Victorian Plumbing Share Discussion Threads

[velocytongo] 12/8/2022 13:58

more likely taken out on the cheap by the founder and his brother!

[diku] 11/8/2022 08:55

Could this be taken over by retailer based...Travis Perkins or Kingfisher?...or other...

[cyberbub] 30/6/2022 10:46

I reiterate my point here. With the family group holding a substantial majority of the shares, will they not do what's best for them (eg. a lowball management buyout), rather than what's best for private investors?

[stevethefish1] 31/5/2022 19:38

Well. I sold today at 69 (after missing 49 2/3 weeks back) and it went up 7% today i reinvested mine into Ig design which went down by 6%. Not my finest hour insofar :(

[pottsypotts] 31/5/2022 12:15

Near on 50 percent rise in just over last two weeks, way oversold or suckers rally?

[topvest] 24/5/2022 15:01

Isn't this just for new properties?

[mike24] 24/5/2022 12:46

2ml BLT landlords need to spend serious money 10/20k each
on kitchens/bathrooms/heat pumps to replace gas boilers
to bring props up to C rating, by 2025 vic should be ok

DIY will take a hit those with big overheads as B&Q who need to get
gas/electric costs down with mezzanine floors as Currys/Next/Asda

edit all properties up to C rating, the older ones needing most work

[topvest] 19/5/2022 20:48

My view is to steer clear of the DIY sector until Q4/next year. The headwinds are shockingly bad and getting worse. Prior year comparatives had a massive tailwind. It's just going to get ugly moving from a massive tailwind to a massive headwind, however good the company is.

Getting into some good companies like Luceco, Tyman and this is a cyclical buying point. Might be best to await dreadful news being confirmed and buy in shortly thereafter. More profit warnings are likely and share prices will over-react to the downside.

[velocytongo] 19/5/2022 15:56

Steady as she goes. Obvs the macro situation is not great but I think this will likely be end of the Victoria Plumb. This could play out in a number of ways: (i) recap from the existing majority shareholder; (ii) goes bust; (iii) bought by VIC; or (iv) bought by another offline competitor. Any one of the above could happen but if you look at slide 18 of the investor presentation you can see a marked decline in visits to the competitor's website and an increase in VIC's visits.

They expect marketing spending to go back to historic levels (25% of sales). This and the falling away of competition should lead to EPS growth as the comparators become less demanding. The co also expects growth to come from growth in trade and adjacent products. Forecast EPS on Sharelock Holmes is 5.3p for next year.

The co's presentation is on the website

[pottsypotts] 17/5/2022 16:05

Thoughts on the results anyoneMarket taken it well fingers crossed for a steady rise now

[jackson83] 16/5/2022 15:02

Takeover at 60p ?? never say never or wait for the results SHORT ATTACT LOL

[cyberbub] 07/5/2022 11:21

Why would anyone think that the company would be bought out for 140-150p when the share price is below 60p? All Radcliffe has to do is wait until December 2022 = 12 months after his 99p purchase, and then he can buy it out for anything above the price of his more recent purchase at 50p? The Radclifffes have a 60% majority stake so might be able to get away with a 75p offer or even lower, especially if they continue to increase their stake in the interim?

[imjustdandy] 14/4/2022 12:38

CEO must in buying again. Maybe another big slug

[velocytongo] 14/4/2022 12:23

has the worm turned?

[prince7652] 14/4/2022 12:01

BGT inside spread 65.5

[velocytongo] 07/4/2022 12:21

Seems to be a determined seller out there. V easy to pick up stock inside the spread.

[velocytongo] 05/4/2022 19:07

My info indicates that Radcliffe is too ambitious to sell. He's more like Mike Ashley and he'll keep doing what he thinks is right for the biz. I think he'll look to put Victoria Plum out of the market. Then he'll expand the trade, tiles and kitchens. I'd be surprised if that does not eventually regain the listing price.

[s34icknote] 05/4/2022 18:33

The Radcliffe brothers own 52% of the business . If they took the business private for say £400m which is £1.40 a share the brothers only need to pay £180m due to the size of their exiting stake. They've already pocketed £260m so that would give them their business back and £60m profit in their pocket too. Lots of up side here from 65p

[s34icknote] 05/4/2022 18:23

Interesting the director thought 92p cheap

[imjustdandy] 05/4/2022 17:52

And the rest. Radcliffe bought three million pounds of stock at 92p back in December. The family own 52 percent of the business. Might be going private for 1.50

[tomboyb] 05/4/2022 16:26

70p coming -

[velocytongo] 05/4/2022 16:11

Consensus per stockopedia is 3.43p EPS this year and 4.81p EPS next year versus 6.71p EPS last year.

[s34icknote] 05/4/2022 14:30

Can any one explain the eps .11p adjusted basic And 5.5 p basic ??

[npp62] 05/4/2022 12:23

Was merely reacting to post 299.