Victorian Plumbing Share Discussion Threads

[velocytongo] 07/12/2022 16:22

Thank goodness there are financially illiterate people like you - Forrest1987 - so we can continue to buy cheap stocks. There is nothing overvalued about this stock: mid single digit ev/ebitda with a dominant market position (now over taken B&Q in plumbing etc), killing the competition with its marketing scale (victoria plum its main competitor is private equity owned and probably cash strapped and will unlikely surive this downturn), in a growing market (online is growing), the scope to move into adjacent markets and grow trade, with a reasonable yield (we are paid to wait) and a ferocious and driven ceo (mark radcliffe is the mike ashley of the plumbing). What's not to like?

It was massively overvalued on the float but certainly not now!

[deanmatlazin] 07/12/2022 11:08

fair value between 50-60p.

[forrest1987] 07/12/2022 10:42

retracing all of recent move, fair price 45p imho with ebitda issues

[forrest1987] 07/12/2022 08:09

Can soon lose momentum and give up gainsHalving of ebitda isn't positive

[pottsypotts] 06/12/2022 16:13

"Share price also lacks some positive momentum and has been trading sideways for 6 months" Or you could say it has doubled in last 3 months depends on your entry point

[forrest1987] 06/12/2022 15:16

over valued then

[kalai1] 06/12/2022 15:07

Victorian Plumbing Plc posted FY results for year ended 30th September this morning. Results were ahead of expectations, with H2 revenue recording some growth as the Group demonstrated continued trading momentum and further market share gains. FY revenues were roughly flat at £269.4m, adjusted operating profit down 40% to £12.1m, adjusted diluted EPS down 58% to 3.9p. The Group has had a strong start to FY23 with 10% revenue growth to date, whilst maintaining H2 gross profit margin and with lower marketing spend versus the comparative period last year. The balance sheet also remains robust. Valuation is unhelpful with forward PE ratio at nearly 15x in the bottom quartile for the Household Goods market. Share price also lacks some positive momentum and has been trading sideways for 6 months. VIC is a share to monitor for the time being...

...from WealthOracle

[forrest1987] 06/12/2022 11:31

about to fall over, v weak results on ebitda

[imjustdandy] 06/12/2022 10:17

his last purchase in October was 400,000 pounds

[imjustdandy] 06/12/2022 10:16

Directors free to buy and our CEO buys big

[pottsypotts] 06/12/2022 10:08

Looks like the market has reacted positively to the results, as we know can go either way on the day

[imjustdandy] 06/12/2022 08:26

£45m in Cash - back oner a pound by year end

5% yield now with dividend and special dividend

[imjustdandy] 06/12/2022 08:15

Nice dividend

[velocytongo] 05/12/2022 20:18

I suspect good. They will be killing the competition and, hopefully, taking market share will more than makeup for the market decline.

[lewaus97] 05/12/2022 16:36

Tomorrows the day - Update. Good or bad?

[pottsypotts] 02/12/2022 16:54

Looking healthy before Tuesdays results, sustainable or a trap

[mike24] 14/11/2022 12:32

at just 59p
looks like decent support this am, see trades for 11/nov
have spent 10k on boilers etc in last month
dyor

[pottsypotts] 14/11/2022 11:38

Nice unexpected rise today anyone know why

[investing2retire] 26/10/2022 14:05

I sold my long at 60p earlier. looked like was reaching a top and dropped 10% since then so looks like i was right. might buy back in soon

[sphere25] 26/10/2022 11:07

Post the great financial crisis of 2008, there used to be enormous moves on the back of NT posts. They were good times and there would be an absolute barrage of buying following a tip.

In recent years the numbers of folk buying such tips has fallen off a cliff. Yes, right now it is a difficult time, but even before this time there has only been dribs and drabs of buying.

You can clearly still get a pop higher, particularly if something is illiquid. On the whole though, what should be a much larger following hasn't transpired into the associated volume buying. If anything it is notably non-existent at times.

I think it just shows how tough markets are to actually beat year after year and to keep up the enthusiasm to stay in the markets. It's a great thing to watch experienced folk and learn, but the harsh reality of markets often means you have to go above and beyond most to continue to generate returns.

Finding and continually having that edge is very tough.

As for VIC....

The monstrous buying highlighted here (note it was a very substantial amount of the free float too) has transpired into a nice move. No position now but nipped in and out but haven't maximised the returns here. I thought it was going to stall out earlier.

I wonder how this RMI market is going to hold up. Warnings from MSLH and GEN (bottom end for profit but big downgrades for 2023/24 by Deutsche) recently. You also have TPK talking about forward visibility being limited. They were in line but both Liberum and Jeffries have cut numbers.

Just watching these 100k plus blocks being gobbled up at 60p. There are still large buyers in the market continually coming in for shares. It is very much a case of 58p vs 62p on either side now. The price is sat bang on that key 200 day moving average too so this next move is key.

If the buyers are exhausted it will lurch back down, but if the buyers keep mopping these big blocks up, another leg up on that break of 62p looks very possible. Hard to tell which way it will break at the moment. Highly illiquid so prone to very sharp moves on nothing volume.

Plenty to think about for all market participants.

All imo
DYOR

[pottsypotts] 25/10/2022 09:53

Probably why he picks small cap stuff as he gets in others follow in numbers and price moves

[investing2retire] 25/10/2022 08:16

ive noticed that as soon as he posts in the mid afternoon, most of the shares he long in go up with strength

[dtaliadoros] 23/10/2022 15:55

I'm always a bit sceptical about the NakedT's posts.

He always seems to have impeccable timing. Do his posts have that much clout that they move the market? if so, what a nice position to be in.

[investing2retire] 21/10/2022 13:28

the naked trader said he bought it when he saw the lows of 35p. could be his followers buying