Victorian Plumbing Share Discussion Threads

[cottlet] 05/12/2023 16:22

agree Velo...........good company

[velocytongo] 22/11/2023 10:20

I'd not be surprised and very disappointed if the company gets bought at current levels. This is a great company trading with excellent prospects, trading very cheaply. Not many of those around. The move to the new warehouse will be transformational in terms of the growth of new products and the existing business.

[luckyabbeygale] 22/11/2023 09:53

I just researched these on the lse chat forum. Apparently there is going to be a takeover bid in the future. I have just made my first purchase.

[velocytongo] 22/11/2023 08:22

Great results today. I’d not expect similar earnings growth in 2024 as VIC sees an additional £8m of cost as they run two warehouses in the transition to the big one in Leyland.

[velocytongo] 21/11/2023 10:47

I have to add that I did the searches today and Plum has started appearing again. They must have decided that Monday does not offer the best return on search! But still not as present online as they used to be.

As ever, DYOR.

[velocytongo] 20/11/2023 16:19

The only proviso to the above is if Mark Radcliffe decides to reduce profitability to go into other markets. This will not be liked by the markets but it will likely to be for the long-term benefit of the company.

[velocytongo] 20/11/2023 16:16

I'm wondering if Victoria Plum ("Plum") has thrown in the towel. Type in any bathroom-related product and VIC appears first and there is no Plum listing. Drench also appears lots as I guess they make a pitch to take Plum's business. Its parent co Beyond Retail Ltd made £44m in revenue and £2m in EBITDA but £10m cash in the bank and no debt in 2022. Beyond's GM is 33% as they are predominantly distributing third-party brands.

Plum had revenue of £113m in 2022 and £1.4m EBITDA and got through all its cash and more last year.

VIC now trading below 5x EV/EBITDA 2024 numbers, which prob looks conservative. VIC will do £285m this year rising to £315m next. This was v achievable with the ongoing structural shift online, the pitch to trade, and new products; but with the problems at Plum this is too low. These shares should be worth a lot more.

I'd be surprised if these shares don't pop on the results this week.

DYOR.

[velocytongo] 22/10/2023 10:56

It's cheaper for VIC to put them out of business by upping the internet/sm ad spend than buying a business and taking on the liabilities. The company that bought Vic Plumb is v thinly capitalised and will unlikely be able to support it for long. Vic has scale, capital, and a ruthless focus. I just wonder if the CEO wants the bother of the public listing, which is why I've doubled down.

Given the weakness of the £/$ I would not be surprised to see a US e-tailer snap them up.

[jonals] 06/10/2023 06:55

In H1 Turnover was up 10% and av order value up 3%. For FY the figures are 6% and flat respectively.

Thanks for posting the story on victoriaplum VT. I assume the business was shopped to VIC - £110m turnover (2022) and a similar name/market. Wonder why they were not interested, given it was sold so cheap. The new buyer does not look to be much of a threat so perhaps a chance for VIC to push on.

[chester9] 05/10/2023 07:35

Forecast turnover FY24 is 312 m, giving a PE of 17 so share price about right. I was expecting an indication that a further 7 percent was on the cards to deliver that forecast. Yet nothing except the good news that new DC in Leyland will be operational in 24 but probably late 24. Need more

[velocytongo] 05/10/2023 07:20

Plenty to be pleased about now that the main competitor is in the hands of a distressed buyer will limited access to capital.

[chester9] 05/10/2023 07:16

Where is the outlook, current trading update, with inflation figures 6% is flat which is not bad but not exciting. No current trading gives an indication of nothing to be pleased about perhaps. No meat on the outlook bone.

[blondviking] 05/10/2023 06:41

Good figures again

[velocytongo] 04/10/2023 19:12

So Victoria Plum has been in and out of administration over the weekend to a company (Giomani Designs) that makes barely any money and chews through cash and owes money to hmrc.

You should check out the annual report at Companies House. If you are owed products you can claim through your credit company but it looks like they will not honor existing orders (only new orders and hence you can buy stuff), likewise creditors and suppliers are in the queue.

I wonder how long they can compete with VIC.

[velocytongo] 21/9/2023 07:12

+50% since the summer!

[powereddrones] 20/8/2023 16:26

Revealed: Driver of Lewis Hamilton's old £8.5m supercar when it crashed in tunnel is bathroom billionaire

The driver of an £8.5million supercar which crashed in a tunnel was bathroom billionaire Mark Radcliffe, MailOnline can reveal.

Mr Radcliffe, 44, who made his fortune founding online bathroom retailer Victorian Plumbing is understood to have been driving the unique purple Pagani Zonda 760 LH when it crashed after buying it from Formula 1 star Lewis Hamilton last year.

[s34icknote] 28/6/2023 14:08

Half year results only 1.3p eps Hardly a low valuation . Plenty of value stocks trading at 5/7 Pe ratioVic on Pe of 30 ?

[hopeful holder] 23/5/2023 12:27

EPS has risen significantly from last year to this....Every financial measure has made a positive step change since last year.On the price drop, people often take profits on or before results day but investors look at longer term.Whilst over a day or week we may see some fluctuations in share price, over a longer period the trajectory is upwards. I bought more on the drop today.

[investing2retire] 23/5/2023 09:37

looking at level 2 not much buying interest after the update and strong resistance at the 82p level. i sold for now

[s34icknote] 23/5/2023 08:50

Good cash position but eps is low !!

[blondviking] 23/5/2023 06:39

Great results!

[investing2retire] 22/5/2023 15:07

this has beeb rising before results today. hopefully statement will be good tomorrow and open the door to 90p+

[velocytongo] 05/4/2023 07:27

V strong trading statement from Topps bodes well for VIC

[forrest1987] 16/3/2023 15:49

Beginning to look in a real mess here3 quid to 70p

[gymratt] 10/3/2023 10:25

Good relative strength here on a market down day!