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VIC Victorian Plumbing Group Plc

75.80
-1.20 (-1.56%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Victorian Plumbing Group Plc LSE:VIC London Ordinary Share GB00BNVVHD43 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  -1.20 -1.56% 75.80 663,791 16:35:16
Bid Price Offer Price High Price Low Price Open Price
75.80 76.20 76.80 76.00 76.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Catalog, Mail-order Houses 285.1M 11.8M 0.0364 20.93 247.34M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:42:10 O 360 75.80 GBX

Victorian Plumbing (VIC) Latest News

Victorian Plumbing (VIC) Discussions and Chat

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Date Time Title Posts
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Victorian Plumbing (VIC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-24 16:42:1875.80360272.88O
2024-04-24 16:41:0775.80152115.21O
2024-04-24 16:15:0076.00253,313192,517.88O
2024-04-24 15:55:2275.80543411.62O
2024-04-24 15:35:1675.8021,01515,929.37UT

Victorian Plumbing (VIC) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Victorian Plumbing Daily Update
Victorian Plumbing Group Plc is listed in the Catalog, Mail-order Houses sector of the London Stock Exchange with ticker VIC. The last closing price for Victorian Plumbing was 77p.
Victorian Plumbing currently has 324,592,480 shares in issue. The market capitalisation of Victorian Plumbing is £247,339,470.
Victorian Plumbing has a price to earnings ratio (PE ratio) of 20.93.
This morning VIC shares opened at 76.40p
Posted at 22/11/2023 08:22 by velocytongo
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.
Posted at 20/11/2023 16:16 by velocytongo
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.
Posted at 22/10/2023 11:56 by velocytongo
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.
Posted at 06/10/2023 07:55 by jonals
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.
Posted at 04/10/2023 20:12 by velocytongo
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.
Posted at 28/6/2023 15:08 by s34icknote
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 ?
Posted at 23/5/2023 13:27 by hopeful holder
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.
Posted at 15/12/2022 14:13 by forrest1987
Barclays upgrades Victorian Plumbing to 'overweight'
Thu, 15th Dec 2022 10:16
(Sharecast News) - Barclays upgraded Victorian Plumbing on Thursday to 'overweight' from 'equalweight' and lifted the price target to 100p from 75p, citing gross margin upside potential and an improving track record.

The bank said the investment case was worth revisiting given an improving track record bolstered by clear long-term conviction and the potential for gross margin upside from falling freight rates.

It also pointed to impressive market share gains and strong positioning into a potential recession, with £46m net cash.
Posted at 06/12/2022 15:07 by kalai1
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
Posted at 14/3/2022 16:40 by km18
...from last year...

Victorian Plumbing issued an upbeat FY21 trading update this morning. Revenues for the year grew around 29% and adjusted EBITDA for FY21 is anticipated to be ahead of market expectations. The company listed in June 21, share price is currently easing lower from IPO price of 330p. Revenue is growing fast, so are profits, the balance sheet also looks in good shape. Valuation is perhaps an obstacle with forward PE of 26 expensive for the household goods market, the IPO price valuing the company at over £1b on FY revenues of around £280m looks generous. The share price dropped over 10% on today’s decent release, further downside looks plausible in the near term as the market determines a fair price for VIC in secondary trading. The business itself looks pretty solid, but the share is one to monitor for now.

Victorian Plumbing Group Ltd is a retailer of bathroom products and accessories. The Company offers a range of products to business to consumers (B2C) and business to business (B2B). It provides an experience for both consumer and trade customers by offering a solution for the bathroom, with brands across a range of price points. Its ecommerce platform comprises of inventory, enterprise resource planning (ERP) and customer relationship management (CRM) systems which provide real-time data to various teams and functions within the business. The Company offers modern and traditional bathroom products on its online store as well as in its showroom...

...from WealthOracleAM
Victorian Plumbing share price data is direct from the London Stock Exchange

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