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VIC Victorian Plumbing Group Plc

112.00
0.00 (0.00%)
Last Updated: 11:24:48
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
  0.00 0.00% 112.00 67 11:24:48
Bid Price Offer Price High Price Low Price Open Price
111.00 112.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Catalog, Mail-order Houses 285.1M 11.8M 0.0362 30.94 365.49M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:04:24 O 28 111.315 GBX

Victorian Plumbing (VIC) Latest News

Victorian Plumbing (VIC) Discussions and Chat

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Date Time Title Posts
06/11/202410:21Victorian plumbing plc-will it be flushed with success530
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Victorian Plumbing (VIC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:04:25111.322831.17O
11:24:48112.502932.63O
11:24:48112.5022.25O
10:04:05112.2988.98O
2024-11-20 16:35:27112.004,8015,377.12UT

Victorian Plumbing (VIC) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 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 112p.
Victorian Plumbing currently has 326,334,279 shares in issue. The market capitalisation of Victorian Plumbing is £365,494,392.
Victorian Plumbing has a price to earnings ratio (PE ratio) of 30.94.
This morning VIC shares opened at -
Posted at 21/5/2024 08:38 by woozle1
Still scratching my head about this one. Why didn't Vic buy this from the administrator and why now? That revenues (see below) have fallen so much would imply it was about to disappear and that it could not live with Vic.

I doubt this has been good for AHK as revenues have collapsed from £100m to less than £50m (Vic says £22m is 0.5x times sales), which means they will have been funding operating losses and probably substantial ones; which means that AHK has not made much money on this transaction and may have approached Vic to buy them out.

I like to hear more color in the results.
Posted at 20/5/2024 14:55 by 74tom
It's been in administration since last September, so I don't think the figures quoted for this year are that relevant. Historics on companies house show it was doing ~£57-63m from 2017-19, £70.9m in 2020, £99m in 2021 and £113m in 2022.

Looking at the balance sheet, it was solid at 28/02/22, although cash had dropped sharply and debtors + inventory increased. I'd speculate they had cash flow issues from taking on too much stock.

On a different note, it'll surely save VIC a fortune on online marketing spend
Posted at 20/5/2024 07:08 by lennonsalive
That's quite a bit for vic plum, but makes sense I suppose
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 10:56 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 06:55 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 19:12 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 14:08 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 12:27 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.
Victorian Plumbing share price data is direct from the London Stock Exchange