Fiddler on the roof
30 Oct 2017
BERENBERG RAISES VICTORIA PRICE TARGET TO 800 PENCE Just spotted this from 24th October - BERENBERG RAISES VICTORIA PRICE TARGET TO 800 (550) PENCE - 'BUY' on -[link] seeing it anywhere else though.FotR
KEEPING CALM MIKE
24 Oct 2017
Re: Surge! Well todays news, has certainly pushed VCP and broke through to a new all time high. I am always nervous when price of shares march ahead without any apparent reason , as I always think they also could tumble, twice as fast, so now this acquisition has been announced, looks like the market likes it. K.C.M.
Fiddler on the roof
24 Oct 2017
FinnCap - broker forecast upto 750p Anyone know of a link to the details behind the finncap forecast increase?
Fiddler on the roof
24 Oct 2017
Acquisition of Ceramiche Serra S.p.A. Another big acquisition:Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative flooring, is pleased to announce it has agreed to acquire Italian ceramic flooring manufacturer, Ceramiche Serra S.p.A. ("Serra"
(the "Acquisition", for cash consideration of up to €56.5 million (£50.4 million) (the "Total Consideration", net of cash acquired as part of the Acquisition, to be funded from the Company's cash reserves and existing debt facilities. €36.5 million (£32.6 million) of the Total Consideration is to be paid on completion, with the balance of €20.0 million (£17.8 million) (the "Contingent Consideration" to be paid over the next four years, subject to the business meeting annual targets in earnings before interest, tax, depreciation and amortisation ("EBITDA".The Acquisition will be immediately and significantly earnings accretive on completion.
Hauler1
16 Oct 2017
I am hearing... speculation that there is a Berenberg road show / note...No view if this is accurate or not...its coming from the market makers
CASTLEFORD TIGER
13 Oct 2017
Re: Surge! kcm you and I had more than that a few years ago.Hang on mate more comingTiger
KEEPING CALM MIKE
13 Oct 2017
Re: Surge! Well if you have 50,0000 VCP, then thats big bucks , good luck . K.C.
Hauler1
13 Oct 2017
Re: Surge! I just got called(through broker) by a market maker bidding me for 50,000 shares (over 650p bid)! Says he was cleaned out this morning along with the other market makers...something going on
Fiddler on the roof
13 Oct 2017
Surge! Nice surge this morning!Anyone know what's going on?I'm assuming that a purchase is imminent!!!!!!
KEEPING CALM MIKE
31 Aug 2017
AGM Looks like the market likes the AGM this morning , and marked the shares up again, banked some more bunce @£6.28 !!! K.C.M.
Hauler1
26 Aug 2017
From one of the other chats... "Positive note in latest Growth Company Investor where they reiterate their buy recommendation. Article reads:"Carpets and floor coverings specialist Victoria deliveredan excellent set of results for the year to March. Revenuegrowth of 25 per cent was outstripped by earnings per sharegrowth of an impressive 50 per cent. The shares have beena terrific recommendation and, having spoken tomanagement, we’re convinced there’s plenty more to go for.An important influence on last year’s results was the 1.2percentage point gain in EBITDA margin, which rose to 13.8per cent. Management has a 16 per cent target, and it’sreasonable to expect them to hit this on a three-year view.Each 1 per cent gain in margin is worth 12.5 per cent to thebottom line.So there’s still good organic growth to come. But the majorpart of the story remains the strategy of using the prodigiouscash flow generated by carpet manufacturing anddistribution to make acquisitions. Chairman Geoff Wildingpoints out that the European flooring market is five times thesize of the UK’s, with literally dozens of family-ownedcompanies. He has compiled a shortlist of targets and isengaged in ‘active discussions’, so we should expect furtheraccretive acquisitions before much longer.There’s scope to acquire £30 million of EBITDA by gearingup to the company’s self-imposed debt ceiling. The sharesare on a p/e of around 20 times this year, falling to 18 timesin March 2019. However, it’s reasonable to expect Victoriato outperform brokers’ margin assumptions and it’s almostcertain that it will make more than one earnings-enhancingacquisition in this time frame."
Hauler1
14 Aug 2017
Really big volumes printed from 9th August... This evening...350,000, paying 620p from middle of last weekPrinted after the close this evening.
Fiddler on the roof
14 Aug 2017
Re: According to one of the other boards... What other boards do you use?Can you post up some links?ThanksFotR
manxgold
14 Aug 2017
Re: According to one of the other boards... [link] don't look much of a company to me!!.
Hauler1
14 Aug 2017
According to one of the other boards... There is speculation about some kind of tie up between VCP and another company called GTuft that might explain part of the rise that has been going onH
