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The scribblers will write what they're told to, but the word coming back from the producers is that things are dire. It still hasn't dawned that we are making ourselves increasingly poorer by pursing nut job energy policies. Perhaps that's what the elites want.
Here is a link to an article on the front page of the business section of The (UK) Times today, “Growth at a ‘turning point’ as economy gains momentum”.
https://www.thetimes.co.uk/article/289cd3d9-9591-4638-911b-2adbb0c7b70c?shareToken=1845c0b7c76e627bab3496e88a457567
Not sure where you are looking for your information Mohawk are over 50% up over past six month on their sp.
However I do agree with your assumption around pick up in demand vcp are best placed to make hay when the sun shines. Headlam look rudderless likewise are top heavy.
Clearly VCP has suffered over the last 18 months or so from the large drop in flooring demand, just like Headlam, Tarkett, Mohawk, Forbo, etc.
However, cyclical businesses are cyclical, and all the leading indicators for a demand recovery - mortgage approvals, house prices, housing transactions - are showing big gains in VCP’s major markets - UK, USA, and Australia - since early 2024.
Only Europe is still subdued, but that may change in the near future as inflation is now just 2.4%, which suggests the European Central Bank is likely to follow the other central banks and begin to cut interest rates mid-year.
With that outlook the downside risk is very low and the upside potential significant. A demand recovery is probably only months away, and when it comes VCP’s earnings and share price will move up sharply.
It says a lot about VCP and their confidence that they are continuing to buy shares, even at yesterday's price of £2.53, so they have already made a gain of 10% on these trades, and close to 20% on previous deals done at £2.35. The share price has been marred by speculation and a bit of controversy (which has been addressed) but does not really affect the drop from the previous heights it was at. It will make very good reading for the future if these shares purchased at £2.50 and below go back to £3-£3.50, future financial reports will be set to make the company a huge profit. If you look at the UK operation alone, the continued investment made, in their manufacturing plants and transport systems, is a good sign there is potential growth in this share. For anyone looking to invest a portion of their portfolio on a higher risk level for the long term, there is an opportunity to make a good return on this.
This has not traded like this for a while. Can only be the shorts closing positions.imho
So far vcp has purchased 1.481 million shares at a cost of around £3.7 million. That leaves them able to purchase around 5million shares. The two short funds have to purchase around 2million shares . In a very tight illiquid share it will be very interesting!!!!! SHORT SQUEEZE ouch
It appears things are heading in the right direction. All the synergy costs have been vested now the cost savings should be seen. However this will be tempered somewhat by the difficult backdrop.
Vcp is well positioned to take advantage of the uptick once it arrives after the election.
Short term positive momentum from buybacks and don’t forget the shorts have to buy back at least two million shares in a tight market. Once we we break past the 275 resistance level we could see a breakout past 300 next week. Happy Easter- bunnies
I for one have closed my short in good time. If the company keeps buying back into treasury then the bigger short funds will be struggling to find enough shares my calculation is around 1.8million shares to find not so easy if vcp keep buying - the question is what level will they be tapering off buybacks ????
It appears that manufacture has been outsourced so that plants stay closed. That means margins lost.
A conundrum.
Too much capacity in the industry, not enough demand. Strange that the brilliant management team are discovering exactly the same outcome as the other producers.
Management team too big and expensive?
Following your logic, why carry on paying them?
Would you carry on paying staff you didn’t require ?
Management has always been described as utterly brilliant.
Try telling that to the hundreds of employees they've got rid of.
The whole industry is in a tough time, with little in the way of good news ahead. Over competed, over produced, mounting bad debts. That's just the facts.
Looks like management has got captain geoff out of trouble. As ever dyor I will be closing my position shortly.
Volume yesterday was highest since December. Maybe found the bottom of where people are prepared to sell t’other day.
Looks to have turned a corner
Free fall !!!!!!!!!
Get out while you can
Wilding & co not buying any shares even at these lows is indicative at the lack in confidence they have in the business. He sold out @£8.50 !!!! Rudderless clueless. Headlams results today mean only one thing for vcp a total wipeout for shareholders . Dyor get out while you can.
New lows being tested - another qualification on the horizon??? only route out of this debt spiral is a cash injection from the beleaguered shareholders. Get out while you can. Wilding & co out of ideas and out of luck.
Three months on and we are still waiting for a replacement for the last board member to walk the plank. Mr wilding none of your cronies willing to hold the poison chalice?
Mark my words Dilution on the cards -dyor
The quickest way to double your money is fold it in half and put it back in your pocket
Or wait for the next audit report if you shorted these shares
Next resistance 2.20
Looks set to go past the 2.50 low tomorrow then it should have some resistance around 2.20 mark.
Blackboulder - whats up?? didn’t you renew your data package.
Bonds are back to 1 year high of 84. Something is going on dyor. This whole sector is suffering kingfisher (b&q) Headlam likewise travis perkins.
Come on gorgeous what do you have up your sleeve ????
The only way wildthing is going to dig himself out of this is by diluting all the share holders. Get out while you can. It’s not a matter of if it’s when. Let’s hope gt do a robust job. I hear iceberg is about to issue the second dossier on wilding and co. What have you been hiding??????
Get out while you can. This company has made no profits it’s not going to make any in a very tough market. All accounting tricks in the world can’t get them out of trouble. This years audit will tip them over the edge!!!! Wildthing & co bought in @3.50 now they have been hovering at 2.50 where are they. Come on wilding blow the cobwebs off your wallet dig deep and buy now if you have an ounce of faith
Lol. Its going above 3 quid mate close your short .. aim 100 and mid caps look strong now