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Tipped by Midas this week.
Strong rumours of a large acquisition.
Decided to hold on to my stake as Wilding has good track record for deal making.
Wish JP would keep his mouth shut for a few days every month. Already in here myself but Your posts are irritating for subscribers who pay for SCSW and want to get in first thing.
VCP was tipped in Small Company Share Watch magazine released today! '...... We must be closing in on a deal or three. Buy.'
Very positive RNS update this morning.
I expect a steady share growth here with money in the pot for further acquisitions.
Did the announcement happen today? There's been a small uptick in share price this morning
recently tipped in Small Company Sharewatch Magazine
I believe there is a trading update next Monday for VCP. This whole industry has been ‘flat out’ since the end of lock down #1. I expect a VERY positive update and a decent market reaction.
And isn't it very odd to accept an investment of £175m at the same time as paying out £30m on a share buyback. If company needs to return cash to shareholders through a buy-back, why raise money from Koch at the same time? Makes no sense to me.
Thanks for reply. I did see the other news, for sure. But I'm not sure how to interpret the £175m Koch money. Preference shares aren't really 'investment in the company', are they? It is debt, convertible into equity, isn't it? Koch get interest at 9.35% + warrants at £3.50. If VCP just borrowed £175m at 9%, that wouldn't push the share price up.
On the other hand if I treat the whole Koch investment as equity:
£175m investment
£45m cost of exercising 12m warrants @ £3.50
Total cost to get 12m (9%) shares = ~£220m
Implied valuation = 220 / .09 = £2,200m ... which would be about 20x EBITDA, right?
I just have no idea how to properly value this news, I guess.
Check last night RNS investments of £175m into VCP
New to this share. Had it on my watch list from a week or two ago. Happen to start taking a look today and the price is going nuts. I've read the RNS about buying out Invesco's shares at £3.50. But why has that pushed the price up so high now? I don't get it ... can anyone explain?
My carpet fitter of the last 20 years tells me he has never been so busy.
Major shortage of underlay throughout the country.
Should bode well for Victoria.
Still see considerable upside in this share.
We shall see!
Buying in here is like catching a falling knife? Or will Geoff, like he always tends to do recover this back towards 400+?
I guess director buying on Friday is a positive sign
....couple of 100k buys, so looks a quick rebound...with hindsight it was time to buy a few more,
but rats, crystal ball is everything, however the talk is confident so hopefully a gradual rise longer term (with no doubt a couple of slip downs if any more volumes are unloaded)!
Seems CJ66 probably got it right. Piece online stating that "Woodfords protege Mark Barnett and Invesco have fallen into the same (liquidity) trap as Woodford."
More important though is the comment today from Victoria that "the Board is pleased with the Group's continued growth and progress and remains confident of meeting market expectations for the full year ending 31 March 2020."
Hate to say it but as per my post months ago.....
“So how long before this is sub £3.50 again?
My previously super flying whippet of a Share is now looking more and more like an old dog dragging its backside along in the dirt with no inclination to get up and run again!
Holding...because I have to.”
....worth noting similar crash at end of October 2018!!!!
Still holding cos I have to.
:0(
FF66
Time will tell, but I think it is likely to be Invesco - who along with Woodford (link) having been offloading big positions in other small shares.
350,000 in 4 late trades points to it likely being them.
The only issue is how much do they want to unload, because holding 28% of 125m shares is about 35m shares!
Looks like it might be wait and see for a short while in case they offload even more, as it fell to circa £3.20 last time.
It seems a shame as the company is gradually getting going, but the overhang like you say will tend to keep it stuck in a grey cloud.
Thank you very much for your very helpful post! Based on past form this has the ability to move up again shortly but I know as a fact if I take a position at this price I will get stuck for at least 3 months.
Pretty savage mark down - on no real volume or any RNS
Last trading update was reasonable progress and they have an obligation to provide major news as appropriate.
Is it Invesco reducing their 28% holding, or some other market chatter?
Last years interim results were 27th November, so not even sure something is immanent just yet.
This is probably either a good buying or selling opportunity, but I have no idea which!
Interesting, an upbeat but much more measured cautious tone without much detail!
Think they are learning that slow and steady is what people want combined with the high octane - this has still some way to go before reaching the highs again and will do so by results.
Anyone with Burford shares is finding the same + a bucketful of mud as well. People there talking of regaining the highs once proved wrong by Christmas etc...but I suspect it will be a similar story to Victoria - material results are the only lasting drivers.
Having bought a very long time ago, I'm more than happy to hold here, although I wouldn't mind a small dividend back one day!
The £3m trade today is probably a sell that started yesterday, should get a notification soon.
So how long before this is sub £3.50 again?
My previously super flying whippet of a Share is now looking more and more like an old dog dragging its backside along in the dirt with no inclination to get up and run again!
Holding...because I have to.
:0(
FF66
Excellent news, all going to plan. Finance news was the short-term hurdle which has now been sorted. £6+
With a non-exec spending £1.57m on shares in the last month and Invesco continuing to buy shares to their maximum limit, can only conclude that the long term financing of the company is a long way towards being resolved.
Remove financing fears and would expect quite dramatic improvement in the share price.
If it follows last year a mid April end of year update, but finals not released until July.
Note today Invesco up to over 29% - although not saying it likely they would put in a bid - but it does provide them with a very strong 'swing' position for anyone else, if the shares start to look massively undervalued.
Having taken the recent downside, I don't want the rug taken away just for somebody else to reap the upside!!