Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Yes prices haven’t dropped yet for us minions mate, they’ve only fallen last few weeks. It will filter through. Eventually.
I think Mr Wild Wolf is simply an Old Wolf waiting for his pension. ??
@SMKR
Thanks for the update from "EU Energy Chief".
That's pulled me out of my time warp. Where would the shareholders be with you!!
But have Victoria actually said anything about HOW they as a business plan to minimise the effects of the price increases?
Not sure which country you are from but here in the UK prices haven't dropped 50%ftom the summer highs, for business or residential.
EU ENERGY CHIEF:WE SHOULD AIM FOR A NEGOTIATED AGREEMENT WITH SUPPLIERS TO LOWER GAS PRICES
EU ENERGY CHIEF: EU FRAMEWORK TO CAP PRICE OF GAS USED FOR POWER COULD BE A WAY FORWARD
EU ENERGY CHIEF: THIS PRICE CAP SHOULD BE COUPLED WITH COMMITMENT TO CURB GAS DEMAND FURTHER
https://twitter.com/firstsquawk/status/1577361210252857344
They had a trading update literally 3 weeks ago, and you’ll get another at end of month.
“Importantly, despite these purchases, the Group's cash position and liquidity continues to increase.”
“ The Board remains mindful of the macroeconomic headwinds across the globe and, whilst we benefit from the inherent resilience of the business, numerous actions are being taken to mitigate their impact.”
I don’t know what time warp you are living in, but gas has dropped 50% from the high prices in summer. Won’t be long until that filters through.
https://tradingeconomics.com/commodity/eu-natural-gas
https://tradingeconomics.com/commodity/uk-natural-gas
@Alfista
You're correct on this point. While the recession is beginnig to bite, Mr Wild Wolf of Wall Street is topping up on his sun tan.
I'm whole heartedly invested, and genuinely can feel the share price will rise.
But issues such as rising energy costs, Iceberg report need to be addressed and a trading update is much needed.
I agree, the company should be communicating. I can't see a gloss being put on the energy situation. Word is of mas redundancies and kiln closures in Spain, Italy and Turkey. Unless there is government support, things will be messy in winter IMHO
Don't think Geoff Wilding is feeling any kind of squeeze. He must be lying idly on his yacht, getting a sun tan.
Message to Mr Wilding - get off your yacht and at least tackle the Iceberg report and let the public know how it's total nonsense.
Can you feel the short squeeze yet? lol. Be ready
Look at the size of these trades closing!!
Jeez mate what’s your agenda lol
With the gas crisis limiting production across Europe ?
Don't think so.
Major bounce coming on main markets by look of it. Wonder if those chunky trades were shorts running for the exit lol up we go into xmas
Some lumpy trades today. Big volume for VCP
I'm not going to be a doom merchant, there's value in this company, and many would agree.
A couple of £1mill buys have just popped up. Not exactly loose change. I'm no expert but all the buys will be demonstrating some buyer confidence.
Even if you feel the Chairman is useless and simply sits admiring his big yatch, while wishing it was a metre or two bigger, plenty of value has been created in the company. Many have done well from it.
@BlackBoulder
Again, a very thorough response. Although most shareholders will not be interested in the size of Mr Wilding's yacht, and more in the value of the share price, which is getting smaller.
I'm hoping Mr Wilding is not the spent force some are claiming he is, and that he's "run out of juice".
Unless this major acquisition rumour is correct I'd say the old man has run out of puff..
You seem to be in the know @BlackBoulder.. Any substance in the acquisition rumours?
The NPBT of -£12.4m is after numerous deductions from Ebitda which are mandatory deductions under IFRS accounting standards, but which are never included when calculating the NPBT or NPAT for valuation purposes, because they are non-cash (eg goodwill amortisation), non recurring (eg redundancies from closing a factory to obtain production synergies), or because they should be capitalised for valuation purposes (eg costs related to an acquisition). All analysts exclude these line items (not just the analysts writing about Victoria).
These adjustments are set out in detail on page 85 of the Annual Report which shows an Adjusted NPBT of £74m and NPAT of £56m.
There is only one sentence regarding the Iceberg Report in the FT report you reference;
“Victoria has not commented publicly on the report, but equity markets largely shrugged off its findings, with the company’s shares actually finishing the day nearly 9 per cent higher.”
The rest of the article is largely an irrelevant story about Mr Wilding’s personal finances and in particular, the size of his boat.
My opinion is that the company buy backs are attempting to support the share price.
It's another of those where the management make lavish and ambitious claims, attempting to divert attention away from what is quite a serious housekeeping matter. I suspect it won't go away, and that they'll have to register a provision to adjust down the value of those two "acquisitions". Having said that, if they can officially answer the queries, then I'd be proven wrong. Then, you have to factor in the little matter of outrageous energy costs affecting production, nobody can be immune to that threat IMHO
Definitely not an apologist. I've recently stated on other platforms the Wilding should start concentrating on the company instead of his flashy little boat.
And also loosen his pockets a little, and buy more shares to give shareholders more confidence.
Despite some of the negatives, the trend is now slowly upwards, and a lot of people are buying.
Rhere must be a reason why so many shares are being bought?? They can't all be fools to be buying? Your thoughts?
How can you tell? The whole point is that the financials attribute a large value to two acquired businesses that don't have a history that can be ascertained. All it would take would be for the company to release an RNS giving a full explanation to rebutt what Iceberg have reported. they have failed to do that so far, and, honestly, it does appear that you are an apologist for them.
@Alfista
Iceberg report isn't exactly a credible report. I have read the financial reports, and in my opinion, everything looks above board.
And traders seem to share this opinion as plenty of shares are being bought.
If the rumours going around of a new acquisition are correct, nothing stopping this from going back to previous heights, and beyond.
it’s dropped from well over a billion m/c to under 500 recently in anticipation of that bud.
Well, if you think the practical issues of energy and mortgage costs don't exist, then you live in a different world to me.
You make the bull case on nothing but hope, I make the bear case based on what is actually happening, plus a material uncertainty. Your choice, but don't chew me out about it.
“ Not really, I just stumbled across the story about the Iceberg reports”
and a whole lot more by the rest of the post lol
it’s not going down in an absolutely dire market. wait for the upturn