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Take car saying stuff like that. However, anyone thinking of having a go here would be well advised to read the Iceberg research report IMHO
Wow looks like this is worthless
Still awaiting the final results but the preliminary announcement gives us this:
Free Cash Flow £20M
Net Debt £757.4M ("described as sensible but cautious!!")
£225m of that debt carries a cash cost of 8.35%.
£203M Shareholder Equity (Preferreds are Debt)
£504M of Goodwill and other Intangibles on the Balance Sheet
Wilding got his cash out years ago. It's a House of Cards and in my opinion a zero sum game for equity holders.
AceofClubs
Also agree with the below - this unprecedented short attack should serve as one hell of a wake up call for VCP! That said, at some point the shorts will have to close and as we have three parties invovled, it could be interesting to see who blinks first. If ever there was a time for VCP to issue some positive news to the market, it's NOW!
Ace, must agree I would like a little less smoke and mirrors and an honest bottom line actual focus on results - I'm no expert but I find their results hard reading - and as Warren Buffett says if you don't understand it...keep away.
In my case I have had VCP shares since well before Wilding, when it was a boring solid but small family dividend paying company - but it certainly stops me buying any more until some clarity comes through...
Things haven't been going well for Victoria PLC for a number of years but the Wilding waffle has generally overcome a more objective examination of the financial results. It can't go on for ever and the rise in gas prices and falling consumer confidence might just be enough to focus on the actual rather than "underlying" results.
https://www.marketscreener.com/quote/stock/SNAM-S-P-A-95732/news/Gas-price-surge-pushes-Europe-s-ceramics-industry-to-breaking-point-36806799/
"In September (sic) Keraben, owned by Victoria Plc, spent seven million euros to fire up its 140-metre-long ovens compared to a monthly average last year of two million euros."
We shall find out more with the publication of the full accounts but I fear for the future of Victoria PLC - I doubt if even Wilding is slippery enough to escape the bear hug of the Koch family.
AceofClubs
Some facts
Shorters have been manipulating the share price outrageously, down to a level which is well below fair value.
It has coincided with the general drop in all markets caused by Putin's War
Meanwhile the CMA's primary function is to ensure that Competition and Markets work in favour of consumers and that all UK business is conducted fairly and legally to the highest standards. Unfortunately the Sir Humphreys are still shirking from home.
My policy is to just keep buying any further drops at this level and to get shorting banned asap
Good Luck
Mike
I haven't been following this one much. Why do brokers forecast a price twice as much?
Profits haven't been very consistent over a number of years..
Insiders and company both buying - should start moving by up soon!
16% swing up then down in 3 trading sessions.
Some dodgy trading going on here.
Last year on the 12th April there was a trading statement, when this happens it should give us an idea of current trading and might increase the price.
I think you need to understand the price shock reverberating through the tile production industry, gas prices have caused the closure of many kilns. I'm very surprised that this hasn't been addressed in an RNS. Both Spain and Italy have been heavily impacted.
If the company thinks it had excess cash to buy back shares, perhaps they've hedged, but they did ought to tell the market IMHO
cheap ??????
Any particular reason why it has dropped approx 22 % since July?
Seems the market liked the last acquisition.
And Mr. Wilding says there is more to come.
Can see further upside here.
Any idea what's happening today to affect the price?!
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.