The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yes, true. This isn't really a VIC thing. The whole retail sector has taken a huge hammering. I've got quite a few on my shopping list as potential LTHs. The current price here is a bargain tbh but i'm sure it'll drop a bit more!
Have to agree with you Paddy i like the company that's why i won't sell especially at a loss. Normally i'd average down but wont commit more funds until share price turns round. I think we're at the bottom now retailers been hammered........hopefully
Kerching, I'm just a realist. I actually like this company & invested in the low 50s but got out on the brief spike back into the 60s. I'd like to get in here again but can see this SP drifting ever lower. Agreed, long term should be OK. One to keep oo the radar for me but can't see this holding above 50 for too long. Probably low 40s i may dip in again. Out look statement gives no real reason to invest here atm!
Even with the results 85% down in 12 months painful. Without doubt my biggest dog atm but i think patience is key here. I use them often and decent service and huge range. In for the long term here but pretty confident it will come good eventually.
Better than expected, no real surprises given current climate. Paddy your a ray of sunshine, its looking cheap! could tonk below 40! outlook not good! market will clobber this one.......well was it to be :-))
Pretty sure the market has already priced in these results, they were very much expected.
Very poor results & outlook not good. The market will clobber this one!
Profitable and with huge volumes, VIC will be making even more gains in market share, as smaller rivals run into supply chain problems. VIC invested heavily to avoid those, but smaller traders just can’t afford that investment.
Anyone know when the next trading update is due here? It's looking cheap but i suspect up to date trading numbers could tonk this below 40.
The trouble is there can only be 1 person who would /could make a takeover offer, with Radcliffe holding what about 47% now no one else could do it and if he makes an offer it's likely to be for less than the current price.
Would love a takeover just to break even, this share has turned out to be a right dog. :-( Surprised at lack of director communication, you'd have thought a 85% decline in share price would warrant a bit of noise from IR.
Cost of living these days - Would you pay a large company to measure up & fit a bathroom for £12k+ Or order from VIC shower toilet tiles etc £1.5k & get a plumber/tiler £3k to fit it?! That’s exactly what me & Mrs did & VIC website was simple easy great price and delivered on time. People are clever and find a way even in a cost of living squeeze that just do it cheaper but just as good IMO DYOR
If you were Mark R and you made millions on the IPO and then you saw the current SP wouldn't you buy back millions of shares at this silly price and almost hold 50% and take full control again. Talk about a gift and who could blame him.
Unhooked, I know some of my comments err on the negative. I would prefer to call it cautious. I'm just a bit of a realist having been stung on a few shares that promised the world etc. I fully intend to reinvest here. The last one was only a few grand punt really & got a nice quick return. Long term this should come good & realistically i would set a mid term SP target of around 120 as a reasonable value once better times return to the economy. I see some turbulence in the near term but this is well supported at 50p so anything below that is really a very good buy for those with a bit of patience!
You can't just do a take private after an IPO so recently. Shareholders need to vote for it and the FCA need to approve a delisting.
You weren't wrong Paddyboy1. Dive, dive, dive!
I very much agree with your 'pump & dump' comment and also that the recent Radcliffe purchase is insignificant, especially when considered against his much larger December purchase, which did nothing to steady the share price.
However, I don't agree with your view that "this is the first type of spend that gets pulled in recession time". The property market is strong and house buyers seem to have sufficient liquidity (thanks to still cheap loans) to pay higher and higher house prices. In that context the cost of a bathroom is insignificant and past history shows that when a property changes hands there is strong motivation to do up bathrooms, whether by the seller or the buyer. There is of course an impending cost of living crisis but, In my opinion, it will be holidays and other large discretionary purchases that will take the hit. Not bathrooms.
I believe VIC will come good in the end.
Not quite the turbo charged MBO then. Parachutes ready for the swift retrace back below 50p
Paulof2, quite agree, there's nothing wrong with IPOs in theory if they can be made to work better. The so-called professional investors who made their valuation calculations and went on to buy at flotation should hang their heads in shame. Of course you don't get everything right but this one was glaring. I mean, they are supposed to be wise custodians of their investor's money lol. I believe this was the largest IPO of the year on the London exchange. Dear oh dear.
You are not too late to buy. LOL. 70p this week
Some typical AIM commentaries. Pump & Dump stuff. This was a dog of a share couple days back now it's the next Tesla. Radcliffes buy is insignificant imo. Why only 700k? he bought 3m @97p didn't he? time will tell i suppose. Maybe new ISA year will give a few shares a much needed surge today. I think VIC is a reasonably good company overall but i'm intrigued to see the next TU. Got a feeling the revenue will take a big hit here. This is the first type of spend that gets pulled in recession time!
This is like a supercharged share buy back. MR has taken shares off the markets with non company funds. They will not be back in circulation again.
HODL and enjoy the ride up as the ISA funds start to get spent up.
GLA
Unhooked, I think if they were to take this back private it’s not necessarily a bad reflection of ipos, I think it’s more of a reflection of just how shockingly bad U.K. investors are at pricing stocks effectively.
That’s something which isn’t just an ipo problem (record premiums being paid to take more mature companies private over the last 18 months too).
I can’t really think of a single reason why one would prefer to be listed on U.K. markets rather than US. Some US ipos have been equally as disastrous, but in most cases they are companies which never turn a profit. This is very different in my eyes in that at 50p this was on just ridiculously cheap multiples, would this have ever hit anywhere near 50p on the US market on these multiples? I doubt it very much.
Perhaps people seeing companies getting snapped up for huge record breaking premiums right in front of their eyes encourages them to buy cheap stocks, rather than deters them.
Well you will never see the 50’s or 40’s ever again . Try put a one in front of both. £350,000 is a solid enough endorsement to tell you it’s not going there. You think the guy would be spending £350,000 at the current share price if he felt it was going to drop another 40%? Come into the real world
i'd really want to see the next set of financial numbers before any large investment here. Today's rise is based on MR buying 700k shares. While it's good that he's got lots of skin in the game, it's no reason for any sustained SP rise. The SP has fallen based on macro economic uncertainties.. Until those clear up & the impact of them is known i can't see this going back from where it came. A worthwhile punt in the 40s & 50s for me atm. That is all.
The Radcliffe brothers own 52% of the business . If they took the business private for say £400m which is £1.40 a share the brothers only need to pay £180m due to the size of their exiting stake. They’ve already pocketed £260m so that would give them their business back and £60m profit in their pocket too. Lots of up side here from 65p