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oh right another 700k at 50p yesterday....just RNS'd
Nice reversal here... CEO only bought nearly £3m worth at 96p a few months back...
from 81
https://youtu.be/YlbcNvlseVI
* total £5k!!!!!!!!!!
A good couple of days extremely surprised to get VIC sub 50p… DIY still gonna be huge in 2022! All those wannabes like me won’t be paying a company £15k for a new bathroom when you can buy it all from VIC for £2k & get someone to fit it tile say £3k Total £6k everyone doing it that’s why trade discount is pretty much the same as buying from VIC the difference is now minimal direct to customer. My mates a plumber he does above customer buys it direct it’s delivered ‘Free’ & he fits it £300 a day.
I keep rubbing my eyes. Hello VIC !
need to fly a bit more - topped up sub 50 so who knows.
ITS FLYING NOW
GOING UP NICELY NOW..
Sharp uptick. Someone's buying. Should we be encouraged, or should we say nothing goes down in a straight line...?
Great comments guys. If VIC is to be a very slow burner, one has to consider the investment case in relation to what will be generally lower returns elsewhere, when compared to the last decade. In that context VIC may work out ok... and so if the price continues to decline towards 40p, this is one I'll be prepared to average down on.
BOE today said that they expect inflation to be in double figures soon. Doesn't bode well for consumer confidence if the BOE follows the inflation up and raises rates to combat it. The profits here will be hammered for the next few years as inflation isn't a tap you just turn off overnight and I doubt people will be spending vast amounts on homes in that environment :(
Might be worth long term buy and slowly average in on large % drops imho but it is a LONG term buy nothing good for the next few years.
Was looking fairly well supported at the 50p level. Now that's broken could see this come down a fair bit more. Personally i'll throw a few more bob at this one if it gets to the 40p level. Business looks fairly solid. Macro economic issues outside of their control creating poor sentiment. Solid fundamentals here. No debt, decent profits. I think the high IPO price is bad PR. Ratcliffe has made a stack of cash from PIs. OK he bought a few @97p but really just a token gesture. Interesting one this. Keeping a close eye here. Could be a good return for a LTH!
85% decline since June 2021 IPO.
Excuse me?
I'll say it slowly: eighty... five... percent...
Scandalous.
Into the 40's it goes. No end in sight. Market has decided inflation will mean margins take an even bigger hit than previously guided and the cost of living crisis will cause an even bigger hit to demand for bathrooms. Not helping is that VIC is a recent IPO. Plus current liquidity issues for small caps.
When I bought I asked myself 'how low can it go?' The answer was lower and then lower still. Blimey!
I took a small tranche of these today @51. It does look oversold however i think this could drift a fair bit lower so am keeping a bit of cash back here. No good news which will push this up ATM so i'd expect it to go well into the 40s. A decent looking company overall though i think!
@unhooked: The sp has been manipulated by businesses with deep pockets so they could load up on the cheap before they allow the sp to move north. As an example, someone just bagged £55K worth of shares:
11:02:17
52.31
105,125
£54.99k
Not sure though if we will see the sp moves back to a quid anytime soon without any positive updates from the company but I am confident that we'll see a technical bounce here and some sp recovery sometime soon.
Thanks. Really hope so. As a buyer at 98p and 61p, I'd like to see the 55p resistance broken too.
A problem is that no institutions seem to want this share. Ok, Paul Jourdan of Amati said recently that he had added at just under a quid, having also subscribed at the IPO (whoops), but, apart from him, there are no institutions of significance in a share register totally dominated by the Radcliffe family. Not ideal.
It’s heavily oversold on the technical chart & according to Barchart there is a support @50.6 which the sp just hit so I’m expecting some recovery from these levels back to at least to test the 55p resistance
Approaching 50p now... 45p? 40p? 35p? Answers on a postcard please.
Yes, i agree these highly publicised IPOs are really quite scandalous. I suppose one could argue it's caveat emptor and everything but really the Investment Banking community should be held account when it comes to these valuations. I remember looking at this when it dropped in December & there was lots of talk of it being a no brainer @sub£1 etc. I just couldn't see why & now it's down just above 50p. I think at these levels it probably represents fair value & am mulling over a small investment here. I think this is a fairly decent company but how on earth was an online plumbing supply company being valued @£1bn in the first place is beyond my comprehension!
It is unbelievable. IPO's like this, Hut Group, and sadly so many others do raise serious ethical concerns about the behaviour of the sponsors. The answer is for private investors to up their own game with their due diligence. Top of my list would be to scrutinise the management, particularly their track record. Forget about jam tomorrow, they all promise that. I am a former investment banker so guilty in the past of being on the other side of the fence. I can honestly say however that I never bought a real dog to market.
Unbelievable, with profits of only 26m.
At least the founder made money
It will be a long time before the company generates any substantive positive news, though their sponsors are bound to lob in the usual flannel. The current sp is probably very close to a correct valuation of the business. And for every chunky buy there must be a chunky sale!!
Here we go, a nice wave of chunky buys:
Time Trade Price Volume Value
13:14:11 54.00 20,000 £10.80k O
13:14:07 54.144 700 379.01 O
13:14:03 54.00 20,000 £10.80k O
13:13:52 54.00 20,000 £10.80k O
13:13:33 54.00 21,973 £11.87k O
13:13:01 54.00 32,000 £17.28k O
13:12:50 54.00 32,000 £17.28k O
13:12:39 54.00 32,000 £17.28k O