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Dead cat bounce maybe next week. Looks more like Friday afternoon dump!
Expecting to see a dead cat bounce here, RSI is around 13% on the daily chart (heavily oversold)
On a positive note i think there should be significant upside here. For an AIM stock i quite like it. It sells real products to real people. Have used them myself. A bit on the pricey side but a decent company really. Was just well overinflated on IPO. Familiar story really. Look at Roo/Doc/Moon. Just ripping off people who don't understand valuations/mkt cap etc.
Radcliffe could buy all the shares he doesn't own for a fraction of the £212m he received in the June 2021 IPO, so returning the company to private status.
Same company, same ownership, but up £120m in cash terms. A nice little earner as they say!
Sub 50p worth a punt i suppose but i think around 40p this starts becoming a one to maybe put some proper cash in!
this is a pin money one for me
Thanks for telling us of your trading prowess Mary - absolutely fascinating.
ducked and dived with a current average of 64p.
my initial purchase in Dec was sub 90 got out at over 115 and again a nifty trade gave me a profitable exit.
I looked at this on the way down and could have gone in at £2 - £1.7 - £1.50 etc but so glad that I did not pull trigger.
Who knows how much lower it may go but must be nearer the bottom than the float price.
DYOR GLA
Not really. Will travel much higher at some point when the selling has done. Will seem a bargain in a few years time or maybe not.
GLA speculate to accumulate.
I'm 10k, average a £1. Was sure i had caught the bottom and a quick 15-20% to be had. Got it wrong on this one just think e-retailers out of fashion atm.
Longer term think i will see a nice return but could be a while :-(( GLA
This share would need to be a 5-bagger just to return to the June 2021 IPO price. Can't think of a flotation that turned so sour so fast.
No end to the pain inflicted on holders...
It's so bad I'm almost enjoying it - I must be becoming a masochist.
An elastic band can only stretch so far - at some point it'll snap.
Thought I was smart buying under £1 should have waited on 50p.
Odd choice
topped up, one for the pension.
i hear you but we are all facing possibly the biggest cost of living squeeze in a generation, VP is 85% retail, bathrooms very high on the list of discretionary expenditure, shipping costs hurting VP like no tomorrow, and then to boot there are a lot of UK stocks out there at extremely modest valuations and with much greater upside potential. BT, Lloyds, ITV, Rolls Royce all at sub ten PE's and multiples of between 5 and 7 free cash. Radcliffe has £200m in the bank, a stunning smash and grab, do yo think he's losing sleep? I doubt it.
No, there are positives. Radcliffe has grown the company over many years to become the biggest and most comprehensive site in the UK for all things bathroom. He knows his market and even now the company is still growing market share. Despite inflationary conditions and an impending cost of living crisis, there's still a 'covid piggybank' attributable to UK consumers and plenty of reasons to update bathrooms given the buoyant property market. Totally overvalued at IPO (262p), but at 57p?
Yes a real shocker, another City stitch up of private investors, how utterly ridiculous does the IPO price seems now. I have no doubt 50 to 60p will be the bombed out floor however there is not a single good reason to buy, limited upside, no dividend, no takeover prospects, wish I could find just one positive thing to say!
Current pe is about 10. Add last years exceptional costs last year and that reduces to about 6-7.
Nobody is spending on holidays, but they are spending on their homes . Note the massive revenue and profits at tops tiles. Tiles and bathrooms spending should be roughly parallel, so go cheaper if you want. I’m definitely a buyer here, funds permitting.
I've been watching this one since the December big dip. Loads of noise then that this was a huge bargain @sub £1. No chance. Very predictable drop here & i see no signs of this reversing yet. Loads of headwinds facing this business. Fundamentally a good business but was hugely overvalued at IPO which seems the norm now. I'd probably look to buy in when it falls below 50p but this is only going further south while all the pressures are on the retail sector!
57p what’s the story with VIC. I’m new to this stock but that does seem very cheap presuming IPO was hugely overpriced as always & headwinds of inflation energy prices etc. I used VIC to kit out our bathroom during pandemic & they were very good. I guess they are being bundled with online/growth which is down sector wide & of course profits below expectations. I will keep watching & possibly look to but 45p - 50p ish
Clearly caught a falling knife (again - do I ever learn?) and yes it is painful!
Just noting that founder Radcliffe bought £2.9m of stock at 97p in early December, so he's also well down on that purchase. But I'm not feeling too sorry for him - £2.9m represents less than 1.5% of the £212m cash he pocketed at IPO...!
Turns out Victoria Plumbing Group was the floppiest of last year's IPO flops!
Surprised anyone selling at these levels got to be sitting on a loss?
This is getting Painful never thought price would go this low :-( suprised no director buys. Thought i'd get a quick profit on this one but looking like a long wait till back to the 90's. GLA
It was simply overvalued at IPO. Nothing unusual in that, in fact it's par for the course. It's what they do.
The moral of the story is never invest in a new IPO, at least until after the share lockup period has ended which is normally several months after listing. I thought I'd avoided the post IPO drop when I bought in at just under a quid a share in early December... after all, the share was already down 70%, but clearly I was still too early!
No problem. I'm comfortable 98p will prove to have been a good entry price when viewed over a 2-3 year timeframe... but, just to be sure, I added more today at 61p. ;)