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Started: paternostpauper, 22 Mar 2024 09:32
Last post: paternostpauper, 22 Mar 2024 09:32
Dipped my toe in the water here today having been watching for a while.
P/E, PEG, ROCE, cash in the bank and a reasonable dividend all make for good reading. A profitable company during turbulent times and as AIM shares go, a low spread. Above all, directors with skin in the game.
Maybe not a trading share, but with the new distribution centre well underway and continued growth, the dreaded FOMO kicked in.
Started: BullorBear123, 5 Aug 2023 08:09
Last post: BullorBear123, 5 Aug 2023 08:09
From a cash perspective the company is looking incredible, but I'm just curious on whether the company can continue the momentum from Covid, and gain a larger market share. I plugged some numbers into my valuation template and forecasts a 30% growth for the next 5 years, with the new warehouse and facilities being built. We're looking at a potential value of £2 per share, I believe this needs to take consideration of the next earnings, and will be the catalyst.
The markets currently pricing in a 11.5% growth rate for the next 5 years, putting the share price on track, which looks reasonable.
If you believe that purchasing bathrooms online will grow more than 11.5% over the next 5 years then this is a strong buy, but considering companies like eve sleep and purple bricks who tried the transition to pure online selling and failed then this is a speculative.
I believe the next earnings report will answer many questions, with a key focus on what they are doing with their cash and will they exceed growth targets. However, there growth strategy seems like its working, I'm sitting on a weak buy
Stock Ticker VICTORIAN PLUMBING GROUP PLC (XLON:VIC)
Current share price £0.83
52 week high £0.95
52 week low £0.33
Growth Rate (yrs 1 -5) 30%
Growth rate (yrs 6 - 10) 15%
Discount Rate 10%
Terminal Value (multiple of FCF) 12
Year 0 Free Cash Flow £14.00
Stock based compensation £3.90
Net Cash/(Net Debt) £35.50
Shares outstanding 325.2
Present Value of Future Cash Flows (Millions) $568
Intrinsic Value (Millions) $603
Intrinsic Value (per share) $2
Current Margin of Safety % 55%
Margin of safety
10% $1.67
20% $1.48
30% $1.30
40% $1.11
50% $0.93
Started: HarryHoudini, 20 Feb 2023 20:46
Last post: unhooked, 2 May 2023 17:24
...from 93p to 69p in 3 months, during which time we've had a strong trading update....
Bizarre.
£5 mill sold. Negligible bought. So SP fall no surprise..
Started: unhooked, 20 Feb 2023 14:37
Last post: MaryBr190, 20 Feb 2023 16:29
and also sub 34p as recentlyas Oct - made a fair bit and out for a pullback which no doubt will come later in the year.
Yes looking at share price, I thought I had better check for a poor RNS - nothing to see. I keep reminding myself that the IPO was at 300p.
VIC's caught the Monday blues - down 5.5% as I write, for no particular reason.
Suppose it's had a good run and some profit taking was inevitable.
And nothing goes up in a straight line, esp these days!
Started: Ilovesushi, 3 Jan 2023 08:34
Last post: Ilovesushi, 3 Jan 2023 10:12
up 8% now. Very nice
Although only half eight, current volumes indicate profits being taken already from the rises over the last few days. Am looking to top up but will wait a bit.
Up 6%
Started: Ilovesushi, 3 Jan 2023 08:34
Last post: Ilovesushi, 3 Jan 2023 08:34
Board proposes maiden ordinary full year dividend of 1.1p and an additional special dividend of 1.7p. And no doubt there will be more and more special dividends in the pipeline. UK biggest plumbing outlet.
Started: Ilovesushi, 3 Jan 2023 08:32
Last post: Ilovesushi, 3 Jan 2023 08:32
going up strongly.
Started: MaryBr190, 6 Dec 2022 08:33
Last post: MaryBr190, 9 Dec 2022 16:27
semms to be holding up well.
back to £1.00 for sure. Looking to cheap at this level. Fill them boots
Great set of results given current climate and a divi, debt free and robust start to 2023, strong management team whats not to like :-) £1 will seem like a real bargain in the not to distant future. GLA
Lovely.
Started: Ilovesushi, 6 Dec 2022 08:22
Last post: Reader61, 6 Dec 2022 09:36
The housing market is slowing as people are hunkering down for a tough year or two. For this share, perhaps it means more people will refurbish their existing homes rather than move. When people do move they often refurbish bathrooms too but it takes a while as they are skint from the costs of the move.
I guess the money you save on going to food banks can buy you a whole new bathroom suite.
buys coming in now...
Hard to believe in this environment that people are buying taps and plumbing stuff, but they are. VIC is looking very good.....fill your boots. Good call from Motely Fool..top 10 share for 2023
Started: Ilovesushi, 6 Dec 2022 08:06
Last post: Ilovesushi, 6 Dec 2022 08:06
Results ahead of expectations, with H2 revenue growth as the Group demonstrates continued trading momentum and further market share gains, supported by a robust balance sheet.
Started: Ilovesushi, 6 Dec 2022 08:04
Last post: Ilovesushi, 6 Dec 2022 08:04
That's nice
Started: MaryBr190, 6 Dec 2022 07:09
Last post: MaryBr190, 6 Dec 2022 07:38
If you delve into the cost base main element is increase in marketing costs and positioning business in terms of a potential recession.
Considering the cost of living crisis affecting all businesses this is a stellar report and a well positioned business.
Survival of the fittest.
Well done Mark Radcliffe.
Strong start to 2023 too.
The Group has had a strong start to FY23 with 10% revenue growth to date, whilst maintaining H2 gross profit margin and with lower marketing spend versus the comparative period last year
Bull & bear case for any stock makes a market
Not so sure about that EBITDA down 51 % on last year?
Whilst revenue in line with last year rising costs reducing GM
Only reason they are paying divvy is to offer sweetener
AIMHO
VICTORIAN PLUMBING GROUP PLC
FULL YEAR RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
Results ahead of expectations, with H2 revenue growth as the Group demonstrates continued trading momentum and further market share gains, supported by a robust balance sheet
Board proposes maiden ordinary full year dividend of 1.1p and an additional special dividend of 1.7p
Started: MaryBr190, 5 Dec 2022 10:02
Last post: MaryBr190, 5 Dec 2022 16:40
tealeaves but cannily accurate at times.
What makes you think that it will be taken private? What information are you forming your opinion on?
starting to look like this may be taken private IMHO which is a shame as it has so much potential upside.
GLA.
Started: MaryBr190, 5 Dec 2022 08:14
Last post: MaryBr190, 5 Dec 2022 08:14
looks like the pipe is getting unblocked.
Started: Ilovesushi, 3 Dec 2022 09:46
Last post: Ilovesushi, 5 Dec 2022 08:13
TOP SHARE FOR THE YEAR. According to Motely Fool. All upside from here then. Fill your boots.
Victorian Plumbing
What it does: Victorian Plumbing is a leading online retailer of bathroom and other household accessories
By Christopher Ruane. Victorian Plumbing (LSE:VIC) is due to publish its full-year results in December – and I expect them to be strong. The company has already said that its financial year “finished positively with revenue, earnings, and cash flow all ahead of consensus market expectations.”
The retailer is continuing to book the sort of revenues it made during the pandemic, which was a huge step up from its prior levels. That could form a strong foundation for long-term profits.
There are risks. Victorian Plumbing has been building stockpiles to mitigate against supply chain issues, but that could hurt cashflow. Less consumer spending could hurt sales and profits.
But I expect long-term demand to be robust and the company has a large, growing customer base. It is already profitable and enjoys a net cash position. I have been taking advantage of its current share price to build my stake by buying more shares.
Christopher Ruane owns shares in Victorian Plumbing
£150 per share wow - now that would many my day... where did you see this offer price :)
Back up we go. Even a possibility this is to be taken private. £150 take out price. Lots and lots of upside. Fill you boots.
Started: Ilovesushi, 3 Dec 2022 09:45
Last post: Ilovesushi, 3 Dec 2022 09:45
Motley Fool is tipping Victoria Pluming as one of its best shares to buy for 2023.
https://www.fool.co.uk/2022/12/02/best-british-shares-to-buy-in-december/
Started: unhooked, 14 Nov 2022 11:12
Last post: MaryBr190, 2 Dec 2022 16:24
Going up.
hoping for this to be my 4th take out recently
MCRO DVO TED &VIC ??
could be happening soon.
No idea, can't find anything......not complaining tho :-)
many are expecting it to be taken private.
Started: tommy15, 26 Oct 2022 17:47
Last post: kerching67, 26 Oct 2022 18:44
No idea seems a big hit, maybe a bit of profit takin from recent gains?
Any ideas? Market is broadly up.
Started: BND1, 10 Oct 2022 08:48
Last post: K3VMC, 26 Oct 2022 17:35
Director buying, plus an extremely healthy free cash flow. from the #1 market leader. Quality firm.
I took profits at 61p from 45p. Bought back in at 55p and will scale in if the price drops back further.
Retailers are getting battered these days, I expect the rebound to be short lived. We will be in the 50s again soon
Significant purchase as well.
Great to see director buying
Started: BND1, 6 Oct 2022 11:08
Last post: BND1, 7 Oct 2022 09:32
I think this could be a prime candidate for a quick takeover around 95p
looks good, doing dd and may take a position here too
I nearly bought back in this morning. I decided to hold back until we actually see the numbers. In normal times this would have gone up far more on that update. To be fair it had dropped to a silly low level but this market is just so unpredictable & the outlook isn't great. seems like a decent company & these prices do seem stupid but loads of shares at daft levels atm!
About time we had some decent upside. This should be well over a quid, Vic been bucking the trend in these lean times. I'm a long term holder so all going well i will reap the rewards in a few years time. GLA
Have taken my initial position here today and will continue to build.
Started: Scarfell, 6 Oct 2022 09:41
Last post: Scarfell, 6 Oct 2022 09:41
Thought I would change the headline reflecting the RNS this morning. Surprised it hasn't risen more - if it had been bad or neutral news it would have dropped like a stone. Anyway have topped up - patience needed.
Started: unhooked, 14 Jun 2022 11:09
Last post: adeg1, 6 Oct 2022 09:27
Revenues up, margins up in H2 and cash balance of £43 million up £10 million on the previous year. Profitable business even in these market conditions. Should see plenty of upside from here.
Decent well managed company share price been brought down with overall market sentiment. Bounce long overdue.
Noticed some weakness in the share price these last couple of days and suddenly thought, are the results out this week?
Not until Oct. OMG what price will it be then? This is one falling knife to avoid for now. This will be testing 30p before long at all!
Spot on mate, i'll be looking to the US. Unfortunately nursing a few big losses so have to wait it out :-( Good luck
Started: kerching67, 10 Jun 2022 19:04
Last post: kerching67, 10 Jun 2022 19:04
5 1/2 % drop on £100k volume wtf?
Started: Fortnefvrsbrve, 31 May 2022 11:59
Last post: Fortnefvrsbrve, 31 May 2022 17:49
Hope it continues tomorrow :)
Yes, a spike up. Can't see any specific reason.
Started: littleton1, 30 May 2022 16:49
Last post: littleton1, 30 May 2022 16:49
If we get by the 70p mark £1 does not seem sofar away