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Pin to quick picksVictoria Share News (VCP)

Share Price Information for Victoria (VCP)

London Stock Exchange
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Share Price: 204.50
Bid: 200.50
Ask: 204.50
Change: 5.90 (2.97%)
Spread: 4.00 (1.995%)
Open: 193.00
High: 204.50
Low: 193.00
Prev. Close: 198.60
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TRADING UPDATES: Strong interims for Record, Calnex and Victoria

Tue, 23rd Nov 2021 17:51

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Record PLC - Berkshire, England-based specialist currency manager - For the six months ended September 30, pretax profit more than doubles to GBP5.2 million from GBP2.6 million, on revenue growing 38% year-on-year to GBP16.3 million from GBP11.8 million. Growth was buoyed by a 5.0% increase in assets under management equivalents to USD84.1 billion as at September 30 from USD80.1 billion at the end of March, with net inflows reaching USD1.9 billion, mainly on new client mandates. Declares interim dividend of 1.80 pence per share, up 58% from 1.15p a year prior.

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TT Electronics PLC - Woking, England-based electronic resistor manufacturing company - For the four months ended October 31, revenue rises 11% higher year-on-year on constant currency basis, as order intake runs well ahead with book to bill of 140%. Order book stands at record levels, and provides strong visibility into 2022. Looking ahead, expects adjusted operating profit to be around GBP35 million for 2021, up 27% from GBP27.5 million.

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Calnex Solutions PLC - provider of test and measurement solutions for the telecommunications sector - For the six months ended September 30, pretax profit rises 18% to GBP2.3 million from GBP2.0 million the same period a year before, on revenue which grew 20% year-on-year to GBP9.3 million from GBP7.7 million, driven by strong demand for telecoms testing equipment. Declares maiden interim dividend of 0.28 pence per share in line with company's intent to implement a progressive dividend policy for the current financial year. Looking ahead, Calnex is confident in meeting market forecasts for the year.

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Appreciate Group PLC - Liverpool-based prepaid card operator - For the six months ended September 30, pretax loss narrows to GBP2.0 million from GBP6.2 million a year before, on revenue which rose 50% year-on-year to GBP41.0 million from GBP24.4 million, due to the realisation of redemptions, which had been deferred due to the lockdown. Compared to the first half of the 2019 financial year, revenue was up 24% from GBP33.2 million. In addition, billings increased 20% to GBP118.2 million from GBP98.8 million a year prior. Declares interim dividend of 0.6 pence per share, up 50% from 0.4p a year before.

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M&C Saatchi PLC - London-based advertising agency - Continues to trade well since last update on September 21. Expects headline pretax profit for 2021 to be ahead of consensus expectations, with both revenue and operating profit margin to beat market forecasts, as a result of strong new business wins.

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Accsys Technologies PLC - wood building products manufacturer - For the six months ended September 30, swings to pretax loss of EUR185,000 from a profit of EUR961,000 a year before, driven by higher operating costs, even as revenue grew 31% year-on-year to EUR56.2 million from EUR42.9 million. Sales volumes increased to 29,555 cubic metres from 26,422 cubic metres a year prior. Looking ahead, expects to meet market expectations, and for the longer term expects further demand for company products.

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Victoria PLC - Worcestershire-headquartered flooring firm - For the six months ended October 2, swings to pretax profit of GBP2.9 million from a loss of GBP4.7 million a year before, driven by a 60% year-on-year rise in revenue to a record GBP489.0 million from GBP305.5 million, due first to the prior period being affected by lockdowns, and contributions from recent acquisitions. Looking ahead, despite expectations of inflation impacting the cost of good sold, still anticipates the next 12 months to be another period of "positive wealth creation" for shareholders.

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Triple Point VCT 2011 PLC - small and medium sized enterprises investor - Venture Share class completes five investments since the end of August for GBP2.3 million, and now holds 30 portfolio companies.

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Gunsynd PLC - London-based investment firm - For the year ended July 31, pretax profit was GBP2.0 million, swinging from loss of GBP991,000 the year before, as income hiked to GBP2.6 million from GBP167,000 on gains from financial investments.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
28 Mar 2024 08:28

IN BRIEF: Victoria appoints Roberto Moreno as chief strategy officer

Victoria PLC - Kidderminster, England-headquartered designer, manufacturer and distributor of flooring - Last week Thursday, announces appointment of Roberto Moreno as chief strategy officer. Moreno has 16 years of experience in banking, investing, mergers & acquisitions and corporate value creation and has led Victoria's acquisition-based growth in North America, the company says. Chair Geoff Wilding says: "His leadership and expertise will play a crucial role in advancing our strategic initiatives and operational excellence projects - further solidifying our position as a leader in the global flooring industry."

Read more
21 Mar 2024 11:44

Victoria promotes Roberto Moreno to group strategy chief

(Sharecast News) - Flooring specialist Victoria announced the appointment of Roberto Moreno as its new group chief strategy officer and principal duty manager on Thursday.

Read more
14 Mar 2024 12:50

Berenberg halves target price on Victoria

(Sharecast News) - Analysts at Berenberg slashed their target price on floorings manufacturer Victoria from 600.0p to 300.0p on Thursday but reiterated their 'buy' rating on the stock.

Read more
14 Mar 2024 09:51

LONDON BROKER RATINGS: Kepler Cheuvreux likes Diageo; BofA lifts Man

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
13 Mar 2024 13:53

Victoria says little interest from holders hits bond repurchase aim

(Alliance News) - Victoria PLC on Wednesday said it seeing signs of flooring demand perking up and explained that it plans to buyback GBP25 million in shares.

Read more
13 Mar 2024 11:58

Victoria sees some positive signs in subdued market

(Sharecast News) - Flooring company Victoria said in a trading update on Wednesday that, despite ongoing challenges in the market, it was seeing signs of improvement in the medium-term macroeconomic outlook, particularly in flooring demand indicators.

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22 Nov 2023 11:41

Victoria reports weaker first half, as expected

(Sharecast News) - Flooring firm Victoria reported a first-half outcome on Wednesday that aligned closely with its expectations.

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22 Nov 2023 10:36

Victoria swings to first half loss but stresses margin improvement

(Alliance News) - Victoria PLC on Wednesday said it swung to a loss in the first half of its financial year, tracking falling revenue, although it stressed it is delivering against its strategy of margin enhancement.

Read more
22 Nov 2023 09:48

LONDON BROKER RATINGS: RBC cuts HSBC; Liberum cuts Glencore

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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6 Nov 2023 15:17

UK shareholder meetings calendar - next 7 days

Tuesday 7 November 
Time Finance PLCAGM
Murray Income Trust PLCAGM
Wednesday 8 November 
Incanthera PLCAGM
JPMorgan Emerging Markets Investment Trust PLCAGM
Thursday 9 November 
D4t4 Solutions PLCGM re name change to Celebrus Technologies PLC
Libertine Holdings PLCAGM
SIMEC Atlantis Energy LtdEGM re appointment of Nexia Singapore PAC as auditors
Friday 10 November 
DFS Furniture PLCAGM
Galliford Try Holdings PLCAGM
Minoan Group PLCAGM
Minoan Group PLCGM re issuing shares
Quartix Technologies PLCAGM
Redrow PLCAGM
Monday 13 November 
Ironveld PLCGM re fundraising
Victoria PLCGM re annual accounts and Grant Thornton UK LLP re-appointment as auditors
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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5 Oct 2023 12:13

Victoria credit ratings reaffirmed by Fitch

(Sharecast News) - Flooring firm Victoria announced on Thursday that Fitch had affirmed its credit rating on the company, verifying the long-term issuer default rating (IDR) at 'BB-' and maintaining a stable outlook.

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5 Oct 2023 10:03

IN BRIEF: Fitch affirms Victoria's credit rating and stable outlook

Victoria PLC - Kidderminster, England-headquartered designer, manufacturer and distributors of flooring - Notes that credit rating agency Fitch Ratings has affirmed its long-term issuer default rating at 'BB-' with a stable outlook. Also affirms its senior secured notes at 'BB+' with a recovery rating of 'RR2'.

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29 Sep 2023 12:21

Victoria says "no wrong-doing" as auditor comment overshadows results

(Alliance News) - Victoria PLC on Friday said there was "no wrong-doing whatsoever" at its Hanover Flooring unit after comments from its auditor marred the firm's annual results.

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29 Sep 2023 11:42

Victoria describes solid year, reassures over accounting concern

(Sharecast News) - Victoria described a year of success in a trading update on Friday, briefly overshadowed by accounting concerns at a small subsidiary.

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29 Sep 2023 08:44

LONDON MARKET OPEN: Stocks rise as UK recession looks "unlikely"

(Alliance News) - Stock prices in London opened higher on Friday as fresh data painted a slightly brighter picture for the UK economy.

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