Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVictoria Share News (VCP)

Share Price Information for Victoria (VCP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 173.20
Bid: 170.80
Ask: 176.00
Change: -4.40 (-2.48%)
Spread: 5.20 (3.044%)
Open: 177.00
High: 177.40
Low: 170.00
Prev. Close: 177.60
VCP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Victoria Quarter Earnings Rise, Launches Tender Offer

Tue, 23rd Feb 2021 18:08

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

----------

Victoria PLC - Worcestershire-headquartered flooring firm - Announces tender offer to purchase EUR50 million of senior secured notes due 2024. Also says it intends to offer EUR350 million in senior secured notes due 2026. Says it will use the new cash for general corporate purposes - particularly acquisitions - and the partial refinancing of existing 2024 senior secured notes to further improve the maturity profile of the group's debt. Additionally, highlights higher quarterly earnings with revenue for the third quarter to December-end up 16% year-on-year at around GBP184 million and earnings before interest, tax, depreciation, and amortization at GBP120.0 million.

----------

Sunrise Resources PLC- miner focused on operations in Nevada, US and Western Australia - Says a 500-ton sample of natural pozzolan has been delivered to a large cement and ready-mix company in the US. Adds results from a strength testing of mortar blocks made using a 20% substitution of ordinary Portland cement with natural pozzolan from the 500-ton bulk sample shows mortar strength "well in excess of the requirements of ASTM C618" after just seven days curing. Less positively, due to high demand for perlite, all potential customers are currently focussing on their own production and this has caused delays to Sunrise receiving test results of its own product. Separately, Sunrise says it is progressing with drilling plans at Bakers Gold project in Australia, noting the proposed drill programme will comprise five reverse circulation drill holes between 100 metres and 200 metres deep to test three separate gold targets which include old mine workings, areas of gold nugget production and a gold-in-soil geochemical anomaly.

----------

Serinus Energy PLC - oil company with operations in Romania and Tunisia - Notes flow test results of the Moftinu-1008 well in Romania show the 1,000 metre well flowing 4.0 million standard cubic feet per day, around 667 barrels of oil equivalent per day. Notes the well is now awaiting tie-in as the flowline connecting in to the Moftinu gas plant has been completed and requires final pressure testing.

----------

Bezant Resources PLC - copper-gold exploration and development company - Begins diamond drill testing at its Kalengwa exploration project area in Zambia. Notes the maiden 800 metre programme will test the first two priority exploration targets based on review of extensive historic exploration datasets. Says target Kalengwa SW2 shows strong magnetic and copper geochemical anomalies that straddle the major Kalengwa Lineament structure 2.5 kilometres southwest from a former mine and target Minemba is located on a structural "mirror image" of the Kalengwa mine setting just 4 kilometres distant, with a coincident copper geochemical anomaly. Says it has signed a drill contract and a rig will be mobilised soon.

----------

Greatland Gold PLC - precious and base metals exploration and development in Western Australia and Tasmania - Says initial 2021 work programme for the Juri gold-copper joint venture with Australia-based Newcrest Mining Ltd includes drilling of several targets within the Paterson Range East and Black Hills licences. Adds it has identified multiple additional targets within the Juri JV following analysis of results of a airborne electromagnetic survey and further geological interpretation of regional aeromagnetics. Notes exploration work at the Juri JV is focussed on the discovery of intrusion related gold-copper deposits similar to Havieron, Telfer and Winu.

----------

United Oil & Gas PLC - oil and gas explorer - Says preliminary results form its ASH-3 development well at the Abu Sennan project in Egypt show a maximum rate of 7,720 barrels oil equivalent per day, comprising 6,379 barrels of oil per day and 6.7 million cubic feet per day from the Alam El Bueib reservoir during well-testing

----------

Red Rock Resources PLC- gold explorer in Kenya and Australia, copper-cobalt in DRC - Says mineral resource estimate at Mikei Gold Project in Kenya is 15.13 million tonnes at 1.49 grams per tonne of gold, with contained metal content of 723,000 ounces of gold. "We now have the opportunity to build on this solid base and it is our belief that the potential for expansion at and around Mikei is strong," says Chair Andrew Bell.

----------

Golden Rock Global PLC - special purpose acquisition company eyeing buy in fintech sector - Raises GBP200,000 through the subscription for 3.2 million shares at GBP0.0625 each and will use the capital for "much-needed" additional working capital which will extend the period during which it is able to continue to seek an acquisition. Separately, says non-executive directors Feng Chen and Bin Shi resign effective immediately, but does not give the reason why.

----------

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
19 Oct 2022 11:24

IN BRIEF: Victoria buys US flooring distributor IWT for USD29 million

Victoria PLC - Worcestershire, England-based flooring manufacturer - Buys Florida-based flooring distributor International Wholesale Tile LLC for USD28.5 million. Says the acquisition will be immediately earnings and cash flow accretive.

Read more
17 Oct 2022 10:30

IN BRIEF: Victoria says interim revenue in line with annual guidance

Victoria PLC - Worcestershire, England-based flooring manufacturer - Says it continues to trade well for the six months ended October 1. Says half-year revenue was in excess of GBP700 million, and earnings before interest, tax, depreciation and amortisation were in excess of GBP100 million, in line with consensus market expectations for financial 2023.

Read more
17 Oct 2022 08:08

Victoria H1 revenue and EBITDA in line with expectations

(Sharecast News) - Flooring products manufacturer Victoria continued to trade well in the six months ended 1 October, with interim revenues and underlying earnings in excess of £700.0m and £100.0m, respectively.

Read more
12 Sep 2022 11:03

AIM WINNERS & LOSERS: Kape profit soars; UK Oil & Gas fundraises

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

Read more
9 Sep 2022 08:31

IN BRIEF: Victoria PLC buys back shares with trading as expected

Victoria PLC - Worcestershire, England-based flooring manufacturer - Says it is trading in line with expectations, with revenue, earnings and cash flow all in line with market forecasts. Says it continues to successfully navigate the "current challenging macroeconomic environment" with service improvement, input cost hedging and price increases "where necessary".

Read more
9 Sep 2022 07:45

LONDON BRIEFING: UK watchdog clears LSEG's acquisition of Quantile

(Alliance News) - Stocks were called higher on Friday morning, as the UK mourned the death of the Queen and after a major interest rate hike from the European Central Bank.

Read more
19 Jul 2022 12:16

IN BRIEF: Victoria sees full-year revenue jump but loss widens

Victoria PLC - Worcestershire, England-based flooring manufacturer - Pretax loss widens to GBP12.4 million in the year which ended April 2, from GBP7.5 million the year before, as other operating expenses jump 67% to GBP270.8 million from GBP162.2 million. Revenue rises 54% to GBP1.02 billion from GBP662.3 million. Says it traded strongly in the year, due to an improved market position, improved productivity, weaker competition and a return in commercial demand. Does not declare dividend for financial 2022, unchanged from last year. Warns of inflationary pressures, a higher corporate tax in some jurisdictions, and declining consumer confidence. Remains confident it can create wealth for shareholders.

Read more
19 Jul 2022 09:50

LONDON BROKER RATINGS: Fevertree chopped; Berenberg likes Deliveroo

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

Read more
1 Jun 2022 14:55

EXECUTIVE CHANGES: Xpediator brings on new interim chair and CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Wednesday and not separately reported by Alliance News:

Read more
1 Jun 2022 13:41

Victoria taps Synthomer's Brian Morgan as its new CFO

(Sharecast News) - Flooring company Victoria announced the upcoming departure of its chief financial officer Mike Scott on Wednesday, after more than six years in the post, with his position set to be filled by Synthomer director of group finance Brian Morgan.

Read more
12 Apr 2022 21:28

TRADING UPDATES: Hornby sales rise; Victoria weathers inflation

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

Read more
12 Apr 2022 08:42

Victoria FY underlying profits seen ahead of consensus

(Sharecast News) - Floor coverings retailer Victoria said on Tuesday that revenues and underlying profits for the financial year ended 2 April were both expected to be ahead of consensus market expectations.

Read more
5 Apr 2022 14:19

IN BRIEF: Victoria completes acquisition of Balta's rug divisions

Victoria PLC - Worcestershire, England-based flooring manufacturer - Completes the acquisition of the Rugs and UK Carpet divisions of Sint-Baafs-Vijve, Belgium-based flooring company Balta Group NV. Says the divisions generated total revenue of EUR307.0 million and normalised earnings before interest, tax, depreciation, and amortization of EUR35.5 million in the year to March 31, 2021. Says the acquisition will be immediately earnings-accretive.

Read more
10 Feb 2022 11:31

Victoria production capacity expands after Graniser acquisition approval

(Sharecast News) - Flooring manufacturer and distributor Victoria updated the market on its acquisition of B3 Ceramics Danismanlik on Thursday, which trades as Graniser.

Read more
17 Jan 2022 14:49

IN BRIEF: Victoria completes GBP150 million Koch equity investment

IN BRIEF: Victoria completes GBP150 million Koch equity investment

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.