Member Info for Jxp101

@ Mary - correct, the outcome of the Deloitte review will be in the year end results announcement. People clutching on straws here thinking it will come before Xmas are asking for too much. Fact remains that KPMG won't sign off the year end accounts without Deloitte completing their consultancy piece.

I aso don't think the outcome will be as bad as has been priced for WG. But as many have said it can go either way from here.

The thing also is that these big ii's don't have time to wait for a turnaround story. So sometimes they dump. Even in management's last update the short / medium term prospects are not the best - they've stated this and are addressing it. Sometimes ii's don't have time to wait. The CEO and MD purchases confirm that the future is good. In the case of the MD he was running a flooring business so knows that the market is down. I would love a takeover bid to land just to spike the price even if it got rejected - the SP would fire. The likes of Mohawk are definitely looking at VCP as a takeover target. This is simple 'Game Theory' in play.

Well done good investigative work!

TR-1 tomorrow should reveal.

I think Geoff Wilding is accumulating

@Money why did it go down from £22?

Yes that's what i think it is. It's a reshuffle. This is a bug takeover target NOW.

Director bought more than his line manager (the CEO) wants not to like about that and at a tune of £2M. Oh why oh why would someone do that if they thought this was a gamble?

I'll say this on repeat because last week people were saying the CEOs purchase of £80k was small. It really wasn't, proportionate to his salary it was a big buy.... But his direct report the Manager Director out did his boss with a £2M buy. Granted he's wealthier than the CEO but being the Managing Director of the underlay business he must know a thing or two more so than those that keep posting things here including myself!

Thanks. We all know this. VCP is not a LTH. It's a going concern risk....but money to be made here still.

There will be more interesting positions taken on IAG once we pass £3's. The buy back will help this over £3's from then onwards. I also think we may see more buy backs next year to si £4-5 in 2025.

Next weeks Santa Rally will push this to £3 finally.

An insider has bought more shares than anyone that posts on this BB.

We don't need numbers....an insider has bought £2M that's all the information you need to buy or not buy.

I think there is every possibility st these prices one of the big boys will launch a takeover bid. Obviously due diligence would follow but at this market cap and you compare it to potential suitors, this is just a few of them:

- Mowhawk $9.1bn

- Shaw Industries (owned by Berkshire Hathway) $986bn

- Interface inc $1.5bn

I wouldn't be surprised if we an offer. Obviously it won't help people who bought in the 300p-700p range but every possibility something will brew in the background. Furthermore the large buys from insiders will stoke the fire. The MD who loaded up bought more than the CEO (£80k) and would also have needed the CEO's approval internally to make that kind of purchase for legal and compliance reasons. Fact is his own line manager (the CEO) would have had some sort of discussion with the MD around why he's using £2M of his money to make a purchase. The MD is far wealthier than the CEO because he sold his own company to VCP in 2016.

This will be an interesting few weeks where, so far:

1. Insiders buying

2. Big ii's still not sold

3. Low prices - high takeover possibilities / offers

Mohawk will know this is in bargain territory especially if Mohawk has excess capital. The debt side of things don't look good here and the auditor's staying Going Concern is a significant risk in the accounts lays bare the long term reality. But at these prices it's too cheap

What are people's thoughts on this being a takeover opportunity for a bigger player? £60M market cap today vs. £360M a year ago. Just tangible assets alone would be worth £60M for VCP.

The MD bought more than the CEO. Expecting CFO, CEO etc to all start buying more.

Https://tipranks.onelink.me/WJho/gzcivlkf

The point here is that Saqib sold Ezi floor to VCP in 2016. For £16M. Then became MD of Ezi and has now dipped in with a sizeable insider purchase. I think others will follow suit soon. If the MD is parting with that much money on VCP with no upside, also an MD with numbers before him in BoD meetings etc

Saqib Karim

''Their manager is Philippe Hamers, CEO. They work with Jan Debrouwere - MD, Victoria Carpets UK, Phil Smith - MD, Victoria Carpets Australia, and José Luis Lanuza Quilez - MD, Victoria Ceramics Spain.