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Stevie wonder must be the captain.
Any one know what is going on with the buybacks ?? bond holders dropped anchor??
Shorts are closing
Management are supposedly buying (maybe they have run out of ££££) has wilding and co spent everything on vanity projects ? Where are the saving we have been promised time and again ?
Yet! The sp is tanking if we breach 150p next week the shorts will close and I expect Koch will be in for some preferential treatment on the debt or is it equity? Who knows?
Maybe we will get someone coming along to do a takeover Mohawk ?
Agreed ! Although I have check it’s £25 million looks like the FD put the breaks on the buyback. Would have been embarrassing for him if the cheque bounced. Something is seriously wrong here.
Was it an announcement for 25 million shares or £25 million ? ?? -
Looks like there may be a turning point in the economy. However, this does not detract from the company’s share buybacks stopping for no apparent reason. This must mean they have used the available cash .
Can anyone else shed any colour ?
Not sure where you are looking for your information Mohawk are over 50% up over past six month on their sp.
However I do agree with your assumption around pick up in demand vcp are best placed to make hay when the sun shines. Headlam look rudderless likewise are top heavy.
This has not traded like this for a while. Can only be the shorts closing positions.imho
So far vcp has purchased 1.481 million shares at a cost of around £3.7 million. That leaves them able to purchase around 5million shares. The two short funds have to purchase around 2million shares . In a very tight illiquid share it will be very interesting!!!!! SHORT SQUEEZE ouch
It appears things are heading in the right direction. All the synergy costs have been vested now the cost savings should be seen. However this will be tempered somewhat by the difficult backdrop.
Vcp is well positioned to take advantage of the uptick once it arrives after the election.
Short term positive momentum from buybacks and don’t forget the shorts have to buy back at least two million shares in a tight market. Once we we break past the 275 resistance level we could see a breakout past 300 next week. Happy Easter- bunnies
I for one have closed my short in good time. If the company keeps buying back into treasury then the bigger short funds will be struggling to find enough shares my calculation is around 1.8million shares to find not so easy if vcp keep buying - the question is what level will they be tapering off buybacks ????
Would you carry on paying staff you didn’t require ?
Looks like management has got captain geoff out of trouble. As ever dyor I will be closing my position shortly.
Looks to have turned a corner
Free fall !!!!!!!!!
Get out while you can
I wouldn’t say the results were to be expected. Management has taken no pre-emptive actions to mitigate a reduction in revenue. Instead they are touting loss making market share gains scs and tapi to name a few. This has caused their core retail market to find alternative suppliers.
This company is the same as Victoria plc clueless .
Wilding & co not buying any shares even at these lows is indicative at the lack in confidence they have in the business. He sold out @£8.50 !!!! Rudderless clueless. Headlams results today mean only one thing for vcp a total wipeout for shareholders . Dyor get out while you can.
New lows being tested - another qualification on the horizon??? only route out of this debt spiral is a cash injection from the beleaguered shareholders. Get out while you can. Wilding & co out of ideas and out of luck.
Three months on and we are still waiting for a replacement for the last board member to walk the plank. Mr wilding none of your cronies willing to hold the poison chalice?
Mark my words Dilution on the cards -dyor
The quickest way to double your money is fold it in half and put it back in your pocket
Or wait for the next audit report if you shorted these shares
Next resistance 2.20