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Ian Pollard Victoria Plc (VCP) Politely Invites Shareholders To Take A Walk
Victoria plc VCP decided to take advantage of difficult market conditions to pursue market share. The Board now recognises this impacted earnings this year and has unsettled some shareholders. It believes however that the strategy is in the best long-term interests of the Group and its shareholders and appears in effect to have told the shareholders to take a walk and has continued with the strategy. The Board believes markets are down 6-8% in the UK and Australia and flat in Europe but the Group has continued to grow overall like-for-like revenues and gained meaningful market share. The Group expects that the current-year to March 2019 EBITDA is likely to be £95m-£97 million a rise of nearly 50% over the year to March 2018 and the Group’s 2019 underlying pre-tax profits are expected to be around around 35-39% higher than 2018.
Reckitt Benckiser Gp plc RB claims that 2018 was a year of good financial progress, achieved in an environment of challenging market conditions. Pro-forma and LFL growth came in at 3%. plus 2% from volume and +1% from price / mix.The final dividend is being being increased to 100.2p, a rise of 3% and like for like net growth is targeted at 3.4% for 2019. The CEO says that the company is well positioned for long term, sustainable growth.
Angling Direct plc ANG expects to report revenue of £42.0 million,an increase of 38.9% for the 12 months to the 31st January compared to the same period in the previous year.In store sales showed an increase of 50% overall or 6.2% on a like for like basis. whilst online sales grew by 30.3%. International sales surged by 98% to £4.66m and now account for 20.9% of the Group’s online sales. with shipments going to 49 different countries, this success has delighted the board. The business has also now been structured in readiness for Brexit
Xpediator plc XPD confirms that it has achieved its growth objectives and recorded significant increases in sales and profits for the twelve months to 31 December 2018. Total revenues increased by 54% Import Services Logistics and Anglia Forwarding, both of which were acquired during 2018, contributed an additional 18% in revenue and added over 400 new customers. The Company’s Brexit team has been working closely with leading transport associations and port authorities to plan ahead. and will be able to support both exporters and importers post Brexit.
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David Paul of VectorVest discusses Taptica #TAP, Games Workshop #GAW, Volex #VLX, Prudential #PRU & Victoria #VCP on Core Finance TV
Before you can define the trend, you have to define the timeframe; but more important than that are Equity Valuations. On VectorVest, they have 5 different measures. Here David Paul, MD of VectorVest UK, discusses the shortest and longest term measure and how the valuations are useful in trading equities. Over the whole market the long term trend turned down last week, but the short term trend is up.
Stocks covered in this clip include
- Taptica International (TAP.L)
- Games Workshop (GAW.L)
- Volex (VLX.L)
- Prudential (PRU.L)
- Victoria (VCP.L)
Dr David Paul of VectorVest discusses Victoria (VCP), Coats Group (COA), Countryside Props (CSP), Taptica (TAP & Berkeley Grp (BKG) on Core Finance TV.
Hidden Gems! Dr David Paul of VectorVest discusses Victoria (VCP), Coats Group (COA), Countryside Props (CSP), Taptica (TAP & Berkeley Grp (BKG) with Matt Brown on Core Finance TV.
Reiterate buy Victoria (VCP) says VectorVest. The trend continues to be the investor’s friend.
Founded in 1895, Kidderminster based Victoria Plc (VCP.L) engages in the design, manufacture, export, and distribution of carpets and carpet yarns. It offers tufted carpets and Wilton woven products for residential and commercial markets. The company also supplies woven Wilton broadloom carpets and carpet tiles for the corporate / commercial sector, as well as Axminster carpets for hotels, casinos, and cruise liners. In addition, it is involved in importing and distributing wool and natural floor coverings. VCP operates in the UK, Australia, Ireland, and Canada.
FREE! For free VectorVest analysis on any stock, go to this link here
Following a strong set of FY results, on August 31 2017, AIM listed Victoria updated on trading, and the board confirmed it had continued to make “good progress” in its key UK, European and Australian markets, and was on track to meet “all objectives” for the current financial year. “In addition to organic growth, the group continues to work on further acquisitions – in particular in Europe – and there is no shortage of high quality opportunities,” the board said in its statement. “With a strong platform for growth in place the board continues to remain confident for the future and committed to delivering returns for shareholders.” Interim results are scheduled for November 2017.
VectorVest first reported on the potential at VCP in Sept 2016, following which the stock continued to outperform, flagging up further opportunities in April and September 2017. Once again today, the stock ticks all the boxes, demonstrating continued strong earnings growth; the GRT – Earnings Growth Rate, (reflecting one to three year forecasted earnings growth in percent per year) still records a rate of 26% for VCP, which VectorVest considers to be excellent. VCP also scores excellent ratings on RV (Relative Value) and RT (Relative Timing) metrics, and a ‘very good’ rating on RS (Relative Safety) metric, up from a ‘fair’ rating in April. Finally VCP’s valuation has again increased to 736p, and still offers investors some upside at the current 675p.
The chart of VCP is shown above in my normal format. Earnings per share (EPS) is growing strongly. On cue the share has broken upwards on the 4th attempt and looks bound much higher over the next few weeks.
Summary: This quality company clearly illustrates how the criteria identified by the VectorVest stock analysis and portfolio management system this time last year has materialised into a solid year of growth and stellar returns for shareholders. With VCP, the trend continues to be the investor’s friend, and VectorVest believes there is every reason to continue buying the shares in the run up to the November interims. Keep buying.
Dr David Paul
October 18 2017
Readers can examine trading opportunities on VCP and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 5-week trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.
FREE! For free VectorVest analysis on any stock, go to this link here
VectorVest Unisearch
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
Link here for more info and to set up a trial.
European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com
Reiterate buy Victoria (VCP) says VectorVest. After a stellar year it could be Groundhog Day once again?
Founded in 1895, Kidderminster based Victoria Plc (VCP.L) engages in the design, manufacture, export, and distribution of carpets and carpet yarns. It offers tufted carpets and Wilton woven products for residential and commercial markets. The company also supplies woven Wilton broadloom carpets and carpet tiles for the corporate / commercial sector, as well as Axminster carpets for hotels, casinos, and cruise liners. In addition, it is involved in importing and distributing wool and natural floor coverings. VCP operates in the UK, Australia, Ireland, and Canada.
FREE! For free VectorVest analysis on any stock, go to this link here
Following a strong set of FY results, on August 31 2017, AIM listed Victoria updated on trading, and the board confirmed it had continued to make “good progress” in its key UK, European and Australian markets, and was on track to meet “all objectives” for the current financial year. “In addition to organic growth, the group continues to work on further acquisitions – in particular in Europe – and there is no shortage of high quality opportunities,” the board said in its statement. “With a strong platform for growth in place the board continues to remain confident for the future and committed to delivering returns for shareholders.” Interim results are scheduled for November 2017.
VectorVest first reported on the potential at VCP in Sept 2016, and then again on April 5 2017, where we noted strong earnings growth and generally unfulfilled potential. In April we flagged a value of 689p, and although the stock dipped briefly in line with market after that, it bounced back strongly to record a year high of 647p following the results. Despite this performance, the GRT – Earnings Growth Rate, (reflecting one to three year forecasted earnings growth in percent per year) still records a rate of 28% for VCP, which VectorVest considers to be excellent. Added to this the RT (Relative Safety) metric, which in April only rated VCP as fair, has dramatically improved, with a rating of 1.37, which is very good on a scale of 0.00 to 2.00. Finally VCP’s valuation has increased to 729p, which means at the current 625.50p per share, the stock is once again undervalued.
The chart of VCP is shown above using my normal notation showing clearly a strong bull trend of rising price bottoms over the past year. The resilience shown in the face of a very negative few days trading on the overall market from the 4th to the 8thSeptember is also a bullish sign. Of note is the fact that in the last pullback, in the first weeks of August 2017, the share refused to go back and kiss the last major old high. This is the definition of a strong trend as defined by Charles Dow over 100 years ago. The trend looks set to continue as the overall market hopefully shrugs off its summer sleep.
Summary: Groundhog day for VCP? As we once again look at this quality company, we can see how the criteria identified by the VectorVest stock analysis and portfolio management system this time last year has materialised into a solid year of growth and a doubling in the share price. We fully expect this to continue, as the excellent visibility provided in the August trading statement and bullish charting signals indicate the VCP growth story is set to continue.
Dr David Paul
September 12 2017
Readers can examine trading opportunities on VCP and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 5-week trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.
FREE! For free VectorVest analysis on any stock, go to this link here
VectorVest Unisearch
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
Link here for more info and to set up a trial.
European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com
Domino’s Claims Record Progress
Domino’s Pizza DOM The half year to the 25th June was another good period with record progress in the UK, despite the UK consumer having become more cautious about the economic climate. Underlying profit before tax rise by 9.1% with basic earnings per share up by 9.9% and the interim dividend increased by by 7.1% to 3.75p. 90 openings are expected during the year. Net debt rose nearly six fold from 10.9m to 61m
Croda International CRDA is increasing its interim dividend for the six months to 30th June by 6.9% after a rise in sales of 16.2%, driven by continued organic growth across all core business sectors and maintained margins. On a constant currency basis the rise was 3.8%. Adjusted profit before tax rose by 14.3% (4.4% on a constant currency basis) and basic earnings per share by 18.2%
Victoria plc VCP Despite another record year which saw profit before tax surge by 102% Victoria has decided that it will again not pay a final dividend, so that it can use the money to reduce debt. During the year to the 1st April four earnings accretive acquisitions were successfully completed leading to a 29% rise in revenue and a 92% rise in basic earnings per share. The company states that shareholders may not truly understand the enormous scope for growth which exists both in the UK and Europe. Victoria intends to take full advantage of this by continuing to make further acquisitions where the price justifies the investment.
PZ Cussons plc PZC produced a solid performance for the year to 31st May with what it describes as a solid set of results. The dividend is to be increased by 2.18% making this the 44th consecutive year on year increase.On a constant currency basis revenue fell by 0.9%, profit before tax rose by 1.7% and adjusted basic earnings per share were down by 2.2%. Despite consumer confidence in most markets remaining fragile, Cuzzons say it is well placed to meet full year expectations.
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Dr David Paul talks VectorVest Composite index, plus AIM stocks BXP, MGNS, DFX, VCP with Jeremy Naylor on IG TV
Dr David Paul discusses the VectorVest Composite index, market timing plus AIM stock picks: Beximco Pharma (BXP), Morgan Sindall (MGNS), Defenx (DFX) and Victoria (VCP) with Jeremy Naylor on IG TV.
Dr David Paul of VectorVest discusses the uptrend in VectorVest Composite UK index on TipTV, plus the early risers portfolio
Dr David Paul, Managing director of VectorVest says the short-term trend and the underlying trends in the ‘VectorVest Composite UK’ index / London market is up, however, caution is advised as more standard indicators like the weekly MACD are suggesting the trend looks matured. “The weekly MACD shows bearish divergence”, says Dr. Paul. Watch the full segment for more info on this week’s VectorVest Early Risers portfolio picks, including Victoria (VCP.L), 3i Group (III.L), Coats (COA.L), Beximco Pharm (BXP.L) & Plus 500 (PLUS.L) & Dr. Paul’s trade of the day
Brand CEO Alan Green discusses Feedback (FDBK) and Victoria (VCP) on the Vox Markets podcast
Brand CEO Alan Green discusses Feedback (FDBK) and Victoria (VCP) with Justin Waite on the Vox Markets podcast. The interview is 27 minutes 57 seconds in.
Buy Victoria (VCP) says VectorVest. Stock remains undervalued as acquisitions continue to fuel growth
Founded in 1895, Kidderminster based Victoria Plc (VCP.L) engages in the design, manufacture, export, and distribution of carpets and carpet yarns. It offers tufted carpets and Wilton woven products for residential and commercial markets. The company also supplies woven Wilton broadloom carpets and carpet tiles for the corporate / commercial sector, as well as Axminster carpets for hotels, casinos, and cruise liners. In addition, it is involved in importing and distributing wool and natural floor coverings. VCP operates in the UK, Australia, Ireland, and Canada.
On Nov 22 2016, VCP reported interim results. Group revenues grew by 45% from £105.6m to £153.4m, while underlying profit before tax substantially increased from £6.4m to £12.3m. The group said the acquisition of Ezi Floor on 30 Sept 2016 for an initial cash consideration of £6.5m and deferred consideration of £6.5m, plus contingent cash consideration of up to a further £6.5m was wholly dependent on improved EBITDA over the next four years. On Dec 14, VCP agreed to acquire the business and assets of Dunlop Flooring, the Australian underlay and hard wood flooring manufacturer and distributor, for a cash consideration of A$34m. On Feb 13 2017, VCP announces the acquisition of Avalon BV and GrassInc. BV, the Netherlands-based designers, producers, and distributers of artificial grass for a total initial cash consideration of €11.2m and deferred consideration of €5.1m to be funded from cash and the Group’s existing bank facilities. Additional contingent cash consideration is payable dependent on certain financial targets being met over the next four years. At the interim results stage Exec Chairman Geoff Wilding, said: “With no shortage of acquisition opportunities in the UK and Europe, the Board is confident it can continue to grow Victoria and create more wealth for shareholders.” Full year results are due in April.
The rate of earnings growth and general potential at VCP was picked up by VectorVest in Sept 2016. The GRT (Earnings Growth Rate), which reflects a company’s one to three year forecasted earnings growth rate in percent per year, flagged a rate of 32% for VCP, which VectorVest considers to be excellent. Although the RT (Relative Safety) metric only rates VCP as fair, the RV (Relative Value) metrics marks out VCP at 1.52, which is excellent on a scale of 0.00 to 2.00. RV is an indicator of long-term price appreciation potential and is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk. Finally Value, the measure of a stock’s current worth, rates VCP at with a current Value of 689p, which means at the current 447.50p per share, the stock is undervalued.
The VCP chart is shown above with the green line study (the VectorVest valuation) above the price showing that the share is much undervalued by the market. Earnings per share (EPS) is shown via the blue line study in the window below the price. This shows EPS rising strongly over the two year period of the chart.
The share has charted a double bottom recently which in its self is positive. The lows of this double bottom are significantly higher than the last swing highs made in January 2017. This phenomenia where the market refuses to fall back to the last swing high was first noted by Charles Dow, some 120 years ago and named by Dow as a marker of a strong trend. Technically this indicates that VCP.L is heading much higher.
Summary: As stated in the interim results last year VCP is clearly making the most of the raft of acquisition opportunities to expand its offering. Given the rate of revenue and profits growth, there is every reason to expect a bumper full year results statement in the coming weeks, and backed by a strong technical picture. The probabilities favour a continuation of this strong trend.
Dr David Paul
April 4 2017
Readers can examine trading opportunities on VCP and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 5-week trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.
FREE! For free VectorVest analysis on any stock, go to this link here
VectorVest Unisearch
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
Link here for more info and to set up a trial.