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Victoria - Eps forecasts upgraded to 80.1p and 105.5p

April 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • VCP
  • Price:
  • 1513p
Victoria shot to an all time high after saying that pretax profit before exceptionals for the year ending 2 April will be “materially ahead” of consensus. Operational synergies are running ahead of expectation and will lead to higher gross margins whilst Victoria also expects to report a material reduction in debt.  Separately, following a leak in a Belgian paper, Victoria has confirmed it is in talks to acquire Lano, a European carpet manufacturer.In the light of the statement, Cantor Fitzgerald has upgraded to eps of 80.1p for the year about to end and 105.5p next. Await developments. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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