Updates

Victoria

April 2021

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.

CEO Geoff Wilding was in good cheer when I spoke to him. That day Victoria had tried to get a €250m offer of bonds away (with a 3.625% interest rate and term until 2026) but had received subscriptions for almost €2bn and consequently Wilding increased the size to €500m. The extra raise allows Victoria to retire €250m of earlier/expensive bonds (due in 2024 and interest rate of 5.25%). Overall as well as saving interest, this move raises fire power to €800m-850m. Acquisitions are at a late stage. At an operational level, in the year to end December, Wilding said he expects to report record €120m ebitda despite the fact that the June quarter made virtually nothing due to lockdowns. We mus ...

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Victoria (January 2024)

Victoria - Stockpile of ceramic tiles built (January 2023)

Victoria (November 2022)

Victoria - Eps of 46.3p forecast for next year (August 2022)

Victoria (May 2022)

Victoria (December 2021)

Victoria - Forecasts lifted 12% (November 2021)

Victoria (August 2021)

Victoria (July 2021)

Victoria (June 2021)

Victoria - Reports best ever Q3 (February 2021)

Victoria - Tremendous acquisition opportunities (December 2020)

Victoria (June 2019)

Victoria (January 2018)

Victoria (December 2017)

Victoria (September 2017)

Victoria (March 2017)

Victoria - 5-way share split (October 2016)

Victoria (August 2016)

Victoria (May 2016)

Victoria - Eps forecasts upgraded to 80.1p and 105.5p (April 2016)

Victoria - To double sales within 18 months to US$1bn (March 2016)

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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