Updates

Victoria

May 2022

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.

Victoria has said that it expects results for the year to 2 April to beat market expectations. It now expects to report sales of £970m (FY21: £662.3m) and EBITDA >£155m, an EBITDA margin of 16%. The margin is down on the 19% in FY21 mainly due to the inclusion of the Californian flooring distributor, Kali, which was acquired last year and is lower margin. That business, says chairman Geoff Wilding, continues to go like the clappers. Sure, there is some cost price inflation but this is being managed with price increases and Wilding says there has been no let up in demand and tells me “March was a record month.” At the same time the commercial sector has also come back with a bang as cruise ships, hotels, airlines and offices etc resume ...

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

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Victoria (August 2021)

Victoria (July 2021)

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Victoria (April 2021)

Victoria - Reports best ever Q3 (February 2021)

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Victoria (September 2017)

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Victoria - 5-way share split (October 2016)

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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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Victoria PLC is a leading designer, manufacturer and distributor of innovative flooring products. The Group has operations in the UK, Europe and Australia, employing approximately 2,600 people across more than 20 sites.