Updates

Victoria

September 2017

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 reported its 2017 results with sales up a third to £330m. As always it’s tricky to see underlying progress with growth driven primarily by the acquisitions in the prior year. There were also four further deals in the year (moving it to hard flooring and astroturf), which as always were all-cash deals leaving net debt at <2x ebitda.The latest four deals contributed £12m sales and excluding this, organic sales are estimated by one broker to be +4.6%. Stripping out non-underlying and exceptional items of £10.4m, adjusted pretax profit grew by 61% to £29.4m. Group gross margins fell marginally by 0.1% to 33.2% due to mix. In March, Philippe Hamers joined as CEO from ...

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Victoria (January 2024)

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Victoria (November 2022)

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

Victoria (May 2022)

Victoria (December 2021)

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Victoria (August 2021)

Victoria (July 2021)

Victoria (June 2021)

Victoria (April 2021)

Victoria - Reports best ever Q3 (February 2021)

Victoria - Tremendous acquisition opportunities (December 2020)

Victoria (June 2019)

Victoria (January 2018)

Victoria (December 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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