Updates

Victoria

August 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.

Victoria released FY 21 results with revenues at £662m (+6.6% yoy) and EBITDA 8% ahead at £127.4m. Pretax profit was £50.1m for eps of 28.7p.Victoria reports across three divisions. Chief executive Geoff Wilding says within UK Soft Flooring, revenues in the May-June lockdown were virtually zero but it saw a strong post lockdown recovery. What saved the day was that in 2019 it had already reorganised its logistics and factories and now square meterage is up by half despite having 350 fewer staff versus three years ago. Overall, revenue was broadly flat at £280m but UK EBITDA increased by 19% to £41.3m.Ceramics was a different kettle of fish as Spain and Italy had long lockdowns. The plants s ...

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Kape

Strix

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 (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 (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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