Updates from some bonkers valuations…
Trading updates covered here include those of several small AIM companies whose valuations continue to look ridiculously inflated to us. Thankfully, others look more interesting.
Victoria: revenue growth in this environment beggars beliefVictoria (LON:VCP), the heavily geared floor coverings group , announced that the strong performance seen in the first half-year to 3 October 2020 has continued, with the Group achieving all-time record revenues and operating profits for its third quarter to the end of December. Despite the UK lockdown in November, which is normally the best trading month of the year, revenues were, somewhat miraculously, more than 10% up on the prior year. Management considers that performance was due to three principal organic drivers, namely its geographical diversification, factories remaining open and investment in…