Victoria: what’s the Chairman up to now?
AIM quoted flooring and carpet manufacturer Victoria (LON:VCP) appears to be up its old financial engineering tricks.
First came news of a proposed £175m investment by Koch Industries in the Group to support “potentially exceptional acquisition possibilities”, this through a new issue of costly Convertible Preferred Shares. Now, bizarrely, comes news of a proposed share buy back.
We struggle to understand why on the one hand this heavily indebted…
Sign up and read the full article
Register to continue reading our content.
Get FREE access now
Already a member? Login
Previous article
Next article
More on ITM Power PLC
27/10/2022 · Company Insights
The stock market is currently displaying little patience for missteps and even mildly disappointing trading updates…
10/06/2022 · Company Insights
Results and updates covered here include those of a highly rated hydrogen energy group where sales…
More on Nexus Infrastructure PLC
18/05/2023 · Company Insights
Results and updates covered here include news of big contract win for one small AIM company…
06/02/2023 · Company Insights
News and updates covered here include a questionable justification for the sale of two fast-growing companies…
More on Nucleus Financial Group PLC
09/02/2021 · Company Insights
A specialist engineering group covered here has secured a new contract for hydrogen storage. With significant…
23/10/2020 · Company Insights
Better known for its innovative flooring and carpets, this Kidderminster based flooring group is gaining a…
More on Victoria
28/11/2024 · Company Insights
News covered here includes our assessment of interim results from flooring specialists Victoria; we question whether…
20/11/2024 · Company Insights
A software provider whose results we assess here continues to recover from the consequences of a…
More Company Insights
A struggling retailer issues a big profit warning
Another positive trading update but valuation remains modest
A corporate undertaker is reluctant to provide key information
More on ITM Power PLC
More on Nexus Infrastructure PLC
More on Nucleus Financial Group PLC
More on Victoria
More Company Insights