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Coronavirus impact: 23 Oct - what’s Victoria’s Chairman up to now?

23/10/2020 · ITM Power PLC (ITM)  · Nexus Infrastructure PLC (NEXS)  · Nucleus Financial Group PLC (NUC)  · Victoria (VCP) 

AIM Coronavirus UK

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Better known for its innovative flooring and carpets, this Kidderminster based flooring group is gaining a reputation for financial innovation as well


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…

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