UK 06:41 Sunday, 25 October 2026
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Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Of the many odd fish that swim in the murky waters of AIM, they don’t come a lot odder than Victoria PLC (VCP).
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Comments
DUCK AND DIVE
Great story.
Forty Two
Interesting Lucien. “Geoff Wilding Bsc is a former investment banker. He set up his own investment company in New Zealand in 1989”. So was the investment bank A) Goldman Sachs or B) Morgan Stanley or C) None of the above? I thought most ex/fired investment bankers were interested in big data these days so I think the idea of a carpet roll-up was very much out of the box… ; p
wildrides
Bloody hell ………. shareholders let themselves get mugged …………… bet he walks like a carpet carrier too .
Great piece by the way LM
I heard “Thatchers old shag – ready rubbed” Dennis was a patron of the carpets ……… just a rumour mind.
Davecandle
Fascinating – i’m going to enjoy digging around that a bit further as certainly smells a bit peculiar and could be a classic house of cards
He’s obviously made an absolute fortune, and it looks too much instinctively on the face of it, but to be fair if you were a shareholder kicking around at £2 for ages and you’ve since had a return of £3 and sitting on shares worth 6x as much as you put in, you wouldn’t be complaining that much!
Need to do some detailed calculations to take placings and special returns into account but looks like he’s created a well over a hundred million of value for shareholders – it’s just that he’s helped himself to most of it!
Jeremy
Whilst difficult to value Victoria is certainly not a “Concha”;as well as its existing business it has bought a number of established profitable businesses.Turnover is probably running at £250m+,much of it manufacturing and profits of perhaps £12.5m before tax per annum.A higher margin may be attainable going forward.
AIM and many other smallcap shares outside the resource sector tend to be thinly traded & often tightly held particularly those that have been stock market listed for donkeys years.This was certainly true of Victoria,previously main market listed I think in the past;lots of members of the Anton family seemed to hold stakes……