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Victoria – argues positive, but how ‘temporary’ can raw material price increase absorption & lower margin product focus really be?

By Steve Moore | Monday 18 February 2019

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.

Floorcoverings company Victoria (VCP) has updated including “introduction of lower margin, volume products” and “temporarily absorbed, rather than passed on, substantial increases in underlay raw material prices”, though argues “the board looks forward to a successful 2020 financial year”. Hmmm…

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