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Victoria plc – “Results To Meet Expectations”… Or Not?...

By Steve Moore | Tuesday 7 May 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.

“FY Trading Update: Results To Meet Expectations” announcement commencing “Victoria PLC (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings is pleased to provide the following trading update”. At the company’s prior year-end, the shares were well above 700p and it was “confident it will deliver another year of significant, earnings-accretive growth in the 2018/19 financial year”, with also “geographic and product diversification, coupled with the low operational gearing inherent in the business, reduces the group's overall operational risk”… The shares are now below 550p. Hmmm…

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