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Victorian Plumbing – interims, but I thought the June last year IPO was ‘an exciting next step on the growth journey’?...

By Steve Moore | Tuesday 17 May 2022

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.

Online bathroom retailer group Victorian Plumbing (VIC) has announced results for its half year ended 31st March with founder and CEO Mark Radcliffe emphasising “relentless focus on investing in quality and innovation has resulted in revenue growing 39% on a two-year basis”. Having only though listed in June last year, what about on a one year basis and what’s the financial impact of its “investing”?...

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