Added to YB: 2024-10-04
Pitch date: 2024-10-02
VCP.L [bearish]
Victoria PLC
+72.54%
current return
Author Info
Company Info
Victoria PLC designs, manufactures, and distributes flooring products primarily in the United Kingdom, Italy, Belgium, Spain, Australia, the Netherlands, Turkey, France, Ireland, Portugal, and the United States.
Market Cap
GBP 83.3M
Pitch Price
GBP 1.30
Price Target
N/A
Dividend
N/A
EV/EBITDA
41.94
P/E
-0.36
EV/Sales
1.00
Sector
Household Durables
Category
turnaround
UK Short Rattle Bag: $VCP
VCP.L: Struggling flooring co. Auditor concerns, rising debt (£945.4m), factoring up, Koch pref shares compounding. CEO removed from Hanover directorship. Spruce House reduced stake. Unsustainable debt, 2026 refinancing risk. Accounting issues: factoring, overdrafts, negative FCF, high receivable days. Cash flow concerns. Potential cash raise needed.
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