Victoria (VCP)

Sector:

Household Goods

Index:

FTSE AIM 50

264.50p
   
  • Change Today:
      27.00p
  • 52 Week High: 722.00
  • 52 Week Low: 222.00
  • Currency: UK Pounds
  • Shares Issued: 114.05m
  • Volume: 612,948
  • Market Cap: £301.66m
  • RiskGrade: 228

Victoria acquires US flooring firm Cali Bamboo

By Iain Gilbert

Date: Wednesday 23 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Flooring group Victoria has further expanded its existing North American distribution business with the acquisition of US flooring distributor Cali Bamboo Holdings.
Victoria said on Wednesday that it had paid a total consideration of $76.1m for Cali, funded entirely from cash balances.

The AIM-listed group stated that the integration of Cali with its existing business would create opportunities for value-creating revenue synergies by expanding Victoria's US distribution, where it currently sells around $33.0m of flooring each year.

Victoria also highlighted that "very significantly", the acquisition also grants it access to the intellectual property and online management experience of Cali, which it will leverage to partner with key retailers to accelerate growth in its existing UK, European, and Australasian markets.

The acquisition of Cali was expected to be immediately earnings-accretive.

Chief executive Philippe Hamers said: "Victoria has been successfully selling a significant amount of product into the $29.0bn - and growing - US market for many years.

"The acquisition of Cali represents a step-change for the group presenting both revenue synergies alongside meaningful exposure to the fast-growing online sales channel. We will also be using the knowledge and online systems developed by Cali to partner with our existing key retailers in the UK, Europe, and Australia to accelerate our growth and earnings in these markets."

As of 0930 BST, Victoria shares were up 3.21% at 1,030.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Victoria Market Data

Currency UK Pounds
Share Price 264.50p
Change Today 27.00p
% Change 11.37 %
52 Week High 722.00
52 Week Low 222.00
Volume 612,948
Shares Issued 114.05m
Market Cap £301.66m
RiskGrade 228

Victoria Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.97% below the market average28.97% below the market average28.97% below the market average28.97% below the market average28.97% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Price Trend
81.03% below the market average81.03% below the market average81.03% below the market average81.03% below the market average81.03% below the market average
92% below the sector average92% below the sector average92% below the sector average92% below the sector average92% below the sector average
Income Not Available
Growth
30.40% above the market average30.40% above the market average30.40% above the market average30.40% above the market average30.40% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average

What The Brokers Say

Strong Buy 1
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Victoria Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 13,057 @ 264.50p
16:35 1 @ 264.50p
16:35 160 @ 264.50p
16:35 287 @ 264.50p
16:35 355 @ 264.50p

Victoria Key Personnel

CEO Philippe Hamers
CFO Brian Morgan

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