Victoria

Abcam to Delist from AIM and Victoria Webinar

The views expressed in this article are those of its author and don't necessarily reflect those of ShareSoc. Abcam Delisting from AIM Biotechnology company Abcam (ABC) is one of the largest AIM listed companies (market cap £2.7 billion). Yesterday (20/7/2022) they included in a trading update a statement that they are planning to cancel the admission of their shares on AIM. They previously moved to list their shares also on Nasdaq so they are currently dual-listed. This means they have already lost the ...

Victoria and Downing One VCT Annual Reports, and Rio Tinto Mea Culpa

With it being all quiet on the financial front, with a lot of people on holiday, I had the time to read a couple of Annual Reports over the weekend. First came Victoria (VCP), a producer of flooring products (carpets and tiles) in which I have a relatively small holding. Chairman Geoff Wilding always has some interesting things to say and their Annual Report is an exemplary model of shareholder enlightenment. He commences with this statement: “There is an old Yiddish adage ...

De La Rue, Excessive Debt, Victoria and Link’s Debt Monitor

Link Asset Services have issued a note pointing out that De La Rue (DLAR) has net debt that now exceeds its market cap. The high debt in the company...

Victoria AGM, Dunelm Results and Brexit Impacts

I attended the Annual General Meeting of Victoria (VCP) in central London yesterday. I have held a few shares in this producer of carpets and tiles since the revolution...

Kentz, Victoria, AstraZeneca, and SSE

A number of companies on which ShareSoc has commented recently were in the news today (23/6/2014) or over the preceding weekend. Let's cover each in turn: Kentz Kentz received a cash offer for the company of 935p from SNC-Lavalin this morning. That's a premium of 33% to the recent share price. With such a premium and the stated support for the offer from the directors, it looks likely to succeed.  This will avoid the directors of Kentz having to deal with the ...

Victoria AGM Report Summary – Chickens home to roost

After last year’s battles for control of this company, yesterday’s Annual General Meeting was a tepid affair (see past ShareSoc press releases and AGM Forum  reports for more information on the past fights). Apart from the depressed state of the retail carpet sector, the wholly unnecessary exceptional costs incurred in that battle, and the subsequent restructuring of the business (which was long overdue in my opinion) resulted in an overall loss of £2.7m for the year ending March 2013. Revenue fell from ...