Posts in LSE:VCP

Victoria completes Ceramiche Serra acquisition

Victoria has completed the acquisition of Italian ceramic flooring manufacturer Ceramiche Serra for up to €56.5m (£50.0m).

Of that sum, €36.5m was paid in cash on completion. The balance of up to €20.0m remains payable over the next four years, subject to the business meeting annual profit targets.

At 9:47am: (LON:VCP) Victoria PLC share price was +18.5p at 823.5p

Broker Forecast - finnCap issues a broker note on Victoria PLC

finnCap today reaffirms its buy investment rating on Victoria PLC (LON:VCP) and set its price target at 925p.

Broker Forecast - Berenberg issues a broker note on Victoria PLC

Berenberg today reaffirms its buy investment rating on Victoria PLC (LON:VCP) and raised its price target to 950p (from 800p).

Victoria acquires European floor and tiles manufacturer

Victoria, the international designer, manufacturer and distributor of floor coverings, has entered into an agreement to acquire Keraben, a European manufacturer of branded floor and wall ceramic tiles, for €274.1 million (£246.5 million).

The consideration is payable in cash and will be satisfied in part through a placing of 22,988,506 new ordinary shares at a price of 783p per share to raise gross proceeds of approximately £180 million.

The acquisition is expected to be significantly accretive to earnings per share for Victoria shareholders in the first full year of ownersh

Victoria responds to speculation over potential acquisition

Victoria said it has noted press speculation surrounding the potential sale of Keraben Grupo, S.A.

The Board has previously said that it is part of its growth strategy to make highly selective acquisitions and therefore it is frequently in discussions with a number of parties, adding that it is evaluating a number of opportunities including this one.

At 1:16pm: (LON:VCP) Victoria PLC share price was +4p at 754p

A 15-bagger growth stock that could have a lot more to give

I bet you wish you'd bought shares in Victoria (LSE:VCP) five years ago. I know I do, because those investors who did are now sitting on a cool 15-bagger -- and you don't need many of those to build up the cash.

Victoria designs, manufactures and distributes innovative flooring, and I see a good investment lesson there -- while many folk try to identify the next hot technological or business development when looking for growth shares, there are plenty more seemingly mundane opportunities right beneath our feet (literally, in this case).

Victoria acquires Ceramiche Serra for up to €56.5m

Victoria has agreed to acquire Italian ceramic flooring manufacturer Ceramiche Serra for up to €56.5m (£50.4m).

The deal will be funded from cash reserves and existing debt facilities, Victoria said.

Broker Forecast - finnCap issues a broker note on Victoria PLC

finnCap today reaffirms its corporate investment rating on Victoria PLC (LON:VCP) and raised its price target to 750p (from 530p).

Victoria shareholders pass all resolutions at AGM

Victoria has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting.

At 2:14pm: (LON:VCP) Victoria PLC share price was +18p at 635p

2 under-the-radar growth stocks I’d buy today

Finding shares which have a mix of high growth potential and low valuations can be challenging. That's especially the case when the FTSE 100 has experienced a bull run in recent years, since some stocks may now appear to be somewhat overvalued. However, it is still possible to find strong value opportunities among large, mid- and small-cap stocks. Here are two prime examples which seem to be undervalued based on their outlooks.