Home » VectorVest » Reiterate buy Victoria (VCP) says VectorVest. The trend continues to be the investor’s friend.

Reiterate buy Victoria (VCP) says VectorVest. The trend continues to be the investor’s friend.

Founded in 1895, Kidderminster based Victoria Plc (VCP.L) engages in the design, manufacture, export, and distribution of carpets and carpet yarns. It offers tufted carpets and Wilton woven products for residential and commercial markets. The company also supplies woven Wilton broadloom carpets and carpet tiles for the corporate / commercial sector, as well as Axminster carpets for hotels, casinos, and cruise liners. In addition, it is involved in importing and distributing wool and natural floor coverings. VCP operates in the UK, Australia, Ireland, and Canada.

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Following a strong set of FY results, on August 31 2017, AIM listed Victoria updated on trading, and the board confirmed it had continued to make “good progress” in its key UK, European and Australian markets, and was on track to meet “all objectives” for the current financial year. “In addition to organic growth, the group continues to work on further acquisitions – in particular in Europe – and there is no shortage of high quality opportunities,” the board said in its statement. “With a strong platform for growth in place the board continues to remain confident for the future and committed to delivering returns for shareholders.” Interim results are scheduled for November 2017.

VectorVest first reported on the potential at VCP in Sept 2016, following which the stock continued to outperform, flagging up further opportunities in April and September 2017. Once again today, the stock ticks all the boxes, demonstrating continued strong earnings growth; the GRT – Earnings Growth Rate, (reflecting one to three year forecasted earnings growth in percent per year) still records a rate of 26% for VCP, which VectorVest considers to be excellent. VCP also scores excellent ratings on RV (Relative Value) and RT (Relative Timing) metrics, and a ‘very good’ rating on RS (Relative Safety) metric, up from a ‘fair’ rating in April. Finally VCP’s valuation has again increased to 736p, and still offers investors some upside at the current 675p.

The chart of VCP is shown above in my normal format. Earnings per share (EPS) is growing strongly. On cue the share has broken upwards on the 4th attempt and looks bound much higher over the next few weeks.

Summary: This quality company clearly illustrates how the criteria identified by the VectorVest stock analysis and portfolio management system this time last year has materialised into a solid year of growth and stellar returns for shareholders. With VCP, the trend continues to be the investor’s friend, and VectorVest believes there is every reason to continue buying the shares in the run up to the November interims. Keep buying.

Dr David Paul

October 18 2017

Readers can examine trading opportunities on VCP and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 5-week trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.

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