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Victoria shares hit new low of 157p: 2 new concerns

By Tom Winnifrith | Friday 26 July 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I continue to believe that drowning in debt carpets roll up Victoria (VCP) has all the makings of a zero. At 157p the market cap is now sub £180million. Borrowings are more than £1.1 billion and with cash continuing to be guzzled rather than generated I cannot see how it digs itself out of such an enormous hole. Now I flag up two new matters.
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