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Online bathroom retailer Victorian Plumbing (VIC) has announced results for its year-ended 30th September 2022 emphasising “Results ahead of expectations, with H2 revenue growth as the Group demonstrates continued trading momentum and further market share gains, supported by a robust balance sheet… Board proposes maiden ordinary full year dividend of 1.1p and an additional special dividend of 1.7p”. Good news then?

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Online bathroom retailer Victorian Plumbing (VIC) has issued a trading update for its year ended 30th September headlined “Trading ahead of market expectations” and the shares have currently responded more than 15% higher to above 40p. How creditable ‘ahead of expectations’ is, of course though depends on how challenging the expectations were. So what’s the story here?

NEWSFLOW

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Online bathroom retailer group Victorian Plumbing (VIC) has announced results for its half year ended 31st March with founder and CEO Mark Radcliffe emphasising “relentless focus on investing in quality and innovation has resulted in revenue growing 39% on a two-year basis”. Having only though listed in June last year, what about on a one year basis and what’s the financial impact of its “investing”?...

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Previously writing on online specialist bathroom retailer Victorian Plumbing (VIC), in December with the shares at around 100p I noted ANOTHER warning having only listed in June. AIM IPO roll-call of shame.... The shares last closed at 82p, so what of an AGM trading update today?...

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On 22nd June Victorian Plumbing (VIC) founder and CEO Mark Radcliffe emphasised “our IPO and admission to AIM is an exciting next step on our growth journey”. That followed a £297.5 million placing. An October first trading update though included “more subdued market conditions as lockdown restrictions were eased” and now full-year results...