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Victoria and the share buyback – kicking a man when he is down

By Tom Winnifrith | Tuesday 30 April 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.


Shares in the financial engineering carpets roll-up Victoria (VCP) were north of £5 the last time the board said that they were monstrously undervalued and started a major buyback. Wind forward to later last year and the same message came out with the shares south of £3. Now, with millions spaffed on buying “cheap” shares, they now trade at near multi-year lows below 200p.
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