Victoria Carpets

cawkwell2
11 minutes ago
1 min read

About ten years ago I took it upon myself to claim in public that Victoria (VCP) was very materially overvalued. The result was that my then employer had to settle the threat of a defamation action. I was disappointed but sympathetic towards the employer's position.

However, this morning's announcement that new shares are being issued at 5p or about one hundredth of where VCP stood ten years ago is some sort of vindication. The bossman, a Mr Wilding, had and probably still has a boat called Resilience. Gravity is hard to resist.

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