This report is an updated version of the report published on 17 November 2023 at 07:33 AM GMT.

Victorian Plumbing Group PLC

Victorian Plumbing Group PLC (LSE: VIC) stands as an online retailer in the UK specializing in bathroom essentials, with an extensive inventory of over 24,000 items tailored for both individual consumers and trade clientele. Their selection covers more than 125 brands, including their own and third-party options, spanning various price ranges, ensuring a holistic bathroom shopping experience. The company's prowess in product design and supply chain management is amplified by their marketing approach, heavily focused on online platforms. This emphasis on digital channels has been instrumental in consistently driving substantial and increasing traffic to their website.

On 22 November 2023, VIC will release FY23 results.

Section 1.0: Key Metrics in Pictures

Section 2.0: Victorian Plumbing Group PLC (LSE: VIC) (Speculative Buy at GBX 74.50, closing price on 16 November 2023)

2.2 Valuation and Technical Guidance

The stock has witnessed a decrease of ~4.02% in the three months. The stock has a 52-week high and 52-week low of GBX 95.12 and GBX 54.62, respectively, and is currently trading lower than the average of 52-week high-low average.

Please note markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 16 November 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.