MIDAS SHARE TIPS UPDATE: Carpet chief buys up rivals for wall to wall wealth



Like Harpin, Victoria chairman Geoff Wilding has a vested interest in delivering returns for shareholders. He owns a £220 million stake in the carpet manufacturer – representing 23 per cent of the firm.
To date, Wilding’s commitment to generating wealth for investors has been pretty faultless. Midas recommended the shares in March 2016, when they were the equivalent of 275½p. By March this year, they had risen to 438½p and they have since almost doubled to 835p.
Wilding’s strategy seems relatively simple – buy small carpet makers, integrate them into the company and drive down costs as a... read more

 
26 November 2017 in Business, Views: 55
Source: Daily Mail
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