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VID Videndum Plc

280.00
5.00 (1.82%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Videndum Plc VID London Ordinary Share
  Price Change Price Change % Share Price Last Trade
5.00 1.82% 280.00 16:35:02
Open Price Low Price High Price Close Price Previous Close
270.50 270.50 285.00 280.00 275.00
more quote information »
Industry Sector
INDUSTRIAL ENGINEERING

Videndum VID Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
28/02/2023FinalGBP0.2520/04/202321/04/202319/05/2023
11/08/2022InterimGBP0.1522/09/202223/09/202228/10/2022
20/04/2022FinalGBP0.2421/04/202222/04/202220/05/2022
12/08/2021InterimGBP0.1123/09/202124/09/202129/10/2021
25/02/2021FinalGBP0.04522/04/202123/04/202114/05/2021
08/08/2019InterimGBP0.12319/09/201920/09/201918/10/2019

Top Dividend Posts

Top Posts
Posted at 14/3/2024 10:08 by scars
So not much progress here, delayed accounts, no dividend, challenging environment, and slow recovery. At least another year to recovery?
Posted at 12/9/2023 10:42 by philanderer
Morning EI.

I don't think that's too cautious. VID is looking like a lost cause at the moment and still no news of a results update. Very poor indeed.
Posted at 11/9/2023 16:01 by essentialinvestor
Phil, I e-mailed Jupiter to strongly suggest VID is dumped from the RII portfolio,
the e-mail probably not even read!, but wanted to put down in writing my reasons
to exit, if that is possible.

Will shortly see if I'm calling this too cautiously.
Posted at 08/9/2023 14:56 by philanderer
Agree with that.

The dividend will surely be cut and no real surprise if there's a discounted placing or rights issue.
Posted at 08/9/2023 14:24 by scars
The dividend yield is relatively good at these levels and have been consistently high payers, if they can maintain it! The writers strike cannot last for ever and only effects about 20% of income, so there is potential for short term gains at these prices. The more shares they lock away the better if the future concencus forecast are even close.
Posted at 08/9/2023 14:17 by philanderer
FWIW

Not sure if you can read anything into this.

The following holdings have been declared since the 8th august announcement
that VID results would be delayed


8th august The Wellcome Trust Limited 3.4473% to 4.0643%

23rd august Schroders Plc 4.869629% - no notification applicable before this

30th august Alantra EQMC Asset Management 20.01% to 21.17%
Posted at 26/8/2023 00:34 by philanderer
Investors Chronicle:

How the Hollywood strikes affect UK companies

Companies that provide services to the Hollywood studios have seen work dry up as the strikes drag on

++ Videndum and Zoo Digital share prices down by more than half this year

++ Negotiations could happen after Labor Day weekend

The strikes have also disrupted video hardware business Videndum (VID), which has delayed its results because “more time is required to finalise its half-year financial reporting”.

Videndum supplies hardware, such as tripods and lighting, to production companies. Videndum said that financial performance has been impacted by macroeconomic headwinds and “compounded” by the strikes. Broker Shore Capital expects adjusted operating profit for the half year to be just £13mn, down from £30mn last year.
Posted at 08/8/2023 14:23 by philanderer
It'll be interesting to see what they do with the dividend . Maybe go without one for cash preservation purposes ? Just have to wait somewhere between four and seven weeks to find out ;-)
Posted at 03/8/2023 16:53 by philanderer
Seriously dumped today , top faller of FTSE Small Cap..


Videndum Plc (VID) 551.00 -7.24%
Posted at 02/5/2023 17:54 by cfro
Caught that statement late this afternoon, also been watching this fall and fall these last few weeks. That kind of explains it i guess, that plus all the insti's selling as it falls out of the ftse250 index probably hasn't helped.

Weaker economic conditions and the strike obviously having an effect but they do point out some positives like brand new high-tech products which have been well received (growth in the business does very much rely on new product innovation).

Plus this interesting comment:

The Board continues to review options to unlock more shareholder value for our Creative Solutions Division and all options remain on the table.

Maybe a future sale?

I just find it strange that the content creation market is weak as it appears to me that all the various youtubers and influencers are busier than ever. Doesnt make sense.
From a valuation point of view, even factoring in reduced profits this could be now on a single digit pe ratio with a dividend yield of 4 or 5%. Arguably cracking value as this business has traditionally always traded on a pe of at least double.
All that said it is hard to know if this is the bottom and hence a good entry point or there is more to come off yet still..

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