|The Vitec Group
||EPS - Basic
||Market Cap (m)
Vitec Share Discussion Threads
Showing 201 to 225 of 225 messages
|If the next update confirms recent positive momentum,
that opens up potential for a large multiple re-rating IMV.
The current rating is not a growth company rating, or anywhere near.
A dividend increase of 11% may underline the CEO's confidence, all just IMV only,
please DYOR as always.|
|spooky, if it helps on the recent results presentation VTC mention a
return metric on all acquisitions made since 2011, lots of detail on the
investors site, as you may already be aware.|
|Spooky - not really, at least for the moment.
The restructuring costs were announced in 2015 and should reduce this year.
The acquisition charges are mainly amortisation of goodwill so non-cash charges.
Even including the cash outflow from the restructuring costs, their FCF (pre-tax/interest) is 45mm giving an EV/FCF of 8.7 which is pretty cheap. With 50% of their revenues from North America, that would make them a good target for a US acquirer.|
|FX looks a main medium term headwind imv, GBP oversold v USD/EURO.
However even stripping away all currency considerations, there are some intersting
and very positive developments.
The company appeared to lose it's way a little for a while with the distraction of
Now you have a double benefit of the refocus and multi year efficiency measures
increasingly kicking in, very welcome.|
|WJ - Don't you have any concerns about their persistent use of restructuring costs and charges associated with acquisitions?|
|Added a couple of lots having listened to the conference call
So at last a focus on core and previous restructuring efforts look to be creating an interesting growth play.
Buying distributers in some markets looks astute, hopefully more of this to come.|
|Have held on an off down the years, remember VTC from the mid 90's when it
was a high growth business with a PER to match.|
|The FX benefit is likely to stay unless you think £ will recover strongly against the $.
I always strip out the working capital changes in valuing cashflow. I deduct the 2 year average capex from working capital adjusted cashflow to get free cashflow.
With VCT, that gives FCF of 42mm, and EV/FCF of 9.|
|If you strip out the FX benefit and one off big inventory reduction,
is VTC still that cheap on cashflow?.|
|Also here. Bought back a while ago. Very cheap on a cashflow basis as well as PE. Given their international exposure, wouldn't surprise me if they were bought by a US company.|
|Just cropped up on my quality, value & momentum screen. Looks like a real hidden gem this one. Also reassuring that this board isn't full of idiots!|
|Well cellars it only seems to be ye and me interested! This one probably won't be exciting but I reckon it'll top 800 by results next year. Well run, tightly held, $ earner, growth sector.....|
the dark horse
|Forecast beating results duly delivered|
|Results due Tues 21/2 and already flagged as better than market forecasts - with $ earnings from new acquisition they could be even better ....|
the dark horse
|BB's do not come much quieter than this one!
Today, though, Vitec has made its biggest acquisition since 2011. It looks attractively priced and in a sector Vitec knows very well indeed.|
|Read Arden Partners's note on VITEC GROUP PLC THE (VTC), out this morning, by visiting hxxps://www.research-tree.com/company/GB0009296665
"Standing on a PER under 10x and with a yield of 4.6% we think that Vitec is very attractively valued given its leading positions in growing markets. This valuation probably reflects the market’s concern over growth prospects given the headwinds seen in recent years, particularly from FX and the decline in Photographic markets, and also the “lumpy” nature of the contribution from its service activities, which are heavily influenced by major events such as this year’s Olympics in Rio. We believe that delivery of this year’s pr..."|
|Will it break through previous highs in March now?!|
|Good to see the strong recovery recently|
|Sold out also.....revenue stagnant . To many questions going forward. Focusing on margins but no guidance on growth
Also £9m restructuring cost for transferring work to Costa Rico...
More opportunities elsewhere|
|I sold the few I had this am. Results were fine but they didn't give any outlook apart from the restructuring. I'd guess it's more of the same for this year. Just felt I had better things to do with the funds.|
|Quiet thread indeed, but thought I'd ask if anyone had any thoughts on today's results? I'm not sure what to make of it. Revenue slightly down but profits and eps up on the face of it, although I think they are the adjusted figures. Otherwise both are down?! Dividend has been hiked up nicely though. share price doesn't seem to have reacted either way...|
I tend to see decent falls on no obvious catalyst as a good place to get involved. 591 felt about right. Like the market and the financials. DYOR|
|Why the fall today I wonder?
No obvious catalyst|
|Heavy buying today and no sales according to ADVFN.|
|Can anyone explain the large number of sells of between 35 and 45 shares please?
From a chartist point of view, would now be a good entry point?|