Venture Life Share Discussion Threads

[smithie6] 01/2/2024 15:19

(I picked up just a few earlier...
...& seeing the spike above 40p I couldn't resist doubling up, ... probably/might fall from the spike now !)

[thedudie] 01/2/2024 15:10

This is in far better shape than it was last year or even the year before and the share-price should eventually reflect that!

Debt dropping fast, sales accelerating and excellent cash conversion.

There looks to be more good news to filter through due to the increase in margin and further listings and launches which occurred late on in 2023. I think 2024 forecasts could well be upgraded through the year.

[qs99] 01/2/2024 15:03

Boom, there we go....

[qs99] 01/2/2024 14:48

40p on the offer, should see the back of it I reckon today, DYOR

[celeritas] 01/2/2024 14:47

Great update.. I've monitored Amazon numbers myself and kept an eye on Gelclair which is growing really well... Onwards and upwards..

[smithie6] 01/2/2024 14:27

..did he warn about AGFX...or he kept singing it's praises?

I had thought it was the second.

[eagle eye] 01/2/2024 13:06

Smithie6,
I'm very happy with all Brummy Git coverage.
Some of his interviews get the alarm bells ringing.
Thanks to his interview last July I sold out of AGFX, so no complaints here.

[blackhorse23] 01/2/2024 12:24

Out with profit & going to reinvest in APH (alliance Pharma )

[rivaldo] 01/2/2024 12:17

Now up over 10% on over 750k shares traded, so hopefully any sellers are being squeezed out.

Cavendish summarise in today's note as follows:

"Delivering organically

Venture Life Group has released a positive trading update, with revenues expected to be in-line with our forecasts at £51m +16% YoY and a c2ppts uplift in EBITDA margin. FY23E revenue growth was delivered completely organically, a first since 2019, in-line with the company’s near-term focus on organic growth. Significantly, cash from operations increased over 70% to c£9.5m (in-line with expectations) supporting our analysis of free cash generation and yield. Cash generation also supported a reduction in group net leverage, which was 1.25x at December 2023 versus 1.65x at the close of 2022. Looking forward, Venture Life aims to build on its momentum through targeted investment in sales and marketing to position the group for sustained future growth and profitability."

And:

"Cash – The group delivered strong cash from operations, generating c£9.5m (Cavendish est. £9.5m), up over 70% YoY. This cash flow has helped further lower group net leverage to 1.25x at year-end 2023 versus 1.65x as of December 2022. The company notes further improvement to c1.1x post period end.

- Operational – Management has seen encouraging sales from newly developed products, noting improved sales volumes supported by price increases through H2/23A, which will clearly be supportive into FY24E. The company’s digital transformation strategy delivered online sales growth +40% to £3.8m for the year (H1/23 £1.6m). Through the year 28 new listings were achieved across UK retailers, which will further support our FY24E revenue growth expectations."

[smithie6] 01/2/2024 11:16

Eagle eye

Ask Brummy Git about how the Vox coverage 'worked' for Argentex !!

;-)

[stemis] 01/2/2024 10:00

You'd have though a P/E of at least 8 on 2023 would be achievable, giving a share price of 43p, rising to 51p if they hit their 2024 numbers...

[qs99] 01/2/2024 08:46

Have bought some more this am.

[eagle eye] 01/2/2024 08:22

Brummy_git,
You have just beaten me to it.
Micro Caps definitely benefit from Vox coverage.
Thank you!

[brummy_git] 01/2/2024 08:17

In this upbeat interview, CEO Jerry Randall of consumer healthcare products firm Venture Life, takes me through today's in line yearend trading update & positive outlook for 2024.

[qs99] 01/2/2024 08:15

Solid update IMO, debt falling very nicely, may be able to see some more M&A therefore over the coming years DYOR..should see back of 40 then 50p IMO

[rimau1] 01/2/2024 08:07

We deserve a relief rally because i was very twitchy prior to this update!

[bagpuss67] 01/2/2024 07:51

Solid. Let's get over 40p for a start

[rimau1] 01/2/2024 07:45

Should be debt free FY24 and generating strong FCF. looking forward to results in April and to see how VLG see themselves evolving organically, room for a small bolt on or two.

[rivaldo] 01/2/2024 07:35

Finncap have reiterated their 68p target price and their forecasts of 5.4p EPS for last year, rising to 6.4p EPS this year.

Net debt is due to fall to a mere £5.3m at the end of this year (from £16.6m at the end of 2022).

Which puts VLG on a current year P/E of just 5.3.

[rivaldo] 01/2/2024 07:20

Excellent - a solid trading update in line with expectations, and with no hiccups whatsoever:

- cash coversion and net debt both improving nicely
- own brands revenues growing well organically and now 59% of total revenues
- margins up and benefit of price increases still to come
- and a strong, confident outlook:

"Benefiting from our robust growth, clear strategic priorities aimed at refining our operation, substantial generation of free cashflow and a strong balance sheet, we are now in a prime position to deliver strong shareholder returns"

Time for a re-rating.

[brummy_git] 01/2/2024 07:19

There's been an 'in line' trading update from consumer healthcare products firm Venture Life today.

All the details here.

[mjneish] 31/1/2024 17:24

I said it, it's the unexpected hanging paradox. :)

[chester9] 31/1/2024 16:55

They indicated January hope this is not bad news being held back. Maybe tomorrow but that's Feb

[deanowls] 31/1/2024 14:51

Maybe celeritas! But every schoolboy knows tomorrow never comes!