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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Videndum Plc | VID | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.40 | 0.46% | 87.50 | 09:03:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 87.50 | 87.50 | 87.50 | 87.10 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 28/02/2023 | Final | GBP | 0.25 | 20/04/2023 | 21/04/2023 | 19/05/2023 |
| 11/08/2022 | Interim | GBP | 0.15 | 22/09/2022 | 23/09/2022 | 28/10/2022 |
| 20/04/2022 | Final | GBP | 0.24 | 21/04/2022 | 22/04/2022 | 20/05/2022 |
| 12/08/2021 | Interim | GBP | 0.11 | 23/09/2021 | 24/09/2021 | 29/10/2021 |
| 25/02/2021 | Final | GBP | 0.045 | 22/04/2021 | 23/04/2021 | 14/05/2021 |
| Top Posts |
|---|
Posted at 24/2/2025 11:00 by martinmc123 wealthoracle.co.uk/d |
Posted at 17/2/2025 09:57 by jaknife mikeh30,"Our lending banks remain supportive of the business ..." These words are a pointless addition and completely otiose. By definition the lending banks are currently "supportive" because *IF* the lending banks were NOT supportive then VID would be in administration. Banks are always "supportive" right up unto that point where they spin on a dime and are no longer "supportive". The more important question is "What do the banks require in order to continue to be supportive?". Do they require additional equity? Asset disposals? A strategic review? Certainly, if I were one of their banks, I would be very uncomfortable at the moment and would want to explore options. JakNife |
Posted at 20/12/2024 12:36 by wunderbar Is it game over for Videndum? To say its share price has been savaged is an understatement. From its all-time high of 1600p in Aug 2021, it has subsequently lost 90% of its value having just hit 160p today. Over 12 months it's down 55%, and down a staggering 38% in just one week following recent trading statement warning that recovery in its markets has been “slower than expected”. No doubt Videndum will likely apportion a lot of blame on the Writers Guild of America strike between May and Sep 2023 which resulted in a slump for demand of its products. But given the hugely underwhelming performance this year it's not surprising CEO Stephen Bird lost his job end of October.I’m not knowledgeable of this industry but nevertheless had a very small punt today at 162p, purely on the basis it looks oversold. Having kept tabs on VID these past few months I initially targeted an entry price of 225p. However, following Monday's disappointing trading update the share price plummeted 20%, falling from 256 to 205p. My gut instinct told me to hold off buying, wait a little while longer, subsequent heavy falls made it too tempting so I finally bought in, almost 30% below my target price. I view my [lower than anticipated] entry point as a huge bonus but ultimately it will count for nothing if this continues tanking or worse still, collapses into oblivion. It’s remarkable to think in November 2023, Videndum raised £125m via placing of shares at 267p, representing a discount of just 3.3% to its then share price of 276p. This capital was to be used to repay debt and put the group on a much firmer financial footing. One year on you could argue the foundations of that “financial footing” were built on quicksand. Those who participated in this placing will undoubtedly be spitting feathers. As per statement on 16 Dec 2024, Videndum only expects to breakeven in this financial year [vs £12.8m profit y/e 2023], excluding one-off exceptional charge of £25m. They anticipate around £135m net debt at year end [vs £128.5m y/e 2023]. It’s safe to say both debt and diminishing profits are weighing heavily on VID’s sp, now languishing at a lowly 162p, which translates to a heavily shrunk market cap of c.£152m. In summary; for me this is a speculative punt. It’s all or nothing. I won't be adding to my position regardless. If it dies a death then sobeit. I normally have an exit price in mind but in this instance I’m just going to sit tight and see how things pan out over the next 12 months before deciding upon a price target. As a recovery play this could easily double or treble if business picks up. Or, to use the usual cliché in these circumstances [when a share is perceived to have hit rock bottom], perhaps Videndum will succumb to a takeover. EDIT: 15:42 - share price has dropped another 5% since I bought a few hours ago, currently 154p - not far off its all time low 148p seen in Nov 2008, market cap now c.£145m. As an investor you just have to ride out the volatility and hope for better times. |
Posted at 28/5/2024 15:07 by scars Looks like people eyeying restoration of a dividend at some point in the future... When is a good question... |
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 08/9/2023 13:56 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 13:24 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 25/8/2023 23:34 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&rd |
Posted at 03/8/2023 15:53 by philanderer Seriously dumped today , top faller of FTSE Small Cap..Videndum Plc (VID) 551.00 -7.24% |
Posted at 02/5/2023 16:54 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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