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VID Videndum Plc

155.00
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Videndum Plc LSE:VID London Ordinary Share GB0009296665 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 155.00 47,271 12:35:18
Bid Price Offer Price High Price Low Price Open Price
154.20 156.40 159.40 155.00 159.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
12:37:53 O 3,000 155.00 GBX

Videndum (VID) Latest News

Videndum (VID) Discussions and Chat

Videndum Forums and Chat

Date Time Title Posts
20/12/202412:36Videndum plc300
31/3/200922:52Trading Videos10

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Videndum (VID) Most Recent Trades

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Videndum (VID) Top Chat Posts

Top Posts
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 sold at a discount of just 3.3% to its then share price of c.308p [298p]. 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 23/11/2023 20:41 by creditcrunchies
The offer fixes their debt position to clear the loans for the acquisition of Savage and Audix. 72.5 million to clear their bank credit facility. You won't see the share price of 1250p again with this level of dilution be lucky to get 500p tops for a recovery from my guesstimate
Posted at 21/11/2023 08:13 by sandeep67
Explains the subdued price for so long. Looks like it was an eager take up now all headwinds are over.
Posted at 12/9/2023 09:42 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 15:01 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 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” 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 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 19/6/2023 18:03 by philanderer
RNS after close of play..

Videndum received the attached notice in accordance with the Disclosure and Transparency Rules that The Wellcome Trust Limited, as Trustee of The Wellcome Trust has a notifiable interest in the voting rights of 1,606,414 ordinary shares of 20p each in Videndum, representing 3.4473% of Videndum's issued ordinary share capital.
Posted at 23/2/2023 13:51 by philanderer
Peel Hunt ‘wary’ about Videndum’s full-year results


Peel Hunt may have to rethink its fair value price for photographic equipment supplier Videndum (VID), previously known as Vitec, as it faces trading headwinds.

Analyst Henry Carver retained his ‘buy’ recommendation and target price of £17.20 on the stock, which fell 2.6%, or 26p, to 965p yesterday.

He predicted full-year 2022 results next week would be ‘in line… reflecting a decent year for the group’. However, he was ‘wary on full-year 2023’.

‘Interest rate moves suggest our full-year 2023 interest charge could be too low and we do not know if trading might offset that,’ he said.

He added that ‘confidence might impact valuation’, and although he likes the Videndum ‘story’, he said ‘we are unsure about whether the trading outlook and price increases will offset that headwind or exacerbate it’.

‘Lower confidence in the numbers could mean a rethink on fair value.’


CITYWIRE.COM
Posted at 08/12/2022 08:24 by masurenguy
Videndum, is a global provider of hardware products and software solutions to the content creation market. Its customers include broadcasters, film studios, photographers, independent content creators, gamers and professional musicians. In an increasingly digital world, its portfolio of products – think robotic camera systems, video monitors and transmission systems, live streaming solutions and LED lighting – are being used by a burgeoning customer base.

The company estimates that 30% of its revenue is now exposed to the proliferation of subscription TV providers and 10% to vloggers and influencers creating and sharing video and audio content on social media platforms like TikTok and YouTube. Market growth is also being boosted by technology change driving shorter product replacement cycles. Cameras have moved from HD to 4K, meaning all video transmitters are being replaced.

‘Videndum has the global leading wireless transmission technology, so when you’re on location, the producer and director can see the content streamed wirelessly to a 4K screen,’ says Robin West, Invesco Perpetual UK Smaller Companies Investment Trust. Sustained R&D investment in innovative new technologies – the company’s Flowtech tripod or patented Amimon live streaming technology and LED lighting technology, to name three examples – is key to it retaining and gaining market share. Last year, about half of its revenue came from new products launched in the past three years.
Citywire 8/12/22

No position.
Videndum share price data is direct from the London Stock Exchange

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