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VID Videndum Plc

280.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Videndum Investors - VID

Videndum Investors - VID

Share Name Share Symbol Market Stock Type
Videndum Plc VID London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 280.00 16:35:19
Open Price Low Price High Price Close Price Previous Close
277.50 275.00 280.00 280.00 280.00
more quote information »
Industry Sector
INDUSTRIAL ENGINEERING

Top Investor Posts

Top Posts
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 04/6/2023 00:35 by philanderer
Netflix investors reject bonuses as WGA strike continues
Posted at 06/5/2023 06:30 by lindowcross
Friday May 05 2023, 5.00pm, The Times
Analysts at Jefferies advised clients to hold fire on binning their shares in Videndum, despite the FTSE 250 firm being forced to issue a stinging profit warning this week.

The company, which designs and manufactures products such as camera and audio equipment and live-streaming kits for customers including broadcasters, film studios and photographers, told investors that if a strike by the Writers Guild of America, which was called on Tuesday, were to be “prolongedR21;, its full-year performance would fall short of expectations.

Although investors took that as a cue to sell, causing the shares to fall more than 9 per cent on the day of the warning, Jefferies has stuck with its bullish “buy” rating. “The strike is a one-off event, and we look for the group to rebound from the cyclical downturn impacting the group’s consumer-related end markets,” the analysts declared, adding that there were still reasons to be positive about the equity story in the medium to long term.

On advice from the bank, investors snapped up a bargain, with Videndum closing up 16p, or 2.2 per cent, to 751p.
Posted at 05/5/2023 12:11 by lindowcross
I'm banking on the strike being resolved eventually, so bought more yesterday. I'm influenced by Lord Lee who is a substantial investor. However many of his company selections are under pressure at the moment.
Posted at 06/3/2023 10:28 by philanderer
This one is toxic. Continuing frefall this morning.

Investors Chronicle kiss of death. ;-)
Posted at 01/3/2023 00:22 by philanderer
Investors Chronicle:

Videndum faces a content creation recession

The video hardware company has seen weaker consumer demand for its products after the pandemic boom

... Videndum’s price is a good entry point. The margin improvement shows how popular its product is and, although we are in a content recession, demand for video will bounce back. Buy.

full article:
Posted at 25/8/2022 13:57 by philanderer
Videndum (LON:VID – Get Rating) had its price objective upped by Berenberg Bank from GBX 1,590 ($19.21) to GBX 1,735 ($20.96) in a research note issued to investors on Wednesday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.
Posted at 12/8/2022 00:37 by philanderer
Investors Chronicle:

Videndum keeps on top of inflation

Content creation market “growing faster than pre-pandemic”


Few can resist a Latin motto, and Videndum (VID) – formerly Vitec Group – is no exception. ‘Videndum’ means ‘that which must be seen’, or ‘a must see’, and is an appropriate name for a company that makes camera supports, video transmission systems, live streaming solutions and smartphone accessories, among other things.

Videndum says it is “right at the heart of the growing content creation market” and its results bear this out. Revenue has risen by almost a quarter to £224mn – 22 per cent higher than pre-pandemic levels. Our appetite for ever more content is expected to keep demand high, coupled with the fact that tech products are being replaced more frequently.

The group raised its prices in 2021 and the first quarter of 2022 to offset the higher cost of raw materials, freight, duty, utilities and labour. This was sensible: adjusted operating expenses were £10.1mn – or 17 per cent – higher this year than last. Videndum has done a good job of protecting its profits, however. Its adjusted operating margin of 13.4 per cent is 1.3 percentage points ahead of last year. Statutory figures are less impressive as a result of acquisition costs.

‘Production solutions’, which makes and distributes technically advanced products for broadcasters and production companies, has the roomiest margins. Growth here is particularly strong, with revenue up 28 per cent year on year.

‘Creative solutions’, which is more focused on independent content creators, has narrower margins, which shrunk further during the period in question. Operating margins of 11 per cent are not to be sniffed at, however, and demand is still strong, with revenue up 21 per cent year on year.

Videndum’s shares have risen by 11 per cent over the past six months and, with a forward PE ratio of 14.3, the group is not cheap. However, it has reported a “record order book” going into the second half and its long-term growth prospects are appealing. Buy.

Last IC View: Buy, 1,250p, 2 Mar 2022

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