Mentioned that one Phil, whether it's with these results, or not.
I would have the former CEO back in the CEO job, or as a COO. |
526p - 530p 900k traded
And that's a seven year low.
EI, I think you may have suggested before, heads may roll with the results ( whenever they appear)... apologies if I've misremembered. |
TRCML, for VID something arguably looked amiss last autumn in the downgraded
expectations on net debt reduction (I posted it here) - this predates the writers strike.
Certainly not helped, but just a part of the challenges here.
Consider how much they spent on acquisitions over the last 5 years,
how many of these acquired businesses were meeting expectations prior to the
writers strike?.
Independent content creator market is still booming. |
It'll be interesting to see what they do with the dividend . Maybe go without one for cash preservation purposes ? Just have to wait somewhere between four and seven weeks to find out ;-) |
Plenty knew since 2 May 2023 fromm the Update then. |
The first announcment of something amiss was on 2 May 2023. |
Jeez....
The Board's expectations for H1 2023 are broadly unchanged. Net debt to EBITDA (3) is expected to be within our covenants and looking forward, given our strong relationships with our banks, we have agreed covenant amendments for December 2023 (ratio of net debt to EBITDA (3) increased from 3.25x to 4.25x and interest cover (4) lowered from 4.0x to 3.0x) and for June 2024 (ratio of net debt to EBITDA (3) increased from 3.25x to 3.75x and interest cover (4) lowered from 4.0x to 3.25x). |
Never a good sign. Plenty must have known for a while.
"....Videndum plc ("the Company" or "the Group"), the international provider of premium branded hardware products and software solutions to the content creation market, announces that the release of its results for the six-month period ended 30 June 2023 ("Half Year Results"), due on 10 August 2023, has been delayed because more time is required to finalise its half year financial reporting.
"We expect to release the Half Year Results during September. A further announcement of a revised date will be made in due course." |
Make that 800k dumped , some printed may be delayed sales from friday/monday as they're all down as 'o' trades.
Thursday's results , who knows what already ? ;-) |
Another hit down with 300k dumped..... 50% drop for 2023.
Results thursday could well have been ugly. |
folks that bought at £5.99 (before costs) earlier today willbe pleased. I paid £5.48 before costs) |
No End in Sight for Writers Strike Following Friday Meeting |
Berenberg cuts Videndum price target to 1,055 (1,735) pence - 'buy' |
Is This the Beginning of the End of the Writers Strike?
The Writers Guild of America and Hollywood’s biggest studios have agreed to meet for the first time in three months. |
Morning EI.
Definitely looks like bad news coming up.
We'll know for sure next thursday with the half-year results. I'm still holding but fortunately it's the smallest holding in the portfolio ...and getting smaller by the day ;-D |
Heading for an almighty profit warning Phil?.
Writers strike just a part of what's developing here is my take, arguably paid a pretty price for those multiple acquisitions
and have they performed to plan?. Well in at least one case the answer is No, as referenced at the last update. |
Seriously dumped today , top faller of FTSE Small Cap..
Videndum Plc (VID) 551.00 -7.24% |
568p support broken . If the bounce doesn't hold, chartwise 500p looks on the cards. |
When will the writers strike end?
It looks like there’s no end in sight. On Aug. 2, the strike will have reached the three month mark. If they surpass 100 days, which is how long the 2007-2008 strike lasted, the 2023 writers strike will officially be the second longest WGA strike in history.
The 1988 strike lasted 154 days. If 2023’s lasts longer than that we’ll be going into October and headed toward November with the industry still at a stand still. |
Hollywood writers fear losing work to AI |
Media watch: La La Land strikes are nuking our lucrative film industry too |
Striking screenwriters and actors are holding rallies in Philadelphia and Chicago Thursday as the labor dispute that has halted Hollywood spreads to more cities |
Netflix shares down over 3% in after-hours trading... reported lower than expected revenue for Q2 .. forecasting weaker sales for the current quarter. |
And 180k @ 600p just printed , could well be a late reportd 'O' sale from last week |
250k @ 600p just printed ... 'O' trade, so it could have been from yesterday or even friday. |
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