Videndum Share Discussion Threads

[philanderer] 12/8/2022 20:30

Market underestimating Videndum, says Shore Capital

Videndum (VID), the supplier of equipment and services to the photographic and broadcast industries previously known as Vitec, is less exposed to an economic downturn than the market believes, says Shore Capital.

Analyst Tom Fraine retained his ‘buy’ recommendation on the stock, which closed up 7% at £14.36 on Thursday after strong first-half results. Management guided for profits for the full year to be at the top end of consensus.

Fraine said the group was a ‘clear world leader’ and owner of technology with the unique ability to stream videos live in ultra high-definition 4K, ‘an important offering for a number of users in some of the company’s new end markets’.

The group is targeting £600m revenue and more than £100m underlying operating profit by 2025, and is acquisition-led, with an ‘excellent track record’ in delivering returns on investments.

‘We consider the company to be far less exposed to a consumer downturn than the market perceives, with management estimating that less than 10% of group sales are business-to-consumer,’ said Fraine.

Citywire.com

[philanderer] 12/8/2022 00:37

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

[km18] 11/8/2022 13:00

Videndum posted its Interims for the 6 months ended June 30th 2022 this morning. Revenues were up 23% to a new record £223.6m. Adjusted profit before tax was up 36% to £27.1m, also a new record. Adjusted basic EPS was up 39% to 45.4p, while DPS was up 36% to 15p. Net debt has increased to £190m as expected, this is primarily due to M&A activity and FX. The Group is executing well on its strategy of organic growth, margin improvement and M&A and has a record order book heading into H2. Adjusted profit before tax for FY 2022 is expected to be at the top end of current market expectations, roughly £54.6m. Valuation is fairly average, not particularly helpful, nor a constraint on share price appreciation. There is a lot to like here, today’s release has triggered a 7% spike. BUY...

...from WealthOracle

[philanderer] 11/8/2022 10:22

Very good :-)


"While we are mindful of uncertainty in the current macro environment, the Board now expects adjusted profit before tax for FY 2022 to be at the top end of current market expectations."

[davidosh] 11/8/2022 07:17

H1 2022 financial highlights

·

Record H1 revenue (+23%) and adjusted profit before tax* (+36%)·

Revenue up 11% on an organic, constant currency basis·

Adjusted operating margin* improved and on track towards mid-to-high teen goal·

Pricing more than offsetting inflation·

Strong operating cash conversion* at 90%·

Increase in net debt* as expected, due to M&A activity and FX



Strategic positioning
·

Content creation market larger and growing faster than pre-pandemic·

Organic growth driven by the Group's exposure to strong market trends and technology advancement driving shorter product replacement cycles·

Videndum executing well on strategy of organic growth, margin improvement and M&A·

Revenue growth from three routes: core business; new areas of content creation; new verticals enabled by video transmission and live streaming



Outlook
·

Record order book heading into H2·

Adjusted profit before tax* for FY 2022 expected to be at the top end of current market expectations3, despite macro-economic uncertainties

[philanderer] 05/8/2022 12:03

Correction..

Half-Year results will be on thursday 11th august, according to the company website.

[philanderer] 03/8/2022 16:08

Half-Year results wednesday 10th august

[philanderer] 17/6/2022 11:07

Just seen some large 'o' trades printed in the last 30 minutes, probably delayed trades.

60,000 @ 1294p
20,000 @ 1290p

[qvg] 16/6/2022 13:54

Alantra reducing their large holding.

Anybody seen any background to this?

[philanderer] 07/6/2022 13:48

"Videndum targets revenue and profit progress as content market grows"


Tue, 7th Jun 2022 13:39

(Alliance News) - Videndum PLC on Tuesday outlined plans to grow revenue by over 50% and double its profit by 2025.

The Richmond, west London-based firm on Tuesday said it is "uniquely positioned right at the heart of the growing content creation market". The hardware and software provider for content creation is holding a capital markets day on Tuesday.

Videndum said it has an "ambition" to generate annual revenue of around GBP600 million and adjusted operating profit of over GBP100 million on an organic basis by 2025.

For 2021, back when it was named Vitec Group, it reported an adjusted operating profit of GBP46.2 million, on revenue of GBP394.3 million. Therefore it is working towards more than doubling profit and growing revenue by 52%.

Videndum noted its target market has grown since the emergence of the pandemic. In 2021, its market total addressable market in 2021 was GBP3 billion, up from GBP2 billion pre-pandemic. By 2025, it expects its TAM to be worth GBP4 billion.

Videndum also eyes improving margins through "operational excellence", and drew attention to its "strong M&A track record and clear capital allocation strategy".

"The group has transformed in the last ten years and is now uniquely positioned right at the heart of the growing content creation market. A product-driven business, Videndum's purpose is to help our customers capture and share exceptional content. We have leading, premium brands in a number of niche market segments," the company said.

Videndum shares were 4.4% higher at 1,365.44 pence each in London on Tuesday afternoon.

[philanderer] 30/5/2022 11:19

Hi robow, no problem :-)


Capital Markets Day on 7th june.

Can register for webcast here:-

[robow] 25/5/2022 18:19

thanks Philanderer for setting up the new thread

[philanderer] 25/5/2022 16:19

Good company video:

[philanderer] 25/5/2022 15:11

Half Year results due 11th august.


Brokers updated:

17th may Jefferies buy tp 1760p
17th may Shorecap buy -

[philanderer] 25/5/2022 15:06

RNS

Further to the Company's announcements of 1 March and 17 May 2022, the change of the Company's name from The Vitec Group plc to Videndum plc has become effective today.The Company's change of name and change of Tradable Instrument Display Mnemonic ("TIDM") from VTC to VID will therefore become effective on the Official List of the FCA and the Main Market of the London Stock Exchange from tomorrow, 24 May 2022. Videndum plc shares will continue to be traded on the Main Market of the London Stock Exchange.

Company Website:

"Enabling the capture and sharing of exceptional content"

[thetatrader] 31/3/2009 20:54

Good luck.

[thetatrader] 03/4/2008 18:25

Greenspan (5 years ago)

[wiganer] 27/3/2008 21:34

Once I caught a fish alive.

[thetatrader] 27/3/2008 21:34

Oscar !!!



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[thetatrader] 27/3/2008 21:34

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[thetatrader] 27/3/2008 21:33

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[thetatrader] 27/3/2008 21:33

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