Videndum Share Discussion Threads

[philanderer] 16/3/2023 14:45

Looking to add around 700p - which looks to be some sort of chart support.

[philanderer] 10/3/2023 10:50

EQMC Investment Opportunities I
Mercer QIF Common Contractual Fund
EQMC Europe Development Capital Fund


Gone over 20%

[philanderer] 08/3/2023 16:37

That's 900p gone.

closing 890p - 897p

[philanderer] 06/3/2023 10:28

This one is toxic. Continuing frefall this morning.

Investors Chronicle kiss of death. ;-)

[philanderer] 03/3/2023 15:27

RNS

A couple of directors have put their hands in pockets to buy a few. Welcome news.

[philanderer] 03/3/2023 10:26

Getting it's @rse kicked again today

[philanderer] 01/3/2023 16:49

Afternoon EI, I think there's a case for directors buying a serious amount of shares ;-)

[essentialinvestor] 01/3/2023 16:37

Is there a case the CEO should exit?.


I rated their CFO from a few years back, he oversaw the financial restructure
towards the start of the current CEO's tenure and did a very decent job.

[philanderer] 01/3/2023 16:29

Not looking good at all.

Chartwise, support looks to be all the way down to 580p !!

[philanderer] 01/3/2023 00:22

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:

[essentialinvestor] 28/2/2023 23:24

What's arguably disappointing is
the acquisition spend over the past 5/6 years is a significant % of the current market cap.

Given that spend you might expect profitability to be ahead of current levels?.

I've known this company for over 30 years and can never remember net debt at this high,
all be it VID has entered new markets and ditched some others over that time.

[melody9999] 28/2/2023 23:04

Actually VID reported record profits today for year 2022 and guided profit would remain stable in 2023 vs 2022. Don't know what results Proactive were reading.

A simple error or is there some other journalistic agenda? Disappointing.

[philanderer] 28/2/2023 16:25

May also explain some of the recent weakness as 'FTSE 250trackers' dumped.


Videndum to join Moonpig and 888 Holdings in relegation in FTSE reshuffle


Moonpig PLC, William Hill owner 888 Holdings PLC (LSE:888) and video camera accessory maker Videndum PLC (LSE:VID) are all heading for relegation in the FTSE reshuffle that will be decided today.

The FTSE quarterly review is based on closing prices and market capitalisations today and will be announced tomorrow, 1 March, with the changes taking effect before the start of business on Monday 20 March.

Vivendum, which changed its name from Vitec last year and is tapping into the market for video and social media content creators, would be leaving the mid-cap index just six months after its promotion, with the shares topping £14 in the past two years but having fallen below £10 recently after reporting falling profits today and warning that it will be relying on a stronger second half to deliver its full-year guidance.

It has been hit by retail destocking and purchase deferral by independent content creators and expects this trend to continue in the first half of 2023.


proactiveinvestors.co.uk

[philanderer] 28/2/2023 12:15

Video hardware and software maker Videndum, formerly known as Vitec, reported a jump in annual profits.


The company, which makes hardware and software for video for internet streaming, reported a 27% rise in adjusted pre-tax profit to £54m. On a statutory basis profits fell to £24.7m from £29.6m.

Revenue rose 14% to £451.2m.

"We expect that some short-term macroeconomic headwinds will continue to affect our consumer and business confidence more generally, with additional retail destocking and some purchase deferral by independent content creators in H1 2023 however, we are seeing signs of improvement, particularly in the US, said chief executive Stephen Bird.

He added that the company was also acting to streamline the company’s cost base “and deliver cross-divisional synergies to ensure that the business is even better positioned for long-term growth”.

“We therefore expect to deliver a stable FY 2023 adjusted profit before ta* compared to FY 2022, with higher operating profit offset by increased interest charges, albeit with a higher than usual H2 weighting.”


Sharecast.com

[philanderer] 28/2/2023 10:11

Analysts presentation at 10:30am

[philanderer] 24/2/2023 16:40

Awful week -15%

Another 170k shares traded today

[philanderer] 23/2/2023 13:51

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

[philanderer] 22/2/2023 18:26

Another 200K traded today , now -14% in three days.

[philanderer] 22/2/2023 14:25

Missed this from monday

Shore Capital reaffirmed their sell rating on shares of Videndum (LON:VID – Get Rating) in a report issued on Monday morning, Digital Look reports.

[philanderer] 21/2/2023 16:42

150k traded today and a 12 month low.

[philanderer] 21/2/2023 14:43

Still being dumped .. nearly 100k printed so far today

[philanderer] 21/2/2023 10:23

Look to have big seller(s) back again. Bit worrying this close to results.

[philanderer] 20/2/2023 16:00

Oh dear , falling fast.

Results next tuesday, hopefully nothing has leaked.

[philanderer] 19/1/2023 23:59

Netflix: Reed Hastings steps down but subscribers jump

[philanderer] 16/1/2023 15:44

Overhang maybe nearly cleared ?