Videndum Share Discussion Threads

[philanderer] 03/5/2023 00:10

UK-listed Videndum issues profit warning as US screenwriters strike


Shares in FTSE 250 company fall 10 per cent on Tuesday after pause in production of popular shows hits equipment supplier

[philanderer] 02/5/2023 19:53

US writers guild calls strike, picketing to begin on Tuesday

[philanderer] 02/5/2023 19:49

Evening EI , it didn't read well to me.


Commenting, Stephen Bird, Group Chief Executive, said:

"As a result of the current macroeconomic headwinds, compounded by a US writers' strike, there is likely to be an increase in the H2 weighting to the Group's FY 2023 performance. This is also leading to a wider range of possible outcomes for FY 2023 than previously expected. If there is a prolonged writers' strike, the Board believes that the Group's FY 2023 performance will be below our previous expectations.

[essentialinvestor] 02/5/2023 18:15

They paid £26 million for the lightstream business which today they say is now loss making. There was an additional earn out, not sure what, if any additional has been since paid.

You wonder how some their other recent acquisitions are performing?..

[essentialinvestor] 02/5/2023 18:00

They spent a shed load on an acquisition spree over the last few years, arguably returns have disappointed somewhere alone the line.

Net debt higher than at any time I can remember.

[cfro] 02/5/2023 17:54

Caught that statement late this afternoon, also been watching this fall and fall these last few weeks. That kind of explains it i guess, that plus all the insti's selling as it falls out of the ftse250 index probably hasn't helped.

Weaker economic conditions and the strike obviously having an effect but they do point out some positives like brand new high-tech products which have been well received (growth in the business does very much rely on new product innovation).

Plus this interesting comment:

The Board continues to review options to unlock more shareholder value for our Creative Solutions Division and all options remain on the table.

Maybe a future sale?

I just find it strange that the content creation market is weak as it appears to me that all the various youtubers and influencers are busier than ever. Doesnt make sense.
From a valuation point of view, even factoring in reduced profits this could be now on a single digit pe ratio with a dividend yield of 4 or 5%. Arguably cracking value as this business has traditionally always traded on a pe of at least double.
All that said it is hard to know if this is the bottom and hence a good entry point or there is more to come off yet still..

[philanderer] 02/5/2023 16:00

This afternoon's RNS re Writers Guild strike plus tricky trading conditions explains some of the recent falls. Pretty gloomy update.

".... If there is a prolonged writers' strike, the Board believes that the Group's FY 2023 performance will be below our previous expectations.....

"....As expected, looking forward, the macroeconomic environment remains challenging, particularly with low business confidence in the US; we are not yet seeing a recovery in the consumer environment, improvement in the Independent Content Creator segment, nor any significant retail restocking."

[philanderer] 02/5/2023 15:39

oh dear ... 1,000 @ 695.30p

[philanderer] 02/5/2023 10:07

Continuing down the plughole.

[philanderer] 26/4/2023 17:33

200k traded today and that's now a 50% drop in the shareprice in under 9 months.

[philanderer] 26/4/2023 15:41

Looks odds-on that VID will be kicked out of the FTSE250 at the next reshuffle so probably a lot of tracker funds selling out now, which will exacerbate the fall even more.

[philanderer] 26/4/2023 14:56

Surely support at 568p (march 2020)

There's a lot getting dumped again today,, 140k printed so far.

[philanderer] 25/4/2023 10:50

Netflix to invest $2.5bn in new South Korea fims and TV

[essentialinvestor] 21/4/2023 17:01

Hi Phil, may need a new CEO imv.

VID arguably should be booming given their end markets, look at the growth in content creation alone, it's mushroomed. Growth in that market is so large over the last decade it might be difficult to put a % on.

[philanderer] 21/4/2023 17:01

And another funny old day :-)

[philanderer] 21/4/2023 10:03

Morning EI.

Big seller(s) unloading over the last few weeks.

[essentialinvestor] 20/4/2023 17:45

Share price increased by approx 210% between summer 2016 and late 2021, so a huge % increase.

I would guesstimate what has happened is some disappointment with trading in light of very considerable recent acquisition spend.

[philanderer] 20/4/2023 17:02

Funny old day, just a few pence less on top of the stripped out dividend.

[philanderer] 20/4/2023 10:08

Down by far more than the stripped dividend this morning.

This one is really stinking my portfolio out.

Added a few :-)

Yield of almost 5% on an unchanged dividend

[lindowcross] 19/4/2023 18:02

Odd how it's supposedly dropped in price today just before going xd. Suppose it'll drop more tomorrow too. Anyway I topped up my modest holding today. The price currently seems fair for what I understand is a market leader in its field. Many other good, small UK companies seem to have been marked down in the same way.

[philanderer] 19/4/2023 16:13

xd tomorrow morning for the 25p dividend

[philanderer] 19/4/2023 12:50

Chart looks broken , heading below 800p imminently.

[philanderer] 19/4/2023 09:48

Netflix posted a mixed bag of results for the first quarter of the year. The company’s revenues for the quarter were $8.18bn, slightly less than analysts had forecast. But Netflix added 1.75million subscribers and ended the period with 232.5 million customers.

A year ago, Netflix announced that it had lost subscribers for the first time in a decade, an announcement that sent the company’s share price into a tailspin.

[philanderer] 05/4/2023 14:12

Couple more days should do it. Almost trashed.

[philanderer] 17/3/2023 16:28

Getting there.