Videndum Share Discussion Threads

[philanderer] 10/7/2023 13:05

Appx 1.2 million @ 600p printed this morning.

[philanderer] 07/7/2023 10:46

Jefferies cuts Videndum price target to 1,280 (1,455) pence - 'buy'

[philanderer] 07/7/2023 10:26

608p - 648p :-D


835 @ 624.04p

[philanderer] 06/7/2023 16:35

Smashed..... like quite a few today.

[philanderer] 04/7/2023 10:37

Why wang the 'bid' back to 644p then back up to 680p a minute later ?

[philanderer] 01/7/2023 10:41

Hollywood’s actors may join its writers on strike.

[philanderer] 26/6/2023 18:08

Normal service resumed

-7% with 32k printed.

[philanderer] 22/6/2023 14:01

VID holding up well today on a really bad general market day. I've only got VID, MKS and DGE blue and twenty seven red at the moment.

[cfro] 22/6/2023 13:14

Keeping a watchful eye here and following the newsflow.

The US writers strike is now 1 month, 2 weeks and 5 days old (50 days).

I see that the last time there was a writers strike was way back in 2007 and it lasted for 100 days. That means it could be still only half way through..

In the mean-time lot's of top shows and films have been cancelled or delayed. Sadly then in the short-term at least this is bound to hit their numbers.

Dividend is therefore likely to be cut to conserve cash.

[philanderer] 20/6/2023 14:18

Be good to hold above 740p to reverse the downtrend

[philanderer] 19/6/2023 19:03

RNS after close of play..

Videndum received the attached notice in accordance with the Disclosure and Transparency Rules that The Wellcome Trust Limited, as Trustee of The Wellcome Trust has a notifiable interest in the voting rights of 1,606,414 ordinary shares of 20p each in Videndum, representing 3.4473% of Videndum's issued ordinary share capital.

[philanderer] 19/6/2023 18:09

100K+ printed today.

[philanderer] 19/6/2023 11:18

Still can't break this downtrend.

[philanderer] 17/6/2023 00:05

That large volume UT could be to do with the quarterly FTSE reshuffle taking effect monday morning, with VID leaving the FTSE250 and joining the FTSE small cap.

[philanderer] 16/6/2023 19:27

spooky, no problem.

I could well be letting my heart rule my head on this one.

A friend of mine worked for Vinten , which eventually changed it's name to Vitec before another change to Videndum. She was always full of praise for the company which was very well run then. She no longer works for them but I was impressed with what I thought was a unique niche company.

Got to say it's my smallest holding by value in a portfolio of thirty shares.

[essentialinvestor] 16/6/2023 18:08

spooky, mentioned this to Phil previously..they went on a large acquisition
spree and I would question have some of these lived up to expectations. Luck to holders.

[spooky] 16/6/2023 18:03

Thank you Philanderer. Don’t have any particularly strong thoughts on this one ATM EssentialInvestor but I am keeping an eye on it. Next statement likely to be negative obviously. The auction cross was unusual.

[philanderer] 16/6/2023 17:08

spooky, I do indeed own some VID shares. I started this thread over a year ago.

Sitting on a very nice paper loss but happy to hold. In fact been adding in small lots since the Screenwriters Guild strike started.

closing 610p - 617p

A very strange uncrossing trade tonight 1,228,323 @ 671p

[essentialinvestor] 16/6/2023 10:46

I don't short individual shares, but the difference on debt expectations between those two statements was an early indicator.

[essentialinvestor] 16/6/2023 10:39

spooky, posted this on the SHA board in November I've held VID in the past.

EssentialInvestor - 24 Nov 2022 - 19:10:23 - 169082 of 178403
From the Videndum H1 in August..

"..The ratio of net debt to EBITDA was 2.2x at 30 June 2022, on the basis used for our loan covenants(1) . This was c.0.2x higher than if there had been no FX movement on net debt. We expect our net debt to EBITDA ratio to decline materially by the year end."


And today's statement

"..The Group has a robust balance sheet and we currently expect that the covenant net debt to EBITDA ratio at 31 December 2022 will be around 2.2x, factoring in FX and working capital movements"


Appreciate the movement in cable since (they may have some $ denominated debt)
but even so that appears quite a change in expectations in a short time frame.
Might pay to be cautious.

[spooky] 16/6/2023 07:48

Philanderer, do you own any Videndum shares?

[philanderer] 15/6/2023 12:00

CBS Chief George Cheeks on Writers Strike: “We Have to Figure This Out”


The exec added, during a Banff World Media Festival Summit Series session, “I still remain very hopeful that we will all find compromises. It’s existential for all of us."

[philanderer] 15/6/2023 11:20

625p - 626p that's as tight as I've ever seen it.

[philanderer] 13/6/2023 13:55

Surely not another Odey liquidation scenario ?

[philanderer] 13/6/2023 11:14

Another leg down 616p - 620p