Videndum Share Discussion Threads

[essentialinvestor] 19/7/2019 11:04

Some of the nervousness, if that is the correct phrase,
may relate to the heavy acquisition activity last year.
That and the extra investment announced.
The market may want to see how trading is developing at
next month's H1 - that's my rudimentary guesswork.

Chunky CEO sell earlier this year, as another poster flagged up
at the time, might be worth noting, might not.

[mctmct] 18/7/2019 13:59

What was the high volume yesterday? Large sells before 9am, but a small increase in share price

[5oletrader] 18/7/2019 09:51

Could just simply be one of those unloved stocks?

Last year was a record performance - now consolidation? Strong weighting on second half makes it tricky to value?

Lets be frank though - there is value here:
- 25-30% off recent highs
- Sound financial position
- Punched a New 52W low and double bottom forming on daily (false break lower?)
- Weekly chart (see volume last 2 weeks)
- Expectation of Strong 2020 with summer olympics and US elections

Whats not to like?!
ATB

[essentialinvestor] 11/7/2019 09:36

Continuing to ease back, any thoughts here ?.

[essentialinvestor] 05/6/2019 10:34

Hi Phil, it's an interesting little company, I've followed this for
about 30 years now - showing my age.

One possible cautious point is the big step up in acquisition activity over the
Apart couple of years, in particular 2018. Ups the risk a little. Just imv.

[philanderer] 05/6/2019 08:51

Shore Capital initiates on ‘clear leader’ Vitec

Shore Capital has initiated coverage of Vitec (VTC) and believes the broadcasting equipment specialist has the ability to grow earnings.

Analyst Tom Fraine initiated coverage with a ‘buy’ recommendation and ‘fair value’ of £14.40 on the shares, which were trading at £11.50 yesterday.

He said it was a ‘clear leader’ in niche broadcasting and photography markets, including independent content creation.

‘Its market position has helped it grow acquisitively as smaller businesses have approached Vitec seeking to benefit from its global distribution, research and development capabilities, and relationships with customers and suppliers,’ he said.

He noted Vitec’s ‘ability to grow earnings through margin improvements, mergers and acquisitions, and exposure to the fast-growing independent content creation market’.

[2breakout] 04/6/2019 14:56

Thought we might have seen a better move today on the broker note

Vitec Group (The) PLC VTC Shore Capital Buy 1,147.50 1,155.00 target 1,440.00 Initiates/Starts

[srtoothpaste] 03/6/2019 20:40

Thanks, Lord Lee - see FT Sat 1st June!

[hatfullofsky] 10/4/2019 11:23

Huge trade just went through 682k @1130

[essentialinvestor] 08/4/2019 19:07

Hatful, the number of acquisitions up the execution risk, so perhaps needs
monitoring. Rapid growth of independent content creation should help underpin
Much of Vitec's business, it may also eventually increase competition.

[hatfullofsky] 08/4/2019 19:00

Sent a link to a documentary film maker I know, his response below.

"I definitely use their products. Manfrotto is probably the top tripod manufacturer in the world. I've got a couple. I've also used stuff from Rycote, Lowepro and Gitzo. All solid.

SmallHD makes some great on-camera monitors and has a good reputation.

Sachtler and Vinten both make high end tripods. Never used them, but they are apparently excellent.

So they are definitely producing some good gear with a great reputation. That's about all I can tell you"

So Product Quality is a Check

[hatfullofsky] 01/4/2019 23:58

It hit my alert today, initial stake taken. Will build accordingly. Great numbers, great pull back and great market to be in, a little like TUNE, maybe they should get together

[essentialinvestor] 09/3/2019 17:51

pireric, we may get a trading update in May with the AGM.
Will keep it on a watchlist and review then, or when there is next news.

[essentialinvestor] 04/3/2019 21:53

I'm not holding atm, have previously.

It's certainly worth noting. There is a cyclical element to the business.
There are also some interesting secular drivers in place with the proliferation
of content creation. Think it's worth watching at least - no pun intended ;

[pireric] 04/3/2019 21:48

Yes, though a net negative I think given (unless I'm mistaken), he's exercised his options over the 110623 at nil consideration and obviously cashed out nearly £1m

Not sure on the nil consideration point as I don't hold here, but RNS seems to suggest that. Although its on around 13x forward earnings give or take, adjust that for the debt pile, and you're closer to 15x, for growth which is OK, but pretty pedestrian on an organic basis and the weighted average growth of their end markets versus their business split is very low single digit

[essentialinvestor] 04/3/2019 21:47

Indeed he did, he holds over £2.5 million in value, at the current share price

A potential negatives is significant acquisition activity which carries
execution risk.

Personally would like to see a COO role in place.

[wjccghcc] 04/3/2019 21:42

Actually, he exercised 110623 options and sold 81993 in two transactions so his holding increased by 29k shares.

[pireric] 04/3/2019 21:34

Not very clear, but CEO sold 30,000 shares today outside of options

On 4 March 2019, Stephen Bird sold 30,000 Ordinary shares in the Company at a price of £11.75 per ordinary share.

[essentialinvestor] 04/3/2019 14:08

Around 13.5 X forward earnings.

Beginning to look attractive again?.

[slopsjon2] 15/5/2018 07:54

Current trading and outlook

Vitec has continued to build on the momentum from 2017 and the Group's trading for the four months ended 30 April 2018 was in line with expectations. By division:

· Imaging Solutions ("IS"). The integration of the JOBY and Lowepro brands continues to plan. The CIPA data on shipments of interchangeable lens cameras is stabilising and we expect an improved second half from IS.

· Production Solutions. A promising start to the year in the US and, as anticipated, we benefitted from the 2018 Winter Olympics.

· Creative Solutions. Our higher technology division continued to grow. SmallHD performed well, although a fire on 27 April 2018 at an adjacent office has temporarily disrupted its site operations; our insurance cover is expected to mitigate any potential losses.

The Board's expectations for the Group's full year performance remain unchanged.

[hawaly] 23/2/2018 17:01

Very quiet here.......

[edjge2] 05/12/2017 08:26

special dividend here?

[essentialinvestor] 10/8/2017 08:53

Mentioned earlier this week the approx 60 pence share price drop before
The last update which was rapidly reversed and then woosh higher.

[bruceylegs] 10/8/2017 08:47

Starting to come good