Videndum Share Discussion Threads

[philanderer] 18/8/2021 13:35

Thanks robow.

[robow] 17/8/2021 11:38

from Citywire

Shore predicts share price spike at Vitec

Vitec (VTC), which supplies equipment and services to the photographic and broadcast industries, has been a beneficiary of the pandemic and over the medium-term it could see its share price move ‘materially higher’, says Shore Capital.
Analyst Tom Fraine retained his ‘buy’ recommendation and ‘fair value’ target price of £16.00 on the stock, which was up 2%, or 30p, at £15.40 on Friday.
Remote working has seen increased demand for Vitec’s monitors, transmitters, and receivers and it is a ‘world leader’ in its field.
‘It also owns technology that has a unique ability to stream videos live, an important offering for a number of users in some of the company’s new end market, eg video gaming streamers,’ said Fraine.
‘We believe its target adjusted operating margin of 15% is achievable in the medium-term and could support a share price materially higher than our £16.00 latest-published fair value, which we expect to upgrade.’

[philanderer] 13/8/2021 12:46

Might be some work here...


'Lord of the Rings: Amazon moves show to UK from New Zealand'

[philanderer] 12/8/2021 09:35

Solid numbers, happy to hold.

[ramridge] 12/8/2021 08:58

... ans very muted share price reaction

[robow] 12/8/2021 07:10

very positive outlook. Very quiet board

[philanderer] 06/8/2021 12:49

Good news for production set work


‘We are still pretty bruised’: UK cinemas bounce back from Covid closures

Admissions are almost at pre-pandemic levels despite fears that streaming would wreck business

[philanderer] 06/8/2021 09:32

Results next thursday.

[philanderer] 05/8/2021 17:26

Top of the FTSE Small Cap Risers today.

[philanderer] 05/8/2021 10:26

Bit of interest this morning.

[philanderer] 02/8/2021 09:32

Hollywood’s Sunset Studio to open new base in Hertfordshire

[philanderer] 23/7/2021 00:34

Wooden Shipping New Camera Accessories

Offering a new collection of kits and accessories for Blackmagic’s Pocket Cinema Camera 6K Pro


DALLAS, Texas—Wooden Camera has announced that it is now shipping new kits and accessories for the Blackmagic Pocket Cinema Camera 6K Pro.

“The Blackmagic Pocket Cinema Camera 6K Pro has an amazing form factor and incredible image quality at an impressive price point,” said Dominick Aiello, senior director of accessories at creative solutions at Wooden Camera. “We want to make camera operators’ lives easier by providing them with the best tools available to optimize their camera,” .

Wooden Camera is offering individual accessory pieces starting at $99 as well as full kits starting at $847. Aiello goes on to say, “With our family of Wooden Camera accessories for the Blackmagic Pocket Cinema Camera 6K Pro, you’ll be able to access the full potential of this new powerhouse camera without adding bulk to your rig.”

Wooden Camera is part of The Vitec Group’s Creative Solutions division and are creators of professional camera support accessories for film and video production. Wooden Camera also has a retail location in Burbank, California, which serves the local film industry.

[robow] 28/6/2021 07:17

from Citywire

Shore Capital puts Vitec under review after surprise profit upgrade
Shore Capital has placed Vitec (VTC), which supplies equipment and services to the photographic and broadcast industries, ‘under review’ after an unscheduled trading update and 10% profit upgrade.

Analyst Tom Fraine placed his ‘hold’ recommendation ‘under review’, having downgraded the stock to ‘hold’ in May after a sharp rise in the share price.

‘We believe investing in Vitec represents a good opportunity to benefit from the trend of increasing independent video content creation,’ he said.

Fraine said the group is the ‘clear world leader’ in its field and its ‘economies of scale’ allow it to attract talent, develop products, and lower production costs, as well as use its ‘global distribution network to grow acquired companies that previously operated in few countries into global businesses’.

‘In the medium-term, we believe Vitec has opportunities to grow earnings through value-enhancing M&A, operational efficiencies, and the 4K replacement cycle,’ he said.

Shares in Vitec climbed 5.8% , or 80, to £14.55 on Friday.

[robow] 06/5/2021 07:48

materially above current market expectations


The Group's trading performance has improved faster than previously anticipated and, as a result, the Board now expects the Group's adjusted PBT for 2021 to be materially above current market expectations(1), even though some of our markets (particularly production sets in the US) are not fully open and we are expecting some electronic component shortages and capacity constraints.

[0rb1t] 22/4/2021 12:05

The delayed summer olympics should help here.

[novision] 14/4/2021 23:07

Trading update

Q1 2021 saw a continued good trading performance, with order intake and revenue broadly in line with the same period in 2019, despite our markets not being fully open. We continue to achieve high cash conversion and, while there will be some inventory build in H1 2021, we remain confident about delivering a strong cash performance for the year.

Although there remains some uncertainty about when our markets will fully reopen, particularly production sets in the US, and we are mindful of foreign exchange fluctuations and the shortages in electronic components, we are increasingly confident about delivering a strong recovery in 2021.

While 2021 will be a year of recovery and investment, we believe our markets will grow faster longer-term than we previously expected, and that we will deliver strong margin recovery.

[novision] 14/4/2021 23:05

Acquisitions and Trading Update

The Vitec Group plc ("Vitec" or "the Group"), the international provider of premium branded hardware products and software solutions to the growing content creation market, announces two acquisitions and a brief update on the Group's Q1 2021 trading and outlook.

-- Agreed the acquisition of Lightstream, for an expected total cost of $35.9 million (GBP26.0 million) in cash and shares. Completion is expected shortly. Lightstream develops cloud-based live production software to enable content creators, particularly gamers, to enrich their live video streams.

-- Acquisition of Quasar, for up to $6.1 million (GBP4.4 million) in cash. Quasar designs and develops a range of market-leading, innovative linear LED lighting solutions for cine-style applications.

-- The Group also provides a brief trading update regarding its existing operations and, despite some uncertainty about when markets will fully reopen and foreign exchange fluctuations, is increasingly confident about delivering a strong recovery in 2021.

Stephen Bird, Group Chief Executive of Vitec, commented:

"Lightstream is a world-leading live streaming software business. This acquisition enables Vitec to enter the substantial and fast-growing adjacent gaming market, adding innovative and complementary software for our live streaming customers and significantly expanding our customer reach. With Lightstream as part of the Group, we will be able to address the growing demand for cloud-based content creation as well as more than doubling our recurring revenue stream.

"Quasar products are highly complementary to our Litepanels brand and this acquisition will enhance our position as a leading player in the growing LED lighting market.

"These acquisitions are an excellent strategic and technological fit, have great medium-term prospects and are expected to increase our underlying revenue CAGR.

"This is an exciting time for Vitec as we continue to increase our higher technology capabilities and expand our total addressable market. I am delighted to welcome both talented teams to the Group."

Someone likes it !

[oldvic] 14/4/2021 16:45

somethings a foot here !!!

and im not talking about my ....

[novision] 21/1/2021 23:51

Very strong growth here over the last few months. Probably going to hit some resistance now we're at £10.00

[jonnybig] 30/11/2020 15:11

We're getting there...

[jonnybig] 26/11/2020 08:04

Hoping for a good rally on this today.

[scepticalinvestor] 26/11/2020 07:34

Not bad at all

[novision] 11/8/2020 16:08

Pretty bullish discussion in Q&A after the interim presentation on the VTC website. Looks good longer term and dirs have bought a few shares...