Videndum Share Discussion Threads

[phillipstrong] 22/11/2006 10:01

spiked me out i'm afraid, will wait and see where it goes over next few days before jumping on board again. Don't really want to be out of these but need to wait for my fingers to cool.

[iandippie] 22/11/2006 07:02

ps - look at the chart. not the 1st or 2nd time this has happened. Let's see what today holds...

[colin hart] 20/11/2006 17:31

quiet here,mentioned on ones to watch page.

[cockneyrebel] 17/11/2006 12:42

on the cusp of a break out.

CR

[v11slr] 16/11/2006 19:22

If you like quiet threads you should look at Mouchel Parkman (MCHL). Now that's quiet. :-)

[cockneyrebel] 16/11/2006 18:02

Would be good to add the links above in on the new thread Cambium. The subsidiary one is worth a read, shows you the various divisions and what they do.

A strange share, seems to get lots of tiny share trades fidgeting the price about then today, what looks like 110K sells and it doesn't move down.

Adjusted eps of 16.8p in H1 compared to 10p in the same period last year means the 33.6p eps forecast for this year looks easily meetable if not beatable by some way.

Media co's are re-rating out in the states, seems anything to do with media is back in vogue.

Earnings look like being up at least 50% this year, possibly a fair bit higher. The yield is around 3%.

Net debt H1 down to to £6.8m from £18.8m in H1 2005.

Cash generation more than doubled in H1 to £11.2m

Photgraphic dept operating margins up to 18% from 15.6%. (44% of co.)
Broadcast systems margins up to 5.9% from 5.4%. (46% of co.)
Broadcast services division up to 6.7% from 2.4% (14% of the co.)

"Outlook - While the rest of the year will not see the sporting events that helped us in the first half, and the foreign exchange environment is currently worse than earlier in the year, the second half has got off to an encouraging start. Order intake remains good and we believe the underlying demand for our products will continue to be supported by the trend to HD programming by broadcasters and by the growth in sales of digital SLR cameras."

Director buying : 2000 @ 5.39p Nov 7th, 3700@ 5.39.5p Nov 8th.

Looks like a business doing well and heading in the right direction to me.

CR

[cambium] 16/11/2006 17:01

A Snapshot of The Vitec Group

Vitec is an international Group principally serving customers in the broadcast, photographic and military, aerospace and government (MAG) markets. Listed on the London Stock Exchange with 2010 revenue of GBP310 million, Vitec is based on strong, well known, premium brands on which its customers worldwide rely. Vitec is organised in three divisions: Imaging & Staging, Videocom and Services.

Imaging & Staging designs, manufactures and distributes equipment and accessories for photography, video and events.

Videocom designs and distributes systems and products used in broadcasting and live entertainment, film and video production and MAG.

Services provides equipment rental, workflow design and technical support for camera, video, audio, fibre optic and wireless technology used by TV production teams and film crews.

[cambium] 16/11/2006 17:00

You guys here aswell, fantastic. Sorry but I am starting a new thread,

[cockneyrebel] 16/11/2006 12:18

High V11SLR

Yep, I love dead threads too. This is also nicely illiquid despite trading on SETS'MM's. Dare say you can only while it's quiet and if we get a rush on news it will be fun.

Chart looking good too.

CR

[v11slr] 14/11/2006 19:57

Richard - you're not on your own. Been here since the middle of last month, I just like it when threads are very quiet!

[chester] 14/11/2006 19:30

CR - Thank You for bringing this one to my attention.

[cockneyrebel] 14/11/2006 19:23

Amazed how quiet this thread is

Looking at the interim results I see this:

EPS up from 9p to 18.2p - that's up 100%+

Cash generation doubled to £11m in the 6 months.

Sales were up 20%, operating profit up 48%.

3% yield.


They said this:

"As discussed in previous reports, our 'Consolidate-Leverage-Grow' strategy is producing ongoing benefits and, with the great majority of the restructuring behind us, the emphasis is on growth. Of the 19.9% overall revenue growth, 17.9% was organic, with 2.0% from the acquisition of the two Israeli camera bag companies, Kata, acquired in May last year, which contributed 5 months' more sales, and Petrol, acquired in January 2006. Both continue to trade well and in line with expectations......

"At the end of 2005 we were unsure whether the increase we had seen in broadcast spending was due purely to spend in advance of the football World Cup - that level of activity has clearly continued through the first half and into the opening period of the second half. The increasing importance of High Definition (HD) programming has resulted in our broadcast clients spending more in the production part of the broadcast chain than in recent years. This has translated into a higher level of orders for our products. We have seen no signs in the market to believe that this level of activity will slow down. The Costa Rican facility is running significantly ahead of last year, and we will be investing there to widen the capability of the plant.

The Camera Support unit is enjoying levels of sales not seen since 2001 across all its five main brands, partly due to the HD-led recovery and partly due to the aggressive launch of new products. We launched another 18 products at the NAB show in April, including the revolutionary FUSIONTM robotic system.

------------------

Eps looks like it could be well ahead of expectations imo - last 3 halves eps - 9p, 14p, 18p.

20p+ looks well likely in H2, 22p+ on the current growth rate - that would be 40p, nearly 80% earnings growth on a fwd PE of 11-12 perhaps? Good cash generation, directors buying.

Never thought I'd be on my own in something like this - not a post since April when I looked here a few days ago.

VTC supply equipment for the digital camera and HDTV sector - these seem like two of the hottests sectors to me, I bought a digital SLR myself for £2K recently and am looking at a HDTV purchase too and I'm one of the slow guys when it comes to tech stuff like this.

Worth popping on your watchlist imo - chart looks like it could break through the long term highs.

CR

[cockneyrebel] 14/11/2006 16:22

Breakout - and it's only little me here?

CR

[cockneyrebel] 13/11/2006 13:04

VTC - last 3 halves eps - 9p, 14p, 18p..........if that rate is maintained they do 22p in H2, 40p for the year, would mean 48p+ next year. That would be miles ahead of forecast. Not saying they will but that's the potential.

Can't see that growth staying on a fwd PE of 11 myself if they achieve this. Even if they get a small way towards it they'll be well ahead of forecasts.

CR

[cockneyrebel] 10/11/2006 11:07

Hmmm, a media related co tho Liarspoker so likely to trade on a PE a bit higher than many.

Market forecasts for 32p this year - if they do turn in 40p they would move substantially imo. That would nean a big upgrade to next year Liarspoke

Cash generation doubled to £12m in H1.

Chart starting to turn up and directors buying.

I think it has attractions Liarspoker - especially with the BB so dead I don't thing there's much excitement in the price.

CR

[liarspoker] 08/11/2006 12:01

Pretty pricey though CR.

P/E of nearly 13. If they grew by 25% next year they would still have a P/E of over 10. The director buys look nice though.

If you are in I wish you well. :O)

Edit: I am assuming that this is a turnoaround situation. Falling EPS yr on yr since yr end 2001. Looks like it's turning in 2005/06 though.

[cockneyrebel] 08/11/2006 11:51

Is the market sleeping here?

I see two director buys in the last two days. I see they did 18p eps in H1 despite taking a currency hit. Looks like 22p could be done in H2 on that momentum. That would be 42p in the current year when 32p is forecast.

Interesting that the directors are buying 2 months prior to the year end too.

Not a post on this BB since April - at least it isn't being hyped from what I can see.

Worth keeping an eye on in case they have a year end trading statement perhaps.

CR

[bigbobjoylove] 11/4/2006 15:36

somebody loading up with these via the order book.

[ianmckean] 10/4/2006 21:18

Very interesting. Without wishing to ramp it seems to me that the price movement could very well mean corporate action is in the offing.

[bigbobjoylove] 10/4/2006 20:49

we have breakout.

[ianmckean] 15/3/2006 16:29

Well maybe I got suckered into that, but perhaps he had to phone the company broker to see if there were any rumours going the rounds. When companies deny things it often means there's something brewing. Time will tell.

[swalker] 15/3/2006 12:14

No reason known. Seemed surprised by the move.

Oh well, back to sleep.

[swalker] 15/3/2006 12:00

Well now. Thats most odd. Moving back down now after being 11% up now "only" 5.6% up still on v good volume for the day.

Ive a call in to the FD will report what he says but it doesnt sound like they know of any reason as he had to phone the company broker first.

[ianmckean] 15/3/2006 11:27

Looks like it! I have just bought a few more, pity I did not react a bit sooner as I had to pay 527.2p, but if there is a bid I should be OK. If not I paid well over the odds, but c'est la vie.

Ian