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VTC Videndum Plc

1,290.00
0.00 (0.00%)
27 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Videndum Plc LSE:VTC London Ordinary Share Ordinary Shares
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1,290.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1,280.00 1,288.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,290.00 GBP

Videndum (VTC) Latest News

Real-Time news about Videndum Plc (London Stock Exchange): 0 recent articles

Videndum (VTC) Discussions and Chat

Videndum Forums and Chat

Date Time Title Posts
25/5/202214:07Spectacular growth here at VTC254
24/12/201011:33The Vitec Group Thread4
16/11/200619:22Why no discussions on VTC ??96

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Videndum (VTC) Most Recent Trades

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Videndum (VTC) Top Chat Posts

Top Posts
Posted at 23/5/2022 13:49 by philanderer
RNS

Further to the Company's announcements of 1 March and 17 May 2022, the change of the Company's name from The Vitec Group plc to Videndum plc has become effective today.The Company's change of name and change of Tradable Instrument Display Mnemonic ("TIDM") from VTC to VID will therefore become effective on the Official List of the FCA and the Main Market of the London Stock Exchange from tomorrow, 24 May 2022. Videndum plc shares will continue to be traded on the Main Market of the London Stock Exchange.

This change of name helps to differentiate us from other companies around the world who also operated under the Vitec name, andit was also necessary to avoid financial penalties under a now-settled dispute with a third party with deemed prior rights to the Vitec name in various territories
Posted at 17/5/2022 13:07 by philanderer
And there was. Happy to hold.


Jefferies cuts Vitec price target to 1,760 (1,860) pence - 'buy'

ShoreCap reiterates 'buy'
Posted at 05/4/2022 10:15 by philanderer
‘Very attractive’ Vitec moving in the right direction


Videography hardware and software group Vitec (VTC) has moved in the right direction over the last few years, with successful acquisitions building on attractive organic growth opportunities, according to Jefferies analyst Andy Douglas.

Vitec is well-positioned for strong growth going forward, with exposure to the growth in streaming and vlogging, while all three of its divisions are displaying better growth characteristics than a few years ago.

At meetings last week, company management outlined that about 75% of the group is exposed to end markets that are growing at double-digit rates, and there are recovery opportunities across much of the remaining 25%, making for a ‘very attractive’ proposition, Douglas said.

‘We expect a positive price pass-through in the current year, and we believe that this positive pricing dynamic reinforces our belief that there are very strong brands across the group, with market-leading products and technology,’ said the analyst.

Jefferies recommends ‘buy’ with a target price of £18.60. The shares were flat at £13.60 on Monday.


citywire.com
Posted at 15/3/2022 11:05 by philanderer
Berenberg cuts Vitec price target to 1,590 (1,840) pence - 'buy'
Posted at 14/3/2022 16:51 by km18
...from last year...

Company overview:
Vitec is a leading premium branded hardware products and software solutions provider for the content creation market. The group designs, produces and supplies various types of equipment, such as camera supports, video transmission systems, live streaming solutions, smartphone accessories, robotic camera systems, lighting, audio and noise reduction solutions. Vitec operates through 1700 employees across 11 countries and 3 divisions: imaging, Production and Creative solutions. The focus here is primarily on high quality products. Growth is blended, with constant innovations and geographical expansion firmly supported by numerous acquisitions in the last decade. A quick look at the balance sheet reveals goodwill at roughly 20% of total assets, could be better and it seems part of it was impaired in 2020.
when we look at last year we can see the C19 impact – revenue was down by 22% causing a domino effect down the profit and loss ultimately resulting in a net loss of £5.3m. On the plus side, the company did not cut its R&D expense maintaining its forward-looking strategy. Heavy investments in the last decade come with leverage, as debt continuously rose. Latest interim update brings another acquisition with debt, however FCF was very strong comfortably covering the dividend declared and the lease additions. What would get your hearth going is looking at the tables. Revenue has almost reached 2019 levels and this trend is channelled down through the income statement. Adjusted basic EPS are at 32.7p which is nothing like the losses from 2020 H1 and are just 18% short of 2019 levels (bear in mind that no shares have been issued in the period). Outlook builds up on the report with strong H2 start and July/August order intake likely 20% above 2019. Management expects to grow faster than pre-pandemic due to the permanent structural market changes. These factors support company’s outlook for PBT FY 2021 to be ahead of current forecast.

Projects:
2 new acquisitions – Lightstream and Quasar

Short analysis (interim):

Cash went down in H1 from December by negligible 2%
Net debt at £102m, and would be nice if it is reduced, or at least if we see growth rate in revenue matching the amount of risk undertaken by this leverage
CA/CL =  1.77
Cash ratio  = 0.19
Interest coverage = 8.94 for the H1 2021
P/S TTM = 2.35
BV ps (2020) = 318, growing at 2.28% CAGR
Operating profit was £17m, which is just 10% shy of Covid-free 2019
Gross profit Margin = 44%, exactly matching 2019...

...from WealthOracleAM
Posted at 05/3/2022 14:51 by melody9999
ITV going head to head with the streamers (Netflix, Amazon etc) and investing much more heavily in content - £1.23 billion this year and £1.35 billion in 2023.

Hope VTC can get some of this business - but in any case points its a good signal.
Posted at 12/1/2022 14:50 by philanderer
JEFFERIES RAISES VITEC GROUP PRICE TARGET TO 1,960 (1,925) PENCE - 'BUY'
Posted at 05/1/2022 14:23 by philanderer
(Alliance News) - Facilities by ADF PLC began its first day of trading on AIM on the London Stock Exchange PLC on Wednesday.

The Bridgend-based film production company raised GBP18.4 from the placing of 36.8 million ordinary shares at 50 pence per share. The deal was underwritten by Cenkos Securities PLC.

Shares in ADF were up 2.3% to 55.25p each just after midday in London on Wednesday.

The company started trading with a GBP37.8 million market capitalisation.

The funds raised will be used to purchase new capital equipment.

ADF hopes to capitalise on the UK's "boom in investment in infrastructure and high-end TV & film production," said chief executive officer, Marsden Proctor.

It is targeting a revenue of GBP100 million, but did not give a timeframe for this.

Chair John Richards commented: "The funds raised will further strengthen the company's financial position in continuing to meet increasing demand and will also raise the Company's profile as a leading provider of premium facilities to the film and HETV industry."

The British Film Institute predicts the making of film and television shows will have reached GBP6.0 billion in 2021, doubling from 2020.
Posted at 17/8/2021 11:38 by robow
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.’
Posted at 28/6/2021 07:17 by robow
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.
Videndum share price data is direct from the London Stock Exchange

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