Vitesse Media Share Discussion Threads

[opaldouglas] 29/1/2014 12:15

In fact, all things considered its actually a pretty positive set of interim's. Relatively speaking of course.. for a company which is worth less than £1M!

25 September 2013

Vitesse Media Plc

Unaudited interim results for the six months ended 31st July 2013

Highlights:

o Like-for-like sales increased by 3.8% for the period to GBP1.002 million (H1 2012/13 GBP0.966k)

o Significant reduction in pre-tax loss for the period, down by 45% to GBP137k (H1 2012/13 loss GBP250k).

o Loss before depreciation, amortisation and share options charge halved to GBP97k (H1 2012/13 loss GBP196k)

o Revenue from events up 32% and like-for-like revenue for the SME business increased by 17%

For further information:




Vitesse Media plc 020-7250 7010
Executive Chairman: Sara
Williams
Executive Deputy Chairman:
Dave Smith



Westhouse Securities Ltd 020-7601 6100
Martin Davison



Kreab Gavin Anderson 020-7074 1800
Robert Speed

About Vitesse Media plc

Vitesse Media plc is a leading b2b media business, specialising in technology, SME business and high-net worth investment through events, digital activities, data and research. Our flagship titles include SmallBusiness.co.uk, Growth Company Investor, Information Age, GrowthBusiness.co.uk, and What Investment . Our intention is to grow our business through the development of innovative products and the acquisition of products and businesses in our fragmented b2b space. Vitesse Media plc is quoted on AIM.

Chairman's statement

Comment on the results for the six months to 31 July 2013

I am delighted to report an improving set of results for the interim period. The Company enjoyed an increase in turnover to just over GBP1m, while significantly reducing the loss before depreciation, amortisation and share options expense to GBP97k from GBP196k for the same period last year.

The events team delivered an impressive performance with overall sales up 32%. The principal event for this period was the M & A Awards, which showed strong growth. We also launched a brand new event in June, Techinvest, which has already gained a strong foothold in the technology venture space and will become an annual feature.

Like-for-like sales for the SME team also improved significantly, up 17% for the period, and the team worked with blue chips such as Microsoft, Fedex, Sage and Lloyds on specialist projects to deliver a pleasing result. Traffic for the web sites grew, with social referrals for both SME sites doubling.

The technology web site Information-Age.com has shown a marked and consistent increase in online and mobile traffic since its re-launch earlier this year.

Our investment products, What Investment and Growth Company Investor, increased subscriber numbers during the period and the re-launched What Investment web site delivered an outstanding improvement in visits, page views and user retention. The team worked hard to increase revenues from brand extensions, such as research and events.

Following a renegotiation of our bank financing, which resulted in a reduction of the credit facilities available to the Company, the Directors have agreed, if necessary, to provide a small loan to cover the reduction in the facility.

Outlook for the second half to 31 January and beyond

All teams are either working on the launch of new products or have secured new contracts in the period under review.

The events team has secured two new contracts to deliver in the first half of the 2014 financial year. The technology team is scheduled to launch the Information Age Knowledge Bank in the autumn, a new data service for companies. The investment team will launch a subscription investment newsletter in October/November, with a well-known editor on board.

Finally, the SME team has developed a new subscription product under the SmallBusiness.co.uk branding which will be launched at the end of September. This will be the first fully responsive online community in Vitesse Media's portfolio, and forms part of our key development strategy.

Recognising that the economic outlook for the second half remains challenging, the management continues to monitor costs, cash and investment very carefully. However, with the raft of new products planned, the Board continues to look forward to a more successful year.

[opaldouglas] 29/1/2014 12:12

Growth Company seems be ticking along nicely. From last interim's:

Our investment products, What Investment and Growth Company Investor, increased subscriber numbers during the period and the re-launched What Investment web site delivered an outstanding improvement in visits, page views and user retention. The team worked hard to increase revenues from brand extensions, such as research and events.

[bartolozzif] 29/1/2014 11:55

only one person left at Growth Company, wonder if they are planningto shut it down?

[blamont] 29/1/2014 11:53

Sorting out recent acquisitions I gather..

[bartolozzif] 29/1/2014 10:18

Heard five people made redundant

Not a sign of it doing well

[blamont] 29/1/2014 10:15

Yes - an interesting company with a lot of SME/Micro experience, ideal for a grown-up crowd funding platform. Expect more from Vitesse.

[opaldouglas] 28/1/2014 10:45

All rather quiet on this board. Anybody watching?

Interesting rns out this morning, coupled with recent interims things are looking promising.

£265k raised at a small premium to share price to develop crowd funding platform.

With the uptick in the UK economy VIS could be in the right place at the right time to benefit.

Following admission of 12 million new shares VIS is still valued a nudge over 1M.

OD

[tara7] 09/7/2013 10:47

Bit of buying this AM.

[tara7] 03/7/2013 07:49

This company has been running on Air since the start of the year.

They say the first 4 months of 2013 they lost 40% less than in 2012.

Have an idea that loss last year was not much, and the real loss last year came in the months of May and June 2012.

So they will

A; need some more cash to keep going.

B; have turned the corner and at B/E point or profit.

[New cash last year was at twice todays price.!!]DIRECTOR

Keep thinking an RTO may be on the cards as this mob state they want to grow FAST


Date of AGM due any day now.

[tara7] 10/6/2013 08:32

New director paid 4.75p a share for 20% of the company.

No talk of a de listing so they must have a game plan.

This mornings mark up must also be a pointer in my view.

[dlku] 10/6/2013 08:24

How much cash is left?

I ask because the (Loss) before tax (502,058)is high



Ouch!!

[tara7] 10/6/2013 07:42

No, they state the full accounts will be on company web page today.

[They are often not on an RNS.]

I also think they have a game plan.

RTO into VIS could be on the cards in my view.

Vis has been cleaned up, and has a £5M tax loss on the books.

Tiny market cap.

[dlku] 10/6/2013 07:35

Tara
Dont you thnk it misleadin/worrying that the notes to the accounts have been left out of the RNS release

What is being hid?

[tara7] 10/6/2013 07:29

"While the final element of our strategy is to continue to look for bolt-on acquisitions, the main priority last year was to focus on transforming the business internally into a digital, subscription, research and events company. However, as the business strengthens and grows, we expect this element of the strategy to become a higher management priority."

[tara7] 10/6/2013 07:21

Results out this morning:


"Significant like-for-like bottom-line improvement in Q1 2013"

[tara7] 04/6/2013 12:05

Did this guy come onto the board buying at 4.75p to

A: TIP HIS CASH DOWN THE DRAIN.

OR

B; GROW THE COMPANY FAST.?

Any new investor can buy shares today at half the price.!!!!!

"Mr Smith's acquisition of 7,368,421 new ordinary shares in the Company at a price of 4.75p, representing 19.4% of the issued share capital, became effective on 2 July 2012."

[tara7] 04/6/2013 07:31

Vitesse Media Plc – Providing Essential Insights



Our Strengths
Independent, unbiased opinion
Deep knowledge and expertise
Extensive reach to over 500,000 entrepreneurs and CEOs, advisers and investors per month
Creative and innovative solutions
Comprehensive databases
Strong customer relationships



We are the leading specialists in growth businesses – entrepreneurs and CEOs, their investors, advisers and suppliers.

Vitesse Media offers award-winning publications, fast-growing websites, exciting events and much-acclaimed research.

Our flagship titles include SmallBusiness.co.uk, Growth Company Investor, Information Age, GrowthBusiness.co.uk, What Investment, and Tax Guide UK.

Our intention is to grow our business quickly through the development of innovative products and the acquisition of products and businesses in our fragmented b2b space. Vitesse Media is quoted on AIM.

[tara7] 01/6/2013 09:40

MM drops the price on a buy.??

What fun it is watching how they work.

That MM did not want to sell the stock then.!

[tara7] 30/5/2013 14:21

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[tara7] 23/5/2013 07:14

VIS does seem to be in the right place at the right time, booming stockmarkets must help to sell what they have on offer.

SEE COMPANY WEB PAGE

[tara7] 15/5/2013 16:03

All this for under £800,000:

Results due next month.

Right place at the right time?[FTSE not far off all time high]

07 February 2013

Vitesse Media plc

Trading Update

Vitesse Media Plc ("the Company"), the AIM-quoted media business, today issues the following update ahead of the announcement of its full year audited results to 31 January 2013.
The Company's performance in the second half of the year improved, with the trading loss in the second half reducing considerably, both against the first half of the financial year and the corresponding period of the previous financial year.
Turning points have been reached in some of our key product titles. GrowthBusiness.co.uk, which was re-launched early in 2012, delivered like-for-like revenue increases in the final quarter of 13 per cent., compared to the same period the previous year. WhatInvestment.co.uk, which was re-launched just before Christmas 2012, saw traffic increase 40 per cent. in January 2013 compared to January 2012, assisted by the improving stock market conditions. In the Events division, our technology venture capital event, Investor All Stars, saw attendances reach a ten-year high. This week we expect to complete the final stages of our investment programme, with the re-launch of the SmallBusiness.co.uk and Information-Age.com web sites.
During the last two years, our databases have been reconfigured into Sales Force, all four of our major web sites have been completely overhauled, all our titles have been digitised and there has been an investment in social media to extend our marketing capabilities. Niki Baker was appointed CEO in September 2012 and the business was reorganised into four teams: SME Business, Technology, Investment and Events. This has led to a greater focus on driving results.
Bookings for the first quarter of the financial year 2013/4 have stabilised and the plans to launch two new digital subscription products and two new events during the first half are at an advanced stage.
Despite the difficult trading conditions, the directors believe that the changes implemented over the past two years mean that the company is now fully positioned to develop as a growing digital, events and research business and view the outlook as encouraging.

[tara7] 29/4/2013 12:02

Company web page looks like they have big plans going foreword, and a lot of hard work/investment into new products with high margins.

[tara7] 24/4/2013 12:12

Print is/has moved over to digital,that should lift margins.

[mally6] 24/4/2013 11:48

there was a 10k cash buy yesterday maybe just a punt or someone in the know put this on my watchlist stock to buy is limited.needs an update

[tara7] 24/4/2013 07:19

New director put his cash in at 4.75p last July that valued the company at £1.8M at the time.

Since that date trading has turned the corner.

Thing is, the valuation now stands in at under half of what he paid.