Vitesse Media Share Discussion Threads

[multibagger] 01/2/2018 08:19

Excellent progress in the Events Division....

RNS Number : 6011D
Vitesse Media PLC
01 February 2018

1 February 2018

Vitesse Media plc
("Vitesse", "Company" or "Group")

Events Division continues to grow

Vitesse Media plc (AIM: VIS), the AIM-quoted digital media and events business, is pleased to announce the success of three influential events that took place across London yesterday, namely; The Grant Thornton Quoted Company Awards, Women in IT Awards and the Tomorrow's Tech Leaders Today careers fair. As previously announced, sales for all three events are expected to be ahead of budget.

The Grant Thornton Quoted Company Awards:

The Grant Thornton Quoted Company Awards in its 14th year was once again a hugely successful event that celebrated the UK's smaller quoted companies which make a vital contribution to the UK economy. Attendance reached 650, up 10 per cent on the prior year.

hxxp://www.quotedcompanyawards.com/

Women in IT Awards:

Women in IT Awards saw attendances reach 1,160 which is up 29 per cent compared to the prior year and 169 per cent since the event's inception four years ago. This event continues to be very well received and helps to address the vital issues of gender inequality. The event which was organised by the Group's business technology magazine, Information Age, has quickly become the world's largest technology diversity event staged.

hxxp://womeninitawards.com/

Tomorrow's Tech Leaders Today:

As part of the Group's stated strategy, the Tomorrow's Tech Leaders Today careers fair is one of two female only events that the Group has launched, aimed at addressing the imbalance of women in science, technology, engineering and mathematics careers. In its third year, the event saw upwards of 300 attendees which shows the importance of tackling the gender inequality issues many face today in the workplace.

hxxp://www.tomorrowstechleaderstoday.uk/

Simon Stilwell, Chief Executive Officer of Vitesse Media, said:

"We are really pleased with the overwhelming success of these three events. Our events division continues to show the benefits of long-term engagement with sponsors and other key partners. Our leading position on gender diversity will be further strengthened in March 2018 when we will be launching our first Women in IT Awards in the USA as well as the Future Stars of Tech in June 2018."

[tomboyb] 23/1/2018 13:19

Don't know if anyone has read the AIMZINE article but a fair account of VIS -

The company is in a turnaround and would of turned a profit if not for recent additions to the management -

Building up the company and sacrifice profits -

Stilwell has a good track record so a little patience for this and exactly to tuck away -

[tomboyb] 19/1/2018 09:56

Thanks -

Just registered to view -

IMO VIS is one to tuck away in the portfollio -

A v strong management team in place here -

[qs99] 09/1/2018 08:14

So tightly held, no movement on the opening. Why sell now IMO, new management have to earn the spurs, then judge them on their delivery of their plan IMO>....DYOR etc

[qs99] 09/1/2018 07:53

Exactamondo tomboyb, my point entirely. Any new team will clear the decks, kitchen sink, whatever you want to call it, the old management's numbers....then judge them on the "from there" element.....patience required. DYOR

[tomboyb] 09/1/2018 07:51

Morning guys -

Very strong appointments again -

FY small profit to loss -

I don't think it too significant as the company is building an entirely new team -

A bit of patience will be required -

[qs99] 09/1/2018 07:49

This is well backed financially and now has a "full" and experience team to make things happen, they will be judged on that. M&A will be part of this I am sure which will help profits as long as they can keep the share price up. Cannot judge them IMO until M&A becomes clear and/or interims of full year 2018/19. Anything before Larva is just white noise mate. With 3 months to go in this FY and having cleared the decks, new management in, fund raising done/completed, it is 1 April 2018 onwards IMO that they will be judged by the city, let's see. DYOR

[larva] 09/1/2018 07:37

Thise three guys probably add 250k -400k to the cost base so prob no profit next year

[qs99] 09/1/2018 07:33

Not surprised: new management team clearing the decks, to be expected IMO as that is exactly what any of us would do. Gives new management a clean start to the NY from hence they will be judged no? DYOR

[larva] 09/1/2018 07:16

Profit warning today, wrapped up in a lettuce leaf

Thin gruel again

[tomboyb] 03/1/2018 13:22

Online traffic has been steadily increasing which is a big area they could focus on -

At the moment a strong management team in place to grow the company this year -

See the crudentials -

They speak from themselves -

[qs99] 03/1/2018 13:19

Thanks MB will take a close look.

[multibagger] 03/1/2018 13:17

VIS liquidity is very tight - took another 225k at 3.78p

Will average up on new share price highs backed by above average volumes.

Good luck all :)

[multibagger] 03/1/2018 13:16

Thanks QS99 and best wishes to you too :)

O/T - below is a potted investment case for ARC (already posted on the VLG thread with minor addition on here)

ARC
Been in ARC for several years ago now. Stickiness of blue chip customers (only 2 customer losses over 10 years apparently), strong cash generation rate, no debt, hold about £2.6m cash, and now dividend paying (progressive policy indicated). New products in trials at 5 Tier 1 banks and participant in Symphony and OpenMAMA forums which could widen the addressable market. Very conservative, low key management and accounting style - the typical boring but solid company with high barriers to entry. Management seem quietly confident. Anthony Cross, fund manager of Lion Trust fame has about 14% of ARC in his personal capacity.

[qs99] 03/1/2018 12:49

Well done you MB, i'll take a look at ARC...this one looks set fair to double by end of Jan at this rate haha!! DYOR and gla....

[multibagger] 03/1/2018 11:44

I took another 100k this morning....Anthony Cross holding a fair bit here is what interests me. He's a pretty astute investor to say the least.

He also hold over 14% of ARC - another holding of mine.

[qs99] 03/1/2018 09:30

Looking strong indeed, very little stock so just gets squeezed even more IMO with every purchase...GLA

[tomboyb] 03/1/2018 09:15

Blue start for VIS -

Looks like we are heading to 4p from these levels -

strong board -

[qs99] 02/1/2018 15:04

Great thanks mate. lSe was just vv slow in loading in the end

[babbler] 02/1/2018 11:52

Tipped pre-xmas: Babblers Best Buys for 2018: VIS: Current Price: 2,75 ask Year high: 3.5 ask. MCAP 4.5M Reasons to buy: 1.New management new direction. 2. Management have been buying recently. 3. No debt. 4. Revenues 1m 5. Website traffic increased by 63%, compared to 2016 6. Axn oversubscribed capital raise to provide funds for growth and investment in a new growth strategy. Near term drivers: The Group continues to assess acquisition opportunities to complement our growth strategy. Theyare already assessing some exciting opportunities that they hope will meet our criteria. Areas of interest have the following characteristics: a widely distributed community that needs content to remain informed and/or compliant, a need for networking to develop business and communicate, and conferences or awards events to get together and celebrate success. Downsides: Low liquidity, loss at last report and low price of 1.63. Vitesse Media plc is an AIM-quoted leading B2B media business specialising in events, digital activities, data and research across four key sectors: Technology, Investment, Diversity and SME. Vitesse's ambition is to create content that informs, communities that engage and brands that inspire in order to enable a better business environment for our sponsors and clients.

[babbler] 02/1/2018 11:45

Just a basic write up about pros and cons. Will post when I can.

[qs99] 02/1/2018 11:31

OK struggling to access mate, so any clues would be gratefully received!

[qs99] 02/1/2018 11:29

will take a look thanks.