vis2 Jan 2018 11:26
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