Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Agm statement: "2022 has started strongly, with a record performance for orders, revenue and profit for the four months ended 30 April 2022".
Might dip in for a few more when soe divis arrive this week - I've bought a couple of tranches in my ISA since April, taking my average up to nearly £9.
Changing the name to "Videndum" which seems both pointless and fatuous.
https://www.stockopedia.com/articles/keep-an-eye-on-the-momentum-at-vitec-238334/
excellent trading update from the Vitec team. Trading ahead of expectations yet again
Almost 10% up on no news, a week before half year results. Anybody taking bets the PBT for the half is over £20m? Perhaps I should top up again
Yes! Patience rewarded.
Yep, this is so under the radar. Been here a while quietly accumulating. Just waiting for the hordes to arrive and the then the party really starts :o)
"the Board now expects the Group's adjusted PBT for 2021 to be materially above current market expectations" - which explains the current 8% jump in share price.
???????
deffo
i feel about to glide upwards
good to see another move up
had planned to watch ncyt today ,as had been thinking might see a decent rise there with rns due
for sales update likely this week going by past dates ,
share price dropping as no rns this morning
happy to watch shares like vtc whick moving up
at £9.78. Looks good to me, and need to find somewhere to park my Daejan takeover cash. Well covered divi, decent eps
I'm surprised this share has not moved at all in the last 6.5 hours... In at 1,000
Compadre..
Hello...Shall we buy in at these levels?
Did you enjoy ZTF bounce ?
Any current watchers here?
Hello Shan...Three years later are you still invested here? Would you invest now? Cheers
The growth of this company in last 3 months is very acceptable from £7.35 to just over £10. is just over 35%. Glad I purchased in March
Vitec Group has appointed Apc Technology (APC) revenue of £309.6m. http://www.ipesearch.co.uk/page_656779.asp
Latest interim results from Vitec (VTC), an equipment supplier to the global broadcast and photographic markets, initially don't inspire. Profit/earnings are down over 16% and management appears to caution: "Although we see some signs of stabilisation, our markets are still uncertain." Yet the stock is edging up to test 630p in a 2015 range of 600-670p and the day before the results Royal London Asset Management declared it had gone over the 5% stake level. It's an example of how stocks in firms that are strongly established in their markets, but undergoing some kind(s) of setback, offer genuine investment value. They are getting harder to find now the market is polarising between those affected by deflationary fears, and growth plays on very high ratings. Risk/reward profile is attractive Capitalised at £280 million in the FTSE SmallCap index, this is a business of substance - it made a pre-tax profit in a mid-£30 million range last year on over £300 million turnover. Its stock trades on a forward price/earnings (PE) multiple of 11, reducing to 10 times, and the prospective yield is 4%, expected to be covered 2.3 times by earnings. This implies limited downside risk, barring a major economic shock, as the dividend is meaningful and well-supported. As and when earnings improve, it will also help a re-rating as the market would see less need to price the stock modestly (i.e. to exact a 4% yield as compensation for risks). Admittedly, 2015 profit/earnings are expected to be down on 2014, reflecting weak photographic markets. However, there are reasons to be positive about the medium term. Vitec's long-term context involves a financial hangover from a severe downturn in the broadcast market during 2009, also various ill-considered acquisitions and strategic moves in the early 2000s. Yet a new chief executive since then has restructured the group, disposed of non-core loss-makers, re-focused R&D and moved manufacturing into low-cost countries. The effects are taking time to be recognised in the financial results due to variable markets, yet the chief executive has re-invested his bonus and dividends into the stock over the last two years, which bodes well.
Or perhaps I was getting mixed up with Microvitec?
when vitec was around 40p when i first began share trading in the early 1990s! Amazing. gla
530p ;)
at c550p methinks ...
Vitec Group: Investec upgrades from hold to buy, target price of 675p maintained.
Vitec Group's Chief Executive Officer, Stephen Bird, has traded in 78,439 shares in the broadcast products group for 'personal financial planning reasons'. The shares were sold for 712.00p for a total of £558,486. The stock has performed well over the past 12 months, rising over 40%. In August the company reported growth in profits and margins in the first half, but said it was difficult to predict what the future held. Revenues in the six months to the end of June were up 2.7% to £176.5m, while profits came in at £17.5m, up 15.2% on the previous year, and the firm increased its interim dividend 6.3% to 8.5p per share.