Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Started: picstloup, 8 Sep 2021 22:44
Last post: picstloup, 17 May 2022 10:29
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.
Last post: turnkey17, 12 Aug 2021 13:43
excellent trading update from the Vitec team. Trading ahead of expectations yet again
Started: picstloup, 5 Aug 2021 17:12
Last post: picstloup, 5 Aug 2021 17:12
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
Started: wherethefoxhat, 6 May 2021 09:37
Last post: jimbren, 24 Jun 2021 08:49
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)
???????
Started: picstloup, 6 May 2021 09:58
Last post: picstloup, 6 May 2021 09:58
"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.
Started: wherethefoxhat, 14 Apr 2021 16:56
Last post: wherethefoxhat, 14 Apr 2021 16:56
deffo
i feel about to glide upwards
Started: picstloup, 21 Feb 2020 23:22
Last post: sharehunter3, 1 Jul 2020 10:12
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
Last post: KSH321, 28 Nov 2019 15:41
I'm surprised this share has not moved at all in the last 6.5 hours... In at 1,000
Last post: markparker, 28 Nov 2019 10:44
Compadre..
Hello...Shall we buy in at these levels?
Did you enjoy ZTF bounce ?
Any current watchers here?
Started: Dar-, 11 Jun 2017 09:31
Last post: Dar-, 11 Jun 2017 09:31
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
Started: humblebynature, 2 Dec 2015 20:57
Last post: humblebynature, 2 Dec 2015 20:57
Vitec Group has appointed Apc Technology (APC) revenue of £309.6m. http://www.ipesearch.co.uk/page_656779.asp
Hello Shan...Three years later are you still invested here? Would you invest now? Cheers
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.
Started: larryh, 23 Feb 2015 18:15
Last post: larryh, 23 Feb 2015 18:15
Or perhaps I was getting mixed up with Microvitec?
Started: larryh, 18 Dec 2013 18:18
Last post: larryh, 18 Dec 2013 18:18
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.
Vitec's shares trade on 12 times forecast earnings, which looks undemanding compared with industrial stocks and broadcast-equipment companies generating similar gross margins. It now has a focused portfolio of businesses with strong brand names in exciting niche markets
Admittedly, defence work is lumpy and orders from the US Department of Justice - worth $7.6m (£4.8m) last year - were much lower. Yet sales of wireless products for US state police helicopters still grew, ensuring divisional profits jumped 40 per cent to £8.4m on sales up 12 per cent to £74m. And Vitec's share price will respond well to news of US government-funded contracts when they come. And imaging - Vitec's photographic unit - is exciting. Organic sales grew 4 per cent, despite the problems at staging, and profits rose 8 per cent to £10.4m. More professional photographers are buying its equipment and amateur snappers love the new premium, Manfrotto Powerbrand products, driving market share gains in the US and Europe. Hiring broadcast equipment for Olympics coverage also proved lucrative for the much smaller services division, which will ship kit to the US for November's presidential election. There's plenty to drive Vitec's share price. Broadcast and video markets are expected to grow 7 per cent a year, and both the photographic and military sectors by 5 per cent. True, Vitec's bosses did not upgrade their full-year profits guidance when reporting half-year figures, but there is potential for an earnings surprise, given £10m of Olympics money is still to come, the US election and the sale of the staging division.
Vitec has put sophisticated cameras in some odd places, most recently London's Olympic swimming pool and the Big Brother house. Now, its antennas and telemetric systems have reached Mars, but its bosses have their feet firmly on the ground. So, after a big strategic push and strong results, Vitec's shares look worth buying. That Vitec got to the red planet at all is down to Haigh-Farr, a US company it bought in December. Its kit, which is fitted to the parachute cone of the Mars entry vehicle, beamed data to the boffins at NASA. Haigh-Farr makes miniaturised transmitters for military drones and guided missiles, too, and is already generating profits for Vitec. It's a similar story at Camera Corps (CC), which cost just £8m in April and sits within Vitec's Videocom division, which makes a living from broadcasters and selling to the military, aerospace and government sectors. CC has already chipped in £1.4m of revenue and operating profit of £0.3m, and will do more in the second half after supplying small remotely operated high-definition cameras for the Olympics. These are smart acquisitions, but management, led by chief executive Stephen Bird, is not afraid to sell, either. Clear-Com, an underperforming wireless audio equipment business, went in 2010 and offloading the low-margin staging business last month looks sensible. That operation lost £0.5m in the first half of 2012 after sales slumped by a third and its disposal will cost Vitec over £2m. Its disposal will help return profit margins to pre-recession levels this year. Mr Bird thinks margins in the mid-teens are achievable. They leapt 1.6 percentage points in the first half of 2012 to 10.7 per cent, generating 21 per cent growth in underlying operating profit - 9 per cent excluding acquisitions - to £18.9m, from a modest increase in sales. Videocom did best. Of course, Haigh-Farr and CC helped, but there was strong demand among Asian broadcasters, especially for high-definition kit, LED lighting and robotic camera pedestals. Vitec is already working with Al-Jazeera as it refits studios in Qatar, and major projects elsewhere in the Middle East and South Korea are in the pipeline.
Vitec's shares trade on 12 times forecast earnings, which looks undemanding compared with industrial stocks and broadcast-equipment companies generating similar gross margins. It now has a focused portfolio of businesses with strong brand names in exciting niche markets..........but as always dyor gl all
Admittedly, defence work is lumpy and orders from the US Department of Justice - worth $7.6m (£4.8m) last year - were much lower. Yet sales of wireless products for US state police helicopters still grew, ensuring divisional profits jumped 40 per cent to £8.4m on sales up 12 per cent to £74m. And Vitec's share price will respond well to news of US government-funded contracts when they come. And imaging - Vitec's photographic unit - is exciting. Organic sales grew 4 per cent, despite the problems at staging, and profits rose 8 per cent to £10.4m. More professional photographers are buying its equipment and amateur snappers love the new premium, Manfrotto Powerbrand products, driving market share gains in the US and Europe. Hiring broadcast equipment for Olympics coverage also proved lucrative for the much smaller services division, which will ship kit to the US for November's presidential election. There's plenty to drive Vitec's share price. Broadcast and video markets are expected to grow 7 per cent a year, and both the photographic and military sectors by 5 per cent. True, Vitec's bosses did not upgrade their full-year profits guidance when reporting half-year figures, but there is potential for an earnings surprise, given £10m of Olympics money is still to come, the US election and the sale of the staging division.
Vitec has put sophisticated cameras in some odd places, most recently London's Olympic swimming pool and the Big Brother house. Now, its antennas and telemetric systems have reached Mars, but its bosses have their feet firmly on the ground. So, after a big strategic push and strong results, Vitec's shares look worth buying. That Vitec got to the red planet at all is down to Haigh-Farr, a US company it bought in December. Its kit, which is fitted to the parachute cone of the Mars entry vehicle, beamed data to the boffins at NASA. Haigh-Farr makes miniaturised transmitters for military drones and guided missiles, too, and is already generating profits for Vitec. It's a similar story at Camera Corps (CC), which cost just £8m in April and sits within Vitec's Videocom division, which makes a living from broadcasters and selling to the military, aerospace and government sectors. CC has already chipped in £1.4m of revenue and operating profit of £0.3m, and will do more in the second half after supplying small remotely operated high-definition cameras for the Olympics. These are smart acquisitions, but management, led by chief executive Stephen Bird, is not afraid to sell, either. Clear-Com, an underperforming wireless audio equipment business, went in 2010 and offloading the low-margin staging business last month looks sensible. That operation lost £0.5m in the first half of 2012 after sales slumped by a third and its disposal will cost Vitec over £2m. Its disposal will help return profit margins to pre-recession levels this year. Mr Bird thinks margins in the mid-teens are achievable. They leapt 1.6 percentage points in the first half of 2012 to 10.7 per cent, generating 21 per cent growth in underlying operating profit - 9 per cent excluding acquisitions - to £18.9m, from a modest increase in sales. Videocom did best. Of course, Haigh-Farr and CC helped, but there was strong demand among Asian broadcasters, especially for high-definition kit, LED lighting and robotic camera pedestals. Vitec is already working with Al-Jazeera as it refits studios in Qatar, and major projects elsewhere in the Middle East and South Korea are in the pipeline.