Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
As far back as 2019 when it was Vitec Group, I concluded on this company ‘a circa 1000p share price capitalises the company at still more than £450 million. With the further outlook risks, currently avoid/sell’. More recently, having been renamed Videndum (VID), in October last year with the shares at 46p I questioned how “constructive” really its deleveraging progress and concluded, from a £47.7 million market cap, still very much caveat emptor, bargepole/sell before warning again with the shares falling towards 15p in December. The company is now “pleased to announce the final terms of its comprehensive refinancing”… but the shares have currently responded approaching 55% further lower to around 4.5p. Hopefully my warnings were heeded! And what’s the situation now?
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.