Standing on a PER under 10x and with a yield of 4.6% we think that Vitec is very attractively valued given its leading positions in growing markets. This valuation probably reflects the market’s concern over growth prospects given the headwinds seen in recent years, particularly from FX and the decline in Photographic markets, and also the “lumpy” nature of the contribution from its service activities, which are heavily influenced by major events such as this year’s Ol
18 May 2016
AGM Update – Trading in line with expectations
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AGM Update – Trading in line with expectations
Videndum PLC (VID:LON) | 287 0 0.0% | Mkt Cap: 270.4m
- Published:
18 May 2016 -
Author:
Chris Thomas -
Pages:
4
Standing on a PER under 10x and with a yield of 4.6% we think that Vitec is very attractively valued given its leading positions in growing markets. This valuation probably reflects the market’s concern over growth prospects given the headwinds seen in recent years, particularly from FX and the decline in Photographic markets, and also the “lumpy” nature of the contribution from its service activities, which are heavily influenced by major events such as this year’s Ol