New Risk • Sep 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£6.79m (US$8.88m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 4.9% per year over the past 5 years. Market cap is less than US$10m (UK£6.79m market cap, or US$8.88m). Minor Risk Profit margins are more than 30% lower than last year (21% net profit margin). New Risk • Sep 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Market cap is less than US$100m (UK£12.0m market cap, or US$15.8m). Reported Earnings • Aug 06
First half 2024 earnings released: EPS: UK£0.012 (vs UK£0.021 in 1H 2023) First half 2024 results: EPS: UK£0.012 (down from UK£0.021 in 1H 2023). Revenue: UK£2.54m (down 11% from 1H 2023). Net income: UK£530.0k (down 45% from 1H 2023). Profit margin: 21% (down from 34% in 1H 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 13% decline forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. New Risk • Aug 04
New major risk - Revenue and earnings growth Earnings have declined by 4.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.9% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (100% payout ratio). Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Market cap is less than US$100m (UK£14.7m market cap, or US$18.8m). Annuncio • Aug 02
Vector Capital Plc Announces No Interim Dividend for the Six Months Ended 30 June 2024 Vector Capital Plc announced that no interim dividend for the six months ended 30 June 2024 due to the planned buy-back of ordinary shares announced in the Tender Offer (first half 2023: 1.00 pence). Annuncio • May 18
Vector Capital plc Approves Final Dividend for the Year Ended 31 December 2023, Payable on or by 03 June 2024 Vector Capital Plc approved the final dividend of 1.53p per share will be paid on or by 03 June 2024 to shareholders on the register on 17 May 2024. The ex-dividend date is 16 May 2024. Upcoming Dividend • May 09
Upcoming dividend of UK£0.015 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 7.8%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (6.2%). Declared Dividend • Apr 23
Final dividend of UK£0.015 announced Dividend of UK£0.015 is the same as last year. Ex-date: 16th May 2024 Payment date: 3rd June 2024 Dividend yield will be 8.7%, which is higher than the industry average of 6.0%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 21% per year over the past 3 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 20% to shift the payout ratio to a potentially unsustainable range, which is more than the 10% EPS decline seen over the last 5 years. New Risk • Apr 21
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (UK£12.4m market cap, or US$15.4m). Annuncio • Apr 20
Vector Capital Plc, Annual General Meeting, May 16, 2024 Vector Capital Plc, Annual General Meeting, May 16, 2024, at 10:00 Coordinated Universal Time. Location: 6th Floor, First Central 200, 2 Lakeside Drive London United Kingdom Agenda: To consider a final dividend for the year ended 31 December 2023 of 1.53 pence per share. Reported Earnings • Apr 19
Full year 2023 earnings released: EPS: UK£0.035 (vs UK£0.05 in FY 2022) Full year 2023 results: EPS: UK£0.035 (down from UK£0.05 in FY 2022). Revenue: UK£5.71m (down 3.6% from FY 2022). Net income: UK£1.58m (down 31% from FY 2022). Profit margin: 28% (down from 38% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 9.5% decline forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 15% per year. New Risk • Mar 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by cash flows (130% cash payout ratio). Market cap is less than US$100m (UK£13.1m market cap, or US$16.5m). Annuncio • Feb 05
Vector Capital Plc Provides Revenue Guidance for the Year 2023 Vector Capital Plc provided revenue guidance for the year 2023. For the year, the company expects revenue to be above market expectation at not less than £5.7 million. Although this represents a small decrease on the revenue of £5.9 million achieved in 2022. Reported Earnings • Sep 07
First half 2023 earnings released: EPS: UK£0.021 (vs UK£0.028 in 1H 2022) First half 2023 results: EPS: UK£0.021 (down from UK£0.028 in 1H 2022). Revenue: UK£2.85m (down 4.3% from 1H 2022). Net income: UK£969.0k (down 23% from 1H 2022). Profit margin: 34% (down from 42% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Diversified Financial industry in the United Kingdom. Annuncio • Sep 06
Vector Capital plc Proposes Interim Dividend, Payable on 29 September 2023 Vector Capital Plc will propose an interim dividend of 1.00 pence per share payable on 29 September 2023 (2022 1.0 pence). Ex-Dividend Date:14 September 2023, Record Date:15 September 2023. Price Target Changed • May 23
Price target decreased by 18% to UK£0.52 Down from UK£0.63, the current price target is an average from 2 analysts. New target price is 37% above last closing price of UK£0.38. Stock is down 26% over the past year. The company posted earnings per share of UK£0.05 last year. Upcoming Dividend • May 11
Upcoming dividend of UK£0.015 per share at 6.7% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 6.7%. Within top quartile of British dividend payers (5.8%). In line with average of industry peers (6.4%). Reported Earnings • Apr 19
Full year 2022 earnings released: EPS: UK£0.05 (vs UK£0.052 in FY 2021) Full year 2022 results: EPS: UK£0.05 (down from UK£0.052 in FY 2021). Revenue: UK£5.93m (up 12% from FY 2021). Net income: UK£2.28m (flat on FY 2021). Profit margin: 38% (down from 43% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Diversified Financial industry in the United Kingdom. Reported Earnings • Sep 07
First half 2022 earnings released: EPS: UK£0.028 (vs UK£0.025 in 1H 2021) First half 2022 results: EPS: UK£0.028 (up from UK£0.025 in 1H 2021). Revenue: UK£2.98m (up 21% from 1H 2021). Net income: UK£1.26m (up 20% from 1H 2021). Profit margin: 42% (in line with 1H 2021). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 32% growth forecast for the Diversified Financial industry in the United Kingdom. Annuncio • Sep 07
Vector Capital Plc Announces Dividend for the First Half of the Year Ended 30 June 2022, Payable on 30 September 2022 Vector Capital Plc announced on the basis of the financial performance in the first half of the year ended 30 June 2022, an increased dividend of 1.00 pence per share is being declared (2021: 0.95 pence). This will be paid on 30 September 2022 to shareholders on the register on 16 September 2022. Annuncio • May 24
Vector Capital Plc, Annual General Meeting, May 24, 2022 Vector Capital Plc, Annual General Meeting, May 24, 2022, at 11:00 Coordinated Universal Time. Location: 13 Sovereign Park, Coronation Road. NW10 7QP, London United Kingdom Upcoming Dividend • May 12
Upcoming dividend of UK£0.015 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of British dividend payers (4.8%). Lower than average of industry peers (7.1%). Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: UK£0.052 (vs UK£0.056 in FY 2020) Full year 2021 results: EPS: UK£0.052. Revenue: UK£5.28m (up 22% from FY 2020). Net income: UK£2.29m (up 20% from FY 2020). Profit margin: 43% (in line with FY 2020). Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Finance Director & Director Jon Pugsley is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Apr 26
Vector Capital Plc Proposes Final Dividend Subject to the approval of shareholders at Vector Capital Plc's annual general meeting, the Directors are proposing a final dividend of 1.51 pence per share (2020: 1.43 pence), reflecting the Boards aim to reward investors with a progressive dividend policy. The dividend timetable will be announced at the time of posting of the AGM notice. Annuncio • Apr 08
Vector Capital Plc to Report Fiscal Year 2021 Results on Apr 25, 2022 Vector Capital Plc announced that they will report fiscal year 2021 results on Apr 25, 2022 Board Change • Apr 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Finance Director & Director Jon Pugsley is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Finance Director & Director Jon Pugsley is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Feb 08
Vector Capital Plc Appoints Gordon Robinson to its Board of Directors as an Independent Non-Executive Director Vector Capital Plc announced that it has appointed Gordon Robinsonto its Board of Directors as an Independent Non-Executive Director, with immediate effect. Gordon joins the Vector Board with a career of more than 35 years in banking, including extensive experience in real estate finance and commercial lending. His experience and expertise ranges from lending to SMEs through to FTSE listed companies, both in the UK and abroad. Reported Earnings • Apr 14
Full year 2020 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: UK£4.33m (up 20% from FY 2019). Net income: UK£1.90m (up 19% from FY 2019). Profit margin: 44% (in line with FY 2019). Annuncio • Dec 30
Vector Capital Plc has completed an IPO in the amount of £3.0601 million. Vector Capital Plc has completed an IPO in the amount of £3.0601 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,052,895
Price\Range: £0.38
Transaction Features: Direct Listing