Vianet Group (VNET)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 151.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 167.50
  • 52 Week Low: 112.50
  • Currency: UK Pounds
  • Shares Issued: 28.95m
  • Volume: 33,790
  • Market Cap: £43.86m

Vianet Group upbeat after bumper first half

By Josh White

Date: Tuesday 22 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Business data device company Vianet Group updated the market on the six months ended 30 September on Tuesday, reporting that trading for the period was strong, with revenue and operating profit growth in line with market expectations.
The AIM-traded firm said its smart machines division, including 'Vendman', delivered a "strong" year-on-year increase in the number of connected devices deployed, underpinned by three recent contract wins, as announced in August.

It said those three long-term contracts with "leading" vending operators, for a combined 20,000 units, would generate in the region of £10m of revenue for the group over their three-to-five year contract terms.

In its 'Smart Zones' division, contribution was also said to be "robust" in the first half, helped by investment in pubco data analytics capability and technology upgrades.

That performance was achieved despite delays due to pubco corporate activity, the board noted.

"The team has continued to make very good commercial progress, particularly with contract wins for our telemetry and payment solutions in the coffee vending and unattended retail vending market, with solid support from our Smart Zones business which is developing new revenue lines," said Vianet chairman James Dickson.

"Double digit growth in the period builds on our successful recent track record and further demonstrates that the strategy of leveraging the power of our cutting edge technology to bring game changing business insight to our customers has exciting prospects."

Vianet said it would release its results for the half-year ended 30 September on 12 December.

As at 0958 BST, shares in Vianet Group were up 6.12% at 130p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Vianet Group Market Data

Currency UK Pounds
Share Price 151.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 167.50
52 Week Low 112.50
Volume 33,790
Shares Issued 28.95m
Market Cap £43.86m

Vianet Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.18% above the market average62.18% above the market average62.18% above the market average62.18% above the market average62.18% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average
Price Trend
71.40% above the market average71.40% above the market average71.40% above the market average71.40% above the market average71.40% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Income
36.77% above the market average36.77% above the market average36.77% above the market average36.77% above the market average36.77% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Growth
8.22% below the market average8.22% below the market average8.22% below the market average8.22% below the market average8.22% below the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Vianet Group Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Dec-19 13-Jun-19
Paid 05-Feb-20 26-Jul-19
Amount 1.70p 4.00p

Trades for 26-Feb-2020

Time Volume / Share Price
12:47 665 @ 151.00p
12:35 15,000 @ 150.33p
12:31 5,000 @ 150.33p
10:58 383 @ 150.33p
10:40 700 @ 150.33p

Vianet Group Key Personnel

Finance Director Mark Hardwick Foster
CEO Stewart Darling

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