The Ten Bagger Quest: Vitesse Media (AIM:VIS) - New Beginnings?
This media and events company has seen its share price decline by 90% over the past ten years. But in 2017 a new CEO was appointed and has made significant investment in the Company. Furthermore all debt has now been repaid and significant changes are being made to the management and organisation of the small group. Could a complete reversal of fortunes be taking place and might the share price reverse all of that 90% fall? AimZine investigates here…
Vitesse Media (AIM:VIS) Background Vitesse Media is a digital media and events company, specialising in enterprise technology, growth business, investment and diversity. Two of its titles, Growth Company Investor and What Investment, are aimed at private investors. Vitesse joined AIM in October 2001 raising funds at 30 pence per share. Today these shares are valued at 3.2 pence giving the Company a market capitalisation of just over £5 million. For most of its 16+ years on AIM the Company has been loss making - its best ever performance came in 2011 when Vitesse declared a profit of just £79,000. One…