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| Etf Name | Etf Symbol | Market | Stock Type |
|---|---|---|---|
| Diginfraconacc | DIGI | London | Exchange Traded Fund |
| Price Change | Price Change % | Etf Price | Last Trade
|
|
|---|---|---|---|---|
| 0.039 | 0.42% | 9.241 | 16:28:23 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 9.276 | 9.211 | 9.355 | 9.241 | 9.202 |
| Top Posts |
|---|
Posted at 30/5/2010 19:38 by glasshalfull DIGI is on my watchlist and I await the full year results with interest....possibly released early July?I've also wondered about the "flat-lining" of the share price. Couple of thoughts. They issued a trading update relating to full year results on the 7th April 2009, a week after year end. Fast forward a year and we instead find a RNS issued on 14th April which relates to consolidation/ reorganisation of their businesses. No mention of trading. Nothing sinister I'm sure, but I happen to believe that the market would have appreciated a steer. I certainly would and as time went on without an update - while the share price travelled south. tom111's last post also questions the low price. Could there be hefty exceptional costs relating to the reorganisation? DIGI are the UK's biggest digital marketing agency with market cap of £22.24m at 30p mid. If we presume that trading is in line then we have 2 x brokers who are forecasting median of £6.79 PTP and 6.18 EPS, therefore PER 4.85. Their median forecasts for 2011 suggest 17% growth in EPS, which leave DIGI on a forward PER of 4.15. Cheap in anyones book. However, net debt of approx £6m should also be taken into account. I note the last few posts have indicated the strength in Dirctor Buying. Cue RNS from last month:- 5 x Directors purchasing 382,450 shares between them (£115k worth). I agree that this would "normally" propel the share price higher given such confidence by those in the know. However, the next paragraph in the RNS tells us that the CEO sold 1 million shares....a point I haven't read in any of the posts above. This is the same CEO who in Dec 2009 was awarded 4.8 million shares relating to performance linked options(over 7% of the issued share capital at the time) and duly sold 2.3 million of them. Anyway, back to the April RNS which indicates that 2 x institutional holders used the 1 million sale to increase their stake. I haven't looked at trades since so unsure if any overhang exists from either of CEO share sales but would suggest that 3.3 million shares may have created some indigestion. Lastly, the amount of "issue of equity/ options and additional listing" RNS's has caught my eye. 7 x in total since the interims:- Dec 2009 - 4.8 million shares issued & awared to CEO, per above comment. Feb 2010 - 788k shares issued to employees - performance linked options. Feb 2010 - 1.7 million nil cost options to CEO & CFO if 50% share price increase achieved in next 3 years. Given low point in the advertising cycle I don't believe this a difficult target over a 3 year timeline. I'd have thought 100% or greater target eminently achievable. Feb 2010 - 235k shares issued - exercise of employee share options Mar 2010 - 768k shares issued - yep....exercise of employee share options May 2010 - 250...yes, 250 shares issued - exercise of employee share options May 2010 - 15k shares issued - exercise of employee share options So, since interims the number of shares in issue has increased by a whopping 10.03% through the issue of shares to satisfy employee performance linked options.The increase in share capital of 6.7 million shares may go some way to explaining the weakness in the share price. Is the company being run exclusively for the employees? My musings FWIW. Regards GHF |
Posted at 22/4/2010 10:30 by apsis2 Looks like this has been oversold over the last few months. Two brokers recommending as buy and two target prices with an average of 76p. |
Posted at 20/1/2010 00:34 by looby loo This should be good for DIGI:Monday, 18 January 2010 Advertising spend 'to increase' UK advertising budgets are set to rise this year as the economy recovers, a survey of advertisers suggests. Budgets will rise following more than two years of falls according to the survey from the Institute of Practitioners in Advertising (IPA). Advertisers cut their budgets again in the final quarter of 2009, but by the slowest rate since the recession began. The findings will be welcomed by media companies who have suffered from a collapse in advertising spending. Around a quarter of companies cut their advertising budgets in the last three months of 2009, according to the survey, while 18% increased their budgets. The majority of the 300 companies surveyed said they planned increases in budgets for the new year. Internet and direct marketing continue to outperform more traditional forms of advertising, with budgets increasing while spending on radio, television and newspaper advertising fell nearly 7%. Andy Viner, head of media at the accountancy group BDO, which conducted the survey with the IPA, said confidence was beginning to return to the market. "After nine consecutive quarters of reduced marketing spend, it appears that the rate of decline is at its slowest in nearly two years," he said. |
Posted at 14/7/2009 15:53 by pork belly IC - 08 Jul 09Acquisitions boost Digital Marketing Following a series of acquisitions, Digital Marketing can now claim to be the UK's biggest digital advertising agency. This ascent looks nicely timed, because internet advertising was the only advertising area to grow in value in 2008 and is now close to matching spending on both press displays and UK television. But, under new accounting rules, it's much harder to determine how a company's results are influenced by acquisitions. Digi's 2008-09 figures include six-month contributions from Cyber and Gasbox costing an initial £8m. Pro-forma figures from a megabyte presentation suggest that, on a like-for-like basis, gross profits rose by 13 per cent last year to £46.63m against a 26 per cent jump in the reported figure to £41.55m. And while rising market share is good news, celebrations have to be dampened by a fall in total UK advertising spend of 4 per cent last year - and no recovery is in sight as yet. Digi says that the first half of 2009-10 "will be difficult" and expects that "recent declines in client revenues may continue". Broker Cenkos estimates 2009-10 gross profits will rise to £45.5m (less than last year's pro-forma figure), while much-adjusted profits fall from £8.6m to £8m. The 2008-09 adjusted figure ignores amortisation of £1.86m and another humongous share option charge of £3m. SHARE TIP UPDATE: Buy On the adjusted basis, earnings drop 0.6p to 8p and cut the prospective PE ratio to under five. On that basis and in anticipation of a recovery in UK advertising spend, the shares remain a buy. |
Posted at 22/8/2007 19:01 by jeff c No shares traded for ages. Then today, one massive X trade of 1,104,851 shares. I see DIGI is being suggested as a potential suitor for IPH."Interactive Prospect Targeting Holdings Plc (IPH LN) jumped 26 pence, or 23 percent, to 137.5 after the internet market researcher said it's in takeover talks. Potential suitors are Digital Marketing Group Plc, TMN Group and other major agencies, according to Johnathan Barrett, an analyst at Kaupthing Singer & Friedlander in London." |
Posted at 29/6/2007 12:25 by jeff c I've just noticed there's a couple of articles about DIGI on GCI:2 May 2007: http://www.growthcom 29 May 2007: http://www.growthcom Maybe GCI will do an update soon following this week's Final Results. |
Posted at 22/5/2007 21:43 by jeff c Digital Marketing Group plc (DMG) is a newly formed group of companies based in the UK providing integrated digital marketing services for a wide range of clients that including Tesco, HSBC and Vodafone.Services include internet advertising and optimisation; mobile phone and interactive television marketing. DMG announced four acquisitions of market leaders in 2006, including companies specialising in direct and database marketing, web design and build and digital media. Lord Ashcroft is a major shareholder. DMG reversed into Lord Ashcroft's shell (Seashell 2) in October 2006, via an oversubscribed £10 million institutional placing at 70p per share. This enabled the company to repay the debt from acquisitions of Cheeze and Jaywing. It also provides cash for further deals. Some links: Guardian, 20 October 2006: Guardian, 26 January 2007: FT.com, 27 April 2007: Growth Company Investor, 2 May 2007: Lord Ashcroft.com: |
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