Dotdigital Share Discussion Threads

[apad] 15/5/2015 17:13

Nah, that was me topping up.
apad

[jaws6] 15/5/2015 12:58

well RNS out on slater buying more

[bwilder2] 14/5/2015 08:08

7 mill shares moved yesterday and no R/N. Somebody knows something thats for sure.

[eddyeagle1979] 13/5/2015 14:29

Someone is loading up! Some large trades going through today.

[jaws6] 13/5/2015 14:00

and bid of 1 million at 29.5 in sets

[jaws6] 13/5/2015 12:21

up 5% on 6.6 mil trade today so far

[apad] 06/5/2015 13:48

Major share trades taking place. This is outside my competences, but it seems to me that if the business is sound (and we won't know if it is going to be broken by force majeure until after it has happened) then it presents PIs with purchase opportunities.
I've increased as I believe it is a good business being well managed. Gulp!
apad

[bwilder2] 23/4/2015 08:40

1 million shares bought yesterday .Yet the share goes DOWN ?

[nhb001] 22/4/2015 16:46

A Director buys shares and the price goes down! This is a frustrating share.

[nhb001] 16/4/2015 16:26

I am in but my strong impression is that the price is manipulated while some big holders decide how much they are willing to pay for the departing execs shares.

[bwilder2] 16/4/2015 04:22

Was this 1 of mms games or is somebody looking for shares.This share has been very quiet .Intresting.

[apad] 20/3/2015 08:07

SYNETY! Blimey - if that's his future it makes one worry about his past.
apad

[fastbuck] 19/3/2015 18:03

APAD,I note our leaving joint CEO or whatever is title is currently has turned up as a non-exec of Synety Apologies if this is already known

[pentangle] 19/3/2015 17:14

I think this share buyback is a non issue. The maximum they have authority to purchase is 3m against an issued share cap of 285m so we are looking at 1%. They are not 'giving them to staff'. They are being used to fulfil existing obligations under share option schemes to employees. The alternative would have been to issue new shares which would cause dilution to shareholders. Buying them back actually supports the current share price and if the employees do then sell we, as shareholders will be in no worse position than before ie there will have been a purchase by the company and a sale by the employee.

The current relative share weakness is down to the newly announced expansion plans to open a Far East office. This has reduced the EPS forecast from 2.3p to 1.6p for 2015/6. The new forecast for 2016/7 is now 2.3p. So, if successful, this will boost future growth at the cost of short term profitability. Not good for short term shareholders but fine for those with a longer term view.

[r g fletcher] 18/3/2015 20:31

They are not cancelling them though they are buying them to hold in treasury to then give them to employees as a reward/incentive thing.
I don't like that.
Its like they are buying shares in the shareholder owned company using shareholder money to give to staff who will then sell them and .....like WTF!!
So you get screwed twice over , you lose some of your money buying them and you lose again when they are sold through share price weakness.
They are buying a future slump with your money ...sort off.
Like the growth but don't like the obvious indecision and lack of self confidence.
Its sort of says ok we have done it we made it a success lets just faff around now we earned it.

[apad] 12/3/2015 10:42

fastbuck,
Thanks for the info, I wouldn't have spotted that.

If they are cancelling the shares then, together with their organic growth policy, doesn't that make sense for shareholders? Rather than acquisitions.

I agree about the dividend, of course, as this would bolster the share price

Maybe the institutions have enough so the departing CEO selling will drive the price down. Leaves the question of whether the CEO is timing his departure for a company reason rather than a personal reason.

More questions than answers.
apad

[blackrabbit] 12/3/2015 09:09

500k buyback this morning ? BR.

[bwilder2] 09/3/2015 11:41

Best thing for everybody is a take over.No divi buying back shares when they should investing.They dont care about us. DROPED 25% IN 2 WEEKS .So somebody offer 50p and we all move on.

[apad] 09/3/2015 09:35

CEO purchase this morning - not a lot.
apad

[fastbuck] 07/3/2015 17:47

As a past shareholder I always monitor with interest. I was very surprised when they started a share - buy back scheme as this is normally done by very large companies who are typically slower growers, got loads of cash and use it to improve their EPS, rather than a small fast growing company still investing in its product with so many options to grow its business.

That said I suspect the share buy-back was motivated only by the knowledge / self-interest that the now Deputy CEO was departing and would be selling his shares in the market. Why he is leaving, presumably personal reasons, selling up his shares no doubt to balance-his SIPP.

I suspect he will sell the remaining 7m after his recent sale. The company will likely buy some but they are only looking to buy 3m and have already brought some. It will be interesting to see if the CEO is in a hurry, whether the company adds to its share buy-back scheme to help him off-load the shares, either way this appears to have put the shares under some pressure.

[apad] 24/2/2015 16:17

Paul Scott:

Interim results - for the six months to 31 Dec 2014. They look good to me - organic growth has continued at a slightly faster trajectory to last year - continuing ops revenue is up an impressive 32% - all organic, I think.

74% of revenues are monthly recurring fees paid by customers, for SaaS email products - which is obviously good - as it means revenues are sticky, predictable, with few chances of any surprises. The client list, and client wins are very impressive, as is the emerging growth in the USA - not easy for a UK company to succeed at.

The CEO is transitioning, and Simone Barratt is now confirmed as proper CEO (having been formerly CEO Designate), so the management succession planning appears to be going smoothly from what I can tell.

Balance Sheet - is lovely! I see all the cash of £9.5m as being surplus, so about 10% of the market cap is a cash pile that they don't really need, so a bit of an investment buffer there. I am not keen on the plan to buy back up to 3m shares, whilst only paying a tiny dividend yield of under 1%. I think that's the wrong strategy. Companies on a warm PER should not be buying back their own shares. Instead there should be a decent dividend, if they can't find anything commercially useful to do with the cash.

I feel sure there must be far better uses for the cash pile, in perhaps making some kind of complementary acquisition in the digital marketing space perhaps? This is a strong growth area after all, so there's perhaps a little lack of imagination here, given that they have a good opportunity to build a much bigger group.

My opinion - I think this company could become a bid target, for a larger software group. They are trying to balance up profitability and investing more for growth. Personally, for a company with excess cash, I like to see a more aggressive growth strategy. If you have a great product, then get out there & sell it! If that means absorbing some short terms extra costs, then so be it - if the payback is going to be worth it, then it should be done.

It looks expensive on the current numbers, but the forward PER is actually quite reasonable for y/e 30 Jun 2016, with a PER of about 16, which is not expensive at all for a decent quality growth company like this. I like this company quite a lot actually, with a 1-3 year view.

Although you do have to wonder if something better might come along from a competitor, and take away their customers at some point. That's always the risk with all SaaS companies, especially ones like this where email marketing software is not going to be business-critical for most companies - i.e. it's relatively easy to switch to a competing product.

So far, so good though.

Outlook - sounds good to me;

[rivaldo] 24/2/2015 12:38

Finncap have reduced forecasts for the coming year to June'16 to 1.6p EPS (from 2.3p) due to geographic and product investment costs.