Daily Internet Share Discussion Threads

[cpap man] 09/7/2016 11:50

Will start a new DAIP thread obviously under the new name plus ticker SYS

[cpap man] 09/7/2016 11:48

Result of Annual General Meeting, General Meeting and Change of Name

The Board of Daily Internet (AIM: DAIP) is pleased to announce that at the Annual General Meeting held today the resolutions as set out in the Notice of Annual General Meeting were duly passed. In addition, further to the announcement on 15 June 2016 in relation to the Proposals, the Directors are pleased to announce that all resolutions proposed at the General Meeting of the Company held earlier today were approved. Consequently, the acquisition of System Professional Ltd will proceed and in addition the Company's name will change to SysGroup plc ("SysGroup"). Following the change of name, the Company's ticker will change to 'SYS'.



Following the Share Consolidation, the Company's ISIN and SEDOL will change to GB00BYT18182 and BYT1818, respectively. It is expected that the New Ordinary Shares arising as a result of the Share Consolidation in respect of Existing Ordinary Shares held in uncertificated form, i.e. in CREST, will be credited to the relevant CREST accounts on 6 July 2016.

[tiltonboy] 02/6/2016 10:42

I've picked up a few this morning, even though they marked as sells. Starting to look decent value now.

[cpap man] 01/6/2016 07:20

RNS [results] out from DAIP....





Chairman's Statement



I am pleased to report another year of substantial progress in which we reported positive profitability after tax for the first time. This follows on from us reporting our maiden adjusted EBITDA profit last year. The strong results delivered by the Group for the year ended 31 March 2016 highlight the substantial organic growth we have achieved, coupled with the successful integration of two acquisitions. Both of these acquisitions have now been fully integrated and continue to perform well.



The acquisition of Q4Ex Limited alongside the appointment of Chris Evans as CEO, in December 2014, was an important step in transitioning the business from our traditional SME Mass Market roots to one focused on Managed Hosting which is supported by longer term contracts and is consequently higher margin and more profitable.



Group revenues grew by 22% to £4.76m (2015: £3.91m). Growth was driven by our Managed Hosting division which increased revenues 36%, whilst the SME Mass Market division experienced steady revenue growth of 10%. Managed Hosting now represents the majority of Group revenues. In the SME Mass Market business we have focused on efficiencies through cost reductions to drive profitability.



During the year the balance of the outstanding convertible loan notes has been repaid. Consequently at the year end the Group had a net cash position of £0.21m. The strengthening of our balance sheet alongside investment in our capabilities provides the Group with a good platform for future growth.



Our dedicated staff have continued to work tirelessly and diligently to continue the growth in the business led by the example set by CEO Chris Evans and we believe this will ensure we can increase our growth in the coming year.







Michael Edelson

Chairman

31 May 2016

[tiltonboy] 04/4/2016 08:39

A good statement, which should see them make a maiden profit for the year. Let's see how long it takes for a seller to come out, and if their new broker will be buying on behalf of their clients!

[cpap man] 04/4/2016 08:20

4 April 2016



Daily Internet plc

("Daily Internet" or the "Company" or the "Group")



Trading Update



Daily Internet (AIM: DAIP), the managed hosting and cloud integrator, is pleased to provide its trading statement for the year ending 31 March 2016 ahead of the announcement of its full year results.



Group Trading Performance



The board is pleased to report that financial results for the year ended 31 March 2016 are expected to show significant improvement on the comparative period last year. The Group expects to report total revenues of approximately £4.7 million (FY2015: £3.9 million), with adjusted EBITDA1 more than 50% ahead of the previous financial year.



Operations



The core Managed Hosting segment has delivered a robust performance generating revenue growth of approximately 30% over FY2015. The majority of this growth is organic in nature, as the Group continues to benefit from clients seeking our advice and support in their move to a cloud delivered solution. This growth has been driven in particular through the financial services sector, merchant and distribution sector and the payment card industry (PCI) hosting marketplace. We also continue to enjoy very low levels of client churn and an overall trend of increasing spend amongst our clients as they seek to outsource more elements of their IT service.



Our SME Mass Market segment has continued to perform well with both revenue and adjusted EBITDA1 increasing materially on the comparable period last year. However, as we have previously stated, our focus going forward is on our Managed Hosting division where we see greater opportunities for growth.



Reorganisation



Our strategic reorganisation process was completed early in the second half of our financial year. This has allowed the Company to increase focus on its Managed Hosting division while slimming down the cost base of the SME Mass Market division. Together these developments have contributed to the positive trading performance we expect to report for full year 2016.



We also repaid the remainder of our outstanding convertible loan notes during the second half of our financial year, leaving the Group largely debt free save for certain asset finance leases.



Chris Evans, Chief Executive commented: "The Group has delivered a robust performance as a result of our successful acquisition strategy, underpinned by strong organic growth in our Managed Hosting division. We have delivered on all of our objectives for the 2016 financial year. We are seeing our order book grow and believe we are well positioned to benefit from the increasing adoption of cloud delivered services and additional non-organic growth opportunities."

[tiltonboy] 24/2/2016 08:50

Hopefully the new broker will actually support their client!

[liquid millionaire] 22/2/2016 08:18

22 February 2016

Daily Internet plc

("Daily Internet" or "the Company" or "the Group")

Further re. Acquisition of Q4Ex Limited

Issue of Equity

Daily Internet (AIM: DAIP) is pleased to announce that its Merchant and Distribution division of Netplan, formerly Q4Ex Limited ("Q4Ex"), has continued to achieve positive EBITDA, thus resulting in the issue of further consideration shares to the vendors of Q4Ex ("Q4Ex Vendors"). Pursuant to the agreement made at the time of the Company's acquisition of Q4Ex, as announced by the Company on 10 December 2014, the Company is issuing a total of 30,588,234 ordinary shares of 0.5p each in the Company ("Ordinary Shares") to the Q4Ex Vendors ("Further Consideration Shares"). The Further Consideration Shares are being issued at a price of 1.7p each, as contracted, a value of GBP520,000.

The maximum further potential deferred consideration could total up to GBP936,000 to be comprised of further Ordinary Shares in the Company valued at 1.7 pence per Ordinary Share ("Further Potential Deferred Consideration Shares"). As previously stated, the earn out period for the Potential Deferred Consideration Shares is 36 months from December 2014, ending in December 2017, and the future EBITDA is to be assessed on a rolling 12-month basis and is the EBITDA derived from the Q4Ex operations adjusted for a charge relating to shared central charges.

Change in Directors' and Q4Ex Vendors' Holdings

Following the issue of the Further Consideration Shares, the holdings of the Q4Ex Vendors (who will hold more than 3 per cent.) will be as follows:


Q4Ex Vendor Further Consideration Ordinary Shares % of enlarged
Shares held post share capital
issue of Further post issue
Consideration of Further
Shares Consideration
Shares
Christopher
Evans* 9,803,921 29,429,288 5.77%
Arthur Duffy 9,803,921 19,607,842 3.84%
Paul Jones 9,803,921 19,607,842 3.84%

* CEO of the Group

Additionally, in light of the issue of the Further Consideration Shares, the percentage holdings of the other directors of the Group will be as follows:


Director Number % of enlarged
of Ordinary share capital
Shares post issue
of Further
Consideration
Shares

Michael
Edelson 19,625,367 3.85%
Robert Khalastchy 253,846 0.05%
Julie Joyce 150,000 0.03%

Application to AIM / Issued Share Capital

Application has been made to the London Stock Exchange for the Further Consideration Shares to be admitted to trading on AIM. Admission is expected to take place on 26 February 2016. The shares will rank pari passu with the existing issued Ordinary Shares.

Following the issue of the Further Consideration Shares, the Company will have 510,379,335 Ordinary Shares, with each Ordinary Share carrying the right to one vote. The Company has no Ordinary Shares held in treasury. The total of 510,379,335 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

[liquid millionaire] 22/2/2016 08:17

22 February 2016

Daily Internet plc

("Daily Internet" or the "Company" or the "Group")

Directorate Change

Daily Internet (AIM: DAIP), the managed hosting and cloud integrator, announces that Abby Hardoon, has tendered his resignation as a Non-Executive Director of the Group and by mutual agreement this is effective immediately.

The Company intends to appoint a further Non-Executive director in due course.

Michael Edelson, Chairman, commented; "Abby was the founder of the Company and served as CEO until his role changed in December 2014 to one of Non-Executive. This was to allow the company to complete the planned transition to focus on Managed Cloud Hosting as opposed to its traditional SME Mass market business. Now that this has been achieved he has decided it is an appropriate time for him to step down as a director of the company that he founded. We thank Abby for his significant contribution and wish him the very best for the future".

[tiltonboy] 08/1/2016 15:49

Me and my big gob!

[tiltonboy] 08/1/2016 07:47

I feel there has been good progress over the last year, and slowly the weak holders have been exiting.

It would be nice to see the share price firmly above 2p to coincide with the next acquisition, which at long last looks a possibility.

[liquid millionaire] 08/1/2016 07:40

Daily Internet plc
("Daily Internet" or the "Company" or the "Group")

Redemption of Convertible Loan Notes

Daily Internet (AIM: DAIP), the managed hosting and cloud integrator, announces that it has repaid £105,000 nominal of the 9% convertible loan notes 2016. Following the redemption, the Company has no further convertible loan notes outstanding.

The redemption has been satisfied from the Company's existing cash resources. The Company's P&L account will also benefit from the removal of the associated annual interest charge.

Chris Evans, Chief Executive commented:
"The redemption leaves the Company largely debt free, save for certain asset finance leases. The balance sheet has undergone a complete transformation in the last 18 months, which has only been possible due to the growth in the top line revenue within our managed hosting division.

We continue to seek out further growth opportunities in the managed services sector in order to grow shareholder value."

[tiltonboy] 05/1/2016 15:26

There has been a buyer round for the last few weeks mopping up all loose stock. Sellers have been taking well below the bid, and the buyer taking the stock just above the bid. Good business for the MM.First time there has been a decent buyer around for a Long time!

[johnyee 7] 05/1/2016 15:16

was that an 850k buy earlier?

[johnyee 7] 11/12/2015 09:45

750k and 500k nw99

[nw99] 10/12/2015 21:09

2x 500k trades

[tiltonboy] 09/12/2015 16:30

johnyee,

Absolutely. There is still no catalyst for this to be substantially higher in the short term. Trading on 75x Sanlam's 2017 forecast.

Was hoping that it might get ramped up to over 2p so I could sell a few, but there are more desperate sellers than me out there!

[johnyee 7] 09/12/2015 16:06

You can go back to sleep now tilton.

[holts] 08/12/2015 10:44

Morning Tilts ,

I just thought no quote for the 1000 told a story . Would be happy with a bit over 2 , going to take a while though .

[tiltonboy] 08/12/2015 10:20

HOLTS,

I'm content to hold for the time being, and now looking for a little bit more than 2p to sell a few.

[holts] 08/12/2015 10:18

tried selling 1000 , yes thats correct , selftrade would not even give online quote.

[tiltonboy] 08/12/2015 09:44

I'm on the Sanlam distribution list.

[johnyee 7] 08/12/2015 09:07

where did you get that tilton?