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DAIP Daily Internet

1.65
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Daily Internet LSE:DAIP London Ordinary Share GB00B1Z8BM45 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.65 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.65 GBX

Daily Internet (DAIP) Latest News

Real-Time news about Daily Internet (London Stock Exchange): 0 recent articles

Daily Internet (DAIP) Discussions and Chat

Daily Internet Forums and Chat

Date Time Title Posts
09/7/201611:50Daily Internet....a very interesting newcomer to the AIM306
01/6/201507:09Heads in the Cloud3
05/8/201313:11Daily Internet....History To Repeat With Multi MillionĀ 27

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Daily Internet (DAIP) Most Recent Trades

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Daily Internet (DAIP) Top Chat Posts

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Posted at 09/7/2016 11:50 by cpap man
Will start a new DAIP thread obviously under the new name plus ticker SYS
Posted at 09/7/2016 11:48 by cpap man
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.
Posted at 01/6/2016 07:20 by cpap man
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
Posted at 04/4/2016 08:20 by cpap man
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."
Posted at 22/2/2016 08:18 by liquid millionaire
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.
Posted at 22/2/2016 08:17 by liquid millionaire
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".
Posted at 08/1/2016 07:47 by tiltonboy
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.
Posted at 08/1/2016 07:40 by liquid millionaire
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."
Posted at 17/9/2015 18:30 by liquid millionaire
One to watch are DAIP as they are imo on the cusp of a chart break out with a share price target of 10p+
Posted at 10/12/2014 07:15 by liquid millionaire
Daily Internet plc

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

Acquisition of Q4Ex Limited

Issue of Equity

Related Party Transaction

Directorate Change

Daily Internet (AIM: DAIP) is pleased to announce the acquisition by the Company of Q4Ex Ltd ("Q4Ex"), a Liverpool based cloud Software as a Service ("SaaS") provider (the "Acquisition"). The initial consideration payable by the Company for Q4Ex will be GBP520,000, to be comprised of 30,588,235 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"), valued at 1.7 pence per Ordinary Share ("Initial Consideration Shares").

The Initial Consideration Shares will be issued at a premium of over 21 per cent. to the Company's closing share price on 8 December 2014, which the Directors believe shows both the faith of the vendors of Q4Ex in the Company , and the added value within the enlarged entity that the Company will become.

Background on Q4Ex

Founded in March 2014 and based in Liverpool, Q4Ex is a UK based cloud services provider focussed on bringing the highest levels of customer service to clients in the builders merchant and distribution sector. Services include infrastructure as a service (IaaS), platform as a service (PaaS) and SaaS along with associated advisory and support.

Q4Ex combines exceptional technical and operational skills along with a wealth of experience in ERP applications for vertical markets solutions, which offer true end-to-end service for its clients.

The key management team consists of individuals with over 60 years combined experience in providing IT solutions, from software development to ERP consultancy.

Q4Ex raised its first invoice in March of 2014, and built its first VMware Cloud Platform in June 2014. It brought on board its first "anchor" client in the sector which outsourced all of its on-premise IT into the Cloud. Its pipeline has grown rapidly and together with its anchor client validates its business model and market proposition in a sector that has a higher barrier to entry than simple "cloud".

Extracts from the management accounts of Q4Ex for the nine months from 1 March 2014 to 30 November 2014 show revenues of GBP175k, gross profit of GBP143k and EBITDA of GBP92k. It is anticipated to have net cash balances on completion of approximately GBP40k.

Rationale for the Acquisition

Q4Ex is seeing increasing interest from larger potential clients and whilst in the past it has undertaken joint pitches with Netplan, it has now been agreed that the relationship with Netplan should be cemented through an amalgamation of the two businesses.

The Boards of Q4Ex and the Group acknowledged the strength in bringing these companies together, culminating in the announcement being made today.

The Group's management team will be greatly strengthened through the acquisition. Arthur Duffy, Managing Director of Q4Ex, and Paul Jones, Services & Support Director of Q4Ex, will join the Netplan Board as Managing Director and Services and Support Director respectively. Arthur and Paul formerly held similar roles at a leading ERP provider.

Terms of the Acquisition

Further to the Initial Consideration Shares, there are certain further potential deferred consideration hurdle payments that may be made to the shareholders of Q4Ex, on the basis of the future EBITDA of the enlarged division formed by the Acquisition. The maximum further potential deferred consideration could total up to GBP1,456,000, to be comprised of Ordinary Shares in the Company valued at 1.7 pence per Ordinary Share ("Potential Deferred Consideration Shares"). The earn out period for the Potential Deferred Consideration Shares is 36 months 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.

Directorate Change

Abby Hardoon, CEO of the Company, is to become Non-Executive director on completion of the transaction. Christopher Evans will become CEO and as such will lead the strategic changes to the Group. Abby will continue to be involved as a highly engaged NED, for which the Board are greatly appreciative.

Related Party Transaction & Director Holding

Christopher Evans, Non-Executive Director and holder of 8,108,939 Ordinary Shares in the Company, is also a director and 32% shareholder in Q4Ex. Accordingly, he is due to be issued 9,803,821 Initial Consideration Shares as part of the Acquisition. As Mr Evans qualifies as a related party under the AIM Rules for Companies, under AIM Rule 13 the Acquisition is classified as a related party transaction. The independent directors of the Company (in this case being all the directors of the Company apart from Christopher Evans), having consulted with Sanlam Securities UK Limited, the Company's nominated adviser, consider that the terms of the Acquisition are fair and reasonable insofar as the Company's shareholders are concerned.

Following the Acquisition, Christopher Evans will be interested in 17,912,760 Ordinary Shares in the Company, equal to approximately 3.73 per cent. of the Company's total issued share capital as enlarged by the Acquisition.

Application to AIM / Issued Share Capital

Application has been made to the London Stock Exchange for the Initial Consideration Shares to be admitted to trading on AIM. Admission is expected to take place on 12 December 2014. The shares will rank pari passu with the existing issued Ordinary Shares.

Following the issue of the Initial Consideration Shares, the Company's total issued share capital will consist of 479,791,101 Ordinary Shares, with each share carrying the right to one vote. The Company has no Ordinary Shares held in treasury. The total of 479,791,101 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.
Daily Internet share price data is direct from the London Stock Exchange

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