Daily Internet Share Discussion Threads

[shammytime] 15/12/2014 15:17

Guys this is a takeover target for both Daisy and 6 Degrees Managed Data

6D are the favourites. I hear takeover price of approx 6p per share

[flashheart] 15/12/2014 15:16

Nice to see he has purchased at market prices, the same you or I would have to pay. Instils confidence going forward in what I feel will be a little gem in the not too distant future.

[tiltonboy] 15/12/2014 15:13

LM,

I have generally been positive about the company. My argument all along was that on an earnings basis the shares were up with events. Let us not forget that our original postings were 9 months ago, and earnings have subsequently proved disappointing and further downgraded, so I think I was accurate with my assessment back then. Additionally, the share price is lower now than it was then.

[liquid millionaire] 15/12/2014 14:56

LOL and you tiltonboy might even be a tad more positive moving forwards or perhaps that is asking too much!

[tiltonboy] 15/12/2014 14:54

or the DJ...lol...

Encouraging news after a disappointing set of figures.

It sounds like we have got a decent management team in now, so hopefully we can make some progress.

[liquid millionaire] 15/12/2014 14:50

Hey fenseal3 do you happen to know anything about Christopher Evans? LOL take it that he isn't the actual Christopher Evans aka the bio tech champ?

[fenseal3] 15/12/2014 14:39

I think this RNS says it all really.

Daily Internet PLC

15 December 2014

15 December 2014

Daily Internet plc

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

Disclosure of Dealings

The Company announces that Christopher Evans, the Chief Executive Officer of the Company, has today purchased, in aggregate, 1,343,122 ordinary shares in the issued share capital of the Company ("Ordinary Shares"), equivalent to 0.28 per cent. of its voting share capital. The transaction was effected with 1,000,000 Ordinary Shares purchased off market at a price of 1.70 pence per share and 343,122 Ordinary Shares at a market price of Daily Internet PLC

[fenseal3] 15/12/2014 11:31

Nice to see blue here, i believe this will be one of the shares to watch in 2015....they are set up for a major rerate, the progress so far has been out standing and they will be in profit by a huge margin come next results....this is one of the safest bets on the AIM, glad i hold, GLA!!!!

[tiltonboy] 10/12/2014 14:29

AISHAH 3 Jun'14 - 12:31 - 108 of 151 1 0


Sanlam Reiterate Buy and a 3p target

[tiltonboy] 10/12/2014 14:28

AISAH,

Their previous target price was higher than that!

[aishah] 10/12/2014 12:34

From Broker Views:

[fenseal3] 10/12/2014 12:31

AISHAH do have the link, cheers.

[fenseal3] 10/12/2014 12:30

Also not so long ago a company called COMMS with a guy called David Brieth did the same thing and took the company to a MC of 60m...not saying that will happen here with these guys but they are bringing strong companies in that are making money.

[aishah] 10/12/2014 12:26

Sanlam Reiterate BUY and 2.20p target

[fenseal3] 10/12/2014 12:20

I hold a few of these and still think they are getting their act together, it's all there to see, also the guys @ Q4Xe ltd are happy to give their company away at a price of 1.7p, so 6 more months will be worth the wait, i would rather have my money here than in a company raising funds for day to day use and dilution every week with a threat of suspension, because there are hundreds out there, the reward will come and it's not a risky share to be in, i will top up my ISA in due course, GLA!!!!

[tiltonboy] 10/12/2014 09:45

Disappointing all the way round, and a big downgrade to full year results by the house broker.

Looks like an even longer long-term bet now!

[liquid millionaire] 10/12/2014 08:05

Chairman's Statement

Daily Internet continues to evolve as a business. We are very pleased to report our maiden EBITDA profit. However, we regrettably report that there were some management team issues which adversely affected Netplan's trading performance in the last few months of the period and as such we expect the group as a whole to be slightly behind management's expectations for the full year. I am pleased to report that we have since resolved these issues by replacing the individuals concerned with a stronger team.

We have additional changes which we hope to announce to the market in due course which will further and considerably strengthen our business offering. We expect these changes to significantly bolster us in achieving the transformation we desire - to become a Cloud SaaS provider capable of taking on much larger clients and contracts.

During the period we acquired Evohosting Limited for a cash consideration of GBP435k which was favourably supported through a share placing with our existing institutional investors. Evohosting has performed slightly better than we had expected and is now fully integrated into the Group.

Our Cloud capabilities continue to advance in Netplan with increases in network capacity and footprint. We successfully installed Cloud platforms in two New York datacentres, at the request of our clients, and we have plans to extend our Cloud platform to other countries to further meet the needs of our clients.

With our increased capabilities and the ongoing transformational changes we look forward with confidence.

Michael Edelson

Chairman

9 December 2014

[liquid millionaire] 10/12/2014 07:15

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.

[liquid millionaire] 10/12/2014 07:12

Daily Internet plc
("Daily Internet" or "the Group" or "the Company")
Unaudited Interim Results for the six months ended 30 September 2014

Daily Internet plc (AIM: DAIP), the hosting and cloud infrastructure provider, is pleased to announce its unaudited interim results for the six months ended 30 September 2014.

Financial Highlights

· Revenue growth of 123% to £1.79m (H1 2013: £802k)
· Maiden adjusted* operating profit of £256k (H1 2013: loss £289k)
· Cash at bank at period end up 3% to £271k (H1 2013: 263k)
· Statutory loss after tax reduced 80% to £79k (H1 2013: £401k)
· Loss per share reduced 93% to 0.02p. (H1 2013: 0.3p)
(*Operating profit, before depreciation, amortisation, acquisition and integration costs, fair value adjustment and share based payments)

Operational Highlights

· Acquisition of Evohosting Limited for £435k - adding further critical mass to SME division
· New high calibre management team appointments in Netplan
· Netplan launch VMware Cloud platforms in two New York Datacentres
· 'Daily' branded business restructured and contributed earnings before interest, tax, depreciation and amortisation ("EBITDA") profit of £97k (H1 2013: loss £130k)
· All brands now EBITDA positive

[dewtrader] 06/12/2014 11:48

In recent months, two of the few listed companies in DAIPs UK peer group have been actively pursuing mergers and acquisitions. Iomart had abortive bid discussions in September with Host Europe Holdings and Advanced Computer Software Group has just received a cash bid recommended by the board. The sector is ripe for further consolidation.

[tiltonboy] 24/11/2014 09:01

Sale gone through at 1.05p!

[tiltonboy] 03/10/2014 14:58

Not specifically, but circumstantial evidence points to stock being in weak hands, which has found it's way back on to the market every time the bid nudges above 2p.

[flashheart] 03/10/2014 14:45

Do you know how much and at what price please tb?

[tiltonboy] 03/10/2014 14:44

Still too much loose stock around at slightly higher levels for this to move in the short-term.

[flashheart] 03/10/2014 12:17

We should now be well into profit with recent acquisitions bedded in and more to come. A re-rate is now well overdue I feel.