Digital 9 Infrastructure Share Discussion Threads

[wskill] 29/4/2024 09:40

double post

[wskill] 29/4/2024 09:40

Did think that Aqua Ventures would buy out Aqua Comms but as its taking this length of time it must be a non runner,Aqua Ventures developed AC and they are still a 3% shareholder in DGI9 last time I looked.

[wskill] 29/4/2024 09:40

double post

[williamcooper104] 29/4/2024 09:35

Whacking the NAV down could be helpful as might encourage bids

[marlint111] 29/4/2024 09:24

Ah yep- that's where the missing few p went- thanks @skinnypope .

I'm not convinced there's much horror to come out in the results compared to the latest NAV update which we received at end of March (for NAV at end of Dec '23).

[skinnypope] 29/4/2024 09:22

Well this is some good news for a change.

The deferred payment of ~£20m was contractually owed, so nothing new here, however the cancellation of the VAT indemnity provision of £23m IS new (good) news.

£23m = 2.7p per share, so today's bounce is deserved.

Next thing is the delayed results publication. Although likely to be a horror show, it's all well known. Fingers crossed for no new nasty surprises here.

[@marlint111 - you also need to add in the cash on the balance sheet, which we know is at least £12 million "retained to cover future operational expenses of the Company if and when required"]

[bagpuss67] 29/4/2024 09:18

Thanks. 50p does seem eminently possible.

[marlint111] 29/4/2024 09:08

At a 30% haircut to all assets you get a NAV of 53p.

To get to the current (22p) share price), you have to take 66% of all the asset prices.

[marlint111] 29/4/2024 09:03

Just updated my valuation spreadsheet. All valuations as per DGI's own values:

Assets(£m / per share):
Aqua Comms 238m / 28p
EMIC 36m / 4p
Sea Edge 14m / 2p
Elio Networks 55m / 6p
Verne earn out 52.7m / 6p
Arqiva (net of VLN) 340m / 39p

Gross Assets: 736m / 85p

Debt (RCF): 53m / 6p

NAV £683m / 79p

[stemis] 29/4/2024 08:36

The £47m received equates to 5.5p

[rimau1] 29/4/2024 08:04

Great news, i suspect the market assumed that this $25m would be lost worth GBP20m or 11percent onto the marketcap.

[bagpuss67] 29/4/2024 07:49

Specto. Or is this market cap wrong?

[spectoacc] 29/4/2024 07:46

Had to check that wasn't sarcasm, this is DGI9 after all ;)


"The resulting outstanding drawn amount of c.£53 million compares with £373.8 million in March 2024. The Board expects this reduction since March 2024 to result in a net interest expense saving of c.£28 million to the end of the term of the RCF, thereby enabling the Company to have achieved a substantial balance sheet deleveraging..."


Not small sums in the context of a co with a mkt cap of c.£185m.

[wskill] 29/4/2024 07:14

More good news.

[rambutan2] 26/4/2024 14:22

Audited results due out before end of April, said the last rns. So that leaves mon and tues...

[wskill] 24/4/2024 08:00

Monthly update due tomorrow.

[rambutan2] 24/4/2024 03:26

Just remembered to check the March RPI which was published last week. It was 4.3% - March 23 it was 13.5% and March 22 it was 9%.

Post 1669:
skinnypope, re Arqiva swaps - annual cash payment in june calculated by reference to the march rpi figure.

Watch from 1hr 56mins:

[glavey] 19/4/2024 10:16

Someone wanting to reduce / exit... Friday feeling.

[wskill] 19/4/2024 09:30

Barclays have a 50p target from Feb this year but cannot find the JPM target.

[b1nky] 19/4/2024 08:36

All we need is one of the assets to be sold off at a price which is halfway between what the board say it's worth, and what the share price is saying it's worth, and we see an immediate large re rating of the share price This can come at any time. Maybe JPM is aware of a deal being done.

[jpatara3] 19/4/2024 08:15

I saw it an email earlier but unable to find JP Morgan's reasoning behind the it! Digital 9 Infrastructure/Fund raised to overweight at JPMorgan

[b1nky] 19/4/2024 08:11

JP MORGAN UPGRADE!!!

[wskill] 18/4/2024 10:48

Yes indeed SteMiS there is news on the way I am sure in the fullness of time ,Patience is all what we require something that is in short supply these days.Get rich slowly is all I ask of my investments and DGI9 will do that from todays share price of course .

[riverman77] 18/4/2024 10:44

Yes I think you're right - it will need some sales to move this higher (at least in any significant way). That's fine, I'm happy to wait - no particular rush with this one.