Digital 9 Infrastructure Share Discussion Threads

[rambutan2] 04/6/2024 14:56

AGM is on the 12th, your chance to ask the board directly.

[wskill] 31/5/2024 08:32

Tidying things up making Arqiva ready for a sale ,Duncansawalker never thought that there was so much cash involved in Aquacoms cables even if 25% were in use it would be very profitable.

[bagpuss67] 31/5/2024 07:47

Looks like Arqiva has just bought out its DB pension scheme for £204m.

[duncansawalker] 30/5/2024 09:59

hang on: ""In Q2 2022, the lowest 10 GigE prices on offer were at the brink of $0.09 per Mbps per month. The lowest for 100 GigE were $0.06 per Mbps per month"" does anyone have anything more up to date?
Lets assume stale $0.06 pricing here:
I make 'wildly optomistic comedy pricing' max reveues 0.06*1000*1000*400 (400tbps Amitie cable) so $24M a month. This is pie in the sky stuff, and they'd get a portion of this, but surely this is an extremely cash generative asset? Very interested to hear your feedback and understand more. D

[duncansawalker] 30/5/2024 09:45

Interested to hear if there are any telecoms heads out there who understand wholesale fibre pricing? The bandwidth Aquacomms can supply to the UK and onwards using their new cables is absurd - this is the worldwide total -
Amitie can supply 400 tbps of that!
Does anyone have any idea about how much Aquacomms build up to selling their bandwidth for? - i.e what their future revenues could be? Obviously they would get a fraction of the final price a consumer would pay, but does anyone have any insight into this?
Can you 'dump' internet bandwidth or is it regulated?!
Best wishes, Duncan.

[invisage] 22/5/2024 07:30

2.3% Inflation should be good for Arqiva and also REITS as lower rates are coming.

[invisage] 16/5/2024 19:06

hxxps://secure.emincote.com/client/digital9/annualresultspresentation

DGI9 Presentation

Some sale news due soon....

[marlint111] 15/5/2024 13:16

I think if you look at FTSE AIM All share performance over the last month, its mostly in line actually. Not a big outperformance.

[wskill] 15/5/2024 13:00

Tiger no the funds and institutions are too stupid to recognise this probably would have to be tipped somewhere for the penny to drop.

[tigerbythetail] 15/5/2024 12:47

Could it be that simply DGI9's share price has been pummelled by mandate-driven selling from institutions, and that risk has decreased sharply since the completion of the Verne transaction, and that finally the market is beginning to recognise the substantial upside here?

[wskill] 15/5/2024 11:39

Yes just watched the presentation of 30.04.24 again and we are a couple of weeks away from expected non binding offers and a short list of interested buyers,possibily this is the reason for DGI9 moving .

[wskill] 15/5/2024 11:39

double post

[marlint111] 15/5/2024 11:17

A nice steady up trend since mid April. Up about 15% over the last month

[wskill] 15/5/2024 10:11

So we expect news on the sale process early summer this year so after June the 1st Aqua coms and EMIC-1 are sold as one lot .

[simon gordon] 09/5/2024 18:30

FT - 9/5/24

British broadcasters have warned that terrestrial television is in danger of becoming economically unviable as more people opt to watch online, according to a UK government-commissioned report about the future of TV.

The report, produced by media watchdog Ofcom and published on Thursday, found many broadcasters and other industry groups predicted a “tipping point” when it would be impossible to support terrestrial TV in its current form.

In responses to questions from Ofcom, these groups warned that rising distribution costs meant that, as the time audiences spend watching terrestrial TV declines, it would become much less cost effective per viewer to serve those who remain on it.

Any switch-off of terrestrial TV would particularly hit older and poorer audiences, who are less likely to have high speed broadband needed for the next generation of streaming and internet TV services.

Ofcom laid out three options that could sustain the universal availability of TV services: a more efficient, cheaper terrestrial service; cutting it down to a core service, or “nightlight221;, of main channels; or moving towards switch-off of terrestrial channels in the 2030s with support for those who need it.

Ofcom said with many multiplex broadcasting licences expiring in 2034, and some sooner, the need for certainty about the future approach was “increasingly pressing”.

[alan pt] 08/5/2024 12:19

I see that we are now have another chair


"Mr Sanderson is a chartered accountant and former CEO of British Linen Bank, which was the investment banking arm of the Bank of Scotland. He subsequently was Chief Executive of Bank of Scotland's Treasury arm and a member of the Bank of Scotland Management Board"

Or, to put it another way, he was a banker for 22 years and got kicked out during a reorganisation 25 years ago. A splendid appointment if you want to avoid any kind of challenge to the board or the investment manager

[elpirata] 02/5/2024 09:58

new analysis post Y/E by oakbloke to estimated nav 74.75p

[loglorry1] 02/5/2024 09:17

No, its all for sale either by bidding for whole company or for any asset. They wouldn't turn down a sensible bid even for Aqiva. It's just that they haven't had any.

The above just means they are actively marketing the all bar Aquiva. Even the delay with the wind down vote is academic if a bid would have arrived.

[wskill] 01/5/2024 10:13

loglorry1 Verne was for sale you mean not the rest,see below from recent results .

As announced on 25 March 2024, 99.9% of shareholders who voted at the General Meeting held on the same day approved the resolution to adopt a new Investment Objective and Policy, which will enable an orderly Managed Wind-Down of the Company's portfolio of five remaining wholly-owned assets.

Through a Managed Wind-Down, the Board will seek to realise all of the Company's investments in a manner that achieves a balance between maximising the net value from these assets and making timely capital returns to shareholders.

Sale preparations for wholly-owned assets, which include Aqua Comms, EMIC-1, Sea Edge UK1 and Elio Networks, are being progressed following shareholder approval of the Company's Managed Wind-Down. Investor outreach for the sale of Aqua Comms, EMIC-1 and Elio Networks commenced in April 2024.

[loglorry1] 01/5/2024 09:35

I don't know the details of the deal but I suspect KKR paid up for a lot of future growth. Before the take out at 955p the shares were trading at 659p so clearly were pricing in a lot of growth at that level too. It's very hard to day why KKR paid up without seeing the details but clearly they would have done a lot of due dilligence.

DGI9's assets have been for sale for ages now (practically) and nobody has shown any interest.

[duncansawalker] 01/5/2024 09:22

Perhaps, but KKR the P/E group bought smart meters for 20x (2023) so i'd be interested in your reasoning as to why Arqiva's offering is / isnt worth that....

[loglorry1] 01/5/2024 09:09

I doubt they can sell anything within Arq without Macquarie agreeing. This just sounds like bulls getting excited by picking on a part of a larger business and applying a very large multiple to it to make themselves feel better.

Arq transition to smart meters is a good thing but it's small so far and is a mitigating strategy in case the digital broadcasting business fades.

[duncansawalker] 01/5/2024 08:57

Marlint111: the spin off and sale of the water metering systems at 15-20x ebitda would also pay down 75-100% of the outstanding debt and leave Arqiva free to pay dividends for the next 15 out of considerable (albeit declining) FCF.

[williamcooper104] 01/5/2024 08:12

Yes on Tripple Point but the notice has been served - unfortunately it's 12 months It's possible they reappoint TP but would be on a different basis that aligned interest better On Acquivia - that would certainly help