Digital 9 Infrastructure Share Discussion Threads

[cc2014] 08/9/2024 07:46

I suggest Joe Say you go and find the video and listen to the reason they don't want Arqiva. I'm sorry I can't give you a link and don't have the inclination to go and find it.

My memory of the reason is a big vague but part of it was something to do with the BBC licence fee.

[joe say] 08/9/2024 07:45

Emailed the company with my thoughts/suggestions.

I would add that should anyone be thinking of forming an action group then I would gladly join that.

Has worked for me in the past

[joe say] 08/9/2024 07:39

I'd take that with a pinch of salt CC2014

For example, Liebour also made various tax promises - but that doesn't necessarily mean they'll keep them.

[cc2014] 08/9/2024 07:32

There's a presentation where CORD are asked this by an analyst if they are interested in Arqiva. The answer was a resounded no.

So I suggest you guys knock that idea on the head.


(Further, a read of any of CORD's larger RNS or the accounts would quickly lead you to that conclusion)

[spectoacc] 08/9/2024 06:57

If CORD wanted Arquiva, they could buy it on the very cheap, without can-of-worms DGI9.

[alan pt] 07/9/2024 20:10

A 3 for 5 from CORD and I'd be dancing in the street. I'd be very happy with a 1 for 2, CORD seems pretty well run and there's upside on the shares

[popit] 07/9/2024 18:38

Cordiant already own broadcast infrastructure in the Czech Republic and in Poland and in Belgium

So Arqiva would probably be a very good fit for them

[daveoz1] 07/9/2024 18:33

Thanks AlanPT, I did certainly consider doing exactly that..should have just done it!

[williamcooper104] 07/9/2024 18:17

Why would Cordiant want Acquivia - it would be too off piste

[popit] 07/9/2024 18:12

Cordiant Digital Infrastructure
Market Cap £600 million
Share price 80p

So a 3 for 5 shares offer from Cordiant would be worth about 48p per share for DGI9 shareholders

And a 4 for 5 shares offer would be worth about 64p per share

The board of directors could then tell DGI9 shareholders what a good offer price they have negotiated at a 40% premium to the “most recent” NAV of 45p

An outcome like this looks quite possible now and 45p will obviously be the floor price for any offer from Cordiant or another large infrastructure company

[craigso] 07/9/2024 17:44

A bid of 45p in Cordiant shares (on a 35% discount so "70p" of NAV) has a bit of symmetry to it. Talk us down to 45p but then sell us on retaining the old NAV / upside because we're getting shares "worth" 70p...

But whether the Cordiant Board and major shareholders want to get involved in this mess is another question...

Of course it could be any other infrastructure or PE fund currently trading on a discount but looking for ways to get bigger.

[alan pt] 07/9/2024 17:35

@daveoz1 Just imagine that you run a small ltd, give yourself the job title of Director @ DaveOz Ltd and your postcode (or tbh, any random postcode)

I have at least two registrations with Citywire, they don't care much about cleansing their data :)

[daveoz1] 07/9/2024 14:52

Many thanks for that, Tiger.

[tigerbythetail] 07/9/2024 14:30

Well we should get the 2024 Annual Report of Arquiva and the 2023 accounts of Aqua Comms this month. They would help!
I'm not happy (amongst other things) with the lack of detail in yesterday's RNS. It leaves way too many important questions hanging, and I question why. Perhaps the OakBloke is right, and we're being softened up for a low-ball offer!
At this point, a "clean" 45p offer would leave me feeling both relieved and ripped off at the same time. But I'd take it and move on to the next story.

[daveoz1] 07/9/2024 14:24

CC2014: Thanks for the link, but when registering on Citywire, they clearly expect you to have a job title, company name and office post code - as I am retired that's no good for me! Is it possible to copy and paste the article (or some of it) on here?

[popit] 07/9/2024 14:17

Oak Bloke probably has it right this time

Would not be surprised if there was a 45p offer from Cordiant for example

A floor price of 45p is not a bad outcome for shareholders

[redhorse2020] 07/9/2024 12:49

I guess the problem for us shareholders is that we no longer have a clue what this is really worth so how do we know what is a good offer. Personally I'd happily take 35p now - it's likely worth a lot more but who knows?

[skyship] 07/9/2024 10:55

An offer in the 30p/35p range would secure my acceptance - a big premium to where we are currently!

[bagpuss67] 07/9/2024 10:03

I guess the acid test though is whether if they did sell up at say 45p we would want to let them loose with some of the proceeds to embark on litigation or just to call it a day and move on. I think I would perhaps take the 45p if on offer.

[williamcooper104] 07/9/2024 09:47

mailto:[e-mail] used this - was on their website Well worth writing to the FCA

[craigso] 07/9/2024 09:14

Oak Bloke - if I understand correctly - hints that the vague 45p NAV might be due to somebody offering to buy the whole company for roughly that amount. (perhaps in shares instead of cash) With all this BS about financing conditions attempting to set up the bidder as a "white knight".

There's certainly some logic to the idea that Arqiva + Verne earn-out doesn't make sense as a stand-alone IT. And letting DGI9 investors remain invested in those assets (via another, larger publicly-traded entity) might be more palatable than selling out at fire sale prices.

[hindsight] 07/9/2024 08:49

Thank you William for getting the ball rolling. Do you have the best contact names, addresses to use and will write my letter(s) to them and the FCA

[foetus in your brain] 07/9/2024 08:43

Always go after the deepest pockets. I sold half my holding last year but kept the rest after the RNS in July 23 where they said the 6p dividend would be maintained and wholly covered by the end of 24. So I told the wife let's hold on as we are getting 10% income until the macro environment improves. I've been the director of a Jersey based UK 250 infra find and that statement would only be made after a sign off from all the advisers.

[skyship] 07/9/2024 08:30

Also said my piece directly to TP. Wonder if I receive a reply. Basically told them their fees were fraudulent and they need to make a large refund; or legal action will surely follow.