Digitalbox Share Discussion Threads

[swiss paul] 26/3/2024 20:44

Includes Q& A session at end

hxxps://www.investormeetcompany.com/meetings/full-year-results-124

[swiss paul] 09/1/2024 15:38

Pre-Close Trading Update and Notice of Results
Digitalbox plc (AIM: DBOX), the mobile-first digital media business, which owns Entertainment Daily, The Daily Mash, The Tab, The Poke and TVGuide.co.uk, is pleased to provide the following trading update ahead of the publication of its results for the twelve months to 31 December 2023. The Company expects to announce its results on 26 March 2024.

Digitalbox expects to deliver results in line with full year market expectations. The challenges experienced in the year including a difficult UK advertising market and the major platforms restricting publisher traffic are easing. The restrictions placed on Entertainment Daily for Google-sourced traffic have been resolved with a return to more normal traffic levels from November 2023. Furthermore, the Company's most recent acquisition completed in October 2023, TVGuide.co.uk, is working well within the Digitalbox operating model andthe Social Chain pages acquired in September 2023 are performing in line with expectations and providing ongoing audience amplification.

As a result, Digitalbox expects EBITDA* for the year ended 31 December 2023 to be in line with the most recent market expectations and to see a return to more positive trading in 2024. As at 31 December 2023 the Company had more than £1.9m in gross cash.

James Carter, CEO, Digitalbox, said:"2023 was a turbulent period. We faced a depressed advertising market driven by the macroeconomic environment and some algorithmic platform issues which have affected many publishers. These platform issues particularly impacted audience levels for our leading brands Entertainment Daily and The Tab. Despite these challenges, we continued our strategy by acquiring TVGuide.co.uk and focused on maximising the performance of our existing portfolio. This is evidenced by The Poke acquired in December 2022, which has repaid over half of its acquisition costs while trading well through a difficult year."

"Looking ahead, TVGuide.co.uk provides a major expansion opportunity in future years. After an extensive re-engineering process to bring the brand onto our Graphene platform, we are seeing encouraging traffic and revenue performance coming through. We are mindful of the continuing difficult economic conditions but we have confidence from the regaining of Entertainment Daily's Google audience and a steady return in the ad market as we move through 2024. From an audience perspective, the business has diversified its traffic sourcing to a point where it is now fundamentally more evenly balanced than at any point in the Company's history. "



*All EBITDA figures quoted are for Adjusted EBITDA,defined as the operating profit after adding back depreciation, amortisation, impairment, share based payments, acquisition costs, direct costs associated with business combinations and capital restructure costs.

Up as we end the day - niiiice

[swiss paul] 08/11/2023 15:46

All quiet in here - when is TU due?

[swiss paul] 13/10/2023 10:38

Completion of Acquisition of Assets from TVGuide.co.uk Limited

Digitalbox plc (AIM: DBOX), the mobile-first digital media business, which owns Entertainment Daily, The Daily Mash, The Tab, and The Poke is pleased to announce that, further to its announcement on 30 May 2022, it has completed the acquisition of the web and mobile platform assets of TVGuide.co.uk Limited ("TVguide.co.uk") alongside the Amazon Alexa TV Guide skill ("Acquisition") for a total cash consideration of £470,000 ("Consideration").

The total Consideration is 15% less than previously announced. Following the £20,000 consideration paid at exchange the remaining consideration will be via a payment of £270,000 on completion and a deferred payment of £180,000 after four months. The Consideration is being funded through Digitalbox's cash reserves which stood at c.£2.3m at 30 June 2023.

[swiss paul] 26/9/2023 21:39

Half the value of the co - £4mill is held in cash - circa 2mill.

The problem they have is Meta and Google grabbing the pounds. Positive is that they are now getting paying customers on some of there offerings with most taking out a 12 month subscription.

I still thnk this could have legs and I wonder if the CMA or EU euqivalent will say its not allowed.

As an aside I see the US govt is doing an anti trust against Amazon over monoplies.

[shanklin] 21/9/2023 13:54

N14th

At least we now know why there wasn’t a TS on the anniversary of the one last year. IMHO management didn’t want to advise shareholders about the start of an adverse trend UNTIL it was proven to be a complete Sh1tshow. I really don’t believe that was appropriate behaviour.

How can one now trust management to keep shareholders updated in a prompt and honest manner?

On top of this we have a business that currently seems uncertain whether it has a tenable business model, even though it’s trying to sound positive.

On the basis of the above issues, I sold my smallish position yesterday.

[shanklin] 19/9/2023 17:02

Thankfully one of my smallest holdings. Presume there was a board meeting this afternoon and they decided they could no longer pretend the reality in H2 was a minor short term aberration. Its going to be a jolly InvestorMeetCompany session next week

[eezymunny] 19/9/2023 16:30

Shocker of a trading statement. The destiny of these web ad companies doesn´t seem firmly in their own grasp. Some bod at Alpha or Meta flicks a switch and revenues dry up without notice. Messy IMO...

[napoleon 14th] 14/8/2023 10:22

T/U this time last year.
This share suffering lack of news?

[hastings] 01/8/2023 07:19

I agree, perhaps we will get further news in due course! Still, looks a great fit and earning enhancing. If the other is duly completed, then things could be become very interesting!

[shanklin] 01/8/2023 07:11

Not the one we had been have been looking out for

[hastings] 01/8/2023 07:10

Interesting acquisition announced this morning.

[hastings] 14/7/2023 11:17

Increased position from Patrick Brennan of Fair Capital Value and Storia. Over 18% of DBOX now, just below Downing's 19%.

[napoleon 14th] 28/3/2023 14:23

Today's results show good cash generation (up 142%), fast payback on acquisitions.
Revenue & profit are not so brilliant, but neither was the economy.
Management know what they're doing & the basics look solid enough,
their flair for buying the right businesses gives this a LTBH IMO.

[hastings] 29/1/2023 12:14

There isn't a link as it's not readily available.

[euclid5] 29/1/2023 12:11

anyone have the link to the BN please?

[hastings] 16/1/2023 07:55

Very nice buy from the CFO with 550k shares taken at 8p.

[hastings] 14/1/2023 09:29

Just realised the net cash wasn't mentioned in the release, only in the broker note!Not sure why they omitted that having quoted the gross, less informative figure.

[hastings] 14/1/2023 08:07

The scribe didn't look very far then, as net cash forecast ahead of the £2.4m which was the broker forecast. DBOX had previously cited headwinds for the second half, so improved margins at 30% and an EBITDA slip of £80k doesn't look bad on the revenue shortfall. Depends on your investment timeline with this though, as obviously near term headwinds likely to persist. Mid-longer term investment case remains attractive for me, as the company operates a capital light model, is highly cash generative and operates in a space that has long term growth traction. Happy to hold and will likely add on any further share price weakness.

[napoleon 14th] 14/1/2023 01:13

Today's Small Caps Life:

This update starts off very bullish:

"Despite the challenging conditions across the entire media industry in Q4 2022 - traditionally the Company's most important trading period - management action ensured the Company continued to deliver very strong margins. As a result, Digitalbox expects EBITDA* for the year ended 31 December 2022 to be comfortably ahead of the £1m delivered in 2021."

But appears to have been written by the satirical daily mash team since it is ultimately a mild profits warning:

"…broadly in line with the most recent market guidance, despite the economic headwinds resulting in revenue below market expectations."

Then they quote gross cash of £2.8m which is of course, meaningless if no net cash figure is also quoted. This is in line with the figure at H1, so the assumption could be a similar net cash figure or about a quarter of the market cap.

They did a small acquisition in the period, but no figures were given, and with only £170k revenue acquired, it suggests they paid very little. Perhaps the best that can be said for H2, then is that they didn’t lose money. Not exactly the most attractive investment proposition!

[hastings] 12/1/2023 10:50

For interest, brief but I'll add a larger write up come the results when I speak again with the CEO.Https//martinflitton1.wixsite.com/privatepunter/post/tough-times-but-dbox-retains-the-appeal-12-01-23

[hastings] 12/1/2023 10:19

Inevitable we would drop in the current climate, but remains an excellent mi-long term play.I'll add my brief write up shortly, been in touch with the CEO.

[napoleon 14th] 12/1/2023 09:38

That is a good TU RNS yet =we're down 15%?!
The market knows how to be its' own fool, ignoring cashflow & ebitda.
Comfortably ahead of ev/ebitda of <8, probably nearer 6, with P/E of c. 10.
I hold & won't sell.

"Digitalbox expects EBITDA for the year ended 31 December 2022 to be comfortably ahead of the GBP1m delivered in 2021 and broadly in line with the most recent market guidance, despite the economic headwinds resulting in revenue below market expectations. As at 31 December 2022, the Company had more than GBP2.8m in gross cash."