Digitalbox Share Discussion Threads

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

All quiet in here - when is TU due?

[swiss paul] 13/10/2023 09:38

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 20:39

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 12:54

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 16:02

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 15:30

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 09:22

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

[hastings] 01/8/2023 06:19

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 06:11

Not the one we had been have been looking out for

[hastings] 01/8/2023 06:10

Interesting acquisition announced this morning.

[hastings] 14/7/2023 10:17

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 13:23

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."

[masurenguy] 21/12/2022 01:12

DBOX tipped for 2023 by Andrew Hore, editor of the AIM Journal

Digitalbox is forecast to make pre-tax profit of £1.2m this year rising to a pre-tax profit forecast of £1.5m in 2023, an estimate that predates the Poke acquisition. “Management has shown that it can take these digital brands and improve advertising income. At 8.75p, the shares are trading on 11 times 2022 earnings. There may be concerns about the general advertising market, but Digitalbox has proved to be resilient and it is highly cash generative. Cash could equate to one-third of its market cap by the end of 2023.” says Andrew

[hastings] 01/12/2022 07:24

You best go buy a bucket and ladder then!