Digitalbox Share Discussion Threads

[hastings] 10/12/2024 10:35

I'd have thought the £600k you mention is very much within reach for this year. I also believe going this early ahead of a key Xmas period demonstrates a lot of confidence, so if the recent momentum continues in the next few weeks, there should be a good result.It'll be interesting to see how things pan out in the next month or two and what the broker pencils in for next year!

[dangersimpson2] 10/12/2024 09:27

I think the £3m is because Panmure Liberum is not using enough decimal places in their summary!

Their more detailed numbers had £3.379m revenue. So £3.5m+is not a huge beat on revenue, it would seem that they have also managed to keep costs down and hence deliver better margins.

EBITDA was forecast at £0.526m, so perhaps we are at £0.6m now?

It's a shame the company didn't give current cash balances, but then mid-month figures may not be representative. PLhad just over £2m forecast. So, at 4.75p we have a £5.6m market cap, £3.6m EV and are on 6xEV/EBITDA. Still reasonably cheap for a cash-generative capex-light business, but not a screaming bargain. The real value is in the momentum as PL had over £0.8m EBITDA in for FY25. If this gets upgraded, or even just the recent trading gives greater confidence that the £0.8m is achievable, then it will look extremely cheap.

[hastings] 10/12/2024 07:08

Excellent and welcome TU this morning, revenue of at least £3.5m is well ahead of the expected £3m.

[hastings] 28/11/2024 07:14

New CFO looks a very good choice, plenty of experience that should assist in the future direction!

[hastings] 07/11/2024 08:38

I agree DS, I'm sure your take is spot on.

[dangersimpson2] 07/11/2024 08:07

It is tiny; the "less than 3%" works out at around £80k revenue, so those 8 employees are almost certainly part-time. Adding the sites to the Graphene adstack should significantly boost revenue, though. No figures are given, so I'd hope that they have been able to negotiate some future profit-share as an earnout rather than paying anything for this upfront. Sounds like it was non-core and loss-making for the seller and they should have been happy to get anything and surely can't have negotiated that hard on price!

[hastings] 07/11/2024 08:00

Some additional assets acquired from GRV Media announced this morning look like reasonable additions.

[swiss paul] 01/11/2024 08:55

Non independent Non Exec - why dont they use the word shill.

[swiss paul] 25/10/2024 08:35

RNS Number : 5472J
Digitalbox PLC
25 October 2024

25 October 2024



Digitalbox plc

("Digitalbox" or the "Company" or the "Group")



Directorate Change

[hastings] 25/10/2024 06:06

So, we now have confirmation of two new Director appointments with the former Bauer media man being supported by both Downing and the other major holder Storia (Patrick Brennan).

[hastings] 24/10/2024 16:55

That's my point Red, either he's been appointed or he hasn't! He's quite a big hitter, so I'm wondering just what is in play now. The impasse looks set to be broken, hopefully with a positive outcome!

[red ninja] 24/10/2024 16:40

Agreed they should have announced he has been appointed, but maybe the meeting to appoint him has yet to be held.

[hastings] 24/10/2024 16:37

So, if that's the case, why hasn't DBOX announced it. Perhaps a bit presumptuous on Judith's part!

[red ninja] 24/10/2024 16:07

You posted :-

"I’m struggling to see who the new board member at DBOX is, or have I missed it!"

That says it is Graham Bryce !

[hastings] 24/10/2024 16:03

That's already been posted, not sure why you're repeating it!

[red ninja] 24/10/2024 16:01

9th October 2024

Digitalbox plc

("Digitalbox" or the "Company" or the "Group")



Receipt of Requisition Letter



The Board of Digitalbox announces that it has received a letter dated 8 October 2024 from Northern Trust Global Services Plc on behalf of Downing Strategic Micro-Cap Investment Trust Plc, shareholders in the Company holding, in aggregate, 22,589,795 ordinary shares representing c.19.5% of issued share capital, requesting the Board convene a general meeting pursuant to section 303(1) of the Companies Act 2006.



The letter requests that, at a general meeting, shareholders of the Company consider and vote on an ordinary resolution to appoint Graham Bryce as a director with immediate effect.



The Company is taking advice as to the validity of the requisition letter and a further announcement will be made in due course.

[hastings] 23/10/2024 06:22

Downing Micro reference on DBOX this morning. "The remaining assets, the manager believes, have potential for further upside gains and these are likely to be realised through corporate actions. Both DigitalBox and Centaur have announced new Board Members and have launched Strategic Reviews to maximise value realisation"I'm struggling to see who the new board member at DBOX is, or have I missed it!

[swiss paul] 22/10/2024 16:34

All quiet here ATM

[hastings] 09/10/2024 06:15

Another twist, with Downing now pushing for former Bauer Media man Graham Bryce to be appointed to the board!

[hastings] 07/10/2024 07:36

Spot on DS, looks like a now fast moving situation following on from the previous news that was announced.

[dangersimpson2] 05/10/2024 07:32

It is clearly Downing that have requested the Strategic Review. The 19.5% of the company sitting in the winding down Downing Strategic Microcap Fund has been an overhang here for the whole of this year. Now pretty much every other DSM holding has been sold and they haven't been able to get rid of their stake here, at least at a price they are willing to accept. It is so illiquid that selling that sort of stake in the market would be pointless.

[swiss paul] 02/10/2024 15:14

2nd October 2024

Digitalbox plc

("Digitalbox" or the "Company")

Proposed Capital Reduction


Digitalbox, the mobile-first digital media business, which owns leading websites Entertainment Daily, The Daily Mash, The Poke, The Tab and TV Guide, today announces intention to seek the necessary approvals for a capital reduction.

The Company currently has negative distributable reserves. The directors would like to undertake a capital reduction in order to put the Company in the position of being able to pay dividends or undertake a share buy-back, should the Board consider this to be the most sensible use of any surplus cash on the balance sheet. There is no certainty that the Board will undertake either of these processes.

This restructure, which requires, inter alia, Board, shareholder and court approval, would result in the transfer of the balance on the share premium account into distributable reserves creating a surplus. We expect the process to be completed by 31 December 2024, subject to obtaining appropriate court dates and registration of the share capital reduction at Companies House.

A further announcement will be made along with a Notice of General Meeting, setting out further details of the proposed capital reduction, in due course.

[napoleon 14th] 24/9/2024 12:58

Pretty decent, IMHO.
Unfortunately I bought too soon, just before monopolists tried to squeeze the competition out by reducing news access.
I'll stay in as the payback rates are exceptional and value will out long term IMO.

[hastings] 24/9/2024 06:28

Interim Results read positively this morning and on track for full year expectations. That sees the shares on PE of little more than 8, with net cash of £1.8m accounting for close to 50% of the mkt cap.