Digitalbox Share Discussion Threads

[coldspring] 01/10/2020 06:11

Acquisition of tab media for £750k

[grees57373] 29/9/2020 19:59

Bloody needs to be. I'm bored out my mind with this share...

[hedgehog 100] 29/9/2020 14:41

25/09/2020 07:00 UKREG Digitalbox PLC New borrowing facility agreed

"Digitalbox plc (AIM: DBOX), the mobile-first digital media business, which owns Entertainment Daily and The Daily Mash, announces that, in order to strengthen the balance sheet and aid liquidity, the Company has secured a GBP450,000 five year term loan facility under the British Business Bank's Coronavirus Business Interruption Loans Scheme (CBILS) from its bankers, National Westminster Bank plc (the "Facility").

The Facility can be drawn down at any point before 9 December 2020 with a 12 month interest-free period following drawdown and an interest rate of 2.48% per annum on the drawn down amount thereafter. The funds are repayable commencing 12 months after drawdown in equal monthly instalments for the remaining four years. There will be no penalty for making early repayment(s) of all or part of the Facility."




Added to the company's existing cash, this new facility can provide very useful extra liquidity at a very cheap price:

08/09/2020 07:00 UKREG Digitalbox PLC Unaudited Interim Results
" ... Furthermore, the cash balance has increased from GBP0.5 million at 31 December 2019 to GBP1.2 million at 30 June 2020. ..."



Could it be a prelude to an acquisition?

[grees57373] 08/9/2020 14:30

Completely agree - they can't sit around hoping the minimal sites they have will keep producing...I've been invested since the reverse take over... when I was holding shares in the shell, hoping for something good. kept hold as I was hoping for an exciting build up of takeovers...

[scotty666] 08/9/2020 12:12

Grees - like you invested. I had expected more from the management team than running a few ad producing sites, the strategy was to grow by acquiring other sites yet they have done nothing since listing with daily mash acq. They need to be more aggressive Covid or not, having £1.2M in the bank right now should not be a positive unless they use it !!!

[grees57373] 08/9/2020 09:12

They are better than they were. I had expected a bit more though, given the internet being everyone's point of call during covid. But ad rev has dropped everywhere but with the usual giants. That being said though...this company just screams dull at the moment (yes I'm invested). There is no interest from anyone in it...just look at this board on results day - tells you all you need to know. Until that changes then I can't see any movement here for a while.

[netcurtains] 08/9/2020 06:44

The results look OK to me? What are your views?


Financial Highlights

· Group revenue of £1.0 million, up 38% year on year.

· Gross profit of £0.7 million, up 74%.

· Gross margin of 71%, up from 56%.

· Adjusted operating profit1 of £0.05 million.

· Loss before taxation of £0.1 million.

· Cash balance of £1.2 million, up from £0.5 million at 31 December 2019.

.

[hedgehog 100] 26/8/2020 16:26

LSE % Gainers Top Lists
EPIC Name %
IMMO Immotion +18%


IMMO has again finished seventh highest riser today, closing at 4.95p - a market cap. of £18.79M.

Which makes DBOX at 5p - market cap. £4.36M. - look a quite stonking bargain.

And there should now be just seven trading days before DBOX's interim results, which could be a catalyst for a DBOX rerating back upwards:

28/07/2020 07:00 UKREG Digitalbox PLC Pre-Close Trading Update
"Digitalbox plc (AIM: DBOX), the mobile-first digital media business, which owns Entertainment Daily and The Daily Mash, today issues a pre-close trading update for the six months ending 30 June 2020. The Company expects to announce its interim results on 8 September 2020.
Despite the impact of COVID-19, the performance of the Company in the first six months has been encouraging. As a result of the Company's strong operating margins, Digitalbox expects to report adjusted profit before tax ahead of management expectations. Furthermore, the cash balance has increased from GBP0.6 million at 31 December 2019 to GBP1.2 million on 30 June 2020. ..."

[hedgehog 100] 08/8/2020 20:27

Acquisitions, extraordinary growth, & second half weighting:

02/04/2020 07:00 UK Regulatory (RNS & others) Digitalbox PLC Full Year Results
" ... We are certainly going to continue investing in our current channels - there is more to come - and we are combing the marketplace for further acquisition targets. Extraordinary growth comes from preparedness meeting opportunity. ...
Our interest in making acquisitions remains strong with the Daily Mash having proved a great success. As the market continues to offer significant opportunities, we will maintain our focus on seeking out businesses with the potential to flourish on mobile - we firmly believe this is where significant shareholder value can be delivered as the advertising market rebalances towards the mobile audience segment.
The expansion of our team and infrastructure to deliver the reverse takeover of Polemos in February has provided us with headroom to deliver significant further growth while operational efficiencies remain strong. ...
We believe Digitalbox is well positioned to navigate its COVID 19 journey and with the seismic change it brings may also come opportunity that with GBP1 million of cash in the bank at the time of reporting we will be well placed to exploit. Our business is naturally second half weighted and this may become more pronounced given the likely impact of COVID19 on H1. We nevertheless remain confident that the Group can perform well in the year ahead."

[hedgehog 100] 08/8/2020 20:13

02/04/2020 07:00 UK Regulatory (RNS & others) Digitalbox PLC Full Year Results
" ... Financial review
For the ten months since the Acquisitions reported on the year, the Group traded well. Revenue was in line and EBITDA ahead of management expectations as direct costs were lower than anticipated.
All of the reported revenue and gross profit in the year was generated in the ten months since completion of the Acquisitions. Revenue for this ten-month period was GBP2.2m. Gross profit was GBP1.8m.
The adjusted EBITDA for the year was GBP525k and our adjusted EBITDA margin was 23.4%. At the end of the year the Company had GBP477k of cash and no debt. Adjusted EBITDA per share for the year was 0.7p. ..."



DBOX's underlying eps last year was 0.7p, compared to its current share price of just 5.25p: i.e. the share is currently trading on just 7.5 times underlying eps.
Plus a healthy and growing cash balance.

Earnings-enhancing acquisitions and organic growth could potentially yield eps of say 2p a share within the next few-several years.
With a generous rating for an exciting growth company, the share could potentially trade at over 100p within this time frame, which could make it a 20-bagger from current levels.

[hedgehog 100] 01/8/2020 19:20

I'm now turning bullish on DBOX at 5.5p.

The company's profit upgrade this week is very positive news in the current pandemic.


28/07/2020 07:00 UKREG Digitalbox PLC Pre-Close Trading Update

"Digitalbox plc (AIM: DBOX), the mobile-first digital media business, which owns Entertainment Daily and The Daily Mash, today issues a pre-close trading update for the six months ending 30 June 2020. The Company expects to announce its interim results on 8 September 2020.

Despite the impact of COVID-19, the performance of the Company in the first six months has been encouraging. As a result of the Company's strong operating margins, Digitalbox expects to report adjusted profit before tax ahead of management expectations. Furthermore, the cash balance has increased from GBP0.6 million at 31 December 2019 to GBP1.2 million on 30 June 2020.

Revenue for the six months ending 30 June 2020 is expected to be flat year on year at approximately GBP1 million. The two factors that drive revenue are the volume and value of advertising. The volume is reflected in the number of visits (or sessions) that the Company's websites receive from users that come to read the content. The value is the price paid by advertisers to reach these users during these sessions. The number of visits to the Company's website has increased significantly but this has been offset by the sharp fall in the value per session because of COVID-19. The executive team took measures to mitigate the impact of the lockdown to offset the revenue shortfall, which protected the profit margin.

The performance of the Company's online publishing assets has progressed during the period. Entertainment Daily which is focused on TV and showbusiness news had a strong six months. The number of sessions recorded was up 16% compared to the same period last year. In February 2020, Entertainment Daily had more than six million unique users to its site, a similar level to December 2019. December is historically the biggest month of the year for Entertainment Daily. In the second quarter, the lockdown dominated the news agenda and reduced the flow of entertainment news. As a result, revenue for the period was flat.

The Daily Mash, which the Company acquired in March 2019, has been successfully expanding its user base. The site saw record audience figures through the early stages of lockdown as the nation looked to brighten its mood. Top articles through the period included: ' School kid who didn't revise and prayed for a miracle scared of his own powers' ; 'Waitrose limits food sales to people with detached houses'; and 'Your guide to holding out till midday before starting to drink'. This increase was also helped by the Mash Report TV show which aired on BBC2 through April and May. The show achieved record viewing figures as it successfully adapted its production format. Importantly, its share of the younger audience demographic grew, which is a key metric for the BBC when judging success.

Like other media companies, Digitalbox has found trading very challenging because of COVID-19. While much uncertainty remains, there are some early signs in the third quarter that advertising spend is increasing. The Company remains cautiously optimistic that a positive advertising market upturn will occur in the second half of the year. This half is traditionally the Company's strongest trading period.

James Carter, CEO, Digitalbox plc, said: "Our success in the first quarter positioned us to withstand the challenges presented by COVID 19. We quickly adapted to deal with the new environment, and our content teams made a seamless switch to homeworking. Running a largely automated commercial operation through programmatic and header bidding solutions has enabled us also to continue the trading of our inventory without disruption.

"While the lockdown has presented great opportunities for the Daily Mash to showcase the talent of its writers, the flow of news for Entertainment Daily slowed as TV production stopped and celebrities were out of view. We remain cautiously optimistic about the second half of 2020 as big TV shows return to our screens, retail opens up again, and the economy returns to a more positive position." "

[bazzerhino] 06/7/2020 17:01

SLINGERMAN

Exciting ain't it?

[slingerman] 06/7/2020 15:39

Someone just bought 11 shares ? Hmmmmm

[bazzerhino] 14/6/2020 16:13

Will this company EVER do anything that will provide shareholder value? Sick of it... Lol...

[scotty666] 16/4/2020 13:02

From the interview may see a tasty and covid discounted acquisition which would be welcome news

[scotty666] 13/4/2020 02:44

Thanks Kenny, DBOX are in a strong position all things considered

[kennyruss] 07/4/2020 07:06

hxxps://twitter.com/MarketMusing/status/1247414507397427200?s=20

James Carter Podcast

[scotty666] 02/4/2020 11:50

Fantastic results
Cash up no debt
Still performing well in Q1
Equal mix of opp&risk during Corona
Will come out stronger than most competitors

[thomstar] 04/3/2020 10:05

Hope this classic low volume aim tudd gets a meat injection soon

[babbler] 24/2/2020 09:00

Others selling is a buying op... Results next month not long away and should rise nicely imo. I bought a few but not showing. GITS.

[dave4545] 24/2/2020 08:45

64986 paid 7.5p Friday did well actually to get 7p bid when 7.2p to sell

I've seen the mm's butcher sellers far worse than that in this stock

[scotty666] 21/2/2020 15:40

My view is that it should be more than double the current share price As they release results and give some comfort they are on target for 2020 earnings of 1M then I expect the price to move accordingly - working capital is minimal so cash should be strong also.