Does anyone understand the context to that last Company Holdings RNS? Slater Investments now holds 4.87%. Is that a reduction on his former holding or an increase? A reduction would make sense as clearly a fund has been selling DOTD shares recently to pay for redemptions. At least that's my working assumption. |
4x revenue seems good to me with 93% repeating.
Dotd have a lot of cash sloshing around - as long as the acquisition adds to earnings, its a decent use of cash. Quite a high multiple of apparent earnings but if they’re reliable… |
25milllion...company's house shows 2.4 million cash, debtors along with 2.3 million loss.Also has US holdings that have bigger creditors than debtors Plus Co owes directors over 200kWonder how 25 million was judged good value?Any thoughts |
Well if there is a best time for a business on the lookout for acquisitions, to have cash, this must be close. The small cap market has pretty depressed valuations.
The other side of that is that some pretty good businesses will get taken out by PE - especially those with reliable revenue. |
Their own rating (on a somewhat currently depressed sp) is about 3.5x. If the acquired business has similar characteristics it may well be valued with a similar ratio. |
4x revenue for 93% repeat revenue doesn’t sound too shabby.
Depends on whether you think they’re building a business or just on a size ego-trip. |
That sounds expensive. Earnings enhancing in two years, seems we’ve taken the risk. |
Paying £25m for £6m revenue ????? |
Ask and you shall receive. :-)) |
I was a long time holder here until a short while ago, when I finally sold. For me, there's better fish to fry at the moment. That said, I think sailorsam is right, it's a great business - trouble is it may suffer for a long time yet owing to the overhang of the boom/bust it had post-Covid. What would really be a game changer is a cracking acquisition with the £50m-odd cash pile - not just gobbling up a competitor, but something that really enhances or transforms the DOTD offering - but does such a business exist? Maybe an AI company to support their recent enhancements? Anyway at this level they must be a sound long term pick, especially if annual growth of 10pc continues. Might need to watch for the renewal of Magento next year - it was only renewed for 2 years last time round, whereas I think it had been a 3 year thing the time before that. Good luck all. |
SCSW seems to have quite a few duffers at the moment including one share that has been suspended. |
Really? So why has the share price gone from over £2.50 to 85p. I bought @ 89p after the SCSW rec but irs looking like one of their duffers. |
Double digit revenue growth and 50m+ in cash. Great business |
Pretty dismal performance here over the last month or so - with a large cash pile they may benefit from higher interest rates. Guess the general downturn is causing concerns. |
Unexpected rise this afternoon. News Monday? |
kalai1. What's your opinion of wealthoracle? Are you a subscriber? TIA |
Dotdigital Group Plc posted Interims for the 6 months ended 31st December this morning. Group revenue increased 9% to £33.8m, recurring revenue as a percentage of total revenue increased to 95%. Adjusted EBITDA was down a little to £11.1m, with operating profit down to £7.5m, but both were in line with expectations and reflect planned investment in the team. Valuation is a little unhelpful with forward PE ratio at 23x, share price also lacks some positive momentum. The Group is profitable and delivering top-line growth and is certainly worth monitoring for the time being, but there is no obvious rush to buy...
...from WealthOracle |
 Beautiful interims with cash at almost 50m, given which, it's a shame there's no interim dividend?
Financial Highlights
-- Group revenue increased 9% to GBP33.8m (H1 2022: GBP30.9m)
-- Recurring revenue as a percentage of total revenue increased
to 95% (H1 2022: 94%). Contracted recurring represents
79% of total revenue
-- ARPC(1) up by 11% to GBP1,573 per month (H1 2022: GBP1,422
per month)
-- Adjusted EBITDA(2) of GBP11.1m (H1 2022: GBP12.2m) and
adjusted operating profit(3) of GBP7.5m (H1 2022: GBP8.9m),
in line with expectations and reflecting planned investment
in the team
-- Strengthening cash position with net cash balance of GBP49.6m
on 31 December 2022 (H1 2022: GBP40.0m)
Operational Highlights
-- International revenue of GBP11.5m (H1 2022: GBP9.7m),
representing 34% to total revenue (H1 2022: 31%)
-- R&D continues to unlock incremental growth opportunities,
with recurring revenues from enhanced product functionality
increasing 13% to GBP12.2m (H1 2022: GBP10.8m)
-- Ongoing product innovation to enhance the Group's Customer
Experience & Data Platform (CXDP), with a focus on predictive
analytics and real time automation functionality
-- Email marketing remains core alongside omnichannel uptake,
with email volume growth of 13% and SMS volume growth
of 18% in the period
-- Strengthening of strategic partnerships in both ecommerce
and CRM, with sales through connectors increasing by 17%
to GBP16.3m (H1 2022: GBP13.9m)
-- Ongoing planned investment in personnel and business infrastructure
to support continued growth
-- Growing new business pipeline, including higher value
deals, with trading at the start of H2 tracking in line
with expectations |
Today's disappointing results.. Not holding
Bought 98pence 21/1/2020 Sold £1.68 on trading update 27/1/22..
3/3/22 poor results down 81 pence on the day to 67pence. |
On the back of those results and the talk of a stronger pipeline in H2 alongside the acceleration in organic growth from PY, I'd hope the current consensus are a minimum for the full year outcome |
14 February 2023
Dotdigital Group plc
("Dotdigital" or the "Group")
Notice of Results and Investor Presentation
Dotdigital Group plc (AIM: DOTD), the leading 'SaaS' provider of an omnichannel marketing automation and customer engagement platform, will announce its interim results for the six months ended 31 December 2022 on Tuesday, 7 March 2023. |
150p target for me. Dyor |
Thursday 10 am |
Results tomorrow I think |
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