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Don't know about that UT, but a bit more life in the SP would be welcome. I would be happy in the short term for a 50% increase in value to get things started. We seem to have a permanent off the radar position which is very frustrating for a seemingly well run small company. I often muse a T/O might be our only way of gaining some value.
Any chance this share (Digitalbox nee Polemos nee Plus Markets) will ever return to the peak (price per share of 77,500.00 GBX) it reached on 21 April 2006 ? Naturally, this question would be relevant to long time holders only, but you never know, there might still be one or two around.
https://www.londonstockexchange.com/news-article/DBOX/late-night-mash-to-launch-on-dave/15076640
Just to let shareholders and prospective investors know that Digitalbox plc will be presenting at Mello Events’ Results Roadshow Special webinar event on Monday 29th March at 5pm-9:30pm. There will also be other fantastic company presentations from GetBusy, Filta Group and Judges Scientific plc.
There will be over 600 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions including the popular Mello BASH (Buy, Avoid, Sell or Hold).
Tickets are still available and if you would like one at half price then enter the code LSE50OFF.
Https://melloevents.com/mellomonday-29th-march/.
DIGITALBOX is a £7 million market cap digital media publisher with a platform optimised for
mobile viewing – the fastest growing medium for online content consumption. The company
monetises three titles, Entertainment Daily, the Daily Mash, and now, The Tab, which was
purchased in October last year.
Digitalbox utilises a programmatic ad stack to monetise its titles – that is an automated process
for matching supply and demand of advertising inventory. Programmatic advertising is the way
the industry has headed online as it allows for more targeted ads based on a user’s browsing
history in real time. What we specifically like about Digitalbox’s model is its targeted nature, i.e.
The Tab caters specifically towards the student market where we think it should generate
specific marketing responses and create a high value niche. The other aspect we like is its cost-
conscious approach to creating content which allows it to generate attractive margins even at
relatively low scale.
We view Digitalbox’s value creation opportunity across two buckets. Organically, we see scope
to continuously improve title monetisation. As an example, we think that Entertainment Daily
can generate around £12 of revenue per 1,000 sessions, compared with The Tab at only £3-4
pre-acquisition, despite having broadly similar content length. Combining improving
monetisation with a largely fixed cost base leads to rapidly improved earnings and we think that
The Tab can go from an EBITDA loss making business, to EBITDA profitable in the twelve months
post-Digitalbox’s acquisition. Inorganically, the opportunity is to continue to consolidate under-
monetised titles and improve their earnings. There are a plethora of opportunities which have
lacked investment to move online in the transition from print media, and Digitalbox is well
capitalised to take advantage of these.
Ultimately, we expect to crystalise value from our £1.2 million investment in Digitalbox through
a trade sale. We view the recent board shuffle as positive in this regard with Marcus Rich having
been appointed Chairman in early February. Marcus was previously Chief Executive of TI Media
where he led the sale of NME.com to Bandlab Technologies and ultimately oversaw the
company’s sale to Future plc.
No idea if he was pushed but there was a change a couple of days ago, so maybe they want some fresh blood in to move this forward.
Does anyone in the know have any comment on today's RNS. Was this planned? Did he jump or was he pushed? What difference will it make?
No drop today. DBox is flying !
ha
Your not that jolly are you more of a vulture speculator
the dreaded "long term investment" justification
interesting to see how this tests the 4.9p placement price
often (?usually, even), any weakness pushes the sp at least 10% below imv
tp 4p for a punt
I agree, this is a long term investment and like many companies is experiencing a bit of headwind due to the covid problem. It would seem they have come through ok so should now be looking to increase profits in the next quarter.
I'm guessing they are focussing on the negatives and read it as a profit warning. It might be a chance to top up on the cheap, I am still happy these meet my criteria for a long term hold.
RNS seems to be positive. Why such a drop?
The SP is only just back to the level when it first listed in Feb/March 2019 ( Changed name, directors and acquisition), so for me it seems very cheap considering the progress made since then. I am a LTH and look forward to continued growth in profits and MCap. I think we have a very astute BoD with a sense of direction for the future which is rare amongst AIM listed companies. GLA.
Let's hope we can hit a 6 months high by the end of the day
Yes i think this remains very under the radar, I guess it isn't as exciting as the covid / mining shares. personally I am happy to sit here long term.
Good to see someone with confidence. Still under the radar here.
interesting reading the last couple of RNS's it seems a couple of fund managers have taken a decent stake, given the capacity for research and due diligence they will have employed there must be something they see here. lets hope this starts to move upwards.
I agree a slow steady share that’s under the radar. I’m happy to hold for the long term and see where it goes
Glad I stuck with this one. Nice to see the SP climbing.
Steady buying in small size. Obviously not many sellers after latest announcements. New broker is also supposed to bring in some institutional buying; so we might have come off the bottom and started an upwards trend.
Be nice to reach my break-even soon!
Thanks Copout & Paulus.
1st Oct 2020 7:00 am RNS Financial Adviser and Joint Broker Appointment
"Digitalbox plc (AIM: DBOX), the mobile-first digital media business, which owns Entertainment Daily and The Daily Mash, announces that it has appointed Panmure Gordon (UK) Limited ("Panmure Gordon") as Financial Adviser and Joint Broker, with immediate effect, alongside WH Ireland who are Nominated Adviser and Joint Broker and Alvarium who are Joint Broker, to the Company."
https://www.lse.co.uk/rns/DBOX/financial-adviser-and-joint-broker-appointment-16twe95ip82lmi8.html
1st Oct 2020 7:01 am RNS Acquisition, Subscription and Board Update
"Digitalbox plc (AIM: DBOX), the mobile-first digital media business, which owns Entertainment Daily and The Daily Mash, today announces the acquisition of the entire issued share capital of Tab Media Limited ("Tab Media") for a cash consideration of £750,000 (the "Acquisition").
In conjunction with the Acquisition, the Company announces a proposed direct subscription to raise £1.2 million, before expenses, through a subscription for 24,489,795 new ordinary shares in the Company at a subscription price of 4.9 pence per ordinary share by Downing Strategic Micro-Cap Investment Trust plc (the "Subscription"). The Subscription is conditional on shareholders' approval at a general meeting of the Company. The Acquisition is not conditional on the Subscription or on shareholders' approval. ...
The Subscription Price represents a discount of 2.0% to the closing price of 5.0 pence on 30 September 2020. The Subscription Shares represent 26.7% of the Company's existing issued share capital at the date of this announcement and will represent 21.1% of the Company's enlarged issued share capital immediately following the issue of the Subscription Shares.
The Subscription is conditional, inter alia, upon the approval by Shareholders at a general meeting of the Company which is expected to be convened on or around 19 October 2020 (the "General Meeting"). ...
Pursuant to the Subscription Agreement, Robin Miller, Chairman of the Company, has indicated his willingness to resign as Chairman and step down from the Board. Robin will remain in his role and oversee a smooth transition of his responsibilities until a successor is appointed.
The Company will immediately commence a search process for independent non-executive chairman candidates, and a further update in this regard will be made in due course. ..."
https://www.lse.co.uk/rns/DBOX/acquisition-subscription-and-board-update-e4px9zn73so0hvl.html
Yes, well anticipated H100. I'm also thinking the appointment of a second broker will push up the SP to a more realistic level. Plenty of scope for a higher MCap in the coming 12 months.