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Indeed, so we're looking at a full year revenue drop of ~20% yoy. Feels like that sort of performance could have been communicated to the market sooner...
In terms of the traffic issues, I'm struggling to square that explanation with the increasing visitor counts presented in the 2022 update. Lots of questions. Hopefully a bit more clarity from management next week...
Expect adj. EBITDA for the year could end up being something like £300k to £500k. Not game over but some fairly significant questions over the long term plan.
No wonder market selling
comparing EBITDA with last year (£1m) completely misses the point
they'd recorded c£0.65m in the first half of this year (up by 2.x times on the previous year) ffs...you might have expected closer to £2m for the full year given 2H weighting
could someone else read the previous update and compare with this one?
Digitalbox PLC (AIM:DBOX)
Andrew Hore, editor of the AIM Journal
Our 2021 winner, who did not enjoy such a rocket-powered ride in the past year, has plumped for the digital media company that owns satirical website the Daily Mash and student publication The Tab, as well as Entertainment Daily.
“Management has shown that it can take these digital brands and improve advertising income,” says Andrew.
With the recent acquisition of another provider of satire and humour, thepoke.co.uk https://www.thepoke.co.uk/, for an undisclosed sum. The Poke’s editors make use of humorous content from social media, and it has more than three million monthly sessions, generating revenues of £170,000 in 2020-21.
Digitalbox is forecast to make pre-tax profit of £1.2mln this year rising to a pre-tax profit forecast of £1.5mlm in 2023, an estimate that predates the Poke acquisition.
“At 8.75p, the shares are trading on 11 times 2022 earnings,” he adds. “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 capitalisation by the end of 2023.”
https://www.proactiveinvestors.co.uk/companies/news/1001562/17-stock-picks-for-2023-the-proactive-xmas-tips-contest-1001562.html
but to where lol
tp 7.5p for oversold bounce
Merry Xmas, all
agree, interesting valuation too.
Clearly the market concentrated on the second half expectation of a slowdown in the second half, knocking the the share price yesterday. That isn't a certainty though and the company stated it will still meet full year expectations of adj pre-tax profit of £1.2m on sales of £4.1m. No doubt we will hear more with a clearer picture come the results at the end of September and I'll be speaking with the CEO then, Broker Panmure Gordon hasn't factored in anything for the recent acquisition which looks likely to be joined by a further bolt-on-buy in due course.
The mobile/digital advertising space is only going to grow in the medium to longer term so DBOX looks an interesting situation, following to some extent, the path trodden by FUTR.
terribly weak
tp 7.8p
bought back 18k
waiting for sub 10p to rebuild seriously
tp 11p to play again
The Panmure Gordon note is worthy of a read, particularly in relation to the earnings path and strong cash generation that is outlined.
Target price raised to 18.7p, but interestingly, the analyst has restrained from another upgrade at this time, which implies it could well come through as we move on, given what has clearly been a strong start to the current financial year.
Operationally geared, the broker has cited net cash increasing to £2.8m for this year followed by £4m next year with revenue of £4.1m and £4.6m.
However, given what the CEO has said, it looks most likely that an acquisition this year is only a matter of timing and if that is concluded as expected then, then things could begin to get rather exciting, particularly in terms of numbers.
Looking at the forecast EPS for next year, the shares trade on a forward PER of 12 which looks very good value given the momentum building and the potential for further upgrades. The company is scoring through utilising its own platform (Graphene) negating for third party involvement and that is showing through with the success of ED.
Although consumers pockets will be feeling the pinch, I suspect that celebrity news, soaps and the like will remain popular with a similar stay- at -home audience to that of the pandemic. Additionally, the area of mobile advertising is only going to continue to swell, so DBOX looks well placed to meet current and future guidance with risk to the upside.
The "fair value" on this has increased from 27p to 31p since the RNS
Sells? at well above the bid price? yeah sure!
At least today they were listed as unknowns
I think you'll find the steady 50k trades are sells
tp 11p
I think you will find that most of the "sells" were in fact buys hence the SP stayed put.
"prove me wrong" LOL!
Why have you revisited the BB of a company you have no intention of investing in?
Is it some sort of narcissistic need to re-read you own beautiful posts?
Or is it to check whether the post had the desired effect on the share price?
I think we know the answer to that - you make it too obvious
selling pressure pretty relentless
tp 11p
Prove me wrong
Why investigate a company, decide not to invest, then go on the BB for that company and tell everybody why you are not investing?
Why waste your time?
You must know that nobody is in the least bit interested.
Unless, of course, you ARE interested and are trying to affect the price so you can get in lower.
There can be no other explanation.
Well, to be honest, I hope you are successful because I would like a top up and a lower price would suit me to!