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Can't see any financial figures? What's the turnover, profits etc? Thanks guys in advance
Already wiped off the company. Rubbish start, let's face it.
On the bright side, it's making a reasonable profit and who knows what we be vended in. If they can grow that profit line to £1-2m then it will begin to seriously appeal I think.
AJBell answer ,has they did not credit my hares into my account was ,we have not received them as yet ..Now has anyone got the same problem here .
the BBC might buy top bucks for this
early days
The total number of Digitalbox plc AIM shares in issue as at 28 February 2019 is 88,823,155. The percentage of these shares which are not held in public hands is 74.65%.
DWF Newcastle advises on digital Polemos plc acquisitions
DWF has advised Polemos plc on the reverse takeover of Digitalbox Publishing (Holdings) Limited and the acquisition of Mashed Productions Limited.
The acquisitions of both publishing outlets are valued at approximately £10m and £1.2m respectively.
In order to fund the transaction, AIM-listed Polemos carried out a placing and private subscription of new shares with institutional and private investors to raise £1.02m and issued convertible loan notes to raise £220k.
Shareholder approval for the transaction was obtained on February 27, 2019.
Jeremy Swift said: “This was a significant and complex deal comprising a hybrid equity capital markets and M&A transaction, requiring us to draw on our corporate and equity capital markets expertise with support from our employment and tax teams.
“I would like to congratulate the Digitalbox plc team on this landmark transaction which will provide solid foundations to support their ambitions to create a market-leading and mobile-first media business.
“It is a testament to the strength of their investment proposition that they were able to transact such a complex deal despite the ongoing political and economic uncertainty caused by Brexit.
“This is only the first step in their buy and build strategy and we look forward to seeing what they do next.”
To better reflect the new direction of the business going forward, Polemos has changed its name to Digitalbox plc.
DWF’s team of experts specialising in corporate, equity capital markets, tax and employment law provided advice on the legalities involved in the deal.
Nigel Burton, director of Digitalbox plc, added: “The Polemos team announced this transaction in September and we are pleased that the new Digitalbox plc group has now been formed.
“This was a complex transaction involving a number of moving parts but Jeremy and his team at DWF were able to provide the exceptional strategic level advice needed to get this deal done.”
Did not understand the need for two consecutives consolidation ...
The FDP do AJBEL still have not sorted this out ….They waiting till the price hit lower ..f...s
psyche of people on aim - they love buying sub 1p shares but not double digit shares
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low volume trades = 0.5p or 1p movements so expect wild swings in SP. Directors and others are locked in for the year. Further acquisitions coming for even more cash generative gains on book.
hope the new board can get their mates to buy
Knicol that's dangerous nonsense. Millions of new shares were printed for the Digitalbox assets. There's no PREMIUM for the assets. Arguably because the market thinks one isn't deserved.
As it happens I like the business. I hope the shares go up - my original holding was at something like the equivalent of 50 per new share, I bought lots in the placing at 1p (20p per new share) and sold almost everything I had at 1.3p (26p per new share). I have a handful left which I was in at 1p /20p. As I say, I like the new business, I might buy more, but I'm well aware the old holders have less than 10% of the new business. The new shares are where the value for the new business is. No inherent reason to say it's undervalued unless it's above 14p.
"Digitalbox is already enhancing its team so that it should have the resources to manage around FOUR more acquisitions."
https://ukinvestormagazine.co.uk/digitalbox-set-for-acquisitive-aim-future/
13p is cheap - values DBOX 0p. The closing price of PLMO was 0.7p which after the share consolidation =14p. No market value has yet been given to the DBOX asset. We might have well have just had a consolidation and no reverse takeover otherwise. Would have still been 14p open.
Hopefully will we have some time to stock up before we rocket. Is 13p fair value at the moment, as some brought PLMO a lot higher than this. Hoping for a rerate very soon.
Digitalbox PLC (previously Polemos (LON:PLMO) after a reverse takeover) will be home to Mashed Productions – the firm behind The Daily Mash satirical news site.The owner of celeb gossip site Entertainment Daily, Digitalbox Holdings, joins AIM after reversing into cash shell Polemos. Polemos shares have been suspended since September while it looked to make an acquisition that constituted the reverse takeover. Digitalbox CEO James Carter tells Proactive London why he believes they've cracked the mobile publishing journey by virtue of a great deal of under the bonnet tech. Existing Digitalbox shareholders will receive shares in the new company worth £10mln. Digitalbox's first acquisition is set to be Mashed Productions, the firm behind The Daily Mash satirical news site, which it is buying for £1.2mln, mostly in cash. To help finance the deals, Polemos is raising £1.02mln through the placing of 7.29mln shares at 14 pence apiece. Subject to shareholder approval, the placing and subscription are expected to complete on 28 February, with the acquisitions formally going through a week later. “I am pleased to be able to announce the acquisitions which, subject to shareholder approval, will result in the successful conclusion of the process announced in September, and will enable shareholders to benefit from the exciting potential of the Digitalbox platform and management team,” said Polemos chairman Nigel Burton.
If Opions are 20p, this is incredible cheap at 14.75p
AJbell crap as usual still not trading this .,...Or list them properly .
BIDS dipped and then few months later bagged
At the date of this announcement, the Company has no share options which are likely to be exercised. It has share options outstanding over 160,000 Existing Ordinary Shares exercisable at a price of 20 pence per Ordinary Share, equivalent, following completion of the Share Reorganisation, to 8,000 New Ordinary Shares at an exercise price of 400 pence per New Ordinary Share.
I see you mean the plmo shares haven’t transferred. Apologies