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http://www.fasttrack.co.uk/company_profile/digitalbox-2/
Through its websites such as Eat Live Glow, Entertainment Daily and Fella, Digitalbox has built up more than 3m data records on its audiences. Tracking the latest trends, the Bath firm works them into new content, which it then matches to targeted ads for its clients. The company sold its advertising platform ContentClick in January this year for an undisclosed sum. Under chief executive Martin Higginson, 32, annualised sales grew to £8.7m in the year to May.
Average 3 year sales growth 65.56% Activity Advertising technology consultancy
NB been busy - see today's proactive video to get some measure of the man.
This is increasingly looking to have gone off half-cocked. I prefer the regulatory certainty of an RNS and authorised filings at Companies House to a swiftly updated website where the cache has been purged. I also prefer my understanding of ratios to yours. Sir Robin's business relationship with a BST director simply points up the hyperbolic sales pitch used at both companies to get them away, with BST currently down at its lowest SP since floating as you will know. Pump and dump is, of course, the life blood of AIM so no surprise there then.
Now that I agree with. Quite clearly the website states the owner and who is on the BOD - there is some tidying up to do at companies house, however I would imagine that will be done as part of the RTO.
Your logic is flawed about crushing current PLMO shareholders. 10m + 1.1m = 11.1m - you don't then price it/sell below the valuation. As for your view about his mates, doesn't matter, market mechanics do.
It's worth remembering that directors are paid and can do offset deals elsewhere but I too am a fan of NB and expect to see him on the new board. That said, I don't think this last RNS was his finest hour i terms of explaining what is going on.
The good that has come out of this, is that all of those existing investors under the rule of Hamish, will at some point get some off their losses back. They would have completely lost the lot if he had stayed and got all those ridiculous resolutions passed. So under the severe circumstances when NB took over I think many need to take their hats off to him.
I wouldn’t have thought NB would have entertained it if he would lose his money he is sat with over 10% at 1.2. No point in discussing it until we know the full facts. I like yourself are just having an opinion at the min. I’m sure it’s already on your watch list. The market will be very great full of sellers to close those shorts, they will not be getting any of mine. And will do a False drop to trigger sell limits.
Indeed but the point is that existing shareholders are going to be crushed under the weight of equity issued on a 10 to 1 valuation. New investors should benefit from the initial boost provided by self identified hype merchants so existing shareholders will want to be ready to benefit through averaging down. Better have more cash ready in November then.
IMO this will go ahead the money to be raised ie 3mil in house would of already been agreed in principle. That should be sorted before we re open so still limited shares will be available. So because of that I will only reassess my position if NB steps down. Otherwise this is going to be another success story. IMO one to keep a close eye on and add to the watch list.
So, anyway...
PLMO has 118,079,093 shares in issue and they are worth (at most and by mutual agreement) £1.1m because of the cash, dodgy Securlinx loan, dodgy Oyster loan and AIM listing. DPHL has 191,472 shares in issue and they are worth (exactly and by agreement) £10m because they own DPL which has, possibly, a really great and unique marketing offering plus c£600k of debtors and cash. Then, in order to start to turn that £600k into £10m of reality, they intend to raise £3m from friends and family. I can see why you're finding argumentum ad hominem easier than analysis with this one.
He is one of the ones who have probably still got a short position still open, and panicking and rightly so he should. No shares for them to close them lol.
Ha-ha, sling your hook, only have to look through your PLMO posting history to know you have an agenda.
Having difficulty getting back into the stream of things are you... From the RNS.
"conditional heads of terms (the "Agreement") to acquire the entire issued share capital of Digitalbox Publishing (Holdings) Ltd ("Digitalbox"), subject to certain conditions and due diligence (the "Proposed Acquisition")"
Formed by Sam Higginson, son of Martin, with Martin and David Marks as directors less than a year ago. Now holds the shares in Digitalbox Publishing Limited https://beta.companieshouse.gov.uk/company/09909897 which was formed at the very end of 2015 so has two years worth of accounts to look at. Its directors are Carter, Douglas (not Miller) Sam Higginson and Marks. Looks like Sam's dad is buying Polemos and some friends for Sam to play with.
That's the structure, not the business. Here, let me help you... https://beta.companieshouse.gov.uk/company/07988773
From Companies House. https://beta.companieshouse.gov.uk/company/11054216/filing-history
Not one year formed in .......from news .........The business was founded in 2013 by Martin Higginson, the founder of Monstermob Group plc, NetPlayTV plc, a
£1.1m is our value + £10m for Digitalbox. This gives us a valuation of £11.1m. They will then go to the market to raise £3m at a set price (at a slight premium, typically, although depends on appetite for the companies' story).
Our mcap will then be set by initial interest in the city and obviously the supply/demand of the shares. T/O was last recorded at £3m and the obvious growth strategy is to add more high volume website to their advertising model. The BOD is first-class.
Nope, the shares won't be at 1.1p as that's just the value given for the purposes of determining the split between Polemos shares and Digitalbox Publishing (Holdings) Limited shares. Polemos is valued at about £1m on that basis and Digitalbox Publishing at £10m - not bad for a company only formed last year and with a subsidiary whose current value is about £600k. Then there's the extra £3m worth of shares to be issued from the placing to be taken into account and a probable consolidation. That website NB is buying needs to be bloody good at generating revenue not just hits or this will plunge. http://www.entertainmentdaily.co.uk/
Thank you Nigel Burton !
Also so glad it isnt connected to #Nuog as this makes me more confident that #Nuog will also follow through.
But could someone explain what happens ... are the shares worth 1.1p when they are traded again ?
And still under the name of Polemos ?
He’s cool 😎
https://www.linkedin.com/pulse/sir-robin-miller-leader-who-built-great-british-media-steven-carroll https://uk.linkedin.com/in/james-carter-1450b34 https://uk.linkedin.com/in/jimdouglas1
That was certainly a surprise acquisition.
A brief look into Digitalbox makes it hard to valuate it at this stage, I should spend more time on it.
At least Nigel's been broadly on time, announcing the acquisition target just on the first day of suspension.
Digitalbox
See you in Jan-Feb