Member Info for Muktass

AGM today and no trading statement :-(

I make that an enterprise value to ebitda ratio of 3.5. Dirt cheap in my view.

No nasties as far as I can tell which is a relief as the results took five months to appear. It is difficult to predict where revenues, gross margin and ebitda might end up for 2021 but reduction in operating costs and improved cashflow gives me hope.

A current year PE ratio of about 7 for a growth company is indeed ridiculously cheap, should be at least double this.

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.

Over a year for the Japan turbine:
31 October 2019
SIMEC Atlantis Energy Limited
SIMEC Atlantis Energy signs equipment and services supply contract with Kyuden Mirai Energy
SIMEC Atlantis Energy Limited ("Atlantis"), is delighted to announced that it has signed a contract to supply tidal generation equipment and offshore construction services to Japan's Kyuden Mirai Energy ("KME") for a demonstration project in Japan. The project, located in the straits of Naru Island within the southern Japanese Goto island chain, has a total budget of 1,800m¥. The project will seek to capitalise on Japan's wealth of tidal resources which are some of the best in the world. The prefecture of Nagasaki has over 900 islands alone located in tidal rich waters.

British taxpayers are providing a £1.7bn guarantee to a consortium led by train-maker Bombardier to build two new monorails in Egypt.
The backing comes from UK Export Finance (UKEF), which is underwriting the deal, in what the Government said was the largest British financing of a foreign infrastructure project.

The agreement means that Bombardier can now invest in its Derby manufacturing base where trains for the Egyptian monorails will be designed and built.
About 100 jobs at Bombardier will be supported by the contract, along with more roles in the company’s supply chain.

Agree. If you were to try and work out the enterprise value to ebitda ratio for example, you would end up with a negative enterprise value!!!

Rising production, rising shipments, increased prices, what’s not to like. There aren’t many forecasts for this company but ebitda of $170m for FY21 seems possible, that gives an EV/EBITDA ratio of 4. That is really cheap.

Yowzer, this has more than doubled in a month on very thin volume. I am not complaining as the company was fundamentally undervalued.

Indian government has banned the export of Astra Zeneca vaccine until 1 billion doses have been manufactured.

Hopefully a trading update in the next few weeks as final results take a very very long time to come out from this company.

Approval of the Oxford vaccine is good news for BXP. Shares are up to 190 BDT in Dhaka.

£1.50 a share now!

Thanks Rivaldo, interesting post.

Great trading statement. Positive cash flow of at least £7m and resumption of dividends should give a yield of over 3 percent.

Up 5% in Dhaka today at 148 BDT equates to over £1.30 a share.

I guess xc must be the 10% stock dividend which sounds like you just get 1 new share for every 10 held. Don't see the point of it myself and why is the ex dividend date four weeks before the AGM where the company is seeking approval for paying it!

By my rough calculation, operating profit of £310m in FY21 gives and EPS of 109p and a dividend of 44p share and a yield of 5.7%.. Tidy

Came across this rns this morning https://www.londonstockexchange.com/news-article/IES/1-8mwh-sale-to-orkney-tidal-plus-hydrogen-site/14747771 which led me onto this one which talks about new CFD category and a potential tidal site I wasn’t aware of
http://www.emec.org.uk/press-release-emec-enters-partnership-with-ptec-to-grow-uk-tidal-energy-market/