Member Info for PrivatePunter

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.

Spoke with management today and upbeat on the acquisition , the CEO also explaining that they are acquiring at 5 times three years adjusted historical, plus net assets which includes the property.
I suggest those that disagree contact the CEO for further clarification!

Excellent results from a quality player in the recruitment sector.

Caught up with the CEO and CFO last week to learn a bit more. Write up perhaps of interest.
https://martinflitton1.wixsite.com/privatepunter

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.

For interest, https://martinflitton1.wixsite.com/privatepunter/post/digitalbox-on-the-growth-road-29-03-22

https://www.reuters.com/article/greenland-mining-kobold-idCNL2N2VR0DX

Write up for interest.
https://martinflitton1.wixsite.com/privatepunter

Have to agree with Grayling and despite the retrace it looks a good bet.
I caught up with management on Monday and will have a write up out tomorrow for interest.
May not cover all the points, but hopefully it will prove useful to some extent.
Suffice to say, on a personal note I bought an opener on the back of that chat and the numbers announced.

Article for interest, following a long chat with managment.
https://martinflitton1.wixsite.com/privatepunter/post/connecting-with-digitalbox-31-01-2022

Speaking with both the CEO and Chairman tomorrow afternoon, so I'll post a follow up piece for interest after that.

May be of some interest to other holders, or those taking a look.

https://martinflitton1.wixsite.com/privatepunter/post/digitalbox-catches-my-eye-14-01-21

Thanks for posting ericeric.
I view this as a short term issue and very happy to sit tight and even add if the price dips lower than at present.
No doubt competitors being hit to a greater degree and G4M is well placed to prosper from that going forward.

Write-up perhaps of interest to others who hold or are taking a look.
https://martinflitton1.wixsite.com/privatepunter

Caught up with Mike Creedon yesterday, not much to add really, but may be of interest to other holders.
https://martinflitton1.wixsite.com/privatepunter

For interest, I'm speaking with the CEO next week and will add a write up after that which may be of use.
Decent coverage on this mornings news . https://www.heraldscotland.com/business_hq/19692642.space-agencies-back-edinburgh-telecoms-platform/

The results were already flagged, so no surprises, other than the marked unwelcome reduction in ARR!
I think it is pretty clear (IMO), as I previously mentioned that the real movers instigated the changes.
So, I can't see how any blame for a past performance can be laid at the new mans door, given that he only took up the mantle just five months back.
Talk of going private seems bizarre to me too, no gain for Gresham, Amati or Octopus, far more likely I feel for a take out.
I'm sure if I say it enough it'll happen!!
Until then, with some hefty options in place, I'd guess the new man wants to kick off from a low base and under promise and over deliver. Strong balance sheet provides for time and strength, but clearly positive news in the coming months are key.

I have a different take on this to Theai, in that my feeling is the major holders have been instrumental in the changes and the new CEO (elevated very quickly) has plenty of experience such as his time at Blueprism.
The CFO obviously received an offer elsewhere that couldn't be refused and I don't see his exit in the same context as the other board members who have departed.
The business appears to me to have lacked the drive to really deliver, although the Langdon purchase was clearly achieved at an excellent price and there remains substantial recurring revenue.
On that basis alone, the shares look deeply undervalued, particularly given the strong cash cushion and it would come as no surprise to see this taken out.
Results are out next month around the 12th September I believe and no doubt we will hear more then from the CEO as to the current trading picture and the way forward.
In the last Cenkos note the broker said "The Langdon customs product we believe is trading very well" which should surely have continued given the much publicised issues many businesses are experiencing.
The only disappointment for me has been a lack of contract news, although it may well be a case of waiting to wrap them up in the results.

May be of interest.
https://martinflitton1.wixsite.com/privatepunter/post/westminster-group-primed-for-delivery-12-07-21

For interest.
https://martinflitton1.wixsite.com/privatepunter