DigitalBox (DBOX)

Sector:

Media

Index:

FTSE AIM All-Share

 4.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 8.13
  • 52 Week Low: 3.25
  • Currency: UK Pounds
  • Shares Issued: 117.92m
  • Volume: 1,500
  • Market Cap: £4.72m
  • RiskGrade: 220

Digitalbox agrees to acquire TVGuide.co.uk

By Iain Gilbert

Date: Monday 30 May 2022

LONDON (ShareCast) - (Sharecast News) - Digital media business Digitalbox has exchanged contracts to acquire the web and mobile platform assets of TVGuide.co.uk for £550,000 in cash.
Digitalbox said on Monday that completion of the acquisition was conditional upon the satisfactory upgrade of the TVGuide.co.uk website as part of a platform redevelopment.

The AIM-listed firm will pay £20,000 immediately on exchange in order to trigger the platform redevelopment, with a further £350,000 payable on completion, which it expects to take place within three to six months from the date of exchange, while a further deferred payment of £180,000 will follow four months after the completion date.

The consideration will be funded from the group's existing cash resources, which at 24 May sat at approximately £2.8m.

Digitalbox, which expects the acquisition to be immediately earnings enhancing, will see certain services acquired from TVGuide.co.uk be renamed to Yo.tv.

Chief executive James Carter said: "The acquisition of TVGuide.co.uk is another excellent addition to our growing portfolio of digital assets. It is an exciting business with considerable potential and an established brand.

"Following the acquisitions of The Daily Mash and The Tab, we have an established process of integrating assets onto our Graphene platform, and we are confident we can quickly grow the site's revenue and increase its profitability."

As of 0825 BST, Digitalbox shares were up 4.44% at 9.40p.



Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

DigitalBox Market Data

Currency UK Pounds
Share Price 4.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 8.13
52 Week Low 3.25
Volume 1,500
Shares Issued 117.92m
Market Cap £4.72m
RiskGrade 220

DigitalBox Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.54% above the market average85.54% above the market average85.54% above the market average85.54% above the market average85.54% above the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average
Price Trend
39.31% below the market average39.31% below the market average39.31% below the market average39.31% below the market average39.31% below the market average
48.94% below the sector average48.94% below the sector average48.94% below the sector average48.94% below the sector average48.94% below the sector average
Income Not Available
Growth
64.54% below the market average64.54% below the market average64.54% below the market average64.54% below the market average64.54% below the market average
72.73% below the sector average72.73% below the sector average72.73% below the sector average72.73% below the sector average72.73% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

DigitalBox Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:00 1,500 @ 4.20p

DigitalBox Key Personnel

CEO James Carter
CFO David Joseph

Top of Page