Digital 9 Infrastructure NPV (DGI9)

Sector:

Investment Firms

Index:

FTSE Small Cap

18.80p
   
  • Change Today:
      0.30p
  • 52 Week High: 32.70
  • 52 Week Low: 14.70
  • Currency: UK Pounds
  • Shares Issued: 865.17m
  • Volume: 505,640
  • Market Cap: £162.65m
  • Beta: 1.80

Digital 9 warns of valuation slide, shares fall

By Abigail Townsend

Date: Friday 06 Sep 2024

LONDON (ShareCast) - (Sharecast News) - Shares in Digital 9 Infrastructure fell on Friday, after the investment trust warned of a sharp slide in its portfolio valuation.
The London-listed trust said that according to an ongoing review of the portfolio, the aggregate valuation as at 30 June was likely to be "materially" below the previous valuation on 31 December 2023.

As a result, net asset value was likely to be around 45p a share, well below December's 79.3p per share.

Digital 9 attributed a "major part" of the reduction in NAV to a "re-assessment of the assumptions relating to the availability of finance for underlying portfolio companies" and that impact on the firms' growth outcomes.

It also noted that the valuation process had yet to be completed, which could result in further changes.

As at 1015 BST, shares in Digital 9 had fallen 13% to 17.97p.

Digital 9, which focuses on tech infrastructure such as data centres and fibre optic cables, is currently being wound down.

The move was proposed in January following a strategic review and consultations with investors. The board said a managed wind-down was in the best of interests of shareholders after the share price had plunged and the discount to NAV slid to 76%.

In March, 99.9% of shareholders backed the proposal. Assets are now being sold off "in an orderly manner" with capital eturned to shareholders.

Digital 9 said on Friday that it had received non-binding offers for certain assets, with a number of preferred bidders going through the second phase on the sales processes.

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

 

DGI9 Market Data

Currency UK Pounds
Share Price 18.80p
Change Today 0.30p
% Change 1.62 %
52 Week High 32.70
52 Week Low 14.70
Volume 505,640
Shares Issued 865.17m
Market Cap £162.65m
Beta 1.80

DGI9 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
94.16% above the sector average94.16% above the sector average94.16% above the sector average94.16% above the sector average94.16% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
93.67% below the sector average93.67% below the sector average93.67% below the sector average93.67% below the sector average93.67% below the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
70.85% above the sector average70.85% above the sector average70.85% above the sector average70.85% above the sector average70.85% above the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average

DGI9 Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 15-Jun-23 16-Mar-23
Paid 30-Jun-23 31-Mar-23
Amount 1.50p 1.50p

Trades for 12-Dec-2024

Time Volume / Share Price
10:49 70,000 @ 18.66p
10:42 27,978 @ 18.66p
10:26 2,652 @ 18.70p
10:19 12,530 @ 18.66p
10:14 8,844 @ 18.66p

DGI9 Key Personnel

Chair Eric Sanderson

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