Proactiveinvestors Australia Dotdigital Group PLC https://www.proactiveinvestors.com.au Proactiveinvestors Australia Dotdigital Group PLC RSS feed en Fri, 19 Jul 2019 15:58:01 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Comapi CPaaS technology integration complete ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190522070003_14082655/ Wed, 22 May 2019 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190522070003_14082655/ <![CDATA[RNS press release - Board Changes ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190403070006_14026425/ Wed, 03 Apr 2019 17:00:06 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190403070006_14026425/ <![CDATA[RNS press release - Board changes ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190326140001_14016448/ Wed, 27 Mar 2019 01:00:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190326140001_14016448/ <![CDATA[RNS press release - Interim Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190219070003_13973491/ Tue, 19 Feb 2019 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190219070003_13973491/ <![CDATA[RNS press release - dotdigital extends Magento Premier Partner status ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190204071003_13956400/ Mon, 04 Feb 2019 18:10:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190204071003_13956400/ <![CDATA[RNS press release - Change of Nominated Adviser ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190204070006_13956335/ Mon, 04 Feb 2019 18:00:06 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190204070006_13956335/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190122174041_13943214/ Wed, 23 Jan 2019 04:40:41 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190122174041_13943214/ <![CDATA[RNS press release - Trading Update and Notice of Half Year Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190122070005_13941970/ Tue, 22 Jan 2019 18:00:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20190122070005_13941970/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181218172423_13908601/ Wed, 19 Dec 2018 04:24:23 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181218172423_13908601/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181130134506_13887383/ Sat, 01 Dec 2018 00:45:06 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181130134506_13887383/ <![CDATA[RNS press release - Annual Report and Accounts & Notice of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181119134913_13872216/ Tue, 20 Nov 2018 00:49:13 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181119134913_13872216/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181107182813_13859112/ Thu, 08 Nov 2018 05:28:13 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181107182813_13859112/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181029094307_13845801/ Mon, 29 Oct 2018 20:43:07 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181029094307_13845801/ <![CDATA[RNS press release - Grant of Options ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181025152320_13842939/ Fri, 26 Oct 2018 01:23:20 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181025152320_13842939/ <![CDATA[RNS press release - Final Dividend Timetable ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181024162240_13841298/ Thu, 25 Oct 2018 02:22:40 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181024162240_13841298/ <![CDATA[RNS press release - Replacement: Preliminary Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181016092526_13830385/ Tue, 16 Oct 2018 19:25:26 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181016092526_13830385/ <![CDATA[RNS press release - Preliminary Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181016070008_13829649/ Tue, 16 Oct 2018 17:00:08 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20181016070008_13829649/ <![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180907102523_13782980/ Fri, 07 Sep 2018 19:25:23 +1000 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180907102523_13782980/ <![CDATA[RNS press release - Board Change ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180809070009_13748989/ Thu, 09 Aug 2018 16:00:09 +1000 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180809070009_13748989/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180719140530_13724555/ Thu, 19 Jul 2018 23:05:30 +1000 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180719140530_13724555/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180719140020_13724547/ Thu, 19 Jul 2018 23:00:20 +1000 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180719140020_13724547/ <![CDATA[RNS press release - Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180719070003_13723279/ Thu, 19 Jul 2018 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180719070003_13723279/ <![CDATA[News - dotdigital sees fourth quarter momentum continue into new financial year ]]> https://www.proactiveinvestors.com.au/companies/news/201122/dotdigital-sees-fourth-quarter-momentum-continue-into-new-financial-year-201122.html The dotdigital Group PLC (LON:DOTD) growth story continued in the financial year just ended with revenues up by more than a third year-on-year.

The marketing automation platform operator said group revenues grew by around 35% to £43.1mln in the year to the end of June from £32.0mln the year before.

The group said full-year adjusted underlying earnings (EBITDA) and operating profit are expected to be in line with market expectations.

READ: dotDigital on track to meet full-year expectations after "transformational" first half

The average revenue per user (ARPU) continued to rise, growing by 18% to roughly £845 per month from around £715 per month the year before, while the number of customers who signed up in the year rose 26% to 689 from 548 the previous year.

Happily, the strong momentum seen in the final quarter of the financial year just ended has continued into the new financial year, giving management confidence that current market expectations for the full-year will be met.

The company's expansion into the US continues to go well with revenues from the region up 43% year-on-year to US$7.1mln from US$5.0mln the previous year but this growth rate was put in the shade by the Asia-Pacific region, where revenues grew 85% to A$2.2mln from A$1.2mln in fiscal 2017.

Preparations for the introduction of new data protection regulations in the European Union did disrupt customer spending in the first half of the financial year but the region's sales cycles normalised in the second half of the year.

"This year reflects substantial progress against the company's strategic aims in accelerating our platform capabilities into the omnichannel space, continuing to innovate our product, growing geographically and deepening our relationships with our strategic partners,” said Milan Patel, the chief executive officer of dotdigital.

“Alongside our organic growth strategy, we will continue to look for acquisitions of an earnings enhancing or strategic nature that could add to the platform capabilities,” he added.

 

BIG ANNOUNCEMENT TIME ???????? ????The dotDigital Group has been named as one of 1000 companies to inspire Britain in 2018! We're thrilled with the news and you can found out more here https://t.co/q472yXJ9Ln@LSEplc #dotmailer #comapi

— dotmailer (@dotmailer) May 23, 2018

Shares in dotdigital opened 3.9p higher at 78.9p.

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Thu, 19 Jul 2018 08:09:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201122/dotdigital-sees-fourth-quarter-momentum-continue-into-new-financial-year-201122.html
<![CDATA[RNS press release - PDMR Dealing and Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180511175438_13638845/ Sat, 12 May 2018 02:54:38 +1000 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180511175438_13638845/ <![CDATA[RNS press release - PDMR Share Dealing ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180327131826_13583350/ Tue, 27 Mar 2018 23:18:26 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180327131826_13583350/ <![CDATA[RNS press release - Interim Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180227070003_13546584/ Tue, 27 Feb 2018 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180227070003_13546584/ <![CDATA[Media files - dotDigital expanding and strengthening presence in international markets ]]> https://www.proactiveinvestors.com.au/companies/stocktube/8815/dotdigital-expanding-and-strengthening-presence-in-international-markets-8815.html Tue, 27 Feb 2018 15:14:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/8815/dotdigital-expanding-and-strengthening-presence-in-international-markets-8815.html <![CDATA[News - dotDigital on track to meet full-year expectations after "transformational" first half ]]> https://www.proactiveinvestors.com.au/companies/news/192246/dotdigital-on-track-to-meet-full-year-expectations-after-transformational-first-half-192246.html Marketing automation platform operator dotdigital Group PLC (LON:DOTD) is on course to meet full-year expectations after a “transformational” first half of the fiscal year.

Revenue in the six months to December 31, 2017, surged to £18.77mln from £14.98mln the year before. Organic revenue grew 17% to £17.5mln from £15mln the previous year.

READ: dotdigital's growth surge continues

Revenue from the US region was up roughly 44% to US$3.3mln from US$2.3mln the year before, driven by channel partners and system integrators for Magento and Shopify.

The expansion of the Asia-Pacific sales team paid off, with revenue from the region up around 75% to A$0.9mln from A$0.5mln in the first half of the previous financial year.

Adjusted underlying earnings (EBITDA) rose 8% to £5.7mln from £5.3mln in the same period of 2016, while profit before tax advanced to £4.35mln from £4.28mln.

After expenditure of £13.1mln, largely due to the strategic acquisition of Comapi for a cash consideration of £10.7mln, the net cash balance stood at £10.5mln at the end of 2017.

"These results show dotdigital is making good progress. We are expanding and strengthening the platform which underpins our growth while continuing to grow our presence in international markets. We're also delighted to have further cemented our partnerships with Magento, Shopify, Microsoft and our other partners, which demonstrates their trust in our ability to drive revenue for their customers through our platform,” said Milan Patel, the chief executive officer of dotdigital.

“As our offering becomes broader and more integrated, we continue to expand the quality and breadth of data on which our customers can draw when devising their campaigns. These insights are a vital component in creating personalised and relevant campaigns which increases customer engagement and ultimately ROI [return on investment] for marketers. We're working hard to ensure dotdigital continues to innovate in this area and we look forward to an exciting second half of the year," he added.

finnCap retains 115p target price

The company's joint broker, finnCap, reiterated its 115p price target after a set of interims that was in line with the January trading update.

“The three strategic pillars for growth continue to prove highly effective, delivering 25% revenue growth including 17% organic revenue growth, complemented this year by the Comapi acquisition in November,” the broker said.

“Geographic expansion, increasing numbers of strong partnerships, and product innovation continue to drive the strong growth as the group excels at current operations and demonstrates the strength of its path to become an omni-channel data-led customer behaviour and analysis platform,” it added.

In late afternoon trading, dotdigital shares were trading at 85.9p, down 9.6% on Monday's close.

 -- Updates share price --

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Tue, 27 Feb 2018 08:24:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192246/dotdigital-on-track-to-meet-full-year-expectations-after-transformational-first-half-192246.html
<![CDATA[News - Dotdigital augmenting organic growth with shrewd acquisitions ]]> https://www.proactiveinvestors.com.au/companies/news/191565/dotdigital-augmenting-organic-growth-with-shrewd-acquisitions-191565.html A presence on some the major online platforms, such as world number one Magento, has been behind bulk emailer dotdigital PLC’s (LON:DOTD) impressive performance.

Group revenue rose 25% to £18.8mln in the six months to the end of 2017 from £15.0mln in the first half of the year, with organic revenue growth clocking in at 17% to £17.5mln from £15.0mln in the first half.

READ: dotdigital's growth surge continues

International sales represented a quarter of all sales, with overseas revenues up 22% from the first half of the year. Revenue from the US region was up roughly 44% to US$3.3mln from US$2.3mln in the first six months of 2017, driven by dotdigital’s channel partners and system integrators for Magento and Shopify.

Sales in the Asia Pacific shot up, albeit from a small base, to roughly A$0.9mln from A$0.5mln.

The group’s underlying earnings (EBIT) were in line with management’s expectations. The cash balance at the end of the year was £10.5mln, reflecting cash outflow of  £11.5mln for the acquisition and funding of Comapi during the period.

Comapi bedding in nicely

Acquired in November 2017 for £11mln in cash, Comapi is a fast-growing business focused on the omni-channel messaging and cloud communication market.

Comapi has built a scalable software platform that allows businesses to communicate with their consumers across multiple conversational messaging channels including the growing market for live chat.

Integration into the dotdigital platform will enable dotdigital to deliver aligned conversational messaging across channels including email, mobile push, SMS, Facebook messenger, Apple business messenger, Twitter and live chat.

“In acquiring Comapi, we have taken a significant step toward creating a fully-fledged, omnichannel marketing automation platform,” said Milan Patel, the chief executive officer of dotdigital.

What dotmailer does

According to the brochure, dotmailer provides marketers a single solution to message customers through email, mobile and social media and other electronic forms. The dotmailer platform and tools share data seamlessly with clients’ customer relations management (CRM), eCommerce and third party applications, with a managed service if required.

“The dotmailer platform continues to evolve and innovate, providing highly sophisticated yet 'easy-to-use' marketing automation tools that empower our clients and this we believe is part of the true essence of our continued success,” Patel said.

“Alongside our organic growth strategy, we will continue to look for acquisitions of an earnings enhancing or strategic nature that could add to dotmailer's platform capabilities.”

The new general data protection regulation will change the rules

During the latter half of 2017, the group launched additional features to help customers achieve compliance with the new general data protection regulation (GDPR).

“As GDPR implementation moves closer, we are increasing our efforts to educate the market through our seminar programme and by highlighting the additional features now available on our platform to help achieve compliance with the expected new regulations that come into force in May 2018,” Patel said.

Premium rating justified by growth opportunities

Like revenues, the share price has also been growing, though it is not the most traded share on the market.

Over the past twelve months, the shares have risen about 50% to 89p, valuing the group at £266mln.

House broker finnCap said the half-year results represented a positive trading update.

"With cash of £10.5mln the group retains the wherewithal to pursue all strategic opportunities, including further acquisitions. We lift our target price to 115p, a premium rating worthy of consistent strong delivery," the broker said.

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Tue, 13 Feb 2018 09:07:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191565/dotdigital-augmenting-organic-growth-with-shrewd-acquisitions-191565.html
<![CDATA[RNS press release - Appointment of Permanent CFO ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180130070004_13513751/ Tue, 30 Jan 2018 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180130070004_13513751/ <![CDATA[News - Dotdigital Group PLC announces new chief financial officer ]]> https://www.proactiveinvestors.com.au/companies/news/190813/dotdigital-group-plc-announces-new-chief-financial-officer-190813.html Chartered financial analyst Paraag Amin is to join marketing automation specialist dotdigital Group PLC (LON:DOTD) as chief financial officer.

He has more than 15 years’ experience working as an analyst and fund manager, having previously held positions with Canaccord Genuity, Peel Hunt, Credit Suisse and Goldman Sachs.

READ: dotDigital making progress on all fronts

He will join the dotdigital board on February 5.

“His breadth and depth of experience in the public markets and his financial background makes him ideally placed to help me as we plan and execute the next phase of dotdigital's development,” said Milan Patel, the chief executive officer of dotdigital.

READ: Dotdigital flags up another year of growth

“I would also like to take this opportunity to thank Phillip Blundell for his contribution to the business as interim CFO for the last seven Months," Patel added.

Shares in dotdigital opened 0.2p higher at 96.9p.

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Tue, 30 Jan 2018 08:28:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190813/dotdigital-group-plc-announces-new-chief-financial-officer-190813.html
<![CDATA[RNS press release - Trading Update and Notice of Interim Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180123070004_13505355/ Tue, 23 Jan 2018 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180123070004_13505355/ <![CDATA[News - dotdigital's growth surge continues ]]> https://www.proactiveinvestors.com.au/companies/news/190441/dotdigital-s-growth-surge-continues-190441.html Marketing automation platform operator dotdigital Group PLC (LON:DOTD) traded in line in the second half of 2017, with strong growth in revenues.

Group revenue rose 25% to £18.8mln in the six months to the end of 2017 from £15.0mln in the first half of the year, with organic revenue growth clocking in at 17% to £17.5mln from £15.0mln in the first half.

READ: dotdigital on track with “ambitious growth plans” as strong trading momentum continues

International sales represented a quarter of all sales, with overseas revenues up 22% from the first half of the year. Revenue from the US region was up roughly 44% to US$3.3mln from US$2.3mln in the first six months of 2017, driven by dotdigital’s channel partners and system integrators for Magento and Shopify.

Sales in the Asia Pacific shot up, albeit from a small base, to roughly A$0.9mln from A$0.5mln. Underlying earnings (EBIT) were in line with management’s expectations. The cash balance at the end of the year was £10.5mln, reflecting cash outflow of  £11.5mln for the acquisition and funding of Comapi during the period.

"The last six months have been transformational for dotdigital as we have made good progress with many of our strategic initiatives. Our international offering continues to go from strength to strength and in acquiring Comapi, we have taken a significant step toward creating a fully-fledged, omnichannel marketing automation platform,” said Milan Patel, the chief executive officer of dotdigital.

“I am pleased with both the speed of integration of Comapi and the enthusiasm shown by both sets of employees, while revenues delivered since acquisition have exceeded our original expectations,” he revealed.

READ: Dotdigital snaps up customer engagement group Comapi for £11mln

“Elsewhere during the period, our strategic partnerships have moved forward as we have strengthened our relationships with Magento, Shopify and Microsoft. These partnerships continue to increase our addressable market in all our regions,” Patel added.

Sales through strategic partners increased by 35% to £7.2mln from £5.4mln in the first half.

During the period the group launched additional features to support customers achieve compliance with the new general data protection regulation (GDPR).

“As GDPR implementation moves closer, we are increasing our efforts to educate the market through our seminar programme and by highlighting the additional features now available on our platform to help achieve compliance with the expected new regulations that come into force in May 2018,” Patel said.

In a note to clients, analysts at ‘house’ broker finnCap said: “With cash of £10.5mln the group retains the wherewithal to pursue all strategic opportunities, including further acquisitions.

“We lift our target price to 115p, a premium rating worthy of consistent strong delivery.”

In late afternoon trading, dotdigital shares were 1% higher at 99p.

 -- Adds broker comment, share price --

 

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Tue, 23 Jan 2018 07:35:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190441/dotdigital-s-growth-surge-continues-190441.html
<![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180105122444_13487128/ Fri, 05 Jan 2018 23:24:44 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20180105122444_13487128/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171219173517_13471606/ Wed, 20 Dec 2017 04:35:17 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171219173517_13471606/ <![CDATA[RNS press release - AGM Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171219070004_13470077/ Tue, 19 Dec 2017 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171219070004_13470077/ <![CDATA[News - dotdigital on track with “ambitious growth plans” as strong trading momentum continues ]]> https://www.proactiveinvestors.com.au/companies/news/188992/dotdigital-on-track-with-ambitious-growth-plans-as-strong-trading-momentum-continues-188992.html Bulk email specialist Dotdigital Group plc (LON:DOTD) is on track with its “ambitious growth plans”, with the strong trading momentum reported earlier this year showing no signs of stopping.

dotdigital’s non-executive chairman Frank Beechinor-Collins will tell shareholders at Tuesday’s annual general meeting that the continued progress is being driven by “strong international sales and growing demand for dotmailer in the ecommerce market”.

READ: Dotdigital snaps up customer engagement group Comapi for £11mln

The AIM-quoted company has continued to strengthen its relationships with key partners including Microsoft Dynamics, Shopify and leading B2B and B2C commerce platform Magento.

In fact, the latter recently launched a new version of Magento 2.2.2 which incorporates the dotmailer connector – allows platforms to integrate ecommerce data with dotmailer – in the new code base.

“This feature positions dotmailer as Magento's preferred partner for marketing automation and allows its global user-base to register for, download and incorporate the dotmailer product into their operations within moments of taking the decision to do so,” Beechinor-Collins will say.

READ: DotDigital making progress on all fronts

Last month, dotdigital unveiled the £11mln acquisition of customer engagement firm Comapi.

The integration of Comapi’s messaging capabilities into the dotmailer platform is well underway and is expected to be launched at dotdigital’s annual summit in the spring.

On top of that, Comapi has also recent won a “significant contract” which helps to underpin its revenue expectations for 2018.

“The board is very pleased with the group's current progress and remains confident in achieving its ambitious growth plans,” the chairman will tell investors.

Brokers reckon shares are worth at least £1

“dotdigital continues to justify its premium rating, comfortably achieving every target it strives for, and deploying the strength of the balance sheet to best use,” wrote finnCap analyst Andrew Darley this morning.

“100p target reiterated with plenty more upside to be gained with continuing demonstration of very high quality execution.”

Shares rose 1% to 96.4p early Tuesday.

--Updates for share price and broker comment--

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Tue, 19 Dec 2017 07:31:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188992/dotdigital-on-track-with-ambitious-growth-plans-as-strong-trading-momentum-continues-188992.html
<![CDATA[RNS press release - PDMR Shareholding, Exercise of Options and TVR ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171129070007_13447032/ Wed, 29 Nov 2017 18:00:07 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171129070007_13447032/ <![CDATA[RNS press release - PDMR Shareholding, Exercise of Options and TVR ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171128122342_13446477/ Tue, 28 Nov 2017 23:23:42 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171128122342_13446477/ <![CDATA[RNS press release - Acquisition of Comapi ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171122070005_13439738/ Wed, 22 Nov 2017 18:00:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171122070005_13439738/ <![CDATA[News - Dotdigital snaps up customer engagement group Comapi for £11mln ]]> https://www.proactiveinvestors.com.au/companies/news/187632/dotdigital-snaps-up-customer-engagement-group-comapi-for-11mln-187632.html Bulk-email specialist Dotdigital Group PLC (LON:DOTD) has taken another step towards becoming the go-to “omni-channel marketing automation platform” after snapping up customer engagement group Comapi for £11mln.

A further £1.2mln in share options is potentially due to the Cheltenham-headquartered business depending on its performance over the next couple of years.

READ: DotDigital making progress on all fronts

Comapi specialises in ‘live chat’ and has built a software platform that allows clients to communicate directly with their customers via email, SMS and social messaging apps.

Dotdigital said the deal would make it the “most advanced platform” on the market and make it more relevant in the lucrative Asian market.

READ: Dotdigital flags up another year of growth

“By adding Comapi to our business, dotdigital is executing on its vision to be an omni-channel marketing automation platform,” said Dotdigital chief executive Milan Patel.

“Comapi has built an impressive platform that, integrated with our software, will allow our customers access to the next generation of consumer engagement marketing technology aiding retention and boosting our competitive advantage in securing new customers.”

Comapi generated underlying earnings (EBITDA) of £1.2mln in the year to December 2016, on revenues of £7.8mln. On completion of the deal, it will have a positive net asset position, Dotdigital said.

Good use of spare cash, says broker

“With the three organic routes to growth demonstrated ably with strong final results (and a particularly strong second half) revealed in October, dotDigital is now making best use of cash resources in acquiring further impetus to growth,” wrote finnCap analyst Andrew Darley.

“Comapi, acquired for £11m initial consideration with further deferred conditional consideration of £1.2m in shares over two years, provides omni channel messaging and cloud communication: this extends dotDigital’s platform, maintaining its market leading integrated functionality; allows a more personalised service for clients across multiple communications channels (email, SMS, twitter etc); and positions the group well for the Asian market, which remains mobile led.”

Darley has lifted his full-year underlying earnings forecast by 12% for 2018 and 14% for 2019, while the analyst has also upped his price target to 100p.

Shares were up 5.2% to 91.5p in late morning trade on Wednesday.

--Updates for share price and broker comment--

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Wed, 22 Nov 2017 08:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187632/dotdigital-snaps-up-customer-engagement-group-comapi-for-11mln-187632.html
<![CDATA[RNS press release - Annual Report and Accounts & Notice of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171121123917_13439114/ Tue, 21 Nov 2017 23:39:17 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171121123917_13439114/ <![CDATA[RNS press release - Proposed Dividend ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171017070006_13398484/ Tue, 17 Oct 2017 17:00:06 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171017070006_13398484/ <![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171017070004_13398461/ Tue, 17 Oct 2017 17:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20171017070004_13398461/ <![CDATA[News - dotDigital making progress on all fronts ]]> https://www.proactiveinvestors.com.au/companies/news/185702/dotdigital-making-progress-on-all-fronts-185702.html Progress at bulk-email specialist dotDigital Group PLC (LON:DOTD) quickened in the second half of the financial year to the end of June.

Revenue was bang in line with market expectations at £32.0mln, up 19% from the previous year's top-line number of £26.9mln. Revenues outside of the group's home market of the UK grew by 48% and now represent 23% of total revenues.

READ: Dotdigital Group's interim CFO Phillip Blundell appointed as director

Profit before tax rose 30% to £8.1mln from £6.2mln the year before and was ahead of market expectations of £7.86mln.

Underlying earnings, or EBITDA, rose 26% to £10.1mln from £8.0mln the previous year.

Earnings per share rose 32% to 2.42p from 1.83p the year before, and were ahead of the consensus forecast of 2.24p.

Cash generation was strong during the financial year at £8.8mln, boosting the net cash position to £20.4mln at the end of June.

The full-year dividend has been hiked to 0.55p from 0.43p in the previous year; analysts had pencilled in 0.53p.

READ: Dotdigital flags up another year of growth

The new financial year has started well, with a further acceleration in international sales, giving the board added confidence the group will meet its ambitious growth targets.

With a well-stocked war-chest, the board now has a bigger focus on building an acquisition pipeline.

"H2 progress has accelerated to bring substantial and commendable growth across all regions. The first few months of the new financial year have started well and in line with plan,” said Milan Patel, chief executive officer of dotDigital.

“There has been an increase in the customer numbers that are being added across all regions to the platform compared to the previous year. The market outlook remains strong which puts us in a good position to capitalise on our strategy and the board remains confident about achieving our ambitious growth plans."

House broker finnCap said dotDigital was making progress on every front.

“Strong results from text book execution derive from delivery of the three strategic routes to growth: more partners, doubling the addressable market; increasing reach of successful operational territories, delivering 48% revenue growth outside the UK; and broader product functionality – leading to +24% spend per customer, from a growing stable of c. 4,000 active customers.” the broker said.

The strength of the balance sheet gives options as regards future growth, FinnCap said, with the acquisition pipeline hinted at by management one route to acceleration of product development or to the enhancement of organic growth in new territories through acquiring local presence.

The broker lifted its 12-month target price to 92p from 80p.

Shares in dotDigital were among the best performers early Tuesday , rising 8.2% to 79p.

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Tue, 17 Oct 2017 11:01:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185702/dotdigital-making-progress-on-all-fronts-185702.html
<![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20170921171300_13371631/ Fri, 22 Sep 2017 02:13:00 +1000 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20170921171300_13371631/ <![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20170921070006_13370212/ Thu, 21 Sep 2017 16:00:06 +1000 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20170921070006_13370212/ <![CDATA[RNS press release - Presenting at Canaccord Boston Conference ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20170802070011_13316073/ Wed, 02 Aug 2017 16:00:11 +1000 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20170802070011_13316073/ <![CDATA[RNS press release - Board Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20170731115137_13313187/ Mon, 31 Jul 2017 20:51:37 +1000 https://www.proactiveinvestors.com.au/companies/rns/3742/LSE20170731115137_13313187/ <![CDATA[News - Dotdigital Group's interim CFO Phillip Blundell appointed as director ]]> https://www.proactiveinvestors.com.au/companies/news/181710/dotdigital-group-s-interim-cfo-phillip-blundell-appointed-as-director-181710.html dotdigital Group PLC (LON:DOTD) said interim chief financial officer (CFO) Phillip Blundell has been appointed as a director of the company with immediate effect.

Blundell joined the company last week to oversee the finance and legal department, and to take some of the load off chief executive officer (CEO) Milan Patel, who over the last year has been fulfilling two roles: CFO and CEO.

Blundell has previously held CFO roles at Eagle Eye Solutions Group PLC (LON:EYE) and Intelligent Environments and has over 18 years' experience as a CFO, building strong software businesses through product innovation and global strategic partnerships, dotdigital said.

READ: Dotdigital flags up another year of growth

“His experiences and expertise in operational leadership will be very valuable as we continue to execute our strategy to pursue the expansion of our brand globally," Patel said.

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Mon, 31 Jul 2017 13:04:00 +1000 https://www.proactiveinvestors.com.au/companies/news/181710/dotdigital-group-s-interim-cfo-phillip-blundell-appointed-as-director-181710.html