Contract awards and a bonkers valuation to kick off 2022
It’s been a generaly challenging start to 2022 for AIM, but several companies covered here have announced positive updates and contract wins, lifting their shares higher. However, the valuation of a loss-making online women's fashion brand continues to baffle us, as you can discover here. (Free to read)
Digitalbox: trading ahead Digitalbox (AIM: DBOX), the mobile-first digital media business, which owns the ad driven Entertainment Daily, The Daily Mash and The Tab web sites, confirmed that trading across its three brands was stronger than anticipated in December 2021. As this is traditionally the Company's most important trading period, revenue and EBITDA for the year ending 31 December 2021 are consequently significantly ahead of the recently upgraded market consensus of EBITDA of £850,000, with revenue now expected to be not less than £3.6m. The shares rose 20% on the news to 11.25p lifting the market capitalisation to £13m. Promising…