7digital Share Discussion Threads

[hausofmaus] 13/3/2017 09:05

A new video interview with CEO...



Good update on industry, acquisition, opportunities...

[pet lover] 12/3/2017 15:16

RAPIER686:

If I am then correct you have a company valued at C £12M after the placing and inc the new company they are buying.

It now has payables, that equal cash and receivables,Plus £1.5M loans due from the purchase of S/W last year.

Total of £13.5M

[rapier686] 12/3/2017 14:32

He strains my credibility here:
“The City predictions were that we would have a balance of zero at year and and in fact we had £730k in the bank,” he said then.

“Remember also that we have zero bank debt currently. Cash at Half Year (June 16) was £1.1m so we have only burnt through around £300k in a period where we were increasing in profit dramatically. I have to say that the final quarter of last year was – a technical word here – stonking.”

The accounts he's just released show "Loans" of £1.5m at year end (up from £1.3m at half time). Perhaps it's not a bank that's lent that money but all the same...

Further, cash may have only reduced by £300k in H2, but receivables shrunk by £1.2m and payables grew by £200k. To a whopping £6.7m - exceeding receivables by the full amount of the placing he's just got away.

If Q4 was stonking then Q3 must have been a full on disaster.

[michaelamouse] 11/3/2017 19:07

oh dear Darling Michael, Smithie6 don't worry, the mouse is feeling down and he does FILTER a lot of people. You are in good company.

"Well worth reading", is one of his favourite sayings, i am afraid our love affair is over. You see on his advice i put some of my hard earned into avn and track and I've lost, weep, weep.

My advice to fellow posters is stay clear of whatever Michael the MOUSE says to buy.

[pet lover] 11/3/2017 15:32

Results yesterday.


"7digital the only b2b delivery platform for MQA"


This conformation from 7 Digital is the key to absolutely massive revenues going forward.

[homebrewruss] 10/3/2017 21:44

interesting interview with Simon Cole about halfway through this podcast mentioning to some of the projects they are working on behind the scenes:

[tiger60] 10/3/2017 16:43

Maybe if you were a bit cynical the days leading up to the official notice should be taken into consideration....just a couple of days ago it fell 10%...hmm

[hausofmaus] 10/3/2017 16:40

If someone had told me a few months ago that we'd release results, have a placing and only be down 1.7% at the end of the day, I'd never have believed it! Onwards and upwards...

[michaelmouse] 10/3/2017 15:52

I see you've already edited your post. Filter bin.

[smithie6] 10/3/2017 15:45

S.Cole ..MD...not investing ?

Update
£16k worth

In return he gets about £200k over 1 year.

..imo he's not investing....he's taking money out of the co.

[smithie6] 10/3/2017 15:44

Micheal
What % is dir. inv. wrt dir. benefits over 1 year ?

Noting that without this cash raise the shutters would come down & dirs benefits wld be 0)

[michaelmouse] 10/3/2017 14:33

Well worth reading imo:-

[michaelmouse] 10/3/2017 14:17

Yes Cruickshank has bought £50,000 worth and McGowan £100,000 worth with four others buying stakes between £10,000 and £21,000.

Trakm8's Director's showed a similar level of confidence in their recent fund raise (if not more so).

There are no guarantees of success, but as an investor it gives you the satisfaction of knowing that all of the Directors are committed to getting it right and are prepared to risk their hard earned cash alongside their shareholders.

[che7win] 10/3/2017 14:10

Those directors - some of them have taken quite a substantial amount in the fundraising - compared to their current holdings.

[michaelmouse] 10/3/2017 13:23

ebomber post 2084 - "Really struggling to see how cash flow neutral, never mind positive in next 12 months."

At the half-year Net cash used in operating activities = £639,000
At the full year Net cash used in operating activities = £479,000

So a cash inflow from operating activities in h2 of £160,000

Since they didn't report EBITDA positive until q4 that suggests that q4 was very encouraging.

So not that difficult to imagine a positive EBITDA for the full year.

[barnetpeter] 10/3/2017 12:54

yes thats good. Wished they had raised 5 million in fact. Not underwritten I notice ...which shows confidence and saves plenty.

[cloudwars] 10/3/2017 12:43

Be interesting to see whether any new institutions have come on board

[ebomber] 10/3/2017 12:16

Great news placing closed. Will make my maiden investment on first day of trading.

[hausofmaus] 10/3/2017 12:14

"A total of 34,769,239 Placing Shares have been successfully placed with existing and new institutional investors as well as certain Directors" - Nice, look forward to the holdings RNS's to see who picked these up.

By my reading of placing RNS, open offer shares should become available for buying in our trading accounts on Monday, with 10% of current holding being available. Look forward to that.

[opodio] 10/3/2017 11:54

Looks finished,will be under the 6.5p placing price soon enuf ffs 😁

[ebomber] 10/3/2017 10:54

Really struggling to see how cash flow neutral, never mind positive in next 12 months. Welcome manner placing is structured to small investor but doubt will be adequate with another call in December 2017 / January 2018. In the meantime ride the fluctuations.

Full year revenues of GBP11.9m (2015: GBP10.4m); adjusted LBITDA of GBP3.5m (2015: GBP2.1m), after GBP0.8m provision for bad debt at customer Guvera, costs relating to the move to a cloud-based IT system and reflecting the timing of R&D tax credit; the statutory loss for the period was GBP5.2m (2015: statutory loss of GBP7.9m)

Favourable currency exchange alone could account for reduced loss!

Not a holder but will join the party after placing complete.

[barnetpeter] 10/3/2017 10:24

The debt is in the form of money owing.....but as I say, we all know the risks with 7dig. They need to do well in 2017/8 else that will be that I think.

[cloudwars] 10/3/2017 10:18

If someone has been waiting in the wings now may be a very good time to pounce!

[michaelmouse] 10/3/2017 10:14

Further positives would be that comparison of the half year results with the full year results indicate that they were operating cash flow positive in H2 as a whole.

Also if the financial situation were that worrying then the discounted fund raise would have been considerably more than 10%, and it's unlikely that they would be considering an acquisition. If you look at companies that are either in trouble or years from profitability then the fund raisings are more often heavily discounted.

Placings are not all bad, particularly when they aren't rescue placings and/or deeply discounted.