Share Name Share Symbol Market Type Share ISIN Share Description
7Digital LSE:7DIG London Ordinary Share GB00BMH46555 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.75p -9.38% 7.25p 7.00p 8.00p 7.875p 7.125p - 2,383,664 16:51:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 11.9 -5.2 -4.5 - 13.27

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DateSubject
22/6/2017
09:20
7Digital Daily Update: 7Digital is listed in the Media sector of the London Stock Exchange with ticker 7DIG. The last closing price for 7Digital was 8p.
7Digital has a 4 week average price of 5.38p and a 12 week average price of 5.38p.
The 1 year high share price is 9.75p while the 1 year low share price is currently 5.25p.
There are currently 182,982,962 shares in issue and the average daily traded volume is 1,382,995 shares. The market capitalisation of 7Digital is £13,266,264.75.
21/6/2017
07:39
researchanalyst1: Back in April, A-rated managers Gervais Williams and Martin Turner tripled their stake in 7Digital digital after the firm revealed plans to buy its European rival 24-7 Entertainment from MediaMarktSaturn, Europe's largest electronics and entertainment retailer. The duo upped their holding from 5.4 million shares to 16.2 million shares or 10.11%. Well, two months later, the company has passed the ‘Ronseal test’ and delivered on their promise of creating a profitable, globally dominant player in end-to-end digital music solutions; the core of its business being the provision of robust and scalable technical infrastructure and extensive global music rights used to create music streaming and radio services for a diverse range of customers. As a result of the acquisition, and something the market appears to have missed – judging by yesterday’s lacklustre share price performance – 7Digital’s revenues are on track to rise twofold thereby delivering a highly profitable and cash generative financial year (ending 2018). FinnCap, the company’s nominated adviser (NOMAD) and broker, released this statement yesterday: ................................................................................... Harold Evans, Research Analyst June 20 2017 7digital has now acquired 24-7 from MediaMarktSaturn (MMS) on materially the same terms as previously announced. Separately, 7digital has also announced a major new deal (also with MMS), worth £6m over its lifetime. Because of the materiality of this new contract, we will be updating our forecasts, pending discussions with management. ................................................................................... Now, that exceptionally bullish statement comes hot on the heels of their early June note (below): ................................................................................... Harold Evans, FinnCap Research Analyst: June 05th 2017 HI-RES STREAMING CUSTOMER CONFIRMED "7Digital (LON: 7DIG) has today been able to confirm its relationship with Hdtracks, for which it is powering a high resolution streaming service using MQA technology." "Separately, the company recently received strong support from its shareholders in respect of its open offer. Acceptances were received for 9.3m shares, representing approximately 81% of the maximum number available under the open offer." "We update our forecasts accordingly – the only changes being an improved forecast cash position of £1.6m. There is no change to our price target which remains at 12p." ................................................................................... It goes without saying, at 7p, 7Digital is profoundly undervalued. Expect a materially higher Target Price when FinnCap go to the press later this afternoon. .
05/6/2017
13:19
michaelmouse: In the first line of today's news release it says:- "7digital (AIM:7DIG), the global leader in end-to-end digital music solutions" As I've said many times, one of the attractions of this company is that it has a quasi-monopoly in this space. The big question is whether or not it's a monopoly worth having? In other words can 7Dig come good on their promises and become consistently cash generative and profitable? Clearly, it's still early days. If you're a trader (and most are) then I suppose the day to day fluctuations in the share price are of interest. Longer term, if the company are successful then any share price below 50p will probably prove to be a bargain. If they're not successful then expect the share price to languish at these levels. Micro-caps are probably interesting stocks to trade, but the really big profits come from holding on to winners longer term. Surprisingly few micro-caps go bust. Aimho, of course.
05/6/2017
09:54
pet lover: Full details 7dig runs this service. YOLO Leisure & Technology PLC Further Investment in Magic Media Works Intraday Yolo Leisure Chart Intraday Yolo Leisure Chart 05/06/2017 7:00am UK Regulatory (RNS & others) TIDMYOLO RNS Number : 0866H YOLO Leisure & Technology PLC 05 June 2017 YOLO Leisure and Technology plc ("YOLO" or the "Company") Update on Magic Media Works Ltd Conversion of existing Loan Notes Yolo Leisure and Technology plc ("Yolo") is pleased to provide an update on significant developments at its investee company, Magic Media Works Ltd ("Magic"), the home entertainment technology company. Highlights; -- Magic has successfully completed a major new pre-IPO round of funding; -- Company now able to launch a new version of core product and to enter the North American market; -- Full participation in the Magic funding round by Yolo; -- Simultaneous conversion by Yolo of existing Magic Convertible Loan Notes; -- Yolo now a 41.43% shareholder in Magic; and -- FinnCap appointed by Magic to advise Company on corporate and funding strategy. Details Magic has completed an issue of GBP1.2m of new Convertible Loan Notes (the "New Loan Notes"). GBP1.0m of this raise has been secured through additional funding from new and existing investors, with the balance consisting of the capitalisation of part of a loan account ("Loan Account") due to Rob Lewis, founder and CEO of Magic. On conversion, the New Loan Notes will convert into ordinary shares in Magic at a 33% discount to the share price on an Initial Public Offering ("IPO") of Magic shares to the Stock Market. In the event that such an IPO does not occur by 1(st) December 2017, the New Loan Notes will thereafter accrue interest at 10% per annum. The New Loan Notes are repayable on the 1(st) of December 2019. Yolo has subscribed for GBP500,000 of the New Loan Notes. In addition to his investment in the New Loan Notes, CEO Rob Lewis has also subscribed for a further GBP600,000 of new ordinary shares in Magic through the conversion of the rest of his Loan Account, leaving a residual amount to be paid in lieu of salary. As part of this investment round, Yolo is converting its existing holding of GBP1.415m Magic Convertible Loan Notes, as announced on 7 November 2016, into 2,673,661 new ordinary shares in Magic, giving it a 41.43% holding in Magic. Following the closing of this pre-IPO funding round, Magic has appointed, with immediate effect, FinnCap Limited, one of the leading AIM Nominated Advisers and Brokers, as Corporate Finance Advisor to advise on its corporate finance strategy. Following the above capital raises, Magic's next generation product will now launch in Q3 2017, delivering a suite of new features which will significantly differentiate the company's proposition from existing music streaming offerings. This new product will be made available through a range of retailers, etailers and TV shopping networks in a range of territories in both North America and Europe with launch dates and further details about the products exciting features to be announced in the near future. In anticipation of the new product's launch, Magic Works has appointed Paul Johnson (previously with Nissan, Sony and Virgin) as Chief Marketing Officer and Michael Moszynski, CEO of London Advertising, has joined Magic's Advisory Board. Simon Robinson, Chief Executive Officer of Yolo, comments: "The closing of this pre-IPO funding round by Magic represents a significant milestone for the company. Our decision to subscribe in this funding round and to convert Yolo's existing Convertible Loan Notes in the company into a major equity holding, clearly demonstrates the Board's growing belief that our investment into Magic is now poised to deliver material and measurable near-term returns for Yolo shareholders. I am also pleased to report that YOLO's other investee companies are also performing well, and shareholders can expect news in this respect shortly." Editors Note about Magic Media Works; Magic Media Works mission is to connect people together through music and bring joy to the home by building remarkably simple products that anyone, and everyone can use. During the first quarter of 2017, a third of its existing customers were already using the company's devices for more than 8 hours per week. Magic has licensing agreements with the world's major record labels, including Universal Music Group, Sony Music Group and Warner Music Group and major independents including Merlin Music and also the major music publishers, allowing users to access millions of albums and over 29 million music tracks ad-free.
17/5/2017
14:42
pet lover: As is always the case, at some stage a newspaper / broker report, or contract, lights up a stock that has done nothing share price wise tor years. 7dig and MQA are partners and since most costs are fixed at 7dig any large streaming services of MQA music by 7dig will be not far off pure profit. That's when the shares will rocket, five to ten times can not be ruled out. It's now also abundantly clear that MQA will be the only music streaming platform as it has advantages for all parties.
14/3/2017
10:58
pet lover: 7digital – completion of share placing, broker updates By Steve Moore | Monday 13 March 2017. Following its 2016 results, digital music and radio services group 7digital (7DIG) has successfully placed 34,769,239 new shares at 6.5p to raise a gross approximately £2.26 million and house broker, finnCap, has updated on the company's manoeuvrings. The placing is part of a noted £3 million fundraising – a £0.75 million open offer also proposed – following the 2016 results showing swings to net debt, net current and current asset to total liabilities deficit positions (of £0.7 million, £2.3 million and £3.8 million respectively). The results statement emphasised that “the board remains committed to being profitable at the operating level for the full year in 2017” - which saw me ask what about capex? And, as implied, a free cash outflow is still anticipated - finnCap forecasting -£0.6 million. The broker has an adjusted pre-tax profit of £1.2 million and free cash flow of +£0.7 million pencilled in for 2018 and a 12p share price target – with, it argues, “significant scope for raising this target in due course given the business’s growth potential and room for operational leverage”. However, I remain cognisant that, self-admittedly, “the timeline required to close sales contracts and the order value of individual sales continues to vary considerably, which constrain the ability to accurately predict revenue performance” - and such visibility in conjunction with cash generation ability still to be proven sees me currently continue to avoid. - See more at: http://www.shareprophets.com/views/27771/7digital-completion-of-share-placing-broker-updates#sthash.p1V9OX5q.dpuf
10/3/2017
08:11
michaelmouse: Not entirely unexpected as I mentioned in September blog:- hTTp://michae1mouse.blogspot.co.uk/2016/09/7digital-update.html Reasonable discount to current share price (10%). The key going forward is that they were EBITDA positive in the last quarter of 2016, and are still targeting EBITDA positive for the full year 2017. If the latest acquisition goes ahead then they will effectively have no competitors left in Europe. They also have all three major labels on board. Reads positively to me, and should put a floor under the share price.
31/1/2017
07:36
pet lover: Tidal is B2C 7Dig is B2B Look at the valuation of Tidal V 7dig. New B2B MQA Hi Res music is going to be launched this year by 7dig who will provide the licensing and streaming services. ( up to 5 are in the pipeline) This has not been factored in to the 7dig share price. In many respects 7dig has a far better business model through its partnership with MQA on the B2B side rather than B2C
30/1/2017
13:52
pet lover: Homebrewuss: The music business is worth Billions per year tiny 7Dig is valued at £8M 7Dig is also making an operating profit now without the massive incomes that the MQA 7Dig partnership will produce going forward. Mr Cole said a year ago he thought revenues would be ITRO £70M within 3 years, now Two years. I think is will be proved correct.If 7dig deliver then a market valuation of One Billion would not be out of order. That's 100 times today's share price. If they do just 1/10th of that it might be the best investment you have ever had. If they do 1/100th of that you have doubled your money. The trading statement above has enforced my belief that MQA and WORLDWIDE RADIOPLAYER are the keys to massive shareholder gains All the information in the public domain points to just that.👯ԁ11;
25/9/2016
15:07
michaelmouse: If they have to raise money then I don't believe it will be a large fund raise since they appear to have substantially reduced cash-burn. From the Simon Cole interview he says:- “This company is on the brink of profitability: we are no longer burning through cash, and the inflection point for this business is just around the corner, thanks to the size and scale of the kind of customers we’re dealing with.”" My guess is that any small fund raise would be around 5p if it's needed at all. Either way, if they do get a small fund raise away then that will be viewed positively by the market, and if they don't need a fund raise then profitability is clearly assured. Each investor makes his/her own choice about if/when to invest in a company, but with a long term view and assuming 7digital are ultimately successful then the share price will be many multiples of the current price. You could sit on the sidelines and wait to see what happens in the hope the share price falls to 3p/4p, but of course the share price may never hit those levels and as we've seen in the past the shares can easily take off and double in a matter of days. DYOR and all that.
14/8/2016
14:41
hope67: There appears to be so many layers to 7dig looking forward to Septemebr interims to see if they have managed to break even, hopefully 7dig will go on the Voxmarkets podcast get them back on the radar. With another 60 prospects to possibly add to revenues I think 7dig could be a good recovery share, Img selling out has obviously damaged the share price. But Hendersons and Miton appear to be snapping them up. #7dig 7digital (AIM:7DIG), the digital music and radio services company, is today pleased to announce a deal with eMusic, a leading music discovery and download-to-own destination. The deal will see 7digital power the eMusic service re-launch and will allow eMusic's new owners to build new features into the service through use of 7digital's technology and content management system. It was announced in October 2015 that TriPlay had acquired eMusic, making the combined entity one of the largest, most comprehensive digital music services in the world, comparable only to Apple iTunes and Amazon with a broad offering of features including its own music store, music player and accessibility on over 14 platforms via the web and apps. TriPlay will offer its millions of active, eclectic and music-savvy users access to tracks from a comprehensive catalogue of more than 25 million songs from every genre. Now, for the first time, eMusic users will have instant access to their extensive music collections, both online and offline, on any device, anywhere in the world. Through the deal, eMusic will access their licensed content from 7digital's global catalogue of over 40 million tracks. eMusic will also rely on 7digital for rights holder reporting and benefit from other enhancements to the service offering. The eMusic service will use 7digital's platform to power and improve its user experience and content offering. Improvements include newly enhanced metadata for classical music that promises to provide better search and discovery of classical tracks and albums, as well as the addition of an extensive library of hi-resolution lossless audio in both 16-bit (CD quality) and 24-bit (premium quality) FLAC. The deal will contribute to 7digital's revenues for 2016.
7Digital share price data is direct from the London Stock Exchange
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