Share Name Share Symbol Market Type Share ISIN Share Description
7Digital LSE:7DIG London Ordinary Share GB00BMH46555 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 5.625p 5.50p 5.75p 5.625p 5.625p 5.625p 429,286 07:53:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 10.4 -7.9 -7.3 - 6.51

7Digital (7DIG) Latest News

More 7Digital News
7Digital Takeover Rumours

7Digital (7DIG) Share Charts

1 Year 7Digital Chart

1 Year 7Digital Chart

1 Month 7Digital Chart

1 Month 7Digital Chart

Intraday 7Digital Chart

Intraday 7Digital Chart

7Digital (7DIG) Discussions and Chat

7Digital Forums and Chat

Date Time Title Posts
04/9/201408:10Music in the digital age116

Add a New Thread

7Digital (7DIG) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all 7Digital trades in real-time

7Digital (7DIG) Top Chat Posts

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 5.63p.
7Digital has a 4 week average price of 6.14p and a 12 week average price of 6.59p.
The 1 year high share price is 16.63p while the 1 year low share price is currently 5.25p.
There are currently 115,696,573 shares in issue and the average daily traded volume is 225,062 shares. The market capitalisation of 7Digital is £6,507,932.23.
michaelmouse: Simon Cole and Matt Honey have bought more shares in the company following their purchases reported on 22nd September. Miton Group have also increased their holding above 4%:- hTTp:// However, I am totally perplexed by the following line:- "The additional shares were acquired pursuant to the Directors and Institutions being significantly scaled back in a placing of stock that was announced on 22 September, due to excess demand." No such announcement was made on the 22 September. Have they forgotten to tell us something? Has an oversubscribed placing already occurred at 5p? The reported shareholding percentages for the Directors and Miton suggest a placing hasn't occurred since they are correct based upon the last stated issued share capital? Certainly no RNS was issued on the 22nd. Very confusing. Anybody?
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.
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.
loobrush: Fair comment someuwin,however it should be noted that since they changed tack into their current market other directors have come on board including Sir Donald Cruickshank, a director of Qualcomm Inc, non-executive chairman Eric Cohen, SVP Corporate Development at Dolby Inc Mr. McGowan Chairman of HMV,Chief Exec. Goodmans Capital who own 20.3% of the Company's issued share capital. There is now more than one man, but a team, driving the company forward. Also the drop in share price was caused by the dumping of stock by Imagination Technologies after the sacking of the MD there who was also a director of 7dig which has caused some uncertainty. On the plus side is the fact that Miton and Henderson have recently acquired over 6% each of the company. It is also still relatively early days in this new business where a number of competitors have gone to the wall,but they are still gaining ground. Indeed they may be the first company to actually start making profits as competitors dissapear. It seems to me that there is also some important news in the offing as refered to in the latest RNS,this will be revealed in the Sept results which I am sure will include a date when 7DIG will be in profit. With 7DIG only valued at £8 million any news on profitability and how this could ramp up in future will give the shares an almighty lift. We will have to wait till Sept to see. But you never know , by then the share price could be a lot higher if investors buy in before the results date in anticipation or its tipped in the press.
loobrush: I hold the shares and also consider they could give a big big win if all goes ok I think that what has kept the share price down is that in the last RNS it said that Guvera owes it £800,000 odd which it is now paying off over 8 months,which is not good at the moment. However on the flip side, despite that, they haven't needed to raise more funds so cash required to run the business must be ok,so that is very good. In the same RNS however they seem quite upbeat-so we will have to wait until results which I am expecting will spark the share price into life and back up to 14p at least.
trotterstrading: Good post over on LSE"JARV55 - it's a very interesting company. If you look at the dynamics at play, emerging technology, market trend for streaming vs. downloads, market leading position with recently decreased competition in this space, a scaleable operation, a timely and complimentary acquisition, with a business that's bordering on profitability (let's not forget 50% of rev in foreign currency so that will provide new momentum) together with ties with industry music players e.g. Warner Music, then this all makes for the classic dynamics of an attractive investment, which looks to be at a discounted share price. I put that down to liquidity, questions over funding (which appears to be okay) and forced sellers (the conditions for 7Dig I think have changed since those forced sellers commenced their exit). I like the management too- they are measured and patient with the comms and managing expectations. Saves significant gyrations in the share price. I sense that when solid news is delivered (start of which will be the MQA tie ups in September results announcement as flagged by Cole). Anyway a few thoughts an of course all IMHO"
loobrush: Trading update due soon-could be at or near profitability-shares are at a low point due to lack of interest as all news so far this year has been fine. Chairman bought in 6 months or so ago at about 16 p if update is good should see share price back up to 16p and if really good well. Still loads of potential here, have added a few as in my view its way undervalued.
michaelmouse: Personally I think that a set of circumstances has made 7digital a special situation. The share price was on a roll upwards until the debacle at IMG where the CEO was ousted and IMG then sold all it's shares in 7Dig. This has been closely followed by Ben Drury's (not unexpected) departure where he too was a major shareholder and has almost certainly offloaded his entire shareholding today. IMO these circumstances clearly adversely affected the share price and (IMO) have presented a pricing anomaly since the news from 7Digital is excellent. Most investors find it incredibly difficult to buy when a share price has been trashed despite this generally being the best time to buy in. However, each to their own.
loobrush: This video interview posted by iainbarclay is a MUCH WATCH. It explains very well what 7DIG do and where the are going and at the end how big they could be in a couple of years. If it gets as big as he thinks it could be the biggest music selling company in the world or one of the biggest. Within 3 years the MD expects their market share to be at least 30% of a $250 million market (£176 million ) Which equals 30% x £176 million = £52 million. Maybe someone could do the maths to see what the profit might be or even calculate what this should equal in share price terms ! Share price would be many times todays that's for sure. Listen
loobrush: About 7 digital 7digital Group plc is a global digital music technology platform providing access to over 25 million music tracks. Its technology offering is a cloud-based software platform that allows companies to create and develop their own music service. Its services include radio aggregation and search, curated and programmed channels, high definition audio, personalized radio, music and radio streaming and music download services. The 7digital platform and APIs are used to power music and radio services for consumer brands, mobile carriers, broadcasters, automotive systems, retailers, record labels, artists and agencies. Its APIs and mobile application allow its business to business clients to provide music downloading and streaming to customers. It services customers, such as Samsung, T-Mobile, HMV and Blackberry. It also operates its own business to customer’s music store, localized for and available in over 20 countries. 7digital mobile apps are available for all device operating systems. The shift in music delivery from CDs, to downloads and now streaming services, has been dramatic and disruptive to the established industry, opening up massive opportunities for investors. Apple's purchase of Beats headphones and streaming music service for a remarkable $3bn – triple the valuation of last September – is the most recent example. These are still early days in a rapidly evolving market place and industry; however, with its robust platform, huge music catalogue and rights package, 7digital is well positioned to grab a significant slice of this massive global industry. Background on 7 digital 7digital was reversed into UBC this year and shares issued at 27 p to new investors, price has since dropped to 15 p. 7Digital holds 18.7% of the share capital of Audioboom, plus warrants to a total holding just under 20% , appx. 90 million shares. At Audioboom’s share price at 9p, UBC's shareholding in Audioboom is valued at appx £8.1 million Every 1p share price rise in Audioboom increases the value of 7 Digital’s shareholding by appx £900,000. Powerful Board of Directors for 7Digital Sir Donald Cruickshank, a director of Qualcomm Inc, non-executive chairman Sir Hossein Yassaie, chief executive of Imagination Technologies Group plc Eric Cohen, SVP Corporate Development at Dolby Inc Value At the moment with the shares at 15 p 7 digital is valued at £ 16.2 million Of this Cash is appx £7.0 million Audioboom holding is £8.1 million Total £ 15.1 million That leaves a value for the UBC business and 7 Digital business combined of ONLY £ 1.1 million WAY TO CHEAP IN MY VIEW. Although it should be noted that the £7 million cash is earmarked to be spent on growing the business. According to recent RNS shareholdings was as follows DC Thomson & Co. Ltd 7,394,857 6.9% Imagination Technologies Group plc 18,377,132 17.1% Liontrust Asset Management plc 9,811,634 9.1% Miton Capital Partners Limited 3,770,278 3.5% Benjamin ("Ben") Charles Drury 12,766,903 11.9% Goodmans Capital Investments Limited 21,975,330 20.5% Dolby International AB 4,094,708 3.8% James Martin Kane 8,523,607 7.9% So the total of shares tied up is 80.7% that is a lot and leaves a very small free float, so any good news should have a significant impact on share price as one wouldn’t expect any of the shareholders to sell at this price as most have only just bought in. .Also the significant shareholding in Audioboom could well be worth a lot more in time. It is also noteworthy that Imagination and Liontrust have increased their holdings ll, also interesting, is that Dolby now has a shareholding. A further caveat is that 50% of the shares are under a lock in arrangement for 12 months.
7Digital share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:32 V: D:20161023 23:50:51