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
  -0.25p -3.51% 6.875p 6.75p 7.00p 7.125p 6.875p 7.125p 3,489,279.00 12:39:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 10.4 -7.9 -7.3 - 7.95

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Date Time Title Posts
04/9/201407:10Music in the digital age116.00

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7Digital (7DIG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
20/01/2017 17:06:167.00250,00017,500.00O
20/01/2017 16:20:557.0014,114987.98O
20/01/2017 16:12:417.0050,0003,500.00O
20/01/2017 16:12:167.0050,0003,500.00O
20/01/2017 16:00:557.0024,2001,694.00O
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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 7.13p.
7Digital has a 4 week average price of 7.07p and a 12 week average price of 6.45p.
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 1,644,976 shares. The market capitalisation of 7Digital is £7,954,139.39.
michaelmouse: I'm mildly surprised by the size of the pull back, but it's par for the course with micro-caps. One of two scenarios I'd guess. 1) After such a stellar rise leading to the trading update then short term traders will have taken profits. The current price (around 7p) looks like support before the next big leg up in the share price. 2) It's not impossible that now they have confirmed that things have panned out as they said they would then a modest placing has been agreed at around these levels to ensure balance sheet strength. Either scenario is fine with me. I expect to see the share price sprint ahead this year quite dramatically if they continue to deliver. Nothing's changed since yesterday and that trading update was excellent and better than I'd imagined. Anyway each to their own.
pet lover: This is what you read when you go to download the App. " - your video social network Install is the world's largest creative platform. The platform makes it super easy for everyone to make awesome videos and share with friends or to the world. Top categories on include :" This is the reason I believe any new streaming platforms will be on behalf of truly massive companies where the growth of those companies will over time be reflected in 7Dig"s share price.
pet lover: This is from Money Mail May 2015 *The past year has seen the management steer the acquired 7digital operation away from low profit digital downloads, which used to be the bread and butter business, to focus it on the aforementioned streaming market, which generates gross margins of 95 per cent.* The accounts show download margins of C:7% Getting margins up from 7% to 95% has a stunning effect of profits going forward. Add huge turnover growth and you have all the ingredients for outstanding share price performance.
pet lover: 2017 will be a very exciting year for myself being a shareholder in 7Dig. I have invested for high margin recurring fast growing revenues. If they deliver over the next few years this is the effect that we might see. £1M pounds profit in 2017 with £3M forecast in 2018 might produce a share price Price earnings ratio of 40 late in 2017 = 28P If they deliver £2M profit in 2017 and a forecast £4M in 2018 Price earnings ratio of 40 late 2017 = 56P If licensing deals flow from very large established companies and are followed by bulky streaming revenues these numbers may prove way off the mark. Mr Cole talked about £70M of revenues projection this time last year in 2-3 years from that date. The targets I have shown above are based of revenues of £20M maximum. £70M revenues producing £35M profits and growing fast would see the stock worth a cool Billion Pounds. As Smithie6 likes to remind us the company has failed to deliver in the past so nothing is guaranteed.I Think they will come good but acknowledge that all investment is a risk for a variety of reasons. 📀📀
smithie6: petlover net cash used in operations 639k. + change in payables & receivables = 1582 + 110 = 1692k total = 2331k = 2.3M cash used in H1 = 4.6M per year Can you spin a gloss on that ??!!! noting that the co. has spent the money raised in the merger and also from selling Audioboom shares....and now has a bank loan....and is still loss making yet now has a tougher environment imo to raise new indicated by the price chart ---- One poor RNS and this share price would open at a much lower price imho since the numbers are obviously very weak/vulnerable. ---- Payables can not be ignored.... you can perhaps avoid paying your bills for a short time....but after a while your suppliers will insist on payment and/or will - stop selling to you - only sell to you if you pay cash (which 7DIG hasnt got) - will require some g'tee of payment...which would cost you a % of the value to obtain from some financing house or bank...if available at all ---- Deferred payment I havent tried to look at that (there is no note of explanation since just interims) but the jump of 868k is probably a -ve factor....I would assume that sales numbers for H1 include sales with deferred payment....raising the question of whether the sales numbers for H1 have been manipulated using sales that happen in the future outside of H1 a real sale imo is one that gets paid for.....deferred payment infers risk especially with default and administration history in the sector such as Guvera...
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.
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"
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.
7Digital share price data is direct from the London Stock Exchange
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