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7DIG 7digital Group Plc

0.69
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
7digital Group Plc LSE:7DIG London Ordinary Share GB00BMH46555 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.69 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

7digital Share Discussion Threads

Showing 3151 to 3172 of 7600 messages
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DateSubjectAuthorDiscuss
19/7/2017
12:56
2016 accounts.

"The Board have prepared financial forecasts and projections, taking account of the reasonable potential fluctuations in trading performance, which show that the Group will have adequate resources to continue in existence for the foreseeable future. These forecasts and projections are dependent on the Group successfully securing additional external finance as and when required."

2017 AGM.

Does the company require future funding. ?


NO : Refer to new investor completion statement RNS re funding.

pet lover
19/7/2017
12:46
For 7digital, the revenues will nearly double our licensing revenues and confirm 2018 as a year of healthy profit and positive cashflow."
pet lover
19/7/2017
12:30
For those of you that have been following this company longer than me, do they generally stick to their promises? This should be a reasonably predictable business. We were told last year that they would be profitable in the final quarter and they are claiming that this is what transpired, but of course we have no way of verifying. We were told only very recently that the business would be profitable in 2017, but of course as soon as the 24/7 bid went through, this was revised to a £1.5m loss and £3.4m profit for 2018. Do the management have a track record of meeting their promises?
bloomer2
19/7/2017
11:49
The board has accepted that the business requires additional funding.

For its part, 7digital said it is confident it has “adequate resources to continue in existence for the foreseeable future”, but notes that “these forecasts and projections are dependent on the Group successfully securing additional external finance as and when required”.

bloomer2
19/7/2017
11:46
Also any more contracts about to be announced will be after the June RNS so clearly they have won more work - Contracts since then.
pet lover
19/7/2017
11:38
However the transaction did complete with a massive new order attached.

Cash flow was also enhanced,if you look at the RNS you will see details.

pet lover
19/7/2017
11:32
It seems that the auditors have a very different view of the business than Simon Cole! It sees them requiring significant new business if it is to continue as a going concern over the next 12 months.

“In order to continue operations for the next 12 months, the Group is dependent on the completion of the transaction, cost cutting measures and contracting with significant new customers and the directors have prepared forecasts on this basis. This condition indicates the existence of a material uncertainty which may cast doubt as to the Group’s ability to continue as a going concern,” reported the auditor.

bloomer2
19/7/2017
11:26
Yes the 'newly acquired contracts' that went with the deal
tiger60
19/7/2017
11:20
Tiger 60

That's to move the newly acquired platform onto the 7dig platform.

Any new orders will go direct onto the 7dig platform.

pet lover
19/7/2017
10:59
Pl only licensing revenue. To intergrate the latest acquisition we needed to upgrade the platform, thus increasing costs
tiger60
19/7/2017
09:36
Great find :

Broker has £2.1M down for 2018 and that's without the new contracts soon to be announced.

Don't forget this is a geared business,overheads as a total percentage fall, each extra pound of turnover is worth more profit.

pet lover
19/7/2017
09:21
A little update, nothing really new... although this caught my eye...

"Of course, we've been continuing to service existing clients and win new business throughout the last few months and will update the financial community shortly on our progress in that respect."

hausofmaus
15/7/2017
16:08
Indeed that may present an opportunity at these prices

Wait and see is all you can do

barnes4
15/7/2017
16:03
I am not saying it wont turn around and be profitable in 2018 it is just their credibility has been diminished over the last few years
tiger60
15/7/2017
15:45
Ok just have to wait and see

Thanks for the background to be honest I took it at face value

barnes4
15/7/2017
14:03
Just unsure of the estimated loss of 1.5m, not much data to back it up and disappointed about the lack of newsflow on new contracts. If you look at the last few years they have over promised and under delivered. There has not been anything up to the present day to indicate any change.

The majority of previous forward statements have not been met. They say they want to create shareholder value but have done the opposite without any acknowledgement of the fact.

tiger60
15/7/2017
11:50
What's the rush it will move in anticipation of profit next year or it won't

Wouldn't be overly concerned about a market correction as the share price is historically low

barnes4
15/7/2017
11:23
Sp performance, any hope in a market waiting for a correction?
tiger60
11/7/2017
12:58
.

Your research? You are joking right

tiger60
11/7/2017
12:48
By popular demand;
monte1
11/7/2017
12:48
You are correct my research shows huge upside here.

Yesterday the broker pointed that out.

Shares moving up.

pet lover
11/7/2017
12:44
I was thinking more Frank Spencer.....
cloudwars
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