7digital Share Discussion Threads

[dibs61] 21/9/2017 18:13

I think this is the line from the AGM statement which may be hinting at a fundraising:

"The Company believes that by increasing the investment in its core platform in 2017, it can accelerate the integration of the two businesses"

I must confess I didn't pick up on it at the time. One must always read an RNS at least three times and 'translate' where necessary.

I hope of course I'm incorrect as I'm holding at an average in the mid 6's

[tiger60] 21/9/2017 18:06

It seemed almost personal, but doubt very much that's the reason for the fall.

[barnes4] 21/9/2017 18:02

Is that why the price plummeted?

Must have been a dreadful write up!!

[tiger60] 21/9/2017 17:55

No I didn't but read it near the time. Will try and find the reference.

In Evening Standard business section today...very unflattering to say the least 'Betamax v apple'

[michaelmouse] 21/9/2017 17:42

Were you both at the AGM btw?

[michaelmouse] 21/9/2017 17:35

If true that would be even better.

In either scenario I'm relaxed, particularly if they achieve anything like their current 2018 projections.

Out of interest can you point me to the statement that says no more funding will be required? TIA.

[tiger60] 21/9/2017 17:34

Yes we were but it looks tight and mgmt have said one thing and done another before. Hoping for the best, no funding and losses for the year no higher than 1.5.

[pet lover] 21/9/2017 17:24

We were told at the AGM no more funding was required.

[michaelmouse] 21/9/2017 17:17

tiger60. You are correct about the share price. You could argue that it's just uncertain markets and that the share prices of illiquid micro-caps are generally very volatile at the moment.

However, with 7digital there may be some nervousness regarding the possibility of them raising additional cash. Interim results are released on Tuesday so we may know a little more then. Indeed four Directors recently received remuneration in shares rather than cash.

The situation as I see it is this. If 7digital still expect to be cash generative and profitable in 2018 then any cash raise is likely to be relatively modest at this stage (let's say £3m tops and hopefully less) at around 6p-6.5p. In other words dilution will also be relatively modest.

The key issue surrounds next year imo. If projections are unchanged then with or without a fund raise the share price will take off in the next few months since uncertainty will be removed and the focus will be on 2018.

A great recent example is ZOO Digital. It had spent the last 3/4 years going nowhere.

In April they raised more than £2.5m at a placing price of 9p. Initially some investors reacted with disappointment. This is possibly because they hadn't thought it through.

ZOO is growing and starting to produce profits and cash. Once the uncertainty had lifted then investors could focus on the future and the share price has shot up three fold since to around 27p.

I may be wrong but I suspect (and am hopeful) that a similar scenario may happen here. Certainly, whilst the businesses are different, the parallels are striking.

We will of course find out in due course.

If this scenario plays out then you won't give a hoot whether you paid 5p/6p/7p or 8p because the returns will be substantial.

Aimho of course.

[flagon] 21/9/2017 16:23

Thx for the links ... interesting reading.

[tiger60] 21/9/2017 16:23

Elephant in the room is the sp

[napoleon 14th] 19/9/2017 17:50

7digital (AIM:7DIG), the global leader in end-to-end digital music solutions, will announce its interim results for the six months ended 30 June 2017 on Tuesday 26 September 2017.

[tiger60] 18/9/2017 19:47

I would settle for no nasty surprises

[napoleon 14th] 11/9/2017 13:27

Keep holding! IMO it will fly once it takes off.

[bean02] 08/9/2017 12:44

Looking to break this level strongly

[pet lover] 04/9/2017 21:48

Market size:



7dig has the job of steering potential customers to various paid for streaming platforms.

That's why the record companies want to work with 7Dig.

The B2B segment is falling into 7dig's lap with the competition wiped out over the last five years.

[russ505] 04/9/2017 21:13

Great find Michael.More News

MQA and Deezer announce partnership
hxxps://parttimeaudiophile.com/2017/09/04/mqa-and-deezer-announce-partnership/

[chezt] 04/9/2017 17:22

Excellent find, in car use will be a major earner in streaming in time. Its great to see this getting off the ground along with DTS.

[pet lover] 04/9/2017 16:53

Very good find, look for more updates from 7dig soon.

[michaelmouse] 04/9/2017 15:10

Short term chart beginning to look interesting?

[michaelmouse] 04/9/2017 11:46

Radioplayer is launching a new smart radio feed for connected cars, with the Audi/VW group the first manufacturer to sign up.

..........

[michaelmouse] 01/9/2017 07:17

Chezt - From the link in post 2738:-

"This follows recent news from b2b digital music solutions provider, 7digital, that it will be powering a forthcoming hi-res streaming service, HDmusicStream, using MQA technology to deliver studio quality audio."

Which is news already announced, however 7digital partner with MQA (as already mentioned) and also provide services for Pioneer, Onkyo and Warner Music.

Hopefully, many more contracts in this space will flow 7Digital's way, as MQA gains even more momentum.