7digital Share Discussion Threads

[michaelmouse] 22/9/2017 07:41

Hi bloomer2. Yes it's common sense when you look at 7digital's balance sheet, but if they do raise cash then I believe the share price will react like ZOO Digital's if trading for 2018 remains on track. Thanks for that.

BB posters such as pet lover and tiger60 should be ignored since they only post to deceive for their own agenda whatever it may be.

Classic example this morning. Take a look at the PVG thread. Pet lover was spamming the thread and claiming all sorts of nonsense despite glaringly obvious reasons to avoid the shares. Yes the share price was pumped up to ludicrous levels, but reality is catching up quickly now. Where is pet lover I wonder?

Just to clarify, 7digital may or may not require a fund raise, but the future still remains rosy if trading remains on track. We will find out on Tuesday.

Aimho of course.

[bloomer2] 21/9/2017 22:50

Hi michaelmouse

The musically article concurs with your view.



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

[michaelmouse] 21/9/2017 20:10

LOL.

I looked at the register when I was there. Strangely enough I don't remember seeing the name Mr P.Lover on the register.

Funnily enough I didn't register as Mr M Mouse either.

Please stop your lies tara. Time that you came up with another username again now that you've been rumbled.

[pet lover] 21/9/2017 19:42

Less of the pork pies please.

You did not attend the AGM.

I invite anyone to contact the company in the morning and ask who attended.

Then publish it here.

[barnes4] 21/9/2017 19:00

What difference does it make

Results are on tuesday then the reason if any for the dreadful shareprice will be known

What exactly did the article in the Standard say?

[pet lover] 21/9/2017 18:57

Please don't pretend you attended the AGM.

YOU DID NOT

[michaelmouse] 21/9/2017 18:39

pet lover - Which one were you? Did you ask a question?

[michaelmouse] 21/9/2017 18:37

I'm not sure why you're so worried about a placing anyway. It would be a good thing if necessary as I explained in this post:-

"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."

I hope you're correct and we don't need one anyway.

[pet lover] 21/9/2017 18:35

Please no pork pies :

Number of shareholders including the names were recorded.

Their was NOT a handful of investors.

Please contact the company,for the truth.

[michaelmouse] 21/9/2017 18:34

Absolute b*ll*x. Which one were you then? Just answer the question.

[pet lover] 21/9/2017 18:33

I asked at the AGM

Is another placing required.:

From the FD. "No if you look at the recent announcement you will see cash is being paid upfront.

[michaelmouse] 21/9/2017 18:32

pet lover you weren't at the AGM. There were only a handful of us and I introduced myself to everybody.

[michaelmouse] 21/9/2017 18:30

pet lover it doesn't say anything about not needing any more cash does it? I just says it'll get some upfront cash which will strengthen the balance sheet.

[pet lover] 21/9/2017 18:29

Now a few less pork pies please.

[pet lover] 21/9/2017 18:28

At the AGM we were told cash was being paid up front and no placing was required

[michaelmouse] 21/9/2017 18:28

Where's the reference then tiger?

[pet lover] 21/9/2017 18:27

As requested.

As part of the Acquisition, MMS will become one of 7digital's largest customers with a range of existing and new services and will also become its largest shareholder. Three year contracts totalling GBP11m have been agreed for existing services. A new contract to the value of GBP6m over its lifetime, including an initial set up fee of GBP1.4m, has also been agreed with MMS to develop several new digital music services. Under the terms of the Acquisition, a proportion of these revenues are expected to be paid to 7digital within 14 days of completion, further strengthening the Company's balance sheet.

[michaelmouse] 21/9/2017 18:27

LOL. Yes I did. I asked a question about musical.ly which was greeted with gales of laughter. You can't miss me. The mouse name is ironic.

[tiger60] 21/9/2017 18:26

I dint lie. I said i read it.

[pet lover] 21/9/2017 18:24

I attended the AGM you did not..!!

[michaelmouse] 21/9/2017 18:23

Which RNS?

I was at the meeting amongst very few people. Which one were you?

[pet lover] 21/9/2017 18:20

We were told cash was being paid upfront for new services.

In fact it's in one of the RNS statements.

No extra funding required is what we were told and it came from the FD

[michaelmouse] 21/9/2017 18:17

I wouldn't waste your time trying to find a reference tiger. There wasn't one.

Steady with those lies tiger ;).