7digital Share Discussion Threads

[michaelmouse] 06/12/2017 09:47

With profitability and positive cashflow already penciled in for 2018 then any major contract announcement with one of the "big boys" and the share price with go bananas!!!

How about that for a ramp? Almost certainly true though.

[lord gnome] 06/12/2017 09:46

I'm giving up. I will never chase the price. I opened a spreadbet instead and got a better price before it was marked up on the offer. This might just prove interesting.

[michaelmouse] 06/12/2017 09:38

As if by magic a mere 30,000 shares have had to be purchased above the offer at 5.65p.

[michaelmouse] 06/12/2017 09:34

It wouldn't make sense to sell now unless investors are in for a quick turn or desperately need the cash. Feels and sounds like an inflection/turning point for the company now with the funding secured.

Nothing goes up in a straight line but over the next few months (assuming no nasty surprises) then I'd anticipate the share price could multi-bag in a similar way to Zoo digital.

I'd imagine that new investors will have to stump up at higher prices if they wish to buy any significant size.

Aimho of course.

[lord gnome] 06/12/2017 09:15

Still trying to get filled. Limit price now up to full offer at 5.25p and still I get no taker. No stock available online. This has been shut down by the market.

[barnetpeter] 05/12/2017 14:48

bid made? Share p reported a bid for an aim company and that it was up 10 per cent yesterday on decent buying. No names yet.

7 dig was up that amount yesterday and easy to sell, tough to buy today. Long shot but not many fit the bill.

[michaelmouse] 05/12/2017 14:01

Exciting times now with a healthy balance sheet, positive cashflow and profitability on the horizon and the "uncertainty" regarding funding removed.

[michaelmouse] 05/12/2017 13:57

"Note, in the third quarter of this year (WMG’s fiscal Q4) $371m of streaming revenues accounted for 48.4% of the label group’s turnover, meaning we’re nearing another tipping point: where streaming becomes the majority of its revenues."

There should be a multitude of opportunities for 7digital as the "tipping point" for streaming is reached across the industry, and large organizations use 7digital's services to provide their own streaming offering.

[lagansider] 05/12/2017 08:52

It wasn't me buying the 500k either. Though I'm pleased both by that and the Placing being heavily over-subscribed. The Institutions buying in would no doubt not have done so unless they felt or had received some sort of guidance that there was positive news flow ahead. I also feel that now the financial uncertainty is out of the way, 7DIG can focus on developing the business going forward and attracting quality clients/contracts. As had been mentioned elsewhere, there may be potential deals in the pipeline where clients may have been concerned re financial strength of 7DIG. I'm keen to take up my allocation of options, and may apply for more. GLA.

[lord gnome] 04/12/2017 22:47

Sadly not by me either. Couldn't get filled even at full offer.

[hausofmaus] 04/12/2017 19:04

Nice 500k buy at 5p this afternoon (not by me!)

[lord gnome] 04/12/2017 13:36

Afternoon all. Been trying to buy today, but despite the quote being 4.5 - 5p, I can't get a quote online for less than 5.44p. My limit order is currently unfilled.
Cheeky request, but could anyone here with Level2 please give me a snap shot? Thanks in advance.

[monte1] 04/12/2017 08:01

LOL 😂

[dave4545] 04/12/2017 07:55

monte14 Dec '17 - 07:36 - 2980 of 2980 0 0 (Filtered)

[bloomer2] 03/12/2017 21:14

michaelmouse you don't seriously believe that 7Digital would have been profitable in 2017 if they had not acquired 24/7. I think from 1st half figures, it is pretty clear they would not have been (assuming that a miracle does not occur in the 2nd half). I'm not even clear that they will be profitable in 2018. Edison revenue figures look overly optimistic to me. Of course, I'd be happy to be proven wrong!

[michaelmouse] 03/12/2017 15:31

Excellent post chezt.

[chezt] 03/12/2017 15:28

In my view the recent share price slide has been due to expectation of a cash call. Logically with 2018 being a year where 7dig ought to be generating a profit, I was expecting to see the opposite – a gradual rise in share price With increased demand and extra contracts I was indeed, surprised that the share price was not heading north.

Now with an over subscribed case raise confirmed and I suspect an over subscribed demand for shares in the open offer to share holders I would expect the share price to jump. With this out the way it should mean its all upside for the share price now.

The company is in a very dominant position, its the go to company for anyone wanting to offer streaming services - if fact its the only provider of any note in Europe. It would be difficult for a competitor to come up with an offering that meets their level of service. One of the major attractions to using their services and a key differentiator is their experience and ability in providing the tailored front end sware. Many of the reviews of 7digital give glowing reports in this respect. With growth in streaming rising rapidly, its a market that is only getting bigger and is likely to see huge growth in provision of these services. Aimho and dyor of course.

[tiger60] 03/12/2017 14:57

I have no choice but to apply. But for what is basically a 1:15 offer it is a token gesture at best set against the percentage dilution.

[michaelmouse] 03/12/2017 12:51

Steady tiger! They did achieve profitability at the end of 2016 as promised:-



"The second half of our financial year 2016 was always an important time for 7digital and I am pleased that we delivered on our commitment to reach operating profit by the year end and continued to make good progress in line with our stated strategy. The New Year has started well and we remain confident that the Group will be profitable at the operating level for the full year 2017."

The only reason that they won't be profitable this year (end December) is that they've acquired their only remaining competitor in Europe. However, it's all eyes on next year now and the heavily oversubscribed placing suggests that the story is compelling.

I thought you'd be more up to date with affairs being a shareholder and all that? ;)

Just in case you missed it btw, you'll be able to apply for your open offer shares at 4p. I'm sure you'll be applying for your full entitlement?

[tiger60] 03/12/2017 11:17

They are the same set of results that sc promised profitability in 2016!

[michaelmouse] 01/12/2017 17:08

For the uninitiated 7digital acquired 24/7 and imo this gives them a quasi-monopoly.

[michaelmouse] 01/12/2017 17:07

Chairman's statement:-

"Our unmatched combination of market leading technology, broad music rights and deep industry relationships can create significant barriers to entry for others in the sector."

and of course 24/7 was the last remaining significant competitor in Europe.

Hope that answers your question PJ 1. 7digital have the trust and terrific working relationships with all the major labels. It's not just the rights to their catalogues, but they are also undertaking projects for them.