7digital Share Discussion Threads

[saul goodman] 07/8/2018 14:46

This thread is certainly no PBB, that is for sure.

vbrs
goatherd

[officiallyrob] 07/8/2018 14:45

Ahhh yeah it's all clear now. You've explained what a free BB is by using the abbreviation PBB. Genius!!

So what's a PBB?

[saul goodman] 07/8/2018 14:11

I trust the Unvalidated offical avatar is satisfied with the responses.

[monte1] 07/8/2018 14:10

I’ll cop for that one - although, tbf, it could have been a Cl€m timing issue.

[saul goodman] 07/8/2018 14:07

I'm not sure who should apologise to whom after that, monte1.

[monte1] 07/8/2018 14:06

#3518 re #3516 see #3517 (post edit)

[saul goodman] 07/8/2018 14:05

#3516

Something that has a slightly less clubby feel than the PBB.

[monte1] 07/8/2018 13:51

It is just like the PBB but without a ‘warm and clubby feel’.

vbrs
(unofficially)monte1

[officiallyrob] 07/8/2018 13:47

Free bb? What's that?

[saul goodman] 07/8/2018 12:47

Hello officiallyrob,

Not at all sir, I never tire of the free bb and the daily value that it provides.

[officiallyrob] 07/8/2018 12:46

If Saul could trade shares in being a miserable wnkr he'd be a rich man by now.
You love a bit of doom & gloom don't you?

[saul goodman] 07/8/2018 11:07

Now that is value.

[monte1] 07/8/2018 11:01

Quite so tiger60.

It will let other avatars get back to playing at freebb Wolf of Wall Street’s outdoing the Sage of Omaha on AIM dog stocks.

[saul goodman] 07/8/2018 10:35

Thanks tiger60.

A bit on witty banter or a C&P of some crazy rampant nonsense posted previously is always a good start imo. What do you reckon?

[tiger60] 07/8/2018 10:30

off you go then

[saul goodman] 07/8/2018 10:29

Hmmmm, perhaps avatars would like to discuss the merits of what constitutes value?

[tiger60] 07/8/2018 10:25

INVESTMENT SUMMARY (6/6/2018)

We should be looking at circa 1m LBITDA for 2017 which was much better than originally forecast even though revenue predicted to be approx 17.3. It looks like cost cutting measures which included shutting the Paris office has fed through If we can move into profit in 2018 then alls well. Personally more interested in contract news as once fixed costs met our high operating margins kick in.

Edison '7digital starts 2018 on a much stronger financial footing: the £8.5m raise strengthens its balance sheet and the 24-7 acquisition last year provides the platform for profitable growth. We expect the deals announced over the course of 2017 to start to convert to revenues during 2018, which, together with the restructuring, provides the basis for our forecast profitability in 2018. Almost half of the current market cap reflects the value of the cash raised, suggesting that the platform and customer relationships are valued at c £12m. We consider the FY18e EV/EBITDA of c 4.0x to be an attractive valuation for a group well-positioned in the rapidly evolving market for music streaming services.

Last updated on 27/07/2018

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 10.4 (2.1) (7.6) (7.1) N/A N/A
2016A 11.9 (3.5) (4.7) (4.1) N/A N/A
2017E 17.3 (1.0) (2.1) (1.3) N/A N/A
2018E 24.9 3.0 2.1 0.5 9.1 70.1

INDUSTRY OUTLOOK

Streaming has revived the music industry and with only 2% of the world’s adult population paying for such services the opportunity remains significant. The market is dominated by a few global platforms; 7digital’s success is predicated on its view that there remains a vast untapped market for music services that will be served by a range of business models. By providing the back-end technology and catalogue to companies that may want to act as alternatives to these major platforms, 7digital is aiming to become the world’s leading end-to-end music services group.'

[saul goodman] 07/8/2018 10:10

Not that the avatar tiger60 cares, but my agenda is purely to pass the time of day, preferably in an enjoyable manner.

[tiger60] 07/8/2018 09:27

For what it worth and I don't really care any more who believes what or what peoples agenda is here, especially non holders

SC today: 'You will get the results this week'

[saul goodman] 07/8/2018 08:14

#3502

Many thanks for your reply.

I am 'new' here, but a look back through the olde free bb archives tells a sorry and familiar tale of avatars (Primary and secondaries) ignoring the sage advice of a 'paid' basher, I note.

[saul goodman] 07/8/2018 08:13

Neverland, more like.

[monte1] 07/8/2018 08:12

#3498

I would say a ‘5’ saul - although the jury is still out on that one.

[monte1] 07/8/2018 08:10

Perhaps he has gone on holiday with the accountant and auditor?

Disneyland I shouldn’t wonder.

[officiallyrob] 07/8/2018 08:06

Nope, no reply as yet.