7digital Share Discussion Threads

[saul goodman] 16/8/2018 10:41

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[pvi1] 16/8/2018 10:41

Saul. You've been a very naughty boy. Now cycle home Mum's making your favourite alphabetty spaghetti for din dins

[saul goodman] 16/8/2018 10:27

Oh god, not this nonsense again, surely?

[pvi1] 16/8/2018 10:27

The Triller deal will announced in a separate RNS. They originally planned to release it the day after results but with it being Friday tomorrow it wouldn't surprise me if they leave it until Monday

[monte1] 16/8/2018 10:03

‘very best regards’ Lord Gnome.

I hope this helps.

vbrs

[monte1] 16/8/2018 09:27

I won’t be going near them.

I hope this helps.

vbrs

[officiallyrob] 16/8/2018 09:24

Is anyone topping up as the price drops further?

[tiger60] 16/8/2018 09:20

No that ones in the public domain. So someone else

[melody9999] 16/8/2018 09:10

Wonder if this is the one they could not tell us about!!

hxxps://www.prnewswire.com/news-releases/triller-partners-with-7digital-platform-brings-millions-of-songs-to-music-video-influencers-300693921.html

[sweenoid] 16/8/2018 09:07

It was as good as could be expected, the multiple references to Amazon as a customer are heartening. The previous CFO was obviously out of his depth.

The streaming concept is a winner, there are huge barriers to entry for the blob streaming market, not least the ‘relationship’ with the record companies, whereas 7Digital have a relationship with them all, I will retain my holding.

Simon Cole needs to seriously UP his act , he talks the talk , but has been an ineffective CEO
S

[michaelmouse] 16/8/2018 08:56

Finally from me this morning there are some great little nuggets in the report if you take the time to read it properly:-

"Our sales pipeline supports this: active discussions are ongoing with some of the world's leading retailers."

Ummmm! Sounds interesting. ;)

[parsons4] 16/8/2018 08:54

Just dipped my toe in for the 1st time. Looks like the business is building !!!

[michaelmouse] 16/8/2018 08:45

"Cash and cash flow
At 31 December 2017, the Group had a cash balance of £6,978k (2016: £838k) and saw overall cash inflows in 2017 of £6,498k (2016: £1,737k cash outflow). This included a cash inflow of £127k from operating activities (2016: £1,362k cash outflow), £4,394k cash outflow on investing activities (2016: £349k outflow), and £10,694k cash inflow on financing activities (2016: Nil)."

Also worth noting from the above that there was a cash inflow from operating activities in 2017 (very positive), and this is only likely to improve significantly as revenues ramp up throughout 2018.

[tiger60] 16/8/2018 08:43

edison predicted revenue of 24m for 2018.

As to 2017 you skipped over the LBITDA figure. As to deferred revenue yes it has been moved to 2018. Let's see if they are as quick to note revenue inflated by deferral as they are to recognise as a reason for explaining the lower figure in 2017

The statement that we are aiming to be PBT positive in h2 is also a change

Look I say it as I see it. I would love to see great numbers. I hold shares- let's hope for more news flow on contracts

[michaelmouse] 16/8/2018 08:29

The results are fine and in-line with the guidance they gave. An earlier comment said:-

"Revenue down from guidance in Feb, LBITDA estimated 1m by Edison, reported 1.6m"

The avatar needs to read the accounts more closely. The revenues reported are £16.8m whereas the trading statement said £17.3m. In other words a shortfall of £0.5m. This is simply deferred revenue from the rigorous audit:-

"In 2017, the total paid in setup fees was in fact £2.0m; however, we have deferred £527k of these fees into H1 2018 as we prepare to present future accounts under the new IFRS accounting standard which came into effect in January 2018 standard (see note 1: "accounting policies")."

So no discrepancy at all.

The important thing is that these results are largely irrelevant now since we're 8 months into the new financial year, and the narrative reads very positively.

"What about the line we can operate within our financial facilities with the help of two major shareholders."

7digital have plenty of cash resources but with any SaaS or Paas model they always have to stump up significant cash before the monthly fees start rolling in. One of the major shareholders is a client so no doubt they have an arrangement with 7digital to help with the initial set-up costs.

All looks good to me and we're 8 months in with a significant hike in revenue.

"Momentum continued into H1 2018 with H1 total sales, before full consideration of revenue recognition, up 57% to £9.33m (2017 £5.93m)
· The Directors believe that the further convergence of the acquired businesses in 2018 will lead to operating profit and positive cash flow"

Anyway if you don't like the company then just sell at 8:30 if you wish. Easy!

P.s. I think some juicy contracts may be on the horizon, but who knows eh?

[saul goodman] 16/8/2018 08:13

Oh dear, avatars largely unimpressed, I note.

[balcony] 16/8/2018 08:10

So trading resumes at 8-30 this morning

[dickiebird2] 16/8/2018 08:09

The bloke Cole is a W..ker !!

[tiger60] 16/8/2018 08:07

What happened to profitability in 2018? What about the line we can operate within our financial facilities with the help of two major shareholders.

But the suspended price reflects the company's situation

[officiallyrob] 16/8/2018 08:04

Simon Cole yet again proving he's better at spin than running a company.
Results aren't bad but they're certainly nothing to get excited about.
At least this gets us back on the market to continue the wait for brighter times.

[tiger60] 16/8/2018 07:48

Not good. Monte summed it up. Revenue down from guidance in Feb, LBITDA estimated 1m by Edison, reported 1.6m and a line in there that really is hard to take.

[melody9999] 16/8/2018 07:38

a lot to digest in the results but going forward the future looks bright.

[monte1] 16/8/2018 07:37

Good morning Mike.