7digital Share Discussion Threads

[monte1] 28/9/2018 13:08

This is a disingenuous POS.

Compare the numbers to H2 17.

No mention of losses in any of the foregoing statements to the results

[barnetpeter] 28/9/2018 11:02

2.6 million loss. The headline figures are good but the company cannot sustain this type of loss for much longer.

[michaelmouse] 27/9/2018 19:13

"The deal will see 7digital provide UMG with the ability to enhance and create playlists for all their partners. This could reportedly generate $500,000 for the music tech firm in the first 12 months, according to information from 7digital."

[michaelmouse] 27/9/2018 13:31

FYI i.am+ is a 7digital client.

[officiallyrob] 27/9/2018 10:25

What have you heard cloudwars? I haven't seen any links to OnePlus.

[cloudwars] 26/9/2018 19:12

Are 7dig about to announce a partnership with OnePlus?

[tiger60] 26/9/2018 17:41

It gets better...depressing times.

I think my time on this board is coming to an end. I am sure to the relief of many. Nothing left to say. The resilence of shareholders should be seen as a worthy quality. However, it seems to be seen by management as an excuse to act with impunity. Holding and hoping but now as a silent one. Good luck

[kershaw1] 26/9/2018 17:20

I am Ed Kershaw, ex CCO of 7digital.
I have asked 'username_not_available' to remove their post, as it is a complete lie. The conversation never happened with him/her, or with anyone else, and everything in the post is entirely made up.
Thank you.

[saul goodman] 26/9/2018 12:58

I take it michaelmouse and his entourage of secondary avatars have gone out today?

[barnetpeter] 26/9/2018 00:14

Not holding here at the moment having sold the rest of my holding on the recent spike. Had 20K invested in these at one stage so watching carefully.

I hope they have not blown all that placing cash on rushing around trying for loss making contracts.

[barnetpeter] 26/9/2018 00:09

Shareprophets are not impressed:


Previously writing on self-styled “global leader in B2B digital music solutions” 7digital Group (7DIG) last month, I questioned Triller contract win, ramptastic? Now “Universal Music Group Contract Wins”…

... “pleased to announce it has entered into agreements with Universal Music Group to provide partner services across three of UMG's separate digital music products. The global agreements each cover a multi-year term and will contribute to 7digital revenues in 2018 and beyond”. “Universal Music”, “global agreements”, “multi-year term” and ‘contributing from 2018’ all sound impressive, but what do they mean in financial reality?

… “Simon Cole, CEO of 7digital, commented: ‘We are delighted to be announcing agreements with the world leader in music-based entertainment, Universal Music Group, since each contract focuses on UMG initiatives that enable deeper engagement between artists and their fans, and leverage a range of revenue streams within digital music.’” Yep, “world leader”, “range of revenue streams”, “digital music”. What about actual financials though?

Er… that’s it for the announcement! Half-year results though are due this week – after the shares were suspended for all of July and half of August as, for the 2017 results, “in the course of the audit, certain deficiencies in our preparation were brought to the attention of the board”.

That eventual results announcement argued “we have put a difficult situation behind us in the publication of these results” and “7digital has a strong pipeline and is enjoying increasing momentum, and the board remains committed to being profitable at PBT level during the second half of 2018”. However, it also included “believe we are in a very healthy position to continue our growth, as reflected in the figures” - the figures having showed significant cash burn and a narrow working capital position though.

As such, I await results with interest while currently continuing to avoid the shares. Indeed, following also CyanConnode earlier, AIM-listed companies which claim ‘global’/‘world’ leader an automatic bargepole / sell?

[saul goodman] 25/9/2018 16:45

What desperate fayre.

[michaelmouse] 25/9/2018 16:24

I think the thing to consider with 7digital is that it should reach annual revenues around the £20m mark in 2018. Anything above that and operational gearing will kick in. In other words profitability will grow exponentially if they continue to build on these revenues.

A major contract or two announced "out the blue" would wake up the markets and a major re-rate would be due.

To repeat though, let's see what Friday brings.

[tiger60] 25/9/2018 16:12

Looks like he is on the beers based on the photo, no champagne,,,who knows

[michaelmouse] 25/9/2018 16:03

Well Pete Downton has just tweeted:-

Team @7digital in China (wink face) #excitingtimes

Let's see what Friday brings.

[monte1] 25/9/2018 15:44

Either way, we can all party like it’s 1999.

[tiger60] 25/9/2018 15:42

Great news by Friday we will all be rich....well maybe not

[monte1] 25/9/2018 14:38

LOL 😂

[saul goodman] 25/9/2018 14:36

Good afternoon, Clive.

[username_not_available] 25/9/2018 14:32

Long term holder, long term reader but never posted before.

I've just been sat with Ed Kershaw (former 7Digital CCO) on the tube for 15 minutes. He obviously didn't go in to detail but he said he still has a significant financial interest in the company and speaks to Simon and Paul (I'm assuming Cole and Langworthy) on a regular basis. Most interestingly he said there will be some very uplifting news to come out of the AGM this week and that while no-one can put their finger on where the corner is, 7Digital are on the verge of turning the corner to a far rosier future. Apparently Pete (Downton) is on his way to Hong Kong this week to discuss 'ongoing technology advances' to help with the new user experiences that underlie the key strategies of the company.

All information to be taken with a pinch of salt.

[monte1] 25/9/2018 10:29

Bloody great stuff.

Freebb democracy in action.

[tiger60] 25/9/2018 10:26

Disagree with that completely

[monte1] 25/9/2018 10:11

tbf, the current share price does not form part of my considered appraisal - it has more red flags than a Kremlin souvenir shop. As we all know, AIM hosts many POS’s where the share price confers unrealistic valuations on non existent future prospects. Similarly, there is the (very) occasional nugget that proves the corollary.
This dud is fully valued imco - even at this lowly price.

[tiger60] 25/9/2018 09:48

at the moment the share price supports your opinion