7digital Share Discussion Threads

[monte1] 05/3/2019 09:27

File it under ‘lessons learnt’ matey. If it walks like a duck, and is listed on AIM..........

[monte1] 05/3/2019 08:23

Good morning toby hall, good morning Ochs.

[ochs] 05/3/2019 07:58

Why ban shorting? It's a great way of highlighting badly managed or poorly performing companies, plus if you get it right you make some money. Also why would you only ban shorting of AIM stocks?

[toby hall] 05/3/2019 07:50

Thanks D65. I don't see the four stooges, rushing to sign up.
But I will of course

[diplomat65] 05/3/2019 07:37

Sorry to go off-topic but there is a fresh petition to ban shorting of London AIM stocks (started a few hours ago). It only takes a few seconds to sign and needs a minimum of 10,000 signatures to get noticed, so please pass it on to any other interested parties.hTTps://petition.parliament.uk/petitions/242399Thanks

[ochs] 04/3/2019 11:45

Good morning toby... thought you were out now?

[monte1] 04/3/2019 11:40

Good morning toby hall.

[toby hall] 04/3/2019 11:34

All quiet again.
The four stooges have stopped their yap, they haven't got a clue really.
Let's just wait.

[bean02] 01/3/2019 12:28

1.68 ask again

[monte1] 01/3/2019 10:14

#stockholmsyndrome

[dickiebird2] 01/3/2019 10:13

Hope your right mich

[michaelmouse] 01/3/2019 10:07

Ochs - You're quite right I'm a fan of the stock and would have been sitting pretty if the juke/MMS contract had gone well. Through no fault of SC's, MMS changed their management team after poor results and clearly had a change of direction. That's not SC's fault. It was bad luck. I'm sure he was more concerned about the change of events than anyone.

7digital is a small company that has entered fresh territory. It has risks. One was the significant revenues from a single client. However, they've survived and have the chance to grow from here with no debt encumbering them and a more diverse client base.

I like the company. I know the risks but also the potential rewards. If they get back on track following the juke setback (resolved this morning) then I'm confident that the share price will be many multiples of where it is now.

[rp19] 01/3/2019 09:56

The major CES annual trade show was held in January, not heard of any contracts coming out of that.

[monte1] 01/3/2019 09:52

#4515

😂

[ochs] 01/3/2019 09:52

michaelmouse... if memory serves me right you've been a fan of this stock since about 7p a few years ago. You must have lost a decent amount of money (at least a paper loss) and averaged down a few times by now. At this stage I'm surprised to still hear you singing SC's praises. He's messed up numerous times and made many false promises about profitability and meanwhile destroyed any hope of shareholder value.

Now that this episode is cleared and the settlement money is in don't you think this would be a great time for a clean break with the past and getting a new CEO in, so that the company can really try and grow a successful business? How long does SC really need to get this right!

[michaelmouse] 01/3/2019 09:48

post 4512 - I'd guess that SC will now significantly reduce their cost base since they now have the funds to do so. They're still winning contracts and can continue growth with much reduced outgoings and no debt. This mornings news is excellent since 7digital was priced to go bust. Any imminent danger has gone and with any luck they can start thinking about cashflow positivity and profits once the costs are reduced.

7digital still has the potential to be a great growth story.

[monte1] 01/3/2019 09:42

No need for an argument kcr69 - after all, it is only a freebb.

Net cash inflow afaics is €3.5m less any costs associated with the settlement.

[kcr69] 01/3/2019 09:35

Re #4511 The cash injection may be roughly £3.4m but there is also the £250k (plus interest on £750k) that forms part of the settlement so circa £3.7m for the sake of argument?

[dickiebird2] 01/3/2019 09:33

We need to win new contracts been in this for a very long time Lets see what SC does now ????

[ochs] 01/3/2019 09:29

Remember also that the settlement is €4M (Euros) so not quite as good as some are saying, it's roughly £3.43M.

[michaelmouse] 01/3/2019 09:23

Slight correction to post 4507. After paying off the debt then they'll have about £3m in the coffers. Market cap. yesterday was around £3.88m. With no debt or immediate cash worries they can concentrate on their growth going forward again, particularly when they have further reduced their cost base. Getting quite excited for the medium and long term again. Well done SC and the team!!

[kcr69] 01/3/2019 09:17

Re #4505. The obvious unknown however is has the £4m ongoing void created by the loss of MMS already been filled or even surpassed? Unless you are inside it is something no one knows as of today and will only come out in the fullness of time (next few months?)

It would appear however that overheads will be trimmed as a result, with the further unknown of what cost will be associated to such activity.

On balance of risk and given the unknowns aligned to the injection of up front capital, I see todays news as no worse than neutral but with balance to the upside.

I guess time will also disclose the source of the lovers tiff and eventual divorce between the previously seemingly very happy couple.