7digital Share Discussion Threads

[deltalo] 02/5/2019 18:32

Yeah he's that ,but this is where we are now. This is not a shell thou as they own a working platform and gaining new business . Two in march with Dubset and access. Looking a lot better than we did yesterday. Gl.

[barnetpeter] 02/5/2019 18:25

Yes...the new management might be able to sort something. It will not be easy but this is a fair first step to that. They deserve a bit of credit. If this new lot can raise a couple of million from other sales the position will be much easier.

Of course this is not going to be easy but here we are at 0.2 this morning to 0.3p and not the 7p of the past so this is very much punting money only. The company is just a shell now and all the real money.....the £15 million raised....that's all long gone.

Still, the former CEO left the company "in great shape". So he said and we should thank him for his wonderful achievement of losing up to 97% of the value of the company so quickly and blowing so much cash in a year and leaving the company in such debt.

This takes real talent you know. Anyone can make money....just stick the 15 Million in the money markets. But this guy.....not only did he lose the lot and more but then he took a bow on the way out of the door.

[deltalo] 02/5/2019 18:22

This was priced to go under, or be diluted and now with its sale of its Denmark assets to TDC it looks like it's been saved. This dropped from 1.2 p to 0.2 in a month on the threat of dilution or worse so I'm expecting a massive rise in so tomorrow back over 1p. The new bods are turning this company around now for the better and selling off an asset that's losing money is a step in the right direction. 1.2 m mkcap is now looking a steal. Big day coming tomorrow. Might even show the rns in ADVFN tomorrow.

[ruedolf] 02/5/2019 18:20

"8 October 2018

Shareholder Funding and Consolidation

The funds provided will be used for working capital and consolidation costs as the Company continues to move to operating profit and positive cash flow."

The company was on verge of making a profit before the loss of media market contract. That contract was worth about 4million in sales a year probably at an operating profit say 50% or 2m a year. With the savings now of 1.6m a year plus staff reductions on the media market subsidiary the rest of the company must be at or close to profit.

[ruedolf] 02/5/2019 17:54

Big news today received 1 millon euro which should get them over the tempory cashflow slump and ease their funding concerns but more importantly getting rid of the loss making subsidiary will save them 1.6m a year and combined with the other savings over the last few months should put the company close to or at profitability. they are in a stronger position now than they were last month when the share price was over 1p.

[pilkersa] 02/5/2019 17:50

Thought 325 was due?

[tomboyb] 02/5/2019 17:33

It is good news -

Will keep lights on -

Tomorrow a 500k loan note is due as well -

So it'll be interesting to see how that pans out -

[chinese investor] 02/5/2019 16:51

My Share For 2019 !

[michaelmouse] 02/5/2019 16:49

#4840 LOL.

It'll be interesting to see if Aalbers can keep 7digital afloat, but he's already said twice that additional funding is needed before June to keep the lights on, and even if they get it, existing shareholders will be virtually wiped out.

This sale gives immediate funds of 1m Euros and might provide a short stay of execution, but an earlier payment of 4m Euros just before Aalbers released his "we're in trouble RNS" clearly didn't cut the muster.

Possibly worth watching again if they can get a fund raise away, but you'd be certifiable to buy now imo!!

Having said that it'll probably 10 bag now given my previous history with this company :)

[barnetpeter] 02/5/2019 16:29

yes..looking like my small punt a couple of weeks ago is going to pay off.

Not sure I would chase this too high as sellers are piling out ....20 grand in sells in the last 5 mins....but a million quid will keep the lights on.

[tomboyb] 02/5/2019 16:24

up 79% so far -

I reckon we could be looking 0.40p if buying continues -

[babbler] 02/5/2019 16:20

1 mil sale mcap is that lol.

[sigora] 02/5/2019 16:20

most havnt seen rns, what is it with these 4pm rns most peeps have logged of by now

[tomboyb] 02/5/2019 16:13

Lots of MXO monies sloshing around -

Its the way it is -

[chinese investor] 02/5/2019 16:12

Great RNS !

[cbh123] 02/5/2019 16:10

yes had a small nibble too

[sigora] 02/5/2019 16:10

looks good

[tomboyb] 02/5/2019 16:09

RNS out -

Trade for me!

[newtothisgame3] 01/5/2019 14:59

Easy Come, Easy Go: How 7digital Group (LON:7DIG) Shareholders Torched 97% Of Their Cash
Simply Wall St May 1, 2019

[herb clark] 30/4/2019 13:46

Sudden rise in bid??