7digital Share Discussion Threads

[tidy 2] 03/5/2019 08:34

Can sell at the ask price they must want stock

[tidy 2] 03/5/2019 08:32

Correction rerate in progress guys.

[astute person] 03/5/2019 08:27

"I am extremely pleased to put this period of uncertainty behind us. Whilst we would have preferred not to have been in this position, we are very satisfied with the settlement which represents the full value of all future financial commitments by Juke. The immediate injection of cash will allow us to restructure our overhead base and reposition the company for continued growth"

0.5 million of the settlement was used to pay off loan notes much the rest was put towards redundancies and reduction of overheads due to loss of subsidiary which will reduce cost outlay going forward. The remaining business must be close to or in profit going forward.

Much on the current cash crunch came from the 300k bond call up and build of debtors following the uncertainty arising from media market pull out. Now with the receipt of 1 million the debtors will start paying again the working capital will unwind resulting in more cash flows.

[maxk] 03/5/2019 08:26

It's the china effect.

[dorning31187] 03/5/2019 08:25

Why the sudden interest tho?

[tidy 2] 03/5/2019 08:25

1p - 1.3p today imo

[chinese investor] 03/5/2019 08:24

Ding ! Ding ! Hold Tight !

[tidy 2] 03/5/2019 08:21

7DIG a great recovery play. New management with a plan and getting things done

[soup de jour] 03/5/2019 08:21

Music and video chain HMV is on the brink of regaining its crown as the UK’s biggest retailer of CDs and DVDs from Amazon as customers flock to its stores to watch live bands and buy hard copies of music releases and downloads.

7digital provide all the back-end technology, user account and billing systems, plus catalogue management and licensing for HMV.

In addition, the mobile apps feature cutting edge sound and image recognition functionality, simplifying the path to finding and buying music.

7digital enabled HMV to simultaneously launch across five platforms, with plans for international expansion to numerous territories, all within a very tight time frame.

[russell crowe] 03/5/2019 08:19

What do they do?

[letmepass] 03/5/2019 08:14

Big gap to 1.3p

[tidy 2] 03/5/2019 08:13

Gap to fill bags coming.

[chinese investor] 03/5/2019 08:13

Up She Goes !

[tidy 2] 03/5/2019 08:11

Warming up nicely.

[chinese investor] 03/5/2019 08:09

Hopefully Not !

[maxk] 03/5/2019 08:06

Is this the nu LEG?

[chinese investor] 03/5/2019 08:03

GO GO HORSEY !

[pilkersa] 03/5/2019 08:02

Market likes it. 200 percent here we come....

[letmepass] 03/5/2019 07:45

What a load of toss. Great chance to escape before the bottom drops out

[chinese investor] 03/5/2019 07:41

Should be a great day !

[ruedolf] 02/5/2019 18:55

"Simon Cole, CEO, commented:

"I am extremely pleased to put this period of uncertainty behind us. Whilst we would have preferred not to have been in this position, we are very satisfied with the settlement which represents the full value of all future financial commitments by Juke. The immediate injection of cash will allow us to restructure our overhead base and reposition the company for continued growth"

0.5 million of the settlement was used to pay off loan notes much the rest was put towards redundancies and reduction of overheads due to loss of subsidiary which will reduce cost outlay going forward. The remaining business must be close to or in profit going forward.

Much on the current cash crunch came from the 300k bond call up and build of debtors following the uncertainty arising from media market pull out. Now with the receipt of 1 million the debtors will start paying again the working capital will unwind resulting in more cash flows.

[michaelmouse] 02/5/2019 18:44

post #4844 and #4845 - The RNS in October was clearly b#llocks because since the new CEO and CFO have been installed we've had John Aalbers state the following:-



"The negotiations and ultimate loss of MediaMarktSaturn as a customer prior to John's arrival at the Company has diverted management attention and led to disruption within the business during the first quarter as well as having a marked effect on customer sentiment. This has slowed both adoption by new clients and payment by existing debtors."

"the Board's current view is that the business will require material further equity and/or debt funding in the next quarter without which the Company would be unable to continue as a going concern. The Board will assess financing options for the Company however, it is likely that this would entail significant dilution for shareholders."

Bear in mind that not long before Aalbers issued this statement, the company had recently received a 4 million Euro cash settlement. That's a pretty scary thought. The finals for 2018 must look f#cking awful.

For further confirmation we have:-



So the monies received today might just pay off some of the debts that are due.

If gamblers are having a punt then good luck to them, they'll need it in spades!

[barnetpeter] 02/5/2019 18:42

Well.....working platform? I think that is loss making and worth little.

Unlucky? Success? Monte might differ in that view I guess.....

[ruedolf] 02/5/2019 18:38

The last ceo was unlucky ... to be fair the company was flying sales up 52% and on the verge of profit ... before media market pulled the plug .. probably trying to move in on 7digitals success.

A fair chunk of that 15million went into intangable property rights which still holds substantial value of which some was sold today above book value for a healty profit . Book value 800k sale 1300k a profit of 500k above book value.