7digital Share Discussion Threads

[loobrush] 18/1/2017 15:32

Yes drop unexpected on the great results as traders exit,however the basic facts are that the company is doing very well.
I have seen this sort of short term reaction before and very often, after a few days ,maybe a week, the price goes up again and even higher. I think this is because institutions ,who are the biggest buyers take a little time to assess the info and then make a decision to buy.
I think within two weeks share price will be much higher than today. In fact you could well argue that now is the time to buy.

[lukead] 18/1/2017 15:21

Yes, a mighty drop here since the figures, a very disappointing performance, oh well, time for a cup of tea

[michaelmouse] 18/1/2017 15:18

I'm mildly surprised by the size of the pull back, but it's par for the course with micro-caps.

One of two scenarios I'd guess.

1) After such a stellar rise leading to the trading update then short term traders will have taken profits. The current price (around 7p) looks like support before the next big leg up in the share price.

2) It's not impossible that now they have confirmed that things have panned out as they said they would then a modest placing has been agreed at around these levels to ensure balance sheet strength.

Either scenario is fine with me. I expect to see the share price sprint ahead this year quite dramatically if they continue to deliver.

Nothing's changed since yesterday and that trading update was excellent and better than I'd imagined.

Anyway each to their own.

[folderboy] 18/1/2017 15:15

There does seem to be a steady stream of buys - and 200k is, for 7DIG, not insignificant - but no hint of upward price movement. Odd.

[pet lover] 18/1/2017 15:04

" 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services."

[pet lover] 18/1/2017 15:01

7Digital, MQA, SONY, UNIVERSAL, AND WARNER.

Market cap of £8M

Just because the past has been poor don't write off the future.

A new world of Hi Res digital music will be announced and delivered in the next 12 months.

[sweenoid] 18/1/2017 14:49

well I was well wrong her except commenting onb the obvious leak :-(

this stock is just not liked, has little popular or institutional support. I like Simon Cole but its obvious a lot dont!

oh well, bottom draw and all that and hope for deliverance ;-)
S

[folderboy] 18/1/2017 14:37

Mostly buys this afternoon? Would like to think so but will believe it if the share price rises.

[pet lover] 18/1/2017 14:34

All I can see this afternoon are buys going through the market.

[smithie6] 18/1/2017 10:37

"Pot Lover" 😂😂😂😂


-----

..ouch...9p ..back to 7p...fast !

At least you can ring Investec up, mention 26p broker target & they'll pay you back your losses ! ;-)

(Or maybe not !)

[smithie6] 18/1/2017 09:32

Guvera
Article says 81$M loss on 1$M turnover


Remember how the 7DIG trumpeted getting the contract with them !!

I keep saying forked tongue but no one here believes me.

[smithie6] 18/1/2017 09:29

Interesting

But !!

Article says it closed it offices and removed its app

2014-5.
81$M loss on 1$M turnover !

& workers didnt get their redundancy money

If the co. does wind up then priority to creditors....workers near top of the list...

81$M loss on 1$M turnover....difficult to see how such a disaster will pay its debts..especially if closed its offices & its app..
...maybe Petlover & friends could bail 'em out....they lurv loss makers & non-performers !!

[pet lover] 18/1/2017 07:17

7Dig wrote off £800,000 last year, looks like some or all might be collected.

[pet lover] 17/1/2017 19:03

PLAYSTER GROWTH PLANS THIS YEAR.

7Dig run the music service.


Hasbro content is part of Playster’s big growth plans
"We're hoping folks are willing to work with players like us, and not just focus on the big three SVODs," says Playster's content boss on ramping up its content offerings.
By Elizabeth FosterJanuary 17, 2017
On-demand entertainment streaming service Playster is expanding its kids offerings in a new agreement with Hasbro Studios that includes animated and live-action series like Transformers Animated, Kaijudo, Clue and various G.I. Joe titles. Aimed at kids ages three to 12, the new content is part of Playster’s plans to skew younger and expand globally.

“A big part of our focus in the year ahead is improving our overall film and TV offering, but a large part of that will be directed towards improving our kids slate specifically,” says Gem Benedict, Playster’s head of content. “A sizeable segment of our subscribers are female and usually have children. Because of that, we have a focus on better serving those users.”

Playster provides unlimited access to music, eBooks, audio books, comics, TV shows, movies and games for a monthly subscription rate ranging from US$3.95 to US$24.95 per month.

The service can be accessed through iOS and Android apps, as well as any web browser, and Playster plans to significantly expand its distributionin 2017.

“We want to be everywhere, and so the plan is for our users and partners to expect us on all major connected devices and smart TVs by the end of this year,” says Benedict.

Because the streaming service has a particularly strong selection of eBooks and audio books, Benedict says there is a focus on finding cross-platform content.

“It makes sense to us to go after IP that has different forms of entertainment across media,” she says. “If you’re a mom playing around on your tablet with your kid, we want a character you love to also be represented across our service so you can stay within Playster.”

Geographically, Playster will continue to expand in North America, Scandinavia and Western Europe, where its strongest subscriber bases reside. The service also hopes to provide more localized content, as it already offers eBooks and audio books in a number of languages.

[smithie6] 17/1/2017 16:27

Petlover 1415
Op. Profit

On AIM it's defined as excluding all possible costs that the dirs. can possibly exclude !!

Deprecn, amort, interest, dirs pay, dirs pensions, audit cost, share options, al infinitum....

But

Many of these things are real costs...real money....
& EPS is plc EPS after all these costs.

Take Orchid Grp.....the dirs put the co. into administration 'cause they hadnt been paid their wages !!...& imo they owned the bits as a result.
----

Payables
Was 6.7M
I assume the situation of current assets has got worse...

...a creditor can issue a winding up order if they want if they dont get paid on time....but I think co. will do a cash raise to avoid/minimise that risk...
...& maybe record owners will accept not to be paid on time..or will they...

[smithie6] 17/1/2017 16:21

..."fantastic result" !!

You phps drinking too much !!

7% yearly turnover increase

It is now where near enough.....and as a result the co. declares
- it was loss making in Q4, incl Xmas music sales
- it targets to be loss making in 2017

(Get yr wallet ready for cash raise, 4p, 5p ?....or to big hldrs only....who then might sell at 6p, 7p to get their cash back holding down any possibility of rise)

Enjoy !

(Down for rest of the wk imho)

[pet lover] 17/1/2017 16:12

What has gone on between the first and second half of 2016 to produce this fantastic result.

1/ turnover has jumped 20%
2/ margins have improved and costs have been cut.

[pet lover] 17/1/2017 16:07

SMITHIE6

How has the new year started.?

[pet lover] 17/1/2017 16:06

SMITHIE6

What's the revenue growth in the second half ?

[smithie6] 17/1/2017 15:44

...7% rev. growth..

Zzzzzz...

So much for the mega growth that Petlover thought was happening.

Op. profit Q4.....so, loss making after add overheads, dirs, audit et al.

2017..target is profitable at op. level....ie. loss making !

730k cash....nett cash situation not revealed..
Why ?
'Cause its bad imo !

Recall payables is the biggest growing thing at 7DIG ! 6.8M in last accnts.

imho needs a cash raise

Each to own but its not for me.

[loobrush] 17/1/2017 14:24

Its early days yet and still under the radar of most investors. Once the info is digested and the details more widely published the share price will react accordingly. A little bit of patience is required.

[pet lover] 17/1/2017 14:21

From the above and other recent news.

7Dig is the only B2B streaming and licensing partner listed on the MQA web portal.

7Dig are also working for all the big 3 record labels

By spring 2017 MQA have predicted that most if not all of the record labels back labels catalogs we be converted to MQA.

The music labels will then be back in charge at the top of the pile.

Apple, Spotify and others offering the £9.99 subscription to poor quality streaming music might come a cropper.

7Dig are the enablers. B2B (Not B2C)

[folderboy] 17/1/2017 14:10

Not sure what purpose is served by posting the RNS. I guess it did mean I gave it one more read by still can't find any reason for a 5.4 fall.

[pet lover] 17/1/2017 14:03

Trading statement.


TIDM7DIG

RNS Number : 3021U

7digital Group PLC

17 January 2017

17 January 2017

7digital Group plc

("7digital" or "the Company")

Year end trading update

7digital (AIM:7DIG), the B2B digital music and radio services company, today issues a trading update for the year ended 31 December 2016.

7digital performed well in the second half of the year; the Company delivered against the Board's commitment to achieve profitability by the year-end, and returned an operating profit for the final quarter. Results for the year are in line with market expectations, including a modest gain from the strength of the US dollar. The Board remains committed to being profitable at the operating level for the full year in 2017.

Total Group revenue grew by 7.2% to GBP11.1m, with good growth across all revenue streams. The Group achieved its target of GBP1m of annualised cost savings by the year end.

The cash balance at 31 December 2016 was GBP730,000.

During Q4 2016, 7digital was awarded contracts with a combined value of approximately GBP1.6m, including set up fees and monthly recurring revenues, with growth coming both from new customer wins and from existing customers to whom 7digital is providing additional services. These contracts extend 7digital's customer base and activity in a number of strategically important sectors, such as mobile telco services, radio, high resolution (Hi-Res) and automotive, continuing also to extend the geographic reach of our services. During the final quarter, 7digital also signed a further label development deal so that it is now working with all three of the major record labels as clients.

7digital's market continues to show accelerating growth. BPI, leading British music industry association, announced last week that audio streams served in the UK grew by 68% in 2016 to 45 billion. Likewise, in the US, Nielsen reported streaming 76% year-on-year growth.

The Group continues to make particular progress in Hi-Res audio with its strategy being further validated at the recent Consumer Electronics Show ("CES") in Las Vegas. The record industry and hardware manufacturers - including Sony and Samsung - came together at CES to highlight the benefits of higher quality digital sound. In particular, the MQA streaming technology which 7digital has pioneered received significant attention.

Simon Cole, Chief Executive of 7digital, said:

"The second half of our financial year 2016 was always an important time for 7digital and I am pleased that we delivered on our commitment to reach operating profit by the year end and continued to make good progress in line with our stated strategy. The New Year has started well and we remain confident that the Group will be profitable at the operating level for the full year 2017."

Enquiries:



7digital Group 020 7099 7777
Simon Cole, Chief Executive
Matt Honey, Chief Financial Officer
Holly Ashmore, PR Manager


finnCap (nominated adviser and broker) 020 7220 0500
Geoff Nash / Carl Holmes - Corporate Finance
Malar Velaigam / Mia Gardner - Corporate
Broking


Weber Shandwick (financial PR agency)
Nick Oborne - [e-mail]
Tom Jenkins - TJenkins@ webershandwick.com

About 7digital ( 020 7067 0000
7digital is a B2B digital music and radio services company. The core of its business is the provision of robust and scalable technical infrastructure and extensive global music rights used to create music streaming and radio services for a diverse range of customers - including consumer brands, mobile carriers, broadcasters, automotive systems, record labels and retailers. 7digital also offers radio production and music curation services, editorial strategy and content management expertise.

7digital fosters industry growth and innovation by simplifying access to music for clients such as Onkyo, Fnac, Musical.ly, Global Radio and E.Leclerc. From years of being the largest independent producer of programming for the BBC, launching Radioplayer in multiple territories, and powering services for partners like HMV, Panasonic and ROK Mobile, 7digital is perfectly positioned to lead innovation at the intersection of digital music and next-generation radio services.

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTUNOURBBAAAUR

(END) Dow Jones Newswires

January 17, 2017 02:00 ET (07:00 GMT)