7digital Share Discussion Threads

[tiger60] 16/3/2017 13:06

Buy at 7.25/sell at 7.29!!! Can get 100,000 at 7.25 quoted price 7.38

Looks like will fall again. Frustrating structure

[pet lover] 14/3/2017 11:29

"However, I remain cognisant that, self-admittedly, “the timeline required to close sales contracts and the order value of individual sales continues to vary considerably, which constrain the ability to accurately predict revenue performance” - and such visibility in conjunction with cash generation ability still to be proven sees me currently continue to avoid."

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The reason I am an investor is that I believe MQA and Worldwide Radioplayer will bring in a great many orders in the next 18 months.

Since the company is now in profit it does not require much to achieve revenue growth, the reason the broker thinks its 12P target has scope to be lifted.

Has the writer done any research on these two new streaming music formats.?
Has the writer noted the 3 massive record labels are all customers?
Has the writer picked up on the size of the B2B streaming music market and the lack of competition?

[tiger60] 14/3/2017 11:26

Not a glowing review but as I stated it shares my concern over the visibility of revenue.

[pet lover] 14/3/2017 10:58

7digital – completion of share placing, broker updates
By Steve Moore | Monday 13 March 2017.

Following its 2016 results, digital music and radio services group 7digital (7DIG) has successfully placed 34,769,239 new shares at 6.5p to raise a gross approximately £2.26 million and house broker, finnCap, has updated on the company's manoeuvrings.

The placing is part of a noted £3 million fundraising – a £0.75 million open offer also proposed – following the 2016 results showing swings to net debt, net current and current asset to total liabilities deficit positions (of £0.7 million, £2.3 million and £3.8 million respectively).

The results statement emphasised that “the board remains committed to being profitable at the operating level for the full year in 2017” - which saw me ask what about capex? And, as implied, a free cash outflow is still anticipated - finnCap forecasting -£0.6 million.

The broker has an adjusted pre-tax profit of £1.2 million and free cash flow of +£0.7 million pencilled in for 2018 and a 12p share price target – with, it argues, “significant scope for raising this target in due course given the business’s growth potential and room for operational leverage”.

However, I remain cognisant that, self-admittedly, “the timeline required to close sales contracts and the order value of individual sales continues to vary considerably, which constrain the ability to accurately predict revenue performance” - and such visibility in conjunction with cash generation ability still to be proven sees me currently continue to avoid.

- See more at:

[dickiebird2] 14/3/2017 09:52

Well I am taking my 30,000 GLA

[pet lover] 14/3/2017 09:17

You should get them all Ash.

Most p I 's will not get into gear.

[ashtree2] 14/3/2017 09:15

My wife and I will be taking our full allowance of shares ,plus have asked for another 50,000 if available.

[pet lover] 14/3/2017 08:41

New MQA HI RES service launch in the first 1/4.

That's within the next two and a bit weeks then.

[pet lover] 14/3/2017 08:23

Buys over the offer .

[1bonanza] 14/3/2017 08:09

Thanks Pet

[pet lover] 14/3/2017 08:07

Make sure you have cash in your account.

Then wait for your broker to get up to speed and ring him next Monday.

[1bonanza] 14/3/2017 07:42

How do we take up the 6.5 offer ? in terms of making the trade.

[pet lover] 14/3/2017 05:52

“Homescreen-worthy apps like Spotify that are sustainably used daily, let alone hourly, are nearly impossible to create,” he added. Greenfield sees the potential for Spotify to become a platform where other companies can push add-on services, much the way Amazon.com allows users to buy subscriptions to Showtime and HBO through Prime Video.


This chap is saying exactly the same as 7Dig'S Simon Cole.

Namely: Streaming music will be used by thousands of companies to sell products.

B2B.

[pet lover] 14/3/2017 05:38

Deezer is an Internet-based music streaming service. It allows users to listen to music content from record labels including EMI, Sony, Universal Music Group, and Warner Music Group on various devices online or offline. Created in Paris, France, Deezer currently has 40 million licensed tracks[4] in its library, over 30,000 radio channels, 16 million monthly active users, and 6million paid subscribers as of 29 Jan 2017[5] The service is available for Web, Android, Kindle Fire HDX, OS X, BlackBerry, iOS, Windows Phone and Symbian.


IMHO we are looking at a first class growth opportunity here with new licensing margins running at 90% and recurring revenues to boot.

[hausofmaus] 13/3/2017 21:20

Looks like FNAC, who we inherited as a customer with Snowite purchase, have chosen to promote Deezer in future via a strategic alliance..."Music streaming: Deezer and FNAC join forces in France"HTTPS://twitter.com/morvan/status/841361875640160258

[che7win] 13/3/2017 17:20

Yep, I have taken up the offer today.

[pet lover] 13/3/2017 16:13

Its under the first placing RNS AT 7AM last Friday, read down the page.

[tiger60] 13/3/2017 15:51

Well barclays hadnt got the info yet...when is the closing date?

[pet lover] 13/3/2017 15:48

Open now 1 for 10 and you can ask for me as most investors will not get up to speed.

£750,000 worth to go round.

[tiger60] 13/3/2017 15:43

Has anyone the details of the open offer in terms of % of holdings and time lines?thsnks

[chickenrun1] 13/3/2017 13:59

Good buying today/

7DIg lost 2.87p in 2H and 1.66p in 2H. On that momentum a loss of 0.45p in 1H this year and earning of 0.7p in H2, making 0.25p eps for the year

But momentum is picking up. That makes the 0.15p eps look conservative.

I would say 0.5p looks well achievable, a PE of around 15 for what would be a fantastic growth rate.

AGM next month.

[ashtree2] 13/3/2017 10:15

excellent presentation by simon cole

[tiger60] 13/3/2017 09:41

video was very good. Sounded very creditable.

[pet lover] 13/3/2017 09:40

Undervalued based on future growth by a factor of 5 to 50 times.

The blocks are in place and this week for the first time it's out in the open.