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Thanks Goodtosee.
I see 2021 as a year of discovery for 7Dig shareholders and potential shareholders.
As we see more figures reported this year we'll realise the huge undervaluation of 7Dig.
What price the leading company that enables the vast social media and at home fitness and other environments use of music ?
It's got to be a lot more than the current £36m.
One other thing - I think the music companies love 7Dig because it acts as a third party auditor. If just say a social media company dealt directly with music companies, they could in theory game the system - say download one track to a 'user' then internally distribute it to real users. Much less likely if 7Dig is compiling the music usage data.
My guess is some of 7Dig's recent wins have been at the insistence of the music companies.
Goodtosee - hopefully we will all be on a beach somewhere living off 7DIG profits haha. I'm hoping for good things from this stock in the long term. GLA
10p a share. That's £10m run rate profit at 27 P/E roughly, so £270m market cap.
I get that by taking 450m daily end music users - Kuaishou (350m) plus 100m others eg Triller.
Each listens to 5 music tracks a day. So 821 bn tracks a year.
The social media or fitness etc company pays 10% of what Spotify pays the music companies for a full track ($0.00325 per listener for Spotify). That's because many of the tracks used are only a few seconds long.
So that's $266m a year paid by 7Dig's customers to music companies. 7 Dig enables the music so it's 'charge' is 10%. So that £18m of revenue a year on costs of £8m equals £10m profit.
All complete guesstimates because 7Dig has yet to release financials giving us a clue but seems reasonable. Maybe a lower percentage but higher streams per social media user every day? People who use TikTok watch over 20 music based videos per day I think.
This doesn't include further clients wins this year eg another big social media client which could double the above if won.
I think Spotify charges about £0.002 per track, therefore based on that to receive £100,000 there will need to be 50,000,0000 streams per month. Happy to be corrected.
Being very conservative here: Lets just say from all contracts, inc Triller, Kuaishou...etc, we have 1 billion active monthly users. all using just 1 7dig track a month with usage fee of 0.01p. Thats and extra £100k income per month. Dont forget there is a fixed monthly fee per contract.
Like i said, this is being conservative. There are more users than this - in my opinion, and what if its 0.05p or 0.1p per track? what if its more than 1 track per user, per month? See where i'm going with this?? extra monthly income could be incredible.
In the region of a billion users world wide
Just a fraction of a penny each week form users we should be in a very good position as a company year end.
Would really like some indication like everyone on some guidance from the Bod on their expectations for year end figures based on all the contracts now
Gla