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I am invested here , few shares left, virgin galactic doing really well thanks I bought in at 17, now 33 so all good there, luckily I sold most of 7 dig at the time to fund that. Can't see this going to 3p though, ppl have said that for the last year and all that's happened is its gone down
Just ask him about how virgin Galactic shares doing...wouldn't surprise me, he's now deramping those because it hasn't gone exactly how he predickted
Itye1970 - You useless de-tamper either invest or FO.
Our Princess is growing more beautiful by the day, it's just a matter of time when a Prince whisks her of her feet
No, I see sp at 3.1p after September results. Then watch this share either be bought out or explode above 5p. It has the basis, concept and contracts pipeline to take this to the next level, with Alibaba, Triller, Google and also continue its partnership with Spotify to bigger and better things!!
Nice work Pete, very positive indeed. '7digital is on track to deliver a full year of positive EBITDA in 2021 for the first time in its history.'
So now we have an arduous wait for the September results! I really hope Paul is right and the share price will indeed 'look after itself.
Would love to see it back to its 2.20p placing price after September results... too ambitious?
Sent from my iPad
On 5 Aug 2021, at 12:01, 7digital Investor Relations <7digitalIR@luther.co.uk> wrote:
?Dear Peter,
Thank you for your questions and your support as a 7digital shareholder. Please find the responses below to your questions.
Let me know if there is anything else I can help with.
Kind regards,
Joe
1. What is 7Dig 1/3/5 year strategy as I cannot find it anywhere on your website or Annual statements.
The Company has not published a 1/3/5 year breakdown, however 7digital’s strategy is to grow revenues, profitability and shareholder returns through:
• offering flexible, productised, end-to-end music solutions;
• increasing the number of clients it serves in strategic, well-funded market verticals, particularly the growth markets of home fitness, social media and artist monetisation;
• improving the financial quality of our business by driving recurring SaaS and PaaS revenues;
• expanding and leveraging its geographic coverage;
• continued investment in market-leading technology to meet shifting technology trends, user consumption and client needs;
• applying strict control of its cost base to ensure that revenue growth is quickly reflected in improved overall Group profitability; and
• establishing and maintaining a partner channel programme for scaling sales into the identified target market verticals.
2. Will there be some real financial statements of revenue and profit in September 2021?
Yes, the Company will be releasing its interim results for the six months ended 30 June 2021 in September 2021.
3. Why has 7Dig not been approached or takeover by the likes of Hipgnosis, Spotify or Triller? They could takeover for 3 times asset value?
It is Company policy not to comment or speculate on such matters.
4. Is cash flow an issue and if so will there be another round of consolidation and revenue grab?
Under the current management team, 7digital has focused on streamlining its operations to position it for sustainable growth and becoming cash flow positive. This has involved moving away from bespoke modular solutions to a highly productised, cloud-based technology offering. The Company has also brought down overheads, successfully reducing administration expenses by 43% last year. As a result of its focus on profitability, 7digital is on track to deliver a full year of positive EBITDA in 2021 for the first time in its history.
The Company ended 2020 with a strong cash position of £2.8m. It also has two highly supportive major shareholders which have confirmed their financial support to allow 7digital to manage its working capital and to support growth needs.
This was in response to my questions a week ago. Very positive and clarity!
Peter640.