Member Info for -Rob-

You really expect it in the next couple of weeks based on 7Digital's past performance? I'll be delighted if we see something before the end of April. That would be pretty speedy for them. As for it being positive enough to show a SP increase. Fingers crossed. Wait and see.

Fortunately the market doesn't just consider yesterday's and today's position. It takes a far more long term view but if you want to look at recent trades, in the last 7 days the sells have outnumbered the buys by 5m to 4.5m.

The reality is we're fairly stagnant at the moment awaiting real news so there will only be minor movements.

It all seems to be very low volume buys and sales the last few days so there's been nothing to impact the SP.
The market is waiting for the elusive contract announcements and 2018 results. Until then this is one to forget about on the back burner.

I swore to myself that I wouldn't be digging myself in any deeper to this one but I had some spare change burning a hole in my pocket so I took another 100k of this one yesterday. I'm now in at an average of 3p so 6 months of positive news and I might be a lot less nervous.

Sentiment posted on a freeBB has never affected a SP

It's been like a school playground on this board the last few days since this dipped. 0.01p of movement and dozens of predictions come in about multi bagging. I appreciate your excitement of making a few quid but how about a bit of chill and just wait for things to actually pan out. We'll have an RNS or 2 within a few days......maybe!! 7Dig have been poor at issuing news to the market so there's no guarantee they'll do it as soon as anything happens Nothing has been announced at CES yet although today's session is about to get underway now so who knows, we could have something by the morning. A tax payment and new contract announcements would be lovely and very profitable for many but assuming you have jobs to do how about you actually get some work done rather than showing how giddy you are on here.

CES starts about 6pm today UK time so we're not going to hear anything while the UK market is open today but there is no guarantee the announcements will even be made at CES. It could be other companies making announcements at CES that then allows 7Digital to make a separate announcement next week. Historically, 7Digital haven't been great at making any kind of positive announcements so don't hold your breath.

Lots of new names popping up on the message boards today. Has the 50% drop grabbed new attention or are we seeing the silent investors finally showing their voice? I'm certainly not seeing the same signs of positivity that some of these new names are seeing.

Somewhat negative???? I nearly cried reading that RNS. One of the major investors in 7Digital are potentially pulling out and there is a rather large tax bill that has somehow gone unpaid. The only potentially good news are contracts they can't even talk about. Weren't we hearing the same thing last year but to no avail.

After a steady decline of the share price over the last few years we've just seen a 45% drop this morning on what was already a record low.

I think we can all say goodbye to our investments unless you've already got out.

Taser, I don't expect any kind of announcement about the cost cutting or profitability resulting from it. Unless there are any significant contract wins in the interim, I don't expect any announcements of note until the official year end finances are released. SC has proven that he has no regard for the thoughts of investors or the market and I see no signs of that changing.

Hopefully at the very least we have leveled out and can stay level until any good news comes along.

For those of you that also read the ADVFN forum, Tiger60 has just posted a very interesting update from a conversation he's had with Simon Cole. There's not quite enough there to give any real positivity but it's not doom and gloom either.

I had another communication with the top man yesterday. I asked him the question of why there had been no formal announcement of the cost reduction targets being reached by the implementation of the single platform. Simon's response was that putting out an announcement would be akin to telling people that sun has risen. Simon's view seems to be that they announced they would do it so news that they have done it is non-news.

Well Simon, I tell you what IS news. The share price has been in steady decline for years and there's no sign of it stopping because 7Digital have given the market nothing to be positive about. "We set ourselves a goal and we achieved that goal" may not be huge news but if it's the best we've got then it's needs an announcement. Moving to a single platform was a make or break point for the company so would it be so bad to tell the market we made it?

OKfornow, can you give me a definition of 'stability'? the share price has been in for about 3 years. Since the end of August we've seen a drop from 5.8p to the current low of 2.5p. Which part of that seems stable? There is only so long that kind of decline can continue before a proverb hits the fan.

On the plus side they've moved on to a single platform but I don't understand why they haven't actually announced it. We're unlikely to see end of year results for at least 4 months but as the single platform will only benefit the final 2 months of the year I can't see it making a huge impact just yet. If the single platform is the key to turning good profitability then it'll be the back half of next year before we see any return from it. I just hope we get that far before the cash runs out. My glass isn't quite as half full as yours.

That was my view as well but I've resisted buying any more until the company sees fit to put the news in an RNS. My current holding is already enough to provide significant personal profit should be benefits of the single platform turn in to positive cashflow and increased profits.

His exact words in a message to me on 6th Nov were....

"Hi Rob, yes, we implemented the cost reductions in October and consolidated the platforms as planned. These savings will take £5m p.a. cost out of the business and transform our profitability."

Taser, yes they still have an interim CFO in place and it looks like he'll be the one leading the end of year accounts.

According to Simon Cole, they have implemented the cost reductions in October and consolidated the platforms as planned. If this is the case though, it would have been nice to have seen some formal communication of this to the investors. Cash is still being burnt far too quickly for a company with no profits to show. The next few months really is make or break as there is only so many times there can be a fresh injection of cash before all confidence is lost and the company dies.

Has anyone attempted any contact with 7Digital for an update in the last few days to see if the October targets were met for the 1 platform and to see what confidence is like for a year end profitability?

Cash continues to be burnt through very quickly, share price continues to plummet yet Simon Cole has only ever been the face of optimism and a brighter future. It makes we wonder whether he either knows things he's just not releasing in the RNS statements or he refuses to see the strategy just isn't working and the company are headed towards bankruptcy before they have the chance to achieve their plans. If we're not on an upturn by very early January I'll be tempted to pull of out this one at a very substantial loss.

I see today's RNS as a very positive announcement in what has been a very negative year. To have an investor like Juke Entertainment with the confidence to put forward 750k while the share price is on such a steady decline is a positive indicator for the future. The RNS mentions cashflow positivity and an operating profit by the end of Dec 2018 which is only 9 weeks away. Any company that can't accurately predict it's profitability within 9 weeks of the end of the year is definitely being run incorrectly so we'll wait and see what happens in the new year.
If I wasn't already a long term holder looking at a 46% loss on my investment at this morning's share price I'd be tempted to buy in to this one. Hopefully 3p is the rock bottom price and we're only looking upwards from here.

I've lost interest in any statements that Simon has to say about profitability targets. He's made the statements in the past and targets have been missed. I'm only interested in the actual signed off accounts that prove profitability from actual contract wins that will provide long term revenue and increased shareholder value going forward.
I topped up in September because I was confident of a brighter future. October has looked less than bright but there's still hope of a better 2019 so I'm holding longer.