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The current SP is 10x higher than it sat at for several months so there has been a huge rise. The brief peak over 4p was a false inflation based on excitement over the Triller deal but until any financial information is released, we don't know how much revenue that brings in so it's to be expected that a little caution has brought the SP back to a more sensible level.
Only positive financials will see the big gains without the SP falling back again.
308, we know there is an RNS coming in the next 2 weeks. Any big buys will be in preparation for that.
It's better to remain silent and have people assume you're stupid than to open your mouth and confirm it is true.
The fact that Triller doesn't even get a mention in that article shows that they were potentially never really in the race.
Did you actually spend any money with them? Just signing up doesn't really benefit them.
If Tiktok US does get shut down then we'll see a true test of how influential Triller is on the 7Digital share price.
Triller are just one piece of the jigsaw but we'll find out in the coming days or weeks how big that piece is.
I'll repeat it again for you, 7Digital have 45 clients as of August 2020 so they DON'T have all their eggs in one basket. They were heading towards profitability before the Triller contract was announced. Triller just makes them bigger.
Is it that hard to understand. They're already doing exactly what you want them to do. Do some f#*#+g research.
Tri, if 7digital have ambitions of being a much larger company than they currently are then they need to pin their hopes of at least one of their clients growing as big as Triller could potentially become.
As they currently have 45 clients, yet certainly don't have all their eggs in 1 basket, they just have 1 egg that's more of a golden egg than the others.
Tri, 7Digital are a B2B supplier. That means they supply their services to other businesses to provide them with a capability. 7Digital are then reliant on those businesses to grow and make a profit so they can pass some of that revenue down to 7Digital.
So when you say you want 7digital to stand on their own 2 feet, they can't without the outside influence of the other businesses.
Obviously they need to have a large enough client base that they're not reliant on 1 large client (which they do, they have 45 active clients as of August) but if Triller was to grow in to a huge beast then that's hugely beneficial for 7digital. Ideally we'd have several clients that grow in to huge beasts.
itye "you say it relies on triller", I didn't say that at all.
If someone other than Triller buys Tiktok it could be awful news for Triller and 7Digital. Tiktok are still by far the biggest and could continue to get even bigger with the right buyer.
This sale will only be good for 7digital if Triller win the big and make a success of it.
The SP got massively over inflated on the back of the Triller announcement but is now finding it's new level. Further rises will come with further good news. No one knows when that news will come so confidence is low hence the falling SP.
CountinCards, I don't know who's doing the accounts this year but as they had new auditors in for last year I'd assume it will be the same people again.
iyte, you could look at it that for months the share price was around 0.2p and now it's gone all the way up to 190p. Yes it got over inflated on the back of the Triller statement so we've seen a drop but in the last few months there has been a massive increase overall. More information will be released in time. More contracts will be won in time. Profitability will come in time.....for the company and for investors.
I'm confused as to why some people invest in a company without having a clue about how it is being run and what prospects it has for the future. What research did you do before investing?
All the very good reasons for the loan and the raise where issued in an RNS. You just need to take 5 mins to read it.
If you bought in on a whim with no research then it's not the company's fault if you did it at the wrong time. Had you invested 3 months ago you'd have been sitting on a huge profit right now and have a totally different outlook. Look within if you want to place blame.
Ask yourself why you invested in 7Digital in the first place. Nothing has really changed in the last few weeks. Did you just see it on the 'Top Risers' list and jump in with no research?
The long term future of 7 Digital looks better now than it did 3 months ago. There is nothing but good news coming out of the company at the moment. Don't expect to make your furtune in a few weeks just because there were a lucky few that bought in at 0.2p and sold at over 4p.
7Digital still has huge potential in the medium to long term. They have a good strategy and the new BoD are working hard to build a solid client base. Do some research and see what you've actually invested in before making a decision to jump ship.
FYI, I first invested 3 years ago at 7p before huge dilusion and seeing my investment drop 95%. I stuck with it because I believe in the future of music streaming. I've averaged down a lot and saw a paper profit again just a few weeks ago so I'm happy to stick with it and see where to company goes in 2021.
Potentially 2.5p
Potentially 5p
Potentially 7.3p
Potentially 10p
Potentially down to 1.6p
Darkhorse, that's a good spot. That does look an awful lot like Ally Love.
Am I right in thinking there has never been any official announcement linking 7Digital and Peleton?
The positives I take from that is the confirmation of an expecation of profitability in H2 2020 and also the increase in clients from 34 to 45 although I definitely don't remember seeing 11 new client announcements so I assume most of them must have been fairly small.
The big one though is "Recently announce Triller...more in the pipeline" I wonder what's to come.