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Delivering on the promised outlined in the December presentation. Not bad.
Investor presentation:
Social Media
Music is becoming the driving force for growth of UGC social media platforms
• Tik Tok has shifted the paradigm in how fans discover, share and create music
• Nine out of 10 social media users follow, post or share music on a regular
basis
• Growth in music consumption in Social has outstripped subscription
streaming
• 7digital offers its global catalogue, platform scale, rights and reporting to
serve the sizeable and rapidly-growing demand for world-wide social
enterprises
• Expect to sign two significant deals in 2021 and we will deliver substantial
growth in Social Media revenue in the year.
What is the next deal?
#7DIG Alternate ?? (amber) and ?? (blue) to 3.6 and 8.4p respectively.
https://twitter.com/Cele7tial/status/1369994718717870084?s=20
"In total, the Company has signed five new contracts, four expansions and eight renewals in H2 2020. As a result, the Company is pleased to confirm that it has achieved operational profitability in the last quarter of 2020 and increased revenues in H2 2020 when compared to H1 2020, in line with management's expectations."
27digital typically enters into contracts which include a fixed fee and variable, usage-based terms, ensuring that the Company benefits as its customers scale up their offering. As a consequence of new contracts ramping up in 2021, clients increasing their usage of 7digital's platform and deals in the pipeline, the Board envisages receiving incremental revenues from these customers and expects to report substantial year-on-year revenue growth in FY 2021, resulting in operational profitability for the full year 2021."
MM’s have orders to fill so the price is going to get screwed for a while today
7DIG cement themselves as the market leader. It will add a premium to the share price.
Tech valuations are indeed insane for companies yet to turn a profit. This is profitable as of Q4 2020 and you can buy below the placing price.
Yes I don’t even think the current profit is priced in let alone this deal!
4/5p nailed on short term in days. It will then retrace a bit and then go on another run.
Financials coming up turned a profit end of last year.
https://twitter.com/realstock100/status/1369939614245527552?s=21
#7dig . Chinese digital music market is 2.2T per annum. In bed with their number 1 app . 50 m cap 7 digital is set for extreme growth.
Break of consolidation area 1.7p resistance traders will move this higher now
This will be volatile as big money moves in hold on.
DEV went from 1p to 27p. I think similar potential here.
Plenty in the tank here will re rate over days / weeks to come
Even 10p a user is massive.
The market makers took this down for days knowing significant news was coming. Feel sorry for those who sold based on some of the nonsense spouted by some on here.
Mulitbagger and turned a profit end of last year. Re rate on that news alone.
Start thinking for example even if they only monetise 10% of 760 million users at £1 a month. The revenues are off the scale!
This opens door for the other major Chinese social giant.
Multiples from here. Let the news get out there might take a few days and we are making a profit now so rerate off that regardless. Do not sell FFS!