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Just topped up, hopefully will prove to be a no brainer.
And, TheTruth, additional, similar contracts like Triller... they need more of these customers, serious ones. Announcements about deals or partnerships with start-ups will not add hundreds of millions to a market cap.
As I've said before, despite all the ramping yesterday, talk of £1 and 4p etc etc... the market needs to see big contract wins. I am hugely down here, so not deramping!
The share price went up sharply on Trump going to Triller and the Tik Tok ban hype, neither of which were 'real' commercial, tangible things in the end. Some, like me bought in to high.
Profitability is of course great. But small profits on small revenue don't make a company worth hundreds of millions. Neither does one contract with Triller, which could at some point not be renewed.
Contracts with tiny companies like Apex won't do it either, certainly not 6 of them a year, for what is essentially a technology company.
When 7dig announce big wins, with multiple big companies, spending large amounts, that'll prove that they have something special.
I think these things will happen! But this is why the company doesn't all of a sudden have a market cap of hundreds of millions, with sub 10mill revenues.
nen I agree, I think an exciting 12-24 months without doubt.
And you're right, and I wouldn't bet the farm on any share, need to be able to buy that farm in the first place, hopefully S4 might help.
Yes well done to all. I am kicking myself, having followed this since inception, I only recently invested at about £4. Most of my cash was tied up in less good stocks... painful. Delighted to be in here and I think it's one to bet the farm on probably. Only concern is SMS's age, but I wouldn't be surprised to see this at a tenner by Christmas next year before any issues. Well done to all those who got in in good time, wish I had.
But a tiny company with profits isn't going to shoot up in value. We need to see significant demand from big paying customers, at the moment, this is a small company and any profit they make won't propel them quickly into bigger leagues. We want large commercial wins, rather than start ups (Apex) and joint ventures with unknown partners.
It's big new contract wins that are needed.
Profitability here is not the golden ticket. Revenues have shrunk dramatically (supposedly as part of stream lining) and hence with the new productized (plug in platform) as their lead offering, profits should be attainable. Problem is from a share price point of view, this is a tech stock and tiny profits on tiny revenue won't equal high value/high share price. We need massive demand, more Trillers, the name of the tech company and more of them etc.
Not a deramp, I am invested and very much down! Just my view.
As I've said on here before (and I am massively down here too), the share price rise months ago was hype through no fault of 7dig. They re-signed a contract with Triller, announced it, then Trump obviously went onto Triller, the Tik Tok ban was talked about etc. The price shot up on the basis of all this. The company even released an RNS about it, explaining that was the reason for the rise. PIs (including me) got carried away and bought high, got spiked, and now the share price is retracing back down to where it was pre the spike, which again, had nothing to do with the company! In terms of releasing the RNS about the global company, they had to release the RNS, it's a deal that potentially effects value of company. However, if they have a non-disclosure agreement with the client, then that's not their fault. Also, PL said there were good things to come, well they're still might be.
In summary, I am livid at the share price and myself, but I'm not livid at the company - I made a mistake by buying high on the back of hype that they didn't create to be fair.
It's been so depressing here it's easy to forget all the real positives - should be turning into a profit making business, probably in due course we'll find out about global tech company client, obviously there will be more client wins, as we've seen with Triller, they can be big companies. It feels gloomy but we're due some good news and of course it will come, I'm holding long term here.
I'd still like to feel more secure about the probability of a) successfully getting a grant and b) it not being a tiny, irrelevant figure.
Despite looking, I just don't have the knowledge on this and it's a little nerve-wracking, not because the grant is the main story here, I know it's not, but it might provide short term sp boost and a solid base to go from, rather than a large retrace...
A tenner?
Hopefully the customary tree shake so I can buy some more and then to 2p later today.
Said like a pro by someone who invariably loses money when trying to play this kind of thing out...
I think he meant re-sign...
Re home fitness we need to see a Schwinn or a NordicTrack on board, a large multinational home fitness manufacturer. That would give us so much faith, it would change everything.
I agree, that's what I've been thinking, I do think we will find out global tech company name at some point.
I think I'm down 50% but still think it's a hold. It is relevant that they can sign big-named clients, that will make the share price rise. Paul did say he expects more frequent client wins, that'll make it rise, and then there's the now painfully boring TikTok hope which could still very likely play a part.
I can see a bit of news taking this over 2p, which will make most of us feel considerably better (although hardly great).
Sorry Brighty, what's the significance of the 28p in particular?
Thanks
In addition, in terms of us having some kind of hard bounce on the share price, that'd come down to either the name of the global company (which I think we'll get in due course), a ban on TikTok in the USA or another really large global contract win.
It wouldn't shock me that much if any of those things happened, so there's that hope to cling on to.
Great analysis Maximumvalue, I suspect you've only had two people recommend the post as nobody likes to read uncomfortable truths... I agree with a lot of what you've said, lots of it's factual.
To counter a little bit briefly... Paul said that they have 'productized' their offering and have moved away from being a music services business, it's like they're trying to become a saas company. Revenues have gone down as they've moved away from old business lines because they weren't profitable. You doubt the high profit margins Paul mentions but I doubt he's fibbing and I suspect doing away with the services element of the business and moving away from downloads will increase margins.
They have contracts of "10s of thousands per month" after an initial set up fee but then do make money from usage, so if Triller grows, so do 7dig revenues, hence TikTok being big news as you're talking 100s of millions of users potentially.
Basically, we need to see really regular contact wins, not necessarily global players, just frequent deals. That'll show appetite for the product and show they have their house in order. The fact that Apex rides is exciting is worrying to me... a company not even fully functioning in their market yet is seen as an exciting contract win... it's pretty small stuff.
Paul is clearly bright and he seems genuinely excited and positive about opportunities in home fitness and social media... As I've said before, I'd really love to know who their targets are, that would tell us everything. How many ideal target customers are there for their sales team to approach. I don't know the answer and that worries me a little.
If you believe in the product/business, this is probably the time to be buying!
It tumbles each day because some people are selling it.
They did a share issue to raise cash, which they will hopefully be spending on growth.
We have to assume that news will push the share price up over time and I'm sure news will be with us soon.