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No suggestion that it will be revealed at any time soon.
I am in both two, and that's a tough question.
7digital will soon be a profitable, well run tech business with the ability to win big clients in a growth market. Forgetting the share price, I think fast forward two years it will be a better company than it is now, will the share price follow? SHOULD do.
Sareum could shoot to 10p quicker though imho over the coming 6 months.
Both sky rocketing would be nice.
It is a tough one this stock though. I'm only in relatively small time although down. I don't feel like I've lost my money in the long term, I like Paul and I think he'll build from here and we'll creep back over time to 3p or something. At the same time, if you're a short term investor, sitting here waiting and hoping for another big contract win could get worrying, I can see that.
YBD - remember the 10s of thousands per month is the set monthly subscription, not the download revenues, which I imagine are growing daily at the moment. The more Triller users, the more money over and above the subscription 7dig make.
Being optimistic, I'd say it's big client wins this business needs and I'd say it's reasonably likely they'll get some more as they've had two this year. Providing of course the global tech company isn't a tiny global tech company :)
But with the triller business and the global tech company, is it likely they'll sign another big, well known client in the near future? Sounds reasonably likely, that would do it. As would the TikTok ban. Again though, I see your point and I maintain, I think this business is only improving and growing from here so see it as a long termer, with steady growth. Could of course be wrong.
Triller is a contract worth "in the tens of thousands per month" after the initial set up fee and then there is revenue from downloads/usage.
There are loads of crazy valuations in the market, companies turning over less than 10mill, profits of less than 1.5 mill. The share price and valuation will increase with potential as well as real value, why do PE companies give start ups 10s of millions. If there are more contract wins like Triller and Global tech company, it'll suggest great potential within a market where we claim to be a leader that's worth billions. Take the point though, in pure hard valuation terms at the moment we're looking to hope rather than facts. Sorry a lot of obvious spiel there but some truth in it.
Obviously dyor etc etc.
It will in due course. As a long term hold I now have no doubts about this share. Yes the current slump is annoying, but imminent profitability, a more 'productized' offering that seems to be selling, ability to win big clients, high margins, a sharpened value proposition and sales approach, an ambitious CEO, music streaming and home fitness being massive. Don't listen to the tits who are too negative. I'm not a day trader. This is a good investment.
I agree, but it'll definitely add users and down the line revenue. But no the fight itself isn't going to lead people to investing in 7Digital exponentially.
Yes you'd hope upon any renewal there'd be an announcement, I just wish he could say that! And yes we'll see the revenues in the results. A top 5-10 global tech company name as a client here, on top of Triller would move this business light years ahead in SP terms.
Mikey, agree with all of that. But on the global partner, there is no suggestion that we will find out right? He has clearly not said that after 6 months upon renewal we will name the partner, unfortunately. So annoying as it's obviously big and would probably double the bloody share price. Painful.
Confirmation of profitability and potentially any major client wins. Regular small wins will edge it forwards but if they announce a new well-known name it'll shoot up again too.
Forgetting current price, can you see significant business growth here in the next 2 years?
It's a combination of things - the share price rose by whatever it was, some 700% not long ago, lots of people have been selling to take profits.
We're expecting news around new contracts over the next few months, potentially further TikTok problems but generally just steady progress, and therefore there are more talked about shares at this moment.
On top of that, the company is despite being much leaner than it was in terms of P/L, is still small, and so there's the valuation to think about, which most people do.
Now I'm just giving my opinion on the what I think is the answer to your question. I am not deramping as I'm invested here and as I've said before, I like the loss making business to profitable business story, results next year will be good, and the year after. The company is capable of winning big, sexy clients, like triller and the global tech company - do you think they never will again? I think they will and the share price will go up again. Besides all that I rate the CEO and I think their product clearly has a lot of legroom in the coming years.
So I'm viewing this as a long term hold and expect to do well from it. DYOR of course and good luck.
Yes but there will be news over time. This is a hold. Business going from loss making to profitable, larger and new clients in exciting new markets etc. I think we just let them get on with it.
Apex rides is just another contract win. Nobody is expecting it to become Peloton, but it's another interesting contract win with potential and a taster of the home fitness opportunities the company might have.
Great post Darkhorse, sums it up. Do you want to be invested in a business that is profitable from today forwards (when all valuations from before today have been of a loss making business) that's signing clients like Triller and global tech companies, that's in the hugely buoyant growth market that is music streaming, that has a platform that's obviously selling and attracting interest. I do. I can't make a random estimation of what the share price will be this time next year but I passionately feel it'll be significantly higher as I can't see how the business won't be worth more than it has been this year. Yes, this company could lose a contract like Triller which would obviously hurt, but at the same time we'd expect it to add more like it. I'm down on this stock but don't feel bad about it, unlike some others! Exciting times ahead I believe.
Exactly, if asked the question is Paul sorting it out? The answer is categorically yes. I think they're doing all the right things and I think it's fair to say that we now know the results will be pretty good next year, with plenty of good news up until those next results.
Sorry ignore ignore. Integration with in as much as we use shopify they are not a client. Apologies I misread.
Did you know we had a contract with shopify?