Member Info for faz147

I meant to add, I believe many of the sells we have seen since yesterday's monster Triller announcement will be from those who bought off the back of the price movement RNS on 31st July. They will have seen a doubling or tripling of their shares' value so you can't really blame them for selling.

However, many will not have realised the medium to long-term significance of the tie-up with Triller and will look back and kick themselves for selling for pence!

I'm intending to be here for at least 18 months but likely much longer because I want to get the full benefit of being invested in 7Digital. Hopefully within the 18 month initial minimum term of the contract, we will see a longer-term extension with Triller as 7Digital will have proven the quality and reliability of their platform, and Triller will be reliant on 7Digital's ever-growing music catalogue!

Dividends are not out of the question here within 2-3 years so I'm glad I've bought in my ISA as i don't want the taxman getting hold of any future profits! GLA

Many did well to buy in after the "Response to Price Movement" RNS on 31st July. I would say this announcement alone (below) is enough to justify a shareprice of 1.5p as the threat of legal action has been totally removed.

Bare in mind this followed the renewal of the contract with Universal Group in June.

Also 7Digital has 80 million tracks which is 33% more than Spotify!

https://www.lse.co.uk/rns/7DIG/response-to-price-movement-ugbegi6u8r72hug.html

7digital Group plc

("7digital" or "the Company")

Response to Price Movement

7digital (AIM: 7DIG), the global leader in B2B end-to-end digital music solutions, notes the recent movement in its share price. The Company also notes speculation in connection with the settlement of litigation in the US and confirms that, while the case remains ongoing with other defendants, the Company has been removed from the action. The Company paid its own minimal legal costs but the case is otherwise expected to have no impact on its ongoing operations. In line with its stated objectives to grow the business, the Company continues to negotiate with new and existing channel partners for its Music Platform-as-a-Service offering. Such contracts are expected to be on broadly equivalent terms to those previously announced and further announcements will be made as appropriate.

Thanks even, feels like a decent level of confidence from the MMs if they're willing to take £14k in one hit after a 100% rise!

What kind of volume is available to buy?

My lucky number!

Does this my my bet will come in on Ronnie winning the world championship? Maybe making a 147 break in the winning frame ;)

Live price up again

1.45-1.5p

Thanks Max. What kind of volume can you get a price for an a dummy sell trade?

I'm not interested in selling, just trying to gauge MM appetite for our shares :)

Has anyone following this share got Level 2 or able to do dummy trades to determine available buy and sell volumes?

Triller attributed part of its achievement to majority investor Proxima Media, the Hollywood studio founded by Ryan Kavanaugh. Lu said his company has spent zero in marketing to reach its size, something that “has never happened in technology history.” But Ryan, the film producer and financier behind hits like The Fast and the Furious and The Social Network, has no doubt brought unmatched media exposure, celebrity connections, and naturally, their fans who convert to Triller users.

Triller has also secured deals with major record labels, clearing the way for users to make music-centered videos. Its roster of angel investors include Snoop Dogg, The Weekend, Marshmellow, Lil Wayne, among other big names.

“Ryan is second to none in Hollywood, entertainment and media,” said Lu. “I give [Proxima Media] a ton of credit for helping us get to this stage, this massive growth. I don’t think we could have done it without them.”

Celebrity-quality content is one thing that sets Triller apart from TikTok, said Anis Uzzaman, general partner of Pegasus Tech Ventures, which invested in Triller in a strategic round.

“TikTok tries to grow its own celebrities. Triller already has all the big celebrities,” the investor said, refering to videos shared by Alicia Keys, Cardi B, Marshmellow, and Eminem via Triller, which is now a popular place for releasing songs. TikTok has also become a testing ground for artists to test new works.

Meanwhile, the app strives to keep its ordinary users engaged, one thing TikTok has done very well. For example, it boasts of AI-powered editing features that enable users to make professionally looking music videos. It’s also lanched a Billboard chart that ranks the biggest Triller songs, leveling the playing field between emerging creators and celebrities.

“It gives the young people a feeling that they are close to celebrities,” observed Uzzaman.

The investor also believes there’s room for multiple players in the short video space, akin to how Uber and Lyft co-exist. Indeed, China has seen TikTok’s Chinese version Douyin going head to head with Kuaishou in recent years.

For Lu, Triller’s identity is anchored in music, especially hip hop music in the early days, with a demographic of 18-25.

According to Lu, Triller was already recording “significant growth” even before the Trump administration began mulling a ban or a forced sale of TikTok, although he also admitted the app is getting a boost from the TikTok backlash. 35 million new users joined Triller just within the last few days. The app has so far collected 250 million downloads worldwide.

The Los Angeles-based startup still has a long way to catch up with TikTok, which crossed 2 billion downloads in April. The rivals both tout their capability to let users match videos with music, a defining feature for their success. In fact, Triller recently filed a lawsuit accusing its Chinese rival for infringing its patent for “creating music videos synchronized with an audio track.”

https://techcrunch.com/2020/08/04/triller-tiktok/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADSOVgwUvyQucKrt0l4qfZqoMY3xbYc1jCJvQPlQTDnQQOdhRRQnR28wHby5UW3-KEFS-4Oao7ShNmZTJN_u_aScTzkK75anUoqLV93CkbTxc8w8spn-OIrcucDiNrz5tzugow3pzZkVZ6MWKEWKDwC2H2heBEJV0O85TmONBfQS

Hollywood’s Triller sets its own rhythm even as it gains from TikTok troubles

Triller, the short video app backed by a Hollywood mogul and music celebrities, is rapidly ballooning in both user size and valuation. It’s now seeking a new funding round of $250 million that will push its valuation to over $1 billion, according to a source with knowledge of the matter.

That’s a leap from its $130 million valuation reported last October. Triller’s founder and CEO Mike Lu declined to comment, although another executive confirmed the funding with Dot.la.

The app has emerged as what many see as a TikTok replacement, but it has been around since 2015, two years before TikTok’s debut, and has its own “identity and ecosystem,” the founder insisted.

I've followed 7DIG for years and traded several times, making a decent profit on several occasions, but after the Triller announcement this morning, this is the first time I've bought at a high and I've bought them in my ISA as I believe this is now worth holding for the next 18 months minimum to see the effect on the P&L and on the shareprice.

If this was US listed the market cap would probably be $100mil + after linking with Triller but lets see what happens here this week.

It wasn't easy to buy a decent number of shares so MMs may have a limited supply. Watch out for tree shakes!

Indeed it is fantastic news and particularly impressive considering the current market!

Personally I'm particularly pleased as this news and jump in share price enabled me to buy my shares in an ISA and then sell them in my share account without losing any shares or money!

2 questions from me:
1) Am I right in assuming that the non-recurring engineering fees for this program of work have already been received, and therefore any future new programs on a similar license model will likely include an upfront fee at a higher % of the overall program value? Or do we expect the engineering fees to continue to be paid separately?
2) Nice to see an updated note from Cenkos with confirmation that we are now fully funded to profitability with no need for any further dilutive fundraising! However, the rise in SP seems to have coincided with the opening of the US markets. Do we expect Stifel Nicolaus to initiate coverage following today's news? Certainly New York investors are looking for any good news stories they can find right now.....
"Following a successful introduction to US based investors in New York in January, Seeing Machines has appointed Stifel to assist in broadening our investor base across North America and to complement the UK based efforts of the Company's Nominated Adviser and Broker, Cenkos Securities plc."

As predicted, resistance encountered at 1.6-1.75p

Charts suggest a mini breakout in the next half an hour or so, one way or t'other.

Will we see a repeat of the last 2 days with really strong buying pressure in the afternoon? If so, it seems likely we will break upwards, and if not, we could see a slight pull back.

DYOR

1.75-1.8p

If this level is sustained and exceeded, I wouldn't like to call where next resistance will come from.

MMs must be short of shares the way this is moving.

Up again, 1.65-1.7p, +35%

And again!

1.6-1.65p

Up again, 1.55-1.6p now.

Minor resistance at 1.33p smashed through at open, should hopefully act as support now, if it's even needed.

As highlighted earlier, appears to be very little resistance on the chart until 1.6-1.75p and after that it's anybody's guess where this could go.

Live price just jumped to 1.5-1.6p, up 22% so far. GLA

"PHE price on 16 1 2012

23.5p"

From what I can see, there were 284,514,026 shares in issue at the start of Feb 2012, so assuming the same number on 16/01/12, the 23.5p SP equated to a Market Cap of £66.86mil at the time.

Considering the technological progress that has been made since then and in particular the commercialisation agreement with Peel, in my view a similar valuation, or more, would be much easier to justify now.

Even taking into account the additional shares for the W2T acquisition/merger we are looking at approximately 2p per share just to have the market cap back at early 2012 levels!

I'm not saying this is going to 2p tomorrow or next week for the record, people absolutely need to do their own research and draw their own conclusions!

However, from a TA/charting perspective, closed at intra-day high, previous resistance broken and MACD turned positive so it's looking good for tomorrow's open. Other than minor resistance at 1.33p from Aug/Sep 2017, very little on the way up to previous highs of 1.66-1.75p from Feb 2017.

I wonder whether the strong move upwards this afternoon was a result of buying pressure from across the pond following the article I posted earlier by Mollie on H2-View. Possibly a coincidence and the rise this afternoon was just a resumption of domestic buying pressure after cooling off late morning/early afternoon. Either way, here’s the article again in case you missed it.

https://www.h2-view.com/story/progress-made-on-plastic-to-hydrogen-sites/

I would be interested to hear the views of LTH’s here, has there been any signs of interest from North America in this stock in the past?

Nothing really new in this article that hasn't been covered elsewhere.

The significant is the author and the potential audience......

Molly Burgess is the News Journalist at H2 View. Molly is primarily responsible for North American news and exclusives across the website and looks forward to hearing from you – and telling your story.