The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
They can't predict the future so they won't necessariy have know about the increasing values in advance. If they take another 6 months from now the prices could drop just as easily.
I doubt the time taken is any kind of deliberate act. I suspect it is just a very complicated process that they are looking to get right to do the best by the company and its investors.
Personally I think this RNS is evidence that we probably have several months left to wait. I doubt we would have had this update today if we were close to the end. It's a positive update but definitely a holding response.
It's refreshing to see Nanny MacPhee admitting he adds nothing to the forum other than a meaningless cut and paste to annoy others. Clearly a man with too much time on his hands.
TS you're right that 7Digital is now a profitable business but the reality is that when profitablity was announced, the share price didn't rise so for this to increase there needs to be much bigger news than just making money. I honestly don't see a big rise coming until the mid-year interim results show exactly what level of profit is being made and we're not getting that news until probably August or September.
I only have a small investment here but hoping the sale of EUA comes soon enough that I can top up here at under 1p but I think it'll have to come quite soon because this will be heading over 1p with the next couple of months in my opinion.
If the price is over 1p when I'm in a position to top up I'll probably still do it, I'll just get less for my money but as I see this as a 3-5 year hold I'm hoping for huge profits in the long run.
Why would you even try? Why does it make any difference to you? As long as you know then crack on and get on with life.
Fjords thank you for your helpful reply.
Dickie you're just typical of the kind of people that post regularly on these boards. I'm invested in 21 companies at the moment, I'm not going to understand the full details of all of them. I know enough about SYME to know if I hold for 2 or 3 years I should make a lot of money. Despite your nonsense post, I'll make just as much profit as those that read and understand everything. I'm bought in so all I need to do now is sit back and wait.
Excuse my ignorance but what is this 'SH' news that people are hoping for?
SYME is a 'buy and forget' LTH investment for me so I haven't kept up with the news but popped in today because I saw the RNS were released.
I'm 57, retired earlier this year. I bought my first shares in 1987 and have been building a portfolio ever since. I'm currently invested in 19 different companies.
It's already at 0.5p at the time you posted so it doesn't take Mystic Meg to predict it'll stay there for another hour or so.
Send them an email and let them know. I'm sure they'll appreciate your input.
Mikey, the Triller contract consisted of an up front setup payment (amount unknown), the monthly recurring fee (10s of thousands) plus the music usage fee which will be pennies per usage. There is also a very similar contract set up with Apex with the same kind of values. But they are only 2 of about 45 contracts that 7Digital currently have. Most of those contracts probably provide fairly small income per month but they all add up. The real unknown is the deal that is in place with the Global Tech Co that we don't know the name of. They could be providing a decent revenue stream as well.
Having said that, the real key to reaching a profit at the back end of this year has been in the total restructuring of the company from top to bottom. They have reduced costs massively to become a more efficiently run company making 90% margin on it's contracts.
The Triller contract is great for 7Digital but as Paul said in the call, don't get too hung up on it. He sounded more excited about the 2 new social media contracts that he hopes to announce at some point in 2021. If those announcments are 2 of the big social media companies that we know and love then the market will have to take notice and bump the share price up a lot.
I'd seen something about 14th December but the complete lack of any media coverage over the last couple of weeks is a good sign that no one is taking the threat of a ban seriously. Trump has a pretty good record of losing in court recently so it's certainly no surprise.
Barmy, I don't know much about GGP but I'm in SYME and there is certainly potential for a lot more growth there so even at the current SP I think it is well worth investing in. I have my eye on SYME to put some of my EUA return in to and am hoping it'll still be below 1p at the time.
Thanks Learn. I know it's a risky strategy because we never know when the next RNS will drop with some big news but based on what Paul said last week I'm not expecting anything until at least a few weeks in to the new year if not a few months.
I don't want to say what I've transfered my money in to because I'm not a financial advisor and I wouldn't want anyone copying my decision. DYOR and put your money where you think is best.
I've taken the big decision to sell mine this morning. Having seen that the news of profitability isn't boosting this share I don't expect the price to incease significantly over the next couple of months so I've moved the money out of here and in to something else that hopefully will benefit in that timeframe.
If 7Digital is still around the same price then I'll potentially buy back in because I can definitely see a bright future.
Dogs, I've just listened to the part you mentioned and yes, I'm pretty sure he did mean the Triller experience and it was just a slip of the tongue. Hopefully the faux pas was due to the fact they are currently in negotiations with TikTok to get involved with them as well. Becoming the music supplier to both TikTok and Triller would be huge.
Personally I thought 7Digital had been working towards becoming a profitable company for the last several years and it was a huge milestone to reach. They finally make the announcement last week and the market isn't impressed at all. There are loads of tech and media companies out there making a loss that are valued far higher than 7Digital so what do they have to do to prove their worth?
The full year 2020 accounts aren't likely to be released until mid-2021 but even they will show a loss over the full year so we'll have to wait until either the interim H1 2021 results or the full 2021 results that won't be released until mid-2022 to see black and white evidence of a profitable year. Hopefully by that time we'll have several big contract annoucements that will really add to the bottom line figures.
I had initially hoped for a minimum of 5p at the end of year thanks to the profitability annoucement but that's obviously not going to happen. 7Digital is now firmly in the long term hold category. Buy in now or hold what you have and come back in 2023 when hopefully the full potential of the company is being realised.
I'm genuinely surprised by the reaction to yesterday's news. Personally I see the news of profitability as far bigger than signing the Triller contract yet the latter took us up over 4p.
The Triller announcement gave us no detail about the potential revenue whereas profitability shows we're actually making money. It just makes no sense.
I don't agree that the company is a dog but the market is treating it that way.
I'd sell my shares, bank my money then take the dog out for a walk and maybe pick up a bacon butty while I'm out.
It's only money. You'll just have more of it than you had before.
KOTP, I'd expect the share price to rise at a much higher rate than the revenue. I'd like to see a P/E ratio of 10+ by this time next year which would mean 100% rise in revenue giving us a 1000% rise in share price.