Paul mentioned in the LSE webinar that he occasionally reads on chat forums. I doubt he reads everything but he'll get a feel for what the investors are thinking. I know it can be frustrating when there is a lack of info from the company but the reality is, we're invested whether we get a daily update or a quarterly update. Paul's job is to run the company, not to keep us informed on every detail so we need to have a little faith. If you don't have that faith them maybe it's best to sell up and find a company you do have faith in.
YBD, if you're sitting on an 85% loss at the moment then I assume you've a long term holder as you must have bought in at about 7p. You'll certainly have been through some dark times during your holding so I definitely feel for you. Look on the bright side, however poor you may see the company now, it has to be better than when it was sitting at 0.2p and you'd have been about 97% down. You wouldn't have been alone in that one.
Obviously this is just my opinion but I am predicting and hoping this gets up to 10p within the next couple of years. As others have said, we need positive financials to really boost the price and that only comes once or twice the year when the accounts are issued so it is definitely a share to be patient with.
In hindsight I am kicking myself for not selling out after the Triller news bumped the price up to over 4p but I would definitely be buying back in again now it's back under 1p.
Despite so much I agree with that could make me look at 7Digital in a negative way, I remain very optimistic on this and Paul's leadership is the main reason why.
Until a sale is confirmed, the possibility of no sale still exists however unlikely it may seem. For long term holders there is still the chance to sell with big profits but you're right, no sale would probably see a drop in SP in the short term. I think i'd take the hit and sell to invest elsewhere rather than wait long term for EUA to extract the profits from the mine.
Some kind of sale in whatever form it takes definitely seems like the most likely outcome so we'll just have to keep waiting.
Agreeing a deal before xmas seems like a sensible target but it doesn't necessarily mean it'll happen. If there is no deal by then I don't expect an update either. The next announcement of any substance will be the announcement of the deal. The NDA will prehibit any updates along the way.
I'm assuming your investment decision was based on seeing a rising price rather than any research in to the business model because that hasn't changed in the last few months. If you believed in it then you should still believe in it now.
Nanny MacPhee strikes again. I wonder how often you'll cut and paste this one.
I've said this before and I'll say it again, you can't judge the success of a company based on the timing of your investment. Share prices go up as well as down. 7Digital spent roughly 16 months at 0.2p so obviously that was the best time to invest. If you made the decision to invest after the price had already rocketed you surely knew you were taking a risk. I still see a very bright future for this company and I fully expect to get exactly the same message from Paul in the investor call in a couple of weeks.
As soon as you come to realisation that this is a long term hold the sooner you'll find your peace.
I assume you have absolutely no knowledge of where this company was 12 months ago. They were on the brink of collapse when Simon left but Paul has managed to turn things around massively.
If you look at the fact the share price went temporarily up over 4p but now sits at 1p it looks disappointing but that huge rise was a massive over reaction. The company is still valued at 5 times more than it was at the start of the year and it's heading in the right direction. These things take time. Be patient and the share price will rise again.
If you want a get rich quick scheme this might not be the one for you but I can definitely see this hitting 10p at some point in the future.
Even the first line isn't deramping, it's simply a question.
Every single day there are posts on here saying the big RNS will drop soon but so far it is yet to arrive. Whether they admit it on here or not I'd bet every single investor is frustrated the sale hasn't been announced yet but that doesn't make it deramping. It just means we're keen to see this through to a conclusion to get the profits.
We're all after the same end game.
Mr G, it's possible they have achieved it some time ago but they won't actually be able to formally announce it until the audite accounts are released which won't be until well in to next year. I hope I'm wrong because I'd expect profitability to double the share price over night from where it's at currently.
Either way, it will certainly get a mention because the question has been asked.
As well as formally submitting my questions through the right channels for the AGM, I sent a copy of them by email to Paul Langworthy and received a response from him this morning. As to be expected, he wasn't in a position to be able to provide an answer at this time but did confirm that he'll be providing an operational review and answering any questions for as long as it takes.
So if you have any questions for Paul make sure you get them submitted. It sounds like it could be a very interesting AGM and Investor call. I'll certainly be tuned in.
This has been known about for a long time and it hasn't rocked the stock yet.
What if the Board of EUA were watching this forum and decided to drop the big RNS on the first day without any abusive posts or infighting. Do you think we'd ever get the RNS?
BAE should bounce a little tomorrow on this news although it doesn't necessarily say the extra money is going directly in to any BAE projects it's a very positive step for the industry.
https://www.bbc.co.uk/news/uk-54988870
The largest military investment in 30 years is set to be announced by the prime minister - an extra £4bn a year over the next four years.
The money will fund space and cyber defence projects such as an artificial intelligence agency, and could create 40,000 new jobs, the government said.
Boris Johnson said it would help the UK to "bolster our global influence".
The Ministry of Defence's annual budget is around £40bn, so the £16.5bn over four years is about a 10% increase.
The extra spending is on top of the Conservatives' 2019 manifesto commitment.
Then, the government pledged to increase defence spending by 0.5% above the inflation rate, which is currently at 0.7%, for every year of the current Parliament.
So based on forecasts of inflation, the government said it expects the Ministry of Defence (MoD) to get a total overall increase of about £24.1bn over four years, compared with last year's budget.
Mr Johnson said on Wednesday evening that he was making the announcement "in the teeth" of the coronavirus pandemic because "the defence of the realm must come first".
"The international situation is more perilous and more intensely competitive than at any time since the Cold War," he added.
The PM said in order for Britain to "be true to our history and stand alongside our allies" it must make improvements "across the board".
"This is our chance to end the era of retreat, transform our armed forces, bolster our global influence, unite and level up our country, pioneer new technology and defend our people and way of life," he said.
This is a big win for Defence Secretary Ben Wallace, who's been fighting hard for a significant increase in defence spending and a long-term financial settlement to end what he calls a cycle of overambitious, under-funded defence reviews of the past.
The Treasury had been arguing for a much smaller annual increase. But Mr Wallace found an ally in the PM, who says his first priority is defence of the realm.
Boris Johnson also believes it'll boost Britain's place in the world and create jobs.
The extra money will be used to modernise the armed forces with more spent on robots, autonomous systems and meeting new threats in the domains of space and cyber.
Despite the palpable relief inside the MoD it still has to fill a £13bn black hole in its equipment budget. Difficult decisions about cutting old equipment to fund the new are still to be made.
The MoD, which doesn't have a strong track record of balancing its books, now has to prove it can spend wisely.
And good news for defence might also mean bad news for other government departments - there's already speculation the international aid budget could be cut.
The prime minister will set out furth
I've been investing for many years so the bulk of my pot is in stock I've held for 10+ years but since retiring this year and putting a separate pot to one side to play around with and around 15% of that pot is in EUA. I don't need any get rich quick shares so the stocks I deem to be higher risk (basically anything on AIM) has only a £3-5k initial investment which I'll happily sell out for £10-15k to fund my next cruise.
I certainly admire the people that claim to have £100k or more held in EUA, you stand to win big if this goes the right way. I certainly hope it pays off for you.
I only have about 5% of my portfolio in this one. I keep plenty of eggs in my basket but at the moment this is the golden egg I'm keeping an eye on the most. I was hoping to have been sold by now but happy to wait for the sale announcement as long as it takes. I've got nothing to spend my money on even if it was to explode today.
If that's the case Wolster I'll start calling you none ;-)
I'm 'pretty sure' (don't start abusing me) that the final sale price will give us a share value of £15 just don't ask for any backup data because I can't do screenshots of my wild imagination.
What board am I on?
Dimitryscousin, do you know what the N stands for in NDA?
The number of updates you should expect = N