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Airlines can come and go but planes are a constant. Rolls Royce engines aren't easily bettered by a magnitude of 10 or more besides maybe Virgin Galactic who are at least a decade off and won't be for the masses until 20+ years from now.
@Oldfinger - the market can be considered as a heroin addict who offers you £1 for a bottle of water one day, £10 the next and 5p the day after for the same bottle (not in any specific order)
Yasawa,
The way I see it with your average being around 14p:
1) you're not the only one
2) a little good news will spark a buying frenzy, we may see 10p very easily (sell/reduce your positions at a smaller loss if you wish)
3) the bank facility could easily be extended past December because of the second lockdown.
4) lending restarts 2021 with an improved structure
Buyearly, totally agree. More focus required on big contract wins rather than breaking-even or small profits. A loss making tech company will always receive funding when the product/service has the potential.
YouBigDosser, agree with your point.
Buyearly, feel like Triller was the reason for the recent boom and without the Global Tech company being announced it's not likely we'll see another rise. On top of that, the global tech company will need to have a MCap in the 10s/100s of billions.
How would 7dig make £2-3m profit a year, are the contracts that lucrative? I know Triller brings in roughly the £10k's per month
Cloudstrife Not true, private healthcare is lucrative because of you old farts.... I assume you're 30+
But you are right to warn the investors of this trap, a dead cat bounce is going to be painful for some
Cloudstrife is rough around the edges with his comments but the rampers here pretending to be long term holders are worse
Can't really be harsh on Adam Sandler anymore, Uncut Gems was a good movie
AMGO was an insane share for trading over the past few months. I made three trades: 8.8 to 18, 12 to 14 and 12 to 11.
7dig seemed a promising investment, not trade, but putting hope on one or two contracts just doesn't make sense seeing as one alone is worth peanuts relative to a £46mil market cap. Unfortunately I was very accurate with my triller revenue as confirmed by the webinar, in the £10s of thousands per month and this is one of the high profile contracts.
Are we talking long term over 50 years? The average person makes a million over 50 years
One contract, whether it's what most would consider a global tech company or the literal meaning of global tech company, does not matter. Single contracts are not worth much on their own.
We need a constant growing stream of contracts because this business model does not make much from just the one. Not saying it's a bad business model but it requires concentration on growth to revenues far in excess of £6mil.
People seem to think business costs are not somehow related to bringing in turnover, they are commonly directly proportional.
For a tech company the timing seems wrong to change from focussing on growth to aim for break-even or small profits when contracts such as Triller can only bring in circa £180k over its term. Of course this is a ball park figure but even if it's 200% out it's not much difference when we're talking about one of the top customers for a £47m market cap company.
Businesses producing £1million profit a year with competitors, view to some expansion and little downside are available for £12mil to buy and own 100%.
We need to focus on growth and bringing in an abundance of contracts, not trying to be some standard off-the-shelf small profit making business.
Based on TikTok Music fees, Triller with 50 million active monthly users would roughly generate £10k a month for 7dig if we're lucky. Over 18 months that's £180k leaving £120k gross profit.
If we're now looking to become a profitable company that moves us away from the growth stock category, which is quite worrying in terms of a market cap of £47mil with only £6mil a year revenue