Member Info for IntrepidInvestor

Hi Ts182.
Calculating an appropriate marcap for 7DIG is notoriously difficult due to its ‘turnaround’ status; all the historicals are irrelevant, insomuch that they are pre-strategic re-focus. We can only guess at new numbers until guidance provided, so any Marcap-driven decisions are simply based on what we think the triller contract is worth (what would the reasonable person pay for that contract) plus what we think the new strategy will yield in new business. I suspect being involved with triller is a big boost to opening doors to other opportunities, but whether opportunities are converted to revenue stream, only time will tell.
I have faith that the BoD chose their new strategy knowing where their strengths lie and knowing where the low hanging fruit is in their industry. So I hope this will mean a new period of profitability; and it doesn’t take to much in the way of profits to justify a marcap of c £43m.
Cheers
Intrepid

Hi all.
The SP looks to now have momentum on the up, for the first time since the placing.

I added more a couple of weeks ago, having entered during the placing.

My reason for partaking in the placing was the triller angle. Nothing has changed for me; I feel this is solely about the triller relationship, currently. My guess is the rising SP is a signal that things are going well at Triller and therefore 7DIG.

Sure, the other structural strategic moves might be behind it, but I simply look at Triller and think ‘massive potential - long coat-tails’ and 7DIG is standing squarely on them.
I’m therefore expecting a trading update to surprise on the upside in the next Q or 2.
All the best
Intrepid

Hi Doog58
I’m happy with this still appearing a bit ‘under the radar’. It gives me more time to keep loading up before the SP catches up. Great prospects here; both COVID and post-covid.
All the best
Intrepid.

yatak,
maybe I'll give it a try if these shares hit £25 by friday.
just for fun, you understand.
intrepid.

hi yakat,
sorry, but it never occurred to me to take selfies with him. I am to old skool for that.
intrepid.

hi wilson63.
i appreciate your comments - we have mutual respect, I feel.
I'm sorry if my post today just seem 'JD bashing' - that was not how I read it or intended it. it was one comment amongst several.
As for my 'sniping' because I sold some earlier - that was a decision based on risk and personal to me. I am very risk friendly, but I think it is fair to say that I could easily feel I got it wrong with the sale at 4.5p - but I always sleep very well at night and the money is now tied up in other things which I am very pleased with; it's also always partially about 'opportunity cost' with me. The real issue is that, had I not sold at 4.5p, I would not have invested the cash in the other opportunities, and I am certain I would now be wanting to sell that 460k of BIDS today but not maybe buy into the other opportunities due to their own rises.

Investing is a great activity and I have always loved it, even in the darkest days (which we all have). But I stopped worrying about the ones that got away years ago - you should never 'back-job' is the old stock market saying that best sums that up. I just focus on the details of the share I am in or intend to be in and occasionally review portfolio profile.

btw, I'm not down on BIDS and still hold 110k for free, so can hardly consider myself as having 'sold at a loss'. the last batch were from the last placing at 4p, (so a small turn) and I had profits from the 2019 wave as I managed to sell out a big chunk in the early 20ps, as is documented.

I want BIDS to carry onto the cash generating machine it has the potential to be; but I am not 'in love' with it to not reason through all the detail and come up with my own thoughts.

No doubt pick you up on the other mutual BBs we inhabit.

all the best
intrepid.

s/b 'toodle-pip'

Hi again Calamari,
re your 'other thoughts' request:

as you asked:
he seems bright and capable. He knows the sector, but from an advertisers perspective. I don't think he really has a handle on his 'end users' (gamers) to the extent he needs.

he has been most visionary and shown great tenacity in getting the business off the ground. that is a fantastic achievement on it's own and no-one can take that away from him (and Fran, his co-founder). It is a shame he has relied on 'puff' along the way - I firmly believe he'd have still achieved the same great outcome without it (arguably even more).

I look at him and see someone with a lot of stress in his life, or, most importantly, he gives the impression of someone who has yet to figure out how to process that stress safely, and he is at that age and profile where he needs to get on top of that, pdq.

All in all, he has done a great job getting BIDS going. The question is; is he still right for CEO? Or, put differently, most risk-takers make great 'seeds/plants' and can get things going, but they make terrible 'completer/finishers' and rarely 'see it through'. Time will tell if he is the exception to that general rule.
doodle-pip
intrepid

hi calamari,
you are spot on. it's the 'key man' risk I was referring to, and by putting a bit more relevance than the 'under the bus' statement. As I said though, I no longer see him as key in the way the market might - again, that's my view and likely contra to the general consensus.
cheers (which might reasonably infer I also like a tipple myself, so know one when I see one?)
intrepid.

HI Calamari,
I have met him and I therefore believe it is a risk; therefore stated it as such. But that is my perspective - others who know him might reasonably judge it no risk at all. As for COVID- who knows?
intrepid

hi Hivedoff,

I understand your perspective, but I can't agree with you. I now only hold 110,000 of these because of all the nonsense that JD spouted in 2019, not because of anything anyone else said on here. If he'd only kept to the golden rule of 'under promise, over deliver', we'd all be in a different position. I have stated that I don't trust the guy because of all that, and I won't change my mind back easily; trust is like virginity, we all have it to start with, but when it's gone, well, it's gone.

That said, I have no intention of selling the remaining shares as I am in for free. I have always believed in the sector, I guess I just don't believe quite so much in BIDS now (hence the smaller holding). As for those saying all the "200p by 4pm" and "well done JD/BIDS" et al, please all remember my once oft-repeated stance............. "SHOW ME THE MONEY". Once we have the results RNS we will all be able to judge just where this SP should be. Until then, this is still firmly in the 'voting machine' territory (where all the risk is often found) and not the 'weighing machine' era (where the money is usually made).

Until then, any forgiveness on the part of JD is simply to early. if you don't believe me, here is a list of some of the actual risks facing the business:
1. lose code masters contracts - new owners have different ideas as to who they partner with.
2. JD didn't add 'significantly' into the update RNS, because it was marginal - and growth is not as frantic as the recent SP suggests.
3. BIDS is in a 'test' period with some of it's game providers, competing with it's rivals for exclusivity across the suite of titles and it is not selected for that exclusivity so loses titles. Or it does not win many new titles against the competition.
4. JD succumbs to the demon drink/COVID. I don't think this is a major risk, because I don't see him as vital anymore.
5. cash burn rate is not being dealt with and next cash call is larger than expected/dilution pains.
6. JD raises money any day soon, whilst the SP is high(er) - this is really only a short term SP risk, but you get my drift.

I completely understand that all or any of these reasons can work the other way around and boost the SP, but I am trying to highlight 'risk' that still exists. I'd rather these crept up at 5% per month over a few years than 10%-25% per day for a few months; it's just my experience telling me the former is more sustainable than the latter, in most cases, particularly when there is no data to pin the SP to.

So hopefully you don't all think I am being negative, because I am not; I am just keen to avoid the BB becoming a rampers haven just like in the summer of 2019 (which I was a part of, btw).

all the best
intrepid.

Hi B2H52L

I agree with you. The new Corporate Development role brings real focus to ‘growth’ and what to do with all the cash being generated (a.k.a. “Who do we buy and why”).

It’s clear Anthony found himself out of his depth with the new demands on the financial team and BIDS brought in a consultant to assist, who, simply put, liked what he saw and decided to stay.

I’d wager this board shuffle will result in a delay to the guidance/results, whilst the new CFO carries on with implementing changes within his function. But that’s a guess; he might want to set his stall out with a very quick ‘guidance’ note, to show he is already in charge. That’s what I would do.
Intrepid.

My guess is they have been accumulating during the recent pullback at a leisurely pace; I guess they plan for a higher stake than the declared 3%. If correct, it will underpin the SP in the new year. I hope you all managed to top up during the pullback as I get the feeling we may move higher from here; again, at a leisurely pace (my favourite).
Happy new year to you all. I hope 2021 is better for our social lives & health, but I’d be surprised if it beats 2020 for investment returns. One can only hope.
Cheers
Intrepid.

Hi Highland.
I think these are likely to be a slow burner throughout 2021 and 2022, driven by RNSs that demonstrate ‘traction’. My gut feeling is that the pandemic and the fear of a large percentage of the world’s population of the same, will provide a strong tail wind to this sector and its ability to reach critical-mass.

At that point, I expect a takeover by one of the bigger players. I have pencilled in 18.5p by end of 2022 or t/o at similar level before then. All guesswork, of course.

Main thing is the deal was completed. Looked a bit close to failing at one point.

Cheers
Intrepid.

Hi leec1234.

I believe I won the ‘guess the SP at Xmas’ competition run back in the autumn, when the SP was hovering just below £12.

From memory, there were a couple of ‘below £5, with everyone else in the £15-£30 range. My answer was £11
with no trading update and c £21 with one.

But I incorrectly predicted touching £15 by Xmas before drop back. They got closer to £5 than £15 before Xmas so, on the whole, the few of us with lower predictions than the then current SP shared the podium.

What now for the SP? I see it running up towards £15 before the end of January and leaping to c. £22 once revs update RNS released. But we could be stuck below £10 if no revs update before end of Jan.

But it will eventually arrive and the SP will find its new level.

All the best
Intrepid

Hi jets1990.
Of course the house purchase has been mentioned again. In view of it being the only RNS of any significance in weeks, it has become the sole reason the SP is languishing where it is.

I’ve not bought back nine I sold at 179p yet, and probably now won’t. I am happy with the exposure I now have and have found a better home for the £ raised.

Sorry to repeat it but the pdMR was huge. And I know many of you on here refuse to accept that, but that’s all about psychological anchoring- look it up. It’ll boost your investments returns.
Happy holidays one and all.
Intrepid.

Morning all,
I have topped up this morning. Paid 858.69p. I figure these may drift back thru the day but I’ve a busy day so can’t watch n’ wait, nor risk a limit order not being reached.

I suspect the update will come in the new year.

I think testing is clearly here to stay all the while the virus keeps mutating (which is, er, forevvvvvver!).

It’ll be the summer before we are over the worst, and the ‘vulnerables’ are all vaccinated.

What do we think the collective noun for a group of vulnerables should be? I volunteer “a ‘waiting’ of vulnerables” or “an ‘anticipation’ of vulnerables”.

Any others?

Meanwhile, Merry Christmas to one and all. Have as festive a time as all the restrictions and rain will allow.

Best wishes
Intrepid.

Morning all.
Can anyone with relevant ‘micro-cap’ mining stock experience comment on today’s RNS? It appears very bullish but I have no real understanding of what the numbers actually mean, in terms of likely monetisation of the project. I assume an SP boost but what sort of gold, silver & copper deposits will the site now likely yield?

All the best
Intrepid.

I don't think LTH need more updates. After all, the results every 6 months are plenty. Now it's clear 7DIG is on the right path, I'd rather the CEO and team focus on delivering; they can tweak things to make themselves more attractive to family offices/micro funds in the meantime, but as long as they keep signing the deals (which RNSs will ensue if the deals are big enough) then that will do. Once financials are confirmed, the SP will react.

If anyone was left in doubt as to whether this was a 'buy and hold' for 2021, I'd love to hear why. 7DIG has today become one of the most interesting stocks I hold (and there are quite a few that could claim that crown, currently).

all the best
intrepid.

Hi logan116.
Re your comment: “What is driving the low confidence in the market?”
It’s Noel Edmunds’ daily re-runs of Brexit’s “Deal or No Deal”

Lots sitting on their hands waiting for that outcome. Me? Personally I think it doesn’t matter long term as the deal being proposed is uber-thin, but I have hedged for ‘no deal’ as I don’t believe the EU wants to allow us any chance of succeeding on the outside as the UK will become a beacon calling all the other sceptical nations still stuck in it. So, either no deal or, intoxicatingly, no brexit (the EU could still capitulate on the issues that caused brexit, even at this late stage - I think you can get great odds on that one as it’s so unlikely, but still possible).
We could be in the doldrums until new year.
All the best
Intrepid.