Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Large trades are often 'Reported' late by MarketMakers so as not to unsettle the smooth operation of the market. Then if the reported trade price is above then the share price of the stock at the time its reported, due to the fairly basic algorithm used by LSE etc what was a Sell can show as a Buy and vice versa.
Travelcrypto for clarity on that specific trade I suggest you look at the thread entitled 'Nerves Frayed - I've Sold out' with myself as OP. I did wonder when it would finally show.
Malpenn, that Proactive article was dated 21st January 2020, look at the more recent RNS of the company, updating operating profit guidance to Q3/Q4. Also don't be misled by the share price of 'x' amount of years ago, e.g. 17p circa May 2015 was when there were 'only' approx 150-200 Million shares in issue, there are 2.4 Billion now.
I'm not criticising you or deramping, just respectfully advising it's in your interests to do the research more thoroughly.
I would agree with points you've made to Brentw1. For me, to sell and lock in the profit was an opportunity I could not ignore, even though at the time I was following twitter and BB posts, many extolling the next rise up accompanied by all manner of GiF's and emojis. I was in a stock called Mezzanine (formerly Courtyard Leisure then Pembertons) circa 2000/1 and had a sizeable holding. The share price took a run from the 6p-10p at which I'd bought in up to around 63p and I didn't sell, thinking there was plenty of steam left - there wasn't. That taught me a salutary lesson re taking profits, plus an accountant friend of my Dad's told me 'Never be afraid or embarrassed about leaving a bit of a profit run to others'.
I'm increasingly nervy about the market in general, especially given the now daily stream of negative news flow around job losses. 7DIG would not be immune from a market fall.
I mentioned also in a previous post about relatively new investors posting having bought in on the back of the tips/tweets etc pushing the stock, having done minimal if any research. It's clear some hadn't checked back even only 1 years announcements as comparisons have been made with the share price of x years ago. I remember reading a Mail on Sunday Midas column tip when the share price was 18p in 2015, , the house broker Investec/FinnCap target price was 34p but also know that there weren't 2.4 Billion shares in issue. When I posted cautionary posts a few days ago, to try and warn newbies from getting too drawn into the hype I was abused as a troll and a shorter. Notably I haven't seen some of the most bullish posters in a few days - have they all sold up and moved on?
Anyway, as I said earlier, good luck all. I may well buy back in if the SP falls back further as I do feel positive about the prospects, but if I have bottled it & missed the boat then that's fine, I did ok..
Sold this morning, having watched 7DIG's huge SP increase over this past number of trading sessions my nerves were frayed so I sold my 6M shares for 3.7p, for which I originally paid between 0.18p & 0.24p. It's been trying being a LTH in this company, quite the emotional and now financial rollercoaster. I lost money under the previous BOD's tenure, sold out briefly before buying back in at a lower price after the new BOD took over. While confident about the Company's future under the new leadership I personally feel that the MCap has risen too quickly and wanted to lock in a considerable profit in addition to recouping my previous loss. If the share price falls back to where I feel there is value buying in again I will, if it spikes back up over next few days to 5p etc touted by others then so be it. Good Luck to everyone. I spotted a few other LTH'ers who I recognise have also posted over the last few days re either having recouped losses and/or finally made a profit too which is good to see.
Good luck to everyone here - I'll still be watching with a keen interest.
Market Maker, who set the share price and through whom trades are matched.
There are glossaries of stock market terms online you should avail of.
CJ Sterling - don't forget though, there were (at least) 2 Billion less shares in issue 3 & 5 years ago before comparing share price directly. There are currently 2.4 Billion now.
Here's hoping for a good day though!
There isn’t a NASDAQ or OTC listing. The only was for US based investors to purchase the stock is if they have a stock dealing a/c with their broker that facilitates them dealing in stocks listed on the LSE (London Stock Exchange).
Hi Barnetpeter, good to see another long time holder - I was through all that too, what a rollercoaster of emotion & financial pain. I sold out for a short period when the full financial woes facing the company became finally clear, taking a loss. I had totally given up on the company ever recovering. I bought back in at prices between 0.18p & 0.24, as I began to feel the new BOD could turn the company around, and now hold a sizeable amount. Currently watching things unfold with interest!
For me, it’s difficult to tell where it will go. It is dependent on continuing positive flow of contract wins and renewals. LTH’s have been through a hellish ride with this company, which is why I have been very circumspect having had my fingers burned during the previous BOD’s ‘management’. I have been falsely accused of being a shorter and been abused on here recently for not following one posters multi bagging mantra.
I am hopeful for continued growth but am not going to make share price predictions. I would add that after initial period of uncertainty Im happy that I now feel confident about this BOD’s ability to develop the company.
LTH’s will know that 7DIG already had a conTracy with Triller - I’ve scanned back to confirm from when, see announcement from 17/08/2018.
This deal extends & strengthens the tie-up.
Markrussell, Hertstrader , Maidit308 - apologies to you all.. I hadn’t spotted that the trade was detailed as being on 31st, Friday... What with everything going on and not working I find it hard keeping track of the days too.. It’ll be interesting to see what the SP does over the next while. Though it’s worth bearing in mind that there are 2.4billion shares in issue unlike a couple of years ago when comparing the SP’s at different times.
Given that TikTok is a client it will be interesting to see what plays out given Microsoft’s keenness to buy its US operations
When did the London Stock Exchange introduce Sunday Trading?
Ok, well why I believe the large trade of 7.9M shares was a delayed reported sale is because it was at .48p at 13:31, if you look at all the other trades actually reported around that time, the mid-price was above that...
But hey, what do I know?! - let’s not fight lol...
Maidit308, if I’m wrong I don’t mind, but check for yourself the list of today’s trades on ADVFN. I think it’s more accurate than LSE esp re the large trades which are often reported later that they were actually dealt by the MM’s.
Rgds
Look at the trade time, that 7.9 million shares trade wasn’t at the close, it was at approx 13:30, so likely was actually a sale given share price at that time....
Yes SimonsFuture, I would agree that new contracts are key rather than renewals. However the renewals with major clients of 7DIG are I feel a ‘vote of confidence‘ as such in the Company both that their technology/service is good & that especially after new BOD etc having been put in place that it is being well run. I’d rather see these than not, any & all positive communication is to be welcomed I feel esp after period of uncertainty 7DIG went through.
Best wishes....
It was reported late, as MM’s can delay reporting large trades - the trade time was actually 12:23pm.. A minor point possibly but worth pointing out I think... ????
Like Rob I would still view it as pretty positive esp given the current situation we're in. In the past shareholders have complained about a complete dearth of info/updates, so it's good to see 7DIG informing that they have taken steps to lessen the risk to to company. I had wondered if there had been been an impact on the business and it's clients so was pleased to learn that none have been lost and cost savings have been made. While it's unfortunate that the move to trading profit will not come until later in the financial year I'm at least glad we have been informed of this so expectations managed and the BOD are being transparent re projections.
TK and the new Board have only really been in control for still a relatively short time, I wouldn't have expected them to suddenly wave a magic wand on appointment or shortly afterwards, it will have taken time for them to fully get to grips with how the business is currently working and to start implementing changes.
The marketing/PR for Jazzed is certainly up & running - I just opened Facebook a few minutes ago & no sooner had I started scrolling than lo & behold a sponsored post for Jazzed appeared promoting the new service & including the download links etc...
Hi 100QuidPunter - yes, the large Subscription last September alone added over 900M new shares..
100quidpunter, re the share price, a word of caution, you're not comparing like with like, there has been a heavy dilution in share capitalisation over the past year, there are now over 2B shares in issue. EG. If the shares were to go up to 10p, the Company would be worth £200M, which is currently fantasy as it isn't yet profit making.