Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes, I agree, what’s not to like, all very positive.
I also really like Suzy’s engaging personality & enthusiasm which is very infectious. A breath of fresh air compared to the stereotypical dull as dishwater CEO/Scientist.
Well done Suzy and the team and ‘Keep ‘er lit’ as we say in this neck of the woods..
GLA
I would agree, if there was to be a change in what had been given as guidance in a previous RNS re an announcement within a given timeframe, then if there to be a change to that I would expect that good communication etiquette & management of shareholder expectations would mean an update to that effect would be issued. This would help retain shareholder confidence & respect.
Yes, a Banner or ‘holding page’ with that info on the Chat section would have helped manage user expectations too. Communication is key to keeping users informed so while they may be frustrated that the site isn’t fully functioning they’re at least fully aware of the issue.
Folks - remember that there will have been a key update only the day before, as both the 2019 Finals and Interims to 30th June 2020 will be issued on Monday 28th. Alongside this will undoubtedly be an update on Current Trading/Contracts.
Having followed and been a LTH'er in 7DIG for a number of years, often in the past there was a 'new' announcement re a contract. While that may possibly have been to give a bit of positive news along with often disappointing results, there may possibly be a contract announcement or at least update. The current BOD may operate differently of course.
However it pans out I view the webinar as a very positive step in engaging with shareholders, and helping transparency. I would imagine the webinar will link with the previous days announcement.
Any shareholder in 7DIG who has either owned their investment longer than approx 5 weeks and more recent investors who have at least researched through the last couple of years Company history should know that the results for 2019 will not make for pretty reading. This is because it’s mainly dealing with the activities while under the previous management & resultant tidy-up/rescue. The 6 months to June should hopefully, while still lossmaking, evidence that the Company has turned a corner & is moving in the right direction re cost cutting etc. What will be of most interest is any Current Trading Update where the impact of recent contract wins will be outlined, an update on hitting profitability & possibly announcement/update re new contracts.
It is thus critical that investors look deeper than the past years figures when results are announced.
GLA
Hi Fuzzbox - hope alls good with you, did you go on your buying spree of vintage acoustic guitars with the profits you made from selling your 7DIG holding?
Here it is, an interesting listen....:-
https://www.lse.co.uk/media/7digital-ceo-paul-langworthy-updates-investors-on-7digs-latest-contract-wins.html
GLA
Enjoy purchasing those guitars Fuzzbox. Pity it hadn’t been a ‘64 Fender Stratocaster in classic white with triple single chord pickups & a whammy bar you were going to buy after having played the ‘Can I help you riff’....
Would’ve tee’d me up nicely to say. ‘No Stairway to Heaven’..... :-)
CJSterling - I'm on LSE right now, 6M shares didn't cost much when they were 0.18p - 0.24p (the prices I bought between) for most of the past year. As Fuzzbox has accurately said a large holding could be bought for £10/£15k then. Lots of traders of levels follow the BB's such as LSE, ADVFN etc. I'm just a private investor, but took a bit of a gamble at the low prices. I'd have been called crazy by many, but a bit of judgment and good dose of luck/timing has served me well. I won't be posting re that trade again as I know having been a LTH here, a lot of people lost money. Have only posted about it to clarify it as it has been used both here and on Twitter as example of large buy which may attract in inexperienced newbies at the wrong price point.
GLA
Guidance was amended re operating profit, to Q3/Q4 due to COVID delaying renewals/new contracts . See later RNS's
They did though negotiate a handy £750k saving on lease/rent of offices to help offset..
I must admit Malpenn - that has been of interest to me - during all this mad period of trading, there hasn't yet been one TR-1 Notification either as an intial breaching of notifiable ownership count, or Increase or Decrease. Will indeed be interesting to see if/when any are announced. The Chairman Tamir Koch and David Lazarus own a huge amount of shares in issue between them, approx 57% from memory(?), not sure what other large or Institutional ownership there currently is - haven't checked in ages.
Fuzzbox - your post on Wednesday at 22:12 is bang on the money, so to speak. A very accurate description of my position. Due to the size of trade and that price was dropping back from 4.6p early spike, 3.7p was the best price I could get for 6M shares. An old adage is true, it's easy to Buy a share, much harder to Sell as emotion can come into it, esp when Twitter and BB's are in meltdown with '5p by lunchtime, 10p by Friday!!!!" predictions. I was relieved once trade confirmation received and proceeds in. I've dipped back in since, but only with an amount equivalent to my toe-nail of my small toe, not both feet and hands too...
GLA
Not stating who the contract is with is quite possibly due to the client confidentiality, them wanting to make a separate announcement relating to a new service add-on to existing product or a totally new service. I would imagine further announcements will be made in due course by both parties.
Dr. Anomaly, just to confirm, that 6M trade at 3.7p on 18th was my Sell. Check earlier thread entitled 'Nerves Frayed - I've Sold Out' for clarity. I'm only posting this as others are making wild assumptions that it was a Buy by someone 'In The Know'. It wasn't, it was a Sell by a long suffering LTH'er who was keen to lock in profit..
GLA