Member Info for Malpenn

7Digital now expects to be running an operational profit by the end of the first half of this year.

https://www.proactiveinvestors.co.uk/companies/news/911136/7digital-surges-higher-as-music-streamer-sees-profit-in-2020-911136.html

This was well before the new Triller contract and their hyper growth. I am expecting a very positive impact on their guidenance.

This new BoD must show they are turning the company around. It was expected they reach profit in Q2 this year, I would expect that might be delayed to H2 now but I expect big steps to reduce loses.
Triller is currently the cherry on the top but it's not their sole business..

The delayed results are due to be reported in September and also the interim results.

Personally I am looking at how much of a turn around the company has achieved.

Years ago they were considered to be a 16pence share.

Maybe because of all the fundraisers Larry does for Trump ??

https://www.businessinsider.in/advertising/ad-tech/article/how-triller-app-smartly-poached-top-tiktokers-and-its-cso-to-become-the-no-1-in-app-store-with-zero-marketing-budget/articleshow/77614603.cms

Even if MS or Oracle does acquire it, what will they do with it. They are neither hip or cool, what connections does they have with artists and music companies versus the owners of Triller.

Look at what MS has done to Skype..

The only value TikTok has to either company is user data but the value of Triller is that it doesn't collect user data, only song lists per user.

It's not a hip image that either company has purchased TikTok on the back of instructions from the US government.

Having a hype brand like Triller associated with 7digital is worth more than just revenue.

7digital have enabled Triller to launch new services, if a new customer is looking on the market and sees that 7digital are not only able to provide the service require but also enable customers to offer new services that will attract large new customers.
I believe 7dig previously worked with musical.ly, which moved their users to TikTok, we have a history in fast moving app business, I believe 7digital will become the default provider in this space. Growth will boat the SP and profits will follow..

7digital fosters industry growth and innovation by simplifying access to music for clients such as Onkyo and TikTok (formerly musical.ly).

Looks like just one of those days, MMs drop the price on low volume, very little chance for a PI to take advantage of the price drop and now using a wide spread so that all the buys looks like sells. Hopefully normal day tomorrow.. the market at the moment has no idea how to value 7digital (neither do we !!) but each time there is a drop below 3pence buying takes us back.

More than happy to hold and see some results in September, board must be in a closed period now so I would like to see some director buying after the results are released.

My interest in 7dig is mainly around their technology. 7digital have enabled Triller to launch new services, which increases their revenue and ours. Triller are providing revenue to artists, labels and publishers via the 7dig software - now if I was an artist and I had a choice of which platform to use I would certainly select one which is proactively adopting a payment method for my content, this drive loyality.

From what I have read it seems that 7dig had previously experienced issues with scaling of their services, within some statements they have used wording to suggest they have moved to a Public Cloud provider, which would certainly resolve their scale issues and provide a lower cost of infrastructure to be billed based upon consumption with a monthly cost. There has also been more statements about their customers using their API, which means the customers will be coding an interface into 7digital software, which in my view creates a better integration and partnership between companies.

I am looking for companies that have value in their products and then the profits should follow.

Triller are big enough to work with another provider but they choose to stay with 7digital for a minimum of 18 moths, based upon the growth projected for Triller this is a big win for 7digital and also raises their profile with future customers.

WIth TikTok being banned already in India and the potential sale only covering selected counties at the moment, this provides Triller with rapid growth potential.

The consumption of stream services for products has changed and can be consumed in almost any sector , so at the moment I consider the future very bright for 7dig.

Towards the end I was only getting NT to buy but of course I could sell my total holding, reading into that as you will..

Good summary, only point I would add is that the company expects to be profitable first half of this year. Its taken them along time to achieve this but if they can then the SP would certainly move forward and confirm they have a business model to make profits.

https://www.proactiveinvestors.co.uk/companies/news/911136/7digital-surges-higher-as-music-streamer-sees-profit-in-2020-911136.html

I would personally like to see a disclaimer added which protects lenders to say "Any falsely provided information will result in a formal request to add a fraudulent marker to your credit report"

The lending to key workers was also at the request of the FCA.

Any update from the FCA are likely to be broad guidelines, the FCA will never create exactly policies. I think they will be looking at FOS feedback of cases and I believe two issues have already been identified that they need to be clearer to guarantors about their responsibility to pay of the named borrower can't, pretty obvious really.
Technology will play a major part of their future lending policies as well using "Open Banking" to validate what Amigo are being told about monthly expenses, if the applicant is lying then this will come out as a result of using Open Banking technology.

Amigo's return to lending isn't tied to FCA investigation, this was made clear on the recent web call after results were released. Of course any future lending in my view should be once they have water tight lending criteria and I am sure this is what is being worked on at the minute. We might get a sudden update saying lending has resumed once the business has fixed the current issues in process / procedures.

There has been talk on why we haven't seen Glen on the Amigo website and confirmation he begun on the 1st of August. Just received an email from Amigo to confirm he is fully engaged and once he receives FCA authorisation he will become CEO.
Jonathan's role didn't need FCA authorisation but is required for the chair role.

** A maximum APR of 49.9% ** not all loans go through at 49.9%

High street banks are increasing their APR for anyone that poses a slight risk outside their ideal model and overdraft rates are going back to 40%

Has anyone noticed when the daily sell went through, quickly scanned through but couldn't see it yet.

Shows within a similar sector collections are still very good, interesting company with cash in the bank from tax refund.

Sorry my mistake , it's clearly JB sell. Looking at the wrong section of the RNS

JB sell is 475,333,760...