Member Info for mcadder

itisagame - I would certainly agree with that theory here. The whole thing could just turn out to be a storm in a tea cup

I think if a large holder was looking to offload they'd be selling far greater amounts like several million at a time fwiw

Looks like another nice 1M buy just moved up the bid :)

Perfectly possible pbody that someone had sold down and as yet not notified the company but either way one sniff of good news here and this will fly! On fri afternoon there were more buys trickling in with people paying on the ask at 0.90p.
Another couple of decent buys would probably have moved this up to 0.95-1p on the ask so bodes well for this week coming...

Well JW did say recently in the final results RNS -

"Interest has not been limited to the UK alone and we have term sheets from overseas institutional investors"

so it's perfectly possible here!

I'm pretty sure that at about 2pm it was 0.80p on the ask and 0.75p on the bid....the 2x 15M trades at 0.70p were at I believe 14:09 and 14:40 yet the SP finished by close of play at 0.85p.
Therefore I would have expected 2 big sells like that to have dragged us down into the 0.6s? Either way though it's well behind us now only question is if they were straight sells then where's the TR1? Seems strange but a good update here this week will see a huge change in sentiment and upward movement in the SP.

pbody - yes from 16th Aug RNS same date trading suspension was lifted following delay of publishing accounts -

"New interim CFO in place and recommended improvements to financial reporting systems being implemented"

As for the video your wrong it was published 6 days after suspension was lifted however you suggest that trading had to stop not long after the interview - not correct.
However the video was only published to explain reasons for delay of publication of FY17 results along with some detail of the company going forward. The fact that trading had been suspended for over 6 weeks with this video following on only a few days after lifting of suspension probably didn't help.

In terms of RNS's it would seem that client confidentiality for 7DIG will always delay release of news for awarded contracts until the services have been launched -

"Whilst issues of commercial confidentiality will always prevent us, before services are launched, from revealing the identities of many of our new clients, I am pleased to see the global scale of the business we are winning continuing to grow and that the clients we are winning now are in the business of delivering digital music to the mass market in all sorts of innovative ways".

However should there be any material news such as a major shareholder going above or below 3% then they are bound by market rules to release like any other company as soon as they are notified however if any shareholder has crossed the threshold then it is down to that shareholder initially to notify the company of this fact.
I assume you are referring to the 2x 15M sells at 0.70p which showed up on 4th Jan at 14:09 and 14:40 if my memory serves me right. I remember seeing these trades but find it surprising if anyone was selling such large amounts within the space of only 30mins that they would have got 0.70p for both chunks bearing in mind the SP at the time.

I do agree that the company could do better with it's PR in some areas however the issue of client confidentiality until services are launched will always restrict this. Having said that I do see 2019 as a transformational year for them and I also believe now that CES event is finished that news is imminent on several fronts with regards to awarded contracts, payment of the tax bill and discussions regarding the future of the Juke music service. The preferred option is the continuation of the service however if they did close the service then the company will still receive a termination payment. Based on numerous other revenue streams and new contract awards as well as £6.2M consolidation and restructuring savings I don't see this as an issue either way. Current SP represents a great opportunity imo...

"Fantasy speculation"???? Seriously what planet are you on???

https://youtu.be/UEYJKzpqVxk

Recent interview re 7DIG - with the recent restructuring now complete the company should now be returning a positive cash flow imo from the back end of 2018.... quote from 7m30secs onwards

"but the real thing that will take those losses away and turn us into cash flow positivity and pbt profit will be the consolidation of the platforms and the taking out of something around £1.5M of costs in a year and that will show a real change in the business - that for me is the inflection point we've been working to for the last 3 years" etc etc

They had aimed to complete the consolidation by October time - the last RNS confirmed this was complete in last quarter of 2018 so in this respect they have delivered here

Some positives from recent RNS -
"reducing the company's cost base by an annualised £6.2m"...... This is represents a further saving of £1.2M on top of the £5M they planned to save as part of the restructuring

"All the Company's operations have remained stable during the restructuring"......so business as usual during this process

"final quarter of the year saw several contract wins with US based technology platforms, major record labels and broadcasters" ......as I said in my previous post 7DIG announced several contract wins at the end of last year's CES event (12th Jan 2018) so with this year's event now concluded I'll be expecting an update on more detail of these contracts.

"Based on expected receipts, the Company is confident that the full amount due to HMRC will be paid in advance of the hearing."

"The Company is confident that the Petition will be dismissed".

Regarding the tax bill I doubt that the nomad would have allowed them to say in the RNS that they are confident of paying the tax bill and confident of the petition being dismissed
if there remained a large degree of uncertainty around their ability to pay it. Plus it stresses the tax bill only relates to their subsidiary company NOT the group's main business.

"A further announcement will be made in due course".

So despite some believing that there won't be an update that the bill has been paid this line tells me the market will be updated which if in advance of 16th means Mon or Tues.

The ongoing discussions regarding the future of the Juke music service basically give 2 possible outcomes -
A continuation of the service but with 7DIG taking on more responsibility for certain aspects or closure of the service which will result in a termination payment. So either way certainly not the end of the world for 7DIG in light of increasing revenues overall for the company.

Highlights from Interim results 3 months ago -
the six months ended 30 June 2018.

Strong progress in bolstering position as the world's leading business-to-business platform in streamed music and radio services
Accelerating high-margin revenue growth:
Total revenues up 52% to £9.3m (H1 2017: £6.1m)
Licensing revenues up 49% to £6.0m (H1 2017: £4.0m)
Content revenues up 84% to £2.1m (H1 2017: £1.1m)
Monthly Recurring Revenues up 36% to £4.3m (H1 2017: £3.2m)
Gross Profit up 48% to £6.6m (H1 2017: £4.4m)

Their operating loss was £2.6M however bearing in mind they have made savings of £6.2M over and above their projected £5M with restructuring along with increase in revenues and now more contract wins I see there being a decent chance of seeing them begin to return a profit this year.

If you had followed these projects for years then you would have seen the value at buying in here when it was as low as 0.24p just under a year ago or was the price too high then like it seems to be too high for you now lol....some of us well researched individuals were buying around the 0.24-0.40p - we are acutely aware Lurker of the level of finance required here to get the project away thanks very much. Good luck with your entry point

On the subject of income Lurker Infa will start receiving income to manage the construction phase from the outset so we will not be waiting a long time as you claim

Face it Lurker you've missed your opportunity to buy cheap when this dropped very briefly back to 1.06p before surging back to over 1.4p! By the way we're not really interested in you telling us if or when you trade here some of us have been invested in Infa for a long time and are sitting on pretty decent gains! My guess is that you like the Infa story and are still hoping for a cheap entry point otherwise I see no reason why you would bother wasting so much time here....

Fantastic week! For all that held the faith here especially during the dark times we are now reaping the rewards with further upside to come! Champagne on ice in anticipation of equity news although may not need the ice with next week's forecast....perhaps some of the snow from Loosegoose's neck of the woods will be finding it's way over here? Better turn up the heating and get some of that gas from storage used up lol

Interesting to note here that 7DIG announced several contract wins on 12th Jan 2018 - which just happened to be on the last day of the CES event in Las Vegas last year. With this year's event finishing this weekend it's reasonable to assume that next week we will learn who exactly contract wins with the US based technology platforms, major record labels and broadcasters are along with resolution of this damn tax bill lol

I really do feel for those in here sitting on paper losses but we are where we are with the current SP the last few days which has presented a decent opportunity for us new investor's to climb aboard.
A sudden change in sentiment helped by confirmation that the tax bill has been paid and perhaps some info on who the recent contract wins are with once the CES event is finished should at least push this back to over the 2p area.

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/010919-dutch-court-to-hear-requests-to-cease-groningen-natural-gas-output-on-jan-17

NATURAL GAS 09 Jan 2019 | 16:57 UTC London
Dutch court to hear requests to cease Groningen natural gas output on Jan 17

London — The Dutch Council of State, the country's top administrative court, said Wednesday that on January 17 it will consider requests for production at the giant Dutch onshore gas field Groningen to be halted with immediate effect.

A production cap has been put in place to limit the impact of earthquakes linked to gas production at the field, with the quota for the current gas year (October 2018-September 2019) set at 19.4 Bcm.

The Dutch government has vowed to gradually cut Groningen production and to halt all production by 2030.

But a number of plaintiffs have called on the court to accelerate the end of Groningen production.

Pretty good RNS today however from the reaction of the market today there must be some concern re cash balance of only £112k and the possibility of a further placing

Lurker - no one is saying the EU is having to step in! That paragraph was an assumption of what the EU is probably thinking out loud towards our own govt but presumably you read my post and already know that! I'm sure you are also aware of the ongoing application for the £40M EU grant which as well as stakeholder funding could be the icing on the cake if we receive all or even part of it.

https://theenergyst.com/economy-energy-latest-supplier-fail/

Economy Energy latest supplier to fail
JANUARY 8, 2019 BY BRENDAN COYNE

Economy Energy has ceased trading.

The supplier, which had around 240,000 domestic accounts, is the latest casualty of the independent energy supply market and its closure was widely anticipated.

Ofgem will now appoint another supplier to take on its customers and ask other energy companies to pick up the tab for its levy liabilities.

Energy market experts have predicted that more companies will collapse do to risk mismanagement and inadequate finance.

Some have suggested the domestic market “could implode” due to spiralling levels of debt, with even a large, ‘big six’ supplier at risk of going bust.