MQA12 Aug 2016 11:54
JARV55 - it's a very interesting company. If you look at the dynamics at play, emerging technology, market trend for streaming vs. downloads, market leading position with recently decreased competition in this space, a scaleable operation, a timely and complimentary acquisition, with a business that's bordering on profitability (let's not forget 50% of rev in foreign currency so that will provide new momentum) together with ties with industry music players e.g. Warner Music, then this all makes for the classic dynamics of an attractive investment, which looks to be at a discounted share price. I put that down to liquidity, questions over funding (which appears to be okay) and forced sellers (the conditions for 7Dig I think have changed since those forced sellers commenced their exit). I like the management too- they are measured and patient with the comms and managing expectations. Saves significant gyrations in the share price. I sense that when solid news is delivered (start of which will be the MQA tie ups in September results announcement as flagged by Cole). Anyway a few thoughts an of course all IMHO.