Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Why would this bounce back because a big sell is out the way? - The only thing to drive the share price up will be demand and that is created by valuable news, not big share sales. Unfortunatly this looks like a significant investor exit and I wouldn't be surprised if there is more to come...I have a low holding here, but it's no longer an investment, just a gamble.
To be fair to 7d the share price is well up if you look year to date. I appreciate there is a significant decline since it's peak and the news flow is weak to non-existent, but the CEO only said the pipeline looked good. A pipeline is not a guarenteed deal, maybe some have fallen away. The facts are in the accounts and to me they paint a negative picture, 7d need another £10million to wipe out debts and give enough leeway to progress, otherwise I can see there being a few bits of good news prior to a complete decline when creditors run out of patience. 0.975 might look like a good sale price in 6 weeks time.
As everyone has alluded to this feels like a weak RNS, sounding more like an e-musiclive announcement - not 7d. Putting this out could be damaging - is there nothing more tangible coming? -The only news on the internet was on the HarrisonParrot website and with 37 instagram followers of Virtual Circle, I'm not seeing this as significant - I also thought Paul mentioned a dance artist being the first live stream?
The ceo touched on this in the talk, customers need licenses to access the music catalogue. ICE is one of those companies that provides licenses so it makes sense for triller to have it.
Triller have deals with Apple and others so I expect more in the future.
If you look at the headlines - H1 2020 rev is down vs 2019, but active customers up from 34 to 45, so less revenue is now being generated per customer. Gross margin shows a minimal increase and costs have been cut. If you are having to take on more customers because each one generates less, you would think costs will begin to go up again. Cash burn looks significant too, £4.3mil left from the £6mil raise and £500k loan (unless it's repaid). They have also had to set up a RCF at a annual rate of 24% and personal guarantees which says Investec see significant risk in the loan and that is the key word...Risk, until that is reduced and growth is significant this share will be volatile.
The results don't have to be released today, but setting an expectation of the 28th and not delivering is not good. It's unusual, but not unheard of to release financial news post 16.30, generally it would be 7am so more likely tomorrow. If they are not released tomorrow there is the forum to ask why.
I don't think the results will be good for 2019, hopefully that will be the last of the bad news and 2020 starts showing positives. We still need more news (our own not Tok Tok's) otherwise I have a concern the price will drift and some of those that bought at 2.25p start to sell.
Everybody on here does know that unless you trade a serious volume the mm is an algorithm right? - It couldn't care less about the company itself.
So Monday is the results day, not expecting a profit, but interested to see what the loss stands at and what the outlook is. I suspect 2019 will put the turnover at circa £7m and expect with clients from up 30 odd to 40+ will show at least that for the first 6 months of 2020.
Re the Tok Tok ban, has anyone considered the Global Tech Partner could be Oracle? - Short term 6 month contract could make sense....covered for music in the short term, but not on the hook if the purchase doesn't come off
It was never going to be Peloton, it's already a great experience, buying the bike or trying one in store would have told you all you needed to know.
It is another client though and they will generate revenue - while it's disappointing not to see actual figures I do understand why 7dig don't publish them on a deal by deal basis. I'll be heading off to JL as soon as they are available to try out the experience for myself!! - I doubt this will impact the share price, but maybe it is more about momentum at this stage....
It was two years and they are fully integrated into the Peloton platform. Yes they mirror exactly what 7digital provide, no point Peloton working with another company when you already own the vertical.....If anything Peloton will buy someone like Hydrow
google Peloton Neurotic Media aquisition
It won't be Peloton -https://techcrunch.com/2018/06/27/peloton-acquires-music-startup-neurotic-media/
I think that is true is Darkhorseusurer, like the rest of us they invest to make a return. I'm not so sure about better informed, usually you get a presentation and forecasts, but that's no guarantee of future success. What is good though is that at least we are getting positive news on the contract front, I'd just like to see the numbers...roll on the end of Sep...
I don't think the shares would have sold out in minutes Darkhorseusurer, the institutional investors would have been lined up in advance of todays issue.
It all feels vaguely familiar, but maybe it will be different this time. The numbers will tell us all we need to know, but right now the company appears to have to raise money every year to keep going...
Well never say never, but multi - billion dollar companies usually drive the hardest deals and currently we don't have a name or ££ details, hence my interest in the numbers at the end of the month. Dealing with the biggest names doesn't always mean the biggest margins...
I'm waiting until the results...I didn't buy the CEO's comment about the 500k loan being to safeguard against Covid, the rate was 18% annually, who loans money at that rate? Only the desperate in my opinion. Lets see if it gets paid off from this latest tranche, although I suspect a significant amount of todays raise is to pay down debt, the accounts will tell us how much debt the company was holding at Dec 19 and Jun 20...my guess is it will be nearly as much as the revenue generated....