Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Good to see the spread so tight 5.2 a 5.26, but cant get a quote on the buy side for any quantity. So what has happened to the update?
And deprication and amortisation. Must brush upon my accounting! Suffice to say we can dream big.
I wish you could edit posts! Ebitda margin in the case below is 30%. (Ebitda/revenue) Ebitda to pbt needs to reflect interest//cash exceptionals/income on derivatives/share of joint ventures so arbitary on amount but with an ebitda of 12m without exceptional items the adjustment down on a conservative basis and historical record could make 10m a plausible number.
If we were to schieve revenue of 40m we could look for a total gross profit of 30m if operating expenses stay at 17m we could be looking at an EBITDA figure around of around 12m and with subtracting an ebitda margin circa 20% we could be lloking just shy of 10 m profit before tax. At a pe multiple of 20 7dig could be values at 50p, 200m market cap. Now revenues for next year are forecast for 24m if we can snag a couple of blue chip companies on top of mms we could get a multi bagger and those are the contracts reading between the lines we have in the sales pipeline. Heres hoping.
Just to add look for the normalised pbt in reference to target figures not reported pbt (this is forecast quite a bit higher 4m) The operating expenses should be around 16m. As costs for h2 2017 are due to increase 70 odd %. I must admit i thought the integration costs incurred were a one off but opex increases to 17m plus in 2018. We must get to the point where the fees from new contracts go straight to profit. They must also get a handle on costs because what interests me here is the huge margins but evidence of which need to be made clear. It has been a long road we deserve some luck and a clear and positive update.
Possible update tomorrow if it mirrors last year. What are people looking for?
It is heartening to see that they have splut their contract news with the financials update which i am intepreting as the financials need no support. By that i mean that the reporting of the financials does not need the added gloss of contract wins to balance out unfavourable financial news. So looking forward to good numbers. I would like 7dig to adopt the mantra 'under estimate over deliver'. If they have feed through to Edison a figure of a 2.9m loss then they should add in a 10% contingency and state 3.2. If 2.9 is the figure management look good and anything around 3.2 is seen as market expectations. But although costs will rocket h2 revenue should outweigh for the 6 months with 0.5m of addition monthly income from july coming in. Still be happy once the numbers are published to back up my hopes. I am hoping their will be a forward looking statement addressing pnl. It is this and only this that will drive the sp to the multiples of the current sp we want. It is the big cintracts which have been more than hinted at that must be executed and 7dig to talk pnl and not 'under pining revenue' Hopeful of a successful new year
It is heartening to see that they have splut their contract news with the financials update which i am intepreting as the financials need no support. By that i mean that the reporting of the financials does not need the added gloss of contract wins to balance out unfavourable financial news. So looking forward to good numbers. I would like 7dig to adopt the mantra 'under estimate over deliver'. If they have feed through to Edison a figure of a 2.9m loss then they should add in a 10% contingency and state 3.2. If 2.9 is the figure management look good and anything around 3.2 is seen as market expectations. But although costs will rocket h2 revenue should outweigh for the 6 months with 0.5m of addition monthly income from july coming in. Still be happy once the numbers are published to back up my hopes. I am hoping their will be a forward looking statement addressing pnl. It is this and only this that will drive the sp to the multiples of the current sp we want. It is the big cintracts which have been more than hinted at that must be executed and 7dig to talk pnl and not 'under pining revenue' Hopeful of a successful new year
That is my point in an earlier post. We know from the presentation the juke Germany contract is worth circa million so why not include that on the rns? And to say it underpins revenue means little. After calling out the huge profit margins that 7dig is working under why not reference only? I.e. This will boost profits rather than underpin revenue. As the saying goes revenue is vanity profit is sanity
A couple of items were on my mind regarding 7digital and i was hoping the educated out there might help. We know from the Edison report (who have close ties with 7dig) have predicted a 2.9m loss for 2017 and a 2.1m profit for 2018. We also know that 7dig have confirmed that tthey stand by their projections. As that was reiterated in december then any negative deviation would be a shock. Anyway my question is twofold. Firstly according to SC the blended margin is 71% going upto 75%. Which should mean any new contracts with recurring monthly payments should pass straight to pnl. Ax such why when a new contract is announced dont the estimates from Edison change? They cant all be factored in especially as the new platform service model has only just been announced. Secondly i would imagine all new contracts and renewals are company enhancing events that should be announved formally to the market and our good selves yet we know 7dig have the habit of announcing multiple contract news with their financials ie next week.. i think tfey are missing a trick and should announce as and when signed (also a legal obligation)? I must admit a profit of 2.1m doesnt excite me especially based on the profit margins. We apparently diluted current share holders over 100% to service high end clients needing satisfaction our balance sheet was capable of sustaining a longevity to match the contract length and beyond. With 400m shares in circulation we need to be looking at profits of 5m plus to get multiples of the sp. i expect things will be clearer next week but i hope they emphasise the pnl impacts as any new contract should considerably alter estimates. Cone on 7dig start passing on the details.
So quiet here. Everyone gone?
Not sure about that. For us to hit 25p would suggest a market cap of 100m and with no profits booked it might be slightly hopeful. If we hit 2.1m profit for 2018 at a pe ratio of 20 we are still only looking at 10p (mkt cap 40m). We need revised estimates based on new contracts with a 75% blended margin the pnl estimates can jump quickly So look for new.contracts. A 5m profit could lead to a mktcap upwards of 100m and more if growth factored in but we need to show the mkt some signs of profit and losses for 207 should not exceed 2.9m which is factoredin
4.805 to buy so looks like dropping an eigth unless demand picks up today. Just hope those big contracts are not too far off and we get revised pnl numbers. Wont be surprised if tipped in new year share tips now b/s sorted
Well it is time for 7dig to deliver. No more excuses and i hope the extra funds are not diverted to cover any more costs than have already been noted. If the extra funds are required to secure top level clients looking for a strong balance sheet before taking up a long term contract then alls well and good. Reading between the lines this is what is being intimated. If true we are at a pivotal point all be it with the top side diminished by the increase in share capital. I fully expect numerous announcements post placing formalities. We may see some churning over the next few weeks but believe management will counter that with a number of rns contract announcements. Could be exciting and by the lack of activity on this board any pick up in interest should see the demand we have been looking for. On the downside i was disappointed that 7dig reiterated their expectations of meeting profit forecasts for 2018. If major new clients are onboatding i was hoping this would shift our expectations upwards as we have been told multiple times that the margins are huge in percentage terms against what is essentially a fixed cost base upon integration. Come on 7dig xmas rally plus new year tip and we can start to look forward to a great 2018
Not sure about that. For the first time in a long time i think things are falling into place and we may well see both better coverage and better numbers being churned out. Yes the dilution and the price was a kick in the teeth to long term holders and suggestions that the raising was a formality was neither in the interims or edisons research note. In fact it mentioned with good management it may be avoided. From that do we presume there was bad management? That said it is done and dusted and the institutions sit on an immediate profit but got a feeling we will get news post placement formalities and whilst life isnt fair the payback will come
My barclays account is now showing the available offer shares but says they are not eligible for isa and sipp. As my holdings are in an isa and sipp can someone confirm Whether there is an issue? Thanks
No market today the only way to get a quote to buy is a measley 50 shares! So why do they need all that money on the balance sheet? Supply chain requirements stated so hope of a big deal with a blue chip customer. Anyone want to take any guesses?
Jolly, you have speculated multiple times at a placement at 4-4.5. I think you have your own agenda. Do you hold?
I feel slightly let down by the company in terms of transparency and feel they have let the sp drift unnecessarily. There was mention of numerous new contracts related to MQA that haven't materialised. Can't help think they have their fingers in too many pies and need to streamline the company or spin off the creative arm. Information would be nice and some reference to sp performance. If no funding required and we drift towards 2018 then we must be in line for a hefty jump up based on predicted figures
Anyone got an opinion on the sp and move to near all time lows? Are 7dig doing enough?