The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Sack the CEO!! He's a big dosser lol
In all seriousness if the results are good in December & IF they actually publish them it may go back to around the placing price. If no to the above I can't see how this will not continue to drop. The question is what will the share price be at Christmas with this relentless drop?
It's dropped about as fast as the people that fall off the top in the film when it's vertical in the air.
It's very common for people who are massively down on their investment to ramp everything up about the company like it's the best thing since sliced bread. They just want their money back and are trapped. Like a prisoner loving their captor
More like he used it to buy his house and a new car and put it down as company expenses that will never see the light of day.
Completely untrustworthy company. I find it disgraceful the lack of transparency.
I'm tempted to sell what have left even though at this point even if the company went bust I wouldn't lose much more. Just to wash my hands of it basically.
We need a proper RNS and no more bs. I hope you are reading these comments Paul.
Paul needs to release something meaningful or go. I can't see this recovering. At the end of the day contracts and revenue/profit is all that matters. Global tech companies that will never be named could be lies for all we know. Classical music RNS as others have mentioned......no comment
Not impressed at all. Sack Paul
There's 3 certainties in life. Death, taxes and 7DIG tanking. This is frustrating
I agree with your posts HSK1 and buyearly,
For the potential I can only see so much until results figures back it up. Let's say 7DIG also gets a contract with TikTok and it's of similar size to Triller, "10's of thousands per month". As it stands I can't justify the market cap of £44m with current contracts that will bring in peanuts in a best case scenario.
HSK1,
That's part of my point. If they are making a figure around this mark for the entire busines(which needs to be proved) how can the company have a valuation of £44m market cap?
Past share prices are meaningless as well. The only information that is relevant is the market capital and the number of shares in issue. The fund raisers add new shares which dilutes the share price. The market capital could be the same as in the past but the share price is 1p rather than 10p if there are 10x more shares on issue etc
I have to be completely honest with the valuation. If 7dig are likely to make £2-3m in profit are they worth 1.6p (£44m market cap). People saying 10p are saying a company that makes a few million pounds potentially in profit is worth £275m ??
I agree with farraway. There is a lack of transparency and from an investment perspective that is not good. Seemingly the market agrees given the continued fall in share price. I can't help but feel the lack of transparency also means 7DIG have information they don't want to share or it's incompetence on their behalf.
My take from that RNS is still lack of any profit but future seems better. The share price may be falling as the company is still not proven as making profit.
Operating costs are still extremely high for a digital company. How many staff work there? I would believe a premises, server room and 4-5 staff would be sufficient. Maybe the odd Rolls Royce for the CEO on expenses.
Exactly agreed. Boxing has far too many politics and rival organisations /broadcasters. It's never a case of the best fighting the best. It's who is available or eligible based on a broadcaster (Sky, DAZN, ESPN)/fight companies stable of fighters aka Matchroom fighters (Joshua). Fury is part of MTK Global so these also have to negotiate. It's a minefield.
FYI, YouBigDosser comes from Tyson Fury lol
Eddie Hearn **
He is Joshua's promoter and head of matchroom boxing who broadcast with sky sports and DAZN. I do not see Fury V Joshua happening for a million years on Triller. Boxing has politics and in this case the broadcasters are titans. Tyson Fury's contract with ESPN means he can only fight in the US for example and is a $200milion contract.
Look up Fight Camp. Aka Eddie Hearts back garden.
Sky Sports have been staging PPV fights without crowds since September. Dillian Whyte Vs Alexander Povetkin the notable heavyweight fight. They will have a rematch in November.
As someone who follows boxing this won't happen in a million years on Triller. Joshua is signed to Sky Sports and DAZN which are billion dollar companies. Tyson Fury is signed with ESPN. I can confidently say this will not happen in a million years.
Why would Amazon need 7DIG for an ebike?
They have their own music platform. The reaching from some people on here for the biggest companies is becoming ridiculous.
I agree with that. Results will end any speculation on what is really going on.
Just to add that if the algorithm is the problem. If that is not disclosed then what is to stop another app being created with the same design. It's a very bad deal to leave it unknown because 1 security risk app could become 1 million etc
If the Tik too sale is agreed without the algorithm from bytedance all I can say is Trump has not solved the national security issue.