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7digital – AGM confidence… so why a share price decline?

2019-08-01 11:49:35

Having last month stated “largely completed the rescue”, an AGM Statement from 7digital (7DIG) including “we are confident that all resolutions put forward today will be passed. We can confirm that our second stage financing plans are well underway, and we should be in a position to confirm the fundraising in the near term”. The shares have currently responded, er, more than 7% lower, to 0.24p…


7digital – argues “we have largely completed the rescue”, but…

2019-07-18 12:42:26

Shares in 7digital Group (7DIG) are currently on the rise on the back of a “Management and Board Changes and Cost Savings” announcement, including “we have largely completed the rescue by securing a new, strategic majority investor, which has stated that it is prepared to invest further funds”


7digital – shares soar on Denmark assets sale… but that transaction sufficient?

2019-05-03 16:02:33

Having first cautioned on 7digital (7DIG) a couple of years ago with the shares at 6.75p, they’re currently 0.60p. However, that compares to sub 0.20p previously sunk to – before a “7digital agrees sale of Denmark assets to TDC” announcement…


7digital Group – loan notes redemption notice further accelerates the cash crunch ahoy!

2019-04-11 12:40:58

Having earlier this week updated including “the board's current view is that the business will require material further equity and/or debt funding in the next quarter without which the company would be unable to continue as a going concern”, now an “Early Redemption of Loan Notes” announcement from 7digital Group (7DIG). Uh oh…


7digital Group – I having previously suggested results won’t be pretty & financial distress... “Business Update”…

2019-04-09 03:10:21

Previously writing on self-styled “global leader in B2B end-to-end digital music solutions” 7digital (7DIG) in January it was “pleased to confirm” restructuring completion… but much it shouldn’t be pleased to confirm! – as the shares slumped below 1p… and still I concluded, I suggest “a detailed statement of the expected out-turn for 2018 once accounting issues related to the restructuring and revenue recognition under IFRS 15 have been resolved” won’t be pretty. That there’s the restructuring with “several operations and offices have been closed or discontinued and staff numbers reduced in all locations” and the HMRC situation of circa £0.417 million seemingly relying on expected receipts, also suggest financial distress – and hopefully my prior warnings were heeded. Natch, still a sell / avoid. Now a“Business Update”


7digital – “pleased to confirm” restructuring completion… but much it shouldn’t be pleased to confirm!

2019-01-04 06:55:42

In September, previously writing on 7digital Group (7DIG) I questioned a “global leader” with Universal Music contract wins? – with it seeing me question AIM-listed companies which claim ‘global’/‘world’ leader an automatic bargepole / sell?. An intra-day (Uh oh) “Update” today commences that the group “is pleased to confirm”… but the shares are currently more than 50% lower, below 1p!…


7digital – a “global leader” with Universal Music contract wins? Hmmm…

2018-09-25 07:58:57

Previously writing on self-styled “global leader in B2B digital music solutions” 7digital Group (7DIG) last month, I questioned Triller contract win, ramptastic? Now “Universal Music Group Contract Wins”


7digital – “Triller contract win”. Ramptastic?

2018-08-17 12:42:23

Shares in 7digital Group (7DIG) are currently on the rise after it has followed much-delayed 2017 results yesterday, with a “Triller contract win” announcement today…


7digital – FY 2017 results. Yes, 2017 – you have read it correctly!

2018-08-16 16:06:46

Self-described “global leader in B2B digital music solutions”, 7digital Group (7DIG) has today announced results for its year ended 31st December 2017. Yes, 2017 – you have read it correctly!; the shares have been suspended since 2nd July. That as “in the course of the audit, certain deficiencies in our preparation were brought to the attention of the board”. Hmmm…


7digital – 2017 “better than market expectations”… but it’s talking “adjusted LBITDA”!

2018-02-09 05:30:14

Year End Trading Update from 7digital Group (7DIG) includes “revenue for 2017 is expected to be up 52% at £17.3m” and “losses at adjusted LBITDA level are expected to be significantly reduced from the previous period and be better than market expectations”. The shares have nudged ahead to 5p – though I note this still well down from start of 2017 levels…


7digital – completion of share placing, broker updates

2017-03-13 10:10:28

Following its 2016 results, digital music and radio services group 7digital (7DIG) has successfully placed 34,769,239 new shares at 6.5p to raise a gross approximately £2.26 million and house broker, finnCap, has updated on the company's manoeuvrings...


7digital Group – 2016 results argue “good progress” & “ideally positioned”, so why are the shares lower?

2017-03-10 07:00:23

Digital music and radio services group, 7digital (7DIG) has announced results for the 2016 calendar year, including that this “was a year of good progress… as we delivered on our commitment to reach operating profit by the year end” and that it “is ideally positioned to capitalise on the continued growth of streaming in 2017 and beyond”. So why are the shares currently approaching 7% lower, at 6.75p?...

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