Results

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

Published 17 days ago

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!

Published 39 days ago

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…

Tom Winnifrith Bearcast: Hi Ho Hi Ho its off to the Grim North we go (and you the taxpayer are paying for the move!)

Published 41 days ago

Yes we have exchanged at both ends and will move next Monday to the Grim North. And the good news is that the cost of that move is on you, the grateful taxpayer. I explain all before looking at Debenhams (DEB), Sosandar (SOS), Concepta (CPT) and 7Digital (7DIG). PS Why not join the roll call of heros today HERE.

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

Published 41 days ago

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

Published 237 days ago

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?

Published 276 days ago

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!

Published 277 days ago

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”!

Published 465 days ago

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

Published 798 days ago

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?

Published 801 days ago

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?...

Zak Mir's Great Request Show: 7Digital, CML Microsystems, Red24

Published 1444 days ago

If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at 7Digital (7DIG), CML Microsystems (CML), Red24 (REDT)

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