Crossrider Share Discussion Threads

[mike740] 08/9/2015 18:15

Why do you think the share price as fallen so badly since January then?. cant find any reasons thats why I was thinking it had been brought down with the rest of the market on the back of China Economy problems.

[battlebus2] 08/9/2015 17:16

The placing price was 103p per share, no i don't see China as having a material effect.

[mike740] 08/9/2015 17:04

Just seen this from earlier in the thread....

Crossrider PLC LON:CROS platform user Matomy Media this week saw 50,000 shares of stock purchased by insider Ofer Druker.
The stock was purchased at an average cost of GBX 135.75 ($2.10) per share, with a total value of £67,875 ($104,826.25) in a transaction dated 11th May 2015.Crossrider PLC LON:CROS platform user Matomy Media this week saw 50,000 shares of stock purchased by insider Ofer Druker.
The stock was purchased at an average cost of GBX 135.75 ($2.10) per share, with a total value of £67,875 ($104,826.25) in a transaction dated 11th May 2015.

[mike740] 08/9/2015 16:59

BB2, Do you also put a lot of the fall down to the China effect on the markets?.

Any idea what the institutions paid on its IPO?.

cheers.

[battlebus2] 08/9/2015 15:39

A lot of the trades look like sells but are infact buys including one of mine, there is a seller is all i can presume.

[mike740] 08/9/2015 15:22

Havent seen an update from shore capital so the figures above may be tweaked in the next few days.

[mike740] 08/9/2015 15:21

Crossrider PLC


FORECASTS

2015 2016
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Shore Capital
04-09-15 None 8.10 4.70 14.50 8.30

2015 2016
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 8.10 4.70 14.50 8.30
1 Month Change 0.00 0.00 0.00 0.00
3 Month Change 0.00 0.00 0.00 0.00

GROWTH
2014 (A) 2015 (E) 2016 (E)
Norm. EPS % % 76.60%
DPS % % %

INVESTMENT RATIOS
2014 (A) 2015 (E) 2016 (E)
EBITDA £1.40m £m £m
EBIT £-4.33m £8.80m £15.70m
Dividend Yield 0.00% % %
Dividend Cover x x x
PER -13.23x 17.77x 10.06x
PEG f f 0.13f
Net Asset Value PS 32.48p p p

[mike740] 08/9/2015 15:16

Duplicate post.

[mike740] 08/9/2015 15:15

Yep Im bullish on this stock but cant understand the fall today on those EBITDA figs forecasts plus company as shed load of cash.

Just looked at the trades page and it looks like PI sellers, whats not to like here have I missed something?.

[battlebus2] 08/9/2015 14:44

Nothing wrong with revenue SLIGHTLY lower when EBITDA will exceed current forecasts due to higher margins.

[mike740] 08/9/2015 14:37

Down on those results and ............

Current trading for the post balance sheet period, particularly in August, is strong and given the Group's focus on margin improvement through the use of technology the Directors expect Group EBITDA to exceed current full year forecasts...............ends

Is it because revenue isnt what was forecast.....

revenue is expected to be slightly below market expectations.

[battlebus2] 08/9/2015 11:05

Great to see some familiar names buying in here, shame to see the tick down, seems to be a seller so an ideal time to pick a few up.

[wjccghcc] 08/9/2015 10:50

Likewise. Had a few. Interesting business though 70% Teddy Sagi can cut both ways.

[glasshalfull] 08/9/2015 10:46

Agree Battlebus. Dipped my toe in this morning and now have ADGO & CROS as my programmatic media buying plays.

Both demonstrating excellent growth & nice to see CROS indicating that EBITDA will exceed forecasts. With the large cash balance they now appear far better value IMHO.

Thanks for flagging.

Kind regards,
GHF


EDIT : Oct 2015 - Stuck my toe in and pulled it straight back out. Sector (ADGO, MTMY, CROS, etc) now uninvestable. Many of the programmatic media/advertising companies originate from Israel & I don't think it'll be long before CROS warn as well.

[battlebus2] 08/9/2015 07:43

Progress with this mornings results...with a strong August and forecast to exceed full year ebitda, also what looks like an excellent related party transaction and a large cash pile to pursue acquisitions. The future looks great to me but as ever door etc....

Crossrider (AIM:CROS) the creator of digital advertising platforms specialising in monetising web and mobile media through the use of big data, today announces its unaudited half year results for the six months ended 30 June 2015.

Financial highlights

-- Revenue increased 53 per cent, up $14.2 million to $40.8 million (H1/14: $26.6 million)

-- Organic revenue growth of $11.4 million

-- Adjusted EBITDA(1) in line with expectations at $5.5 million (H1/14: $7.6 million) following continuing investment in operations

-- Adjusted cash flow from operations(1) $5.0 million (H1/14: $7.0 million)

-- Adjusted basic EPS(3) 2.6 $ cents per share, (H1/14: 7.4 $ cents per share)
-- Nil debt on balance sheet with $78.3 million of cash balances at the period end to execute acquisition strategy

(1) EBITDA, Adjusted EBITDA and Adjusted cash flow from operations are non GAAP measures. Adjusted EBITDA and adjusted cash flow from operations are company specific measures which exclude other operating income and expenses which are considered to be one off and non-recurring in nature. (See reconciliation in the Chief Financial Officer's review below).

(2) Adjusted basic EPS excludes the after tax impact of amortisation of acquired intangibles, and other operating income and expenses which are considered to be one off and non-recurring in nature.

Operational highlights

-- 62 per cent organic revenue growth from Mobile

-- Extended reach:

o Average unique monthly users up 20 million since December 2014 to 220 million

o Average daily available ad spaces up 2.2 billion since December 2014 to 7.5 billion

-- Integration of technology across web and mobile and resulting mobile margin improvement

-- Investment in technology expected to drive margin improvement and therefore increased profitability in H2/15

Post Balance sheet events

-- Investment of $0.9m in programmatic video technology company Clearvelvet

-- Soft launch of new mobile affiliate network enhancing our existing mobile offering

-- Investment in Algorithmic programmatic media buying platform being developed jointly by Crossrider and (related party) Adience SER Ltd

Outlook

Current trading for the post balance sheet period, particularly in August, is strong and given the Group's focus on margin improvement through the use of technology the Directors expect Group EBITDA to exceed current full year forecasts. Reflecting the high margin strategy, correspondingly revenue is expected to be slightly below market expectations. The balance sheet remains strong and the Board is confident in the Group's ability to execute accretive acquisitions.

Commenting on the results, Koby Menachemi, Chief Executive Officer of Crossrider, said:

"Crossrider's vision is to be the de facto global platform for the digital advertising sector. The first six months of the year has seen organic growth across our platforms, particularly in mobile. The key to being at the cutting edge of our rapidly growing market place is our continued investment in technology and we are very excited by the recent investment in programmatic media buying and video technology which create the building blocks for future growth. Additionally, we continue to search for suitable earnings accretive acquisitions and are evaluating a number of meaningful opportunities."

Related Party Transaction

On 7(th) September 2015 Adience SER Ltd ("Adience") signed a software license agreement with Crossrider to provide Crossrider with a licence to use its algorithm as part of Crossrider's programmatic media buying platform. The licence will be provided for a fee based on a share of the gross profit generated by Crossrider's programmatic media buying platform. The fee will be a 35 per cent. gross profit share up to the first $1 million and 18 per cent. thereafter.

The transaction set out above constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies ("AIM Rules") as Adience is a related party of the Company by virtue of being an "associate" for the purposes of the AIM Rules of Unikmind Holdings Limited, a substantial shareholder (as defined in the AIM Rules) of the Company. The Directors of Crossrider, having consulted with the Company's nominated adviser, Shore Capital & Corporate Limited, consider that the terms of this transaction are fair and reasonable insofar as the Company's shareholders are concerned.

For further information contact:

[battlebus2] 30/7/2015 08:25

Slowly moving upwards on what looks like a £50 buy....

[battlebus2] 23/7/2015 22:24

Excellent update from CROS this morning, now in its best ever position with a strong balance sheet, these are cheap imv and should climb back over £1 plus but as ever door etc...


Crossrider plc (LON:CROS), the creator of digital advertising platforms specialising in monetising web and mobile media through the use of big data, today announced an update on trading for the six month period ended 30 June 2015.


Trading update
Crossrider plc announced today that for the six months ended 30 June 2015 it expects to report revenues in line with its expectations at approximately US$41 million. This is a circa 52% increase compared with US$27 million for the six months ended 30 June 2014. The Group expects to report EBITDA for the six months ended 30 June 2015 of between US$5.3 million and US$5.7 million.


The web business has continued to produce strong operating margins and the Group expects to report growth in margins from mobile as a result of improved optimisation of monetised ads. As planned, we continue to invest in new technology such as Video, Real Time Bidding and Programmatic Trading as well as the continued integration of our existing technology across web and mobile. We have continued to expand our reach by adding new traffic sources and customers on our mobile ad-exchange. The number of daily available ad spaces grew from 5.3bn in December 2014 to 7.5bn in June 2015. During June 2015 the Group delivered ads to 220 million users (December 2014: 200 million users).
The Directors expect the Group to meet its full year trading expectations. The balance sheet remains strong and the Board is confident in the Group’s ability to execute accretive acquisitions.
Koby Menachemi, Chief Executive Officer of Crossrider plc, said: “Crossrider is at the technological forefront of the rapidly growing digital advertising marketplace. Our position as a leading platform for the mobile advertising sector is delivering organic growth for the Group, which is reflected in the growth in margins we are seeing in mobile. This organic growth and continued investment in mobile has brought the Group to its strongest ever position and the Board is able to look to execute its acquisition strategy with confidence.”
Notice of Results
The Company will announce its unaudited interim results for the six month period ended 30 June 2015 on 8 September 2015.

[battlebus2] 08/7/2015 15:30

Disappointing share price but sticking with it for now, hopefully good news in the not too distant future.....

[battlebus2] 25/6/2015 22:13

CROSSRIDER.

Over $26 billion in ad spending for companies is in play, according to Morgan Stanley.
The Cannes advertising festival, which begins Monday, is known for self-congratulatory back-slapping, talk of creativity and a steady flow of rosé. This year something else will likely be part of the mix as industry honchos party on the French Riviera: worry.
The ad industry is in the midst of wrenching change that’s touching every piece of the business. A long list of marketers such as Procter & Gamble, Coca-Cola and Mondelez International have placed their media buying business up for review as they look to cut costs and find agencies versed in the latest digital techniques. All told, over $26 billion in ad spending for companies is in play, according to Morgan Stanley.

[battlebus2] 25/6/2015 22:04

Crossrider PLC (CROS.LN) is likely to open offices in New York and California as it targets revenue growth in the U.S.
Crossrider, which provides an online platform for buying and selling Internet advertising space, said its “immediate focus is revenue growth in North America,” adding it is “also working to be attractively positioned in a number of important South American and Asian markets.”
CEO Koby Menachemi said in an interview that because New York is a hub for advertising companies and Silicon Valley for technology companies, it makes sense for Crossrider to have a presence in both places.
The U.S. accounts for about 26% of Crossrider’s revenue, he said, adding that acquiring other companies could be a way to grow in its target markets.
Cross-rider floated in London in September, the latest in a string of Israel-founded online advertising companies to join the London Stock Exchange, including Matomy Media Group Ltd. (MTMY.LN) and Marimedia Ltd. (MARI.LN) earlier in 2014.
Crossrider is majority-owned by Teddy Sagi, an Israeli entrepreneur who founded FTSE 250-listed online gambling technology group Playtech PLC (PTEC.LN).

[battlebus2] 24/6/2015 17:25

Yesterdays investor presentation makes great reading.....

[shroder] 20/6/2015 14:48

n/p bud, email across any house notes if you have them.

The move from liner TV to streaming digital (see MAGNA report) should provide a big catalysts for the sector.

6/7 months ago programmatic TV ads were something way off in the future, now there here (see AOL) and everyone wants in.

[battlebus2] 20/6/2015 12:39

Thanks shroder, i'm sticking with these and adding at intervals. If you read their results presentation (post 8) growth prospects are excellent and early 2015 shows no signs of any weakness. Cash is equal to 50p per share if they still retain similar amounts to the last results. As ever dyor etc.