Share Name Share Symbol Market Type Share ISIN Share Description
Matomy Media LSE:MTMY London Ordinary Share IL0011316978 ORD NIS0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +0.82% 122.375p 120.00p 124.75p 125.00p 120.375p 125.00p 8,083.00 15:56:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 271.0 9.9 7.0 17.5 117.17

Matomy Media Share Discussion Threads

Showing 51 to 73 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
04/11/2016
17:36
All buys aswell as spread has been so wide, but i've been testing the offer all day and its been 130+
butchdogg
04/11/2016
17:35
Decent stick of volume today after the EGM passed.
butchdogg
12/9/2016
16:30
RNS after the close. So that's the reason for the strength in the share then. Something interesting brewing.
duncan doughnut
11/5/2016
13:27
Hi Dogwalker - I'm still on the sidelines and not planning on getting back in anytime soon. The resignation but more importantly his large share sale of over 2.8 mio shares does not look too encouraging!
mickharkins1
01/5/2016
10:58
How about now , mick? ! What are your views re the recent director resignation?
dogwalker
09/11/2015
04:55
For the sake of posterity, I sold out of these a few weeks ago on the day of the profit warning from ADGO...I was obviously worried that there was a read across to the performance of MTMY. I have since been told by MTMY that there is no change to their previous guidance. I'm watching for a possible re-entry point, however, will most likely wait until results are published to get confirmation that they hit their revised targets.
mickharkins1
08/10/2015
14:36
Share price has been moving up nicely the past month and still plenty more to go based on the fundamentals + chart, imo. A nice quiet thread too (although maybe a little too quiet)!
mickharkins1
18/9/2015
01:53
Hi GHF, I hope you're well Buddy and thanks for the kind words! I have CROS on my watchlist as it does look cheap, although the chart does not look too healthy at the moment. MTMY (and also XLM which I hold) are more just a small punt for me as they operate in a sector which I confess to not understanding/trusting too much...it is evolving and changing very quickly and my guess is that in a few years quite a number of these companies will no longer be around, or if they are they will have had to be very agile to quickly adapt their business models to the fast changing environment. The other side of the coin is that the sector is experiencing exponential growth and some of these companies will no doubt do extremely well - I also believe all these small companies are potential bid targets, possibly by the large traditional advertising companies. Regarding CNIC, it was a fortuitous pint I enjoyed with Michael when he mentioned them...took a small stake, however, sold out recently to leave some profit for the next man ;-) Definitely an interesting company and dare I say potential multibagger...another one I will continue to keep an eye out for. All the best, Mick
mickharkins1
17/9/2015
18:54
Mick, Just popped by to compliment you on the thread & a lovely response to negative argument on the Zulu thread. Reminds of the times I did likewise but simply don't have the inclination now as usually little or no interaction. I'll cast my eye over these again...our mutual friend messaged me recently to inform that you were keen ;-) Should mention taken small positions in fellow Israeli listings ADGO & CROS as my programmatic media plays which have both recently IPO'd & also succumbed to share price falls despite positive updates. Reason I preferred them in comparison to MTMY previously was that both ADGO & CROS have focused on their respective technology platforms (purer software play)& forecasts for both suggested operating margins double that of MTMY. Revenue growth was also greater in respect of the two I mention & in the case of CROS, I believe MTMY & Publicis are both customers of their platform. Best of luck Mick...hope it proves to be a great investment for you. Regards, GHF P.S. Still got your CNIC ;-)
glasshalfull
16/9/2015
06:42
mickarkins1: Thanks for drawing MTMY to attention and for such a well-made pitch. I agree, the Company looks very interesting. I have added to my 'watch list' and will research further.
saucepan
10/9/2015
01:15
There were two broker notes published after the interim results, with forecasts as follows (translated at $1.54/GBP): Canaccord: 2015 EPS of 11.4p, rising to 15.3p next year. Shore Capital: 2015 EPS of 12.8p, rising to 17.8p next year. Add in the cash pile for future acquisitions and these look extremely cheap. The notes confirm that, following the difficult first half, the company are on track for a strong second half.
mickharkins1
09/9/2015
08:40
I have recently bought into Matomy (MTMY) at just over 100p as I believe the dramatic fall in their share price has been overdone and that the current rating looks too cheap. Matomy are an acquisitive digital performance based marketing and advertising agency and the only company listed in the LSE’s ‘high growth segment’ – to qualify for this segment, one of the criteria is historic revenue growth (CAGR) over a three year period. They were listed in July 2014 at a price of 227p and the share price has more than halved since the flotation, driven by a profits warning in April 2015. The warning came partly due to weaker trading in Q1, however was mainly as a result of new rules imposed by the partners it buys its advertising space from and a resulting sudden drop in the inventory available for resale. The digital advertising sector is plagued by fraud, whereby advertisers pay for inventory that is never seen by human eyes (estimated that more than a third of sales are fraudulent). In an effort to increase trust, inventory trading services, such as Matomy’s partner AppNexus, have launched a crackdown with new rules and technology to detect fakers - Matomy said such measures had also cut its sales by restricting supply. Following the warning, the latest estimates are that for the year to 31 December 2015, revenues will now be between $ 275 and $ 285 mio (versus $ 237 mio in 2014), while EBITDA is expected to be between $ 25 mio to $ 27 mio. The mid-points of the range, give a growth of 18% in revenues (not quite the 20% 'high growth'!) and 9% in EBITDA versus 2014 – so while the warning was not pleasant, 2015 should still represent a year of solid growth for MTMY. H1 2015 results were announced on 28th August and EBITDA for the first half was $ 9.7 mio, so the mid-range estimate of $ 26 mio for the full year (which they reconfirmed), means H2 will deliver more than $ 16 mio. In the H1 results, and in a conference call with Analysts the same day, (link on Matomy’s website) the company explained that they had made some internal restructuring, cost cutting and changes in focus to adapt to the changing industry environment and that the months of June, July and August had seen positive momentum, which made them confident of the improved EBITDA in H2. To value MTMY, my quick and dirty calculation is to take full year EBITDA of $ 26 mio, less 20% tax and say -$ 2 mio for recurring Capex to give a profit after tax (excluding amortization and exceptionals) of $ 19 mio. At an ex-rate of 1.52 USD vs GBP, this gives a profit after tax of ~£ 12.5 mio. On a PE of 10 (I believe reasonable for such a fast growing company, albeit one which operates in an uncertain and constantly evolving business environment!) and adding net cash of £ 18 mio gives a value of over £ 140 mio. At today’s price of 104p the market cap. is only £ 91 mio. The above valuation is I believe extremely conservative and there would be much greater upside if you take the H2 EBITDA as the new run rate, which would not be unreasonable, as H2 and future years will benefit from the annualization of revenues, profits and synergy savings arising from previous acquisitions. As mentioned above, the company still has considerable cash reserves (£ 18 mio or ~20% of the current market cap.) for future acquisitions – they do not currently pay a dividend. Note, after the warning and following the steep drop in share price, there were a number of Director buys. The Chairman, Ilan Shiloah, purchased an additional 262k shares between 137p and 145p, taking his total shareholding to over 15%, while Ofer Drucker, the CEO, purchased 50k shares at 136p, taking his total holding to just over 3.5%. I take this as a very positive sign as these are not token purchases IMO (and purchased at a price way in excess of the current share price) and also reassuring that management have a significant overall stake in the company. These are not without risk, including (a) the sector they operate in which is continuously evolving – one of the reasons that led to the profits warning in April this year, (b) strong competition from big players such as Google and Facebook and (c) they are a foreign company (Israeli) which I believe also comes with more inherent risk, simply based on the statistics of foreign failures in the UK stock market!
mickharkins1
09/9/2015
07:36
oneillshaun 8 Sep'15 - 21:30 - 3042 of 3044 0 0 mickharkins1 - Matomy took a huge hit and got some kind of block from a number of marketing channels. I have worked with them first hand as a client and to be honest i would never invest a cent into that company.
dlku
08/9/2015
06:37
I just bought into MTMY and have started a new thread with charts, etc.: http://uk.advfn.com/cmn/fbb/thread.php3?id=34484805
mickharkins1
08/9/2015
06:35
I have recently bought into Matomy (MTMY) at just over 100p as I believe the dramatic fall in their share price has been overdone and that the current rating looks too cheap. Matomy are an acquisitive digital performance based marketing and advertising agency and the only company listed in the LSE’s ‘high growth segment’ – to qualify for this segment, one of the criteria is historic revenue growth (CAGR) over a three year period. They were listed in July 2014 at a price of 227p and the share price has more than halved since the flotation, driven by a profits warning in April 2015. The warning came partly due to weaker trading in Q1, however was mainly as a result of new rules imposed by the partners it buys its advertising space from and a resulting sudden drop in the inventory available for resale. The digital advertising sector is plagued by fraud, whereby advertisers pay for inventory that is never seen by human eyes (estimated that more than a third of sales are fraudulent). In an effort to increase trust, inventory trading services, such as Matomy’s partner AppNexus, have launched a crackdown with new rules and technology to detect fakers - Matomy said such measures had also cut its sales by restricting supply. Following the warning, the latest estimates are that for the year to 31 December 2015, revenues will now be between $ 275 and $ 285 mio (versus $ 237 mio in 2014), while EBITDA is expected to be between $ 25 mio to $ 27 mio. The mid-points of the range, give a growth of 18% in revenues (not quite the 20% 'high growth'!) and 9% in EBITDA versus 2014 – so while the warning was not pleasant, 2015 should still represent a year of solid growth for MTMY. H1 2015 results were announced on 28th August and EBITDA for the first half was $ 9.7 mio, so the mid-range estimate of $ 26 mio for the full year (which they reconfirmed), means H2 will deliver more than $ 16 mio. In the H1 results, and in a conference call with Analysts the same day, (link on Matomy’s website) the company explained that they had made some internal restructuring, cost cutting and changes in focus to adapt to the changing industry environment and that the months of June, July and August had seen positive momentum, which made them confident of the improved EBITDA in H2. To value MTMY, my quick and dirty calculation is to take full year EBITDA of $ 26 mio, less 20% tax and say -$ 2 mio for recurring Capex to give a profit after tax (excluding amortization and exceptionals) of $ 19 mio. At an ex-rate of 1.52 USD vs GBP, this gives a profit after tax of ~£ 12.5 mio. On a PE of 10 (I believe reasonable for such a fast growing company, albeit one which operates in an uncertain and constantly evolving business environment!) and adding net cash of £ 18 mio gives a value of over £ 140 mio. At today’s price of 104p the market cap. is only £ 91 mio. The above valuation is I believe extremely conservative and there would be much greater upside if you take the H2 EBITDA as the new run rate, which would not be unreasonable, as H2 and future years will benefit from the annualization of revenues, profits and synergy savings arising from previous acquisitions. As mentioned above, the company still has considerable cash reserves (£ 18 mio or ~20% of the current market cap.) for future acquisitions – they do not currently pay a dividend. Note, after the warning and following the steep drop in share price, there were a number of Director buys. The Chairman, Ilan Shiloah, purchased an additional 262k shares between 137p and 145p, taking his total shareholding to over 15%, while Ofer Drucker, the CEO, purchased 50k shares at 136p, taking his total holding to just over 3.5%. I take this as a very positive sign as these are not token purchases IMO (and purchased at a price way in excess of the current share price) and also reassuring that management have a significant overall stake in the company. These are not without risk, including (a) the sector they operate in which is continuously evolving – one of the reasons that led to the profits warning in April this year, (b) strong competition from big players such as Google and Facebook and (c) they are a foreign company (Israeli) which I believes also comes with more inherent risk, simply based on the statistics of foreign failures in the UK stock market!
mickharkins1
05/3/2015
18:18
Another israeli media/software company trotting out heavy EBITDA figures. Late last year director selling in significant quantities, granted to publicis, so i'll reserve judgement for now. One wonders why there was so little interest in the original IPO. Has all the hallmarks of another MWE to me. Chinese, Israeli etc. companies on AIM have a very poor record of retaining shareholder value. Will watch with interest when the results come out on the 10th of March, i wonder how much capitalised development we're going to see in the cashflow statement! and how it compares to the amortised costs? aimho woody
woodcutter
24/2/2015
18:44
The full year results are due in a couple of weeks the 10th of March. It looks like they are trading in line with expectations but I suspect they may do a bit better then that.
thechancellor
03/12/2014
13:09
9 ths results show eps 13c = say 9 p so forward p/e still about 18. Don't see how Canaccord can forecast eps 17.6 p
puku
25/11/2014
21:34
Is this a ghost thread - just checking?
gargleblaster
16/9/2014
17:16
Good to see 1000 shs traded
nw99
16/9/2014
14:44
First trade today gone through. only 10% free float needed according to listing rules. All must be held by instis from the IPO i guess. Nowt going on at the moment
jeanpenty
16/9/2014
14:02
Is the co real ?
nw99
15/9/2014
18:25
It's the only one listed so far...the first.
montynj
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