Share Name Share Symbol Market Type Share ISIN Share Description
Rhythmone LSE:RTHM London Ordinary Share GB00B1WBW239 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -0.68% 36.50p 36.50p 37.00p 37.25p 36.00p 37.25p 690,341 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 118.8 -11.9 -3.5 - 180.74

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Date Time Title Posts
21/8/201715:47RHYTHMONE - new Name, new Beginning???4,849
20/8/201722:29RhythmOne - 2016 a new beginning8,664
01/8/201716:14No Rhythm All Blues140

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Rhythmone Daily Update: Rhythmone is listed in the Software & Computer Services sector of the London Stock Exchange with ticker RTHM. The last closing price for Rhythmone was 36.75p.
Rhythmone has a 4 week average price of 28.75p and a 12 week average price of 28.75p.
The 1 year high share price is 50p while the 1 year low share price is currently 28.75p.
There are currently 495,189,527 shares in issue and the average daily traded volume is 1,592,552 shares. The market capitalisation of Rhythmone is £180,744,177.36.
1gw: FWIW I emailed Dan and FTI this afternoon to ask that they consider the following actions to address the recent shareprice weakness: 1. Issue a belated detailed TU for 1QFY18 with the usual metrics. This would be in order to counter speculation that the reason for no detail in the RhythmOne AGM statement was that trading has been poor, especially in the light of the replacement of the CEO and yesterday’s trading statement from The Rubicon Project. 2. Failing that, issue a simple statement saying that the RhythmOne board/management are not aware of any reason for the recent fall in the share price and that trading continues to be in line with management expectations. 3. Announce and implement a limited share buyback program accompanied by a statement that the RhythmOne board believes the current shareprice significantly undervalues the company. I note in this context that the recent agreement to pay RadiumOne some of the contingent consideration in cash (with no discount) suggests that RhythmOne management see fair value for the shares as in excess of $0.53, the price at which contingent consideration shares were supposed to be issued in the RadiumOne acquisition agreement. If anyone has similar views and thinks there is a chance of getting the company's attention then please make your views known to the company and/or its advisors.
football: leluot3 why not explain the rise in the share price from 16p where you took one of your shorts out to 36p now. £2 down to 35p is about 82.5% fall in the share price 16p up to 36p is roughly 125% percent rise So my rough calculations put barky about 37% up on your trades
1gw: This is the problem with not being clear in the rns's. It encourages speculation as to the real reason behind events. For example, was there a condition in the agreement that said that if the share price fell by more than a certain amount below the $0.53 specified, part of the deferred consideration would become immediately payable in cash? Or was a fall in the share price in itself a circumstance that allowed R1 to elect to pay partly in cash and R1 is taking advantage of this because it is confident of cash generation and future shareprice growth?
seanje: It does make you wonder if this Board of Directors would do anything to defend the share price or, for that matter, if they actually care about the share price There is a long summer and autumn ahead of us in which theoretically now, we could hear nothing. That could mean a complete trouncing of the share price. Lets hope this new bloke has the interest to actually do something about the falling market cap. It does not have to be this way. They could be riding n a crest of optimism. Instead we are returning to the bad old days. My advice to all - email the company - make your dissatisfaction known. I have. The response I got was all is well and they are very pleased with how the share price has performed. If enough people email them they will get the message.
stocky: The extra shares on loan were used to knock down the share price? If only Ted could go on a Good News\PR blitz, it would take a lot of cost and effort to keep the share price down.
lance corporal winstanley ash: The problem is is tosca own so many shares they can easily control the share price. Without a real chunky update from the company there simply won't be enough volume to move the share price. R1 obviously not willing to release news.
1gw: gowlane - R1 produce an "EBITDA Bridge" in their results presentations. For example, slide 10 in the FY17 full-year results presentation: +$1.4m Adjusted EBITDA -$9.1m Exceptional costs -$2.0m Share-based compensation +$1.2m Income tax credit/finance income -$10.2m Amortization & depreciation -$18.7m Net Loss In terms of trying to predict the future, I don't see why the gap should vary with revenue particularly? We could hope that exceptional costs will be lower in absolute terms in FY18, now that we have "fundamental transformation complete". $3.9m of the $9.1m was the loss on dispoal of PVMG assets. There may still be some exceptionals associated with integrating Perk, and some to do with evaluating potential acquisitions or integrating any acquisitions completed in FY18, perhaps even some to do with tidying things up post-disposal/closure of the non-core stuff, but R1 ought to be beyond the era of big exceptional costs I would hope. Amortization and depreciation probably isn't going to change hugely for FY18. Apart from the internal D&A, they have a fair chunk of purchased intangibles sitting on the balance sheet which will need amortizing, including a whole year of Perk intangible amortization and then any additional from FY18 acquisitions. The share-based compensation charge will vary in part I think with the share price. So a big increase in the share price would increase the value of share options and awards and I think lead to a higher charge. In particular, if the share price crosses 50p for the required length of time then some of BM's 7m share option award will be exercisable which may bring it into account for FY18. They are likely to have some more finance income in FY18 I would have thought, but IF they get to profitability from a tax perspective then they might have a tax charge rather than a tax credit. But overall, I would have thought reason to expect the gap between adjusted EBITDA and bottom-line profit to reduce in absolute terms for FY18 vs FY17, principally because of a reduction in exceptional costs.
midasx: footy, life is much easier if you do not have a target to work to! Simple as that but unfortunately not good enough when the BOD are supposed to be working for shareholders by producing an increasing share price. I appreciate that missing numbers these days often results in the share price getting hammered but just floating on from one year to the next with a things are going to get better outlook is not good enough, especially considering the share price collapse from £2.30's
football: from navigator on LSE mb's Panmure Gordon initiates on RhythmOne in report on Ad-Tech sector Broker gave RTHM a 75p tp and BUY rating, citing positioning, tech, and financial strength Broker Panmure Gordon initiated coverage of AIM-listed Ad-Tech firm RhythmOne on Tuesday, giving the small-cap a target price of 75p (+64%) and a BUY rating. In a 70-page report, Panmure explained why it sees RHTM as a potential winner in this space, citing its positioning, technology, and financial strength. It also reviewed the current themes in the constantly evolving ad tech sector. Growing & fragmented market The digital ad market is growing at an impressive 15% per year, with the bulk of growth being "sucked" up by Google and Facebook, the two "gorillas" of the sector. Panmure believes that demand patterns in the fragmented independent ad-tech industry are more mixed, with vigorous growth in mobile, video, and programmatic: "Recent advertiser concerns around brand safety, fraud and measurement are unlikely to interrupt this structural growth in our view. However, they are likely to force continued, market evolution, improvements to Google’s and Facebook’s offers, and even more intense consolidation of independent ad tech companies." Panmure says there are several drivers of industry consolidation: • high fragmentation • increasing standards • the need to keep up with Facebook/Google • increasing funding challenges • strategic interest from other sectors o (ad agencies, consultants, IT groups, telcos, publishers, Chinese investors). Technology As a result of this consolidation, RTHM is well positioned strategically to be one of the sector’s consolidators: "The business has been through a near-death experience in recent years, forcing it to rebuild its tech stack and reposition itself in growth parts of the sector." RTHM has good exposure to mobile, video, and programmatic sectors, as well as a flexible tech stack, good financing, and growing scale. Financial strength Recently, the business has enjoyed growing momentum, with programmatic revenue jumping 28% in the first quarter, rising 63% in Q2, and 73% in Q3. It is currently operating around breakeven, but according to Panmure's calculations, if programmatic revenues grew from $100m to $200-300m, it would drive an EBITDA margin of 10-12%. "The group benefits from a strong balance sheet ($75m net cash), a recovering share price, and a management team with deep M&A experience... The recent acquisition of Perk ($43m, all stock) highlights the opportunity: as well as delivering a strong financial return (year one post-tax ROI of 10%) the acquisition strengthens the core platform, by adding unique inventory for buyers, and increasing volume through the platform." Investment case According to Panmure analyst Jonathan Helliwell, there will be "profound consolidation" of the indepen Investment case According to Panmure analyst Jonathan Helliwell, there will be "profound consolidation" of the independent ad tech sector going forwards, and that RhythmOne is a winner in this market: "We initiate on RhythmOne which we see as a potential winner in this space, with a strong organic growth opportunity (following a complete rebuild of its tech stack) plus a strong inorganic one (as the sector consolidates)." Mr Helliwell added that the current valuation of 0.9x revenues suggests "substantial potential upside" if RTHM can deliver.
lance corporal winstanley ash: Sikh, since the share price was 16 pence or so you've been religiously banging on about how disappointing rhythmone is yet the share price is still rising. Up to 48 pence today. Why is there such a disconnect between your views and the share price performance of late?
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