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
  +0.00p +0.00% 44.00p 44.00p 44.25p 46.00p 44.00p 46.00p 176,636 08:56:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 118.8 -11.9 -3.5 - 217.88

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Date Time Title Posts
23/5/201709:36RhythmOne - 2016 a new beginning6,679
22/5/201713:55RHYTHMONE - new Name, new Beginning???4,175
13/4/201710:49No Rhythm All Blues136

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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 44p.
Rhythmone has a 4 week average price of 42.75p and a 12 week average price of 36.50p.
The 1 year high share price is 50p while the 1 year low share price is currently 18.50p.
There are currently 495,189,527 shares in issue and the average daily traded volume is 871,780 shares. The market capitalisation of Rhythmone is £217,883,391.88.
football: loafofbread, couldn't agree more seems a corner as been turned and even all the brokers at the conference call kept saying now your profitable(so basically jam jar open) why there is not been more action in the share price, also if the directors believed it's plain sailing and as Brian said "we are back"why there's been lack of directors buying unless it is a closed period we don't know about or Tosca is a done deal and the share price where it stands now is irrelevant and doesn't bother the board
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.
sikhthetech: gowlane was right, the Perk acquisition muddy the waters.. since 2014 peak...declining revenues and cash revenue cash fy2014 $247.2m $126.9m fy2015 $214.9m $95.7m fy2016 $166.7m $78.4m fy2017 $175 $75m *(inc Perk acquisition q3 2017) fy2017 EBITDA $1.2m despite Perk's being EBITDA positive $3.4m for 9 months to Sept 2016 "Through the nine month period ended 30 September 2016, Perk generated US$52.8M in revenues and US$3.4M in adjusted* EBITDA." "The Acquisition is expected to result in an upgrade to FY2017 revenues, and be accretive to RhythmOne in the first full year of ownership." - if fy2017 revenues came in at $175, what were they upgraded from??? So despite their comments throughout the year, the strongest Quantcast figures, they increased yoy revenues by only 5% fy2017 includes Perk acquisition... H1 to H2 only increased $15m including Perk Acquisition Cash only increased $6m despite cash coming from Perk.. H12017 $80.7m $69.2m H22017 $95m $75m *rev up only $15m on H1 despite Perk's contribution...
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?
sikhthetech: tratante, they don't need to keep the price down..... If they thought the share price was going to move sharply higher then they would have made a move.. they were at 29% on 5th Jan, just before the dilution... and a year ago... what did they do over the past year?
sikhthetech: could it be that the no. of shares issued was simply set to near the 'limit authorised at the agm without the need for further authorisation', so that 1R doesn't need to seek shareholder approval... and that the share price was the current share price From the Perk acquisition announcement... "while RhythmOne shareholders have generally authorised, at its Annual General Meeting held earlier this year, the Directors to issue sufficient number of shares to close the Acquisition."
1gw: And while I'm here, a couple of follow-ups on your posting over the weekend. 1. Who do I speak for? Well no-one but myself obviously. When I said "what people don't understand" I was making an interpretation of various posts that I have seen - perhaps I should strictly have said "what people don't seem to understand..." although I do know for certain that 1 person (me) is in that position. I would say that the high tick count for that post might suggest that my interpretation was reasonable, wouldn't you? 2. Can you own shares in R1 and still want the share price to fall? You seem to be suggesting that since I have seen evidence that you did at one point own shares then I couldn't reasonably believe that you want the share price to fall. Well to give you just one scenario that I believe is plausible: your posting history seems to me consistent with primarily being driven by wanting revenge on other posters or even the company for past "bad" behaviour. i.e. even though you might own shares and so suffer financially from the share price going down, that might be outweighed in your own mind by schadenfreude - the pleasure you would take in feeling that your "enemies" were suffering more.
sikhthetech: a year ago, post H1 2016, Tosca increased their holding 3 times within a few days... on 19th Nov, Tosca increased of their holding by ~3.8m...from ~108m to ~111m... followed by another increase by ~4.5m on 23rd to ~116m.. followed by a 3rd increase of ~200k taking holding to ~116.97m On 19th Nov 2015 the share price opened @ 26p On 1st Dec 2015 the share price opened @ 23p during the period ranged from 20p to 26p Maybe the 3m reduction is just them top-slicing and taking some profit off the table??? would be interesting to see if there are any more holding rns
1gw: I see from the notice that Toscafund had increased before the latest decrease: 116.4m shares in annual report 117.5m shares before latest transaction 114.1m shares after latest transaction Now selling 3.4m shares (i.e. about 3% of their holding) doesn't strike me as "dumping" given the size of the holding. So perhaps that suggests it is tactical. Possible reasons could include: 1. A bit of top-slicing - but again, why only 3m shares? 2. Let someone else in who Toscafund thinks might be good longer-term to have as a shareholder (cf what happened on Findel with Sports Direct) - same challenge, why only 3m shares? 3. Stop a threatened price rise which might otherwise have made something else more difficult. 1. is possible, with the "why only 3m?" answered by price dynamics - they sold what they could above a certain price limit. 3. somehow seems more plausible to me. This is the scenario that various posters think is playing out on another holding I have, where they argue the major shareholder is selling into any rises (and buying back on falls) in order to keep the share price steady at a level which they believe will encourage a bid for the company as a first-step to getting an auction going with 2 or more interested parties. These posters argue that if the price rises too fast in anticipation of a recovery or a bid then that would make the bid itself less likely - and they believe that if one company bids then other companies could get drawn in to an auction. Maybe some wishful thinking there, but nice to see that the share price hasn't weakened following the rns.
Rhythmone share price data is direct from the London Stock Exchange
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