|Video interview with Ashley Mackenzie
Ashley Mackenzie, chief executive of online video and marketing firm Rightster Group PLC (LON:RSTR) says the company is making “huge strides” towards profitability, and says the firm is making “good progress on the strategic move to launching our own owned and operated channel”.
The company reported on Wednesday that current trading for 2016 is in line with expectations as it enters a new chapter following a major restructuring.
Part of the group's plan is to transform from a third-party technology provider to owning and operating its own video channels after it raised £10mln in a discounted placing last year and also plans to change its name to Brave Bison Group PLC.
Looking forward, Mackenzie says “this is the year that Rightser, soon to be Brave Bison, turns the corner” adding that the company will make “real, tangible steps to profitability”.|
|Read Stockdale's note on Rightster Group (RSTR), out this morning, by visiting www.research-tree.com …
“Rightster has announced FY15 numbers modestly ahead of our expectations, suggesting that the new management team delivered a reasonable end to 2015. More importantly, there are some very positive signs of stabilisation despite significant cost reductions; Q1 2016 has seen continued (albeit unspecified) revenue growth, and delivered a much-reduced EBITDA loss (£0.9m for the quarter). Combined with a stronger-than-anticipated cash balance at the end of Q1 (some £9.7m) this suggests a business being managed towards breakeven, although the planned investment in the new strategy is likely to commence in earnest later in the year. We make no changes to our P&L expectations for FY16, but nudge our year-end cash estimate up from £0.4m to £1.4m to reflect the progress to date…”|
|Ricky, I nearly bought in here a year ago...it looked good?It now looks bad...and will continue to look bad.The RNS you await will not come as saviour to move the share price forward.Best to look ahead at a new venture rather than a sinking Titanic that we have here IMO.?????|
|Surely an RNS is due after this recent collapse of the price, have they run out of money ?|
|This share is getting horrific. I can't see any company wanting to buy this so surely insolvency is a genuine outcome? My rationale must have gone AWOL when I bought in|
|Running out of money?
On 30 September 2015, the Company announced that it was exploring ways of seeking additional investment in the fourth quarter of 2015 to ensure it can continue to move towards cashflow breakeven and has sufficient working capital.
Seems like it as they have started strategic process. Wonder if one option is putting themseles in administration???
IM not touchin this garbage|
|Video interview with CEO Walker
Patrick Walker, chief executive of Rightster Group (LON:RSTR), says the online video distribution specialist is in good shape after what’s been a period of transition.
Walker took the helm in January and has spent time cost cutting, launching new products, targeting new markets and integrating new busineses.
Now, he explains the firm’s strategy is to focus on more high profile international brand and content partnerships, to deliver sustainable, higher margin growth.|
|Interim results out - some progress in the business and encouraging news on cutting costs. It focusses the mind on just how many shares they have issued atr a low price diluting the longer holding shareholders. Not yet any commitment on a date for cash+ or profit.|
|Rightster to present to investors at the Chesterfield Hotel in Mayfair from 6pm on the 2nd July. To register to attend, click here: http://tinyurl.com/q7ss6bk|
|From RNS on Wed 17th June.
Rightster Group plc (LSE AIM: RSTR), the cloud-based global video distribution and monetisation network, announces that further to the announcement of a placing to raise approximately £5 million on 7 May 2015, the Company advises that certain directors (the "Subscribing Directors") and senior managers have now committed to subscribe, in aggregate, for 611,108 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") pursuant to individual subscription letters at 18 pence per Ordinary Share (the "Subscription").
The Subscription is at the same share price as the placing, announced last month, reflecting the directors' belief in the future prospects of the business.|
|Second interview where he makes the point about how frugal he is by eating pizza. Meanwhile the company is burning through $5m a quarter and in October will owe him an additional $24m.
I guess he will go back to the markets for $10m in cash and then the rest as new equity.|
|New Rightster CEO targets growing online video ad revenues http://tinyurl.com/ogrx3xo|
|New chief exec seems a prize buffoon?
Not sure that will help matters?
Just a thought?|
|Oh is that all?Just a small little £18 million loss..........The mind boggles?|
|Video interview with new CEO Patrick Walker
Patrick Walker, who has recently taken over as chief executive of Rightster (LON:RSTR), says the company’s focus is now on execution.
He says he will carry on the vision set out by former CEO Charlie Muirhead, but the plan is to accelerate growth without spending as much cash.
It comes as the online video distribution specialist confirmed plans for raise £5.3mln in a placing. It also revealed it made a pre-tax loss of £18.8mln in 2014, which was slightly smaller than the £19.3mln loss registered the year before.|
|I'm new to investing, hence why I bought this. The rights issue doesn't seem discounted enough to me as I could have bought them at 18p myself last week. Is a small discount normal ?|
|They need the money just to keep them going as a 'going concern'.... This will be sold for pennies or delisted as soon as the £5 million runs out imo.|
|This is turnign into a disaster: not happy at Octopus buying in here|
|So they have to pay 24m gbp by Q3, but won't be break even until 2016 and had only 8.5m gbp end of 2014.
Stupid business model relying solely on internet bubble thinking to gloss over the fact that they don't make any money.|
|So last year the CFO stood down, now this year the CEO is standing down, but moving to a different position. It's business model has so far not made a profit. You would think that at these levels the execs would pick up a few shares on the cheap? I think I understand what they do, they basically market over peoples videos and put them online and monetize them? Most companies I know do this themselves and hence do not have to pay anyone else to do this. What am I missing here?|
|Rightster Group PLC Trading Update
RNS Number : 4160D
28 January 2015
Rightster Group plc
("Rightster", the "Group", or the "Company")
Q4 Trading Update
Rightster Group plc (LSE AIM: RSTR), the cloud-based global video distribution and monetisation network that simplifies delivery to TV scale audiences in the complex online video market, today provides an update on trading during its financial year to 31 December 2014, together with an update on its new second generation platform.
The Company continues to show strong growth in its online video traffic with average views for Q4 2014 estimated at 1.5 billion, a 25% increase on Q3 2014, where the average monthly video views were 1.2 billion. As a result of this encouraging growth, the Board is confident that it will exceed its previously stated target of achieving over 150% net revenue growth year on year and it is expected that net revenues for the full year to 31 December 2014 will exceed GBP8.5 million*.
Rightster's new, second generation architecture (2GA) successfully launched live trials in Q4 2014. Selected content producers and publishers started testing new software features that allow users to upload and distribute videos on a completely self-service basis. This beta release has been rolled out to selected customers through January and this will continue to a broader customer base in February and March. The Board expects the full commercial launch to a wide-ranging customer base in April 2015. This new software platform will introduce a tiered pricing model, where users can upgrade to Pro or Enterprise accounts in order to unlock additional features and support. This will enable the Company to benefit from additional revenue streams whilst the automation and self-service tools of the platform will allow Rightster to reduce operating costs.
Rightster will report its full, audited results for the year ended 31 December 2014 in mid April 2014.
|Looks like Muirhead jumping ship|