Rhythmone Share Discussion Threads

[sikhthetech] 02/9/2018 20:13

Following on from P&G and other large advertisers demands for changes to the advertising ecosystem... following on from Methbot fraud etc...

I think the Advertisers demands of reforms would affect the advertising ecosystem, wouldn't it???....
The charter Includes fee transparency... as expected.

How much do 1R earn from 'hidden fees'? Their court case with DataXu over fees ended 6 months ago...


All opinions welcome...

[sikhthetech] 02/9/2018 20:03

As predicted, P&G and other big advertisers demands from last year has led to advertisers charter..

Now would Advertisers demands of reforms affect the advertising ecosystem.... oh includes fee transparency...
hmmmmm...




Global advertisers demand reform of digital ad ecosystem

"It seeks to build on the concerns highlighted by Procter & Gamble[3] and Unilever[4] in the areas of transparency, brand safety, ad fraud and viewability by creating a framework that agencies, ad-tech companies and media platforms should comply with if they want to secure advertising revenues in the future."


1) Zero tolerance to ad fraud with compensation for any breach
2) Strict brand safety protection
3) Minimum viewability thresholds
4) Transparency throughout the supply-chain - complete transparency through the supply chain (digital or otherwise) covering pricing and trading, fees and costs, placement and data usage. Advertisers respect the right of partners to be profitable and commit to relevant and fair levels of remuneration for services rendered.

5) Third-party verification and measurement as a minimum requirement:
6) Removal of ‘walled garden’ issues
7) Improving standards with data transparency:
8) Take steps to improve the consumer experience

[sikhthetech] 02/9/2018 19:40

It is really unlucky if an investor invests in 1 company which has been subject to fraud allegations...

but what if the same 'investor' has been in 3 companies which have had fraud allegations!!!


GBO - I think is fairly well known...

anyone know anything about Sefton Resources (SER) and Meldex(MDX)...


Barky, you've invested in all 3 of them at some point... what is your opinion of them????

[sikhthetech] 02/9/2018 19:24

"It may come as a shock to you but investors are supposed to read beyond the headlines. "

yes, isn't that what the 'good judges' have been saying for years..

oh look, it says so on my thread header... so not a shock, is it, despite your misleading assumptions..

"Read all newsflow, industry and company, bull and bear.."

[1gw] 02/9/2018 18:17

stt - your post is pretty much the textbook definition of misleading. You're taking a single headline out of context to suggest that R1 missed its guidance by a mile.

It may come as a shock to you but investors are supposed to read beyond the headlines. R1 was guiding to adjusted ebitda profitability and that was reasonably clear if you read the press release and explicit if you read the presentation. Analysts at the time were indicating consensus adjusted EBITDA breakeven.

One of the reasons I have stayed invested over the last couple of years is that R1 has been delivering on its guidance/hints. It just about guided to adjusted EBITDA breakeven in FY17 and delivered, likewise with their adjusted EBITDA target for FY18, as well as delivering 2 big acquisitions. This year is the big test of course with adjusted EBITDA expectations of $50m or so.

[sikhthetech] 02/9/2018 17:53

oh dear, true to form, the loaded posts and BS misleading assumptions from our resident naive poster...

[sikhthetech] 02/9/2018 17:51

Loaf (biffa)...
I noticed there's no mention of Goldman Sachs 9.95% holding nor has there been any rns ?? funny that?

[sikhthetech] 02/9/2018 17:46

I never created the headlines.. there's no '*' next to the heading to suggest that investors should refer to any notes or H1 presentation, is there?

s it's the RNS is misleading, isn't it?

But hey-ho, true to form, it wouldn't stop you (brassneck on lse) from contining with your snips and misleading assumptions and BS, would it???.



"Company Exceeds Expectations, Led by 45% Growth of "Core" Programmatic Products, and Reaffirms Return to Full-Year Profitability in Financial Year 2017"

[1gw] 02/9/2018 17:14

But you also backed TLY and were in deep even in 2014, so I'm not sure of the relevance of your investing track record in trying to decide whether the totality of the investment case for R1 is good or bad? And were PIC and QXL (never mind TLY) not making bullish comments when you invested? Was it universally acknowledged that they were producing solid financials and believable outlooks that backed up any bullishness they were showing?

sikhthetech
2 Mar '14 - 16:40 - 2231 of 3524 0 0 0
I've put my money where my mouth is...
I've a huge amount invested and all in my ISA...
I

[sikhthetech] 02/9/2018 17:01

JonC,

yes and H1 2017, they said:

"Company Exceeds Expectations, Led by 45% Growth of "Core" Programmatic Products, and Reaffirms Return to Full-Year Profitability in Financial Year 2017"




and when it came to fy2017..

Loss for fy2017 ($18.7m)...

[1gw] 02/9/2018 16:55

Beneficial owners.

The 20-F provides a later snapshot than the annual report, with the 20-F reporting the position as of 13th July. Having said that, it doesn't seem to have the increase to 10% reported by R&M as of 9th July, or the 18.7m shares (23.9%) reported by Toscafund as of 13th August.

Main change seems to me to be the emergence of Morgan Stanley Wealth Management as a 3%+ holder, with a reported interest of 2.5m shares, or 3.2%.

Digi - please note that Viex (as an institution) and Eric Singer (as a director) are both listed as holding 4,057,325 shares, with an explanatory note. This (IMO) has always been the position - there has never been an "additional" 4m shares.

See page 49 of the 20-F:

[sikhthetech] 02/9/2018 16:27

Amazon doesn't have a history of making bullish comments and not backing them up, does it?

I backed PIC, qxl etc etc etc before they were winners... strange that, isn't it???

risk/reward...

[1gw] 02/9/2018 16:14

And as has been said on more than one occasion, once the race has been run it's easy to pick the winner. The challenge of investing is to pick the winner before the results of the race are announced, isn't it?

Are you still waiting to see Amazon's p/e hit a sensible number based on solid financial earnings before investing there?

[sikhthetech] 02/9/2018 15:59

"Should Become", "significant costs", "substantial management time"


So HOPEFULLY some time in the FUTURE...not there yet...

"SIGNIFICENT Costs"..
More one off costs for this year..


Still uncertainity..

So no hurry to buy yet..


so yet again, as repeated many times before...
IF 1R back up their bullish comments with solid financials and believable outlook then sure the sensible posters will adjust their opnions...



As I said in my previous post:

sikhthetech2 Sep '18 - 11:51 - 8440 of 8443 Edit
2.000 2 0
Let's hope they don't find anything materially wrong with their old systems... skeletons in the cupboard!!!

[1gw] 02/9/2018 14:50

But equally, that filing shouldn't be a surprise. Most of the material weaknesses were listed in the prospectus as was the expectation of significant additional costs to comply with Sarbanes Oxley (SOx). What the latest filing shows is that implementation of changes to comply with SOx is now underway.

Anyone who has been even peripherally involved with preparations to become SOx compliant will know what an undertaking that is. The good news for investors is that R1's financial control processes should become much more robust as a result of making them SOx compliant. How many AIM companies can say they are SOx compliant? That too, along with its Pixalate rating, should be a major selling point to institutional investors I would have thought.

This extract from P43 of the prospectus (F4):

"The combined company will incur significant costs and devote substantial management time as a result of becoming subject to reporting requirements in the United States, which may adversely affect the operating results of RhythmOne in the future.

As a company subject to reporting requirements in the United States, the combined company will incur significant legal, accounting and other expenses that RhythmOne did not incur as a public company in the United Kingdom. For example, RhythmOne will be subject to the reporting requirements of the Exchange Act and is required to comply with the applicable requirements of the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act, as well as rules and regulations subsequently implemented by the SEC, including the establishment and maintenance of effective disclosure and financial controls and changes in corporate governance practices. Compliance with these requirements will increase RhythmOne’s legal and financial compliance costs and will make some activities more time consuming and costly, while also diverting management attention. In particular, RhythmOne expects to continue to incur significant expenses and devote substantial management effort toward ensuring compliance with the requirements of Section 404 of the Sarbanes-Oxley Act, which will increase when it is no longer an emerging growth company as defined by the JOBS Act. "

[sikhthetech] 02/9/2018 13:28

That sec filing is acompany filing not speculation from news articles...

[sikhthetech] 02/9/2018 13:25

oh yea, just over 4 months ago they said that they 'fully in line with CURRENT consensus" JUST WEEKS later the revenue forecasts for fy2019 were substantially reduced...

as expected...

like I said whatever the current status, it's great..

The company's statement:

"We believe we are well-positioned to deliver a further strong performance in FY2019 - fully in line with current consensus estimates in market - as we realize the full contribution of the YuMe acquisition. "

[football] 02/9/2018 12:21

What management you keep saying they've had three new management teams in the year and the last lot say we will be profitable and we are meeting market expectations why talk about the past and not the future?


That today's phrase "... hmmm...." Meaning they're all a bunch of liars but you haven't got any ballocks to say so! As you are weak and someone who has lost all respect from people around him due to his obsessive behaviour.




And by the way great post on the LSE message board


RE: Industry articles

Fri 17:14

Stt, just seen your post on advfn, you really don’t get it do you? The open to all was targeted at you, just another post from me trying to get you to engage in debate. Any other poster would just post their opinion. It seems only you fail to engage in debate at any and every opportunity. Posting links isn’t a debate or discussion. You’ve never, as far as I can remember, ever posted your own thoughts and analysis on any discussion board. Are you incapable of independent thought? I’m more than happy to engage with a coherent discussion on the likely future for R1, be it a path to profitability or wider losses. I’ve posted many a time my views on why I think it’s the former of those. For one last time just post your view of H1 revenues and why/how you get to that number. You’d be amazed what a better quality debate the whole board would then have.

[sikhthetech] 02/9/2018 11:51

Let's hope they don't find anything materially wrong with their old systems... skeletons in the cupboard!!!


hmmm...


"D. Changes in Internal Control Over Financial Reporting

As a result of material weaknesses related to the (i) insufficient nature of RhythmOne’s formally designed, documented and implemented control processes and review procedures; (ii) lack of adequate controls over key reports and spreadsheets; (iii) lack of key accounting personnel with the requisite knowledge and experience of IFRS for complex transactions and SEC rules; and (iv) lack of adequate control over preparation and review of key balance sheet account reconciliations with respect to the acquisition of YuMe, management is in the process of implementing changes designed to prevent material misstatements and improve its internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act). Specifically, RhythmOne intends to hire necessary additional competent and qualified accounting and reporting personnel with appropriate knowledge and experience of IFRS and SEC reporting requirements. RhythmOne also intends to establish an ongoing program to provide sufficient and additional appropriate training to our accounting staff, especially training related to IFRS and SEC reporting requirements. Additionally, RhythmOne is implementing a reconciliation process whereby invoices received are matched to media buy and publisher accruals."

see pages 5/6 and 61

[sikhthetech] 02/9/2018 11:47

"Incredible how little historic management criticism came from the faith like you, digitzero."


absolutely, when the historic management were in charge, it was great... whatever 1R(blnx) ARE doing is great... then anything 1R mention it's:

- any changes, great WAS needed, old were useless, 1R AHEAD of the game, 1R whiter than white, 1R have the edge... hmmm....


so, obviously, they didn't have the edge before 1R mentioned it...
lol

[luafc] 01/9/2018 12:38

Perhaps the roulette table suited management. Maybe it did, maybe it didn’t. But some of the failings of the company may have led to Class Actions elsewhere. Incredible how little historic management criticism came from the faith like you, digitzero. Yet you now imply historic mistakes.