Rhythmone Share Discussion Threads

[andydangerous] 21/9/2018 15:12

And stayed above it until July 2017. If it can close above it today (215.28p), will be the first time since then so should get a few traders interested. Don't worry if you're short though, STT will confirm this is a negative.

[dyardley] 21/9/2018 14:41

Last broke through the 200 day moving average in June 2016....Subsequently rose approx. 100%

[sikhthetech] 21/9/2018 14:33

What about the Material Weaknesses and Significant Costs...
Added to the exceptionals expected from closing the 'low margin operations'...

1R said so...
"MATERIAL WEAKNESSES", "SIGNIFICANT" costs, "ADVERSELY AFFECT"


"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."







Page 43..

"SIGNIFICANT costs", SUBSTANTIAL MANAGEMENT TIME", "ADVERSELY AFFECT...OPERATING results..IN THE FUTURE."

"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. "

[jonc] 21/9/2018 14:30

Adjusted EBITDA you mean.

EBITDA with the DA and other stuff removed.

Nothing like EBITDA or more importantly real GAAP profits.

[barkboo] 21/9/2018 14:27

Pinky - got the head phones on...what you say? lol

[midasx] 21/9/2018 13:55

18,756,557 Held by TOSCA

8,660,299 Held by Lombard Odier

0,000,000 Held by Silk ????

[barkboo] 21/9/2018 13:37

Just picked up the phone and what do I see - the rags on TLY have just hit a tree!

What a wonderful world.

[andydangerous] 21/9/2018 13:27

Note Lombard Odier's holding is all shares now, 1.11% of it was a CFD in their last notification from May 24th. That would explain some of the volatility during that period I think.

[dyardley] 21/9/2018 12:28

Cant be many REAL shares left in 'free float'!!

[wheeze] 21/9/2018 12:24

Dangerous game to be shorting, when there is institutional appetite for these shares.Just saying.

[midasx] 21/9/2018 12:17

Wow how much do you get paid per post Silk, DESPERATE!!

[sikhthetech] 21/9/2018 12:10

Wheeze,
"Lombard Odier have clearly misunderstood the situation - they have been advised to short to zero, yet they have increased their holding. "


How many times did Tosca or RG buy and increase their holding since 2014???

Didn't Blackrock increase their holding in 2013/4 and were then subsequently shown to be lending out the shares for shorting???

The Shares On Loan is still relatively high...

[sikhthetech] 21/9/2018 12:07

"but don't see why it being mostly AT is relevant."
"How do you think institutions buy?"

Yes, by ATs but vol is low..

Traders rally, as in previous cases...

and Shares On Loan is still relatively high...

No reason to believe that the share price won't crash as we get the TU/results and the traders (pump and dumpers) close their positions....

[wheeze] 21/9/2018 12:04

Lombard Odier have clearly misunderstood the situation - they have been advised to short to zero, yet they have increased their holding. Crazy, she go crazy ( remember Manuel in Fawlty towers ?)I know nothing ! (Manuel again...)

[seball] 21/9/2018 11:48

Excellent thanks Andy

[sikhthetech] 21/9/2018 11:36

"I would expect it to need major news as a triggering event."

Yes, agree.. believable outlook and not just more jam tomorrow, otherwise the share price will crash after TU/results... as it has done so previously..

[sikhthetech] 21/9/2018 11:33

Vol is low and mostly AT...

[dyardley] 21/9/2018 11:25

Great analysis andyHow to you read the golden cross of 50 moving through the 200 moving avergaes which is alao very imminent?All feels like we are due a share price increase

[andydangerous] 21/9/2018 11:21

Alternatively you could count the D & E legs like this:



But E looks a bit too short I think, and would suggest the breakout is fairly imminent. With a purely technical breakout being possible, I would expect it to need major news as a triggering event.

[seekthetech] 21/9/2018 11:11

I repeat my earlier post. Glad to know I am not an idiot......I honk a fellow poster pointed out exactly the same alto and share price behaviour last time osier upped their stake. Jonc I can assure you the stock comes from fed up bored PIs



Do all 8 of you trading this share, probably 4 net of aliases think that your blurb on here creates a blind bit of difference to the funds that trade this share. Pretty obvious to a seasoned watcher that there had been a long term algorithm in place keeping the price down to hoover up all the shares which bored beaten up PIs have given away.

I appreciate some of the granular analysis by the longs -1gw in particular - but generally this B.B. resembles a primary school playground. And as for my cousin and jonc2c who are of course not the same person even though they are always logged in together in self congratulatory mocking, suffering sadly from RSI and autism, I hope they recover or find girlfriends:boyfriends etc to help them find a life

[andydangerous] 21/9/2018 11:10

A look at the chart suggests to me that a break to the upside is looking more and more likely. The price is continuing to squeeze but more so from the bottom, the low from August 17th has held. Triangles that break downwards tend to have impulsive down-legs, with a real absence of a bid, and end up being more more flat across the bottom. This one is fairly symmetrical and has impulsive up-legs.

Volume by price also shows the point of control(~204p), is below the current price- where the institutions will have loaded up. This should provide some support going forward. Short-term target 309p.