Rhythmone Share Discussion Threads

[1gw] 24/9/2018 12:46

Stt, you're getting very close to serious misrepresentation there in post 8899 aren't you? You know those "material weaknesses" are the result of moving from Aim requirements to the much more robust sec/sarbanes oxley requirements. There is no suggestion they were not compliant with Aim control requirements is there? The F4 "warnings" were pretty much boilerplate weren't they and were disclosed last year pre- merger? As such the expected costs of compliance are included in the calculation of expected synergies (cost savings) to be delivered from the merger, wouldn't you agree?

[digitalis] 24/9/2018 12:34

I’ve a feeling sikhers is devious enough to have pulled his investment out of TLY and put it quietly into R1,s phenomenal potential without telling his chums.....
Under normal circumstances I could have a tear in my eye for the buffoons backing sikhers tly but on this occasion naaaaa

[sikhthetech] 24/9/2018 12:17

gl,

I was expecting it, given Ken also returned a few days ago from his 2 months off... must be a coincidence... honest guv...
;-)

[digitalis] 24/9/2018 12:16

Afternoon barky,glad you decided to filter the filth lurking on these boards.....nothing good comes of engaging with these muppets with an agenda....TLY falling will give the bashers something else to sweat about as most of them followed the turbanator head first into it.....

[sikhthetech] 24/9/2018 11:21

and further article regarding apps & GDPR..


Two French location data companies receive GDPR consent warnings
The companies were obtaining user location data from app publishers, but consumers were not told about that usage.

[lance corporal winstanley ash] 24/9/2018 11:16

Sikh, have you lifted that from a disclaimer?

[digitalis] 24/9/2018 11:12

Moving in the right direction,hopefully that 2% taken out of circulation has tightened the noose a little......

[sikhthetech] 24/9/2018 10:55

Mome,

"1R are doing fine"...

The company has warned:
"MATERIAL WEAKNESSES", "SIGNIFICANT" costs, "ADVERSELY AFFECT...OPERATING results..IN THE FUTURE.""

Added to the exceptionals expected from closing the 'low margin operations'...
kitchen sinking and new management finding any skeletons spring to mind..


"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. "

[barkboo] 24/9/2018 10:26

Just having a quick look at non filtered post - very bullish!

I see Gowlane is still here - the last of his savings went swirling down the toilet last year..he frantically saved some dough and went all in TLY at 50+

Now that’s the man rags should listen to?

[sikhthetech] 24/9/2018 10:24

gl,

Thanks, industry newsflow can have a major impact on companies within the sector..

Re Mobile and GDPR...




Mobile Apps Are Stalling On The Way To GDPR Compliance

"Each of the top 50 free iOS and Android apps in the App Store and Google Play contains multiple SDKs that appear to do some form of tracking and/or data collection, according to a July study from Evidon parent company Crownpeak.

Their presence doesn’t automatically translate into an issue, but the same study found that of 100 apps tested, 79 didn’t give users any type of consent notice or user-level controls over their preferences.

“Simply downloading an app doesn’t constitute unambiguous consent,” said Gabe Morazan, a senior product manager at Crownpeak."

[sikhthetech] 24/9/2018 10:15

Midax,
""Do you thing Lombard Odier had an idea of how things are going at RTHM before they decided to add another 800K shares?"

Do you think Tosca, RG or indeed Blackrock had any idea of how things were before they decided to add?
If you remember Blackrock, in 2013/4 were increasing and were mentioned as the ones in the know, the ones to follow but were then shown to be lending out their shares..until Blnx issued their profit warning...
Do you know if LO aren't averaging down, as JonC says, or not making money out of lending out their shares?
Who is lending out the shares?

avg SoL is still relatively high compared to pre Yume deal being announced..


SoL:

Shares On Loan: since Nov, just before Yume acquisition was completed.
It is still more than double the avg % from last June, after fy 2017 results were announced and pre-BM departure and Yume announcements... and still 4x the avg % following the Perk acquisition...
We had 495K new shares issued around mid Aug.. Total issued: 78,515,863 ordinary shares..


Nov 3.68m
Dec 3.17m
Jan 2018 3.3m
Feb 3.49m
Mar 2.93m 4.1%
Apr 2.76m 3.79%

TU..

May 3.29m 4.47%
June 3.17m 4.29%

fy results...

July 3.62m 4.89%
Aug 3.53m 4.76%

[momewrath1] 24/9/2018 09:39

R1 are doing fine Gowlane and are on an upward trend building more of a market share with new business and increasing margins(annual report). I also think Q1 revenue of circa $87 million was depressed due to early effects of GDPR which has since normalised. I expect a near 30% increase on Q2 revenue(possibly more)leading up to a near $200 million revenue for H1. Not bad for starters! Trends suggest H2 will build on that as new customers come on board and with the now higher margins. Seems a good time to invest. There is no suggestion mobile is flat lining as you hint. Indeed eMarketer think otherwise. We'll all know soon enough.

[dyardley] 24/9/2018 08:58

I think this time the rise is for real.All indicators are coming together.

[midasx] 24/9/2018 07:59

Well Silk spent another wasted weekend deramping here, very sad, hopefully you get very well paid!

Do you thing Lombard Odier had an idea of how things are going at RTHM before they decided to add another 800K shares?

1gw 20 Sep '18 - 21:02 - 8797 of 8881 Edit 0 9 2

Quite right, STT, it is perhaps naïve of me to assume that everyone can be bothered to read the annual report when considering investing in a company. I tend to find that business context, strategy, strengths (and occasionally weaknesses) are laid out in excruciating detail in most companies' annual reports.

My strengths tend to be in analysis of the numbers and interpretation of the financial statements, which I find is where many investors and potential investors appear to be grateful for a bit of help. So for me, I take the context, strategy and strengths as a given and focus on the numbers.

But for stt and any others without the time to look at company reports, the non-financial side of the business case as I understand it, drawing heavily on the company's annual report, is basically:

MARKET OUTLOOK
Robust sector growth;
Dominance of programmatic trading;
Growth of Mobile, video and OTT/Connected TV;

COMPANY STRATEGY
Focus on differentiation and growth in three key areas:
Enhance unified programmatic advertising platform;
Grow base of data-driven engaged audience segments;
Innovate around video and connected TV advertising.

All the above, basically headlines from the Business Overview section of the annual report, with lots more detail available under those headlines in the report. The outlook statement is also worth taking into account:

"The Company anticipates continued growth throughout FY2019, led by its programmatic capabilities and augmented by its recent acquisitions. The industry is characterized by fewer, dominant, better integrated players that are able to deliver sustainable value to both demand and supple sides of the value chain. The Company now has the unique combination of technology, talent and relationships in place to scale both organic and inorganic growth as the industry continues to evolved and consolidate.
...
RhythmOne enters FY2019 in a confident position, with a product portfolio that is well aligned with industry growth trends."


I think that last statement is one of the key ones. We've seen an awful lot of posts on this board about what's happening in the ad tech world. It seems to me that the bull case for R1, without numbers, is that it's beautifully positioned to ride the wave of change. It was a (forced) early adopter of verification and filtering and as a result has established itself at or near the top of the independent industry quality and trust ratings published by Pixalate. It has made some significant acquisitions last year, which appear to propel it to the type of scale where it can not only become increasingly profitable, but also can increasingly become a home to those companies that are sub-scale and looking to be consolidated. Looking further ahead it seems success in that direction may ultimately lead to it becoming a very attractive target itself to be taken out by a telco or other large company looking to buy a ready-made AdTech business.

[football] 23/9/2018 23:20

STT tly £1.40+ when you started ramping them and 19p so how much have your pump and dump gang made from mug punters????


not has much as blackrock made from YOU!!!!

[football] 23/9/2018 23:12

STT every coin i spend to vote up a post you have too spend MORE to vote it down why?????


in your header it says

"The opinions expressed are not advice.
ALL views, bull and bearish are welcome...All readers must do and rely on their own research."

[football] 23/9/2018 23:10

YES!! 2 of stt gang of posters



Football's own admission..to see off posters bashing (posting a contrarian view). Why? all views bull/bear should be welcome...

football - 14 Nov 2010 - 23:55:37 - 30806 of 107028 BLINKX re-SEARCH (2009) - BLNX
<...>
i have seen off grax this year with his bashing and chris2601 is next