Rhythmone Share Discussion Threads

[1gw] 17/10/2018 19:24

I presume the early TU was to try to calm any market nerves associated with the abrupt departure of Ed. If we are going to get a "normal" TU with operating kpi's and cash/bridge then tomorrow would seem the most likely day. Otherwise it seems to me we're likely to have to wait until results in November for more granularity on 1H performance.

[sikhthetech] 17/10/2018 19:10

Midasx,

Desperate cost cutting because the company sees significant costs ahead..



The Glassdoor reviews also back up what the TU stated...
No cash, CFO leaving...

The TU reminds everyone of the risks attached to the forward looking statements...


These and other risk factors are discussed in "Risk Factors" of RhythmOne's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission on July 31, 2018, a copy of which can be found at www.sec.gov."




These risks include those the company has already warned about...

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

"D. Changes in Internal Control Over Financial Reporting

As a result of material weaknesses related to the ......."




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. "

[luafc] 17/10/2018 18:43

jarvis4 re 7022:

Have voted up.

[alex1621] 17/10/2018 17:33

Lester will be riding Shergar.

[jarvis4] 17/10/2018 17:32

digi - an interesting note and viewpoint. Whatever the rights and wrongs of Edelman et al, the fact remains that the company was damaged as was the reputation of anyone at a senior level. The change of name made little difference as the general stench was too overpowering.

The past few years have seen both the company and its market place make huge strides in the right direction. That said there have been no profits and management have not endeared themselves to the market with oblique and obscure pronouncements and announcements that have times verged on the misleading - think the notorious inflection point.

Tosca have obviously bought in with a purpose and I suspect that both they and Singer can see that, with a bit of robust and focused management, this merged company can deliver impressive turnover, profit and cash generation metrics.

Whatever Singer’s track record to date, he is making all the right noises regarding shareholder value. Probably he well understands that, as this is Aim, if his words are not matched by deeds there will be no material ramifications.

So, we can do no more than sit and watch the game unfold. One straw in the wind was the early release of the provisional half year figures. Why were these early? What message did that send and to whom? I see no mention of November in the figures released so far. If the formal figures are released early and contain one or more pleasant surprises then that just might be a straw in the wind to the effect that, this time, Singer might just perform for both himself and shareholders. We shall see.

[freddie ferret] 17/10/2018 17:14

Not quite sure what happened there the page expanded somewhat.

[freddie ferret] 17/10/2018 17:07

H1 2019 Update

The Company is finishing the first half of the year strong with year-over-year growth in both revenue and EBITDA(1) . This upward trajectory was fueled by continued growth in programmatic platform revenues. The Company is tracking against its key objectives for the year:

-- Enhancing its unified programmatic advertising platform;
-- Growing its base of data-driven engaged audience segments; and
-- Innovating around video and connected TV (CTV) advertising.

Performance for H1 2019 is expected to be in line with management expectations across key metrics, as follows:

-- Revenue increasing by approximately 50% from H1 2018 to $170 - $180 million (H1 2018: $114.5 million);

-- Adjusted(1) EBITDA increased by approximately 600% from H1 2018 to $19 million - $21 million (H1 2018: $3.1 million).

Mark Bonney, President and Chief Executive Officer said:

"We are excited to have Mark join the team and believe this addition brings a level of experience and sophistication to our finance team that will greatly contribute to the future success of the Company and our continued execution against our financial plan. Together with the addition of Mark and our strong H1 2019 performance, we believe we are well positioned to deliver further strong performance in FY2019."





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seball - 09 Oct 2018 - 12:26:39 - 246 of 346 RhythmOne - All New 2018 And Beyond - The Rampers Thread - RTHM
Let us remind ourselves of how undervalued R1 is.

N+1 Singer Note

Alongside the CFO change announcement, RTHM included a compact update on trading. While H1 revenues are off plan (weak Performance market and integration disruption), lasting effects look likely to be modest and the biggest implication of H1 EBITDA guidance is that costs have been reduced much faster than expected, providing comfort for the full year. EBITDA looks set to continue to soar and investors are likely to focus on H1 19 EBITDA progress; c$20m compares very favourably with $3.1m in H1 18 and $14.0m for all of FY18. Our new FY19 forecast is for $48m. The stock trades on just 3.6x FY19 EV/EBITDA. We adjust our TP to 533p (was 730p) implying investors can more than double their money. BUY



...............................................................................................................................................................



seball

9 Oct '18 - 17:40 - 259 of 351
0   2  2



Whitman Howard

Today R1 has announced a positive trading update and the continued restructuring of the business with CFO Ed Reginelli resigning and being replaced by Mark Zorko. This is consistent with continued execution of R1 financial plan focused on accelerating growth and profitability. We retain our Buy and 770p price target

[freddie ferret] 17/10/2018 17:03

Kendonagasaki


16 Oct '18 - 19:04 - 9327 of 9336
0   3  1



If i have 4 goats and i shag 3 of rhem in one night.....how many goats do i have left to shag


The answer to this is it depends on whether you have got any of the goats pregnant.

Re cost cutting, this is usually good news it leads to greater profits.

[midasx] 17/10/2018 17:02

Glassdoor reviews sound very positive. Cost cutting is the key to good profitability!

The machine is already built and it does not need overpaid employees claiming bonuses and taking expensive lunches to make it function!

[digitalis] 17/10/2018 16:51

Do we all cling to the singer surprise element in nov.....the shock to the market that’s gonna burn the shorts and make genuine investors rich within days?
Or do we now think Eric Brandon Singer is a hedge fund executive to his core,that makes him naturally duplicitous?.. and by now he should have given the nod to other hedge fund managers who should be buying the stock supporting Singers theory that shareholder value is on its way?
Instead we have a market cap first seen in 2007....we have had the rout of all routs outing anyone connected to Cambridge,blinkx or basically anyone not nodding in Singers direction....that would lead to the impression things were so bad at R1 the drawing board and pencils have been thrown out?....
I never thought that was the case....I felt laterly Suranga and Brian M,s position was untenable because of the stranglehold Tosca had on the company......
I’m looking for something honest,decent,rewarding and thumping in nov....something which I have not found anywhere in connection with Singer and Viex.....
This is just my personal opinion based on yrs invested in Blnx/R1 and some very interesting research people watching....

[jonc] 17/10/2018 16:30

Nice little collapse into the close.

Short to zero.

[alex1621] 17/10/2018 13:26

Don't talk about un-banning you hypocrite, that's all you ever do ... a pointless endeavour.Do you think if ADVFN boards on R1 were full of praise for every move the directors make it would be trading at £24? And where is Geh2, is the poor man lying dead in a ditch somewhere? Has Barky overdone it with the lash? This is a bigger scandal than Khashoggi.

[jonc] 17/10/2018 13:01

Holders should be looking to preserve capital not get bold joe with those who choose to discuss the precarious nature the business is in.Mind you if have held your core holding of 70000 from £24 to £1.80 you must be feeling as sick as the proverbial parrot.Nice one barkers.Short to zero.

[sikhthetech] 17/10/2018 12:36

JonC,

Yes you were right about the cost cutting and cash burn...

The Glassdoor reviews also back up what the TU stated...



No mention of cash AND CFO leaving.

The TU reminds everyone of the risks attached to the forward looking statements...


These and other risk factors are discussed in "Risk Factors" of RhythmOne's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission on July 31, 2018, a copy of which can be found at www.sec.gov."




These risks include those the company has already warned about...

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

"D. Changes in Internal Control Over Financial Reporting

As a result of material weaknesses related to the ......."




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. "

[jonc] 17/10/2018 12:14

Wow silky. That is pretty worrying and confirms my views that there is a slash and burn policy in pursuit of short term objectives.

[football] 17/10/2018 12:06

stt you believe throwing money at something will solve the problem even in growing industries the best cost effective way will bring you to profitability fastest! But then again you believing chucking money away and spending the people's money don't you as your a bloodsucking shareholder of totally who are ripping off the NHS so don't mind being thrown endless amounts of money without checking out if it's being wasted.



I think most year see cost-cutting in any business especially one where two companies have amalgamated is a good exercise as there is going to be loads of parts of the business which overlap and need cutting.

[barkboo] 17/10/2018 11:52

Yes the market is learning those TLY contracts cost the company money - that rns that was supposed to be good news...has turned red. lol

The genuine TLY investors - I feel sorry for.. the rags that are being skinned here, it's orgasmic!!

[sikhthetech] 17/10/2018 11:07

Good posts JonC...

[jonc] 17/10/2018 10:39

Trust me I'm a bookie.

lol

[digitalis] 17/10/2018 10:10

Eric can you see us from over the pond or is your telescope fogged up?......the valuations here are similar to baby oil companies pumping air from their nodding donkeys?......
I hope you’ve got a Del Boy type cunning plan to turn this around next month?.....