Rhythmone Share Discussion Threads

[freddie ferret] 18/10/2018 15:16

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."





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



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 Oct '18 - 17:14 - 7021 of 7060 Edit
0 0 2
Not quite sure what happened there the page expanded somewhat.

[freddie ferret] 18/10/2018 15:14

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."





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



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 Oct '18 - 17:14 - 7021 of 7060 Edit
0 0 2
Not quite sure what happened there the page expanded somewhat.

[jonc] 18/10/2018 14:15

Short to zero.

Big drop this afternoon imo.

[football] 18/10/2018 13:11

Blah, blah, blah, blah!

[sikhthetech] 18/10/2018 13:06

gl,

ot Crest...

That's one of 1gw's favourites..

Their pre-close TU from this week didn't look encouraging... and with house prices not doing so well, Brexit uncertainty, I'm not sure if it will change in the near future...

How much are they affected by the new build Leasehold scandal???

[sikhthetech] 18/10/2018 12:55

and in terms of forecast..

They said similar in fy TU but then forecasts were reduced, weren't they?...
They also changed from Market to Management forecasts...


Q1 TU vs H1 Tu..


Q1 TU:

Outlook

"We are pleased to provide this update on our first quarter trading in FY2019, with revenue and adjusted EBITDA1 performance in line with current MARKET expectations," said Mark Bonney, CEO of RhythmOne."



H1 TU..Sept..

" Performance for H1 2019 is expected to be in line with MANAGEMENT expectations

[sikhthetech] 18/10/2018 12:53

MidasNico,

They 1st need to announce when the results will be.. No rns so far.. last year, they announced the results due rns on 31st Oct and results were in Dec..

[gowlane] 18/10/2018 12:25

O/T, Crest Nicholson looking interesting

It it time to dip a toe in the water or just put it on the watchlist?

[gowlane] 18/10/2018 11:56

These H1 accounts will have to be scrutinised very carefully for any fishy business behind this mysterious Adjusted Ebitda that Singer has promised despite such poor revenues.

Let us hope it is not any thing too obvious such as shifting a large chunk of normal recurring expenditures into restructuring and exceptional costs.

Reginelli would not stand over that, he has a stubborn streak and would be liable to walk out. You would need a compliant CFO who was just in the door and who knew nothing about the business.

Uh-Oh...

[kendonagasaki] 18/10/2018 10:02

Glass door!Wish yould walk into one and give us all some peace silky?

[kendonagasaki] 18/10/2018 10:00

Smells like your wifes breath!?

[cryto_charlie] 18/10/2018 09:52

something to do with the smell?

[tann93] 18/10/2018 09:42

Why is the share price tanking, anyone?

[dagsteeth] 18/10/2018 09:14

Cryto Charlie. Another maggot emerges from the woodpile

[stocky] 18/10/2018 09:07

Nanny just wants a last holiday to the Bahamas before she is ready for never never land. £24 per share would help nicely.Surely since the Blackocking days, all shorts must be closed?

[cryto_charlie] 18/10/2018 08:55

this POS is for pirates mate. even the rats stay clear of this stinking ship.

[kendonagasaki] 18/10/2018 08:51

Still can't rule out Martin sorrels new outfit where Tosca have a hefty stake too.

[loafofbread] 18/10/2018 08:42

fb,

Probably sacked the tea lady!

Tosca get their £50M cash from Sinclair this week so you never know!

Anyway, rumour has hit the market.

4k of buys.

(I wish)