Rhythmone Share Discussion Threads

[precinct14] 19/10/2018 13:52

Congratulations, footy- you've just extracted urinal content from Berkykins!

[football] 19/10/2018 13:49

1gw post 7095 he got the £2.40 share price right in a roundabout way just not the way most of us were hoping for

[1gw] 19/10/2018 13:49

Personally, I don't consider 5% equity holding "limited exposure". I would be happy if the ceos of all my investments had such a high equity interest.

[sikhthetech] 19/10/2018 13:35

dagsteeth,

"Limited exposure"..

Yes, that's the point... and with a secured $100m credit facility... and with new BoD, possible skeletons, warnings of significant costs etc, I wouldn't be surprised if there was a profit warning.... It wouldn't surprise me if the current BoD blame the previous BoD and be in a great position to it buy off the bank or do a CAKE style white knight rescue????
Do you think they care about small PIs????

[barkboo] 19/10/2018 13:33

Hi Gordon - let you be the judge of that ah? Did we mention that Tosca and RG were getting together a corner long before the event? did we give the exact lumps purchased at least a fortnight before rns'd

Sometimes in this world you get lucky! lol Anyway Gordon, keep up the good work.

[1gw] 19/10/2018 13:27

Have you ever posted, ahead of the event, any scaffolder prediction that turned out to be true? Apart maybe from the timing of an rns?

[barkboo] 19/10/2018 13:20

Scaffolders have told me there is no significant stock now short sold.....that's their guess, and I find it very interesting.

Some stock still shown on loan ah? lol

[1gw] 19/10/2018 13:16

Thanks for the link to the Viex Yume presentation 2oco.

The capital allocation section is thought-provoking. There they were arguing that there was a missed opportunity of a stock buyback while the share price was low and that management assertions of cash being a "strategic asset" were non-sensical.

So applying that thought process to the R1 situation, what will they do? It seems unlikely to me that they will want to retain net cash on the balance sheet if they believe the business is going to be comfortably cash-generative going forward. So they will be looking to spend and gear up I would have thought. But will that be as part of another M&A move or as an opportunistic buyback? If they really are prepping the company for ultimate sale, as some on here suggest, I would have thought a buyback accompanied by a confident statement around valuation might be an attractive option.

But it might all hinge on their confidence in cash generation up to their base case time of sale assumption. Hopefully we will get a better feel on cash generation potential when the 1H results are released.

[digitalis] 19/10/2018 13:00

Interesting find 2coco..I would imagine singer has limited exposure with personal money....he should get a colourful presentation done now based on the dire valuation the market has attached to R1 since he and Bonney invaded the boardroom

[dagsteeth] 19/10/2018 12:58

I have done some back of the envelope. Singer bought his 15pc in yume at around $3.50. With his $1 special dividend and the $1.70 cash out of the Rthm deal his net in cost for his residual holding is broadly equivalent to his 5pc at today’s Rthm share price. Ie he is not underwater on his funds invested and has total control of the business and only has approx £6m exposure.

[sikhthetech] 19/10/2018 12:54

excellent post by gowlane..


gowlane19 Oct '18 - 09:05 - 7084 of 7092
-19.900 3 0
Why do we make some good honest posts here amongst all of the ramping dross?

Because half the lies that Football and Barky keep telling around here are not true at all!

They should have heeded our sound analysis when we advised caution at 50p.

[sikhthetech] 19/10/2018 12:39

Remember Rocket Fuel was eventually sold for a lot less than the asking price...
and 1R made a $13.8m loss for fy2018...
just saying...


1R's revenue/cash/profit(loss) trend...

revenue cash(cash + equ) profit(loss)
fy2008 $6.5m, $39.4m, ($16m)
fy2009 $13.9m, $21.3m, ($8.8m)
fy2010 $33.6m, $14.5m, ($8.5m)
fy2011 $66.1m $52.8m $7.6m
fy2012 $114.4m $38.4m $3.9m
fy2013 $198m $55.9m $17.4m
fy2014 $247.2m $126.9m $12.2m

Jan 2014 Blog
July 2014 profit warning

fy2015 $214.9m $95.7m ($20.8m)
fy2016 $166.7m $78.4m ($92.3m)
fy2017 $175m $75m ($18.7m) *(inc Perk acquisition q3 2017)

Nov 2017 - $100m secured credit facility arranged. SVB have first charge

fy2018 $255m $27m ($13.8m) (inc Rad1 & Yume acquisitions)

[dagsteeth] 19/10/2018 12:35

FYI. Dataxu makes 60pc of Rthm’s revenue and is unprofitable vs $50+m adj ebitda. If that’s worth €300m......just saying

[2oco] 19/10/2018 12:30

He has all the control he wants in R1 let’s see what he does with it.

[2oco] 19/10/2018 12:28

I came across this and thaught it was interesting.
I was trying to find out what price Singer purchased his Yume shares. (Just to know if he was down on his investment before the take over).

[football] 19/10/2018 12:22

Do any actual shareholders posted or is it all nonshareholders bashing the share and posting negative comments 24 seven about the industry and the company.


gowlane you seem to be bed chums with old STT who sleeps nearest the door? And seeing your so interested in protecting innocent shareholders from being ripped off by rampers it's a shame you don't pick up on STT is totally ramping where the company only stayed afloat because the management did use placing at 55p and ripped off shareholders and the more it falls the more STT ramps it! Don't innocent shareholders need protecting over their like you're doing here?

[gowlane] 19/10/2018 12:16

BARKBOO - 16 Oct 2018 - 18:11:40 - 6994 of 7092 RTHM - RTHM
I dont like to keep going on about TLY...

---------------------

Yes we have noticed Barky, probably 50 posts by now?!

By the way would you mind keeping it decent?

That is quite enough from you about orgasms, there are some family members reading this thread.

[gowlane] 19/10/2018 11:50

Hmmm... I see what you mean Sikh.

As we have discovered with Blinkx / RTHM, reputation counts for a lot in business so I hope they will stamp this out

[precinct14] 19/10/2018 11:26

^ Oh dear. Why not have a word with your pal Eric Singer, digi? He always listens to you.

How's the RTHM trading going, Berky? Well down within a week, then.

What a pair you two make.

[sikhthetech] 19/10/2018 11:21

gl,

OT Crest..
"I have not seen any reference to Crest in relation to that leasehold scandal, but it looks like the Govt have now put their foot down over that practice."

Their TU from last year stated a 'v few' leasehold sold but not material exposure..
So relatively low risk to Leasehold sales but not none... Taylor Wimpey seems to have really got themselves into trouble with it..
The government are currently consulting over leaseholds - it hasn't been stamped out yet... I keep an eye on property/Leasehold reforms in case they affect my investment...

Most of the fault for new build Leasehold sales is the government's anyway...





CRST's TU, May 2017..

"Leasehold Sales
There has been some public comment on leasehold sales in recent months. It is the Group’s general approach to sell houses on a freehold basis and, as a result, very few leasehold houses have been sold. We continually review the terms of ground rents for the sale of all leasehold properties and we do not believe that they constitute a material exposure for the Group."

[digitalis] 19/10/2018 11:18

17p....absolute disgrace it could be churned down to this