Rhythmone Share Discussion Threads

[loafofbread] 19/10/2018 18:42

This quantum stuff is months old anyway.

Whoever bought todays shares drove a hard bargain on price but was happy to take the volume (same old same old) but in the end got a steal.

Just wish I was starting from scratch here.

[1gw] 19/10/2018 18:25

Have we got digi and stt working together on throwing mud at R1?

What exactly is Mark Bonney's connection with Quantum apart from having been nominated on a viex slate of directors? Didn't he end up at Seachange instead of Quantum?

[jonc] 19/10/2018 18:14

He has been short of R1 for months.

[1gw] 19/10/2018 18:13

Are you now shorting this digi?

Am I right in thinking that the quantum mis-statements started in fy15 (y/e 31st Mar 2015) according to the first link below but viex only reached agreement on new directors for quantum in March 2017 and the first 2 new directors were appointed at the agm at the end of March 2017?

The company was subpoenaed by the sec in January 2018 (see 2nd link).

So hardly fair to say that the new directors were the cause of the problem or even that they could reasonably have been expected to uncover the problem before the sec subpoena, is it?

[loafofbread] 19/10/2018 18:05

The day Tosca pick up £50M from Sinclair is our biggest volume day for yonks and the price is played!

Safe to assume someone wanted out and the buyer obliged.

Lets hope this is moving to the end game.

[jonc] 19/10/2018 17:48

Because he posted it over 100 times and refuses to accept that it is misleading. That is all the rampers can do. Mislead.

[sikhthetech] 19/10/2018 17:47

Singer & Bonney's other company...quantum corp...
skeletons...
;-)

[freddie ferret] 19/10/2018 17:41

Chill, the company is ok.

[digitalis] 19/10/2018 17:40

As you guys know I’m not a fan of this cad Singer.....one of Singers other star boardroom invasions that was promising enhanced shareholder value Quantum Corp has just completed an internal investigation into its constructive accounting and overstated figures lol...!!

In connection with the investigation, the Board of Directors has concluded that there were misstatements in the Company's previously issued consolidated financial statements



Gosh Eric how has this happened under your nose with your pro active chums overseeing activities in the boardroom?......is this how your gonna enhance shareholder value here?....is that why the market isn’t touching R1 with a barge pole?

Quantum Corp stuff out there for all to read.....
My heart sinks....

[sikhthetech] 19/10/2018 17:39

Yes, from the Company...


NO MENTION OF 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. "

[freddie ferret] 19/10/2018 17:37

Just so you know the facts.






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

[sikhthetech] 19/10/2018 17:35

ff,

you accidentally missed out the word 'disappointing' between 'frequent' and 'trading'...
;-)


freddie ferret19 Oct '18 - 17:31 - 7115 of 7115
0 0 1
Not quite yet I think.
This company does give very frequent trading updates.

[freddie ferret] 19/10/2018 17:34

Derampers normally tell lies.
That means they have to swamp out factual information.

He also seems to be getting desperate.

There is a good chart floor to this at 150p and that is likely to hold barring a general market meltdown.

[freddie ferret] 19/10/2018 17:31

Not quite yet I think.
This company does give very frequent trading updates.
We seem to be getting information out of them around every two months.

[sikhthetech] 19/10/2018 17:28

There's still no rns stating when the results will be...
Last year, the results date rns was released on 31st Oct when they also mentioned the weakness in the sp. The results were on 4th December.

If they leave it another week or so to announce the results date then the results could be in December again.

"The Company notes the recent weakness in its share price and confirms that it is not aware of any developments since the release of its Trading Update on 17th October 2017 that would change the outlook contained in that statement."

[gowlane] 19/10/2018 17:26

Looks like we have a leaky ship here.

An RNS first thing Monday it looks like.

[freddie ferret] 19/10/2018 17:09

Just so you know the facts.






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

[freddie ferret] 19/10/2018 17:06

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