Rhythmone Share Discussion Threads

[freddie ferret] 24/10/2018 15:26

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



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seball

9 Oct '18 - 17:40 - 259 of 351




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] 24/10/2018 15:23

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



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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

[wheeze] 24/10/2018 14:13

Thanks for that informative post, stt - 4.33% is a lot of stock to buy back in a hurry. All depends on results now.This is a personal view and not a ramp - rather be long than short, right now.

[sikhthetech] 24/10/2018 14:04

wheeze, the data from euroclear usually comes out 1st week of the month...



Look at the patterns, SoL against TU/results...


Look at the SoL before TU/Results, seem to reduce (possibly on 'anticipation of good results') and then increase after TU/results...

Sept Shares on Loan. down slightly on Aug, which could be 'on the expectation' of a decent H1 TU and outlook. It would be interesting to see what they show for Oct, ie after the Sept H1 TU...

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...

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

fy2018 TU..

May 3.29m 4.47%
June 3.17m 4.29%

fy 2018 results...

July 3.62m 4.89%
Aug 3.53m 4.76%
Sept 3.22m 4.33%

[loafofbread] 24/10/2018 13:14

I wish Rone would use that same aim rule to sort their own register out.

[digitalis] 24/10/2018 12:03

Only consolation for snake Sikhy he can offset the loss against his R1 gains next yr......lol

[jonc2c] 24/10/2018 12:00

One might question why Sikh is über negative on Rthm and Uber bullish on tly at the same time, neither position being entirely rational, while Lombard sit on the diametric opposite of the trade on both securities. Surely one can’t be so cynical to conclude a link?

[wheeze] 24/10/2018 11:57

Could someone post uptodate data on SOL ?Thanks

[sikhthetech] 24/10/2018 11:56

Reality check...

TU...


NO update from the HOUSE BROKER, Numis, following the TU - Previously they had commented after TU/results.

NO mention of Cash balance

CFO leaving.

Changed MARKET to MANAGEMENT expectations.




Numis:


TU:

[digitalis] 24/10/2018 11:51

A wise move by Lombard in the nick of time but a very bad investment decision initially....begs the question these fund managers are far short of a full pack,gaming with other people’s cash!!

[sikhthetech] 24/10/2018 11:32

Loaf,

Have you seen the number of rthm SoL?

Maybe that's why IIs are increasing here?

[loafofbread] 24/10/2018 11:05

OMG I'm in profit for the first time in years!

Will it last the day?

Did you notice in the totally TU that Lombard had sold out to buy rhythmone. Classic.

[dippy5] 24/10/2018 10:39

I am sorry about that. I should have simplified that a bit. Never Mind, next time.

[bennywin] 24/10/2018 10:30

That Adri post is the biggest pile of mumbo jumbo I have ever had the misfortune to read. (And that includes Barkys rubbish)

[barkboo] 24/10/2018 09:39

sikhthetech will soon be skinned! lol If ever a guy deserved it that snake did. Yippee!!

[jonc] 24/10/2018 08:32

Why would that excite you?I don't hold them it is not a business model that i am comfortable with.BTW you are posting after me. Just saying##

[jonc] 24/10/2018 08:23

Filtered?Liar.

[barkboo] 24/10/2018 08:21

JohnnyC - you only say filtered!

In the words of MC Hammer and when it comes to TLY:-

You can't touch this
You can't touch this
You can't touch this (oh-oh oh oh oh-oh-oh)
You can't touch this (oh-oh oh oh oh-oh-oh)


I told you johnnyboy u can't touch this
Yeah that's how we're livin' and you know u can't touch this
Look in my eyes man u can't touch this
You know let me bust the funky lyrics u can't touch this...

Red already!