Rhythmone Share Discussion Threads

[gowlane] 11/10/2016 13:02

There is something for everyone in that update, which can be interpreted in different ways.

Blinkx/R1 always seem to be trying to put a spin on things, you never get the whole story with these guys, but it is too obvious.

Why not release the cash figure? Makes it look like SBM is desperate to get a run up to 50p and cash in.

Show us the money!

[alex1621] 11/10/2016 11:04

So STT, do you think the best option for an investor would be to sell or buy?

[loafofbread] 11/10/2016 10:44

Sign up and pay.

Anyone have a copy of Numis?

[1gw] 11/10/2016 10:43

STT - what do you think the revenue run-rate was at the end of FY16? In the post I've copied below, I made a case that on a run-rate basis 1H revenue could have been as low as $62m if you look at the split in FY14 between 1H and 2H AND assumed that all the $75m reported in 2HFY16 was ongoing business (and I suspect some of it was from business that was closed down in the half).

So to report "at least $80m" revenue shows huge revenue growth against a $62m "like-for-like" basis. That would be 29% growth, enough for a sizeable contribution from each of Olympics, election and underlying growth.

I agree it would have been nice to see a cash number. It does tend to make me think that maybe some of it has gone in working capital as they expand the business again.

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1gw 30 Sep '16 - 10:13 - 1162 of 1295 0 0 Edit

OK, but even if you said nothing was shut down in 2H, then given "normal" seasonality you would expect that the 1H pro-forma level would be significantly lower than $75m wouldn't you?

So maybe $70m H1, $75m H2 would have been the scale of the business at the end of FY16 in the scenario where nothing was shut down during 2H. And if you go back to FY14 (i.e. largely before the blog), the revenue was split 45%:55% between 1H and 2H, so on that basis $75m in 2H would correspond to about $62m in 1H. If management expectations were for modest growth on a $62m base, then even $70m for 1HFY17 could have been "materially ahead of management expectations" couldn't it?

[dyardley] 11/10/2016 10:38

Loaf how can I get a full copy?

[sikhthetech] 11/10/2016 10:37

loaf, I did read the TU...
Aug/Sept... when were the Olympics/Paralympics... ;-)


loafofbread11 Oct '16 - 10:33 - 1295 of 1297 0 0 (premium)
sikh,

Why don't you read the TU.

Profitable in August and September.

[loafofbread] 11/10/2016 10:37

The N+1 Singer note makes excellent reading. Very Bullish.

[sikhthetech] 11/10/2016 10:36

dyardley, what is the current sp???
we may get larger trades once the US market opens...
we may get Tosca trading?

nobody knows...

[jonc] 11/10/2016 10:35

Adjusted EBITDA ie not profits

Not even recognised EBITDA but a special BLNX fiddled EBITDA.

Read the RNS loaf.

Use your loaf.

[loafofbread] 11/10/2016 10:33

sikh,

Why don't you read the TU.

Profitable in August and September.

[sikhthetech] 11/10/2016 10:30

dyardley, the Olympics and Presidential Election are a 1 off event... so will H2 improve... or is the sequential growth from H2 2016 to H1 2017 due to the Olympics...
after all they didn't provide any figures pre-Olympics, did they?

Cash is king...

[precinct14] 11/10/2016 10:28

Not so much a juggernaut, more a Renault Twingo.

[dyardley] 11/10/2016 10:27

Always questions, always doubt! When all these become clearer the price will be much higher

[sikhthetech] 11/10/2016 10:26

1gw, thanks for the indepth analysis...
what about the effects of Olympics/Presidential Election?
What about lack of cash figures?

[jonc] 11/10/2016 10:13

The most significant part of the TU is that these poor results were ahead of significantly ahead of management expectations.

So we can see that management do not view the future or business model very positively. This seems about right as they burn through more cash.

[barkboo] 11/10/2016 10:03

John John - that appears to be a full house.

Nobody now supports you theory of negativity...Einstein you aint!

[dyardley] 11/10/2016 10:02

Plenty of large buys going through. A hold for me. Was very much hoping for fireworks but maybe in November

[sikhthetech] 11/10/2016 09:52

thanks Jambo...

[jwoolley] 11/10/2016 09:30

I wasn't expecting anymore at this stage.

Don't think you can use last Olympics and this Olympics in same light sikhers....we are a different model now....

[rocket fuel] 11/10/2016 09:26

kendo, the party will start once she pops 40.. it will go route one to test 100p

[barkboo] 11/10/2016 09:23

Footy - it was obviously a designer leave out...your theory is as good as any. Someone will give the company a bell, that's for sure!

[wheeze] 11/10/2016 09:19

Would not wish to bet against the mighty Tosca. Not sure they would be satisfied with less than a quid.

[loafofbread] 11/10/2016 09:19

Back to 40p by end of day.