Rhythmone Share Discussion Threads

[barkboo] 02/4/2019 18:14

Another extension for Betty Liar - her red lines have turned a whiter shade of pink....the Women is a bin case!

[sikhthetech] 02/4/2019 18:07

The rthm expectations are for fy2019 to March (rthm)..

I notice in the Finncap report it mentions about TAP management is only just now getting full sight of RhythmOne books and operational business details.

I would have thought TAP management would have looked at the rthm books as part of DD before buying rthm...

The Finncap report is free, you have to register for it.

[sikhthetech] 02/4/2019 17:52

gl,

The Finncap notes are available free at finncap.com...

They mention the fy2019 as March fy2019, so it is the rthm fy...

Regarding different accounting processes.. I find it hard to believe that alone would explain a near 50% drop in expectations from the rthm/Yume takeover forecast to now ...

[gowlane] 02/4/2019 17:25

It beggars belief that they did only $75m in revenues in H2 Sikh, I have to admit that I find it hard to believe that things could be as bad as that.

This is what they said on 13 December when the H1 results were released:

"RhythmOne continues to trade in line with consensus forecast revenue and adjusted EBITDA is in line with consensus forecast EBITDA.”

And as recently as 25 February - the date of the scheme document - they re-affirmed that vague, bullish guidance they had been giving all year.

"The RhythmOne Directors have considered the FY2019 Profit Forecast and confirm that it remains valid as at the date of this document..."

But it was strange that they did not give some hard numbers today, neither on RTHM revenues nor their cash balances.

[sikhthetech] 02/4/2019 16:00

The shroder family gang..

All those posters with their knowledge of the company and inside contacts.... proved to be COMPLETELY wrong...

ah, the family... looking after each other's backs... ;-)


"1gw - 09 Nov 2015 - 15:14:17 - 10868 of 11771 blinkx - BLNX
Somewhat wary of doing this, but if it helps, I can confirm that I do now talk fairly frequently to shroder about blinkx and other investments that one or both of us may hold. As it seems very difficult to have a sensible and balanced conversation on these blinkx bulletin boards about common investing questions of interest, we have reverted to the more time-consuming but ultimately more effective method of direct communication for some discussions."



football - 29 Apr 2015 - 14:03:45 - 94378 of 107028

Shroder=Orslega I don't think so and I will have a bit more money on it than BARKBOO




BARKBOO - 29 Apr 2015 - 13:54:38 - 94376 of 107028
Pinky pants - can I have £250 that Shroder is not Orslega as well?



BARKBOO 20 May'15 - 08:05 - 40750 of 40754 2 1
<...>
I wanted to congratulate Digi for his great understanding of so many posters and their positions, as well as his knowledge of this company - Jarvis for being a complete gentleman as well as his knowledge of this company - Loaf, for being one step ahead of the opposition, and a shrewd guy as well as his knowledge of this company - Shroder for his long outside shift and inside contacts that he shares, as well as his knowledge of this company - and of course all other family members that have been thoroughly decent during this hard time, and their knowledge of this company.



BARKBOO - 01 Nov 2018 - 07:02:48 - 7292 of 7798
"The family manage to have nice houses, cars, holidays and social lives - we have had two or three big pay days here, with the fourth on its way - it sounds to me like you traded your pot like the others on here..and like the rags, you done a bit of swirling!

Until you realise that Digi, Jarvis, Footy, Loaf and family were correct - and you were in fact the plank..that other life that was so good you are back - will continue to swirl!"


1gw28 Apr '18 - 22:43 - 7236 of 8569Moderate | Ban
0 1 0
<...>

I think probably only football and barkboo post anything like as much quantity as you and their posting is entirely consistent with being very long R1, so no need to ask them for a backstory.


1gw28 Apr '18 - 23:30 - 7238 of 8569Moderate | Ban
0 2 0
They don't need to give a backstory because they are transparent.

[barkboo] 02/4/2019 15:30

I see TLY can never hold on to any gains - be a glorious day when they are finally forced to delist.

[sikhthetech] 02/4/2019 15:26

So a substantial drop in rthm revenue expectation from Yume takeover..I mean virtually 50% drop!!!


42trader
Posts: 443
Opinion: No Opinion
Price: 197.50
RE: TAPToday 14:42Sorry if i was unclear.

“Following the YuMe deal, the FY 2019 RhythmOne revenue expectation was for $470m, but in actuality the year now looks like seeing $250m of revenue – a substantial downgrade due to a difficult consolidation and little integration being done. Taptica’s management is conscious of this and intends to change the dynamics within that business.”

[sikhthetech] 02/4/2019 15:23

So a substantial drop in fy2019 rthm revenue expectation from the expectation following the Yume takeover...
MASSIVE near 50% drop in 2019 revenue expectation from $470m to $250m..
Oh dear...



42trader
Posts: 443
Opinion: No Opinion
Price: 197.50
RE: TAPToday 14:42Sorry if i was unclear.

“Following the YuMe deal, the FY 2019 RhythmOne revenue expectation was for $470m, but in actuality the year now looks like seeing $250m of revenue – a substantial downgrade due to a difficult consolidation and little integration being done. Taptica’s management is conscious of this and intends to change the dynamics within that business.”

[barkboo] 02/4/2019 15:15

SAR now in red - watch as the price hangs around while a certain fund loads up. Sensational news today for SAR, which highlights the manner gangsters run these indexes.

I have to say that time and time again we take advantage of their very obvious motives!

[barkboo] 02/4/2019 14:44

Yes scaffolders are pretty confident that NANO will produce some useful news shortly - that is sure to take that stock onto the next level.

Am I rabbiting on a little - only I find it very therapeutic to bore rags? lol

[barkboo] 02/4/2019 14:29

My cover play/support LLOY's - that looks pretty useful to me. Yes and Lombard Odier seem to be getting stuck into another winner of mine - BATM.

Shame we cant seem to get these gangsters off the back of TAP - still a challenge I relish.

[barkboo] 02/4/2019 14:17

VRS almost back to my first draw - but a lot of playing around with this stock, our overround covers the gangsters, and uses their play to perfection.

Rags keep getting trumped - and their money is sweet. lol

[barkboo] 02/4/2019 14:11

Off piste - BVIC a nice little earner in my portfolio..yes, very solid!

[sikhthetech] 02/4/2019 14:05

according to 42trader on lse.. a MASSIVE drop in 2019 forecasts (TAP fy2019 Dec, rthm fy2019 Mar)...
as expected...



Posts: 442
Opinion: No Opinion
Price: 197.50
RE: TAPToday 10:52Interesting report that gives an in depth view on how the companies work.
Very much a conservative report due to the lack of knowledge on Taptica's side on R1 and being the early stages in integration.
They note the drop in forecast sales by R1 from $470m to $250m for fy19 and this is something they intend to work on.
If all goes to plan, it will be 2020 that will see the biggest benefits, where they intend to make synergies primary of increased sales forecasting $560m by 2020E and a PBT of $80m. Cost savings, mainly for 2020, are estimated at $9-10m but this is very hard to judge at this early stage.

So, very early days and hard to predict anything at this stage. Dividend looks to be dropped at the moment in favour of the buy back. Significant restructuring costs, mainly in 2019 but also some in 2020.

Valuation

Our tech indices show average earnings multiples of over 21x this year and 18x next. Applying these multiples to Taptica’s earnings would deliver a share price of 720p;however, there is clearly a great deal of uncertainty in the RhythmOne integration and expectation at this stage so a discount is warranted.

Using a conservative view, finncap think a multiple of 16x would be achievable giving their target of 550p.

[gowlane] 02/4/2019 13:51

Yes it reads like he is referring to RTHM Sikh, but perhaps they meant the 9 month RTHM contribution in calendar year 2019 as you suggest.

They could have done say $350m in the year to March FY19, so another 10% revenue shrinkage brings them to $320m for a full year going forward.

Take out say $70m for Jan-March 2019 and that would set their 9 month contribution at $250m.

In which case $500m in FY19 combined revenues seems as good a bet as any if TAP kick in another $250m.

[sikhthetech] 02/4/2019 13:20

gl,

Yes he did...but not sure if that's TAP's fy2019 or rthm's fy2019..
TAP's fy2019 ends Dec 2019 and rthm ended 2 days ago... so could be 9 months of rthm's fy20 forecast???...



Posts: 442
Opinion: No Opinion
Price: 197.50
RE: TAPToday 10:52Interesting report that gives an in depth view on how the companies work.
Very much a conservative report due to the lack of knowledge on Taptica's side on R1 and being the early stages in integration.
They note the drop in forecast sales by R1 from $470m to $250m for fy19 and this is something they intend to work on.
If all goes to plan, it will be 2020 that will see the biggest benefits, where they intend to make synergies primary of increased sales forecasting $560m by 2020E and a PBT of $80m. Cost savings, mainly for 2020, are estimated at $9-10m but this is very hard to judge at this early stage.

So, very early days and hard to predict anything at this stage. Dividend looks to be dropped at the moment in favour of the buy back. Significant restructuring costs, mainly in 2019 but also some in 2020.

Valuation

Our tech indices show average earnings multiples of over 21x this year and 18x next. Applying these multiples to Taptica’s earnings would deliver a share price of 720p;however, there is clearly a great deal of uncertainty in the RhythmOne integration and expectation at this stage so a discount is warranted.

Using a conservative view, finncap think a multiple of 16x would be achievable giving their target of 550p.

[gowlane] 02/4/2019 13:12

Did 42trader on the LSE TAP board say that Finncap are expecting RTHM to generate revenues of $250m in the year to March 2019?!

Surely things are not as bad as that, they did $175m in H1, so that would imply $75m in H2.

That would be unreal, must be a typo?

[sikhthetech] 02/4/2019 12:42

The shroder family gang..

All those posters with their knowledge of the company and inside contacts.... proved to be COMPLETELY wrong...

ah, the family... looking after each other's backs... ;-)


"1gw - 09 Nov 2015 - 15:14:17 - 10868 of 11771 blinkx - BLNX
Somewhat wary of doing this, but if it helps, I can confirm that I do now talk fairly frequently to shroder about blinkx and other investments that one or both of us may hold. As it seems very difficult to have a sensible and balanced conversation on these blinkx bulletin boards about common investing questions of interest, we have reverted to the more time-consuming but ultimately more effective method of direct communication for some discussions."



football - 29 Apr 2015 - 14:03:45 - 94378 of 107028

Shroder=Orslega I don't think so and I will have a bit more money on it than BARKBOO




BARKBOO - 29 Apr 2015 - 13:54:38 - 94376 of 107028
Pinky pants - can I have £250 that Shroder is not Orslega as well?



BARKBOO 20 May'15 - 08:05 - 40750 of 40754 2 1
<...>
I wanted to congratulate Digi for his great understanding of so many posters and their positions, as well as his knowledge of this company - Jarvis for being a complete gentleman as well as his knowledge of this company - Loaf, for being one step ahead of the opposition, and a shrewd guy as well as his knowledge of this company - Shroder for his long outside shift and inside contacts that he shares, as well as his knowledge of this company - and of course all other family members that have been thoroughly decent during this hard time, and their knowledge of this company.



BARKBOO - 01 Nov 2018 - 07:02:48 - 7292 of 7798
"The family manage to have nice houses, cars, holidays and social lives - we have had two or three big pay days here, with the fourth on its way - it sounds to me like you traded your pot like the others on here..and like the rags, you done a bit of swirling!

Until you realise that Digi, Jarvis, Footy, Loaf and family were correct - and you were in fact the plank..that other life that was so good you are back - will continue to swirl!"


1gw28 Apr '18 - 22:43 - 7236 of 8569Moderate | Ban
0 1 0
<...>

I think probably only football and barkboo post anything like as much quantity as you and their posting is entirely consistent with being very long R1, so no need to ask them for a backstory.


1gw28 Apr '18 - 23:30 - 7238 of 8569Moderate | Ban
0 2 0
They don't need to give a backstory because they are transparent.

[sikhthetech] 02/4/2019 12:12

Taptica switches out CEO as RhythmOne underperforms


"Druker, who had been "instrumental" in the successful integration of Taptica's somewhat recently acquired Tremor Video division, will join the group's board and take over as CEO immediately.

Non-executive chairman Tim Weller said: "Ofer is ideally placed to lead our business, having been instrumental in negotiating the merger with RhythmOne and, since joining the company, identifying and driving significant cost savings, synergistic benefits and revenue opportunities following Taptica's acquisition of Tremor.""

[sikhthetech] 02/4/2019 11:56

sikhthetech - 30 Aug 2018 - 18:34:40 - 8415 of 11036 RHYTHMONE - new Name, new Beginning??? - RTHM
Industry changes/challenges.. as predicted..
As expected, last year was about the NEED for change, this year onwards should be about the CONSEQUENCES of those changes.. revenue reduction being one of them... ;-)



"These efforts to proactively eradicate traffic that may not meet compliance requirements from the Group's platforms, including the removal of suspected publishers and advertisers and their associated income, affected the H1 revenues. "






sikhthetech - 04 Jan 2018 - 14:09:32 - 6323 of 8415 RHYTHMONE - new Name, new Beginning??? - RTHM
As highlighted and discussed by the realistic posters on here, last year was about the NEED to change following on from Methbot... also P&G comments, Hidden fees, fewer SSPs needed, ads.txt...the need for transparency...

This year I think it'll be about the consequences of those changes needed last year... who will fare better...
Also the consequences of Apple's Safari changes, Google's Ad Blocker changes, 1st priced auctions, GPDR..

[sikhthetech] 02/4/2019 11:30

why's that? Truth hurts, eh????


Cromw3ll2 Apr '19 - 10:38 - 11249 of 11252
0 0 1
Might as well close the RTHM threads....and good riddance.

[barkboo] 02/4/2019 11:18

Cromw3ll - "Might as well close the RTHM threads"

I will probably use it as a talk to myself thread...there are a lot of rags that operate on the negative side, I dear say you also know many of the mendacious characters that plague these threads.

There are many stocks in my portfolio - I never speak a word on most of the threads...the gangs of negative rags would kill every conversation, as they have done here.

Keep an eye on SAR over the next couple of months - strong rumours of a large stock buyer making inquires, just a guess btw?

[sikhthetech] 02/4/2019 10:50

Luafc,

"Perhaps unresolved is working out which group were the most loathsome... management or rampers that the blnx/RTHM dog-with-fleas consistently attracted."

Latter and not unresolved.. confidence tricksters with multiple ids...

as expected...