Rhythmone Share Discussion Threads

[geheimnis2] 10/2/2017 10:44

hahaha just a thought, barky?

a great post!

[barkboo] 10/2/2017 10:42

Gordon - I am glad you have posted that, I did post similar some time back.. but the negative slant always gets overplayed and I was shouted down - not for the first time.

There are also a number of reasons you have not listed - exempli gratia, To aid a holder from having to disclose going over a previous threshold, stake-building discretely or with associates, to falsify stock availability......and so on.

[sikhthetech] 10/2/2017 10:32

EU Privacy Laws Challenge Ad Tech Companies

[loafofbread] 10/2/2017 10:25

Well 0.5% is 2.5M shares.

So if 18M is correct,that's 7 funds with a 0.49% position.

I can't believe that for a second so something not quite right.

[barkboo] 10/2/2017 10:21

Loaf - you do not speak for me!

[loafofbread] 10/2/2017 10:20

I think we all agree £2.40 is a bit of fun.

However, Tosca are not here for 40p either.

[1gw] 10/2/2017 10:03

Shares can be loaned for a variety of reasons including shorting.

Another investor suggested to me that the MMs might borrow stock ahead of significant scheduled events (such as completion of the Perk acquisition or trading updates) to help them provide liquidity.

Shorttracker reports only discloseable short positions, which are short positions greater than 0.5%.

So some of the shares on loan could be loaned for purposes other than shorting (or could be on loan for the purpose of shorting but not actually sold short yet) and there could be some short positions below the 0.5% threshold.

[barkboo] 10/2/2017 09:26

Gordon - so R1 have already "received" a factor of 5 prior to the blog. Difficult to value Perk at this moment in time, but the evidence is pointing to a positive result.

We know from previous experience - the market can be way off! It is way off!

If you could buy £1 coins for 20p everybody would be buying. There is no way any punter could be deceived. A share price my friend, is a different ball game.

Why do you think there is so much time and effort in stopping regulation, markets want no restrictions in being able to deceive - the chosen few have many tools at their disposal including several types of short selling scams..to dish Scampi up!

Apologies for mistakes before the mocking begins - using phone.

[polythene] 10/2/2017 09:17

Guys? Guys? Someone mentioned 18M shares 'on loan'. Shortracker has nothing listed in the daily bulletin. Does on loan coincide with short? Maybe no one has above the notifiable threshold? Hello? Hello?

[1gw] 10/2/2017 08:58

I suspect that on balance both the market and the industry believed blinkx to be in a very strong position in 2013 when the shares reached their peak. Both were wrong as it turned out.

But I am trying to point out a clear logic-gap in your thinking (as was Alex), irrespective of the "fair value" of R1. If you believe the market is undervaluing R1 by a factor of 6 (i.e. you think it's worth £2.40 a share, the market something under 40p) then logically you ought to believe that either Perk was worth 6 times its market value or you must think that R1 has issued new shares at fire-sale prices to pay for it.

[barkboo] 10/2/2017 08:48

Gordon - the market has already valued the shares at 230p in 2013...would you say the company are in a stronger position today than late 2013.

I think so.

You and Alex can't have it both ways - if the market is always correct, (230 then - and now 39p in a stronger position) one of the valuations are wrong.....if you are saying that is not the case - then the market is not always correct?

If the market is therefore not always correct - 240p, almost the original high in 2013 is possible.

History my friend - something you technical guys swear by!

[1gw] 10/2/2017 08:13

Personally I think paying in shares was reasonably sensible for R1 and I agree there would have been an opportunity cost of paying in cash. But that's entirely consistent with believing current "fair value" of the shares is somewhere close to the market value (i.e. about 40p/share). I'm moderately optimistic that the shares will move higher over the next year because I think R1 is on a bit of a roll at the moment.

But that's very different from believing the shares should be valued today at £2.40.

[polythene] 10/2/2017 07:08

I don't see rhythm one listed on the daily shortracker disclosures. Is there a difference in substance between shares on loan and sold short?

[amt] 10/2/2017 06:23

Quancast up to number 9 and rising.

[barkboo] 09/2/2017 22:57

Gordon - just I was settling down for question Time and a night cap. "So barkboo's position that "those in the know" think R1 is currently worth £2.40/share doesn't make any sense. Because if that were the case, R1 should have been happy to increase the cash price by a good deal instead of "giving away" £2.40 shares for just 38p."

Listen - late 2013 they raised a lot of cash for a possible Nasdaq listing and some shopping, Edelman put the boot in - plans put on hold, 195p a pop banked that could have been used to finance Perk.

2oco and Stocky both gave you good answers - cash raised @ 195p still available for more shopping.....Perk wanted stock...they can see a good thing!

Gordon - most can see that as good business....Nasdaq and more shopping imminent! Right, back to question time. Night, night.

[sikhthetech] 09/2/2017 21:58

5m sell and 100k buy..

we also had a 1m sell on 27th Jan, which we never saw a holding rns for..

let's see if we get a holding rns for the latest sells...

also a big jump in SoL for Jan...

[stocky] 09/2/2017 19:37

If R1 wanted to acquire Perk (based on the tech, advertisers, customer base - whatever whatever), then they had the option to pay by cash or by shares. I'm pleased they did so by shares. The fact that Perk shareholders stated that they wanted R1 shares is a positive. IMO that implies that they see the current price as a bargain.Furthermore, the Perk CEO stated he felt that the Perk share price was undervalued. Given the reported financial figures up to Q3, my financial model validates this view.All looking good here IMO.

[stocky] 09/2/2017 19:25

Sikh and 1gw have made up... that there is a beautiful thing.

[sikhthetech] 09/2/2017 18:38

could it be that the no. of shares issued was simply set to near the 'limit authorised at the agm without the need for further authorisation', so that 1R doesn't need to seek shareholder approval...
and that the share price was the current share price

From the Perk acquisition announcement...

"while RhythmOne shareholders have generally authorised, at its Annual General Meeting held earlier this year, the Directors to issue sufficient number of shares to close the Acquisition."

[1gw] 09/2/2017 18:08

I think alex is absolutely right on this one, especially as apparently the request for shares instead of cash came from Perk.

It sounds like:
R1 and Perk agreed a valuation of $42.5m for Perk;
Perk said please can we have it in R1 shares;
R1 said OK;
R1 and Perk worked out the number of shares based on the then-current price of R1 shares.

So barkboo's position that "those in the know" think R1 is currently worth £2.40/share doesn't make any sense. Because if that were the case, R1 should have been happy to increase the cash price by a good deal instead of "giving away" £2.40 shares for just 38p.

[jarvis4] 09/2/2017 17:38

footy - indeed, and all that selling drove the share price down.....oh 0.25p. Something stinks.

6m today and 2m a couple of days ago and the share price doesn't move. Positioning moves linked to the current short positions I guess. After all, someone will be on the other side of those trades.

[alex1621] 09/2/2017 17:20

LCWA ... interpret my words in context, not out of context. I don't believe that they gave 20% of the company away at a knockdown price ... I did not state that. What I stated is that if the share is worth £2.40, then why would you give away at below 40p? Barky believes that R1 is worth £2.40 today, I do not.If my car is worth £50,000, why would I sell it for £8,000? So Barky's claim about £2.40 is utter nonsense.

[football] 09/2/2017 16:59

wtf over 5.5m after the bell today