Rhythmone Share Discussion Threads

[lance corporal winstanley ash] 12/4/2017 08:33

I agree, loaf. Seems controlled. Tosca?

[amt] 12/4/2017 08:33

So cash up 6m and not due to Perk according to Singer

[leluot3] 12/4/2017 08:32

I believe Barkpoo you were telling us that 240p was on the cards

Care to explain?

[sikhthetech] 12/4/2017 08:32

We will also lose a chunk of revenue from Prime Visibility, which is included in the current figures...

[barkboo] 12/4/2017 08:32

Something strange going on here - scaffolders will gently nudge those naughty people that are misleading us.......lookout for the fun later!

[loafofbread] 12/4/2017 08:31

Just a question of when this goes up and by how much.

The 'if' has well and truly gone.

Well done to all holders.

[fieldhouse] 12/4/2017 08:29

Good write up guys.
Looking good.

[geheimnis2] 12/4/2017 08:29

Perk would make very little contribution to these results

[barkboo] 12/4/2017 08:28

Gowlane - "the return to ebitda profitability is a big headline feature but mainly down to Perk I would say"

You were telling us all that the Perk deal was the worst possible deal - now you say it saved us..........what a strange man you are!

[geheimnis2] 12/4/2017 08:25

thanks footy!

[phil140158] 12/4/2017 08:24

Cheers, Football

[1gw] 12/4/2017 08:22

Thanks football. That's a very encouraging wite-up from Singer.

[football] 12/4/2017 08:17

N+1 Singer - RhythmOne - Trading update – profit and cash ahead

RhythmOne has finished FY17 with EBITDA and cash ahead of expectations. Last year RTHM lost over $10m, this year it has made a profit ($1.2m), and is on track to achieve our FY18 estimate of $15m of EBITDA. The H2 profit was $3.8m with only a small contribution from the acquired profitable Perk business. This provides a very reassuring base for our FY18 expectation. The Company recently confirmed that it had completed the exit from non-core activities. It has also reviewed the Perk business and made further adjustments to product range without affecting profitability. With these actions in mind we expect consensus revenues to settle around $220m for FY18. This equates to c15% organic growth (we estimate FY17 organic growth was 20%). Cash was c$75m at year end, materially higher than our $70.5m estimate. Even allowing for some step up in CAPEX investment to support the international expansion (we previously noted it was going well and understand it is now “meaningful”) we expect to at least maintain our cash estimates. We put our forecasts under review pending formal adjustment. Overall this is a very positive update underlining the turnaround has been completed and that profits will soar in FY18 as margins begin to normalise. We believe there is scope for earnings to be further boosted by Perk synergies, deployment of capital through acquisitions and potential to take part in industry consolidation. We reiterate our Buy rating.

read more

[gowlane] 12/4/2017 08:15

the return to ebitda profitability is a big headline feature but mainly down to Perk I would say

nevertheless the revenue miss and continued cash burn cannot be ignored

without Perk it seems R1 revenues actually fell slightly in H2 down to about $79m from $80m in H1

a mixed bag, not a stormer, but better than what we have been used to

[sikhthetech] 12/4/2017 08:14

Apart from cash from Perk, they also received $1m cash from the last minute sale of Prime Visibility...

[football] 12/4/2017 08:13

LCWA you're right some people always have a half empty glass just like a plumber I know who inherited four houses in one year a long with a plot of land in Muswell Hill and was moaning about the tax

[lance corporal winstanley ash] 12/4/2017 08:11

Singer had 0.5m ebitda profit forecast for the year.

[loafofbread] 12/4/2017 08:10

N+1 Singer have us beating expectations across the board.

Conservative forecast of $15M for year and $80M+ cash.

All down to Tosca now.

If they want to release the price and show a profit or keep it penned in for a bid?

[bennywin] 12/4/2017 08:09

Why would it disappoint me if they did well ?

You have to be the most despicable poster on any forum.

[wheeze] 12/4/2017 08:08

It's the price of being cleaner than clean - it will take time for the big bucks to roll in. We need to see companies wise up to advertising fraud - somewhat fortunately Blinkx was singled out for Edelweiss's personal gain. I believe he did us a favour - the crook. Now the sales teams need to get cracking and spread the word.

[lance corporal winstanley ash] 12/4/2017 08:07

Some people will find disappoint in anything, Alex.

[barkboo] 12/4/2017 08:06

"may disappoint some" Was you thinking of Johnny Boy, Gowlane, Benny, Benny Benny et al?

[alex1621] 12/4/2017 08:02

Positive ... may disappoint some but at least going in the right direction.

[loafofbread] 12/4/2017 08:00

Don't forget the perk deal cost $6M in fees etc.