Rhythmone Share Discussion Threads

[loafofbread] 15/5/2017 09:20

2p off our 3 year high and someone buying everything they can at 47p this morning!

Not to bad really?

[midasx] 15/5/2017 09:14

footy,

life is much easier if you do not have a target to work to!

Simple as that but unfortunately not good enough when the BOD are supposed to be working for shareholders by producing an increasing share price. I appreciate that missing numbers these days often results in the share price getting hammered but just floating on from one year to the next with a things are going to get better outlook is not good enough, especially considering the share price collapse from £2.30's

[lance corporal winstanley ash] 15/5/2017 09:13

Underwhelmed by the total loss but judging by the share price reaction it was priced in. Hope to hear in the call that they will carry the momentum from h2 into h1 this financial year.

[sikhthetech] 15/5/2017 09:04

I see they have also removed the reference to the growing cash, which they referred to in their TU, just weeks ago...

It was misleading, as can be seen, cash is still declining..

"The Company also finished the financial year in a strong, growing cash position."

[sikhthetech] 15/5/2017 08:56

The only board change mentioned is Ted Hastings...
what about the others, let's forget about them!!!

Board Changes

During the Period, RhythmOne made a key change to its Board of Directors. Mr. Edward ("Ted") Hastings joined the Board as an Executive Director, bringing over 15 years' experience in building successful software, Internet and digital media companies.

[leluot3] 15/5/2017 08:50

Wow!!!!!!!!!!!!!!

The royal flush

240p again


Well done Barking Mad - right again

[gowlane] 15/5/2017 08:47

Some clues about changing growth expectations might lie in the calculations behind the accounting tests for any impairment in goodwill from the acquisitions (note 5)

the growth projections are based on internal management budgets and calculations for the next 5 years, and standard industry rates thereafter

Growth expectations have been reduced very substantially for 1R (down to 6% from 14.9% in the annual report last year) and the discount rate increased. 1R is now actually projected to grow faster than Perk!

[sikhthetech] 15/5/2017 08:40

KPI of 0.41 compared to 1.01 for fy2016... improved on H12017 but still down on fy2016..

[sikhthetech] 15/5/2017 08:37

jw, lol....

well, they supposed to be providing more clarity...
Puzzles me as well, they refer to management expectations in their TUs during the year but don't tell anyone what those expectations are...

[football] 15/5/2017 08:36

MidasX good point about outlook have asked a couple of times why no figure is given by the company and never had and half decent response to it always get the same old analysts and market consensus is what they aim for

[gowlane] 15/5/2017 08:35

An underwhelming report, no extra revenue over the TU projections, margins of the continuing business coming down sharply to 34%, ouch!

Perk performance since acquisition and its contribution to revenue and ebitda has not been broken out – well no surprise at all there - since the entire rationale behind the acquisition seems to have been to muddy the waters and project the illusion of growth in 1R.

It is actually hard to figure out what is really happenning behind the smoke and mirrors that SBM uses to cloud the reality

[jwoolley] 15/5/2017 08:31

Jeez sikhers.....did you really expect any guidance from this shower of management??

It still puzzles me why the management are not tackled more about this.

[sikhthetech] 15/5/2017 08:31

Will they add anything useful, like guidance, during the webcast...

We live in hope...

[loafofbread] 15/5/2017 08:27

Both Panmure and N+1 have just issued notes.

Confirm buys.

Panmure 'cheap growth stock' 75p

N+1 'exudes confidence' conviction buy.

[sikhthetech] 15/5/2017 08:22

No guidance, just the usual obvious industry outlook and consolidation...

[midasx] 15/5/2017 08:17

Outlook

We are not going to put any numbers to this, as we would then have a target to live up to and may put ourselves under undue pressure and stress.

We would much prefer to concentrate on the transformation from non core to core revenue growth and the potential for ADJUSTED EBITDA profit. We are planning on purchasing additional business going forward, using share dilution and making our revenue figures look far more acceptable!

Come on Brian put a TARGET in place for your performance going forward!

[geheimnis2] 15/5/2017 08:17

Lol...looks like the usual buffoons are out and about...

[kendonagasaki] 15/5/2017 08:08

Enjoy your day Sikh!

[sikhthetech] 15/5/2017 07:59

As previously noted..At least they've put the cash amount in the correct place...unlike in the TU, which was confusing...$75.2m cash...So cash decreased by $3.2m.. despite the $11m received from Perk and PV.

[1gw] 15/5/2017 07:52

Revenue growth and its implications are where we need the analysts to push the new CFO on the call. If I've got the numbers right, loss from continuing operations was $14m and gross margin on continuing operations was 34%. So as a very rough approximation it looks to me like they need about $42m additional revenue in FY18 (i.e. just over $200m total) to get to bottom-line profitability. It would be nice to hear a discussion of that on the call.

[jonc] 15/5/2017 07:49

More cash to be spent on buying turnover. Will this useless BoD ever learn?

[midasx] 15/5/2017 07:48

Give us some figures for you to live up to! What is your profit target, what is the share price target? Justify your salary and free shares!!!!!!



Outlook

The Company anticipates continued revenue growth throughout Financial Year 2018, led by its programmatic capabilities. Specifically, RhythmMax is expected to be the primary engine for growth, facilitating the delivery of targeted, quality audiences, across devices and formats, at scale - globally. The industry is fast culminating in the "second coming of ad tech", characterized by fewer, dominant, better integrated players that are able to deliver sustainable value to both demand and supply sides of the value chain. The Company now has the unique combination of technology, talent and relationships in place to scale both organic and inorganic growth as the industry continues to evolve and consolidate.

In addition to organic growth, the Company also is assessing a number of strategic M&A opportunities across demand, audience, data science and performance segments of the ecosystem, as a means to fortify its programmatic base, and augment its scale, financial performance and long-term competitiveness. Based on diversified growth drivers, RhythmOne enters FY2018 in a confident position, with a product portfolio that is well aligned with industry growth trends.

[sikhthetech] 15/5/2017 07:46

Another year of losses...$18.7m loss...More jam tomorrow...

[amt] 15/5/2017 07:43

25% growth in revenue vs H1. At that rate should be getting to 200 to 250m in this financial year. Not sure how much was from the acquisition. Any 200m should be achievable.