Rhythmone Share Discussion Threads

[wheeze] 31/5/2017 19:40

That may be STT, still shows there is interest in this share. It can't be held at this price indefinitely.

[stocky] 31/5/2017 19:23

Shinanigans?

[sikhthetech] 31/5/2017 17:54

Wheeze, there were also large conditional buys after the bell..
750k & 280k..

[wheeze] 31/5/2017 17:54

... and well over one million buys after the bell.

[sikhthetech] 31/5/2017 15:54

It's been 3 weeks since 1R presented at the Numis Conference...
Has anyone seen any feedback...

[sikhthetech] 31/5/2017 14:00

P&G Shift to TV May Hit Resistance -- From the Networks

"It's no surprise that Procter & Gamble, which has been vocal in its displeasure with digital advertising, is planning to shift more of its marketing dollars back into TV during this year's upfront ad talks."

[gowlane] 31/5/2017 11:21

Gosh it is hard to get excited about $220m turnover in FY18. I think those revenue figures will be deeply disappointing if they do materialise

It is just growth by acquisition, then flat

Also concerning is the fact that they are guiding 33% gross profit margins, while operating costs for the year were at 45% last year, excluding the PVMG write-off.

Though they say they will trend downwards, so say 40%, that still suggests a loss of about $15m.

[1gw] 31/5/2017 10:36

Also annual report will give some additional detail on FY17. In particular perhaps some detail on the Perk contribution.

[1gw] 31/5/2017 10:35

1Q TU in early July hopefully.

[lance corporal winstanley ash] 31/5/2017 10:27

It's a case of waiting for H1 results now.

[loafofbread] 31/5/2017 08:39

It's from the N+1 singer note.

They list the major holders at the bottom.

[stocky] 31/5/2017 07:57

Interesting. Loaf, were do you get the major shareholder list?

[loafofbread] 30/5/2017 23:29

They also list the major holders.

They have AVG with 3% and also Mike Lynch with 2.4%.

I thought Mike had sold the lot?

[1gw] 30/5/2017 20:10

If you look at the presentation for the Perk acquisition webcast, they gave some "impact" numbers for the acquisition in slide 19. In particular they estimated the impact on revenue in FY18 as ">25%" compared to about 6% in FY17.

So IF the $60m is supposed to be this ">25%" of the revenue ex-Perk, that suggests that revenue ex-Perk in FY18 might have been expected to be up to $180m (e.g. combined revenue of $240m of which $60m (25%) was attributed to ex-Perk, or perhaps $220m combined revenue of which $60m (27%) was ex-Perk).

If we go with the "consensus" $220m total revenue for FY18 and say this includes $60m ex-Perk, what does that say about growth?

$149m core revenue in FY17 growing to $220m in FY18 (48% growth YoY).
$175m total revenue in FY17 growing to $220m in FY18 (26% growth YoY).

I suspect you, STT, want to calculate a "pro-forma" number for FY17 which includes Perk for the whole year. The problem with this is that Perk is in part replacing non-core revenue which has been consciously let go by R1 because it is focusing on core. And although there was little revenue overlap between R1 and Perk, I think there was assumed to be some non-core revenue within Perk which would not be continued in R1.

So yes, there's perhaps a bit of smoke and mirrors with the non-core vs core and the growth by acquisition, but a growth rate of nearly 50% in the core top line is pretty impressive if they can also grow adjusted EBITDA meaningfully and move the bottom line towards actual profit. We have to wait and see.

[sikhthetech] 30/5/2017 17:47

If Perk's full year contribution towards fy2018 maybe $60m, then where's the growth???...


The revenue for 9 months was $52.8m ..

"For the year ended December 31, 2015, Perk generated revenues of US$49.3M, Net loss of US$17.1M and adjusted* EBITDA of US$8.4M that excludes certain non-cash, non-recurring and acquisition related expenses."

"Through the nine month period ended 30 September 2016, Perk generated US$52.8M in revenues and US$3.4M in adjusted* EBITDA."

[geheimnis2] 30/5/2017 17:31

Phew - just arrived back home from St Lucia

What a relaxing and invigorating break!

Great to see so many bullish signs for 1R!

As you were

G2 x

[lance corporal winstanley ash] 30/5/2017 17:10

Thanks, loaf. All sounds very promising.

[loafofbread] 30/5/2017 16:52

The note is indeed a good read.

Margin up to 12%+
Perk to do $60M this year.
Almost certain to do another 'perk' type purchase which will add between 5p and 15p to the share price.
If it just coasts along it will be £1 a share and $100M cash 18 months out.
etc
etc.

[sikhthetech] 30/5/2017 15:41

Why content is key to Lastminute.com going all in on programmatic

[geheimnis2] 30/5/2017 14:46

Great stuff from N+1

As you were

G2 x

[football] 30/5/2017 14:30

N+1 Ups RhythmOne Price Target To 70p From 65p, Keeps Buy



4th from bottom