Rhythmone Share Discussion Threads

[stocky] 17/8/2017 08:00

Thanks 1gw!

[1gw] 17/8/2017 07:55

Depends on the structure of the holder,stocky. It is 5% for some e.g. OEIC's. For this type of holder the next threshold after 5% is 10%.

[stocky] 17/8/2017 07:50

Interesting Insights! I was under the impression that a holding RNS had to be declared at 3%?

[kendonagasaki] 17/8/2017 07:21

Consistently wrong...but then again he is only trying to entice mug punters into get his 10%?Crook.Morning sevenof9;)

[wheeze] 17/8/2017 07:11

STT any thoughts re possibility of collusion between these big players ? Some of them have previously worked together.

[cromw3ll] 17/8/2017 06:04

One thing you have to say about Barky is that he is consistent in his views.

[sikhthetech] 16/8/2017 23:43

Rocket Fuel patents address third party cookie restrictions

[1gw] 16/8/2017 22:54

I tend to agree loaf - at least to the extent that it wasn't cogefi driving the July fall in share price. Given they were building up their position through the early part of the year, it seems relatively unlikely to me that cogefi were the reason for the July fall.

In fact in their July datasheet they comment that R1 "a perdu une partie de sa valeur boursière durant le mois de juillet sans aucun développement particulier de son activité et dans de faibles volumes. Nous avons profité de cette baisse pour renforcer notre position."

So it sounds much more like they were reacting to the price fall and buying more rather than causing the price fall by aggressive trading tactics.

[sikhthetech] 16/8/2017 22:46

loaf, yep and R&M as well...

[loafofbread] 16/8/2017 22:38

You can add R@M to that list.

[sikhthetech] 16/8/2017 21:50

fund managers, who were previously interested in Blinkx, re-appearing..

Henderson was taken over by Lombard Odier...

"The transition of the team is expected to be completed in the first quarter of 2017, after which the alternative funds and sub-manager of the long-only fund currently managed by the Volantis investment management team will be moved across to Lombard Odier IM."






and

Debray was co-head at Old Mutual...

again a fund which was interested in Blinkx years ago...




"Debray reports to Hugues Aurousseau and Anne d’Anselme, respectively CEO and deputy CEO of Cogefi Gestion.

Debray has been co-head of European Equities at Old Mutual Global Investors "







""So far this year, for instance, Nickols has exited video advertising firm Blinkx. Its share price halved to £1 through January and February after a blog attacked its business model. Nickols sold out around the £1 mark, and the stock has continued to slide since to less than 40p now.""

[1gw] 16/8/2017 21:39

Cogefi - part 2

I've tracked down the weight of R1 in the Cogefi funds (from the Cogefi datasheets)for most of the months since December, which gives a picture of how they built up their stakes.

Prospective:

1.83% End-December report
3.50% Feb
6.98% Apr
7.90% Jun
7.75% Jul

Chrysalide:

2.56% End-February report
5.44% Mar
6.32% Apr
6.39% May
6.39% Jun
6.49% Jul

These are weights in the fund portfolio, so presumably to keep the weight up from June to July when the R1 price was falling meant they were buying more.

It seems credible to me that they decided to build positions on the back of the November interims / December Perk announcement and surrounding analyst commentary. They then managed to build significant positions by April, perhaps contributing to the share price spike in April (and maybe the March one as well). They then appear to have had sufficient confidence in their own analysis to buy more as the price fell in June/July, keeping the portfolio weight up and eventually pushing them over the 5% declaration threshold.

[geheimnis2] 16/8/2017 21:17

Great post 1gw!

Very bullish hmmmm?

[1gw] 16/8/2017 21:16

I think loaf is picking up on the Henderson line in the Morningstar report. That shows Henderson Global Investors held 4.2m at the end of June, adding 3.9m since the previous data point.

Morningstar don't report Lombard Odier though and I suspect it is the ex-Henderson team that went to Lombard Odier who have the LO position in R1. Morningstar ought to be on top of that but it's just possible that they have a fund still mapped to Henderson which is now with LO.



It is also possible of course that someone in Henderson follows what the ex-Henderson team is doing and has decided to follow them into R1.

[geheimnis2] 16/8/2017 21:09

I'm a massive fan of cogevi gestion

They really know their stuff

[severnof9] 16/8/2017 21:03

Avoid

the Kranky Kendo Klub aka the KKK

[severnof9] 16/8/2017 20:44

Please don't suffer KKK

Have a word with yourself and embrace the future. Rl not R sole

[severnof9] 16/8/2017 20:40

Karma Kendo Karma aka KKK is

Karma means action, work or deed; it also refers to the spiritual principle of cause and effect where intent and actions of an individual (cause) influence the future of that individual (effect). Good intent and good deed contribute to good karma and future happiness, while bad intent and bad deed contribute to bad karma and future suffering

[severnof9] 16/8/2017 20:35

Karma Kendo karma aka KKK

[lance corporal winstanley ash] 16/8/2017 20:02

How many have Henderson got?

[loafofbread] 16/8/2017 19:55

Good to see Henderson buying in.

[kendonagasaki] 16/8/2017 18:31

Yes Barky of course...?Keep on selling the snake skin oil!How much is it again?....Thats right!£2.40p a bottle and plenty in stock!