Rhythmone Share Discussion Threads

[kendonagasaki] 15/9/2017 20:39

Looks like 1R behind the head of the curve as usual!I think they are preparing their next bid to take over WPP?All share tranaction at tuppence a share?

[bennywin] 15/9/2017 17:23

Barky

Some free advice from a very successful chap to a dreamer.

Learn to accept when you are beat !

[stocky] 15/9/2017 16:50

That doesn't look good for R1, Sikh! ;)

[football] 15/9/2017 16:13

Prop trader Leluot3 back again bashing for her bosses

[1gw] 15/9/2017 15:30

One possible rationalisation of today's price action is the move in the exchange rate. You could argue a 1.5% strengthening of the £ against the $ means that R1 shares are worth 1.5% more to YuMe shareholders in $, which opens up the arb and means R1 is sold to close it again. Or you could just argue that the market is marking down the shares because the $ earnings are going to be worth less in £.

Either way, YuMe has now followed R1 down, and a bit more, so the arb is again opening up.

Personally I'd be surprised if YuMe doesn't claw its way back to the $4.66-$4.70 range by the end of the day, but it is possible we've got a bit more of the vicious circle down to go.

[sikhthetech] 15/9/2017 15:12

AppNexus And Index Exchange Are The Header Bidding Leaders

top 10 Header Bidding leaders...

"Seventy percent of the top 1,000 publishers running programmatic advertising use header bidding, according to the report, which ServerBid created by looking at programmatic publishers in the Alexa top 5,000. It removed companies like Apple and Disney, whose sites aren’t ad-supported."


"“There is a massive drop-off after No. 13, which is Yieldbot,” Shuptrine said. Fewer than 10% of publishers used Yieldbot."

[1gw] 15/9/2017 14:36

I think Eric Singer as chairman could be just what this company needs. I'm pretty sure he won't take any cr*p at board meetings and will demand that proposals are properly presented with convincing financial backup. At last there will be a real heavyweight there who can challenge the CEO. I think it's also a good move to get the CFO on the board. With CFO, CEO and Chairman they can have a meaningful discussion of issues.

I also doubt Singer will accept R1's woeful inability to forecast and will ensure the right incentives are put in place to develop reasonable forward-looking models of the business.

[sikhthetech] 15/9/2017 14:32

gl, 1R's H1 ends 30th Sept.
Yume's Q3 ends 30th Sept...

The voting is 1 week before... not a good idea for either company...

[lance corporal winstanley ash] 15/9/2017 14:12

Maybe people are concerned the soon to be chairman of 1r is a hedge fund manager. I'm not happy about that appointment.

[1gw] 15/9/2017 14:05

Well I'm trying my best here and have just put another buy through but there doesn't seem to be a lot of buying interest.

[jonc] 15/9/2017 13:57

It is worth £5m Max.

[sikhthetech] 15/9/2017 13:01

gl, I seem to remember you mentioned this some time ago...


GDPR is coming, and many U.S. ad tech firms aren’t ready

"As of next May, advertisers won’t be able to market to individuals without obtaining specific consent to use their data. It won’t matter whether a company’s servers are held in Israel, India or the U.S. — if it is storing the data of an EU citizen, it must abide by the General Data Protection Regulation or face fines."

[sikhthetech] 15/9/2017 12:59

I don't think anyone really knows what is going on at the company nor the industry....
Everything's moving so fast...

ML seems to have left at the right time...

[gowlane] 15/9/2017 12:41

Seems like too many deals at once.

Then you have the revolving door into the CFO's office.

Does anybody know just what the h*ll is going on at this company?

[sikhthetech] 15/9/2017 12:24

one of the conditions of the merger is yume must have $32m... that's only about $5m less than they had after paying the dividends...

agree, it is very tight... looking at RF, with their $60m and they ran into negative cash flow for a qtr due to delayed payments...

It depends on how immune 1R are to delayed payments, which are affecting the industry.... I very much doubt they are immune... plus the increase in staff, redundancies, etc..

[gowlane] 15/9/2017 12:07

$30m looks to be very tight for them Sikh. One bad loss making year and it's goodbye to the cash buffer.

Surely the days of raising easy money with share placings are over for these guys.

Maybe it would be better if they called the whole thing off.

[gowlane] 15/9/2017 11:49

Yeah we do notice the difference all right Barky.

As soon as you are back on the case, watch out down below everybody as the share price goes into another unstoppable decline!

[sikhthetech] 15/9/2017 10:42

hmmmm....


sikhthetech - 04 Sep 2017 - 11:55:54 - 5021 of 5179 RHYTHMONE - new Name, new Beginning??? - RTHM
If there is a placing, it could include more cash as well as shares to buy yume..
If yume only have $30m cash, then is it likely to be enough???

I have my doubts...

[midasx] 15/9/2017 10:13

Stand corrected 1gw, I had not actually looked at the filings.

Perhaps they are going to do another placing?

Remember this :-

Proposed Placing

blinkx plc announces proposed placing of at least 18,000,000 new ordinary shares

Introduction

London, England and San Francisco, CA - 3 December 2013 - Further to the announcement today that blinkx (AIM:BLNX.L), the Internet Media platform today entered into an agreement to acquire Rhythm NewMedia ("Rhythm"), a leading ultra-premium Mobile Video Advertising Network (the "Acquisition"); the Company announces its intention to place at least 18,000,000 new Ordinary Shares (the "Placing Shares") in the Company, representing approximately 4.9 percent of blinkx's existing issued ordinary share capital (the "Placing"), with both new and existing institutional investors.

They placed 20,000,000 at £1.95, good job they did or they would not be here now!

[football] 15/9/2017 09:42

Kendo unblocked on Monday your last post was a little bit out of order

Have a good weekend

;)

[lance corporal winstanley ash] 15/9/2017 08:20

Bridging loans are not cheap.

[1gw] 15/9/2017 08:19

Here's an interesting comment from one of the SEC filings though:

"RhythmOne intends to finance the cash component of the Transaction Consideration (as defined in Item 4 below) with a combination of cash on hand and financing to be obtained prior to commencing the Offer. "

That's the first I remember reading about raising additional financing to complete the transaction, unless they just mean cashing in the cash equivalents and marketable securities. Perhaps they intend to take out a bridging loan repayable with some of the $32m YuMe has promised to leave in its kitty.

[loafofbread] 15/9/2017 08:09

Out of interest has comscore stopped doing it's updates?