Rhythmone Takeover Rumours (RTHM)

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Rhythmone Takeover Forum Posts

Interesting shenangighans. I have it from a good mate of mine that Bonney won’t talk to shareholders hiding behind close period. Since most of the questions she had were around who is running this company, she thought that was a bit limp. The trading update and guidance of brokers remains valid so one has to take trading at face value or they are complete liars. Therefore one must conclude the trading, volume and silence from the company are linked as with no comment on share price drop, I tend to believe a previous poster who suggested something takeover related is going on. Whatever it is as a PI I hate being played. That volume on Friday was real. Someone took a big dump.
Don’t rely on a takeover to save the day. Remember that Rocket Fuel (once valued at around $2Bn) was taken over by Sizmek over a year ago at one third of revenues, or $145m. In the case of RTHM, with declining revenues, that would now be about $120m, so say $1.50 a share or about 120p. Anything could happen but there is no safety net here.
Well tosca are also under water here?They are the biggest shareholders here and back the senior team in charge.They can easily mount an agreeable takeover should they wish to do so.3.50 or over i will take it.
Bonney is not taking calls; Numis (as advisor), unlike Whitman and N+1 did not update their research note (it may be concluded it's on their restricted list); the trading update was very careful to give a profit forecast under the Takeover Code; Ed was kicked out (no notice period); FD brought in with a specific purpose; 2 geriatrics as CEO/CFO are not here to build a business by acquisitions; no new NEDs added; Board of 3 amigos only; clue in RNS re "consolidation activity". I guarantee they are in advanced stages of talks on a sale; in between times the algo trading patterns are identical to those before Lombard announced their last stake increase being managed the mm taking stock on its balance sheet with all the small sells to create the liquidity for the Lombard large purchases...watch this space....
On Aim for 11 years indeed Digi, so the greedy techie fuckers could collect fat paychecks and inflection bullshit investors. Even when we had around a $1B valuation SC and ML thought AIM was a better place vs US listing due to costs, which was total bullshit of course. Singer is not responsible for the gross incompetence from the cunts that came before him. The reason how he was able to take control here is because Singer convinced major holders they were/are incompetent inflection bullshitting cunts. We now have a new team at R1 and imo it's too early to tell. November outlook should reveal Singer's true agenda. A downbeat or 'in line' statement on things would point towards a cheap takeover. A slightly better than expected and positive outlook set of results should point towards a strong next year. All imo of course.
We had a ready made listing when yume and Singer came knocking....imho he’s not only short changed us with a reverse takeover he’s shafted yume holders without spending a penny of his own cash..... There is an reason we are being kept in the sewer!
Gordon, come in? Surely with them being a US company in all but exchange listing they can move across? More so since Yume took over 1r imo via a reverse takeover.
November it will be barky.....I like the sound of a sting,I hope it’s not us that gets stung old friend..... Keeping the pressure on by regurgitating everything I’ve seen since the takeover....
Quantum Corp was doing rather better till the dream team invaded the boardroom......this is one of the last statements from the board before Singer took over..... Their stock bobs along at 5yr lows Although we are open to VIEX having meaningful representation on our board, we do not believe it would be in the best interests of Quantum and its stockholders or consistent with the board's fiduciary duty to allow VIEX — which owns 11 per cent of the company's shares — to control our board and to dictate our business strategy without paying a proper premium to all remaining stockholders. Basically the quantum boss was saying fkk off hedgie this smells like a takeover and it’s not in the interest of our shareholders......latterly proved right after 2yrs of nothing only a share price decline
While everyone winds themselves up, the facts are these. Brokers were guided that their full year ebitda forecasts were still on track but revenue was lighter hence broker updates post trading announcement means management remain comfortable with full year market forecast. If they weren’t they would need to say. Equally they have been very careful not to reiterate management expections of full year forecasts in the end. Why? Very simple. To do so means they wouldhave made a profit forecast which has implications under the takeover code. To my earlier comment about the subtlety of their consolidation comment this makes it clear as mud to me that a sale Would be exoected in the next 6 months hence the caution about saying anything which could cause issues eg a profit forecast needs to be fully reported on by accountants under the Code.
I accept that was the reason.But we now know in light of the TU that the figures produced to support the takeover with indicative outcomes were in fact utter bollox.Were the respective BoDs aware of this if so why prepare them or is it that there is a genuine shortfall from the anticipated projected combined entity.Which seems the most likely?Knowingly publishing utter bolloxOrA shirtfall in anticipated turnover?
Any takeover would be at multiples of current share price. R1 is ridiculously cheap.
It is bizarre. They have missed their initial forecasts by a country mile and still the idiots think R1 is performing. As for the press and analysts if they were any good they would have made their millions investing instead of getting paid to write trashy inaccurate articles. So cost cutting is the new way forward. Good luck with that although I note that YuMe has slashed costs prior to the takeover with little impact on the bottom line. They are going to slash it again? This is all smoke and mirrors and will end badly. Short to zero.
Not everyone needs to post well written, in depth analysis to understand business and finances... Just because some of us choose to... I mentioned the house prices are going to crash by 40%, qxl are worth £300, pace takeover at 500p.. all years before they actually happened...
Sikh. Football I do not know about re QXL however we both know a big player in QXL that was into BLNX now RTHM. I do not identify for obvious reasons. Re similarities between RTHM and QXL. Both were fundamentally highly geared plays in that they were (are) both highly geared to coming good. In QXLs case it was a matter of resolution of the Polish question, the theft originally causing the price depression. However the coming good was also a matter of change of investor sentiment ultimately resulting in the takeover. Allegro was and I believe still is the largest internet auctioneer in Poland. Basically Ebay is nowhere in Poland. I do not follow Naspers but it is still going profitably inspite of the somewhat hostile business environment is SA. GLA
POSSIBLY TAKEOVER JKX Oil & Gas PLC Notification of major holdings 14/08/2018 12:21pm UK Regulatory (RNS & others) Resulting situation on the date on which threshold was crossed or reached 19.97% N/A 19.97% 171,723,145 ------------------ ---------------------- ---------------- -------------------- Position of previous notification (if applicable) 10.00% N/A 10.00% ------------------ ---------------------- ---------------- --------------------
Mike Lynch and Suranga will have to take the witness stand here, and be cross examined. Perhaps HP should be invited to register their interest in this case, and join the proceedings, after all they bought the IDOL technology with the takeover of Autonomy. But of course Blinkx/1R do have a lot of form even since the Professor’s blog, and they have misled the market on many occasions. Remember the infamous ‘inflection point’, the analyst projections of monster revenues and profits (was this ‘research’ paid for by the company?), the absurd F-4 projections submitted to the SEC. My own favourite is the repeated assertions of massive growth on the RhythmMax platform which has now evaporated. My belief has always been that they were simply transferring their own revenue streams across from the old system. The list goes on and on.
Just to cover myself I think a cheap takeover of a tenner is possible but very disappointing......
Evening Jarvis,all I can say is at least I won’t have laid down when the paltry offer comes in.....i laid out the evidence of the viex past activity.....I’m still looking for something I can hold up to say Singer is our knight in shining armour.....it’s not very fruitful at the moment.....all I have is his Trojan horse takeover of R1 and a bucket full of reasons why we are shrouded in a veil of lost profits and promises....get us the feck off aim,drop this baby stateside on the main market and let’s get Singers promises legitimised.......all my opinion of course.... Either way there’s a crust in it for a takeout but 10bagger?....I think a sat lotto win is more likely......
'the share price is $4 but could be worth $19/20 in a takeover situation' The closing auction of a couple of 100 shares has clipped us for 2 days now. It took us down 6p on Thursday and the same yesterday. Incredible.
I was looking for £3 at the end of this week....I suspect a lot of interest that were wanting figures were disappointed....but that said we are either early birds to the biggest party of 2018 or we are gonna be early birds to witness a cheap takeover that should treble an investment at this level..... I’m in all the way for this last ride.....
It was loaf who asked the question. I heard a straightforward denial - not acting in concert with Toscafund. And I thought loaf asked if therefore Toscafund were able to buy more shares and Eric replied that they were as far as he knew - or have I got mixed up with conversations we had afterwards? But Eric said he had talked to Martin Hughes recently. So they discuss things, as I would expect given the shareholder relationship. But they are not formally seen to be acting "in concert" in the context of their R1 shareholdings as that term is understood in the Takeover Code. I don't think you can expect any more clarity than that. I would be amazed if they hadn't discussed replacing Ted with Mark for example. But they would have made sure that any discussions they had on that issue fell short of a formal "acting in concert" definition under the Takeover Code.
Some good chat today....I think Singer is very on the couch with Tosca....Tosca gave the thumbs up to letting him take over their company R1......we didn’t need to touch 16.5p that rot could have been stopped.....we didn’t need to languish in this most corrupt of markets aim if shareholders were top priority,all these things could have been dealt with during the reverse takeover by Yume but strange we never heard a vocal whimper from Tosca during this dark time.....all we have is Singers say so Tosca were upset lol.... Pity Tosca weren’t as vocal as viex are when a board is underperforming!!
I don't blame you Digi, i also think a low ball takeover is still possible but i must admit i have far more faith in Singer than i've ever had in the BM management team. Time will tell....
Someone said earlier it’s a win win for an entry at this level either re rating for profit or potential takeover target.....has anyone thought why that’s not attracted investors?.....all we have had for months is a measly 3% shift by R&M I think it’s because this company could be delisted too easily on aim by the controlling board.....that could potentially tie up cash for years while they operate de regulated....a crappy matched bargain could be set up to enable desperate punters to exit.....Ive thought very hard about this....it’s very legal and very doable.....
Numbers on track. KPIs ok. Last 2 waste of space non execs kicked out. Reverse takeover complete. 5 months to complete Singer ownership strategy without shareholder approval. Onwards and upwards. Rivers and Lombard will ensure corporate governance
There is no takeover. It is a dog of a company and no one wants it. Four years of losses. Best advice I can give jarvis is to take some flea powder.
90p old money is daylight robbery.....but not as uncommon as some think..... Interesting AU should be mentioned so prominently by a recently created buffoon account..... I liken the AU. Takeover by HP to motobility U.K. trying to put a Ferrari engines in their free cars....
Digi, i meant the offer they put out for Yume and including the mega dividend. I agree that post acquistion it went downhill but we didn't need Singer for that as Brian Fuckuperghee and Ted Hankey were able to that just as well without him. Why would he have to use his own money, R1 management used OUR MONEY to buy half assed companies from "friends" and fuck them up while they continued to enrich themselves with fat paychecks and options. As i said before, the only reason this reverse takeover on shit terms was possible is because the R1 management team failed to deliver shareholder value for many years by fucking up acquistions. Because of that Singer was able to gain control with the help of major shareholder support.
Borg.....imho Singer shared nowt with YuMe shareholders,he didn’t even use his own cash to takeover R1,in effect he used R1 cash to shush YuMe holders and got R1 in exchange.....even paying the Yume shareholders with R1 stock he probably even knew then they were gonna drill the R1 stock into the ground and most of the US funds would bail helping the price lower....who’s left from takeover on paper from Yume?.....none if any of the institutions who were around while he laid his egg in the YuMe nest.....the viex R1 holding will be showing a mighty loss if we could find records of it!.....it’s cost Singer nothing so far and he has control of R1...!!.....amazing stuff
I no longer subscribe to this under the radar.....the only thing gonna happen under the radar is a quick quiet takeover done through the tacky rules of the Aim gutter.....
so Mr Sorrell didn't rush out to buy 1R 1st.... Martin Sorrell beats WPP in takeover battle S4 Capital is buying Dutch digital production company MediaMonks for about €300m (£266m). https://www.bbc.co.uk/news/business-44772668
Takeover at a 70% premium?
I think the automatic share consolidation viex do is to strangle hold the companies.... Since viex filled the Quantum boardroom with its officers 29 institutions sold out up to 31/03/18 and there were 6 new holders! Without leaving too many breadcrumbs that says a lot about US institutional confidence in Viex total control over company boardrooms!!.... As I said weeks ago I feel this cuckoo is in it for a takeover and Quantum is just months behind us in having Singers claws into the Co. All my opinion of course,but good to get this stuff aired just in case
Former management did nothing for us Digi, they would've been against a takeover imo regardless of price because they were only interested in collecting fat paychecks/options and bullshitting shareholders.
Worth a punt from here for some.....but a sickener to others,not many institutions can get authority to jump onboard a takeover train that’s why we languish imho
If any of you were attending the AGM hypothetically what is the one question you would ask a board member in a one-to-one conversation which you hopefully expected to get answered. Mine would be why did Dan and Ted get the sack and what it part of a reverse takeover? What's yours?
Digi, they either left because they don't want their names in the media articles about a shit priced takeover or Singer and co fired them. Either way, when you look at the share price since 2014 they all deserve it. Like i told Barboo, at some point people who fuck things up for such a long time should be held accountable. If, and only if Singer really wants to keep this public and come out with a massive turnaround, firing all previous board members would imo still be justified. They are responsible for massive financial losses for investors while they all walked away with millions earned. Corrupt cunts, the lot of them.
Digi, that's what i've been saying from the start. Last year i said the yanks from Yume had us by the balls and not the other way around. Also posted several issues on the way the whole Yume deal went which imo pointed towards a reverse takeover, yet Barky kept attacking me and questioning my motives. The only thing we can hope for now is that Singer turns this around instead of coming out with a shit offer, but the lack of share buybacks still seem to point towards a low ball takeout and i doubt we will get your 900p low ball target price. The AGM next month seems to fit nicely with a potential quarterly update. That's when they will probably strike or announce a massive turnaround.
SP dropped 25% from immediate opening price on the 14th June following results announcement. 25% drop in less than 4 trading sessions! SP dropped 64% from last years £5.00 high, pre YUME takeover! SP dropped 92% from all time high. BOD Hello, do you give a shit?
The Yume takeover continues, as expected... Not really a surprise, is it? short post without the pink ribbon around it... and as JonC/gl discussed, more writeoffs anyone??? sikhthetech8 Feb '18 - 10:08 - 6545 of 7539 Edit 0 4 1 Normally when a company takes over and new management come in, the old processes, projects, staff tend to get the axe... I wouldn't be surprised if there were cuts to some of 1R projects resulting in write offs... and staff - oh, we've already seen some of that.. ;-)
Reverse takeover without any takeover premium..yet! In most companies getting rid of the dead wood would be seen as good news. I wonder if Tosca will put forward anyone when we see the AGM docs?
People joked about it this time last year but it seems the reverse takeover is almost complete by Yume on us and go on only in name now.
All of the R1 management that were fired (or left)deserved it. If his plan is to take this private on the cheap, the best way is to fire all people who could be against it and you can only do that with support from major shareholders and then get your newly installed puppet (Bonney)to come out with a mediocre update and board recommendation for a garbage takeover offer. Singer seems to be doing the right things to enable a turnaround except for one thing: supporting the share price (share buyback), which is the one thing you don't want to see go up if your intention is to take it over for a shit price.
Management could easily stop this drop by announcing a share buyback, but that doesn't fit the low ball takeover plan. It looks like instead of going on an Investor roadshow they just went to the local McDonalds for some nice chicken nuggets... Singer used to be so vocal about the incompetence of the Yume management and getting money back to shareholders, yet he's silent when it comes to R1. No help from Bonney and Clyde it seems.
Borgioli, "Imo they would've been better off by changing their name to Yume" exactly.. it is basically a Yume takeover... so why stay on AIM, why not seize the opportunity and move to Nasdaq... Majority of their revenue comes from US, headquarted in US... but registered address in UK... More governance and cost of listing in US comes to mind... There needs to be period when there is clarity and no questions regarding their strategy or any subsidiaries ..
IF there is a takeover/taken private, why would anyone pay more than 30% premium to whatever the sp is when(if) a bid is made... I think current mcap is fair value... how much did 1R pay for Perk, Rad1 or Yume???
Barkboo, i'm far more concerned about what R1 management says and if there is any honesty involved in what they say. So far it seems most of it has been bullshit. Now they have finally been kicked out. Looking forward to next update and am "hoping" that Singer can turn this around and not screw us with a cheap takeover.
No it is not typical lgw. In fact a fall off in sales in many cases would cause a takeover to be pulled. Such is the arrogance of R1 management. Buying $10 bills for $20,
Isn't it fairly typical that revenue performance in the acquired company falls off ahead of completion? Management in general and sales managers in particular are much more focused on securing a role in the new organisation or job hunting elsewhere than they are on meeting sales targets. That certainly seemed to be the case in the last one I followed closely which was the Arris takeover of Pace. Full year accounts for Pace when they were released post-completion appeared to show that they missed bigtime on the revenue guidance for the year. The test is whether the new management can get the organisation going at full-speed again soon after completion. And that's where having someone like Bonney in charge will be to R1's advantage I think.
Yume revenue is an absolute disaster. How they managed to shove a reverse takeover down our throats from a company that's looking to perfom even worse than R1 is truly shocking.
why would there be a 'cheap' takeover? IF there is a takeover, why would anyone pay more than 30-40% premium to the sp at the time of any announcement?
Very happy to be proved wrong but there has been too much effort put in with the Edelman effect right through to today.... You can’t hide the metrics but you can work with accountants to shift the real potential around until it’s taken out for others benefit ..... I would imagine it could even stop a lot of funds investing if there’s only a future management takeover to look forward too....I’m sure that’s a principal only a select few funds would climb onboard for Lombard?....lol Ok.....have a good evening all....
Whitman and N+1 singer out. Both make excellent reading. Management confirm guidance of $55M + EBITDA. Getting rid of low margin stuff . Both notes say the company has delivered on all fronts. WH 'increasingly vulnerable to a takeover' N+! 'very substantial rerating from this 5X P/E FY 19e.' Both notes keep buy and target price the same £7.70 and £7.30
I've just got hold of the minutes to the last BOD meeting. Agenda. 1) Tosca takeover offer 2) Share buy back 3) Move to main market 4) Dual listing on Nasdaq 5) Tosca appointed board member 6) Repay last years bonus payments 7) Pigs might fly 8) AGM moved to Vegas
Got booted is reasonable assumption, along with Nunes and Hastings. Singer is kicking arse. Dan was a great talker (generally to non shareholders) while frustratingly eavasive and delivered nothing in his IR role. Clearly his short lived COO role suggested he wasn’t an integrator or leader. No surprise that all the Rthm guys are being shot by Singer. Just a shame that was always a takeover by Yume engineered by Tosca was structured to give away Rthm equity and not deliver a premium and exit to Rthm shareholders. The non execs should all be shot too. Makes you wonder what “management expectationsâ€￾ are since I have no idea who management is. Only saving grace is that numbers seem good and in Singer we do seem to have someone who recognises that it’s all about shareholder valuation creation, and in afirecqta 4x or he can’t fail to achieve something!
Got booted is reasonable assumption, along with Nunes and Hastings. Singer is kicking arse. Dan was a great talker (generally to non shareholders) while frustratingly eavasive and delivered nothing in his IR role. Clearly his short lived COO role suggested he wasn’t an integrator or leader. No surprise that all the Rthm guys are being shot by Singer. Just a shame that was always a takeover by Yume engineered by Tosca was structured to give away Rthm equity and not deliver a premium and exit to Rthm shareholders. The non execs should all be shot too. Makes you wonder what “management expectationsâ€￾ are since I have no idea who management is. Only saving grace is that numbers seem good and in Singer we do seem to have someone who recognises that it’s all about shareholder valuation creation, and in afirecqta 4x or he can’t fail to achieve something!
Results??Need to be real prifits and clarity around forward guidance!!This may nudge them towards the 3 pound mark.The year high remains around 4.80 then drops going into the year.A bid is coming either way and Tosca will take it private.....good results they may offer above £5.Bad results and they may only offer 3.40-3.70.Either way there is no longevity for the small pi to reap any rewards here for the future.Let’s just watch the game now the scoreboard is never going above a certain level.58p is my aversge here now and i just want out now and im sure a lot of us feel the same.I cant even be bothered to be a bull or bear here anymore.Use common sense and accept the offer on the table when presented with it.Played by smarter players here.Sorry to all who’ve lost a fortune here, but i hope not all your eggs were in this basket?Fucking roll on takeover day!!
With just shy of 30% Tosca are running the show here. They were instrumental in the YUME takeover and will have a defined end game to show some profit for their work to date. They will want a lot higher than 20p !
Midas, I feel I should buy some more. Have the cash. My average is 460, so I could easily double up and bring it down to 335. I just feel we are about to be 'shafted' by a low-ball takeover, so best left alone I think!
thanks footfall.so Tosca and Odier have 35%. Enough to block a takeover but not enough to execute a take-under
I view this as a positive thing, sure the timing is tricky but i'm glad they kicked Ted out. Seemed just as useless as our 'Inflection man' Brian Fuckupperjee. Ted shoved a Yume deal with some shitty terms down our throats and managed to get the share price to half the fucking IPO price. Yes, very sad he's gone...NOT! Now that Singer has placed all his minions (We still got Ed wreckenelli left)we imo will either get a low ball takeover offer or they (Singer club) will turn this around the same way they did with Yume and their incompetent management. Either way should result in an increase in share price and that's a nicer thing to look forward to than what Ted Copperfield has left us with.
Out of the news today don't understand why the AGM is been moved a week due to the fact they report on the past which cannot be changed so all the figures and facts which are in the documents for the AGM and results cannot be changed, the only reason for it being moved maybe to give the new person time for him to familiarise himself with the company or has was said last week takeover possibility? Alex you are banned months ago with a few others and as rocket fuel pointed out people using different IP addresses could get around it or something like that he said but now seems to have kicked in after gdpr so maybe one or two others that were banned months ago won't be posting
Wheeze, a trail or not, it doesn't matter. These guys are pro's. Connections are hard to prove in court and they know it. If management comes out with a weak outlook and give support for a lowball takeover citing tough competition or any other bullshit reason it will go ahead and it will just be yet another sad AIM story. FCA, SEC boards are made up of former bankers/stock market guys. Add to that the fact they don't give a shit about AIM or OTC. There's a reason they went with the AIM listing and not the NYSE.
Totally agree Borg..TT...as I’ve said before GS jumped on here again,they may be in it for their own interest to counter a potential cheap management takeover or they could be in with the gang maximising future private profits!.... If it kicks off it’s not gonna be a smooth transaction I feel....
Yes it is.I’ve increased heavily sub 2.00.I’ve been waiting for this takeover and for IR and Tosca the timing is imppecable.It’s an aim share so no real surprises.Barky will nevef see his 24.00 or Digitaresalis his 30.00.Still...i’ve had worse days and a sell in June is on the cards for a reasonable profit at anywhere near a fiver.Will be glad to see the back of this one!!Will miss insulting the regular idiots though?
Ok 1gw so I see your on a personal attack as you can’t account for viex becoming the proud owners of R1 stock post takeover of YuMe then completely disposing of that holding without affecting singers website holding on the R1 site......lol I rest my case
When did singers holding on the shareholder register last change 1gw? If the 13f had shown YuMe as a complete disposal I could understand the system removing it post takeover......but R1?..... That’s a wholesale disposal of the combined holdings for viex..... They hold zilch now.....yet Singers holding remaining unchanged on the R1 holders page?......lol.... Come on.....look at the millions of shares that have shifted over the past few months but updates are nil?
the numbers don’t add up,why would he authorise a disposal at a loss?.... Would be interesting to know at what part of the takeover talks viex accumulated its R1 holding Some would just say he is a savvy investor who chose the right company at the right time!....cough.... was he just custodian of that stock for someone? Interesting stuff,but be sure it has smelled a little fishy for a while.....
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