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Share Name Share Symbol Market Type Share ISIN Share Description
Taptica International Ltd LSE:TAP London Ordinary Share IL0011320343 ORD NIS0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 125.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
125.00 127.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 217.11 21.30 25.73 5.1 160
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 125.00 GBX

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DateSubject
01/12/2020
08:20
Taptica Daily Update: Taptica International Ltd is listed in the Media sector of the London Stock Exchange with ticker TAP. The last closing price for Taptica was 125p.
Taptica International Ltd has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 127,643,615 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Taptica International Ltd is £159,554,518.75.
24/6/2019
08:49
the abbot: I guess how people view the position of TAP and how they are conducting themselves is very much based on your perspective and level of trust. If you trusted TAP then one might conclude that whilst a buyback is in progress, this would be the last time a Director would want to buy, we ALL know what will happen if Directors buy at this stage, the price rises and thus the buyback percentage suffers. This could also be true of some of the other concerns that people have as to why certain, what shareholders might consider good news, is not being sung from the rooftop - it does good for the company to keep the price down for a while. My communication with TAP was very clear although as posted not as detailed and granular as I would have liked however,Taptica will be reporting their interim results in September, I'm told more detail will be provided at this point as the integration of RhythmOne has continued to progress, my expectation is that the buyback will have completed, and with good results (or if good results) all this discussion will be immaterial TAP will rerate as fast as a rat up a drainpipe, all based on results of course.
16/6/2019
14:37
sikhthetech: My 1st post on TAP, a year before the rthm merger and months before TAP admitted to Industry Challenges affecting them, I questioned those Industry Challenges.. After the rthm/TAP merger was announced, I and others warned on this thread about rthm's questionable history... Now TAP warns that they are affected by Industry wide Challenges AND rthm history is indeed being questioned... It's nice to have an investment decision proven right so conclusively by events. sikhthetech - 26 Mar 2018 - 11:54:37 - 4643 of 11142 Taptica - TAP Will IFRS 15 affect TAP? Will any of the recent industry changes affect TAP this forthcoming year - are they challenges or opportunies? Google's ad blocker ITP Ads.txt implementation Move to Fee transparency Publishers/advertisers using fewer DSP/SSPs GDPR
14/6/2019
19:12
the abbot: So chaps I have been in contact with the company to try to get some of the questions answered that so many are concerned with. Firstly, I wasn't sure if I would get a response, that in itself would be my first red flag, my view is put the past behind us, I know the mistakes of the past regarding Blinkx, however unlike STT and his supporters, I am able to move on from this and give a new company a chance, thus I contacted them with some concerns and to be honest, and as already discussed with Borg used very much a lot of his letter to see what kind of response I would get. Before I continue, I am open in reporting I have ulterior motive as I topped up at 88p and at 98p thus have bought my average down significantly but now have a significant holding thus I am declared an investor. The below is posted verbatim, the response was received from Taptica IR of course they have not addressed each point as one would have hoped, however I am pleased to say that the response in itself shows concern and some support for shareholders (in all the years I held Blinkx I NEVER received a response), it also shows some openness to engage with the PI. Personally I am reasonably happy to be invested here still (albeit much of my risk has been reduced) and will give TAP a chance to get it right, only time will answer that question, although I am sure STT and his cronies will try to answer it well before time! Anyway here is the response, I'm sure it will be ripped apart however I deem sentiment important; Q Why did Taptica release an RNS? As a listed company Taptica was obliged to respond to the allegations and did so according to disclosure guidelines. Taptica always has and always will fully comply with AIM’s disclosure and transparency rules. Q How much revenue will R1 be contributing to the enlarged group? We are not providing specific guidance with relation to the contribution of RhythmOne to FY 2019 but please visit download the latest research from finnCap: hxxps://researchlibrary.finncap.com/Research. Further detail on RhythmOne’s performance will be provided in September’s half-year results. Q Did the company originally overstate how much revenue R1 would contribute? Taptica completed all the necessary due diligence prior to the merger as well as ensuring the market was updated on the trading performance within the RhythmOne business before the merger completed. As a result of the rapid progress in integrating RhythmOne, despite it being less than three months after the merger, we now expect to deliver c. $20 million of cost savings and synergy benefits in the current financial year (on an annualised basis) and expect RhythmOne to make a meaningful contribution to the bottom line in the following year. Q Could the buyback be larger? The board considered a number of options when deciding how to best deploy the company’s cash surplus. Once the second buyback is completed, $25 million worth of shares will have been purchased since the start of April. Taptica maintains that this should benefit shareholders in the medium-to-long term by increasing the value of each share in relation to the underlying assets of the Company. The board constantly reviews how to best create shareholder value, and takes a prudent approach to deploying cash, however there may be further buybacks in the future. Q How are Taptica’s current relationships with its institutional investors? Taptica has the full support of its largest institutional investors. While they are disappointed by the share price decline caused by Uber’s complaint, as of course we all are, they are investing in the long-term and recognise that the underlying business remains robust and has strong fundamentals. Q Why has Taptica not released more positive statements? Taptica has recently made announcements noting the successful combination of Tremor and RhythmOne's video advertising capabilities. The company will continue to update the market as and when appropriate. Q Why has management not purchased more shares? Up until yesterday’s AGM all members of the management team were in a closed period and as such were not permitted to purchase any shares. Any PDMR share purchases will be announced via RNS.
14/6/2019
12:52
1gw: gowlane- they said the $70m is net cash and I think they may also have said that they haven't got any debt now, so net and gross are the same. On the inter-company adjustment I'm saying that's already in the finnCap numbers. So the $495m originally projected for 2019 and the $560m for 2020 would have been net reportable revenue after adjusting for inter-company eliminations. My guess is the $60m (if that's the right number) was an estimate of the full-year amount, so perhaps the $560m in 2020 would have been equivalent to $620m on a pre-merger basis i.e. the $620m would include $60m of revenue counted by both R1 and Tap. How that interacts with the choice to put Tap business through an R1 platform I don't know - is there an implication that by putting $60m of current Tap business through the R1 platform they displace $60m of other non-Tap business? I don't think they were saying that at completion there was $60m of Tap business going through the R1 platform. The other thing I remember them saying at the roadshow was that R1 numbers (in the finnCap note) had been done "by difference" meaning I think that the R1 number was taking the full hit from the inter-company elimination. i.e. if they thought $560m was the right aggregate number for 2020 and they thought Tap could do $298m without R1 then the R1 contribution by difference was $262m. So R1 without the inter-company elimination would have been $322m - if $60m was the right number for inter-company.
13/6/2019
10:44
kcr69: While this isn't intended as a popular narrative to the boards current audience, it is now abundantly clear that the unaudited H1 accounts / broker notes relating to R1 were pretty close to fantasy, with a revenue of circa $200m being about the top end of what R1 would have ever achieved in FY 2019 as a standalone business. A merger valuing R1 at approx £135m at the point of offer was as close to utopia as R1 shareholders could have ever hoped for. The FY 2018 Audited accounts for Taptica put revenue for the mobile app performance division at $123.9m and the branding division at $146.0m (legacy business made up the residual $6.9m in a total turnover of $276.9m). It is akin to the musings of Walter Mitty to believe that the decline in Taptica's mobile performance division has any relevance whatsoever to the complete fabrication of information that was publicly available with regard to revenue at R1. If we believe Finncaps latest estimate of $460m for FY20 for the enlarged group, a ball park stab at the sector make up (from a legacy perspective) would look something like - mobile app performance division $100m (-20%) - Branding (e.g. Tremor) $160m (+10%) - R1 $200m Given the legacy Taptica units could easily contribute an additional £25m to those numbers above, it is quite possible that this is extremely generous to the R1 contribution if viewed as a standalone unit which could be as low as $175m. Taptica has always been extremely good at re-inventing itself in line with industry trends, something it has demonstrated ever since the days of Marimedia. While from a short term perspective the purchase of R1 looks grossly overpriced, I would expect it to bear fruit through synergy, scale and decent management in the medium term. Furthermore, while not ideal or overly welcome, the reduced reliance on the mobile app performance division actually de-risks the stock as an entity from a political and regulatory data misuse and 'overhyped frenzy' perspective. Make your own mind up, however without trying to be too scientific with regard to future numbers, it is pretty safe to say that the EV / adjusted earnings (or free cash flow) for the group will be less than 1 at current prices....any way you look at it, that is plain ridiculous. One final point with regard to the Uber situation, it was a case of "damned if they do, damned if they don't". However irritating both the lawsuit and share price reaction has been, it would have been a damn site worse if the news had come from secondary sources rather than the company itself, which it most certainly would have given the current parties and manipulation involved in the stock.
13/6/2019
06:37
whites123: $70 Million in the bank MC of $125 Million. $20 Million cost savings. Potentially fraudulent claims made by Uber. A trashing of the share price A more realistic share price would be nearer £5.00 Cash generative.. I have sold off my PMO and now just short of "All In" here. I believe we all search for that stock which will provie a 100% mark up... When we find it most people sell out before they even reach 25% profit. If that is the basis for trading to take 25% of potential then a 100% should be easily achievable with a more realistic price here of £5.00 Taptica's brand advertising platform has continued to trade well, with management also delivering sustainable margin improvement. In spite of the weakness in the Performance division, management believes it is on track to meet the market's profitability expectations. The integration of RhythmOne is progressing well, with a number of initiatives already implemented, including the integration of Tremor Video and YuMe's respective sales operations in the US. These operations are already generating good traction and are a clear example of the expansion of our international sales reach. We have also begun to consolidate our product development initiatives and are working to restructure the Company under new business units, as we seek to foster cross-selling opportunities and to streamline our operations. As a result of the rapid progress on the integration of RhythmOne, we now expect to deliver c. $20 million of cost savings and synergy benefits in the current financial year (on an annualised basis) and expect RhythmOne to make a meaningful contribution to the bottom line in the following year. The Company's cash generation also remains strong and Taptica's current cash position is approximately $70 million following the buyback referred to below. In October 2014, Taptica, alongside a number of other adtech vendors, was retained by Fetch Media Ltd. ("Fetch") to promote Uber's mobile app (the "Uber Campaign"). There was no direct engagement between Uber and the Company or any of its subsidiaries. Overall, thousands of campaigns ran with Fetch directly liaising with Taptica on a daily basis. As is standard in our business, at the end of each month, reconciliation reports were sent by Taptica to Fetch and the final invoiced amounts were approved by Fetch. The revenue associated with the Uber Campaign directly relating to the Company does not represent a material portion of Taptica's revenue. The relationship between Uber and Fetch has been troubled as evidenced by their litigation history and Fetch has even characterized Uber as a "faithless business partner" in the publicly available court documents. The Company reiterates that it considers the claims to be without merit and, as such, Taptica Ltd. and Taptica, Inc. will aggressively defend against these claims. Proposed Share Buyback Programme In addition, the Board is actively considering implementing a further share buy back programme following the Company's Annual General Meeting with the same parameters as the current ongoing programme.
13/6/2019
06:35
whites123: Selective cut and pastes from certain posters.. $70 Million in the bank MC of $125 Million. $20 Million cost savings. Potentially fraudulent claims made by Uber. A trashing of the share price A more realistic share price would be nearer £5.00 Cash generative.. I have sold off my PMO and now just short of "All In" here. I believe we all search for that stock which will provie a 100% mark up... When we find it most people sell out before they even reach 25% profit. If that is the basis for trading to take 25% of potential then a 100% should be easily achievable with a more realistic price here of £5.00 Taptica's brand advertising platform has continued to trade well, with management also delivering sustainable margin improvement. In spite of the weakness in the Performance division, management believes it is on track to meet the market's profitability expectations. The integration of RhythmOne is progressing well, with a number of initiatives already implemented, including the integration of Tremor Video and YuMe's respective sales operations in the US. These operations are already generating good traction and are a clear example of the expansion of our international sales reach. We have also begun to consolidate our product development initiatives and are working to restructure the Company under new business units, as we seek to foster cross-selling opportunities and to streamline our operations. As a result of the rapid progress on the integration of RhythmOne, we now expect to deliver c. $20 million of cost savings and synergy benefits in the current financial year (on an annualised basis) and expect RhythmOne to make a meaningful contribution to the bottom line in the following year. The Company's cash generation also remains strong and Taptica's current cash position is approximately $70 million following the buyback referred to below. In October 2014, Taptica, alongside a number of other adtech vendors, was retained by Fetch Media Ltd. ("Fetch") to promote Uber's mobile app (the "Uber Campaign"). There was no direct engagement between Uber and the Company or any of its subsidiaries. Overall, thousands of campaigns ran with Fetch directly liaising with Taptica on a daily basis. As is standard in our business, at the end of each month, reconciliation reports were sent by Taptica to Fetch and the final invoiced amounts were approved by Fetch. The revenue associated with the Uber Campaign directly relating to the Company does not represent a material portion of Taptica's revenue. The relationship between Uber and Fetch has been troubled as evidenced by their litigation history and Fetch has even characterized Uber as a "faithless business partner" in the publicly available court documents. The Company reiterates that it considers the claims to be without merit and, as such, Taptica Ltd. and Taptica, Inc. will aggressively defend against these claims. Proposed Share Buyback Programme In addition, the Board is actively considering implementing a further share buy back programme following the Company's Annual General Meeting with the same parameters as the current ongoing programme.
12/6/2019
12:45
borgioli: Guys, here is a copy of the email i've just sent to Taptica IR: It's a long one ;) Hello Taptica, I'm a Taptica shareholder (old blinkx holder since 2008) and was shocked to see the RNS release yesterday on the Uber lawsuit. The same can be said on today's RNS as well. I don't know who was responsible at Taptica for this action and who the person or people behind the idea of releasing an RNS about the Uber lawsuit are but they must be some of the most incompetent people employed by Taptica or the most malicious. What the hell were the ones responsible for this thinking when they published an RNS on this? A company RNS should be used to issue news that is of 'material' impact to the company's situation. Yet, today you mention in your corporate statement "The revenue associated with the Uber Campaign directly relating to the Company does not represent a material portion of Taptica's revenue." So why did you release a 'non material' RNS yesterday in the first place? It beggars belief at either the gross incompetence demonstrated here or the vile malicious intent to bring the share price down. Headlines everywhere mentioned the words "fraudulent" and "Taptica" in the same sentence. What a great move! Did you not think about the potential effect this could have on public/client perception of Taptica's business practices? You run the risk of multiple clients wondering if they have suffered from the same fraudulent things that Uber are accusing Taptica of. A major risk to retaining current clients because this could result in them taking their business elsewhere and potential reputational damage that could prevent Taptica from gaining new clients. Blinkx suffered greatly from fraud allegations due to the blog from Ben Edelman back in 2014 and pretty much never recovered even after multiple acquisitions and a name change because clients kept walking due to reputational damage. Public perception caused their clients to leave regardless on whether it was true or not and because questionable traffic is something all ad tech companies suffer from to some degree, it shows that by releasing news on being accused of defrauding you are asking for trouble with current clients. Again, what the hell were the ones responsible for this press release thinking? When Rhythmone was involved in the lawsuit with Dataxu they never released an RNS about it because it would only damage the share price and company reputation. I would fire the ones responsible for the Uber RNS on the spot for gross negligence, and in the case of malicious intent i would consider legal action against them. Since Ofer Druker became CEO the share price has done nothing but go down on vague profit warnings and a highly unbelievable story about more than $200M revenue from R1 that suddenly went missing. I'm not buying it, as normally you (Taptica) would sue R1 over such a miss and Tosca, Lombard and Schroders would sue all of you for not doing any proper due diligence. It's far more likely you conjured up this story to cover the loss at the Taptica performance business which suddenly became an issue shortly after the fraudster CEO Hagai Tal was shown the door. The name change seems also related to that. Also, in what parallel universe does Taptica think Ofer Druker's massive options package is justified? It goes against pretty much every moral standard and given the value destruction under his leadership since he took over it's a major slap in the face of private investors. (caused by the ridiculous negative vague profit warnings since the merger which were all worded in a way to greatly damage the share price) It would be good if he would either relinquish his massive options package or amend them and attach high share price targets to them before they can be exercised. (many multiples of today's price that is) I support the potential renewed buyback from today's press release and given the current bombed out share price i would like to see an aggressive buyback for the amount of around $30/40M. The company should at the very least take a large amount of shares out of the market at these prices so that some of the damage you have caused could potentially benefit shareholders in the longer term. P.S If you want to hire someone who actually knows how to increase the market value of a business, i'm available for only $100K a year with a performance bonus of $500K for every 100% increase to the company's market cap. Given the bombed out value of my Taptica shareholding let me give you some free tips on how to increase your market value : - Given that you have already reduced expectations massively with the R1 $200M revenue story make sure you release nothing but "better than expected" statements from now on. - Ofer Druker and Tim Weller should buy shares on the open market to send a clear signal. (not talking about a 5K purchase here) - Make sure that your outlook statements are positive, because a positive update without a positive outlook statement won't help the share price. - Better than expected and positive outlook statements from the current situation could and should result in more institutions buying a stake in Taptica, more analysts would start to follow the company with increased price targets and would recommend Taptica to their clients. - Release regular news on major new clients, the bigger the names you are able to mention, the better. The market needs to know if Taptica is still capable of bringing in major brands at this point and putting such news in seperate press releases not only convinces shareholders that you are able to reel in big fish but would also make other high profile brands consider Taptica vs their current partner. - The Rhythmone company Perk for example hasn't used any of their social media channels since 2018. Those are simple and cheap things to maintain and gain new customers. It's 2019, you can't run a tech company without social media to increase brand awareness. It can be fixed with one phone call but it's shocking enough that nobody over at Perk ever noticed this. Also the app reviews for the Perk apps are terrible and reading the reviews it seems the company doesn't fix anything or get back to them. Not the way you should be treating your app users. You should also look at The Trade Desk as an example on how it should be done and take note on how they handle their news releases. The company has less revenue than Taptica post merger yet they have a market cap of $11B, yes that's Billion with a B! Their revenue doesn't justify their market value but it's all about the perception shareholders have on your company. If they think you can become a major player they buy shares at insane valuations. If sentiment created is a disaster (like Taptica has done) shareholders are not going to touch it even though it only trades at a fraction at what it should be trading at. One final point i would like to raise, Does Rhythmone still have access to the perpetual exclusive Autonomy IDOL license for visual and audio recognition for consumer video? If so, why are you not utilising this technology the same way blinkx did for ad placement using audio and visual recognition and thereby gaining a major technological edge vs anything used by competitors. Sincerely, James T. Kirk
12/6/2019
12:27
sikhthetech: yes Borg, Hat wants to know... 2014 rthm blog, why do you post? Obviously, we're both referring to 2014 rthm ;-) Obviously, rthm merged with TAP and the series of rns from rthm goes to prove that things change so quickly and rns from ad tech companies can't be trusted...But Hat seems to have a problem understanding the basics.... publishing vague updates shows lack of clarity resulting in more questions.. I agree it's likely to be months before there's any clarity, especially whether there have been any clients lost due to this fiasco... Borgioli - 11 Jun 2019 - 22:04:38 - 1135 of 1198 TAP TAP TAP - TAP Dealy, it's not about 1 disgruntled customer, it's about their claim that Taptica have been scamming them. The 1 customer is not the issue, the public/client opinion on whether or not Taptica defrauded clients will be crucial on retaining current clients and gaining new ones. Other Tap clients will certainly take a closer look at this after viewing such headlines don't you think? We won't find out about that for several months imo. One blog with fraud accusations on blinkx caused hundreds and hundreds of clients taking their business elsewhere even though it was never proven in court.
11/6/2019
20:55
sikhthetech: Dealy, I agree with Dagsteeth about the use of the word "Appears".. It's not a strong enough word... If they weren't sure then they should have done some research before issuing the rns... Also if you look at some of TAPs/rthm's events since Dec, they are questionable... It's not just another odd court case...which I agree any company could go through... Dec 2018 - TAPs CEO, HT, resigns after being liable for lying at a previous company..he resigns.... TAP announce revenues fall short of expectations... Finncap say they don't anticipate HT selling his 14m TAP shares.. TAP share price crashes from 300p to 200p Rthm results seem 'good' Feb - rthm CFO (2nd one) resigns after just 5 months.. Apr - rthm merger completes.. Finncap comment on TAP BoD have only just started looking at rthm's full books and operations.. Finncap say rthm's fy2019 expectations lowered from $470m to $250m.. TAP announce there will be a placing of HT's shares after all... TAP share price crashes.. Placing doesn't complete on day 1.. 2nd day of placing ... TAP announce they bought back circa 40% of the placing shares.. in effect bought out their ex-CEO... Placing at 140p.. TAP share price crashes.. TAP rns re Fraud allegations TAP share price crashes
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