Share Name Share Symbol Market Type Share ISIN Share Description
Taptica LSE:TAP London Ordinary Share IL0011320343 ORD NIS0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +0.23% 435.00p 425.00p 430.00p 427.50p 415.00p 415.00p 117,987 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 101.9 15.9 21.3 23.1 293.85

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Date Time Title Posts
25/7/201716:02Taptica International Ltd182
04/2/201708:04TAP Oil A re-birth for the man who led Salamander Petroleum-
24/5/201222:35ADVANTAGE PROPERT INCOME TRUST yld15.6%645
25/8/200911:13Commercial property on the rise10

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Taptica (TAP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-02-23 17:09:05435.003,50015,225.00O
2018-02-23 16:40:01422.505,00021,125.00O
2018-02-23 16:35:25435.004,00017,400.00UT
2018-02-23 16:23:34429.901,6246,981.58O
2018-02-23 16:06:18426.002,50010,650.00O
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Taptica (TAP) Top Chat Posts

Taptica Daily Update: Taptica is listed in the Media sector of the London Stock Exchange with ticker TAP. The last closing price for Taptica was 434p.
Taptica has a 4 week average price of 357.50p and a 12 week average price of 357.50p.
The 1 year high share price is 515p while the 1 year low share price is currently 225p.
There are currently 67,552,256 shares in issue and the average daily traded volume is 233,109 shares. The market capitalisation of Taptica is £293,852,313.60.
nocrap: I leave the more puzzling questions about where should a company target new sales, its competitors, etc, thats the job for the ceo.!!! and their big wages. i look for industries that are growing, stock with a low p/e, a low peg ratio, a good ROE, a growing share price, low volatile stocks, little debt.increasing earnings per share, undiscovered stocks heres a post from stockopedia last summer. However, whereas much of XLMedia’s profit comes from the gaming sector, Taptica works with some of the biggest consumer brands in the world. Here’s a snapshot of a few of the companies featured on its website: 5937c95b415e2T2.png Source: Taptica operates in more than 15 countries with over 600 apps and brands. The company’s user database handles more than 22bn requests each day and contains 220m user profiles with more than 100 data points for each user! It seems to me that Taptica must be becoming a significant player in this sector, providing tailored marketing for big brands, mainly through targeted mobile advertising. Do the numbers stack up? Taptica’s sales have risen from $20.3m in 2011 to $125.9m in 2016, giving a compound average annual growth rate of 44%. Net profit growth has broadly matched this, rising by a CAGR of 42% over the same period (although the figures for 2011-2013 are pro forma, as Taptica only floated in London in 2014). The firm’s 2016 results were certainly impressive, as Paul Scott commented at the time. Revenue rose by 66% to $125.9m, while gross profit rose by 118% to $46m, thanks to an improvement in gross margin from 27.8% to 36.5%. Taptica ended last year with net cash of $21.5m, despite spending a total of $16.5m on acquisitions, share buybacks and dividends. This is clearly a cash generative business and I’d expect this to continue. In my view, the group’s data-driven marketing approach is likely to become more effective and efficient at larger scale. Scope for re-rating? The market appears to remain sceptical about Taptica, probably because it’s an overseas company listed on AIM. The only time Taptica’s share price climbs is following a broker upgrade and/or a strong set of results. To highlight this I’ve placed the chart for the last year above the broker forecast trend for the same period: 5937c99579acdT3.png Despite this, the shares have enjoyed a significant re-rating over the last year. The consensus earnings forecast for 2017 has risen by 110% since June 2016, from 12.7 pence to 26.7 pence per share. Over the same period, the share price has risen by about 280%. So we can see that Taptica’s 2017 forecast P/E ratio has risen from 6.2 to 11.3 over the last year. As Taptica reports in US dollars, the precise level of re-rating may have been affected by the depreciation of the pound. But the trend is unmistakeable. Affordable growth? With a StockRank of 96 and a StockRank Style of Super Stock, the omens are good. However, Taptica’s strong growth last year means that the ValueRank, which uses trailing figures, is a relatively weak 53. That’s not necessarily a problem, as the group’s trailing valuation figures are still relatively appealing: 5937c9aa0ff43T4.png The highlights for me are Taptica’s trailing price/free cash flow ratio of 12.5 and its earnings yield (EBIT/EV) of 9.2%. These two figures alone suggest decent value to me. After all, inverting the P/FCF ratio gives a free cash flow yield of 8%. That represents money which can safely be returned to shareholders or used to invest in growth. Taptica’s high price/book ratio doesn’t concern me, as this is a business built on people and intellectual property. Its value lies in the earning power of the complete package. Overall, I’ve no concerns about Taptica’s value scores, given its current growth rate. Top quality Taptica’s QualityRank of 99 suggest a near-perfect set of figures. The reality certainly looks promising: 5937c9b743460T5.png I think it’s worth noting that the six-year average return on capital employed (ROCE) is probably being skewed by the presence of pre-IPO figures in the Stockopedia data: 5937c9c253b23T6.png Did Taptica really generate a ROCE of 1,215% in 2013? It seems unlikely. However, the group’s post-IPO average ROCE of 20.9% is far more credible and still very high. All the other figures in the QualityRank calculation seem fine to me. One particular attraction is the Piotroski F-Score of 9/9, which confirms the wholesale improvement in the company’s performance seen in 2016: 5937c9cc7bdd2T8.png The F-Score is a great way to get a snapshot of a company’s financial health and recent performance, in my opinion. It’s also heavily weighted in the QualityRank calculation, so high quality stocks usually have high F-Scores. Does Taptica still have momentum? Taptica’s habit of only making gains after a positive update hasn’t prevented the stock from earning a MomentumRank of 91. Price momentum factors are particularly strong, as the screenshot below shows: 5937c9daf3381T9.png Looking ahead, earnings per share are expected to rise by 30% to $0.34 this year, putting the stock on a fairly undemanding forecast P/E of 11.3. The dividend payout is expected to rise by 65% to 7.1 cents or 5.5p. This should give a more attractive 1.8% yield, while still maintaining dividend cover of about 4.8x. Although stingy, this payout ratio should mean that Taptica will still have the firepower needed to make acquisitions or buyback shares without using debt. My verdict: I can’t see any obstacles to further growth for Taptica. The valuation looks reasonable and the firm’s financial performance seems excellent. I’m going to add Taptica to the SIF portfolio this week. I’ll also buy for my own portfolio after this article has been published.
runthejoules: SHARES mag recommends: The deployment of a $50m acquisition war chest at mobile advertising platform Taptica (TAP:AIM) could prompt near 30% upgrades to earnings forecasts if it manages to make good acquisitions, according to investment bank Berenberg. This would provide another leg to the growth story and help drive further momentum in a share price which is already up more than 450% in the last 18 months. WHAT DOES THE COMPANY DO? Taptica is a ‘user acquisition platform’ which focuses on mobile and social media. In plain English this means it helps clients to run more effective advertising campaigns through a platform which helps target ads appropriately. The ultimate aim is to help convert mobile website, social media and app user traffic into paying customers. The company operates a performance-based marketing model and therefore gets a slice of the user revenue it helps drive for its customers. Its platform is used by top global brands including Amazon, Facebook, Twitter, Starbucks, Uber and Samsung. Historically Shares was sceptical on the story after a big crash for the ad-tech space in 2015 driven by fears over fraudulent online ads and ad-blocking technology. The company’s track record in the interim has led us to change our minds and although we have missed out on some big gains we still see merit in buying at the current price. We are particularly reassured by the fact earnings are increasingly backed by cash. In the first half of 2017 adjusted earnings before interest, tax, depreciation was up more than 40% year-on-year at $13.1m while cash flow more than trebled to $13.7m. STRENGTHENED BALANCE SHEET Taptica recently raised $30m to bolster its balance sheet (15 Jan) and Berenberg analysts comment: ‘Our scenario analysis indicates that if Taptica deploys its balance sheet firepower over the coming year, there could be 20% to 29% upside to our 2018-20 earnings per share estimates.’ A 2018 price-to-earnings ratio of less than 15 times based on Berenberg’s existing forecasts does not look too demanding. Deals are likely to be used to accelerate expansion in key markets including Europe and Asia Pacific as well as to plug technological gaps. There are risks attached to the story, nonetheless. A focus on M&A brings integration risk although we note its recent track record of finding quality businesses is good, as illustrated by the fact its Tremor Video DSP acquisition from August 2017 is proving to be a particularly good deal. Investors should also be wary of any future regulatory changes to the way online ads are bought or sold. Taptica pays a small dividend, yielding approximately 1%. You’re really buying the shares for capital growth. (TS)
simso: TAP is now my largest holding, and I believe the Share Price will be much higher in a year's time than it is today, driven by earnings upgrades for 2018 from three sources:- 1) The EBITDA Forecast for 2018 of $38m was not upgraded despite the significant beat for 2017, which is now expected by Finncap at $33m. I think the benefits of having Tremor and Addinovation for a Full Year in 2018 compared to part year in 2017 will be more than enough to bridge from $33m in 2017 to $38m in 2018 in its own right. 2) Organic Growth: The strong trend of increased underlying business looks certain to continue, and global reach improved. Further benefits from new Offices opened (eg London). 3) With a $25m freshly raised cash and a proven record, I think earnings enhancing aquisitions are inevitable. I would also back Hagai to further improve those businesses profitability once acquired, as he has done already with last year's acquisitions. However, I am steeled for some shorter term volatility, and also some potential selling pressure, from two sources:- 1) The Placing was "oversubscribed" in theory...but in reality subscribers (including me) got almaost all they asked for. The problem when subscribing for a Placing via a Bookbuild is that you never know in advance whether it will be one like an IQE where you only get a tiny fraction, or one like this when your order is largelly filled. I am sure the big Inst's hedge their bets and ask for more than they really want to partly compensate a potential scale back, and would sell some down if it is more fully subscribed. A poster commented last week on here that he had heard of a big US Fund who was selling for that reason, and I had also heard that same story. 2) The Shareholding of Smart and Simple (Mr Ehad Levy). From some initial research, I believe Mr Levy is an Entreprenuer and Investor in many Tech businesses, and is not a Board member of Tap. Remember that S&S sold 10.25m shares via a secondary placing @385p in July 17, leaving them with 6.6m. They have just sold a further 2m of these in the placing last week. The Placing document last week referred to their ideally wanting to sell the remaining 4.6m "subject to sufficient demand, to sell the remainder of its stake (the "Smart & Simple Sale Shares". Clearly the Demand in the Placing was not sufficient to take out the remainder of S&S stake. While they cannot now sell for a further 90 days, we effectively have an "overhang"..a seller who owns 7% of TAP has signalled a clear intention that he would like to sell and would presumably be willing to accept 450p. I am half expecting some short term weakness, but also feel very confident we will be in a much better place with a 6-12 month view.
rivaldo: TAP have consistently quoted adjusted EBITDA as their key trading measure in past RNS's, with no mention of PBT. This has not been a problem in the past AFAICS, and there's no reason to suppose it will be in the future - TAP are simply being consistent. Revenues may be just a touch behind expectations, but it's surely preferable that margins have therefore been much higher and that TAP don't go chasing lower margin business. Good luck martin, but I suspect this share price has a long way to go yet :o))
mr doughnut1: Last weeks IC - Taptica appeared second in a list of 'low risk momentum' stocks. The screening criteria included: Strong revenue momentum - 20 percent one year increase - TAP 27.3% Strong earnings momentum - 10 percent 1 year increase - TAP 71 % Making cash - average operating cash conversion of at least 100 % in the last 3 years Not too expensive - PE multiples less than 20 times - TAP 11.5 Share price justified by earnings growth - price-to-earnings growth ratio of 1 or lower - TAP 0.3 (Source Bloomberg) The article outlined that in the event of a market crash ' strong revenue, earnings and cash flow' could support a company through times of turbulence. TAP ticked all the boxes meaning that a crash shouldn't have too much impact on the long term investment case.
deltrotter: nurdin - 15 Nov 2017 - 17:20:36 - 2679 of 2877 Taptica - TAP Got a nice email reply from Yaniv Carmi,Group CFO,basically saying there is no change in their business outlook and if there were, they would be obliged to inform the market They are also monitoring the share price and will take action should it become necessary.He also commented that, throughout their history they have noted strong movements in the share price in both directions and have not considered it necessary to make a statement. Fair enough.
mount teide: Some thoughts and observations on Old Mutual's short position, in the week that has seen the share price rocket by 24% since Old Mutual reported it had increased to 0.96%: It first reached a reportable size(0.5%) on/close to the 11th Sept @0.58% and increased to 0.96% via notifications over the next 11 days. Assuming: The initial position was probably built up in the 430p to 370p share price range - lets assume an average of 400p for the first 0.58% The next 0.14% increase was @ circa 385p And the final 0.24% increase @ circa 350p This would give an overall average of circa 385p for a total position of circa 590,000 shares. Now we know on results day the share price rallied quickly and then largely stayed at the 380p area where a high transaction volume occurred - circa 1.5m; and that some very large individual transactions totalling nearly 600,000 shares transacted at circa 380p were quietly slipped into the reporting system some 2 days later after hours(how the Market Regulators/ Current Rules can let MM's get away with this chicanery is a disgrace for any market which claims to be regulated and providing all investors with a level playing field). This would have enabled Old Mutual to have exited much of the 0.38% of combined positions taken out at an average of circa 362p and a decent chunk of the position taken out at 400p, at/close to break even. Leaving around 0.35% taken out at an average of 400p to be bought back - some could have been bought back over the next few days at around 380p with the remainder at prices up to 407p without Old Mutual sustaining a loss of any kind on its total position. That nearly 140k were bought via two transactions late Friday afternoon at the full and highest offer price of the day, suggests someone may have agreed with a MM/s to buy at this volume and price beforehand, enabling the MM's to walk the price up to this level on low volume (the share price reached 407p offer on Friday on just circa 90k of volume - but finished the day with 392k of reported volume). So post the results, its suggests we may have had the shorters closing out to thank for some of the rapid recovery in share-price from 330p to 405p last week. If this is the case, why has there been no change in Old Mutual's short position notified to the market? (bearing in mind that at least circa 400,000 of the total stock on loan according to Euroclear's latest report were held by those with positions below the notifiable threshold of 0.5%) Observation of shorts closing out in other companies in recent years suggest many II's and hedge funds shamelessly use every trick in the book and some that aren't, to leave notification of any reduction in an existing short position 'investment' that is starting to go against them until they are dragged kicking and screaming to report it. Scandalously, there are many examples of II's and hedge funds accepting a small fine and slap on the wrist as a more than acceptable penalty for failing to comply chapter and verse with the rules for reporting notifiable positions - since once they start reporting the closing out of a position going strongly against them(fast rising price) it risks a massive squeeze by momentum trading sharks always on the lookout for any scent of blood in the water to start a feeding frenzy. AIMHO/DYOR
zach9: I am staggered by so many people on this board, searching for obscure reasons for the dramatic share price fall. It is blatantly obvious, the only people that can manipulate a share price, are Market Makers. There has been no stated change in the Companies position, therefore, this is pure manipulation. Take late last evening a 30,000 buy @350p, first thing this morning on 3000 shares traded (buys & sells) the share price was marked down 7.5p, although to add to the incompetence of TAPs MMs the spread remained at 330p-350p. Sadly, I can see this share wallow around the low 300p region for some time, I also do not discount the first number starting with a 2. Hope I am wrong.
mad foetus: To be frank, I have never understood the share price here. I've never seems a share price so reluctant to move for such long periods or where the price seems out of kilter with the apparent public mood. I know the price has trebled over the last year, but it has seemed to do so reluctantly, if that makes sense. I can't see why forward looking prospects might be negative in any way: there may be bedding down from the Telaria acquisition, but the market is growing fast and I would have thought we will get bought out within a year or so. But I expected another pound in the share price by now and am genuinely baffled. Perhaps it is a warning to sell now!
dibbs: Interesting write up on TAP below, taken from III. Investec forecasting 21.1 cents for this year. I like the "Our 2017 forecasts are unchanged though now look conservative," admits Liechti" Plenty of room for upgrades if momentum continues to build further. Very happy to be holding here with very good scope for the share price to appreciate further over the coming months. It's a big day for Taptica (TAP). Floated on AIM in 2014, the Israeli firm is back above its IPO price for the first time in 18 months. Demand is driven by blockbuster first half results and a special dividend, with bosses bullish on prospects for the full-year. No wonder the shares surged by 29% Wednesday. Taptica's clever software allows advertisers like Amazon (AMZN), Disney (DIS), Facebook (FB) and Twitter (TWTR) reach the right market via mobile devices. This work helped revenue increase by 53% to $51.8 million (£39.6 million) in the six months ended 30 June. That swelled adjusted cash profit to $9.2 million from $2.8 million a year ago, and pre-tax profit sixfold to $6.85 million, giving bosses confidence to pay a one-off dividend of 5.79 cents, or 4.4p a share. We'd been told back in July that business had been better than expected, largely due to surprisingly high margins on campaigns run for clients. Gross margin rose from 26.4% to 34.4% in the six months, and chief executive Hagai Tal tells Interactive Investor he's "comfortable" to say Taptica will achieve "at least what we did in the first six months". Steve Liechti, an analyst at Investec Securities, keeps sales estimates for this year unchanged at $111 million, up from $75.8 million in 2015. But he thinks Taptica will more than double cash profit to $18.4 million, up from his previous estimate of $17.7 million, and grow underlying earnings per share from 8 cents to 21.1 cents. He'd pencilled in 20.2 cents before. "Our 2017 forecasts are unchanged though now look conservative," admits Liechti. Taptica's first half certainly vindicates a decision to target mobile advertising rather than the web, a move aided by the $17 million acquisition of AreaOne in September last year. Mobile business now accounts for 79% of revenues versus 51% in the first half of 2015. It's been a long slog, however, and the share price slumped by two-thirds last summer after the firm, then known as Marimedia, warned its decision to shift emphasis from the display business would damage revenue. "As we went into mobile, we were strong, but focusing on Tier One clients took time," Hagai Tal explained to Interactive Investor. "We've now proved ourselves and it’s easier to attract new advertisers." That includes giant US retailers, which are increasingly focused on mobile ads. "The whole market is growing, and this is just beginning," reckons Hagai Tal. "They haven’t moved all their budget yet, but understand they need to engage with potential customers on mobile. Once they see the light, they start to shift their business." Marimedia floated in May 2014, raising £29.8 million via a placing at 153p. Two months later it bought the Taptica business whose name it took the following year. After hitting a low of 57p last summer, the share price has soared from just 63p in June to a high of 165p Wednesday, a gain of 162%. At that level, the shares trade on a forward price/earnings (PE) ratio of 10.2 times, dropping to single digits based on 2017 estimates. That doesn’t sound expensive, and it's not, but the market has been reluctant to rate Taptica more highly given its track record, preferring instead to see how the transition to mobile goes. It's gone well so far, and investors are clearly happy to pay much more for the shares. As that track record improves, so too should the rating. Investec has raised its price target to 160p based on today's results, but clearly there is room for further upside if the second half goes as well as Taptica predicts. As Investec says, their forecasts could be conservative. This is an exciting business, but at these elevated levels is a 'buy on the dips' for brave investors only.
Taptica share price data is direct from the London Stock Exchange
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