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
  -1.50p -1.06% 140.00p 179,202 16:35:18
Bid Price Offer Price High Price Low Price Open Price
140.00p 143.00p 141.50p 141.50p 141.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 217.11 21.30 25.73 5.4 180.3

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Date Time Title Posts
23/5/201920:10TAP TAP TAP 904
25/7/201717:02Taptica International Ltd182
04/2/201708:04TAP Oil A re-birth for the man who led Salamander Petroleum-
24/5/201223:35ADVANTAGE PROPERT INCOME TRUST yld15.6%645

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Taptica (TAP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-05-23 16:23:26140.323,0174,233.42O
2019-05-23 16:05:58140.00200280.00O
2019-05-23 15:35:18140.005,3477,485.80UT
2019-05-23 15:29:09143.0021,15030,244.50O
2019-05-23 15:28:57140.002,0002,800.00O
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Taptica (TAP) Top Chat Posts

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 141.50p.
Taptica International Ltd has a 4 week average price of 129p and a 12 week average price of 129p.
The 1 year high share price is 397.50p while the 1 year low share price is currently 129p.
There are currently 128,754,652 shares in issue and the average daily traded volume is 545,805 shares. The market capitalisation of Taptica International Ltd is £180,256,512.80.
jonc: Nothing that is said on these boards has any effect on the TAP share price.
the abbot: Is It Time To Consider Buying Taptica International Ltd (LON:TAP)? Taptica International Ltd (LON:TAP), which is in the media business, and is based in Israel, received a lot of attention from a substantial price movement on the AIM over the last few months, increasing to £2.35 at one point, and dropping to the lows of £1.36. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Taptica International’s current trading price of £1.36 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Taptica International’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. What’s the opportunity in Taptica International? Good news, investors! Taptica International is still a bargain right now. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 5.45x is currently well-below the industry average of 22.2x, meaning that it is trading at a cheaper price relative to its peers. What’s more interesting is that, Taptica International’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market. Can we expect growth from Taptica International? Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Though in the case of Taptica International, it is expected to deliver a relatively unexciting earnings growth of 9.1%, which doesn’t help build up its investment thesis. Growth doesn’t appear to be a main reason for a buy decision for the company, at least in the near term. What this means for you: Are you a shareholder? Even though growth is relatively muted, since TAP is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. However, there are also other factors such as capital structure to consider, which could explain the current undervaluation. Are you a potential investor? If you’ve been keeping an eye on TAP for a while, now might be the time to enter the stock. Its future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy TAP. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed investment decision.
jonc2c: Interesting outcome. If you want to join the Sikh and rocket club then this is a massive conspiracy whereby the company uses up all its cash by enriching the founder, who is Ofer druker’s mate, before a string of profit warnings. At the same time no cash left to support further buy backs as the share price continues to drop. If this comes to pass, Mr Weller would be locked up and he is not that stupid. More likely, having determined the clearing price, I bet the big shareholders and finncap debated whether it was better for them or the company to purchase and I guess they agreed a 60/40 ratio to be fair, albeit I bet they intended 70/30 hence the scramble for the residual settlement cash. This gives the ii’s carte Blanche to mop up unrestricted amounts as the company trades going forward. One of the strange anomalies here is that simple corporate finance maths says that fewer shares generating the same profits means a higher share price and a higher market cap given the return on equity vs the return of cash. Perversely the placing has decimated the theory so we have a lower share price with fewer shares and a much reduced market cap and further away by being picked up by Aim100 trackers (£220m). What this says to me, is that unless unless underlying trading has fallen off a cliff, which is the opposite of every RNS, then we are due a very sharp bounce when the short term trading impact has settled down. A good example is GVC, which got hammered on its directors placing but has since bounced 25pc in a month
sikhthetech: 1gw, I hope you're not pumping/dumping this, didn't you sell some rthm a week after posting a really confidence boosting post about them... Did rthm deliver in the end? Is TAP still one of your top 2 holdings... Based on today's 180p, what would be the eq rthm share price . around 150p, eh.. ;-) sikhthetech - 27 Apr 2018 - 20:31:17 - 7220 of 10009 RHYTHMONE - new Name, new Beginning??? - RTHM ONE week ago... well written post... Last Fri share price closed 210p today share price closed 220p up 10p or around 4%... and just 1 month before the results... I'm sure not many posters would post such resounding confidence and then ONE week later, when share price has hardly moved and no news, sell some. Didn't you believe your own optimism? 1gw - 19 Apr 2018 - 22:52:23 - 13673 of 13807 RhythmOne - 2016 a new beginning - RTHM Fleshed out optimism then. They have basically delivered over the last 2 years in my opinion. If you look at the trends they are exciting, albeit starting from a low base. If I have the numbers right, some key metrics are: Revenues: FY16 $167m FY17 $175m (including discontinued ops) FY18 $255m Adjusted EBITDA: FY16 -$10m FY17 +$1m FY18 +$14m Profit/Loss: FY16 -$92m FY17 -$19m FY18 -$?m {-$8m in 1H) Cash from operations: FY16 -$6m (Net cash used in operating activities) FY17 -$6m FY18 +$7m (corrected) If I then look at the specific "guidance" for FY18, a year ago, before RadiumOne and YuMe, they pointed to the "consensus" estimates of $220m revenue and $15.1m adjusted EBITDA. Revenue guidance Radium One did $20m in financial 2Q, so maybe $40m in 3Q+4Q, $60m for FY18. YuMe was doing around $40m/quarter, so maybe $25m in Feb-Mar So adding $220m+$60m+25m, you get to about $305m Even allowing for some closing down of "non-core" in RadiumOne and YuMe it seems they've come in a bit light on revenue compared to the original consensus. Adjusted EBITDA guidance RadiumOne was originally expected to be adj EBITDA neutral over the first 12 months, but then they said synergy delivery was behind schedule. So we can expect an adj EBITDA loss from RadiumOne in the FY18 numbers. YuMe was adjusted EBITDA profitable, so this would help to offset the RadiumOne loss. It seems to me they must have come close to guidance (adjusted for acquisitions) on adjusted EBITDA Plus they've done 2 major acquisitions in the year. So light on revenue, close on adjusted EBITDA and 2 acquisitions. But the acquisitions give them scale, so the revenue miss is outweighed (I would say) by the acquired revenue and improved profitability going forward. So I'd say a resounding success for FY18. Sort of guided, came reasonably close to guidance and also delivered 2 big acquisitions which vastly increase scale. Then on cash, they're actually significantly operating cashflow positive it appears, which would be a huge change and testament (so far) to the logic of the scale-giving acquisitions. But the real reason for optimism is the actual guidance for FY19. No longer just pointing to consensus but stating that they believe they "are well-positioned to deliver a further strong performance in FY2019 - fully in line with current consensus estimates in market" And as others have posted market estimates (Whitman Howard, Numis) are mouth-watering. And all that against the background of a huge sell off in the share price over the last year - which must have left many shareholders fearing that the TU would reveal an obvious (in hindsight) reason for the sell off. How's that for considered optimism? .No advice intended of course and please do your own research. 1gw - 27 Apr 2018 - 15:19:12 - 13805 of 16477 RhythmOne - 2016 a new beginning - RTHM I've taken some off the table at just over 2.20, selling the number that I bought on 9th April at 1.62. That gives me a good profit on that purchase or is about breakeven on the weighted average price of the 3 purchases I've made since the merger completed. Brings my R1 holding down a bit but still one of my top 2 holdings.
momewrath1: Sikhy, I actually think Rhythm have done really well - so sixth sense tells me( which hasn't let me down yet). They just don't want it shouting from the rooftops pre merger as there is nothing to gain! Tap share price will start moving up nicely in the next few months with the anticipated success of the Tremor/Yume link up IMO. I'm not ramping this share...I genuinely think it may well be a good investment opportunity in the medium term. I'm sure people will do their own research. I'd be very unhappy for people to lose money here and hope post merger the new enterprise goes from strength to strength... obviously, as I do hold a new position in both Taptica and 1R.
masurenguy: Tim Weller, Non-executive Chairman of Taptica, commented: "2018 was another year of continued progress for Taptica, during which we successfully executed on our strategy to deliver higher-margin revenues and broaden our blue-chip client base internationally. What is particularly pleasing is the performance of the Company's brand advertising platform, Tremor Video DSP, which has reported a significant improvement in earnings for the year. Tremor is an excellent example of the Company's ability to acquire and integrate businesses and therefore realising significant operating efficiencies in order to improve performance. Having delivered three consecutive years of outperformance, the board has been disappointed with the recent share price weakness, which has been largely driven by a series of events outside of the Company's control. This, coupled with the board having to pause the November share buy-back, has generated further downward pressure on the share price, and we appreciate it will take time to rebuild that trust with investors. We are however confident that the Company will strive to deliver further outperformance, continue the agility that we have shown in adapting to the shifts in market dynamics and gain more confidence with investors as we improve our financial performance. The outlook for the Company remains positive with Taptica continuing to benefit from the global shift in advertising spend away from traditional advertising methods and towards specialist data-driven technology providers and digital video. Taptica expects the growth of subscription-based video and over-the-top media services ("OTT") to continue. Connected TV ("CTV") is becoming one of the main delivery points for OTT content and is expected to grow as audiences continue to embrace digital streaming over multiple devices. The proposed merger with RhythmOne has the potential to open up the required quality of advertising supply to the Taptica performance-based division, as well as to create one of the foremost video advertising companies in the US, with the scale to take advantage of the global trend towards CTV and OTT. The proposed transaction is due to be completed in April, and we look forward to providing an update in due course."
football: Seems that both companies with Tosca and anyone else at as power to influence the deal wants it to go through. Apart from a few executives getting some chunky rewards it's not about the price of the shares but the share ratio between the companies went the deal go through. Therefore if they are going to embark on a share buyback why would you want the share price to rise as you will be buying a smaller part of the company with the allotted money, surely it's better to manipulate or let the share price fall for larger returns on institutions buying in and for the company wanting to do a share buyback. Still not nice watching share price drift downwards but it's not where the share price is tomorrow or next week, but it's what the share price is in three months time that most investors here are looking forward to after the deal has gone through and hopefully the share buyback along with results/TU have been announced. gla
dl6789: I have never seen a BB where people's opinions are as volatile as the share price. Go back a few weeks when the share price was 220p+ and people were raving that this is going to £4+ and now it is all doom and gloom. As far as I am concerned, there have been no new surprises. A slowdown in revenues for 2019 was always likely (Tap isn't unique in this regard, just look at a handful of the latest US tech company updates). Does this warrant a 50%+ drop in the share price prior to the nonsense with the CEO? I'm not so sure. Tap has a forecast rolling PE of 4.12 (far below the range for 2018 of 6.9 - 24.8) and a PEG of 0.63 (anything below 1 indicates growth at a reasonable price). And now the board are not to be trusted? If I recall, people were saying the same thing when they stopped the buyback and accusations were flying around that there was no real acquisition target, but that turned out to be true. Instead, I prefer to focus on the facts and ignore the noise: mobile advertising is not going anywhere, they still have a large cash balance, no large institutions are selling in significant numbers etc.
thomshrike: A summary of the current situation: • The company clearly disclosed to be negotiating a potential acquisition. People are demanding further information as if there are no confidentiality issues involved. People are demanding speed as if priority is not to thoroughly discuss the terms and do proper due diligence. • People are making judgements on the acquisition without having yet being informed of its strategic fit. A share buyback might be the best alternative here, but you cannot really know until you get detailed information of the potential target. • People assume that the share price decline has to be related to company wrongdoing, when there is no evidence whatsoever that that is the case. Many other possible reasons could be pointed out, e.g. potential arbitrage between TAP and any listed company seen as a potential target. Or just unjustified panic and the triggering of stop-loss orders driven by negative momentum. • GDPR concerns are valid, but are widely known to have been more than fully discounted on the share price. Note that recent news have not impacted other peers in recent days. And ultimately the stock is trading at an outrageous 35%-50% FCF yield. • Risk/reward looks very attractive to be long here. The next data point will be the announcement of the acquisition or lack thereof. If the acquisition is closed, given recent pressure on the board, I would expect the company to present attractive profit growth targets. If not, then the share price buyback would start right away. Uncertainty will fade anyway. Ultimately the next data point should be supportive for the share price. All IMO. DYOR.
jonbirdy: Nico: The current malaise began with the former CEO being found liable in a civil case (not criminal) in America for misrepresenting info when he sold a company he owned. This risk to TAP share holders was disclosed by TAP in the AIM admissions document, so not something TAP had sought to hide. The CEO resigned and the share price dived as people saw ‘fraud’ and Israeli tech firms don’t have the best reputation anyway. TAP announced a share buy back up to $10million, but then bought peanuts. They then suspended the buyback as they announced this potential acquisition instead. This view from Graham Neary in yesterday’s Stockopedia small cap report maybe sums things up well regarding the current negative sentiment. “If I held these shares, I would want the buyback to proceed at this share price. According to Stocko, it is trading at a P/E ratio of 4.4x and an EV/EBITDA ratio of 3x. If these numbers are real, it is a no-brainer to invest in its own shares rather than buy a new company at (presumably) a much higher valuation.” “I view the suspension of the company's share buyback program as an amber flag and a bad decision for shareholders. The market is saying Taptica is a broken business and is refusing to pay a reasonable price for its shares, and Taptica itself is doing the same. The implication is clear enough.”
Taptica share price data is direct from the London Stock Exchange
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