Our new website is coming soon, give it a try now and let us have your feedback. Take me to the Beta



Register
Login:
Share:
Email Facebook Twitter


TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Matomy Media Share Chat (MTMY)



Share Price: 3.50Bid: 3.30Ask: 4.00Change: -0.15 (-4.11%)Faller - Matomy Media
Spread: 0.70Spread as %: 21.21%Open: 3.50High: 3.50Low: 3.50Yesterday’s Close: 3.65


Share Discussion for Matomy Media


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

FundPanda
Posts: 18
Opinion:No Opinion
Price:3.55
RE: Ouch
Tue 12:24
Rainmaker is just the management of Team Internet, so I find it deeply suspicious that a company that wants to buy itself issued a vague warning about a possible profit warning. Their alexa ranking suggests that their traffic is much higher than this time last year, and the RNS even says they don't know if there will be a negative impact. I think Rainmaker are just angling for a cheaper price, but for what purpose? Matomy are not obligated to accept a lower price. They are only obligated to accept $36 million (very cheap) because they didn't pay for the final 10%. I find some solace in the fact that Matomy called a meeting with the bondholders for tomorrow to suggest alternative options, hopefully meaning that they aren't planning to accept any derisory offer.

"If they don't sell to rainmaker win win?if they sell then one has to look at the income from this year to be added to the value"

wongtogo, I think this is correct. If Rainmaker don't want to pay then Matomy don't need to pay either. If Rainmaker do buy then surely they can't keep all the income from this year after so many delays.
 
FundPanda
Posts: 18
Opinion:No Opinion
Price:3.55
RE: Are
Tue 12:12
An encouraging factor is that the directors at Matomy are mainly from the major shareholders: the CEO Sami Totah is from Viola Growth, Amir Efrati is from Brosh Capital, Stephane Estryn is from Publicis, so I am pretty confident they are not in cahoots with Rainmaker. Being well motivated doesn't necessarily make them competent though.
wongtogo
Posts: 1,074
Premium Chat Member
Opinion:No Opinion
Price:3.11
RE: Are
Thu 18:37
This type of bussiness all people move within the very small circle.
pumpky
Posts: 6,785
Opinion:No Opinion
Price:3.00
Are
Thu 14:44
Any of the directors "related"to Rainbow?
wongtogo
Posts: 1,074
Premium Chat Member
Opinion:No Opinion
Price:3.00
RE: Ouch
Thu 13:33
This is a well timed RNS but the real position is that this occurred many times this year and last? compliance is a tricky thing one day your not compliant the next you are, the other fact if you go back to last year of the top of my head there were revenues lost due to the same reason which added up to a very big chunk 20% give or take which the company says were waiting for them to become compliant again it seems no update on that position funny that, imho the whole thing is a tangled web, and either matomy is stalling for time or it was all about stripping the company of all the assets your guess is a good as mine. If they don't sell to rainmaker win win?if they sell then one has to look at the income from this year to be added to the value
iknowverylittle
Posts: 485
Opinion:No Opinion
Price:3.50
RE: Ouch
Thu 13:00
Dear oh dear oh dear.
Allthatglitters
Posts: 3,101
Premium Chat Member
Opinion:No Opinion
Price:3.00
Ouch
Thu 12:58
Derisory offer incoming.
Ironic
Posts: 16,963
Opinion:No Opinion
Price:5.50
RE: News Monday?
10 Jun '19
The news is at that huge discount they might not even be interested ... THERE IS NO CERTAINTY THAT SUCH NEGOTIATIONS WILL RESULT IN A BINDING AGREEMENT OR THAT SUCH AGREEMENT WOULD BE CONCLUDED
FundPanda
Posts: 18
Opinion:No Opinion
Price:5.50
RE: News Monday?
10 Jun '19
The news is that the news is delayed to the 30th of June.
itisagame
Posts: 1,786
Premium Chat Member
Opinion:No Opinion
Price:5.70
News Monday?
4 Jun '19
I’m Just watching and have no position here at the moment but I was wondering how next week will go.

“the Company hereby announces that the Purchaser has exercised its right to extend the due diligence period by additional 30 days (i.e. until June 10, 2019). ”
FundPanda
Posts: 18
Opinion:No Opinion
Price:5.50
RE: Bonds plus intrest
9 May '19
By the way, to calculate the bond interest, the interest rate is 6%, half is repayable in December 2020 and half in December 2021. So for the principal of $28m, ($14m*1.06*1.06)+($14m*1.06*1.06*1.06)-$28m = interest of $4.4m.

So even if Matomy had to pay interest, which I don't think they will, there would still be a $3.6m surplus from the sale to Team Internet.
FundPanda
Posts: 18
Opinion:No Opinion
Price:5.52
RE: Bonds plus intrest
7 May '19
Ironic, you are quite right. However most of the text in the annual report is copied from the 2018 financial report from the 1st of April. This was released before the RNS of the 8th of April which clarified that the bondholders would not be be paid interest, so I think it is just a mistake. If you look at what the bondholders actually voted for, (which is available on TASE), you can see that they voted for repayment without interest. I agree that the annual report is a source of confusion though.
Ironic
Posts: 16,963
Opinion:No Opinion
Price:5.52
RE: Bonds plus intrest
7 May '19
Fundpanda I refer to your Wednesday 11:41 post where you state the Bond holders are not taking the intrest as well . The last RNS link is 100 pages of rubbish but in there it says bond payment plus intrest from Bonds .
FundPanda
Posts: 18
Opinion:No Opinion
Price:5.52
RE: Bonds plus intrest
7 May '19
Ironic, thanks for checking my assumptions. I think your assertions are incorrect though.

1) See the RNS on the 8th of April, "Letter to the Bond Trustee", which confirms that the bonds will be repaid at par value, so only NIS 101 million ($28 million).
2) The revolving credit line belongs to Team Internet and will stay with them post sale. The term loans that Matomy had were paid off in Q1. The liabilities of $1.8 million include paying interest on the bonds, which won't be required if Team Internet is sold.
3) I don't think a holding company has many bills to pay! In fact it is the opposite: in the annual report from the 30th they say they have recieved a further $250k from the sale of myDSP and a further $500k from the sale of Mobfox, so the cash balance is higher than previously reported.
wongtogo
Posts: 1,074
Premium Chat Member
Opinion:No Opinion
Price:5.52
RE: Bonds plus intrest
7 May '19
The spread says it all ? Took a big hit here and still have a few just in case my head got it wrong, and they will buy Ti in which case this would head north but something telling me deals done with large share holders and bond holders in agreement and small investors left out in the cold.
Ironic
Posts: 16,963
Opinion:No Opinion
Price:6.02
Bonds plus intrest
7 May '19
1) I read NIS 101 million plus intrest in that statement .
2) this was in there .....As of 31 December 2018, Matomy had $2.9 million in term loans. Of those, $1.8 million are due within one year. As of that date Matomy also had a revolving credit line amounting to $3.9 million.
3) theperiod was Dec31st ...so lots of bills since then .
Pants on fire !
wongtogo
Posts: 1,074
Premium Chat Member
Opinion:No Opinion
Price:6.02
RE: Cash value
6 May '19
The only good result here is to pay the extra 10% for TI and prevent this From becoming a shell company with little prospects of doing business with more to pay out than been said as for sale to be finalised on the 12 May complete fantasy but must admit now, that a along with the rest of MTMY this will be sold for a fraction of the real cost criminal if you ask me as the
Pi have paid for R&D and now been raped
FundPanda
Posts: 18
Opinion:No Opinion
Price:6.40
RE: Cash value
2 May '19
Also, the memorandum of understanding says that Matomy will get to keep a $3 million German tax refund due this year, so that takes the total cash balance to $18.5 million, way ahead of the £6 million market cap. I'm definitely in favour of the sale, which should complete by the 12th of May.
FundPanda
Posts: 18
Opinion:No Opinion
Price:6.50
Cash value
1 May '19
Looks like the market is realising the buyback by Team Internet is a good thing, despite the 40% discount. The bondholders voted for repayment at par value (i.e without interest), which will cost NIS 101 million ($28 million), leaving a surplus of $8 million for Matomy from the $36 million to be paid by Team Internet. Add to that the cash on hand at the beginning of April which was $7.5 million (see the annual results), and you have $15.5 million, a considerable surplus to the current shareprice.

Matomy has no debt other than the bonds, and the only liability is an empty office rental costing $2 million, which the company could hopefully sublease.

As many have already said, Matomy would be worth much more if it purchased the final 10% of Team Internet, but nobody seems willing to put up the cash to do so, so the buyback is the second best option.

Matomy hasn't said how they plan to distribute the $15.5 million, but the AGM on the 28th may be when they reveal their plans.
Adrianuk
Posts: 295
Opinion:No Opinion
Price:6.00
RE: RNS
29 Apr '19
Good news then. Shareholders are keen to buy the rest of Team Internet. Let's hope bond holders will agree this time. Long extension until 15th June.
Tabither09
Posts: 508
Opinion:No Opinion
Price:6.00
RE: RNS
29 Apr '19
It takes time to finalise everything
iknowverylittle
Posts: 485
Opinion:No Opinion
Price:6.40
RE: RNS
29 Apr '19
What a pathetic company this is.
wongtogo
Posts: 1,074
Premium Chat Member
Opinion:No Opinion
Price:6.40
RNS
29 Apr '19
again another extension this will pull the price back down wtf it seems clear no one knows whats going on here
Chrispye84
Posts: 532
Opinion:No Opinion
Price:5.15
RE: new offer
26 Apr '19
wherE?
adusiek
Posts: 2
Opinion:No Opinion
Price:5.10
new offer
26 Apr '19
finally new offer on the table




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk







Home  |  Contact Us  |  About Us  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy  |  Mobile Site  |  About this website design


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.