Ashley Mackenzie, chief executive of online video and marketing firm Rightster Group PLC (LON:RSTR) says the company is making “huge strides” towards profitability, and says the firm is making “good progress on the strategic move to launching our own owned and operated channel”. The company reported on Wednesday that current trading for 2016 is in line with expectations as it enters a new chapter following a major restructuring. Part of… Read More
Let's all hope it brings a change of fortune. Sadly it is yet another cost. I've been invested since the IPO in here for the long haul and hoping that the new management can make steady progress. I've always been aware of just how high risk this share is but I like the concept and I'm prepared to hold. A gamble that's for sure but as I'd virtually written off my investment an encouraging RNS provided me with a sliver of cheer. Gla
Read Stockdale's note on Rightster Group (RSTR), out this morning, by visiting www.research-tree.com … “Rightster has announced FY15 numbers modestly ahead of our expectations, suggesting that the new management team delivered a reasonable end to 2015. More importantly, there are some very positive signs of stabilisation despite significant cost reductions; Q1 2016 has seen continued (albeit unspecified) revenue growth, and delivered a much-reduced EBITDA loss (£0.9m for the… Read More
I thought the results were pretty good and show that the company is going in the right direction. Enough cash to survive for now. Shares at an all time low. Looks like the start of a recovery.
Been following Rightster on and off since it floated as I know one of the board of directors. Always had the impression in the early days that it was a bit too freewheeling but the current leadership team seem better.
Anyway, not betting the house on it but hoping the operating profit can be… Read More
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