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Yume also seemed to be profitable, had buy backs, special dividend, dividends before being sold to rthm... There haven't been any post rthm/Yume takeover
After the takeover Singer moved from Yume to rthm...rthm 'BoD resigned'..
Within months, rthm (inc Yume) there's talks regarding merging with TAP AT A MCAP LOWER THAN RTHM/YUME... so Singer's deal values rthm/Yume at less than when he sold Yume to rthm... Really...
There were 2 CFOs who 'resigned' from rthm within a space of 6 months, from Sept 2018 to Feb 2019...
https://investor.rhythmone.com/newsroom/2018/09/25/directorate-and-management-changes-092518
https://investor.rhythmone.com/newsroom/2019/02/04/directorate-and-management-changes_020419
Are any of the current rthm BoD joining the new TAP group?
Just months before the rthm/Yume deal was announced, Yume also announced a $10m buy back.
For fy2016, their results were:
Revenue: $160m (2015 $173m) ** rthm H1 Yume contribution $58m
Gross Margin 50% (2015 45%) ** rthm H1 margin 45%
Cash (and equivalents) $65.7m ** rthm H1 cash $22m
Their buy backs were around $3.61-$3.64..
https://www.businesswire.com/news/home/20170216006240/en/YuMe-Reports-Fourth-Quarter-Full-Year-2016
There was also a special divi of $1 a share, just before the rthm/Yume deal was announced...
Yume's last sp on Feb 1, before completion closed at $3.70. Compare that to the buy back prices!
https://finance.yahoo.com/quote/YUME/
Special Divi announcement:
https://www.businesswire.com/news/home/20170622005385/en/YuMe-Declares-Special-Dividend-Quarterly-Dividend
It’s only a matter of time!
LOL- I can almost hear the little wheels going around in STTs head..his eyes all over the Update.. scanning up and down, hoping to find SOMETHING that he can spin as a negative.
He normally is out by now!!???
Good results
o Ofer Druker, currently Executive Chairman of Tremor Video DSP, proposed to become CEO of the enlarged Group
· Taptica remains highly cash generative and the board is CONFIDENT in the overall outlook for the Group
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."
Full Year Audited 2018 Results Tue, 19th Mar 2019 07:00 RNS Number : 2276T Taptica International Ltd 19 March 2019 The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. 19 March 2019 Taptica International Ltd ("Taptica," the "Company" or the "Group") Full Year Audited 2018 Results
Taptica International Ltd (AIM: TAP), a global leader in advertising technologies for performance-based mobile marketing and brand advertising, announces its full year results for the year ended 31 December 2018.
Financial Highlights
· Earnings in line with management expectations and significantly ahead of guidance at the start of 2018
· Revenues up 31% to $276.9 million (2017: $210.9 million)
o Business remains highly cash generative with a strong balance sheet
o Sustained diversification of revenue streams with a focus on margin improvement
· Gross profit increased 38% to $111.4 million (2017: $80.6 million)
o Increase in gross margin to 40.25% (2017: 38.2%) resulting from increased efficiencies enabling campaign optimisation
· Adjusted EBITDA* increased 29% to $44.1 million (2017: $34.2 million)
· Reported EPS of 32.81 cents (2017: 22.49 cents) and Adjusted DPS of 52.36 cents (2017: 40.44 cents)
· Net cash inflow from operating activities of $37.5 million (2017: $30.8 million)
· Net Cash as at 31 December 2018 of $54.4 million** (31 December 2017: net debt of $4.0 million)
*Adjusted EBITDA is defined as earnings before interest, taxes, depreciation and amortisation, non-recurring income/expenses and share-based payment expenses.
** Net cash is defined as cash and cash equivalents less short and long-term interest-bearing debt including capital and finance leases
Operational Highlights
· Expanded global presence with extension of customer base
· Operating efficiencies achieved, in particular within Tremor Video DSP, resulting in improved margins and overall profitability
· Performance-based marketing (47% of total revenue): o Increased traction with existing household-name clients
o Added blue-chip customers including Bytedance, Yandex and Shein o China, India and UK territories performed particularly well
· Brand advertising (53% of total revenue): o Significant improvements in Tremor Video DSP operating and media buying efficiencies post-acquisition o Added new data partnerships and optimized existing ones
o Client wins include TJMaxx, Hertz and Chobani
Post-period End
· In February 2019, Taptica announced a recommended all-share merger with RhythmOne plc
o Combination of the two businesses expected to create one of the leading digital advertising companies in the US
o $15 million discretionary share buyback to commence immediately post-completion of the merger
o Ofer Druker, currently Executive Chairman of Tremor Video DSP, proposed to become CEO of the enlarged Group
· Taptica remains highly cash
Today looks very positive....and, they said that the outlook also positive.... .lets hope the up and coming merger with us is not going to spoile matters.....
Extract from todays Taptica finals...
Data regulation
The appropriate use of data came into the spotlight in 2018, with the introduction by the EU of the General Data Protection Regulation ("GDPR"). The way the performance-based marketing division utilises sensitive personal data focuses on how a user interacts with the particular advertisement that is shown. We do not use any tools that remain in mobile devices - such as cookies - nor do we collect data that is outside the context of the advertisement. Taptica does not misuse data, or collect or store sensitive personal data. In our Tremor Video division, we buy segmental data from reputable, regulatory-compliant third parties such as Nielsen, Oracle and IBM, as targeting particular audiences based on demographics is required by our customers in this division.
Don't let stt1's obsession with various 'bees in the bonnet' get on your nerves anyone...
Taptica with Tremor and R1 with Yume altogether must be able to do good business.
As for worrying first about GDPR and then transparency and any old court cases he can keep regurgitating - its all out of context or lacking in perspective and designed to muddy the waters and confuse people.
when you post something positive, mr low life I may debate with you,
Until then, as others have alluded to there is a big rock waiting, go crawl under it.
STT you are a disgusting and sick individual who is in urgent need of professional help. I am amazed that admin do not ban you from these boards. You have posted thousands of times and not one balanced comment. Get back under your rock.
Oooh STT- LOL did I touch a nerve there!! ? You sound agitated my boy.
Its quite rich coming from you that me or others don’t discuss things with you. The problem IS that you are very selective about what you want to discuss.
Give me ONE example, only ONE example amongst thousands of your negative posts where you have said or implied something positive about R1 !!! ??
I have personally asked you many questions in the past and YOU HAVE CHOSEN NOT TO SAY ANYTHING or YOU CHANGE THE SUBJECT completely !!.
I am glad you won’t answer any of my posts from now on… LOL ( You never really did).
it seems you don’t like to face certain truths.
Have an enjoyable evening !
Eddie
Rusty,
Here you go, discuss...
Industry move to fee transparency..
Telaria independently verified..
Rubicon removes buy side fees...
Telaria Is First Technology Platform to Confirm 100% Fee Transparency
- No arbitrage or hidden fees in any deal transaction
- Revenue sharing is calculated correctly for publishers
- Final sale price to bidders is calculated correctly
"For publishers, this means the publisher fee is based on a fixed contract and is not dependent in any way on the demand partner or demand activity level. The publisher sees the exact bid from the DSP, the clearing price, and Telaria’s publisher fee.
For buyers, it means 100% confidence in the way that Telaria runs auctions and determines bid prices— with no "adjustments." Telaria does not charge buyers any fees on top of the clearing price."
"While many advertising companies claim transparency, Telaria is the first and only to open its system to such scrutiny and achieve verification of its practices from a neutral, third-party firm."
https://www.businesswire.com/news/home/20180516005148/en/Telaria-Technology-Platform-Confirm-100-Fee-Transparency
Rubicon lost a huge chunk of revenue whilst making their fees more transparent...
"In November 2017, Rubicon Project announced that it is to drop its buy-side fees as part of its ongoing transparency drive with the impact of this move demonstrated in its previous quarterly results when revenue dropped 57%.
http://www.thedrum.com/news/2018/05/04/rubicon-project-tops-q1-expectations-despite-low-cost-model-declines
rthm/DataXu
https://adexchanger.com/online-advertising/rhythmone-dataxu-tussel-unpaid-bills-hidden-fees/
rthm/DataXu court action..
https://www.pacermonitor.com/public/case/22028832/RhythmOne_LLC_v_DataXu,_Inc
Rthm and fees:
Anyone heard anything more from rthm regarding fees???
"RHYTHMONE (INCLUDING YUME)
Does it charge buy-side fees or other nontransparent fees: No response."
https://adexchanger.com/platforms/rubicon-got-rid-buy-side-fees-else-charging/
with the industry move to fee transparency, how dependent are rthm on fees...
Rubicon revenue's dropped over 50% after they dropped buy side fees...
How much would rthm lose?
DISCUSS...
You are having a laugh !!!!!
Discussion. There is NO DISCUSSION,
Just perpetual negatives to suit " YOUR AGENDA " !!!!!
You never properly debate ANYTHING.
You spend your whole life looking for snippets to DISCREDIT RTHM1. No matter how small or irrelevent they are.
No better than "Gutter press" or low life scum.
In fact I wold say they probably havent got such a sour attitude as you.
I hope you get, "What you deserve in Life" whatever that may be.
STT , Your hatred towards this company is nothing short of disgraceful.
WHY ?
Eddie,
Your post:
""back up your repeated claims that GDPR has and is damaging R1.. ""
which, if you read my post, I answered..
Not for the 1st time, you've twisted any reply I give to suit your agenda...
You guys can never have a proper discussion, can you? Why's that?
Over a long time, I've provided company/industry stats/newsflow, industry challenges and red flags... It's up to individuals whether they wish to discuss or ignore them...
When things go wrong, you guys come back with 'it was expected'..... IN HINDSIGHT!!!
The sp is at 140p and Singer is selling the company to TAP on unfavourable terms...
Keep your head in the sand. I won't be replying to any more of your loaded, goading posts...
STD , are you saying that RTHM are damaged as a result of increased costs due to the introduction of GDPR.
Every company will have a very small additional cost due to GDPR , you do know this of course.
Why do the administrators of this board not remove your posts as a result of your hatred directed towards this company.
It is so blatantly obvious to everyone except them , perhaps they need reported for allowing this nonsense.
Scurrilous individual.
STT-
Nice try.. however you would see from my post last week ( IF YOU had bothered to read it properly) that I DID refer to R1’s exclaimer regarding possible costs for compliance with GDPR rules.
I did also say in the same post that words such as “COULD” or “MAY” result in significant costs etc. are SUBJECTIVE and open to interpretation. They don’t necessarily validate nor quantify any significant damage do they.
GDPR or indeed ANY new industry requirement or trend is something that effects ALL companies alike and paying to comply is part of an evolutionary process for the Industry as a whole going forward.
The truth is that You nor anyone else knows to what degree these costs have or will effect R1 in the future..
BUT As always, you are trying to put your own special SPIN on things to suit your questionable agenda and BLOW things out of proportion when it comes to R1.
Eddie
Any answer to my question below Stt? Or are you avoiding it?
Eddie,
"back up your repeated claims that GDPR has and is damaging R1.. "
I assumed you read and followed the company news... Do you not read the company newsflow then?
rthm 20-F filing..Mar 31, filed 31st July 2018, so soon after GDPR became effective.
"As a result, RhythmOne is subject to the GDPR when it provides its targeting services in Europe."
"Complying with any new regulatory requirements HAS resulted in increased costs"
Form 20-F RhythmOne plc For: Mar 31
"In particular, Europe's new General Data Protection Regulation ("GDPR") (which came into force in May 2018) extends the jurisdictional scope of European data protection law. As a result, RhythmOne IS subject to the GDPR when it provides its targeting services in Europe. The GDPR imposes stricter data protection requirements that may necessitate changes to RhythmOne's services and business practices. Potential penalties for non-compliance with the GDPR include administrative fines of up to 4% of annual worldwide turnover. Complying with any new regulatory requirements HAS RESULTED IN INCREASED COSTS and could force RhythmOne to incur further SUBSTANTIAL COSTS or require RhythmOne to change its business practices in a manner that REDUCE ITS REVENUE or compromise its ability to effectively pursue its growth strategy."
https://www.streetinsider.com/SEC+Filings/Form+20-F+RhythmOne+plc+For%3A+Mar+31/14454121.html
STT
Yes - You were also claiming that GDPR will be a huge issue regarding R1.
You didn’t answer when I asked you a few days ago for your hard independent evidence to back up your repeated claims that GDPR has and is damaging R1..
You always seem to go quiet when asked to produce Undisputed Hard EVIDENCE to back up your claims.
How many shares do you hold in RTHM and TAP Stt? Do you hold any?
1gw,
You've made various posts about one or another would be interested in buying rthm, it's impossible to keep up with what your latest speculation is...
Do you remember you suggested Tosca were possibly looking at merging rthm with Imimobile because Tosca were building at stake in both?
So if Telaria were going to buy bits of rthm, doesn't that prove my point questioning whether a full stack works?
It also backs up my point about industry moves to fewer DSPs/SSPs and moves to fee transparency... Maybe rthm are suffering because of these moves?
Have you noticed that rthm are trading around 1/3 this year's revenue forecast. Again, back up my point about Rocket Fuel and TremorDSP being sold at around 1/3 revenues and a possible punt value for rthm... ;-)
As to Yume, they had declining revenues, didn't they?
This from 2 yrs ago...
when margins were quoted at 50%..
fy2016 revenues of $160m (2015 $173m)
They also announced a $10m share buyback back then...
Then a few months later, the paid a special divi then sold to rthm..
https://www.businesswire.com/news/home/20170216006240/en/YuMe-Reports-Fourth-Quarter-Full-Year-2016
rthm H1 Yume contribution was $58m
https://investor.rhythmone.com/assets/pdf/RHYTHMONE_PLC_H12019_RESULTS_FINAL_TABLES.pdf
So the fit with Telaria would be sell-side + CTV, maybe also the exchange. Demand-side could be decommissioned or sold. It would only work if Telaria saw sufficient value in the assets it wanted. But Edenbrook's building of a stake in Telaria and their apparent belief that YuMe was sold too cheaply to R1 might mean Edenbrook would be pushing for a bid.
TTD I think would be a defensive move to prevent the emergence in R1-Taptica of a potentially dangerous competitor. Again, they could keep the bits they wanted and decommission or sell the rest. Depends on the value they see in the bits they want and the value they might assign to preventing the R1-Taptica merger going ahead.
Haven't we already had the discussion on Telaria stt? I can repeat the logic if you like, pasted from the other board where we discussed it:
Interestingly, Edenbrook has a near 10% holding in Telaria (as of 27th Dec 2018), which is what the company is now called which sold Tremor Video to Taptica. It built up that position last year.
So could Edenbrook have a plan which involves R1 going to Telaria instead of to Taptica? Telaria's announced strategy appears to have some considerable overlap with R1 (although "demand side" assets might not fit).
"focused strategy as a fully programmatic, sell-side software platform for premium video partners, and as a leader in Connected TV/OTT"
hTtps://www.businesswire.com/news/home/20170912005544/en/Tremor-Video-Rebrands-Telaria-Leading-Independent-Sell-Side
That might be an interesting battle. It appears to me both Taptica and Telaria might value R1's sell-side strength and CTV. And if Edenbrook do believe YuMe was sold too cheaply to R1, they might be going for the added satisfaction of bringing it to Telaria and exposing its real worth there.