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I recall it traded at 12p old money and when it went that low in August 2015 it double in price within a week. Question is have we need to reach the lowest point yet?
Likewise never seen it this below before. Two things to remember. First, the insitutions keep buying. Look at the size of the delayed trades after close today (again...). Second is that when the SP went from 16p to 48p a couple of years ago, it was on low volume trading - in other words, what can be manipulated down, can be manipulated up. This is a giant tree shake orchestrated by malevolent hedge funds imo, but they must ultimately want to see the SP rise.
its just over 13p in old money,,i first bought blinx @180p
Unfortunately, I have experienced R1 lower price.
probably more to do with Tap,,,2 major shareholders still selling out,,when they have gone or stopped selling,we should get a bounce back,,ive never seen R1 this low
I'm guessing R1 and TAP are down today on brexit news as well as international news.
bought another 3K ,,couldnt resist it
Can we assmume this is being driven down for the hedges to buy low?
I got the notice to vote from my broker this morning and voted "yes". (In spite of my screen name, I still own a modest amount of RTHM from Burst Media). I figure joining forces can only help in the current ad-tech environment.
Again. !!!
Just 33 more days to enjoy being a RTHM holder... thankfully there’s a few weekend days for some respite.
In basic maths minus x minus makes plus.......lets hope this rule will work with the up and coming merger....can't really go any worse for both companies IMHO.
Why would it suicide to accept the merger... If rthm management see similar problems as TAP then it would make sense to them... Industry challenges are not restricted to TAP alone..
It is my view it would be suicide for Rhythmone to accept the merger and have Taptica steal their assets
at a cheap price. - NO
Because Taptica have just announced that their core business is struggling and they need RTHM...
Why
Any genuine board of directors (rather than hedgie ‘flippers’) would go back to TAP now and demand a 1:1 merger. Won’t happen of course.
LO are in on it. Whatever ‘it’ may transpire to be...
Could be an interesting R1 vote if share prices stay depressed. As I read it, they have only 30% or so in the bag (Singer/VIEX + Toscafund). LO and R&M have given only Letters of Intent.
So LO and R&M probably hold the key here. If they start to have second thoughts about the wisdom of merging on these terms then they are big enough to cause problems for Tap. R&M though is hedged through its similar ownership of both sides. So realistically, that perhaps leaves it in the hands of LO, who curiously enough have been buying R1 when the arb appeared to favour buying Tap if you thought the deal was going to go through on the published terms.
So does LO have a game plan here? A shame perhaps that the other YuMe activistis (AVI and Edenbrook) don't appear to have meaningful stakes in R1.
The management of RTHM and now it would also seem TAP are so unique in their ineptitude, that it can only lead to conspiracy theories. Re-reading the TAP ‘trading update’, it seems to intentionally sell itself down the river. It gives no indication of the performance of the company overall to the previous year, or ‘market expectations’, but brings to the top of the page the less successful half of its business. ‘Highly cash generative’ gets buried in paragraph four. The result is it drives its SP down and takes RTHM to near-historic lows in the process. To add insult to injury, RTHM BOD ‘is pleased’ to announce in a 6pm RNS the very same day that its ‘directors and brokers Whitman Howard consider the merger to be fair and in the interest of the shareholders’ despite the fact Whitman have a ‘buy’ rating with a valuation of £7.70 on the share! What are these clowns doing FFS!
this deal as been a year in the making,,it makes sense,,i just want it over and done with ASAP,,roll on the 2nd of April
Given the industry challenges previously mentioned, the update was as expected.. GDPR, Apple ITP etc... Rthm and TAP NEED each other... The rthm events since July show that they want the deal to go through...
for me the Tap RNS was not a profit warning,,if it was you would have seen a 30% drop in the Tap SP,,a 6% drop in the SP is nothing for a AIM stock
Was this an expected update or a profit warning?
Ouch, yes ofc I would of been happier to of seen more profit and a continual rise. It may well happen. But I do see the rns as a warning and it opens up more questions to me. So, it makes sense to me to take my small profit and watch. Most of my trades these days are for 20-50% profits and the only reason I held so long was because of the merger news where I thought the sp would go higher than it did.
Anyway, I wish you well in your investments JinkyJ and hope you make a fortune.
gl