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42trader, I am happy to hold cash , yes very funny.
If my granny had wheels she'd be a bus.
You are a scurrilous individual. Take your 10p profit buy a gobstopper and whistle Dixie.
Well it's all speculation. It may be something or nothing.
"which management expects to impact performance of this division in 2019", is a very negative statement followed by, as you stated, the company trying to justify the merger which I find strange too, as it has been implied it is a good enough done deal. Who knows?
For me personally, I see no need to take a gamble here, being in profit when I sold and I am happy to hold cash in the run up to 29/03/19.
By that time, it will be too late.
The RNS quite clearly states the " need" for rthm1, The questions I would ask is " Do we need them as much as they are stating these need us. "
I do not know the answer, just as normal, very very suspicious of this as I was with the YUME purchase, after reading the transcrips of the conversations with Singer and Brian.
Looks like we're being shafted yet again.
A short while ago posters coming on and saying that 2 the market" liked the news.
Not liking it so much now.
Whilst not disagreeing with that assumption, it does suggest to me that they need us, more than we need them.
So on that basis, especially as they have now issued virtually a "profit warning" we should either walk away, or renegotiate the deal at better terms for RTHM1.
Yes, rusty this is what you call "economical information".....Tap trading update today is IMHO a confirmation to the sense behind the merger with RTHM.....a united eniety will stood much better chance to compit in this over crowded market....again IMHO.
That is true.
What he was suggesting though, is the market does not believe the accounting figures and that is why the sp of Tap has fallen so much over the previous year. Whether is is true or not, you can guarantee the ordinary pi would be the last to know. Maybe it is just a coincidence that Tap have now issued a profits warning. With the merger going on it could be a long time before the pi (if ever) will find out more details of this profits warning.
Having a low average, I was able to still make a profit and so decided not to take any risk here.
On the plus side, support is holding the sp and the gap up from the merger news has now been filled.
What he neglects to point out is that it has already been announced, that if the new larger company is born, they are doing a buyback programme on the larger company.
Today's drop here is on the back of the profits warning given by TAP today.
Currently Tap is bouncing off support. Whether is hold or not who knows but I'm taking the moment to exit with a small profit (gutting I didn't sell at £2.50). Best of luck to everyone.
I'll leave you with an analyst (Graham Neary) review from tap's previous update.
"This bombed out Israeli company reports that 2018 was in line with expectations.
It claims to have net cash of $54 million (£42 million), i.e. one third of the market cap.
At the start of this month, it suspended its share buyback program to enter talks with a potential acquisition target. These talks are ongoing.
My view
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.
Taptica's previous CEO resigned in December over his role in a fraud case involving his previous company.
As we noted in relation to the Patisserie Holdings (LON:CAKE) fiasco, fraud tends to be an endemic or widespread condition at a company, rather than an isolated problem.
There is no suggestion that Taptica International (LON:TAP) is a fraudulent business, but the prominence of the previous CEO's role in its IPO and management heightens the risk that all may not be as it seems.
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."
This sector is just a sea of predators, first we have blix which is gobbled up by yume then we have yume / rthm now gobbled up by yet another company.
All the time the pi’s get slaughtered and overall the sp / consolidated company doesn’t really get anywhere, is anyone making any profits . it’s just money making for the accountants and solicitors involved.
What will be next.?
$300M mcap, $100M EBITDA and $100M in cash.
Undervalued is an understatement!
jrlse- I don't mean learn about whether there is support for the merger, I mean learn about the state of the 2 businesses. Are these 2 grossly undervalued businesses intent on building a powerhouse that the market will have to reward with a high rating? Or are they 2 punchdrunk fighters on their last legs desperately hoping that the other one will save them from adtech oblivion? They are clearly unlikely to volunteer the latter explanation. But it might be possible to tell which management team feels more confident in the future of the merged company.
1GW,
I think it's a done deal. Not going to learn much at the GMs as one board is going out and another coming in.
But I will go to the next TAT AGM. That will be revealing in a good way I hope.
jr
Getting tough to swap shares now. Only managed 2000 today after small spike in share price this afternoon. Hardly worth the effort now so will probably just hold the R1 shares I've got left until the deal goes through.
Stt loading up ahead of the EGM.
Again !!!!!!!
I would love to know who’s had their algo-bot trained on RTHM for the last few years.
These takeover periods are great for seeing what's actually happening in terms of the shareholder register, rather than having to listen to conspiracy theories. Declared positions account for about 76% of Tap and 60% of R1 according to my records, so it's a fair sample.
There is very little trading activity declared in the last week or so as far as I can see in these daily dealing declarations.
Toscafund has stopped buying Tap (as of 8th Feb as I read its dealing declarations), while Lazard has been selling down over the last week or so and BrightSphere also reduced slightly between 8th & 15th Feb. Barclays goes up and down slightly but seems to return to a perfectly hedged position, so I would guess they're just putting on trades for individual investors below the 1% declaration threshold.
On the R1 side, Lombard Odier seems to be buying a lot of what's sold, but apart from Barclays similarly-hedged activity there doesn't seem to be anything else going on there.
Scheme document due on Monday may give a bit more information, and should at least have the confirmation (or withdrawal) of the R1 directors' "profit forecast" (i.e. trading in-line on revenue and adj ebitda as of the H1 results statement), but I'm not expecting a lot of new business context or numbers.
I think the Tap results in late March are going to be the next significant bit of new information about the underlying business and then before that there's the chance to try to quiz both sides at the GMs, but they will have to be very careful about what they disclose at the GMs, so it's going to be more trying to interpret body language I think.
you dont make or lose money until you sell,,iam about 30% down on this,,after 5 years of buying and selling,,in 35 years of investing/speculating this is the one that as drove me crazy,,when we become Taptica,,it looks like we will get 2 divis,April and Sept,,it should be 5c in April,,3c in Sept,,anyone know anymore about the Dividens?
YES -Brass , Indeed-
One can only wonder as to how much of what we are witnessing from him has it’s roots in some form of a personal trauma in the recent past!? Anyway- enough time wasted on that subject.
I Agree. We all make good and bad decisions on daily bases and investing in shares is no exception!
The recent 2 rounds of weaknesses in the R1 share price (down to 150s) did allow me to seriously bring my average down to similar levels to yours, whilst accumulating the quantity of shares I had planned to land-up with since 2-3 years ago. So it kind of has worked out for me OK so far albeit via an unexpected route and timescales.
Also Agree- This merger will take us to a whole new level in terms of synergies and economies of scale needed to play against the big boys effectively. R1 on its own may have carved itself a small niche, servicing premium end of the market and even made some reasonable Net Profit eventually but I guess as someone said, it’s a question of AMBITION.
Do you as a company keep reinvesting to grow to play at the top of the premier league (however painful and uncertain that may be in the short term), OR do you settle for less and go for an easier ride.
The Big Institutions seem to be piling in for now and support the above with more and more investment. Hardly a sign of a failing Merger with no prospects.
Pay your money and take your choice/risk as they say. Happy to wait a little longer for a much bigger prize
Eddie
Eddie / Tardis, I think you are right re Stt. No one gets that twisted on a company unless they’ve lost a very serious amount of money and/or a relationship as a consequence, must have been life changing in a bad way for him. There’s been plenty of posts in the past detailing his buying pre 2014 at levels way above what he could possibly have sold out for after the blog and July 14 profits warning. I’m down somewhere around 23-24% on R1 having been in at various points since immediately after that profit warning but take the view we’re at the bottom now and it won’t take much from TAP to get that back. In my book the arb is worth doing as it reduces the break even a tiny bit for no risk. The risk is in the future share price movement but hopefully news flow from the company will be positive. Incidentally I also hold TAP. Thought I got in at the bottom there with an average of just under 17p but that’s down about 20% currently. Just glad I didn’t get in anywhere near Stt’s 55p+. There’s always some winners and losers in any portfolio but better to recognise that and deal with it. It’s only a proper loser when you sell up. Of course there are other proper losers out there but they never seem to fess up to any losing trades, everything always seems to win. Nothing worse than deluded losers.
Eddie21 are you saying stt1 is totally a tit. If you are I agree.
"I don't really care what Stt thinks"
Nobody should....Everyone should do their own research and form their own opinion.... it's their own money...
-------------------------------------------------------------------------------------------------------------------------------------------------------
STT- Are you seriously expecting anyone here to believe that you don’t care what people think of your posts?
Don’t insult peoples intelligence _ EVERY post you write is designed to influence
Eddie
Tardis-
I think you will find that he has actually bought R1/Blinkx at even ABOVE £20 and was suggesting at the time that it will go higher to £30 ( todays money) and beyond.
As for his TLY investment…it has lost pretty much all its value. Does’nt really strike me as such a clever investor either.