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You caught me (or I caught you) on a weekend. Thanks for helping me pass the time. You are still and will always be a legend on this board.
"I believe strongly now that you saw an article on GDPR etc years ago reading about the effects on advertising and forming a simple conclusion. That ALL advertising firms are equally exposed therefore why not short a small cap (R1) thats already done badly."
The FULL quote (your habit of using things out of context). I don't understand why you don't use hindsight to understand your blatant overestimation of the effect of industry challenges. Hindsight is a tool for learning. With Monitise and Totally, you should have had ample opportunity…
I created my profile last month but have read this forum for years. I have no other profile.
In HINDSIGHT, I don't think it would take much to be better than R1 management. But it is simply and elegantly exemplified by the wording in their RNSs, 'market expectations' versus 'management expectations'. Shutting down non-profitable revenue streams that R1 perhaps was too afraid to do (shareholder reaction, deterring a buyer). History of healthy cash generation. Leveraging their CTV asset in Tremor Video so well; R1 never really properly did this with Yume. Taptica have a concrete plan in CTV that aligns with the future of the industry. R1 were caught off the ball with mobile and never really had a plan after that as I think about it now in HINDSIGHT. I saw their move towards transparent, trustworthy advertising after the Edelman fiasco and their initial shift towards mobile and thought Blinkx was originally oversold. I was never a huge fan of Blinkx/R1 management but I thought they could implement a recovery.
"They bought rthm without looking at the full books..."
"They are operating rthm's full stack and haven't released any financial information about rthm fy2019 (March)?"
R1s poor accounting methods (and lack of transparency - "management expectations") may have had something to do with this? Perhaps Taptica were willing to overspend on R1 bloat to get R1 Yume and RhythmGuard? You really can't know for sure stt.
"The old rthm management didn't want anything to do with the new Trmr."
"They had a deeply discounted placing when their ex-CEO wanted out, a placing which the company bought circa 40% of the placing shares."
Hagai sold I believe around the same time Taptica bought shares back before their sp grew to over 400p; why can't this just be a repetition of history? And I didn't know you were psychic. Perhaps Hagai was forced out given his reputational baggage. Given that the one thing we can agree on with R1 is the **** poor management, maybe that had something to do with it not being in the new management structure.
"Recently some IIs have sold some..."
Again, I didn't know you were psychic. There has been relatively consistent buying from IIs before the update after the AGM, what new piece of news has prompted the selling? Or perhaps, other external reasons are at play...
Let’s wait for actual results before we add up assumed evidence of this and that.
Nobody’s listening to you...
But stt... industry challenges have not caused the price decline as much as you make it out to be, not nearly. You expected the rhythmone sp to fall to 100p? Cringe. I believe strongly now that you saw an article on GDPR etc years ago reading about the effects on advertising and forming a simple conclusion. That ALL advertising firms are equally exposed therefore why not short a small cap (R1) thats already done badly. Management failures have disguised your win as correct investment strategy. With Tapticas better management, youll be proven wrong. Lucky you, you have an opportunity to now long the stock after a successful short.
"Another writer unphased by all those Industry Challenges"
The current rthm eq sp is around 110p, down 80% from around 500p 2 yrs ago. I think it's more a case of some think the Industry Challenges are factored in the sharp fall in the sp over the past 2 yrs, don't you think? The 100p is where I was expecting the sp to fall to....
The company (tap, now trmr) themselves did think Industry Challenges may harm them in 2019, so need results and believable outlook, which are still some weeks away....
http://www.morningstar.co.uk/uk/news/AN_1551093566601692100/tapticas-2018-meets-expectations-but-headwinds-may-harm-2019.aspx
Another writer unphased by all those Industry Challenges… and Rubicon continues upward. Bmac.
https://www.google.co.uk/search?tbm=fin&ei=isb-W_2EMcPikgXOzL7YCw&stick=H4sIAAAAAAAAAONgecRozi3w8sc9YSm9SWtOXmPU4OIKzsgvd80rySypFJLiYoOyBKT4uHj00_UNC6oK0nPNzSt5ACy5SFs8AAAA&q=NYSE%3A+RUBI&oq=rubicon&gs_l=finance-immersive.1.0.81l3.3013.8733.0.10969.17.14.0.0.0.0.93.990.13.13.0....0...1c.1.64.finance-immersive..6.7.524....0.VMjc_azBxuc#scso=_lsb-W-CZJML5sAfO64iQBg2:0
‘Finally, if the $20M merger cost synergy comes to fruition, investors can expect Tremor to be a multi-bagger.’
From Seeking Alpha article
Pretty Fancy Strong Tip from Seeking Alpha
Published an hour ago
‘
https://seekingalpha.com/article/4275973-tremor-international-bad-news-overstressed-company-aggressively-repurchasing-shares