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Its not actually selling as its a merger with Taptica shareholders, holding slightly more of the shares in the enlarged company.
Isn't it an all paper deal? So R1 is not "selling" for an absolute valuation in cash. It is "selling" for paper in the merged TAP-R1, presumably with ratios largely negotiated when Tap was above £3. You try to buy 50% of Tap and see what the price goes to STT1.
You're right Stt, it is a bad thing that shorts have reduced by over 50% over the last six months... clown.
Oh, and good post because its a negative that suits, YOUR AGENDA.
Another post, with your usual negative spin. Why dont you post on the positives, or does that not fit your agenda. ???
You know fine well people cant ask the question you post, but there again, why would anybody ever answer one of your questions when you NEVER answer anyone elses, but will agree if it fits in with your agenda.
Low-life, thats all you are. !!!
Bott,
Good post..
I think the it turned on the hope that Yume would help turn the business around...
The deal with TAP... Look at the events...
2018:
Feb - rthm/Yume completed their takeover
old rthm directors resign..
Singer appointed Chairman
https://investor.rhythmone.com/newsroom/2018/02/02/rhythmone-plc-successfully-completes-exchange-offer-to-acquire-yume
May - Ted Hastings CEO leaves
https://investor.rhythmone.com/newsroom/2018/05/29/directorate-and-management-changes
June - rthm director, Raj leaves
https://investor.rhythmone.com/newsroom/2018/06/19/directorate-change_jun19
July - rthm directors, Opzoomer and Kohli leave
https://investor.rhythmone.com/newsroom/2018/07/13/first-quarter-trading-update-and-directorate-changes
Aug - NDA with TAP signed
Sept - CFO, Reginelli, leaves..new CFO, Zorko appointed..
https://investor.rhythmone.com/newsroom/2018/09/25/directorate-and-management-changes-092518
2019
Feb - 'new' CFO, Zorko, resigns..
Shares on Loan drop from Jul onwards...
So from February's completion of rthm/Yume, Singer moved from Yume to rthm... then ONLY 6 months later signs a NDA with TAP and sells for less than the valuation of combined rthm/yume when he took over!!!
Very Bizzare? did the new management discover any skeletons, unexpected costs etc?
Pls feel free to add...
The NDA was signed in Aug... and SoL has been falling since Jul's avg SoL figure... coincidence????.
Jan SoL falls again as expected...
Adding in Jan SoL... from Dec to Jan, there was a slight fall of 200k SoL...
Now the SoL have fallen for 7 months in a row,..
Shares on Loan (SoL):
Mar 2.93m
Apr 2.76m 3.79%
fy2018 TU
May 3.29m 4.47%
June 3.17m 4.29%
fy2018 results
July 3.62m 4.89%
Aug 3.53m 4.76%
Sept 3.22m 4.33%
H1 TU
Oct 2.13m 2.87%
Nov 1.99m 2.69%
Dec 1.78M 2.41%
Jan 1.58m 2.14%
https://www.euroclear.com/en.html
I too lost money on this share in previous years, bought in again in October 2016, watched the price continue to go down but lived in hope, then it turned on the back of last year's annual report so I bought more. I liked what I read and thought the prospects good. The sell-out (that's what it is) to Taptica is bizarre and doesn't make sense to me. What is evident is that buying or holding RTHM now is investing in TAP, but although TAP is reporting profit and even paying a dividend, having looked at the annual report it's not a company I feel able to trust, so I've sold RTHM at £2. As I've observed here before, TAP's audit report is a mere three paragraphs; it effectively tells us nothing, yet TAP's balance sheet is 95% dependent on the directors' valuation of goodwill and other intangibles, providing huge scope for 'error'. It will of course be stronger with RTHM, but both entities have plenty of scope for bad debts when the music stops (recession or other cause), 121 days outstanding for RTHM and 136 (four and half months) for TAP. All hope of share price gains depend on speculation by others so good luck with that, but the oddities of this 'merger' do not suggest a well established business any time soon.
Title of this post should have a question mark after it
£286k if buys on TAP this morning, yet the price falls. Has the distinct whiff of Tosca loading...
I agree its very similar my take on this is for 220 tap, it is 186.66 RTHM1.
I bought Tap in the morning for 220 , set a limit for rthm for 185p and got it as it dropped even lower .
Not sure under the offer terms what was better buy if it all go's through.
looks about same to me 220 and 185 am i correct ?
And again...
Probably won’t move up until next week as it’s in over bought territory atm. Indices need to cool off too after recent rise.
Just managed to buy in again at a touch below 180p so here's hoping this is a one day blip. Was fully expecting Tap to head beyond 250p and thus drag R1 along with it. Time will tell. One thing is for sure. With my 5 years of experience with this share I won't hold onto this quantity beyond a 200p price target and will then trade again.
Meantime my average in my SIPP and ISA is still stuck in the 455p to 600p range.
I was beginning to think my trading strategy had gone tits up, when I sold at 181p and saw the price move over 200p following the merger announcement. Now I see both Tap and RM1 are being pasted together today and my RM1 shares back well into the 170's again.
Its always one step forward and 2 steps back with this share.Still what can I do other than continue to hold onto all my other shares in RM1 and just hope and pray that eventually results will outweigh any market manipulation.
Problem is that results are hard to judge because no one year or period is compatible with the previous. There is always some purchase/merger/consolidation to muddy the waters and nobody can be sure what benefits these have brought to the company. Cash and actual profits always seem to be a bit murky. I do have confidence that finally this merger/takeover should bring really substantial benefits but the share price doesn't lie. As has been said ad infinitum this share was trading around 500p before Yume was announced and its been downhill ever since.
Are there no rules against all these delayed trades? Seems disgraceful to me. It’s happenned consistently here for years...
surely if they added it to the deal it would give same result, as value of shares includes cash, take that away the price drops. The company needs the cash for working capital and share buybacks, and maybe to continue paying dividends..
Having recently caught up with all the latest news - I think it is very good news for all shareholders. Under the Tap brand I think this company can gather even more momentum and market share. I feel much more confident with my investment. I think this deal has probable been in the making for a lot longer than we can all imagine - it makes a huge amount of sense.
Tosca now buying tap. Plenty opportunity for them to buy a lot more on the new enlarged company, as their percentage in the combined company will be massively reduced.
I note that Stt has posted 14 times so far since Monday on both TAP and RTHM boards, despite having no shares in either. Our new TAP friends will soon tire of him if they haven’t already.
It means there has been no interest in this share for ages, just algobots manipulating the price. Taptica on the other hand has had plenty of investment interest in the last 2 years.
What does this mean?
all trades on Tap are "O " trades nearly all trades on RTHM1 are " A " TRADES
Shorters going in to overdrive on various boards. Will they get caught out? I think they will.
Taptica has decent trading volume with real ‘o’ trades. A far cry from RTHM’s drip feed of algo trades which can move the SP on pitiful volume.
This deal is attracting attention and the TAP share price is in steep uptrend, dragging RTHM with it. I think this will continue pre-deal. Once the deal is done, the immediate buyback will boost it further.
If I had a short running I would be closing, fast. In fact I would have done it already.