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Tosca and River & Mercantile were significant holders of rthm back in 2017, weren't they?
Before rthm reported disappointing results for fy2017..
the sp around the time of the fy2017 results was 500p compared to the current rthm equivalent of 112p...
The IIs holdings didn't make any difference then. Why should it make any difference now?
Why so many O trades?
Clearly see the value at this ridiculously low price...
Despite “sell in May”!
... clearly don't share stt1's concerns.
Silly of them I guess.
Interesting to note that when the big boys buy the price falls.
Algo trading, don't you just love it?
Whilst the like of Tosca,and River and Mercantile funds are increasing their's holding in a big way....if good for them,is good for me this will retrace big time ,but only when it suit the BIG BOYS.....sighing....
stt1,
Taptica states the following:
'We reiterate our 550p target price based on the huge opportunity ahead'.
If the figures in Finncap’s note come come to be accurate, this will be a very successful company.
And Finncap describe their figures as cautious.
Tricky,
"TAP merged with R1 in full knowledge of the previous history, it is splitting hairs to say they did not know the full books nor the operational details, immediately prior to the merger."
EVERYONE can read the Finncap Note of 2nd April and see what is CLEARLY stated by the house broker, can't they?
Free to register..
Go to 'Our Services' then select 'Research'.. Click 'Research Portal' and enter 'Taptica'.
Select the Note from 2nd April 2019.
https://www.finncap.com/
Here we go again. Let’s be clear. Tap only didn’t see Rthm’s closing books. They did spend 6 months doing operational and financial diligence - hence nda being signed in August. You make it sound like they had no idea what they were buying. What drivel. Did you know that they had agreed a cash bid accompanied by a placing of Tap shares which only went down the loo when Tap’s share price cratered in December with Tal’s guilty judgement. Chairman said so at the investor lunch. I guess doesn’t suit you to tell the truth.
Seems a long time since Taptica's 2018 results were announced at the end of March. Helpful to remember what they looked like. Hardly the results of a failing company. This SP will turn around in due course. Ridiculously undervalued a IMO.
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)
TAP merged with R1 in full knowledge of the previous history, it is splitting hairs to say they did not know the full books nor the operational details, immediately prior to the merger.
They (TAP) stated they did 'due diligence' and pitched accordingly and so why stress the lack of clarity, at the last minute, unless you have a blunt axe to grind?
Tier,
Finncap is free to register.
It's worth reading the Finncap note from 2nd April and watch the Investor Roadshow webcast.
It'll make things clearer as to how TAP merged with rthm without having looked at the full books nor operational details of rthm, prior to the merger completion...
Both free to register...
finncap:
https://www.finncap.com/our-services/research
Investor Roadshow:
https://www.piworld.co.uk/2019/04/12/taptica-tap-investor-presentation-april-2019/
It’s free and unrestricted to sign up
Can you please post the Finncap’s note? Or anyone who can please do so. Cannot read as I’m not a member.
Apologies folks if you have already seen this.
Will the real stt1 stand up.
Worth another read.
Our resident antagonist has to date placed 23097 posts on the R1/Tap ADVFM thread alone. https://uk.advfn.com/forum/profile/sikhthetech
Following the takeover, the lse Rythmone records have been removed but that also ran into many thousands of posts.
Hardly the behaviour of a well person stt1.
Some time back I posted here a long list of posts from our resident antagonist. It had been extracted and compiled from the ADVFM board and collated courtesy of Barkboo. It was a ‘date and timed’ record of our resident disrupter’s stated purchases in Blinkx/R1. At that time back in 2014, he was openly telling everyone about his Blinkx share purchases at around £2.20 old money (£22 today) and that record showed that he continued to buy Blinkx all the way down to around 70p while at the same time telling readers that the sp was going to £3.00….here is one of them, 31 Mar'14 - 22:15 - 7309 of 13887, I disagree regarding the bid... currently still 300p possible," (that’s £30 in today’s money). The same record showed that he eventually sold a chunk of those shares a few years back for just 50p and the remainder of that R1 investment he sold at around 20p.
Our resident disruptor stt1 also invested heavily in Stanley Gibbons. Readers can look at the history of that sp over the last 5 years if they want a real good belly laugh but it is his latest flurry into Totally Plc that gives me the greatest pleasure. At the time when he posted this (see below) on the ADVFM bulletin board, the Totally Plc sp was around 72p, it is currently struggling to hold 12p and it is my reckoning that Totally will need further cash sooner or later in order to keep going. So further dilution on its way for Totally and with it another hit to the sp.
Now, with the above 72p in mind, this post from our resident stt1 antagonist was also copied from the ADVFM board…..
Totally. 2 Mar '14 - 16:40 - I've put my money where my mouth is... I've a huge amount invested and all in my ISA...
And now take a look at this post from him four years later on the same board…. clearly, he has forgotten what he said earlier….
stt1 and Totally. 03/7/2018. 12:39 savage, thanks... who was the investment company, buying in at 55p, so people know to avoid them....
It is most unfortunate, but this guy stt1 knows that there is nothing that can be done to stop the pleasure he reaps from aggravating everyone here and despite the fact that he has no record of successful investing he will continue to plague us with his ‘guidance’.
Personally, I scroll past all posts annotated with his name. It’s amazing how comforting
This individual is the complete scoundrel
Tricky, you are bothered about a - ? I think deliberately comparing apples with pears is all the evidence you need to draw some obvious conclusions.
A trade for 3 shares in the auction to ensure the closing price hits a new low. It’s fascinating to watch the game be played.
stt1 You deliberately concatenated the data string to show a minus, immediately afterwards, without explanation, hoping that the (-) would appear negative.
Whereas in fact it means there is no data from a forward projection looking back.
How could there be?
Sales and EPS have been increasing, as per your link.
To suggest that according to Reuters, forecasts have been reduced is incorrect.
So without RTHM, TAP trading on an PE of 3. What a joke, this should be over £3 a share minimum...
Tricky,
"stt1 - you seem to have slipped a minus sign in after the 2019 EPS forecasts.
Were you hoping to mislead people?"
Have I, where??? Read the post... it shows (last year 0.47)
The (-) after the fy2020 EPS forecast is what it shows on the reuters website for 'last year'...
https://www.reuters.com/finance/stocks/analyst/TAP.L
scorpion,
"which slightly more helpfully does include the contribution from Rthm which the Reuter’s estimates don’t."
Correct and I was comparing the forecast for TAP ONLY, which is why I mentioned '2 months ago', pre-Rthm/TAP, which was completed beginning of April......
https://researchlibrary.finncap.com/File/View?file=46a99be5-e1f1-465c-9439-d44a2ee67700
Above you could look at the house brokers most recent note of 2 weeks ago, which slightly more helpfully does include the contribution from Rthm which the Reuter’s estimates don’t.
Of course, being the evil **** you are, specialising in misrepresentation is your forte
stt1 - you seem to have slipped a minus sign in after the 2019 EPS forecasts.
Were you hoping to mislead people?
according to Reuters, forecasts have been reduced..
Sales
fy 2019 $279m (2months ago, $354.90m, last yr $364m)
fy 2020 $287m (2months ago, $387m, last yr -)
EPS
fy2019 0.41 ( last yr 0.47)
fy2020 0.43 (-)
https://www.reuters.com/finance/stocks/analyst/TAP.L
Tap already suspected R1 were not firing on all cylinders, I guess.
That is not the reason behind the continual chipping away at the sp here recently.
And I suspect the big investors can do more shorting than a few numbskulls on the boards.