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See the RNS on the 2nd of April "Taptica Int. Ltd - CEO Appointment, Trading Update and Share Buy-back":
"Following completion of the acquisition of RhythmOne, the Company has been informed that, on a standalone basis, RhythmOne's trading for the year to 31 March 2019 was below market expectations."
Posters on other boards keeping banging on about profit warning on rthm and tap. I don’t recall actual profit warnings being issued. Any thoughts??
stt1, you've seen what R1 did to address concerns re- industry challenges, it may have cost them dearly but cheap is not always best as you well know.
You seem to overlook this and concentrate instead on those SSP platforms that were vulnerable to lack of fee transparency.
Tap is not just SSP and so how can you compare different models
If you have evidence of wrong-doing in the case where R1 first challenged Dataxu then please feel free to provide proof.
Rubicon Project have only stopped charging buyers, not publishers .
I have said this before - it is of no use trying to compare different business models and speculating.
Shares on Loan (SoL)... Avg number of Shares on Loan for April - increased from 3.13m to 5.39m... Dec 1.78m 2.41% TAP 2.3m 3.42% 2019 Jan 1.58m 2.14% TAP 2.5m 3.71% Feb 1.41m 1.89% TAP 3.07m 4.51% Mar 1.35m 1.78% TAP 3.13m 4.61% Rthm/tap Merger... Apr 5.39m 4.18% https://www.euroclear.com/en.html
Tricky "Only last year Rubicon were to be sued by 'The Guardian' for undisclosed fees, a development that prompted the company’s leadership to address its fee structure, resulting in it dropping its buy-side fees." Yes and Rubicon addressed the Industry moves to fee transparency... They publically announced that they resolved their dispute with the Guardian... They did take a hit by abolishing buy side fees... Over 50% loss in revenue.. Can you please post where rthm publically announced an amicable solution to their court action against their partner DataXu? How much revenue would rthm lose if they also abolished opaque fees? And Rubicon operate 1 side of the ecosystem... Rubicon/Guardian have since declared pubically that have reached a mutual agreement.. https://www.wsj.com/articles/the-guardian-and-ad-tech-vendor-rubicon-project-settle-legal-dispute-1539348209 Rubi results after addressing fee transparency... Rubicon Project Reports First Quarter 2019 Results "as well as our strong overall competitive position during a time when buyers continue to reduce the number of exchanges they work with. Our success is a direct result of the many actions taken over the past two years, and we expect our business will further benefit from investments on the seller side of the business in 2019." https://finance.yahoo.com/news/rubicon-project-reports-first-quarter-200500185.html I haven't seen anything in the public domain from rthm? rthm/DataXu https://adexchanger.com/online-advertising/rhythmone-dataxu-tussel-unpaid-bills-hidden-fees/ rthm/DataXu court action.. https://www.pacermonitor.com/public/case/22028832/RhythmOne_LLC_v_DataXu,_Inc
stt1 prefers to post a read across from a company which is currently doing well because they operate a completely different model, in the hope that it might fool some into believing that Tap is operating a model beset with dangerous red flags. Always best to do your own research, read company/industry stats/news-flow and form your own opinion...
As for TLY:
That plc sounds quite risky with the NHS set to do more patient caring via in-house solutions, planned to be implemented soon, instead of funding the outsourced healthcare market that Tly is hoping to get into and make a vast profit from.
It is also a politically sensitive area.
Care quality is usually shown to be poorer under private ownership and the whole area will be a minefield of regulation, commission reports and ideological arguments.
Of course this outsourcing is all seen as the privatisation of the NHS which people cherish most dearly.
stt1 may be on a hiding to nothing by investing there.
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
Sizmek have shown that it is the companies that have divested away from DSP's, to concentrate on a business model built around their own (owned) SSP activity, that are at potential risk from a reliance on external DSP's who have been given lengthy and over-generous credit terms.
Buy-side teams within SSPs will begin to more aggressively call in their invoices with other DSPs — to avoid being burned should they default.
SSPs at the other end of the chain can otherwise end up up acting as the float for the agency holding groups.
Thus the SSP single-side approach that many companies have adopted recently may not be the best solution after all.
Also a company ad tech model built around SSP's alone is more vulnerable to lack of 'view-ability' hence accountability and a few have been forced to offer fee-transparency or no fees at all.
Some have been harmed greatly in the process.
DSP's, by their nature, do not have the same issues...
Since the introduction of header bidding the number of bid requests received by demand side platforms (DSPs) has increased greatly but infrastructure (hence operational) costs associated with that growth have put a huge burden on DSPs.
For that reason and because Rubicon were slow to implement products to cope with Header Bidding they acquired nToggle (working with DataXu) to assist in Traffic shaping – or 'toggling'. This helps buyers to find the ‘signal in the noise'.
Only last year Rubicon were to be sued by 'The Guardian' for undisclosed fees, a development that prompted the company’s leadership to address its fee structure, resulting in it dropping its buy-side fees.
Also:
Threats of being sued and slow implementation of strategies to deal with HB are hardly anything to boast about and the future for Rubicon in these days of rapidly changing market dynamics is still uncertain.
Nice try Stt...
Tardis, Thanks.. You mention The Trade Desk and Rubicon Project as competitors to use for comparing against... Rthm and now TAP operate a full stack.. The Trade Desk & Rubicon Project don't... And Rubicon announced their results in which they stated that the strategy adopted over the past couple of years is paying off.... This included tackling Industry Challenges 'move to fee transparency' & move to fewer exchanges, DSPs/SSPs... Therefore, I can't see how you can use them for comparing with TAP/rthm as their models are different... How The Trade Desk Has Evolved For The Next Stage Of DSP Growth https://adexchanger.com/online-advertising/how-the-trade-desk-has-evolved-for-the-next-stage-of-dsp-growth/ The Trade Desk (TTD) previously quoted as saying that their one sided approach was the key to its success...other companies have also ditched both sides... "Many companies that tried to run ad tech businesses on both sides later have sold one side off: Rubicon shut down buy-side platform Chango, with then-CEO Frank Addante admitting the acquisition was a failure. Tremor Video just sold off its buy-side business to focus on the supply side. Amobee sold its sell-side business to focus only on the buy side. The Trade Desk, which has seen its stock skyrocket post-IPO, consistently cites its single-side, agency-focused approach as a key to its success." https://adexchanger.com/platforms/appnexus-buy-side-falls-wayside/ Rubicon recent results: Rubicon Project Reports First Quarter 2019 Results "as well as our strong overall competitive position during a time when buyers continue to reduce the number of exchanges they work with. Our success is a direct result of the many actions taken over the past two years, and we expect our business will further benefit from investments on the seller side of the business in 2019." https://finance.yahoo.com/news/rubicon-project-reports-first-quarter-200500185.html
Good posts Fundpanda.. 2 companies with questionable pasts coming together doesn't resolve underlying problems... Rthm have been loss making for years..
can anybody tell me,,is Slater investments still invested in Taptica?
ragnarlothbrok, thanks for the civil response.
> FundPanda, please provide your data that tells you investment in the performance marketing business has been declining. That would be really useful to my own analysis.
I have no data on this - the R+D expenditure is not broken down by business. I only note that the performance marketing revenue has dropped due to quality issues that Rhythm invested in to avoid but Taptica did not. The high share price at the beginning of 2018 was due to the rate of growth of this business, which explains why the share price dropped by a quarter in April 2018 as the growth slowed (and is now negative). A positive though is that Taptica now has media quality checking by virtue of the Rhythm merger.
> If Hagai didn't think that the shares were worth more than 140p why did he buy in at 300p on 04/04/2018? Does he think the prospects of the business have declined by more than 50% in one year?
Good point, and I note that he also purchased a few days before at 362p. Other plausible narratives for the sale is that he has no interest in being a passive investor and instead plans to use the money to start another company. Alternatively, he may be arrogant enough to think the Taptica can only flourish under his command, and will collapse under anybody elses. If some other explanation like this is revealed to be the truth then Taptica will have done well to buy back the shares on the cheap, but we just don't know yet.
The BOD should keep the buyback going until the next trading update/results.
Clearly somethings going for the continual drop? Tosca want a good deal??
Shaggy you are right with your thoughts regarding stt1 but will the real stt1 please stand up.
Worth another read.
ShareNicelyNow, you must be new to this space. 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.
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 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 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….
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 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 that is. I can highly recommend it.
Sure.
The Trade Desk, Rubicon Project and S4 Capital.
Revenue and P/E.
Tardis, " Our current SP is massively below most of our competitors on a like-for-like basis." Can you please expand on which competitors are you referring to and which metrics are you using?
Rns regarding Creative Studio... TAP are re-launching rthm's Creative Studio, which was V2.0, combining it with theirs.... TAP already had an in-house team, so it's not nothing new... Rthm V2.0 blog from year ago... Uniting the Clans: Introducing Creative Studio 2.0 Read more at https://www.rhythmone.com/blog/2018/05/31/uniting-the-clans-introducing-creative-studio-20#d9IudyzjGxvGYvmc.99 https://www.rhythmone.com/blog/2018/05/31/uniting-the-clans-introducing-creative-studio-20#miFcJy0CiMWAWTcm.97 TAP already had an in-house Creative Studio.. Designing Effective Ads Our in-house creative studio supports campaigns with custom creative for any ad type. We run rigorous A/B testing on design trends proven to work for every market, channel, and industry. Maximizing the Human Factor Taptica offers individually dedicated account managers who take a hands-on approach to your campaign strategy and provide support at every step of the way. https://www.taptica.com/about/
Byebye Panda. Hope you find a share you like to invest in. Hope you don't bother posting here again. If you do... we will assume you are short. Wally.
Hey drshaggy, I agree entirely. I just filter anyone who responds. But it means the BB is mostly just filtered messages.
FundPanda, please provide your data that tells you investment in the performance marketing business has been declining. That would be really useful to my own analysis.
If Hagai didn't think that the shares were worth more than 140p why did he buy in at 300p on 04/04/2018? Does he think the prospects of the business have declined by more than 50% in one year? I must admit that the market shares your suspicions by dropping the price below the sale price.
However, I think the company buying back the CEO's shares at this price is a GREAT result for the company. They bought back a large chunk of shares at a huge discount to what they were prepared to pay for the buyback and they have removed the overhang and any connection with the former CEO.
If you look at the valuation, all the indicators are looking outstanding, on a stand alone and relative basis: ROE, FCF yield, P/E all indicating deep value. But valuation doesn't seem to be referred to very often on this board.
Mr Druker did a great job in making Tremor profitable and a success and as we can see with the R1 intergration he has good ideas ,is focused and talented .
What a great price to get involved ,this company is profitable and under Mr Druker the company will thrive
Yes! What are these people doing here if they just want to suggest 'better' ad-tech companies or to pour scorn on the main item here - Taptica.
They do have an interest in Taptica and use all manner of shallow and backward reasoning but it is a short interest.
They only want the sp kept down as low and for as long as possible.
It's clear that several new posters on here are stt1 shorting cronies.
At the end of the day if the business grows and succeeds the sp will take care of itself.
The problem is that people continue to respond to stt1's posts instead of just ignoring it.
It makes me think that some posters, despite supposedly opposing him, are actually working in concert with him, by constantly highlighting his comments.
It all just bores me to death quite frankly.