Member Info for biffa

You might want to have a read of the ad.fn AAZ feed as the az govt website has released news on 2 new fields we have found.
Much the same as the previous news coming before the RNS.

Any idea of the price the debt is trading at?

Anyone else noticed that both Tosca and Lombard have not traded in Rone since Friday?

Second round of NDA doing the rounds.

Just to show market manipulation at it's best, lets compare Rubicon and Rone/Tap

Rubi (to Dec 18)

M Cap $360M (up 5 fold since last March!)
Cash $ 80M
EBITDA Loss $ 11M (yes. EBITDA loss!)

Rone/Tap (next week)

M Cap $260M
Cash $ 80M
EBITDA Profit $ 90M (yes. EBITDA Profit)

So Rubi worth $100M more than us but we are plus $100M EBITDA!

Discuss!

It should be quite interesting at the GM, if only to see how uncomfortable the players all look.

I'm surprised Eric didn't spread it over 2 days to get an extra £3000!

Just got an email from Pixalate to say Perk TV and Perk TV live are in their top 5 of active user apps. Quite good when it's out of 2 million apps!

Rhythmone looks good on all fronts bar the SP.

I won't hold my breath for any answers in 2 weeks time.

$300M mcap, $100M EBITDA and $100M in cash.

Undervalued is an understatement!

If anyone hasn't read the Tap circular yet, i suggest they do.

ROne confirm on page 18 that as of the 14th February 2019 everything is on track to hit the current year forcast of $55M EBITDA. (Whitman note)

The combined rating of these two companies will be so low (pe 3) its almost comical.

Another US office closed on Friday, following the agreed plan from last summer to avoid duplication. (London and Oz
already closed to name just two)

My guess would be more large purchases of Rone by lombard on Friday and Tosca/Schroders taking Lazards at Tap.

Post merger should see 65%+ in firm hands and then the added bonus of the buy back.

Quite happy to reserve two seats for you chaps.

I will now set my stop watch.....

Have to agree that any sort of bad news is firmly off the agenda.

Interesting to see if they actually go higher in their TU. Last years 1st qtr (which is always a bit slow) was impacted by
Yume/Rone integration problems as much as the usual 1st qtr fall off. No chance of the former this time.

Some nice links Brass. Ta.

Have you had any contact with the new team?

Not long to go until the AGM again!

Surprised STT1 hasn't posted the good news!

Nov 1.99M 2.69%
Dec 1.78M 2.41%

'In 2018, ad tech became a viable,growing investment category once again.
Next year, I expect to see more industry consolidation, as larger companies seek to accelerate tech innovation
through acquisition and publishers,brands and agencies seek to engage with unified, cross- screen platforms.'

Brass,

Can only assume it came out after the bell as not there earlier.

$66M of cash. Serious alternative to FB/Google .340% upside.

Very strong cashflow in 2nd half.

Awaiting buy back details.

If anyone missed it.

I think my post got removed in under 10 minutes.

A pity when you can't post the truth on these BB any more.

Volume has been almost zero since the TU, apart from the two big days which we now know about.

All very odd. Maybe they will get away with a low ball offer after all?

If you re read the TU, Mark gives a pretty upbeat view of the 2nd half. The fact they have reassured on that makes the price even odder.

When they want it to go up I'm sure it will.

On our investor contact page FTI have been replaced by the above. (At last, I hear you say)

If FTI have been given the boot and Garrick st closed (expensive lease from Radiumone) the company sale must be even closer.

Look at Intu to see how this might work.

Evolving living room / advancement of TV roadshow up and running on website and twitter.

That's where the money is so good effort.

N+1 Singer 'ridiculously cheap'

Not sure where they got more than $20M EBITDA from in the first place! ($20M was my view)

As mentioned H1 higher than the whole of last year. Looks like the Rone engine is in full swing so difficult not to see the $50M+ come in with the busy part of the year to play out.

Buy The Trade desk at 60 X earnings or Rone at 5 X earnings.!?

Tosca will receive £50M from the sale of their 29% stake in Sinclair Pharma SPH confirmed today.

Might give them a bit of pocket money to spread around.