Tardis, investor roadshow starts tomorrow and there is a lunch too. Another one on Friday that they put in the RNS. I think they were all lane no to put the deck on the website, not sure if that will be tomorrow though.
Further top up today after yesterday's fuss. Shame I missed the spike down but £40k sorted between 117.9 and 120. As ever had to split across a number of trades.
By the way seadoc Patrick isn't on the board and if Neill knew beforehand it's no great matter (unless he's found guilty in June at which point he'll go). I suspect Neill took a judgement call that he was by far the best candidate he could secure and given the amount going on couldn't wait until June to have him start. That's why he's CEO, to make difficult calls. A bit of fuss this week but hopefully Patrick in the business and delivering. We all know a decent RNS of a big order and this part will be history.
Well if they paid 180 yesterday they must be buying early morning. Only 60k though so would have thought buying more in the afternoon would have made sense. Plenty of shares about if Tosca can sweep up an extra 2.7m
I see Sizemek have filed for chapter 11. The strategic vision was to build a cohesive buy-side ad tech stack combining DMP, DSP and ad server. Seems they should have had a strategy to operate a full stack rather than depend only on buy side!
On a more serious implication though R1 are 13th on the list of creditors of the DSP owed $1.062m. Taptica not listed so if any exposure would be below $100k.
AL75, can you let me know how the charts factor in newsflow? It seems to me that no chart will forecast the share price movement of VRS until it reaches maturity in its business, which is years away. You'd be better to statistically forecast newsflow on deals based on historic RNS releases and studies on time to market for new technological developments.
I certainly didn't look at the charts before investing here but took a view this could be the new ARM.
RE: Supply, demand and confidence02 Apr 2019 08:36
Normally it would need to be >5% below market consensus to trigger a profit warning. Until we get some proper numbers and guidance it's difficult to know potential for the merged business. If synergies are as material as some have indicated then a small miss isn't a problem. If it was a large miss and cash was materially less then that would be a bigger issue. Hopefully the imminent brokers note will provide a degree of clarity.
Short term fluctuations shouldn't be a problem for long term holders. The pain must end eventually!
1GW, saw your posts on the other board over the weekend re dividend. My guess FWIW is that they will pay out something similar to last year. This could be why they are doing a $15m buy back and not the $20m the two independent businesses were going to do. The $5m would effectively pay for the divi on the new R1 shares issued.
No business likes to cut or suspend the dividend as no one remembers the reasons no matter how valid, just that you cut or stopped it. Part of the message I'm sure will be around cash generation of the combined business.
New shares get listed on 2 Apr. There are then a number of possible announcements/events that may emerge over the next 10 days: - Announcement on buy back details and commencement of the buy back - Possible trading update on Q1 of the combined business - Possible announcement on a final dividend (assuming it was left out of the TAP results due to being mid deal) - FinnCap note with forecasts of the new merged business - Investor road show 10 Apr
By mid April there should be plenty of new information to judge the potential of TAP