Member Info for stt1

Tricky
"there is no logic that makes sense of trying to speculate on the historical facts to produce a different outcome"

Which is exactly what you are doing, isn't it? Read your post.
You make that statement and then go onto post about Edelman's blog and the history since, speculating on a different outcome. lol
;-)

They published their fy2020 audit results last Tues. I'm surprised there's been no comment on them at all.

Eagle
"Endlman would have got his fee for doing his 'research' into Blinkx/RTHM."

The problem wasn't the 'research' by the professor.
The problem was Blnx/rthm's actions after the dossier was published or lack of action defending their company.

They issued a profit warning, completely changed their business model, closed down operations and changed the company name.

Tricky,
"Therefore your argument that R1 had a 'perfect opportunity' to list on Nasdaq is false. R1 had no prior presence on Nasdaq."

Yume was listed on Nasdaq, wasn't it? Rthm HQ was in US. Rthm main business was US? Yume execs moved over to Rthm.

Yume execs could have continued with the Nasdaq listing and taken over rthm.
Perfect opportunity.

Rthm were already filing their updates to SEC, so that was already in place.
https://www.sec.gov/Archives/edgar/data/1415624/000119312517311795/d448891d425.htm

They deregistered from SEC after the rthm/Yume takeover.

They had the perfect opportunity to list on Nasdaq and decided against it.

Today's 200p close is the price at which rthm merged with TAP (now TRMR) 18months ago. ie rthm equivalent price of 169p, given the merger with TAP was 28/33.

So the sp is back to where it was early 2019 and early 2020.

Tricky
I was responding to your suggestion in Tues 11.11 post where you posted:
"People will only start taking them seriously when they are listed on Nasdaq."
"A takeover by a company listed on Nasdaq, is that possible?"

Rthm had the opportunity to list on Nasdaq when they there was a takeover of Yume, which was ALREADY listed in US.
The fact is despite that perfect opportunity to list on Nasdaq, who took them seriously?

In terms of rthm's history, their results and newsflow are all there and shows how they raised $165m, bought several companies and ended up merging with Tap(now Trmr) with a fraction of that cash and in the end Trmr closed several of Rthm's operations.

We're now 1 week into H2 for fy2021, yet still no audited results for last year, fy 2020.

Eagle,
Yume was already listed in US, so if listing in US was the answer to achieving a better valuation then why didn't they continue US listing? After all Yume execs also moved over to rthm, whilst rthm execs left.

Rthm made many acquisitions over the years and yes they did have a lot of cash in 2014 before the 2014 blog and subsequent sp crash.
They raised over $165m within a space of a few years.

I mentioned their declining revenues, cash on several occassions.
They had $126m in 2014, still had $75m in 2018 when they merged with Yume, yet a year later they only had $27m.

period, revenue, cash, profit(loss)
fy2010 $33.6m, $14.5m, ($8.5m)
fy2011 $66.1m $52.8m $7.6m
fy2012 $114.4m $38.4m $3.9m
fy2013 $198m $55.9m $17.4m
fy2014 $247.2m $126.9m $12.2m
Jan 2014 Blog
July 2014 profit warning - following which revenues and cash fell significantly and profit turned to losses

fy2015 $214.9m $95.7m ($20.8m)
fy2016 $166.7m $78.4m ($92.3m)
fy2017 $175m $75m ($18.7m) *(inc Perk acquisition q3 2017)
fy2018 $255m $27m ($13.8m) (inc Rad1 & Yume acquisitions)

I also posted that it looks like Tap didn't do proper DD as they reported after merging that rthm's books were opened to them and found revenues were not as they thought. The fact is Trmr(tap+rthm) have closed several of rthm's operations which goes to back up my point.

Singer sold rthm for a price lower than when he took over just over a year earlier.
I had stated on TAP thread that rthm had several questionable events and that they run a full stack, a model which hasn't worked.

So despite raising over $165m, they only had $27m at fy2018 and Trmr closed several of rthm's operations. Was rthm successful???

It's nice to have an investment decision proven right so conclusively BY EVENTS.

As predicted, yesterday the so called lth were trading with £77k v £79k at around this time, to push the sp higher and make it look like there was genuine interest.

Today with £8k buys and £19k sells, it seems like the same lth have been dumping yesterday pm and today, whilst trying to persuade newbies to keep invested.

Best to wait until the results before buying.

Rivaldo,
"£300k over 5 years is nice"

Is it nice though?
£300k over 5yrs (£60k a year) to be on call 24/7, responding with 4 hrs, 6 days a week, 365 days a year!!
This 24/7 on call is for 3 forces across 2 counties - Northamptonshire police, Nottinghamshire Police and Northamptonshire Fire&Rescue.

Backs up my point yesterday about public bodies tenders and low contract values for cleaning services. Now that rail franchises have been abolished, I expect they too will lead to future lower contract values.

Http://bidstats.uk/tenders/2020/W36/734265432

Pumpky,

Yes, trains will still need cleaning. The difference is govn contracts are tendering out and they look for the cheapest provider. That means contract values could be lower and margins squeezed.

It won't affect results to Sept 30th as the franchises are in transition but will impact future contracts.
Best wait until results to see what they say.

Libero
"REAT currently has only 1 rail company on their books, and it's worth £400k in revenue vs what I expect to be £5000k of revenue for the financial year that's just closed."

Well the company is saying that revenues from Rail & Healthcare more than compensate the temporary disruption elsewhere. If they are only making £400k from Rail out of £5000k (according to you) then that £400k is from 1 of their main 2 growth areas. Not much then.

Their rns stated:
"Revenue continues to grow in the rail and healthcare sectors more than compensating for temporary disruption in others."
https://6ccc6872-76b0-4ecb-8f77-2a7e25baa334.filesusr.com/ugd/d2e8da_73285841c2d44f1a827162405baaba50.pdf?index=true

Everyone should read the company newsflow, the results and sector news.

Btw, I never stated that the govn is going to privatise the whole railway system, you're misrepresenting what I posted. You don't seem to know what is going on in government nor the railways, so I'd suggest you do some research.

Libero,
"The government says it is the end of franchising but in reality nothing much has changed - private rail companies are still involved the same as before."

That's not the case.
Rail Franchises have been abolished.
They are in a TRANSITION phase, which is the bit you don't understand, so it appears to you that nothing has changed.
Maybe you believe the handover would have been done in 1 day!!!!

Brexit is also in a transition stage, so it appears to the ordinary person that nothing has changed.

Jolly
"great entry timing, Libero"

Yes Libero, perfect timing, just before today's rise.
:-)

Lebero,

Good to see you've had time to read about the rail franchises from the gov link I posted and now agree with me.
The govn website clearly states:
"ENDED RAIL FRANCHISING AFTER 24 YEARS" - it's pretty clear and unambigious."
https://www.gov.uk/government/collections/rail-franchising

" if you know more than me about this because you really don’t."

Do you work for the government because you clearly didn't have a clue about them abolishes the rail franchises?

Libero
"who is going to run the trains? "

Secretary of State for Transport.

The fact remains, contrary to what you are saying, the train franchises have been abolished as the train companies are making huge losses due to lack of passengers.

Libero,
"Already 10M shares have been traded. "

currently,
Sold £77k v buy £79k - same traders buying/selling???.

Libero
"So from React's point of view, this is still excellent news, because the trains will run like usual, the TOCs will have the same amount of money as usual, and..."

So you now accept train francises are being abolished?.
Why will trains run like usual, they are half empty, which is the reason the govn is taking control, isn't it?
Margins will be squeezed.


"So from React's point of view, this is still excellent news,"

I await an official confirmation from REAT via an rns that it is excellent news for them.

Jux
" What is the point you are trying to make and why?"

Govn tender out contracts and look for the cheapest provider. This will impact margins and future contract values.

Offices.
BCO/IOD survey:

"Sixty-two percent of senior executives and 58% of entry-level workers want to alternate, according to the BCO, which has around 3,500 members including large office occupiers, architects, engineers and big property firms including Land Securities and British Land."

"The Institute of Directors agrees that more firms are taking a mixed approach to where their employees work. A new IoD survey of almost 1,000 directors found that three-quarters anticipated more home-working after the pandemic, and more than half planned to reduce their long-term use of workplaces."

https://www.theguardian.com/business/2020/oct/05/covid-19-has-changed-working-patterns-for-good-uk-survey-finds