Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Max,
Agree, there needs to solid evidence of company performance. There still isn't any evidence of rthm's fy2019 (March 2019) results.
As with the past few years, the company/industry stats/newsflow should help...
The events at rthm/TAP have been questionable and the previous rns haven't provided any real clarity..
After the merger, the sp went up after the buy back was announced but failed to maintain that momentum...
Pottery,
"You have consistently viewed now Taptica negatively, which lately, would be moreso correct I'll give you that."
I have posted rthm/TAP company/industry stats/newsflow...
The events for a long time at rthm, pre-TAP merger, and now at TAP have reinforced the view that things are not as they seemed.. and investors are now asking those same questions about rthm that I raised questions before.
Leasehold/Help2Buy:
A significant number of sales have been Help2Buy...
How much of TW's revenue came from single dwelling leasehold prorperties or Help2Buy sales?
"Between 2013 and 2018 more than half the sales in England made by Redrow, Bellway, Taylor Wimpey, Barratt and Persimmon involved Help to Buy."
"Fran Boait, executive director of campaigning body Positive Money, said: "It's now beyond clear that rather than helping those who can't afford to buy a home, Help To Buy has mainly been a subsidy for a housing bubble, benefiting property developers and existing home owners.""
https://www.bbc.co.uk/news/business-48610977
Pottery,
"My initial reaction to it forced me out of the woodwork after that dreadful RNS, since then I've calmed down"
You bought 5 yrs ago but haven't posted... did you not see any dreadful rns from rthm/TAP over the past 5 yrs!! Did you not see any reputational damaging comments/actions/rns over the past 5 yrs?? even though there's been lots of events/rns/actions/ownership changes/M&A etc... and court cases...
As you now claim to have calmed down, do you intend to stop posting again until you see another reputational damaging rns?
Potteryexpert,
Since you've invested for 5 yrs since Blnx days, you would know the full story here since the 2014 blog... blnx --> rthm ---> TAP..
As a matter of interest what id did you use on the different BBs before your current one?
1.65m trade showing as a 'sell'.
"Very vague, no details, no explanation about R1. More waiting around it seems. Thoughts?"
Vague rns' continue as they did with rthm...
Very questionable events over the past yr..both at rthm and TAP...
I think it looks like TAP looking to for excuses before a profit warning... Like rthm, then Blinkx, did after the 2014 blog...
It's for the courts to pass judgement, isn't it? And the court case is months away...
Headlines like this do not do TAP any favours, do they?
Uber claims Taptica (and others) took it for a ride
https://www.thetimes.co.uk/article/uber-claims-taptica-and-others-took-it-for-a-ride-fnjk5lk98
How many of TAP's clients or investors would have read The Times and thought I must go home and then went home to read the court papers???
I think it more likely customers would have seen the headlines and investors would have seen the headlines and the rns, don't you?
It takes years to build up a reputation and seconds to destroy it.
If anything the headlines are a gift to TAP's competitors to use to win TAP's clients...
Does anyone know how much Crest is affected by the proposed Leasehold reform?
How many single dwellings have Crest sold as leasehold?
How much have they put aside to redress leaseholders?
How many Help2Buy properties have they sold?
Thanks.
regarding their statement in today's rns about actively considering implementing a further buy back after the AGM...
The AGM is TOMORROW so why was there a need to make a statement that they're CONSIDERING IT..
It is fairly standard for company's to have an AGM resolution to allow them to buy back shares. It didn't need to be mentioned in a rns, the day before the AGM.
I think today's rns could be to try and calm any agitated PIs ahead of tomorrow's AGM..
Carrot and stick, springs to mind..
I think the 2 rns, 1 yesterday and 1 today about Uber will damage TAP's reputation on releasing reliable, transparent information... they seem to be in a habit of publishing vague and contradictory information... The rthm's huge revenue miss, the not anticipating the ex-CEO selling his holding then the placing etc etc...
Who will believe what they say next?
The court case is months away, so I think it'll be a while before we get some clarity on this...
Tardis,
"Everything that has happened in the last nine months has a stench to it."
Last 18months at both rthm, pre-TAP merger, and TAP...
After the merger completed, Finncap comments about TAP BoD have only just started to look at rthm's full books and operations raised questions...
as did:
2 rthm CFO's resigning within a 5 period, just before the rthm/TAP merger.
rthm CFO resigning just weeks before the rthm/TAP merger completed.
Just weeks ago, the ex-CEOs shares being sold via a deeply discounted placing, the price still being substantially higher than today's closing sp...
I doubt there will be any sensible outcome from the AGM...
Are any of the snr execs up for re-election?
Isn't it lucky that the ex-CEO managed to sell his holding only a weeks ago in a deeply discounted placing but still significantly higher than the current sp...and TAP bought back circa 40% from the placing so looks like a lack of interest from other IIs...
That was very lucky timing for the ex-CEO...
Blnx, now rthm before it merged with TAP...
Back in 2014, after the blog, blnx also gave reassurances just weeks before the profit-warning..
Remember rthm (blnx) provided reassurance after the 2014 blog...then the profit warning...
AFTER the 2014 blog....
"The Company confirms there has been no material change to the operational and financial performance or outlook for the business, and that Fiscal Q3 trading was in line with management expectations."
http://uk.advfn.com/stock-market/london/rhythmone-RTHM/share-news/Blinkx-Plc-Statement-re-Share-price-movement/60855178
then fy2014..still very confident..
"Through our multi-faceted business model, strategic acquisitions, patented technology, expert leadership and talented employee base, we feel we are well positioned to adapt to any shifts in the industry and convert them into opportunities for further success. "
"We're fortunate to have a capable, energized team and resources to seize new and emerging opportunities - both organic and via acquisitions."
http://uk.advfn.com/news/UKREG/2014/article/62082519
However, just 5 weeks later, the BoD issued a PROFIT WARNING...those industry wide issues that they were well positioned to adapt to...
"The shortfall was exaggerated toward the end of the quarter. We attribute this performance to industry-wide issues of efficiency and effectiveness"...
http://uk.advfn.com/news/UKREG/2014/article/62770180
"100,000 shares bought in the last 30 mins of trading."
"Please tell me the last time the buyback level was 100,000 shares in a day?"
Actually, if you look at the trades from yesterday, 3x20k trades, the 3rd one was a cancellation... the 60k was TAP's buy back (announced today) plus another 20k trade, which wasn't part of buy back (not in today's rns)...
"Sizeable Buys going through in the last half hour of trading over the last week."
What sizeable buys??
The 60k is probably TAP continuing their buy back...
Fri 40k was rns today as TAP's buy back..
Thurs 60k was rns on Fri as TAP's buy back...
Weborama and Amazon see the significance of the 3rd party ad server.. So are trying to seize the opportunity after Sizmek's filing for Chapter 11.. These guys see the significant opportunity.. visionaries...
I would have thought TAP would have seen the significant opportunity presented as they claim to be trying to build their business to challenge the big ad tech companies like Google and Facebook... I think it's a missed opportunity..
MAURICE LÉVY'S WEBORAMA MAKES PLAY TO OUTBID AMAZON FOR SIZMEK'S ASSETS
https://adage.com/article/digital/maurice-levys-weborama-makes-play-outbid-amazon-sizmeks-assets/2176191
Connected TV Doesn’t Offer the Best of Both Worlds Yet
Ad tech's bad actors reemerge from the woodwork as demand for programmatic TV outstrips supply
https://www.adweek.com/programmatic/connected-tv-doesnt-offer-the-best-of-both-worlds-yet/
According to Euroclear, avg Shares on Loan (SoL) dropped in May..
Feb 3.07m 4.51%
Mar 3.13m 4.61%
Apr 5.39m 4.18%
May 3.27m 2.53%
https://www.euroclear.com/en.html
Google has spent millions wooing friends in D.C. — but will they save them in an antitrust fight?
https://www.politico.com/story/2019/06/04/google-antitrust-influence-1498341