Member Info for stt1

3 Ad-Tech Stories You Need to Know This Week

- The Trade Desk continues to profit from its point of differentiation

- Rubicon Project is still smarting from dropping its buy-side fees

- Telaria continues its sell-side turnaround journey

https://www.adweek.com/programmatic/3-ad-tech-stories-you-need-to-know-this-week-4/

The increasing need for NHS 111 and IUC...

NHS emergency care in crisis all year round

"An NHS England spokesman said: "The NHS's extensive planning for winter is already well under way, with access to clinical advice through NHS 111 and evening and weekend GP appointments improving people's access to care, plus action by hospitals and local councils to free up beds by reducing long stays."

https://news.sky.com/story/amp/nhs-emergency-care-in-crisis-all-year-round-11546805

That was simply because previously, Don was working part time - No other reason.
If he was no good then I suspect BH would have sacked him. If anything it suggests to me that he must be valued by the BoD.
Don also has many years experience in raising finance and M&A. I think that showed when TLY successfully had their placing in 2017 and raised £17m many times their then mcap.

With Vocare the group grew hugely in size (staff and revenue) and so it seems to me that, after the successful £17m placing they decided they needed a full time FD (note not CFO as 1gw suggested!) but kept Don on board whilst they continue their 'add and build' strategy.

Lisa Barter, the FD, has many years experience working in healthcare, having worked at Care UK

Donald has 5 appointments.

https://beta.companieshouse.gov.uk/officers/poSnfVtNWFjYgBOak4jtVqHMoWU/appointments

Graham,

I believe they were aware of the situation at Vocare, hence why I think they paid a lower price than originally expected... to allow for the time and money needed to resolve any issues. They have stated that it's taking longer than expected but the price reflects that.

TLY are aiming to build a leading OOH company.... That involves aligning themselves to NHS plans... otherwise TLY will get left behind...
The NHS requirements for IUC are being rolled out... it is too early to judge whether the NHS plans or TLY strategy will pay off...

"The accountant at the time probably didn’t do him job properly hence why they moved him sideways"
I'm sorry, I'm not sure what you mean. Which accountant are you referring to?

were today's large trades one of the II who were lending out the shares, had them returned and decided to sell them????

Hopefully, we'll get a holding rns later...

graham

"The close,er you look at the Vocare accounts you have to wonder if they actually done their homework on them before paying what they did".

They did complete the DD. The process from time of TLY shares suspension to announcing the acquisition was around 10weeks... 21st July to 6th Oct... and I believe they had Vocare in their sights for a long time before July.

I believe the price paid was a lot lower than they were originally expecting to pay.

Also New NHS requirements for IUC meant that if TLY wants to persue their aim of being a leading OOH provider then they have to align themselves with NHS plans...

Shares on Loan...

Oct SoL drops to 2.13m, 2.87%

Apr 2.76m 3.79%
May 3.29m 4.47%
June 3.17m 4.29%
July 3.62m 4.89%
Aug 3.53m 4.76%
Sept 3.22m 4.33%
Oct 2.13m 2.87%

https://www.euroclear.com/en.html

Totally Interim Loss Narrows As Revenue, Order Book Grows Amid Buyouts

http://www.morningstar.co.uk/uk/news/AN_1541410817625638300/totally-interim-loss-narrows-as-revenue-order-book-grows-amid-buyouts.aspx

Industry challenge - update on Apple's ITP...

APPLE'S LATEST ANTI-TRACKING FEATURE IN SAFARI TAKES TOLL ON DIGITAL ADVERTISING

https://adage.com/article/digital/apple-s-itp-2-starting-a-huge-impact-advertisers/315476/

Last year they announced the 'notice of results' on 31st Oct.. and the results were on 4th Dec.
Maybe they announce the date sometime this week?

"The Company notes the recent weakness in its share price and confirms that it is not aware of any developments since the release of its Trading Update on 17th October 2017 that would change the outlook contained in that statement."

https://investor.rhythmone.com/newsroom/2017/10/31/notice-results-oct-2017

US tech stocks tank as Amazon and Google reveal disappointing results

https://www.independent.co.uk/news/business/news/us-stock-market-tech-amazon-google-alphabet-wall-street-trading-a8602256.html

Graham.

"Biggest problems with the NHS"

includes pharmaceutical companies... £1000 for a bottle of mouth wash!!!

"‘NHS England is being ripped off to the tune of £230,000,000 a year as the price of some off-patent drugs and non-standard preparations or specials have been hiked up."

https://metro.co.uk/2018/10/23/drugs-company-charges-nhs-more-than-1000-for-a-bottle-of-mouthwash-8066883/amp/

Traa,

There were also 250k trades on 2nd Aug.
On 3rd Aug Newlands announced they moved above 3%, so could be anyone.

Hopefully, we'll know soon enough who it is..

https://polaris.brighterir.com/public/totally/news/rns/story/ryq6zyw

Healthcare group Totally in bullish mood after strong second quarter

https://www.proactiveinvestors.co.uk/companies/news/207734/healthcare-group-totally-in-bullish-mood-after-strong-second-quarter-207734.html

Brassneck,

"Looks heavily oversold given progress in turn around."

Not a surprise though, is it?

Good to see both you/1gw turn positive.

I think the sp drop is because of the disappointing TU and was expected...

NO update from the HOUSE BROKER, Numis, following the TU - Previously they had commented after TU/results
NO mention of Cash balance
CFO leaving.
Changed Market to Management expectations.

Numis:
http://www.numiscorp.com/x/MainResearchDownload.html?id=17740&stype=stock

TU:
https://investor.rhythmone.com/newsroom/2018/09/25/directorate-and-management-changes-092518

and regarding Shares on Loan and 'anticipated good' results...
Look at the SoL before TU/Results, seem to reduce (possibly on 'anticipation of good results') and then increase after TU/results...

Sept Shares on Loan. down slightly on Aug, which could be 'on the expectation' of a decent H1 TU and outlook. It would be interesting to see what they show for Oct, ie after the Sept H1 TU...

avg SoL is still relatively high compared to pre Yume deal being announced..

SoL:

Shares On Loan: since Nov, just before Yume acquisition was completed.
It is still more than double the avg % from last June, after fy 2017 results were announced and pre-BM departure and Yume announcements... and still 4x the avg % following the Perk acquisition...

Nov 3.68m
Dec 3.17m
Jan 2018 3.3m
Feb 3.49m
Mar 2.93m 4.1%
Apr 2.76m 3.79%

fy2018 TU..

May 3.29m 4.47%
June 3.17m 4.29%

fy 2018 results...

July 3.62m 4.89%
Aug 3.53m 4.76%
Sept 3.22m 4.33%

https://www.euroclear.com/en.html

Instadeth,

Yes you are correct. The broker is the 'shareholder' as such and will appear on any company's shareholding. If the underlying holder, their client, wishes to attend meetings then they would normally obtain a letter of authority from the broker, stating that they are the holder of n number of shares.

Regarding brokers being 'free' to short. Some years ago, I asked HL, my broker and they stated that they do not lend out shares.

I suspect one of the II are lending out shares for a fee in anticipation the sp will rise later. When Blackrock were the largest shareholder in 2013-14, they were lending out Blinkx (now rthm) shares to short. Blinkx issued issued a profit warning and Blackrock were caught out, as the 'anticipated rise' did not occur.

"At the time, BlackRock was allowing its back office to loan a portion of its Blinkx stock to short sellers. It meant that when Professor Edelman published his blog, BlackRock was helping to drive the price lower. At the time BlackRock owned 11.6pc of Blinkx, meaning it lost nearly £30m in a day."

https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10947330/BlackRock-restricts-share-lending-after-short-selling-attack-on-Blinkx.html

4 Ad-Tech Stories You Need to Know This Week

M&A continues in the sector but not at the heady heights of yesteryear

https://www.adweek.com/programmatic/4-ad-tech-stories-you-need-to-know-this-week/

Max
"Maybe it's true that someone is loading up on the cheap.....(30% drop in less than a month...) BUT, in order to do that they need someone to sell,so who is selling????must be shorters activity"

So when the sp drops, 'someone is loading up on the cheap'.. if the sp rises, someone knows something...

Maybe it's the sp rising on anticipation that the company will back up their bullish comments and then falls when the TU/results are announced, after they fail to do so... as previously mentioned...

Also have a look at the Reuters site...

as of today, 21st Oct..

"consensus estimate trends

fy2019 comparing 2 months ago v current.:
Sales 2m ago $422.45m, current $402.40m...
EPS 2m ago, 0.58c, current 0.54c
fy2020
sales 2 months ago $452.70m, current $433.45m...
EPS 2m ago, 0.64c, current 0.62c

Estimate Revisions summary..

for both 2019 & 2020, Revenue & EPS....ALL DOWN over past 4 weeks...ie since TU

https://www.reuters.com/finance/stocks/analyst/RTHM.L

I think they are still a 'show me the money' share...