Member Info for stt1

SoL slight drop from May's Avg 3.29m, 4.47%, to June Avg 3.17m, 4.29%

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...

Mar to Aug 2017 adj for 10-1 cons)
2017
Mar 0.42m 0.93%
Apr 0.435m
May 0.48m
June 0.75m 1.58%
July 1.44m
Aug 1.77m
Sept 2.87m (after 10-1 consolidation - so 28.7m pre-consolidation)
Oct 3.05m
Nov 3.68m
Dec 3.17m
2018
Jan 2018 3.3m
Feb 3.49m 5.29%
Mar 2.93m 4.1%
Apr 2.76m 3.79%
May 3.29m 4.47%
June 3.17m 4.29%

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

Google delay on ads standard for EU privacy law creates compliance mess

"Authorities in France and Germany said they have yet to investigate consent issues related to online ads. Financial and legal analysts said it is a matter of time."

"AppNexus said it “has turned off European traffic” from about 100 publishers. AT&T Inc <T.N>, which last month agreed to acquire AppNexus for a reported $1.6 billion, said they are operating as separate companies pending regulatory approval and declined to comment on specific GDPR issues."

http://www.euronews.com/2018/07/03/google-delay-on-ads-standard-for-eu-privacy-law-creates-compliance-mess

Cannes Briefing: A quieter, more pensive week in the Riviera

GDPR is having an impact

"Visit NYTimes.com in Cannes, and you will get a bunch of house ads. That’s because of the General Data Protection Regulation, according to Tomich. Right now, there are no plans to turn back on programmatic, with the Times instead adopting a wait-and-see approach. GDPR is also a factor in the thinned ad tech flotilla. And one persistent talking point: GDPR is a headache, but the California ballot initiative underway could very well become a nightmare. The reality is a privacy revolution has begun that will result, in an ideal circumstance, in less but better data in media and advertising. — Brian Morrissey"

https://digiday.com/media/cannes-briefing-quieter-pensive-week-riviera/

stevie,

"you're only taking an educated guess"..

Yes, absolutely, as are everybody else, aren't they - even the cheerleaders and their mates...

It's an opinion based on the newsflow available in the public domain, 1R's history and what tends to happen with shares after CEO/takeover/industry changes/economic changes etc...

The current sp is 16.5p, old money, fell back recently, as predicted ? and there's been a downward revision of the revenues, as expected?

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

The point is everyone should be entitled to an opinion without the personal attacks... agree or agree to disagree..

RPB1,

Re 'Cheerleaders'.. gangs or boiler room scams. pump and dumps.. nobody in their right mind would hand over thousands of pounds to someone knocking on their door, wearing masks, without looking at ids or asking questions about anything being sold to them... Yet, they get convinced by anonymous posters/gangs working on BBs...

Read all bull/bear points.. Do your research, it's your money...

Not just sobeit but where's Shroder from here... he disappeared around same time as sobeit on iii...

Where's BouncyDeadCat as well?

Brassneck,

Can you and the others please post your opinion of this? In-depth analysis with financial analysis as to how 1R will benefit.
I'm sure others would also appreciate your in depth analysis on how 1R benefited from being no1 for whole of 2017.

(as to gowlane's post, I thought it was you who couldn't find the post, I didn't have any problem)

Note my points were metrics/CEO info which are in the public domain...

Nothng stopping anybody posting bull/bear points or industry newsflow - bull or bear, is there??..

Pg 35 of AR..

BM had a salary of $212k and received $740k for loss of office, having 'resigned' July, last year ..

Ted 'resigned' in May and had a salary of $377k..

How much will Ted receive for 'Loss of Office', to appear on fy2019 accounts?

http://investor.rhythmone.com/assets/pdf/R1_Annual_Report_FY18.pdf

well Docs posted a few points and I've posted some points... as no one else has any other points, does everyone think Doc's points are the ONLY positives going for 1R?

Does everyone want ONLY my opinion and nobody else?

docmartin, thanks..

Shares On Loan: since Nov, just before Yume acquisition was completed.

Nov 3.68m
Dec 3.17m
Jan 2018 3.3m
Feb 3.49m
Mar 2.93m 4.1%
Apr 2.76m 3.79%
May 3.29m 4.47%

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

- New CEO/president, 3 different CEOs in 12 months
https://investor.rhythmone.com/newsroom/2018/05/29/directorate-and-management-changes

- Reuters - Revenues being revised down
https://www.reuters.com/finance/stocks/analyst/RTHM.L

Opinions?

Pg 35 of AR..

BM had a salary of $212k and received $740k for loss of office, having 'resigned' July, last year ..

Ted 'resigned' in May and had a salary of $377k..

How much will Ted receive for 'Loss of Office', to appear on fy2019 accounts?

http://investor.rhythmone.com/assets/pdf/R1_Annual_Report_FY18.pdf

As Turkle asked...

"Are there any positives? If there are any please list them."

Discuss...

I never said having knowledge of accounting or the industry is a bad thing but sometime too much in depth can cloud the overall picture... My accountant gave me his opinion of Blinkx's subsidiaries when they were blinkx2, 3 .. that was enough for me...

but you seem to think it makes you a better investor... as you/brassneck have suggested it in the past that I give full well written arguments, with financial details why 1R for not buying 1R and questioned my research of TLY..

30yrs of investing has taught me that you don't need to be an accountant to understand when a business is operating in a highly competitive market, where industry challenges will, imo, impact them...
You don't need to be an accountant to understand that 1R have a history of making bullish comments and then not backing them up when it comes to results.... everyone can see that..

"I also think I am more likely to get a discussion going on a bulletin board if I take some time to write a post as well as I can and get the facts right in the post."

well, it hasn't worked, has it? Maybe it's BECAUSE POSTERS WANT TO KNOW WHICH WAY THE SP IS GOING SO THEY CAN DISCUSS AND DECIDE WHETHER "THEY" SHOULD STAY INVESTED, BUY OR SELL.. after all, THEY ARE HERE TO MAKE MONEY FOR THEMSELVES... AND NOT FALL IN LOVE WITH THE COMPANY...are they not???

Contrarian posters put up some challenging questions? industry challenges (ads.txt, move to fee transparency, GDPR) and I provide some articles, which comment on industry changes/challenges... I would hope posters then discuss them...

I tried to start a discussion going by posting some metrics... that's all you need, some metrics or news article and posters discussing them. Instead some posters on here suggest anyone with a contrarian view has an agenda and non-shareholders MUST not have an opinion!!!

You don't need a well written, full page post to start a discussion... I tried starting a discussion, whether it be with Shares on Loan, industry challenges or news articles etc.. short posts...

Has anyone ever posted the full case for buying 1R - bull/bear points? No...
Maybe that's a start...

all imo, do your own research...

Brassneck/1gw,

Do you believe that those posters who post a well written, smooth, posts are better investors...or even those who use their knowledge of accountancy are better investors... and really??
Remember Shroder or Sobeit from iii... lots of well written posts, posts about the great Blinkx ecosystem, how blinkx are doing so well... but no mention of leadimpact, pinball, verti tech etc...

What happened to them??? Where's DeadBouncyCat?

You don't need to be an accountant to see that an industry suffering badly from fraud, dozens of companies in the same ecosystem fighting for a small slice, where duopoly rule, industry challenges (ads.txt, GDPR, move to fee transparency), will have an uncertain outlook...

Whether it be ad tech, banks, retailers, railways, when there are major concerns, all companies within the sector suffer, some more than others... there are some leaders, majority followers, of which 1R is one..

Newsflow is very important - sensible posters adjust their views when newsflow changes....

The evidence is in the results and current sp, 17.5p, old money...

Brassneck/1gw,

Do you now accept that revenues for fy2019 are going to hugely fall short from the initial revenue forecasts of last year - F4, which was used to persuade 1R and Yume PIs about the deal.

Despite the fact that 1R in their TU outlook statement and their May 29th rns stating that they reaffirm the outlook statement that now they will fall well short of their revenue forecasts, in fact a huge miss...

“We are pleased with our results for the year, and the progress we have made against our targets in terms of revenue growth, profitability and product integration. We believe we are well-positioned to deliver a further strong performance in FY2019 – fully in line with current consensus estimates in market – as we realize the full contribution of the YuMe acquisition. We anticipate that our programmatic platform will continue to serve as the Company’s principal strategic growth driver, reinforced by video and Connected TV leadership, unique audience data and a commitment to quality and brand safety in our marketplace. Further, we will maintain strong cost discipline, driving efficiency within the Company with the aim of sustained profitability and value generation for shareholders.”

https://investor.rhythmone.com/newsroom/2018/04/19/trading-update-financial-year-2018

"RhythmOne affirms the outlook statement made at the time of its trading update on 19 April 2018 and expects performance for the full year ended 31 March 2018 to be in line with expectations. The Company intends to release its full year results on or around 14 June 2018."

https://investor.rhythmone.com/newsroom/2018/05/29/directorate-and-management-changes

"Do you agree that companies don't adjust their FY accounts after the year end or not?

That no company delays publishing their full year results to adjust items based on what has happened in the then current financial year?"

No, I don't agree...Actually, companies do adjust their fy accounts between fy and them being signed off by the auditors.. .auditors could raise questions which would mean the accounts needing adjusting.. That is not uncommon.

If the company is going through a major restructure and internal audits needed then there is no reason why they wouldn't delay publishing their accounts, whilst they do so...

And companies have been known to restate previous year's accounts following a audit.

Revenues at 1R are being reduced by huge amounts, as expected, and we're only in qtr 1.

That's strange because Gowlane also predicted a loss of $15m-$20m for fy2018 on the non-blinkered thread... The loss was $13.75m (comprehensive loss of $15.58m, pg17 of results), so pretty good prediction for a PI, don't you think? and as always these are discussion boards, so up for discussion....

What was your/1gw loss prediction for the loss for fy2018?

as to trade receivables and the number of overdue days most likely being over 60days...

Pg70 of AR... trade receivables..

They state 1-90 days $26.5m
over 90days $6m

and they also state the AVERAGE credit period has INCREASED... (due to client mix)
"The average credit period taken on sales is 79 days (2017: 67 days)".

results:
https://investor.rhythmone.com/assets/pdf/RhythmOne_FY2018_Results_140618.pdf

AR:
http://investor.rhythmone.com/assets/pdf/R1_Annual_Report_FY18.pdf

again up for discussion instead of the usual snipping....

well spotted by gowlane, advfn...
His post below:

"Has anybody heard anything about the rather large balance for overdue debtors, categorised as between 1-90 days overdue at 31 March, page 70 of the annual report, totalling over $32m. Mostly likely all past 60 days due at that point, else why even mention them?

Assuming that they were not settled by the time the accounts were signed off in mid June, that would mean that they were over 120 days old at that date.

But no mention of settlement anywhere. Perhaps they were delaying the accounts hoping that these would be settled first?

Or is this the latest iceberg out there waiting to hit the Titanic investment known as Rhythmone?"

pg 80
http://investor.rhythmone.com/assets/pdf/R1_Annual_Report_FY18.pdf

Despite the 'market consensus' outlook in the TU, just a couple of months ago, Numis have now reduced their revenue expectation by around $50m... As 1R pull low-margin business areas.. GDPR became effective from 25th May...nearly a month ago... How much of that revenue reduction, low margin business being closed is due to ads.txt, GDPR and other industry challenges... eg Drawbridge, one of 1R's clients, closed their EU operation down.. that would lead to revenue reduction at 1R... "The main theme that emerged is that GDPR is a huge and that the EU regulators are taking it very seriously. Attendees struggled thinking that they are not really sure if they are ready. Many had a lot more questions than we had time for answer. GDPR is going to keep things very interesting." https://www.csoonline.com/article/3283235/privacy/it-was-35-days-to-gdpr-and-a-lot-of-sleepless-nights.html

Brassneck, "I can't make it as in Spain, either on a family holiday or a boiler room conference on multiple id tricksters, I'll let Stt decide which." Did anyone mention multiple ids and boiler room on lse? I thought you didn't read advfn??? oops...