Member Info for stt1

After 6months of ads.txt adoption, 1R are currently 21st/30.. https://adstxt.firstimpression.io/

I would expect some changes to the forecast because of the new IFRS 15 accounting rules. From F4: - "The RhythmOne Projections do not reflect the impact of new accounting standards that RhythmOne has not yet adopted, such as IFRS 15, Revenue from Contracts with Customers, or IFRS 16, Leases, or the impact of the Tax Cuts and Jobs Act." - "No independent registered public accounting firm has audited, reviewed, examined, compiled, or applied any agreed-upon procedures with respect to the accompanying prospective financial information nor have they expressed any opinion or any other form of assurance on such information or its achievability." https://www.sec.gov/Archives/edgar/data/1713721/000119312518021752/d399085df4a.htm

BMAC, "Yes we know al that stt. It�s all in the F4. " It's important to mention them when you refer to the forecasts in the F4.. "The estimated revenue projections for 2018 ending 31 March 2018 were $311 million in the F4 with EBITDA at c. $30m and free cash flow c. $10m, but take on board the following." Yes, we know all that, it's all in the F4, together with their notes stating that the forecasts can't be relied on...

It is worth mentioning in the F-4, regarding the financial projections, 1R themselves, state as notes: pages 86 & 87 "Certain RhythmOne Prospective Financial Information " - "The RhythmOne Projections should not be relied upon due to their age and the unpredictability and uncertainty of their underlying assumptions and estimates." - "The RhythmOne Projections were prepared by, and are the responsibility of, RhythmOne�s management and were not prepared with a view to public disclosure, except to the parties identified below, nor were they prepared with a view toward compliance with published guidelines of the SEC," - "The RhythmOne Projections do not reflect the impact of new accounting standards that RhythmOne has not yet adopted, such as IFRS 15, Revenue from Contracts with Customers, or IFRS 16, Leases, or the impact of the Tax Cuts and Jobs Act." - "No independent registered public accounting firm has audited, reviewed, examined, compiled, or applied any agreed-upon procedures with respect to the accompanying prospective financial information nor have they expressed any opinion or any other form of assurance on such information or its achievability." https://www.sec.gov/Archives/edgar/data/1713721/000119312518021752/d399085df4a.htm

Brassneck/1gw/Biffa, "I agree it�s not a firm indicator". Biffa suggested that the TU is late so there must be good news. I proved that was not the case by showing that in 2016 & 2017, the fy TU was 1st and 2nd respectively. Are you saying the fy2016 TU & fy2017 TU followed by the subsequent fall in the sp was good news??? If so, why did the sp fall? This year, we also have the recent Yume acquisition, completed in Jan, to contend with. This year, the yr end, 31st March, was during the Easter hols. Can you please provide evidence where over the last 4 yrs, a good fy TU, followed by sp rise, came out late April, ie AFTER 2nd week of April?

Biffa, " The company has been quite clear with its guidence and with no early statement you have to expect a positive set of figures." Why would the timing of any TU suggest it's good or bad? The timing bears no relevance. It's only 2nd week after fy end. In 2016, the TU was on 5th Apr and last year it was 11th April. Nothing unusual about it now being 2nd week of April then. Last Year's fy TU was on 11th April - 2nd week of April. https://investor.rhythmone.com/newsroom/2017/04/11/trading-update-financial-year-2017 In 2016, the TU was on 5th Apr - 1st week of April https://investor.rhythmone.com/newsroom/2016/04/05/trading-update-financial-year-2016 On Both occassions, the sp fell after the TU. https://finance.yahoo.com/quote/RTHM.L?p=RTHM.L

What are the bull and bear points re 1R/industry?

"In the recording Dan said, quote, from where we sit in the ecosystem we have very little personally identifiable information, " So what are Perk's "engaged" and Allmedia's customers? and all the other 'Premium" O&O properties... they sign up to the service, don't they? Why are they premium then? Email, IP address are all id information. Might explain why they closed their browser extension, SupportFreeContent...

1R bought Perk with the millions of 'engaged customers'... Their rns stated: "Perk is a mobile-first rewards and engagement platform that matches the interests of consumers with those of brand and performance advertisers. " "Perk�s portfolio consists of 15 premium owned-and-operated apps, which deliver unique targeting opportunities for advertisers at the precise moment of consumer engagement and interaction, delivering insights and actionable results, both on- and off-line. " https://investor.rhythmone.com/newsroom/2016/12/04/rhythmone-plc-to-acquire-perk-inc i would have thought with those premium "engaged consumers" and those they have from the Allmedia acquisition, as well as any third party data from other ad tech suppliers, would mean 1R will be affected by GDPR. I don't think any ad tech company will ever say that it will affect them badly and I doubt they will put a figure on it... However, I don't think we'll know the consequences of GDPR, but especially ads.txt, move to fee transparency, move to fewer DSP/SSP, DataXu legal case, for a good few months, maybe a year. There's also the new management and what they have planned for 1R.

We'll know in a few days if 1R achieve their forecasts...

Hopefully, we'll have a TU next week...We'll know whether your figures are your own speculation or fact. Unless your figures are next year's projections - in which case you forgot to mention it... Let's see if they can meet this year's expectations 1st...

Google are now rolling out their alternative to Header Bidding, Exchange Bidding... As previously commented, RhythmOne were already a EB Beta partner and are mentioned in their table of EB partners After being in Beta for many months, Google now announce full rollout of Exchange Bidding "The rollout has taken place a little under a year since Google first launched Exchange Bidding in open beta (after an earlier 12 month private pilot scheme) with the online behemoth claiming that trials had seen earlier participants bolster programmatic revenues by as much as 40%." "However, these research numbers have since been further built upon, with OpenX � a supply-side partner that has partnered with Google on its Exchange Bidding roll out � claiming that publishers trialing the emergent technology with the pairing have seen an average yield increase of 48% in the 12 months since the two started working together. Furthermore, OpenX claimed that the top 20 publishers using the technology experienced an average revenue lift of more than 130%." http://www.thedrum.com/news/2018/04/04/google-announces-full-rollout-exchange-bidding-counter-header-bidding-rise

Acccording to Euroclear, March Shares on Loan was 2.93m compared to Feb 3.49m - the fall in Sol is smaller than I expected... July 14.4m Aug 17.7m Sept 2.87m (after 10-1 consolidation - so 28.7m pre-consolidation) Oct 3.05m Nov 3.68m Dec 3.17m Jan 2018 3.3m Feb 3.49m Mar 2.93m https://my.euroclear.com

In 2016 RTHM's previous CEO, BM, announced a "Pioneering Initiative" called SupportFreeContent (SFC). It was a browser extension for users of allmedia - RTHM's O&O allmusic.com, sidereel.com etc... Didn't It seem more like their previous initiatives, getcheep (?) & skyrocketplayer? According to Alexa, the rankings had been falling for a while and crashed around Sept/Oct: https://www.alexa.com/siteinfo/supportfreecontent.com The SFC site doesn't exist anymore. http://www.supportfreecontent.com/ H1 2017 (Nov 2016) and Fy2017 (May 2017) results stated: "Another pioneering initiative designed to enhance the experience for RhythmOne publishers is called Support Free Content. This initiative arose out of the need to recapture revenues lost due to ad blocking. Support Free Content helps publishers address ad blocking by offering consumers choice � gating their access to publisher content via a set of monetization options that range from subscription, to white listing within their ad-blocker, to downloading a browser extension that provides alternative avenues for monetization. " https://investor.rhythmone.com/assets/pdf/RhythmOne_HY17_Results_151116.pdf https://investor.rhythmone.com/assets/pdf/RTHM_FY2017_ResultsRelease_15May2017.pdf Looks like it was ditched, just like their previous ad ware initiatives, getcheep(?) and skyrocketplayer (?) Search for 'SupportFreeContent" and read the reviews... I wonder if they will comment on why it was closed?

DrShaggy, "Nothing to do with the company itself of course." Nah, of course not - and nothing to do with the industry changes/challenges.. ;-)

Great to have another long termer here. Welcome. We've had some long termers, who stopped posting sometime ago and some who returned after a long time. I noticed your profile was created 5 days ago. Are you a returner?

GDPR is EU law becoming effective from next month. The Secretary is also Chief Legal Officer. GDPR and the recent court case with DataXu, involving fees, both come under the Chief Legal Officer's remit. Until there is a rns showing Goldman Sachs holding, it is speculation.

I would have thought 1R would update their shareholder list when a TR-1 is filed. The new Secretary is also Chief Legal Officer and I would have thought her priorities wouldn't be to update the website. I would have thought other matters like looking at the impact of GDPR, fees (Dataxu etc) would be priority.

Has anyone seen any rns or proof of GS stake? I haven't and 1R's website doesn't show it. https://investor.rhythmone.com/financial-info/shareholder-information Even if GS do buy a stake, does anyone think it will make any difference? Given RG's, Tosca's stake hasn't, why should GS'? What matters is IF 1R back up their bullish comments with solid results/financials and believable outlook, addressing any industry challenges then the sp will take of itself.

Update: March 28th "STIPULATION of Dismissal with Prejudice by DataXu, Inc..(Stern, Benjamin)" https://www.pacermonitor.com/public/case/22028832/RhythmOne_LLC_v_DataXu,_Inc