Member Info for stt1

Ads.txt... Pixalate, 1R have a C rating for ads.txt.. http://www.pixalate.com/sellerinfo/?seller=RhythmOne&i=MjY5NQ%3D%3D

IBTimes are a partner of 1R and are listed as a "Direct" seller. Appnexus are listed as a "Reseller". The article mentions Appnexus. APPNEXUS gets the publicity for picking up the fraudulent traffic. All companies need good publicity, don't they? What better way to get that good PR than showing live examples. According to Alexa, IBT rankings dropped off a few weeks ago, probably due to the fraud being picked up.. Makes you wonder how much fraudulent traffic still exists.. https://www.alexa.com/siteinfo/ibtimes.com Great, these ads.txt files.. helps pick up fraudulent traffic to make the ecosystem cleaner... http://www.ibtimes.com.au/ads.txt

Ad-tech companies drop Newsweek sites amid fraud allegations "Some advertising-technology companies have cut ties with Newsweek Media Group over concerns about allegedly fake website traffic, moves that threaten to exacerbate the company�s financial difficulties as it contends with a wider fraud investigation. AppNexus, one of the vendors NMG used to sell online ads, and SpotX, an ad-tech company that helps sell video ads, each said they have ended their relationships with the company. They cited concerns over invalid traffic on the publisher�s International Business Times websites." https://www.marketwatch.com/story/ad-tech-companies-drop-newsweek-sites-amid-fraud-allegations-2018-03-07

Biffa, Thank you for the confirmation.

Bmac, "Rubbish, you posted the same question a few days ago over on the ADVFM board and repeated it here today in response to biffa." You mean these posts: 16th Feb - Loaf said Whitman Howard is Tosca's Private bank/advisor, so wouldn't you expect their case to be in Tosca's favour? 27th Feb - Loaf, didn't you say Whitman Howard were Tosca's advisors/broker? 6th Mar - "Didn't loaf say that Whitman Howard are an advisor to Tosca?" Oh look, who posted Whitman Howard as Tosca's private bank, weeks earlier.... Loafofbread's post on 29th Jan.. and what Id does he use on this forum??? 29th Jan, loafofbread <...> Whitman who are Toscas private bank have £7.70. "And always remember that if you want to be a convincing liar you need to have a good memory. " Oh Look, YET AGAIN, shown you up for your manipulating and goading posts.. I expect more twisted and manipulating rubbish posts from you, so won't bother wasting my time on your rubbish....

Brassneck, "BP seem to be able to buy back shares despite billions of debt as do many other companies so of course they can, providing in doing so they don't breech any banking covenants - normally some form of debt to profit ratio." I agree if the covenants allow it, they should be able to buy back.. I don't know if they will breach any covenants, hence the question... "On your other point about jam tomorrow I think you miss the whole point of investing (which is no surprise as you don't appear to own shares in R1). If they were already delivering $50m of free cash you wouldn't be able to buy the shares for �2.20. Most people build up a view of what will happen in the future and buy or sell shares now hoping their view pans out and the share price follows - backing their judgement - you should try it." Ignoring your innuendo and goading remarks... Yes, jam tomorrow.. 1R have a history of jam tomorrow.. there comes a point where you would want to see some evidence of them actually achieving solid results and believable outlook... Otherwise it's still 'maybe next year'... IF they are achieving $50m of free cash, the key word being IF... Still 'show me the money'... Regarding cash, this fy, fy2018, I would expect cash of around $15m-$20m... If 1R pay back their Bridging loan, then how much cash would they have left at fy, end of this month? Cash at H1 was around $39m ... cash needed for Yume acquisition $60m, so approx $20m-25m bridging loan needed... If Yume had approx $40m cash.. Pay back $20m would leave $20m cash.. Pay back $25m would leave around $15m cash.. if they payback the briding loan, I think they would have approx $15m-$20m cash..

Bmac, Your comment: "Re. Didn't someone say that Whitman Howard are an advisor/broker to Tosca? Innuendo again. Give us facts to support for this." Question was to Biffa as it was he who made the comment about WH being Tosca's advisor/broker... Note after Yume deal announced, Whitman had a tp of 77p (pre-cons), same as their current tp. Biffa's post on Whitman Howard and Tosca - any poster can go and check it 5th Sept 2017 Biffa's post - subject: Whitman Howard First note out from Tosca private bank/broker/advisor. Buy and 12 month target 77p End March 19 $65M EBITDA on $480M t/o I won't hold my breath for an apology from you regarding your innuendo remark. Your and some of the other's innuendo and goading comments are best ignored and not worth wasting my time over.

Biffa, Didn't someone say that Whitman Howard are an advisor/broker to Tosca? Last Apr, before the fy TU, Whitman Howard had a tp of 600p (post consolidation, 60p pre-consolidation) ... https://www.nandp.co.uk/sharedealing/company/?companyCode=RTHM&companyCode=RTHM Now, after the 2 acquisitions, Rad1 and Yume, Whitman Howard's tp has increased to 770p from 600p, nearly 30% increase.... Whitman Howard's comment on significant cash flow "potential" and a "Potential" for cash back.. "As a result it is, in our view, looking at historic numbers, rather than the 2019 and 2020 forecasts. We see significant cash flow potential going forward, and the potential for a significantly enhancing buy back. " https://*********************/companies/uk/web/rhythmone/research/whitman-howard/revisiting-the-buy-case/e461bf6a-4548-4076-b1b0-02d8568729e3 If 1R back up the bullish comments then the sp will take of itself... A lot of potential, jam tomorrow. Maybe next year, they will. Whilst they have a loan facility in place, will they be able to buy back shares? Anyone know?

Bmac, "So much so that nobody including 1gw concluded that" That was my conclusion from looking at the past SoL... 1gw is entitled to his own opinion...as are you and everybody else. It's a discussion board, isn't it? From my SoL calcs: Nov 2016 - BEFORE Perk acq 1.5% Feb 2017 - AFTER Perk acq: 2.7% Mar 2017 - BEFORE FY2017 results: 0.8% July 2017 - BEFORE Yume announced: 2.8% Nov 2017 - BEFORE Yume completion - before additional shares: 7.4% Feb 2018 - Current: 4.5% Bmac, what is YOUR opinion?

Bmac, Look at my previous post on SoL... I posted the list of SoL from Nov 2016. Perk was completed Jan last year, yet Feb 2017 only showed a slight decline. It wasn't until March that SoL really dropped, so it is obvious to conclude that next month's figures should be lower. "I dare say that if the March Sol has dropped then we won�t hear a mute from you." My original post on SoL was posting the SoL figures, the changes... I see you and the others are still trying to portray the same old message about 'negative' lol

Bmac, SoL: You could further back and you'll find.... (Pre Sept 2017 is pre-consolidation) Nov 6.4m Dec 10.6m Jan 2017 18.5m Feb 13.4m Mar 4.2m Apr 4.35m May 4.8m June 7.5m 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 Various significant points in time over past 14months: Nov 2016 - BEFORE Perk acq 1.5% Feb 2017 - AFTER Perk acq: 2.7% Mar 2017 - BEFORE FY2017 results: 0.8% July 2017 - BEFORE Yume announced: 2.8% Nov 2017 - BEFORE Yume completion - before additional shares: 7.4% Feb 2018 - Current: 4.5% I'm sure Posters can interpret that in whatever way THEY wish....... It shows just before Rad1 & Yume acquisition was announced. They are still significantly higher than a year ago in March, just before fy results, when the Sol was 0.8%.. The current SoL are still significantly higher than when Perk acquisition was completed. The current SoL are still significantly higher than before Yume and still 3 times higher than before Perk was acquired.. If anyone can spot any mathematical errors then please say.

Feb SoL figures out.. According to Euroclear.. Avg Shares on Loan in Feb, up to 3.49m, from Jan's 3.3m... Nov 3.68m Dec 3.17m Jan 3.3m Feb 3.49m https://my.euroclear.com/apps/en/monthly-stock-loan-data.html#month=eq:2&year=eq:2018&limit=17&search=1&order=asc:abbreviation

Appnexus are a 1R partner. Their comments on fee transparency and ads.txt. AU Marketers Must Continue to Demand More Transparency : Q&A with Samuel Tan, ANZ Market Development Director, AppNexus "Both advertisers and publishers will look to only work with vendors that operate with transparency, focusing on how fees are distributed across the digital ecosystem, says Samuel Tan, AppNexus� ANZ director of market development." "Off the back of header bidding, we saw the emergence of Supply Path Optimisation as a mechanism for buyers to cut through unnecessary complexity and identify the most direct route to supply. As a result, intermediaries with non-transparent practices and high take-rates learnt very quickly that their business models were under serious threat. A number of SSPs have publicly announced they have eliminated buy-side fees." "Keeping on the topic of transparency, it was pleasing to see participants embrace the IAB�s Ads.txt initiative. " "This should come as no great surprise, but in 2018 transparency and trust will continue to be key themes for all involved in ad tech. You should expect an intense focus on fees taken by all parts of the digital ecosystem, with marketers and publishers seeking to only work with partners that add value in a transparent way." https://www.exchangewire.com/blog/2018/02/28/au-marketers-must-continue-demand-transparency-qa-samuel-tan-anz-market-development-director-appnexus/

It's time to 'weed out the bad actors' in ad tech, says AppNexus chief "The point of transparency is for us to be able to take look at the ecosystem, see what�s actually going on and find those areas of inefficiencies, find those areas of bad actors and root them out � and that will make the whole thing more efficient.� "His top takeaways were to get onboard with Ads.txt, be firm on fee transparency and choose partners wisely." http://www.adnews.com.au/news/it-s-time-to-weed-out-the-bad-actors-in-ad-tech-says-appnexus-chief

AppNexus begins enforcing ads.txt by disabling buying from unauthorized sellers https://www.marketingdive.com/news/appnexus-begins-enforcing-adstxt-by-disabling-buying-from-unauthorized-sel/518142/

Martin Sorrell's WPP reports worst year for growth since 2009 World�s largest advertising and marketing services group records 0.9% fall in revenues to �15.2bn https://www.theguardian.com/media/2018/mar/01/martin-sorrell-wpp-reports-worst-year- growth-since-2009

Brassneck, "James Murphy meant to say fee transparency, ads.txt and GDPR are top of mind for advertisers and not stupid value adding areas like quality traffic and brand safety?" Who does James Murphy work for? 1R, isn't it? Last year, following Methbot and P&G comments, Rubicon's court case with Guardian, there were DEMANDS for changes. These included Brand Safety and Quality Traffic... I think this year and possibly next couple of years, we will see the 'CONSEQUENCES', to the bottom line, of those changes. 1R are just one company within the ad tech space. There are many other companies in the same ad tech space offering Brand Safety etc... What matters are the results and outlook. If 1R can back up their bullish comments with solid results and outlook then the sp will take care of itself... One such example of a competitor's comments, OPENx https://www.openx.com/resources/thought-leadership/building-trust-through-quality-a-checklist-for-buyers/ Talk is cheap, the proof is in the pudding..Produce good solid results and outlook the sp will take care of itself...

Rusty, Agree, GDPR will far reaching effects and it doesn't just effect 1R(RTHM). Any company handling any personal data will need to assess how it impacts them. 1R handle clients from their O&O sites, PerkTV, PerkWallet, Allmovie, allmusic, sidereel, SFC, 360daily.com etc.. 1R, like other companies, will need to assign resources to assess how GDPR will affect them and the changes needed to comply with GDPR.

Bmac, "The fact that GDPR would be introduced this year has been common knowledge to everyone since at least 2016. " and was the industry change even mentioned on the forum. And was it's impact on the industry and 1R discussed? So it's been common knowledge since 2016.. Well according to this survey only 6% of firms are ready. Now only 3 months to go... Few Companies Are Ready for the Upcoming GDPR Just 6% of firms say they're prepared https://www.emarketer.com/content/few-companies-are-ready-for-the-upcoming-gdpr

Brassneck, GDPR. Thank you for your comments and the usual snips... "It will have no impact on the relative position of R1 vs its competitors." I disagree with you. The industry changes could affect the financials and bottom line of many companies within ad tech. The forecasts in the F4 were made before GDPR goes live, widespread ads.txt adoption was forced by Google, before ITP, before the move to fee transparency... etc etc I think the profit warning is very relevant. It shows management can easily miss the shifts in industry. The 2014 profit warning was issued on BM's watch and he only resigned last July. It'll take time for new management to get to grips with the combined company and staff. As often happens, management look after staff and projects they already know 1st. We'll have to agree to disagree and see what happens...