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09 Nov 2017
N+1 Singer - RhythmOne - Financing and Brand
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N+1 Singer - RhythmOne - Financing and Brand
Rhythmone (RTHM:LON) | 0 0 4.4% | Mkt Cap: 120.1m
- Published:
09 Nov 2017 -
Author:
Singer CM Team -
Pages:
3 -
The Company issued an announcement yesterday afternoon confirming it has integrated RadiumOne and is now using the RhythmOne brand. This will help reinforce the rapidly evolving scale and presence of RHTM in the marketplace. In addition the Company announced this morning that it has secured a $25m senior RCF with Silicon Valley Bank. The funding is designed to provide cash to support strategic initiatives and general corporate purposes. The recent drift in the share price highlights deep value. We expect a continued improvement in the business to be announced at the interim results stage on 4th December.