RhythmOne (Buy PT770p) has today announced a full year trading update. Results are in line with expectations and they also expect the year to march 2019 to be in line with market estimates. We will adjust our revenue numbers down as they are focussing on the highest quality sales, but we are not adjusting our EBITDA forecasts which are Year to march 2019E of $58.4, vs consensus $54m and 2020E of $68m which is consensus. With a 22% FCF we retain our Buy and PT 770p
19 Apr 2018
Results in line/ 22% FCF yield forecast
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Results in line/ 22% FCF yield forecast
Rhythmone (RTHM:LON) | 0 0 4.4% | Mkt Cap: 120.1m
- Published:
19 Apr 2018 -
Author:
Harvey Robinson -
Pages:
4
RhythmOne (Buy PT770p) has today announced a full year trading update. Results are in line with expectations and they also expect the year to march 2019 to be in line with market estimates. We will adjust our revenue numbers down as they are focussing on the highest quality sales, but we are not adjusting our EBITDA forecasts which are Year to march 2019E of $58.4, vs consensus $54m and 2020E of $68m which is consensus. With a 22% FCF we retain our Buy and PT 770p