If accounted $2m tax refundable, net debt would be $41m. iSentia...

If accounted $2m tax refundable, net debt would be $41m.

iSentia IPO at $2.04/share in 2014;

In FY2015, achieved $127m revenue, reduced debt by $22m and paid $6m dividends; (forecast revenue for FY2019: low $120m).

Previous CIO, Andrea Walsh, joined iSentia in March 2015;

Spent $46m acquired King Content in August 2015 when the disaster started;

Late 2017, exiting Content business;

In February 2018, CEO, John Croll resigned;

In May 2018, CIO, Andrea Walsh left;

—————————————

In July 2018, appointed new CEO (effective 5 August 2018), Ed Harrison, ex-CEO of Yahoo7, Kantar Insights' former Global CEO Travyn Rhall, and Justin Kane, Director of Research and a Founding Partner of Isentia’s largest investor Gilead Capital.

On 26 October 2018, Peter McClelland was Appointed as CFO effective 18 February 2019.

On 7 November 2018, ex-CTO of Yahoo7, Paul Russell, joined iSentia as CTO.


iSentia is now led by new management team, good to see part of ex-Yahoo7 team.
iSentia’s largest shareholder, Gilead Capital currently holds 30.8m shares at average purchase price of about $1.20/share.



AFR article published last December,

“
Things may soon come to a head at embattled media monitoring and technology company Isentia, which is in the sights of US-based activists.

Street Talk understands representatives from Gilead Capital LP attended the Isentia annual general meeting last month and are said to have met with chief executive John Croll and other management ahead of that.

New York-based Gilead is an investment manager that focuses on what it calls "leadership investing" which combines long-term value investing with "constructively engaging" with management teams and boards to elevate governance and returns.

The firm has been quietly ratcheting up its stake in Isentia and now accounts for about 8.7 per cent of the register.”

Gilead Capital continued buying after that, bought further 13.4m, until June 2018.

https://www.copyright link/street-talk/activists-lurk-in-shadows-on-isentia-register-20171217-h06a1x