Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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With all this cash, you'd expect them to do something with it. Reinstate the dividend, another buyback but personally I think they're going to buy someone once this integration is over (no reason why, just seems like that they're accumulating cash). Maybe they just want to be mobile if anything attractive does come up on the horizon.
Organic growth in CTV that reflects the growth you'd expect to see from an opportune market as Ofer and others have said it is, is what I would like to see to feel reassured in the shorter term.
Performance as they have said will become less and less of a part of Tremor so decline there is fine in my mind. But if growth elsewhere doesnt outstrip to a good degree the decline in performance I'd be a little worried.
The trading update in December will give a better indication - unless they have stopped doing them!?
Hmm, so the only news anticipated between now and March is going to be bad news...
Hardly going to pull investors in
Management is taking steps to reduce the overall business’s exposure to Performance-based marketing (47% of total revenue) and is focusing the group on video and branding instead. It is also imposing “stringent accounting policies” to RhythmOne.
Performance revenues, which made up 29 per cent of overall turnover, fell 41 per cent from $72.1m (£57.8m) at last year’s midway point to $42.3m.
Brand advertising only make up around 53% of total revenue as Tremor seeks to reposition its business. But strong cash generation and a net cash position are plus points.
So, Tremor’s material exposure to its ailing performance wing is still a weakness.
This weakness and the efforts undertaken to clean up RhythmOne will mean full-year profits will marginally miss expectations.
A positive trading update in January I suppose.
It did at lease include the cash position. Otherwise it was rather uninformative.
Taptica's last full year results were announced on March 19th this year.
There was a trading update which stated 'in line with management expectations' in January.
I'm asking if there is going to be anything to move the share price between now and results in March.
News about what?
Integration was stated to have happened quickly (or words to that effect) and streamlining is ongoing, whilst the focus continues with an emphasis on CTV.
Unless you believe in a possible buyout or another takeover in the pipeline then perhaps not much in the way of hard numbers until next year.
The full year results are due in December but some believe the numbers will be lagging.
Does anyone think we'll get meaningful news before March next year?