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To those who think this is a good share they are now back to below 2019.
Won't even make 2019 y/e figures even if you believe them and I don't!
Been lying through their teeth and laughing all the way to their bank.
SP from 8.68 to 1.70 in two years of fabulous news!!!
jr
It's been a bloody sight cheaper than 183 and not so very long ago.
Shorters are celebrating today.... while the share has never been so cheap!!! 90 million euro net cash, 142 million shares, market capitalization 250 million.... rising turnover and solid balance sheet... ridiculous!!!
Based on the news and the slunp from 400p before today do people think this is a bit overdone please ?
Congrats on your graduation
Ok, I found the salient bit. Tucked away, several pages down, after all the "Significantly improved", "We were incredibly pleased" and "We remain excited" hyperbole, I find this (which I copy for anyone else who like me struggled to find it):
"Full year 2023 Contribution ex-TAC in a range of approximately $320 - $330 million compared to previous expectations for approximately $400 million.
Full year 2023 Adjusted EBITDA in a range of approximately $85 - $90 million compared to previous expectations for a range of approximately $140 - $145 million".
Amongst the many opaque RNSs I've read, this one stands out... so already a red flag against management and I won't waste any more of my time on this company. Swipe left.
Thanks Scorpion.... good name.
Sorry if you're losing here.
Unhooked? More like unhinged…. Go back to nursery school
*can anyone help
Reading the RNS and it appears they are making good progress. Yet the sp has dived 30%, so clearly I've missed some 'bombs'. I'll have to go back and look for them, an anyone help?
Is this how TRMR usually report their Results - so opaquely, hiding things away?
The fools running this mess need to drive 8 miles to the Perion office and find out how Perion does it, quarter after quarter, year after year. PERI knows their business, they give accurate guidance, they always beat expectations then raise guidance.
And they don't take nearly as much in SPC or compensation.
How can these idiots get it so wrong, quarter after quarter? Are they that clueless? Apparently so.
It's amazing how only a short time ago brokers were saying that Tremor wwas worth over £10....I wonder what has changed. I guess even 'experienced' brokers and self-proclaimed stock 'experts' can get carried away by their own hype.
Even Ofer's soothing words didn't help this time. Market doesn't like the results.
Back to square one ! we really need to set accurate guidance and actually meet it else we will continue to be slapped down every quarter.
Time for this management team to be eviscertared by the big shareholders.
Total crooks
You can’t make this up really… the p-ss take is maximised with this RNS!
Reported EBITDA $-3.6m whilst adjusted is +$21m from which $6.5m is stock based compensation ahahahhaha oh it’s not even over 12m but 3m !!!!
These crooks are literally transferring your cash into their pockets.
TRMR is the poster child of what not to do in accounting when you are publicly listed.
STRONG SELL
I am not going to waste my time getting up early for the call, I'll catch it on a replay, but only after I've taken something to dull the pain.
Not good. Miss top and bottom, guidance is HORRIBLE.
Eff this crap.
Lowering expectations yet again 😔
Jonhas, I’d forgotten that I’d posted a link here on the 3rd July showing the fallout from MediaMath’s demise. Unruly actually on the hook for $1.4 million by that account. https://www.adexchanger.com/online-advertising/mediamath-owes-more-than-100-million-to-at-least-200-companies-including-magnite-and-pubmatic/
Re …your, I believe the theme is more nuanced than simply increased media with reduced ad spend. Hence the mixed results - with Viant and TTD both having reasonable results and outlooks.
Yep, DSP’s (Viant and TTD) did indeed perform better than their SSP counterparts (Magnite, Pubmatic). But aside the structural issues that you mentioned for Magnite, it has been widely reported in various ad tech media that the supply side has been struggling in the current macro environment.
As for Tremor? Years in the re-sculpturing, this ad tech engine now has huge potential, we just need a few good sets of quarterly numbers to lift the lid. I hope and pray it starts Thursday.
Fine thanks Gdog, apart from busy, I trust you are also?
Well, I've been through each of the call transcripts for all of them, some more than once and I believe things are looking okay for TRMR. Its a somewhat complex picture and not simply a macro environment story. Whether TRMR surprise on the negative side is still possible of course but the FD was confident in the last call and that was well into the quarter so fingers crossed. The outlook will of course be the key to sentiment but Viant managed to be positive and I've seen correlation between the two before so ...
Hey Jon, how're you doing, bro?
I am SWAMPED with my project in Idaho and projects here, so no, not yet. It is driving me crazy...but fingers crossed I'll be saying "all's well that ends well" next month. Or maybe October. Or November...ha. I am too old for this sheeeet.
Hi Radium, replies to your points below.
1. I believe we do have a good idea of Mediamath's impact on TRMR - a list of creditors with amounts owed was posted at the time and from memory whilst Magnite and Pubm were number one and two, TRMR with Unruly were well down the list at approx. 1M USD.
2. I believe the theme is more nuanced than simply increased media with reduced ad spend. Hence the mixed results - with Viant and TTD both having reasonable results and outlooks. So, Magnite described reduced or pulled upfront being replaced by a push for programmatic - and Magnite have a higher proportion of upfront than programmatic so this impact was more significant for them. TRMR are the reverse.
We should remember that the confidence that TRMR expressed on Q2 during the Q1 call was, in my opinion, of a different order than we'd heard before. The challenges from the brokers were met with real confidence - and opportunities to row back from targets were rebuked.
Gdog - did you get a chance to review the outputs?
Clearly, I’m not alone with my worries around Tremor’s pre 2Q23 results release.
Thoughts… (1) We don’t know to what extent MediaMath’s implosion has impacted Tremor, if at all. (2) I sense a theme running through the earnings reports of our peers, which highlights increased media supply having to cope with reduced ad spend. Result, lower CPM’s for both video and display. The trade-off for this is, of course, lower margin, and my senses are saying that, while the current macro conditions prevail, over supply on the sell side will remain a factor for margins and even if Tremor manages to eke out increased revenue this quarter, it may not in itself produce much in the way of a lift for Tremor’s net income/earnings/profits/bottom line.
We need next Thursday’s results and guidance to prove me wrong. Nervy stuff while we wait and the sp is reflecting that.
TRMR ADS units getting SPANKED in the States.
Fingers crossed it's a huge mistake for the sellers.
Jonhas,
I may have spoken out of turn. I have been SWAMPED and didn't have time to do my homework on PUBM and MGNI. I read the releases and they looked OK until I got to the guidance. (I am trying to say you're probably right.)
I have not listened to either call, or checked with my notes about what to look for in either company. I'll get on it next week...
One thing I do know, the guidance in both cases is ABYSMAL.