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The toxic troll who feeds on provoking others is a bully.
Provoking is a form of abuse.
Admin couldn't care less.
For any new posters on this board, I’d just like to bring to your attention that STT1 has held a vendetta against Tremor and its previous forms for over 10 years. His current patterns of post will follow the same basic format:
1. Constantly state his view that the ad-tech bubble will burst.
2. Use data from the past from the businesses Tremor have acquired and are no longer relevant to the business in its current shape.
3. Ask posters if they are prepared to load up at £x price (none of his business)
4. State that the CEO sold 1/3 of his share
5. “Despite the US elections....”
6. Use cut and paste articles from the past to try to support this diatribe.
7. Try to profess that posters should consider both Bull and Bear posts (even though he hasn’t made one Bull post on Tremor, and it’s previous guises in over 10 years)
Well, with the so called strong results, the sp should have continued to surge, shouldn't it. The buy backs have helped the sp rise.
We're been here before with rthm(now trmr).
Several posters have been holding rthm(as blnx) when the eq sp was around 2800p in Jan 2014.
They were holding when the rthm eq sp was 589p in 2017.
On both occassions the sp fell based on events.
I think it posters are expecting similar hence why they are not loading up at current prices but want others to...
Is this a re-run of previous rises on bull TU and falls after results - 2016-17?
**************************************************************************
Repeat of rthm(now merged with trmr) inflection point...bullish comments after the 2016 US Elections. The rthm eq sp was around same sp, 589p then, followed by fall in eq sp towards 100p, as expected....and eventually being sold off (merged with trmr).
Did someone just say stt1 could benefit from a welly up his jacksie?
No harm in trying!
As a red blooded American, Radium's below post was way above my pay grade:
https://www.urbandictionary.com/define.php?term=jacksie
https://www.thefreedictionary.com/jacksy
I just learned a few new things. Besides the above, a welly being a Wellington boot, and getting a bit of a welly means to step on the gas, or put more effort into whatever it is one's doing...did I get that right?
As Tremor’s stock price trades upward, our Village Idiot is hurting. As the sp continues to rise be prepared for the ‘news flow’ to increase to a frenetic pace and every opportunity taken by our resident loser to make sure he takes top slot in the reading queue. He is on filter for me, but I still get this warm fuzzy glow knowing that the No.7 in his jacksie is getting a bit of welly each and every time Tremor’s share goes up.
For any new posters on this board, I’d just like to bring to your attention that STT1 has held a vendetta against Tremor and its previous forms for over 10 years. His current patterns of post will follow the same basic format:
1. Constantly state his view that the ad-tech bubble will burst.
2. Use data from the past from the businesses Tremor have acquired and are no longer relevant to the business in its current shape.
3. Ask posters if they are prepared to load up at £x price (none of his business)
4. State that the CEO sold 1/3 of his share
5. “Despite the US elections....”
6. Use cut and paste articles from the past to try to support this diatribe.
7. Try to profess that posters should consider both Bull and Bear posts (even though he hasn’t made one Bull post on Tremor, and it’s previous guises in over 10 years)
From the results:
The net cash from operating activities was $10m lower than 2019.
So the busier they are, the more cash they need - to pay for inventory payments. This is because the company has to pay their partners usually in about 60days, whilst they receive money in about 90days.
"Net cash from operating activities of $35.2 million (2019: $45.1 million) mainly due to working capital requirements during record H2 and Q4 2020 performance"
"Although the Company have paid dividends and share buybacks in the past, the Company does not anticipate paying any dividends in the foreseeable future. The Company currently intend to retain future earnings, if any, to finance operations and expand its business. "
https://www.tremorinternational.com/wp-content/uploads/2021/03/TRMR-Final-Results-100321.pdf
For any new posters on this board, I’d just like to bring to your attention that STT1 has held a vendetta against Tremor and its previous forms for over 10 years. His current patterns of post will follow the same basic format:
1. Constantly state his view that the ad-tech bubble will burst.
2. Use data from the past from the businesses Tremor have acquired and are no longer relevant to the business in its current shape.
3. Ask posters if they are prepared to load up at £x price (none of his business)
4. State that the CEO sold 1/3 of his share
5. “Despite the US elections....”
6. Use cut and paste articles from the past to try to support this diatribe.
7. Try to profess that posters should consider both Bull and Bear posts (even though he hasn’t made one Bull post on Tremor, and it’s previous guises in over 10 years)
from today's results:
Despite the hotly contested US Election, the increases due to covid:
Total net revenue increased by only 12% to $184.3 million (2019: $164.0 million). Only $20m!!
Adj Ebitda up only £100k(2019 $60.4m)
No divi in foreseeable future. Retaining future earnings to finance operations.
These figures include a full year contribution from Unruly(2019 nil) and rthm(fy2019 8 months)
""The Company traded strongly during 2020 as a whole, achieving a 12% increase in net revenues to 184.3 million (2019: $164.0 million), primarily driven by the performance of our Programmatic activities generating an increase of 30% to $161.6 million (2019: $124.2 million) as a result of our strategic shift to focus on our Programmatic activities as a key growth driver""
https://www.tremorinternational.com/wp-content/uploads/2021/03/TRMR-Final-Results-100321.pdf
"Retain earnings to finance operations.".
This sends out a mixed message, for future, from their Dec statement when they said they were in a position to pay dividends or buy backs.
Because of the way ad tech model works, companies need huge cash piles to pay for inventory.
Will they renew the buy backs post 31st March or stop those as well?
Remember Sizmek filed for Chapter 11 bankruptcy even though they had lots of cash.
https://digiday.com/media/tip-ice-berg-sizmek-saga-spells-trouble-ad-tech/
We're been here before with rthm(now trmr).
Several posters have been holding rthm(as blnx) when the eq sp was around 2800p in Jan 2014.
They were holding when the rthm eq sp was 589p in 2017.
On both occassions the sp fell based on events.
I think it posters are expecting similar hence why they are not loading up at current prices but want others to...
Re-run of 2016-17 anyone?
**************************
Repeat of rthm(now merged with trmr) inflection point...bullish comments after the 2016 US Elections. The rthm eq sp was around same sp, 589p then, followed by fall in eq sp towards 100p, as expected....and eventually being sold off (merged with trmr).
In Apr 2019, rthm merged with trmr, they announced bullish comments.
**********************************************************************
Just few months later:
The profit warning from the company themselves, is there in black and white - AS EXPECTED.
" This coupled with the weakness in the Performance division year on year means that the Board believe the Company will be marginally behind full year expectations on profitability for 2019. "
The closing of rthm's operations - rthm operations not so good then? - AS EXPECTED
"Several of RhythmOne's products have been discontinued alongside its demand-side platform ("DSP"). The development of RhythmOne's data management platform ("DMP) has also been taken in-house. This initiative created an operational challenge for management, however they believe the decision will markedly benefit the company in the medium-term. The reduced development, maintenance and data centre costs form part of the wider initiative to streamline the Company's operations."
Industry Challenges continues to affect trmr - AS EXPECTED
"The performance-based division has continued to be impacted in 2019 by the well-documented headwinds which have affected both topline revenue and profitability. "
https://www.investegate.co.uk/tremor-international--trmr-/rns/interim-results/201909240700083776N/
Everyone should read company/sector news and form their own opinion. It's your money.
Bear points:
Despite the hotly contested US Election:
Total net revenue increased by only 12% to $184.3 million (2019: $164.0 million). A tiny $20m increase in net revenue!!
Adj Ebitda up only £100k(2019 $60.4m). Adj ebitda was up significantly during H2, which was during the US Election. No US Election for another 4 yrs.
Those small increases in figures despite a full year contribution from Unruly (2019 nil) and Rthm (fy2019 8 months)
No divi in foreseeable future as they need the money to finance operations and growth.
Ad tech companies need lots of money to finance inventory payments.
Begs the question. Will they renew buy backs post 31st March?
https://www.tremorinternational.com/wp-content/uploads/2021/03/TRMR-Final-Results-100321.pdf
Revenues increasing from Unruly and R1 - good point.
PMP 's up over 1200% - fantastic.
Self-serve platform up over 600% - brilliant.
Increased cash reserves - excellent.
Huge amounts of shares in treasury - wonderful.
Something good is happening - with much more to come!
Last year the results were announced on 31st March, so should confirm whether the red flags are still there.
TU showed that adj ebitda for fy2020 is actually lower than the previous year.
Revenues increased due to:
- full year contributions from Unruly, bought Jan 2020,
- rthm(8 mnth contribution for fy2019),
- the hotly contested US Elections and
- covid.
Bear points.
Facts over the past year.
1) In March 2020, they published a huge 11fold increase in debt provision.
Then 6 months later
2) In Sept 2020, they published a $30m loss
Then 3 months later
3) The CEO sells 700k shares, 1/3 of his holding.
From fy2020 results, published March 2020:
Note 16B (2)
"(2) At 31 December 2019, the Group included provision to doubtful debts in the amount of USD 22,376 thousand (31 December 2018: USD 2,822 thousand) in respect of collective impairment provision and specific debtors that their collectability is in doubt."
https://www.tremorinternational.com/wp-content/uploads/2020/03/TRMR-Final-results-310320.pdf
H1-2020 Interims, published Sept 2020, 4 months ago
$30m loss
https://www.tremorinternational.com/wp-content/uploads/2020/09/TRMR-Interim-results-Q3-2020-Trading-Update-220920.pdf
The CEO then sold 1/3 of his holding last month.
https://www.tremorinternational.com/wp-content/uploads/2020/12/TRMR-Director-Dealing-16.12.20.pdf
fy2020 Adj EBITDA lower than 2019 and missed Finncap's expectations set in March 2020.
scorpion
"As one of a number of people who have been encouraged by and communicated with Dags and Schroedar off public websites, they are very well researched, intelligent and transparent professionals with nothing to hide."
Well, there you go, so you(and Radium on Sat) proclaim that anonymous posters who added 100k shares (£550k-£600k) are well researched and intelligent, Radium claims they are shrewd...
Yet, neither of you have followed in their footsteps and also been adding at around 600p.
Why proclaim someone is shrewd, well researched, intelligent and then not follow them?
from stt1:
'BBs are better when posters post about company/sector newsflow and let readers form their own opinion.'.
We do not see a balanced view from stt1 ever.
He is all over the place like a rash.
Everything he posts is aimed at condemning Tremor by association.
Or by following the wrong business model.
Or almost anything else he wishes to imagine.
He repeats posts ad-infinitum to push his negative interpretations across.
A sociopath spammer with an addiction.
Posts negativity to let the readers form their own opinion - not likely!
Scorpion
"Surely an open debate is healthier than anonymous post scoring?"
Exactly, open debate, that's what I've been saying for ages. So why don't they post their bull points online so it's an open debate. Then readers can form their own opinion based on the bull/bear, risk/reward. It's their money.
BBs are better when posters post about company/sector newsflow and let readers form their own opinion.
Otherwise discussions via email/PM is a closed debate.
Stt
I’ll tell you what. Why don’t you drop one of them an email and have a chat. They are very open minded and objective. Your encyclopaedic knowledge of the sector would make for an interesting debate between you and then you can both post your respective opinions post conversation.
Surely an open debate is healthier than anonymous post scoring?
scorpion
"As one of a number of people who have been encouraged by and communicated with Dags and Schroedar off public websites, they are very well researched, intelligent and transparent professionals with nothing to hide."
In which case you (and Radium) MUST have followed their lead, filled your boots at 550p/600p+ and are holding for the huge rewards. As you claim they are transparent, you (and Radium) will also be - yes?.
I, prefer to stick to company/sector newsflow and form my own opinion.
It's my money.
Stt
The CEO didn’t sell 2/3 and then got more incentive shares.
The CFO didn’t sell any
I suppose that’s not a good outcome for you to highlight
You have to laugh stt suggesting that believing an anonymous poster was a bad thing. As one of a number of people who have been encouraged by and communicated with Dags and Schroedar off public websites, they are very well researched, intelligent and transparent professionals with nothing to hide.
Now as for Stt, shall we examine his anonymity. F**k it, is it even human? Certainly evasive and completely private.
Loves dissing other people. And the more the blue corner lines up, the more he rants and multiple posts. And to think there’s no agenda. As if!!
Radium,
Your post yesterday "A shrewd investor" "added 100,000 shares"
If you believe an anonymous poster is shrewd as they claim to add 100k shares then why don't you follow them, load up at 500p/600p+ and hold for the huge gains you believe will happen?
The CEO on the other hand sold 1.7m shares(17x more than your shrewd poster), a 1/3 of his holding. Do you think the CEO is not shrewd then???
I think everyone should read the company/sector newsflow and form their own opinion. It's their own money.
Bear points.
Facts over the past year - despite a bullish TU a year ago:
1) In March 2020, they published a huge 11fold increase in debt provision.
Then 6 months later
2) In Sept 2020, they published a $30m loss
Then 3 months later
3) The CEO sells 700k shares, 1/3 of his holding.
From fy2020 results, published March 2020:
Note 16B (2)
"(2) At 31 December 2019, the Group included provision to doubtful debts in the amount of USD 22,376 thousand (31 December 2018: USD 2,822 thousand) in respect of collective impairment provision and specific debtors that their collectability is in doubt."
https://www.tremorinternational.com/wp-content/uploads/2020/03/TRMR-Final-results-310320.pdf
H1-2020 Interims, published Sept 2020, 4 months ago
$30m loss
https://www.tremorinternational.com/wp-content/uploads/2020/09/TRMR-Interim-results-Q3-2020-Trading-Update-220920.pdf
The CEO then sold 1/3 of his holding last month.
https://www.tremorinternational.com/wp-content/uploads/2020/12/TRMR-Director-Dealing-16.12.20.pdf
fy 2020 fy2020 Adj EBITDA LOWER than 2019 and missed Finncap's expectations set in March 2020.
previous year's results:
period, revenue, adj ebitda, cash
2018, $276.9m, $44.1m, $54.4m *** no contribution from rthm
2019, $325.8m, $60.4m, $76.9m *** 8 months contribution from rthm
2020e, $404-$408m, $58-60m, $96m *** Inc full year contribution from rthm & Unruly
The figures speak for themselves. Trmr has risen on the back of the interest in tech in USA, hence why I think there's the ad tech bubble. The same happened during the .com bubble, the
Why should they do any better for fy2021?
fy2020 expectations compared v fy2019 actuals:
Their revenues are higher than fy 2019 but their adj Ebitda is lower.
2020 includes full year contribution from Unruly(nil in 2019) and Rthm(8mnths in 2019):
Revenues: $404-408m (2019 $325.8m) ** up $75m (inc full yr cont from Unruly/Rthm)
Adj Ebitda: $58-$60m(2019 $60.4m) ** LOWER than fy2019
Net cash $96m(2019 $76m): Up $20m(includes Unruly/rthm)
https://www.tremorinternational.com/wp-content/uploads/2020/05/Tremor_2019_AR_WEB_SPREADS.pdf
Finncap expectations - compared to broker expectations set in March 2020:
Finncap notes - free to register.
Finncap expectations as of 31st March were:
revenue: $424.9m, now $404m-$408m, DOWN $25m
ebitda: $75.0m, now $58-60m, DOWN $15m
https://researchlibrary.finncap.com/File/View?file=62f9bbb9-4efe-49f7-a809-002552770f2a
previous year's results:
period, revenue, adj ebitda, cash
2018, $276.9m, $44.1m, $54.4m *** no contribution from rthm
2019, $325.8m, $60.4m, $76.9m *** 8 months contribution from rthm
2020e, $404-$408m, $58-60m, $96m *** Inc full year contribution from rthm & Unruly
Look at the Pixalate rankings of Telaria(now Magnite), Pubmatic, SpotX compared to rthm(now trmr).
Bear point - lower Pixalate ranking.
Pixalate - Seller Trust rankings.
"Pixalate delivers the only Fraud Management System that mitigates your risk exposure with accredited anti-fraud solutions across display, in-app, video and OTT/CTV."
"Pixalate is the first and only data platform with a comprehensive suite of products specifically built to bring transparency to programmatic advertising. Pixalate monitors hundreds of billions of ad events in real time by tapping into the global RTB data stream, providing insights to optimize performance, benchmark supply quality, and eliminate fraud.
Together, we’re raising the bar for RTB."
https://www.pixalate.com/about/
Telaria demerged from trmr(when TAP) because of perceived conflict of interest.
Is it a coincidence that Magnite are buying SPOTX because they have a high Pixalate ranking, given Magnite have advocated transparency within Ad Tech eco system?
The Pixalate rankings also have Pubmatic, Telaria(now Magnite), Rubicon(now Magnite), SpotX(bought by Magnite) higher than Rthm(now trmr).
Pixalate rankings. Seller Trust rankings.
Rthm(trmr) no longer no1.
For CTV, on Roku/Samsung, Magnite(Telaria) have a higher trust ranking than rthm(Trmr).
Telaria demerged from Trmr(when it was TAP). Now part of Magnite.
***************************************************************************
Q1 - 2020 - CTV - ROKU
Telaria (ex TremorDSP, now merged Magnite) 1st/10
Pubmatic 4th/10
SPOTX 5th/10th
Rubicon 6/10
RhythmOne 9th/10, down 4.
************************************************************************
CTV - SAMSUNG
SPOTX 2nd/10
Telaria 4th/10
Rhythmone 10th/10
https://www.pixalate.com/sellertrustindex/video/#!Samsung
...everyone - daily reminder on behalf of Stt1 - 22 M provision is in the BS! lol