The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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"Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence. Helen Keller."
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Sounds like motivational claptrap to me. Optimism on its own isn't going to achieve very much, you also have to be pragmatic.
Almost sounds religious, pray to god & it will be delivered unto thee....or blaming the people who pointed out the problems, "It only failed because some people didn't believe hard enough." Or perhaps it failed because it wasn't a very good idea....no amount of Optimism or hope or confidence can fix a daft idea. I've got a brilliant idea of a bridge and/or tunnel from Scotland to Northern Ireland....I'm really optimistic about this one! It might even be a bridge with a tunnel on top!
Gdog, you mentioned on a previous post that you didn't hear anything on the conference call that was particularly new. I know you are thorough so I was intrigued. I concluded almost the opposite. Sure its not certain and is still cloudy - but when did we last hear a figure presented to the CFO (two thirds thru the quarter) which by implication he confirmed they were on target for - okay the above was not clear cut but still its not something I've come across in countless calls previously - have you? The CFO didn't attempt to temper expectations even with analyst encouragement - 40-60 split would have been easy to agree and would soften Q2 expectations with but he mentioned a 45 - 55 as another possibility.
Even more interestingly is that if they meet the 92.4m then the 400m is perhaps more than achievable. And whilst TRMR is down 37% in the 52 weeks, PUBM is down 11% and TTD is up 35%.; yet there would be a strong case that TRMR would at 400m have had the best year assuming the others perform as guided.
Yes, we've been disappointed previously but I think its important not to be swayed unduly by the past particularly. I know you've been buying in the recent past and see many of same things as I do so just interested to know what turned you off from concluding the same this time.
'jam tomorrow' was coined by Lewis Carroll in his 1871 book 'Through The Looking Glass'.
The White Queen said. "The rule is, jam to-morrow and jam yesterday – but never jam to-day."
"It must come sometimes to 'jam to-day'," Alice objected.
"No, it can't," said the Queen. "It's jam every other day: to-day isn't any other day, you know."
Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence. Helen Keller.
Prior to joining this board over 14 years ago, as a blinkx shareholder looking for a community of fellow blinkxonians, I'd never heard the phrase "jam tomorrow" (that among many other provincial UK sayings).
I am sorry to say I know "jam tomorrow" all too well.
Bill Clinton lived in Hope....Arkansas!
I don't live in Hope.
Fair comment,
Let’s wait and see. I still live in hope like most of us!
"....I think you might have pulled off an extremely good buying opportunity at these prices."
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I thing he must be related to Harry Houdini. On the day of the results the intial reaction was a 20p drop & I thought it wasn't looking good. But 'somehow' the SP reversed and the SP is showing strength.
I wont start counting my chickens....this is TRMR after all.
Jonas, I think you might have pulled off an extremely good buying opportunity at these prices. I’ve been with this share for a long time from its earlier entity Blinkx and have suffered along the way like everyone else. I purchased the majority of my holding back then but have encountered numerous setbacks along the way to be in our current position as Tremor today. My holding is probably worth much the same now as then so it’s not been a very good investment so far !The company it would appear has been transformed into a potential leader in its industry with all the technology necessary now in place to reap the benefits. If we are to believe the board we are on the start of a major transformation in fortunes. They have been making some majorly positive statements about the next 2 Quarters’ profitability so I’m willing to wait a little longer and see if they at long last come up with the goods!, They seemed on the right track at the heady days of £ 8.00 plus and I’m more optimistic now than then, we’ll see!
Arthur, TRMR has certainly tested our patience at times however this may turn out to be beneficial. I've been buying for the last few months and right down at the 2GBP low. Should the recovery happen in the next quarters results then the potential for a serious re-rate is good. Although now it would have been nice to have seen a straight line up or even a level one, at some point in the future I may look back and consider it lucky that I had the opportunity to buy when it was seriously low. I'm hoping that the patience will pay out in the future.
Doggy,
Your eating habits sound ideal - if it is not there in nature do not ingest it.
i.e. no Cola/Soda's/packaged meals/processed meats.
I guess the reason for the huge incidence of acid reflux spectrum illness in modern America (and UK, et cetera) is a consequence of ignoring how our ancestors ate and drank.
Dflynch,
Harry was a favorite member of his family over here, second only to his grandmother.
Then he got entangled with The Witch.
Whilst he was in the military he enjoyed the life, he had a pretty good reputation amongst the soldiers. He also had the prospect of enjoying a future life were he could maintain his military connections. Furthermore, he was not short of attractive single women with whom he could share his life.
But like many who have served in combat, the stress can manifest itself at PTSD with, in the worst cases, dark and suicidal thoughts and actions occurring. Perhaps that is what caused him to be caught in the dark web he now finds himelf entangled with.
He may be rehabilitated in the future, but he will have to wrest him self free of the darker parts of his past life if he is to succeed and return to what he was.
From what I hear, his dad has it right...'he's on a suicide mission' by suing the press.
If you guys (please) keep him, think of how much better off he will be if he gets rid of the trash he married.
I normally stay out of UK matters of this sort, but the weasel known as Harry moved to the USA and is now inflicting pain upon me. This due to the fact it's almost impossible to escape the constant reporting about what a spoiled, elitist, entitled, whining snowflake he is in real life.
They complain about not being able to have privacy, while on numerous media tours. Dude is a moron.
Tricky,
There is a TON of junk food being shoveled into the faces of many hard working, two income American families. Many are so busy they don't have the time it takes to prepare a proper meal, and if they did have the time many don't know how.
I cooked / worked in upscale restaurants for 16 years. I do most everything from scratch, and during the growing season I get all my produce from my farmer neighbors / friends. Much of my meats/fish are harvested by my brother and numerous hunting friends, for which I barter wild yeast sourdough breads. I do fish, I no longer hunt.
It takes me so much time to prepare proper food, I no longer criticize those around me who do not have the time or the means to do it the way I do it. It's a total pain in the rear, it takes me more time than I care to admit, but it's what I feel I must do in order to eat what I prefer.
There are thousands of decent restaurants throughout the USA...almost none of which get my Money.
In 2022, there were a total number of 9,552 craft breweries in the United States, based on the latest data of the Brewers Association - 4 May 2023.
And I thought most Americans ate huge plates of junk food and drank Budweiser!
Talk about old...the below was from 10 years ago.
I asked how many craft breweries in 2023...the answer was 302. Now that's getting to the point of "over-brewed".
"Oregon, the Pacific Northwest mecca of craft beer, has more breweries per capita than any other state. The Oregon beer industry currently consists of 181 operating breweries across 64 cities, according to the Brewers Association. In 2013 a total of 877,891 barrels of craft beer were produced—that’s a whole lot of beer!"
Beer prices for local taverns in my area, which is rural, are about the same.
Then there's "Happy Hour", where you can get a cheap American beer for $2.00 (1.6 GBP), and craft beer for $3.75 (ca 3 GBP).
Oregon is the craft beer capital of the USA. My area grows more hops than any area on earth. We're also HUGE on vineyards, Pinots in particular. I am surrounded by hops fields and vineyards. There's, no foolin', over 500 wineries in the Willamette Valley.
Ha...the above is old news. I just looked it up:
How many wineries are in the Willamette Valley?
There are more than 700 wineries and over 800 vineyards in the Willamette Valley. Start exploring by finding a Willamette Valley winery.
What grapes are grown in the Willamette Valley?
The Willamette Valley’s more than 700 vineyards harvested almost 22,500 acres of grapes, with nearly all of the grapes grown being Pinot Noir, Pinot Gris and Chardonnay. Start exploring by finding a Willamette Valley winery.
What type of wine is the Willamette Valley known for?
The Willamette Valley is recognized as one of the premier Pinot noir–producing areas in the world. Start exploring by finding a Willamette Valley winery.
One of the old posters from back in the blinkx days sent me a 6 pack of craft beer brewed in the UK (it was delicious). The hops were grown 8 miles from my house. Not kidding.
Doggy,
£4.50 is about the lowest price of a local 'pub' beer in the UK.
In London you would pay much more.
'Craft' beers are in another league.
What do you pay for ordinary beer in Oregon?
I carefully listened to the call yesterday, replaying parts I didn't hear correctly the first time.
Nothing really new in this call. They stated the same things they've been saying for the past half year or so, but with more conviction. Time will tell.
I'll be impressed if they execute. Until then, it's only talk...and talk is cheap. About 272 pence cheap. I bet you can't even get a pint of beer at your local pub for 272 pence these days due to inflation.
Meant to say "There is no cure for stupid" below.
Tricky,
When I first read your post I asked myself "what do the French have to do with this?"
Then I noticed you didn't capitalize Frogs, so I looked it up.
Never heard the saying "mad as a box of frogs" before. Once again, I've been schooled in more things British on this board. And yes, I admit to being ignorant in many things. Ignorance can be cured with education. There is no cure of stupid.
Doggy,
I get the feeling I'm being played with by a box of frogs.
It's not a good place to dwell.
Good summary of the conference call Jonhas . I think they may have got all their ducks in a row at last and are finally in a position to start reaping the benefits. It sounds like Tremor are in an almost unique position with their platform now and able to obtain revenue streams from numerous directions with the technology they now have in place through the acquisitions and recent collaborations. Sagi said we should see some meaningful improvement by the end of this quarter so only a few weeks to wait hopefully. Others must be feeling the optimism too it would seem as the SP is quietly on the rise. I really hope they can backup this regained confidence, anyone still in this share certainly deserves some return.