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I don't buy into the idea that the current management is as shady as the previous R1 management and that 'jam tomorrow' means the same for both. Why have such strict accountancy practices? Practices that have seemingly put the reality of R1 in the worst possible light albeit that the entire R1 picture hasn't been disclosed. Those revenue streams the current management have shut down in my eyes demonstrates the greater transparency of this management; R1 refused to close them for fear of the market reaction. The change from 'management' to 'market' expectations is further evidence.
Again, how relevant is dataxu's valuation to tremor specifically? Relative value works as far as the similarity between the companies you're comparing.
PotteryExpert,
"The market does seem to be as big as Druker and others say it is. A decent portion of that market would translate into more than decent earnings for Tremor."
BM, the ex-CEO of rthm, also repeatedly commented on how big the market is... the inflection points, profitability around the corner, didn't he???
The point is DataXu was considered as one of the few LARGE scale DSP but bought for ONLY $150M... so question is what is trmr, merged with rthm and their highly questionable history, currently worth - it's mcap is currently around $230m(£180m)...
"Although Dataxu is a significantly smaller player when compared to similar platforms such as The Trade Desk, Media Math and AppNexus — which all carry valuations that far exceed the $150 million price tag that Roku paid — it does allow the company to better compete with its rivals by having a similar offering. Dataxu was considered one of the few large-scale DSPs available for acquisition."
https://adage.com/article/digital/what-rokus-acquisition-dataxu-means-marketers/2208991?utm_medium=social&utm_source=twitter&utm_term=adage&utm_content=69f6f219-a6f2-4108-9f40-6e4c98e642b7
I'm a stubborn dreamer Tricky_dicky if not a pottery expert
It doesn't work on that level at all, with these sort of people potteryexpert.
Are you even a potteryexpert? I very much doubt it.
I have helped people with mental health issues but stt1 is beyond redemption.
Don't even bother to try to infiltrate his thick-skinned mind.
Stt, do you have a long/short position?
Do you distrust the current management? Why would a distrustful management have strict accountancy practices?
stt1 is a spent force - previously praising Dataxu and Sizmek to the skies.
Some weird agenda that defies reality is the hallmark of stt1.
So whilst Dataxu and Sizmek struggled in this challenging industry, Tremor prevail.
It’s on the up IMO.
Yes, everyone is pouncing on CTV. Yes, Tremor was not early...but late?
Tremor's 'exclusive collaboration' with LG, an award winning smart tv maker, surely makes and proves Tremor's stance in CTV more than decent.
http://www.globenewswire.com/news-release/2019/09/10/1913605/0/en/Tremor-Video-Brings-Native-Ads-to-LG-Smart-TVs.html
The market does seem to be as big as Druker and others say it is. A decent portion of that market would translate into more than decent earnings for Tremor.
PotteryExpert,
"Do you not see Tremor being at least being decently positioned for CTV growth?"
Many companies are decently positioned for CTV growth and have been for a long time - trmr are late to the market...
And that's the point...Trmr are not unique or alone in the market
DataXu launched Total TV last year. Initially wanted a $300m but eventually sold for half that... Sizmek launched CTV and yet still filed for Chapter 11 Bankruptcy protection...
dataxu Announces TotalTV for Advertisers, Spanning Linear, Connected and Addressable TV
Industry-first unified planner and Sorenson Media partnership for programmatic linear execution enables advertisers to get the most efficient TV reach
"dataxu®, a leading provider of programmatic marketing software for marketing and media professionals, today announced TotalTV for Advertisers, a unified planning and buying solution for agencies and brands investing across linear, connected and addressable TV."
https://www.globenewswire.com/news-release/2018/09/20/1573890/0/en/dataxu-Announces-TotalTV-for-Advertisers-Spanning-Linear-Connected-and-Addressable-TV.html
The article talks highly of CTV. You seem to avoid talking about Tremor's CTV capability... I think regardless of your sentiment towards Tremor (and its future prospects), everyone can agree Tremor is much much closer to being undervalued than overvalued right now.
Do you not see Tremor being at least being decently positioned for CTV growth?
PotteryExpert,
"Maybe Dataxu's 300mill exit was overvalued like a lot of companies are nowadays? And how relevant is Dataxu for comparison anyway? "
Yes, maybe Trmr's current valuation is overvalued, like a lot of companies are nowadays?
Another article about DataXu.
DataXu was considered as one of the few LARGE scale DSP but bought for ONLY $150M... so question is what is trmr, merged with rthm and their highly questionable history, currently worth - it's mcap is currently around $230m(£180m)...
"Although Dataxu is a significantly smaller player when compared to similar platforms such as The Trade Desk, Media Math and AppNexus — which all carry valuations that far exceed the $150 million price tag that Roku paid — it does allow the company to better compete with its rivals by having a similar offering. Dataxu was considered one of the few large-scale DSPs available for acquisition."
https://adage.com/article/digital/what-rokus-acquisition-dataxu-means-marketers/2208991?utm_medium=social&utm_source=twitter&utm_term=adage&utm_content=69f6f219-a6f2-4108-9f40-6e4c98e642b7
I thought ALL industries would be reluctant to IPO in this climate? Maybe Dataxu's 300mill exit was overvalued like a lot of companies are nowadays? And how relevant is Dataxu for comparison anyway? Genuine questions.
DataXu sold for 1/2 the price they were seeking last year...
Roku to Acquire Dataxu for $150 Million
"Last year, Dataxu was reportedly working with GCA Advisors to seek a $300 million exit, and it was later heavily rumored that it was in negotiations with Comcast, but the two were thought to be far apart on valuation.
Market observers maintain the most realistic exit strategies for ad-tech companies in the current climate is to sell to strategic buyers, or private equity. This compares to the early part of the decade when many ad tech companies opted to IPO, only to experience steep declines in their share price, and many of whom have since been taken private, with few remaining ad tech companies still listed on the public markets."
https://www.adweek.com/programmatic/streaming-service-roku-acquires-dataxu-150-million/