Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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JinkyJ
"Dollars dollars and more dollars, Pounds pounds and more pounds."
The tipsheet article is misleading, they are using £ instead of $ so inflating figures. They are therefore, misquoting Finncap's figures.
I've stated this before, yet you keep re-posting the tipsheet article.
Are you trying to pull the wool over reader's eyes?
Have a look at the finncap notes and the company results or news articles. They correctly publish results and expectations using $. The tipsheet is misleading.
https://www.investegate.co.uk/tremor-international/rns/interim-results/201909240700083776N/
Tricky, whenever I have my balls out on display I always use a good quality sun screen....although I should probably check the small print on my house insurance just in case!
This needs to get back to £3.50 before I have any enthusiasm for this share. Been a complete dud for 5+ yrs (RTHM)
Do be careful with your balls.
I once had one.
Left it lying on the bed near a window.
It was summer and the skies were blue.
Forgot about keeping it out of the Sun's direct rays.
Nearly burned the house down!
At close of play on December 31st 2020 the SP will be 243p....according to my crystal ball.
"Even so, I will cautiously only put out an end-2020 target price of 235p, which would be a sinfully low 5.5 times historic."
Anyone who puts out an exact figure for the sp of Tremor in 12 months time is a fool.
Dollars dollars and more dollars, Pounds pounds and more pounds. Just a pity that stt1 is pink lint.
by Mark Watson-Mitchell, who's targeting prior peaks of 465p over time....here's a couple of extracts:
Https://masterinvestor.co.uk/equities/tremor-international-could-send-shockwaves-through-the-advertising-world/?utm_source=Daily+Bulletin&utm_campaign=dedca0b477-Daily_Bulletin_20200116&utm_medium=email&utm_term=0_25eff0bb7f-dedca0b477-34898813
"Tremor International could send shockwaves through the advertising world
By Mark Watson-Mitchell
16 January 2020
Rebekah Brooks is coming on board this global leader, which trades on a derisory earnings multiple, writes Mark Watson-Mitchell."
"The group offers its services to more than 450 major advertisers – such as Disney, OpenTable, Twitter, Amazon, Zynga and Expedia. It has more than 50,000 supply and publishing partners worldwide.
Earlier this month the group announced that it had agreed to acquire a company called Unruly for £14.5mfrom News Corp. And a big pointer is that News Corp is taking 8.5m new Tremor shares in exchange, giving it some 6.5% of the group’s shares, locked-in for at least 18 months.
Furthermore, Rebekah Brooks, News UK’s CEO, will go on to the Tremor board. Now that really is news!
Unruly is a leading global brand-safe video platform that leverages a combination of proprietary video marketplace technologies and data to deliver emotionally engaging content to consumers. It will fit in very well with the group’s RhythmOne division.
The group, after the Unruly deal, will have 132m shares in issue.
Prior to the deal the leading investors in the company’s equity included: Tosca Fund Management (23%), Schroder Investment (15.2%), Mithaq Capital (14.9%), River & Mercantile (7.3%), Ibex Investors (4.4%), Hargreaves Lansdown (4.2%), and Interactive Investor (4.0%).
The group’s brokers, finnCap, updated their numbers after the latest purchase. For the year to end-December 2019 they estimate that revenues will have increased nearly 18% to £325m, while pre-tax profits may have jumped 23% to £52.5m, giving earnings of 42.5p per share but no dividend.
For the current year the brokers are looking for an Unruly kick-in – taking revenues up a further 30% to £425m, with pre-tax profits up a healthy 32% to £69.3m, worth 45.5p in earnings, which allows for the Unruly dilution.
With the shares trading at around the 156p level, those broker estimates put them out on a ridiculously low 3.6 times historic earnings and just 3.4 times current year earnings.
These shares are going to go a great deal higher yet. And I would say that they are more than capable of hitting their 2017 previous peaks of 465p again.
Even so, I will cautiously only put out an end-2020 target price of 235p, which would be a sinfully low 5.5 times historic."
Safi,
"Not impressed with the $325 million full year figure though"
Exactly. Especially as rthm on it's own, pre-trmr merger, were expected to show $350m-$380m..
Also crucially the $325m and cash INCLUDES operations that were closed during the year, as stated in their interims. Plus of course the revenues and cash lost due to perk.com, which closed last month.
Therefore, revenue and cash from these discontinued operations will not show in fy2020 results.
I don't think revenues and cash contributed by Unruly to fy2020 will sufficiently replace lost revenue and cash due to Perk.com and other discontinued operations closing during 2019.
RustyB, I cannot blame you for showing signs losing patience with R1 and possibly now TRMR. Jam tomorrow has been a staple diet for investors in this company. The best that can be said - especially after the Unruly deal - is that they have lots of potential (also based on management comments). Hopefully 2020 will be the year when results start to show that they are delivering on that potential....but I wouldn't be surprised if management find a way to blame Unruly integration on a slower increase in performance than expected.
If management do start getting things right then the current SP may look cheap....hence why I suspect people are currently investing in TRMR on the potential they have, rather than in an imminent announcement of stellar revenue & profit increases.
Totally agree. I have heard this for years baseball finals elections etc etc and always Jam in the future. Blinx bought a number of companies and not only did they not increase revenue much, they still didnt make "real profit" so many false dawns so much money spent on acquisitions. This does seem different, but I would say that wouldnt I ??? Time for the company to deliver on increased revenue increased profit, more share buybacks and then dividends. If they did that the share price will take care of itself.
But, sick of waiting for Jam tomorrow, as I have said previously I dont like jam.
Time to deliver on all the previous empty promises. The only saving grace is the men in charge now seem to be much more competent than the people at Blnx. Time will tell, but I wont hold my breath.
The US elections are going to mean heavy ad spend this year especially for connected TV, which Tremor is perfectly positioned for. So you would expect decent revenue growth this year.
Not impressed with the $325 million full year figure though...the sp ultimately will only be sustained with organic revenue growth. I understand it was a year of integration, but are the tremor/yume/R1 divisions not growing? Look the the trade desk, rubicon project etc YOY growth, that’s why they are valued at such a higher premium. Let’s hope Tremor can achieve the same this year