Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I take it that stt1 really, really hates to see Tremor on the cusp of success and a possible re-rating.
I wonder why that may be?
Doesn't fit with her negative analysis - Ouch! How sad.
Makes her look to be a failure when the data she spews doesn't work in her favour
How sad
Ouch! a lot
Wasting her time!
Ouch a lot more.
AS EXPECTED - this character will continue to 'Ouch' a lot more.
The fool's bandaged finger wabbles back to the fire.
How sad!
It's well worth reading Finncap's Apr 2nd Notes, which was published following the rthm merger.
Compare the note to the recent TU figures. You'll see there was a huge miss on several metrics...
Extracted from gowlane's post on adv:
"Well on 2 April 2019 they were forecasting 2019 revenues of $495m, net cash of $113m, and bottom line reported earnings of $9.8m.
Now on 06 January 2020 they are forecasting 2019 revenues of $325m (down 34%), net cash of $75m (down 34%), and bottom line reported earnings of $1.1m (down 89% - and they will be lucky to make that). Ouch! Ouch! Ouch!
Significantly there is an ominous item in the latest forecast balance sheet of ‘other liabilities’ of $78.6m – that was not there in the April report – at least it was a mere $30m just up $10m from a year before hand, but now up $58m!"
From Unruly purchase RNS.
Trading update
The Company also provides a brief update on current trading for the year ending 31 December 2019.
The Board is pleased to report that adjusted EBITDA for the period is expected to be in-line with expectations, supported by a combination of cost saving initiatives and a general focus on profitable and strategic activities that will be the core of the Company going forward. As highlighted during 2019, the Company's Performance division continues to be impacted by a combination of regulatory headwinds. This, combined with the Company focusing on delivering higher margin revenue and its clearly outlined vision of leveraging Video, Data and CTV, has resulted in management anticipating that revenue at a group level will be below expectations for the financial year ending 31 December 2019.
The Company remains highly cash generative, has a very strong balance sheet and estimates that it ended the financial year (31 December 2019) with c. $75 million of net cash after completing $6 million of buy back payments in H2 2019 (c. $25 million in FY 2019) and making a $5 million advance payment for the extension of the exclusive Alphonso partnership for an additional two years. A more comprehensive trading update covering the full year 2019 figures will be provided in late January 2020. SO late January would suggest maybe next week.
"‘late January’"
---------------------------------------------------
So, the TU is due anytime within the next 2 weeks.
‘late January’
Was it next week or the week after?
Perhaps they will say they have struck oil.
What do we reckon, price wise?
Also, a fuller update due this week?