Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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How funny... almost included 'the written word does not always convey context or intent' in my below post, but figured I'd leave it where I did when I posted.
Dog, I think it's just bulletin boards. You cannot see body language, facial expressions or hear the intonation in people's voices, all of which are key parts of communication. Regional dialects, slang, metaphor, idiomatic expressions all carry a multitude of meanings - it's very easy to say more than one thing in just one sentence.
And worst of all - the classic homophone.
Four candles / fork handles anyone? https://www.youtube.com/watch?v=Ozpek_FrOPs
"Dog - how have you managed to take that post the wrong way?"
I am an American...we need to get hit over the head to understand the obvious?
or
Two countries separated by a common language?
Dog - how have you managed to take that post the wrong way? I was referring to a lack of faith in the market to get Perion on to a more sensible valuation. (You were complaining about the fall in the SP). They are barely on 10 times forward EBITDA - ridiculous! Just as with TRMR, this will take time. The company is also deliberately understating its success by issuing low guidance. There is a very high fear amongst companies in general about missing guidance at the moment and it is becoming more commonplace to be 'conservative' with forward guidance - both in RNSs to the market and to brokers, analysts and journalists. I don't think this is fully understood by the market, then again, it's not properly explained by the companies - it's a relatively recent change in the culture of company reporting. The market is not taking it the way that is intended.
See at 2 - 3 mins in, this being explained - https://www.youtube.com/watch?v=yTKQfkkj7KU
Perion's EBITDA Q2 at $14.3m is up 62% on Q1 ($8.8m) and just about equal to their Q4 2020 of $15.3m. I can't see any lack of faith in the company, PERI or TRMR. The market ... yes. These valuations are not in a bubble, nor fit the definition of a hot and hyped sector (TTD excepted). The last thing any listed company wants is a bubble in their share price - they always burst and crash.
Share, what the eff do you mean 'I'm of little faith'?
I've put more Money into PERI than any other stock I currently own for a reason, and it's not because 'I'm of little faith'.
Not that it matters what I do or do not believe, but I believe this is my safest of all the ad-tech stocks I own, due to current valuation and the fact that we've a backstop to downside risk with the MSFT search deal.
I also won't be surprised if it's not my biggest winner, but I think it's my safest big bet, as mentioned above.
I've been buying the eff out of this one since it was in the low 4s, and I've kept buying into the upper 19s (on dips). There is a reason for this, and it's not because I think I'll lose Money.
This is no bubble. Looking ahead, there’s five years of solid global growth forecast for Digital Video Advertising.
Extract…The Global Digital Video Advertising Market size is expected to reach $185.6 billion by 2026, rising at a market growth of 40.5% CAGR….Tremor mentioned below.
https://www.kbvresearch.com/digital-video-advertising-market/
ShareNicelyNow, re your... it's through the roof and then some...
Tremor management know just that. Their decision to report their earnings last, isn't accidental. In doing so, they intend to make a sizable impact.
Dog - ye of little faith. Give 'em time to work it out. But as always, Perion have given stupidly low guidance for the year as a whole - they should do more than $60m EBITDA for 2021, comfortably. On their guidance they are saying almost no growth to come in H2? It's not so long since they were giving guidance in the mid 30s for 2021. It's very poor form to put out public guidance that far out. Markets don't like it, understandably so. If management don't know their own business, a lot of investors run for the exit.
Looking at the figures for Display & Social, which includes their CTV, revenues (stated gross at Perion) are triple on Q2 2020 (Covid affected) and up 52% on Q1 2021. The read across to TRMR is way beyond all previous expectations, as TRMR is exclusively video and CTV, which are growing the fastest and have the biggest profit margins. Therefore, TRMRs growth figures may exceed these. But using these % increases and TRMRs known profit margins, Q2 figures are modelling out as EBITDA of $xxx (sorry, keeping the figure to myself, but it's through the roof and then some).
PERI sold off...it's remarkable.
This is truly the Rodney Dangerfield of stocks...it gets no respect.
gdog...up over 7% pre-market. Hope it continues and I wish you well with this one.
I was buying PERI hand over fist on dips over the past month.
Glad I did. As in very.
Radium,
2nd Qtr is always going to great when compared to Q2-2020 simply because last year advertising collapsed when pandemic hit.
The main point to consider is outlook and privacy challenges/court cases which would present a significant challenge to ad tech going forward.
https://www.iabuk.com/news-article/iab-uk-statement-ico-resumes-rtb-investigation
btw Radium, I see TLY is powering ahead with new contracts/contract extensions and director buys, despite your assertions that they will collapse and PIs should look at buying trmr instead.
https://www.lse.co.uk/profiles/radium1/
Courtesy eh9 advfm...
hTTps://perionnetworkltd.gcs-web.com/node/10751/pdf Doron Gerstel, Perion’s CEO, commented, “This quarter’s performance is another indicator that we are executing on our disciplined strategic plan and positioned to achieve our three-year targets a year earlier than expected. Based on the strength behind our growth – significantly more dollars spent per campaign and a healthy increase in new clients – we are narrowing the ranges of our 2021 guidance to revenues of $415-$430 million and EBITDA of $50-$51 million as well as introducing guidance for 2022. We expect revenue of $490-$520 million and Adjusted EBITDA of $59-$62 million in 2022.” Second Quarter 2021 Highlights Advertising revenue growth of 211% (or 134% on pro forma basis) fueled by broad-based adoption of our video and CTV offerings, leading to an increase of average campaign spend by 58% and a 67% increase in number of clients; Search advertising revenue growth of 24%, primarily driven by increased performance advertising spend by brands; The inherent and strategically constructed operating leverage in our business model increased adjusted EBITDA margin to 33% of revenue excluding traffic acquisitions costs compared to 10% in the second quarter of 2020; and Net cash provided by operating activities was $14.6 million; Perion has $141 million in cash and zero debt as of June 30, 2021. Revenues: Revenues increased by 82% (or 65% on a pro forma basis), from $60.3 million in the second quarter of 2020 to $109.7 million in the second quarter of 2021. This increase was led by a 211% (or 134% on a pro forma basis) increase in Display and Social Advertising revenues, primarily from the growth in video and CTV, which led to a 58% increase in average revenue per client, and a 67% growth in the number of new clients. Search and other revenues increased by 24%, primarily due to 16.9 million of average daily monetizable search queries compared to 13.0 million in the second quarter of 2020, as well as the addition of 28 publishers to our network.