The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I hate to break it to you, Tricky, but physics and economics both employ a great deal of math.
Perhaps you meant "home economics", which allowed you to properly prepare your carrot roots.
(Home economics in the USA was class about cooking and basic housekeeping skills, not really one that addresses the family budget as it should.)
I did not enjoy math at school, I enjoyed studying physic and economic.
We often ate carrot roots for lunch!
JR,
Not that anyone but me cares, but I just did the math.
In aggregate, I've put ca 250,000 USD more into TRMR than PERI.
My holdings in TRMR are worth ca 1.5 million USD LESS than my holdings in PERI.
To say I want TRMR to work out is, for me, quite an understatement.
JR,
You have no idea how badly I want TRMR to work out.
I put far more Money into TRMR than I put into PERI. I kept trying to catch a falling knife with TRMR. I am now forced to type with one finger.
Hi Gdog,
There is no need to rub it in, we can all read!
Just being facetious!
Well done! Who knows, we might have jam one day when we are nexxen!
jr
July 6, 2023 3:00 AM EDT
Perion Network Expects 20% YoY Revenue Growth and 40% YoY Increase in Adjusted EBITDA in Second Quarter 2023
Company to announce second quarter 2023 financial results and updated annual outlook on August 2, 2023
TEL AVIV & NEW YORK--(BUSINESS WIRE)--Jul. 6, 2023-- Perion Network Ltd. (Nasdaq & TASE: PERI), a global advertising technology company whose synergistic solutions are delivered across the three primary channels of digital advertising – search, social media and display/video/CTV advertising, today announced preliminary results for the second quarter of 2023.
“The strength of our second quarter results reflects continued momentum of the business,” said Tal Jacobson, Perion’s incoming CEO. “Both the second quarter and first six months highlight the power of our executional agility, underlying technological innovation and market fit. Our diversified and scalable business model has allowed us to capitalize on recent positive market indications, resulting in improved margins and market share gains. Based on preliminary data suggesting stronger than initially anticipated growth, we will provide an update to our annual outlook when we report our financial results on August 2.”
Perion will release its financial results for the second quarter of 2023 on Wednesday, August 2, 2023, prior to the opening of the financial markets. Incoming CEO Tal Jaconson and CFO Maoz Sigron will host a conference call to discuss the results at 8:30 a.m. ET on the same day.
Will they, won't they?
Anyone know how long this takes?
jr
Tremor vs Alphonso/LG. See latest -COPY OF ADMINISTRATIVE ORDER Court Doc No. 486 filed today.
Mandatory Settlement Conference before Trial in New York’s Commercial Division
Starting February 1, 2022, all litigants in New York’s Commercial Division will be required to participate in a mandatory settlement conference before going to trial, unless an exemption is granted. This change was made by Administrative Order (“AO”) of Chief Administrative Judge Lawrence K. Marks.
https://static1.squarespace.com/static/5ed28ae85fb25224028e0947/t/61f3557bd9caac66999d1003/1643337084014/AO-10-22-Amending-Commercial-Division-Rule-30.pdf
https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=j/MKa5jKQOiZ2rhRcKfwfw==&PageNum=7&narrow=
Surprise surprise STIT couldn’t stay away as expected. He has climbed out of the gutter again to gloat and try to unsettle people, but no one will be persuaded by the lying bar steward. Good luck all longs.
Lots of Ad Tech companies partner with each other.
Look out for the $millions of bad debt provision. Money trmr won't receive but they will still have to pay to partners they owe to.
Because of the pay inventory works, the full extent won't be known for months. This will snowball as it did with Sizmek.
MM isn't the 1st company to run into trouble and it won't be the last.
This on top of US banks going bust and needing emergency rescue.
Shows the critical importance of financial resource management.
One of the strength of the current team!
jr
MediaMath's demise followed soon after its appointment of Neil Nguyen as CEO.
NN was the CEO at Sizmek when it went down the pan - says it all really! Failed leadership plus a lack of capital and no ability to borrow money.
I suppose MediaMath is a warning that you have to stay relevant in AdTech industry in particular. A few bad decisions can have a bad outcome.
MediaMath path to demise...
https://www.thedrum.com/news/2023/07/03/behind-mediamath-s-dramatic-and-drawn-out-downfall-leadership-really-messed-up
There he goes again as expected. STIT has crawled out of the gutter again trying to trash the company. I wonder why he was sacked from the company, it could have been for lying, as he has quite a reputation for it on here. Regards to all long suffering holders.
There you go, as expected...
The fallout from the major challenges facing ad tech continues, as expected...
fewer DSPs/SSPs, M&A activity, Privacy laws.
The problems from partners going bust, banks like SVB going bust will continue..
Inventory Payments:
The way inventory payments work, ad tech companies need huge amounts of cash just to keep going. The Trade Desk raised $200m, MediaMath $600m.
This was highlighted when Sizmek filed for Chapter 11. They too offered CTV.
Plus, the impact of losing Alphonso, data provider, court case isn't yet known. In the meantime, they will still need to pay their suppliers.
The ad tech model works by DSPs/SSPs, partnering with each other. It is usually the case that the company would pay their 'supplier' (other ad tech companies) around 60 days but receive their cut from 'customers' (other ad tech companies) around 90 days. That gap("inventory payments") has to be covered from their own cash or they setup credit facilities.
Unruly on the hook for $1.4 million.
https://www.adexchanger.com/online-advertising/mediamath-owes-more-than-100-million-to-at-least-200-companies-including-magnite-and-pubmatic/
VIDAA link from gadgie2 and Holgerbb reminded us that yet again the CFO held onto all his shares. 1M + now.
Love the VIDAA tie in let's hope we see a diff set of results Q2
https://advanced-television.com/2023/06/06/paramount-on-vidaa-in-latam-canada/
We are thrilled to partner with VIDAA to bring Paramount+ to millions of smart TV viewers in Canada and Latin America, including Brazil,” said Marco Nobili, Executive Vice President and International General Manager for Paramount+ ‘The deal is an incredible opportunity to get Paramount+ popular content, characters, and franchises available to an increasingly large audience, and a testament of our commitment to investing in customer choice”.
Wow. What a day of news!
I mentioned a while back that Tremor should go for Nielsen when they are finished with LG/Alphonso.
If you read the whole 150 page court case print out from last month? it was quite clear that LG had coerced (blackmailed) Nielson to do the dirty on Tremor.
To now have the Nielson deposition taken and added to the court case is a massive win for Tremor.
You now have Nielson spilling the beans and blaming everything on LG to save itself and the sacked team at Alphoso getting their own back on LG for being dumped.
There is not a chance in hell of LG taking this to court, especially with Burford capital advising.
Could not be happier.
So, they are asking for $300m!
LG would settle out of court at $150M?
jr
See latest Court Doc No.485 filed today.
Amount Demanded $65 million + punitive damages, injunctive relief; pre- and post-judgment interest; attorneys' fees and costs.
https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=j/MKa5jKQOiZ2rhRcKfwfw==&PageNum=7&narrow=
STIT you are a lying bar steward. You have been talking this share down on this board and on ADVFN under another name for more than two years. Why would you talk the share price down, while holding shares. You should come clean and tell our readers why you were fired and why you still hold a grudge.
I sold at 844p 2 yrs ago and stated it at the time.
The shares have had 2 yrs to prove my trade was badly timed but they haven't have they?.
I'm sure if the sp had continued rising you and your mates would have been claiming that I was wrong as I sold too soon.
Try doing some research on ad tech ecosystem. If you had followed the ad tech newsflow then you would know the challenges which hit in 2017 and continue to hit the sector and I've warned about. MediaMath is another casualty in a growing line of failures within the sector. It isn't the 1st and won't be the last.
My posts saying I sold at 844p 2 years ago and my reasons for doing so. All there for all readers to form their own opinion:
https://www.lse.co.uk/profiles/stt1/?page=22
STIT You are a lying bar steward, you never held shares in this company, let alone sold them near the top. You are a disgruntled ex employee, who is trying to talk the company down at every opportunity. Why won’t you tell us why you were fired.