Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The Q & A from the conf. call was most interesting. Couple of bits worth consideration. When the CFO was asked about the broker consensus of 92m for Q2, he was given plenty of space (perhaps encouragement) to row back from the 400m end of year target. Given the Q1 numbers that would have seemed sensible however ...
Some quotes include:
"we think or we assume we will go much better numbers than we did in Q1";
"No, I think we are in the line of those numbers"
"No, we are not stepping down from here"
"We are seeing the the first signs of the fruits of that hard work in the past six months"
With two thirds of Q2 over already we can assume that their grasp of Q2 is pretty good. There is a peppering of quotes in the call about ... since early March things improved, May stronger again than April.
From my notes, it was around six months after the The Unruly acquisition that we saw the SP benefits come thru. The next quarter could be very interesting if they show a turnaround. When you compare TRMR pricing fundamentals against Pubm, you realize just how undervalued TRMR is even in a lowly priced ad-tec market.
Sargi the CFO, is the chap who has never sold a single share received via SBC.
Has held on to the lot, while the other 2 have always sold a chunk.
We closed in London at a value of $6.94 per ADS unit.
We're currently trading in the States at around $6.77, with rather wild price fluctuations. The ADS units are very thinly traded, so it doesn't take much to move the price either way.
The ADS units are currently up over 15% in the States.
I slept through the conference call because I found the numbers so depressing late last night, this after waiting anxiously for over a week to see them. I'll listen to the CC on the replay. Whatever it is the market's smoking, perhaps from Sagi as noted below...I want some.
Baldy, I got that "non-joke" immediately. It was actually pretty funny.
Perhaps it's an 'inflection point'!!....(an old Rhtyhythmnone non-joke)
Sagi the CFO says Tremor are finally ready to ‘ Rock n’ Roll’ starting at the end of the month.
and predicted major cash generation incrementally for the rest of the year and 2024. It’s the first time he has personally been so positive. Let’s see once again if our wait has been worthwhile. Ofer was quite guarded when asked what the rebranding at the end of June would entail, possibly not just a rebranding ? Who knows. Personally I bought into the rhetoric as I have done previously ! we’ll see in the next few months.
Perhaps the market was worried whether TRMR would succeed/survive integrating Amobee... and it seems they have just about done it. It cost them... but most of the pain now taken and now the future is bright? Onwards and upwards. Market usually forward looking?
JLB,
That's what I am reading over here...'sales better than expected'.
Garbage numbers, lousy outlook, more of the same old blathering crap from management...and the stock moves up. As we say in the States, "go figure".
Although the news was not good perhaps it wasn't as bad as expected?
What a strange day....hard to see what has pleased some investors after the initial negative reaction. Is there some good news hidden in the RNS?
Not complaining just confused!
The pre-open price is up 6.5% on the Nasdaq Malbright
Well it seems that the market (at least the UK version of it) has swelled the quite unbelievable claptrap forward guidance, such that the morning sell off has now recovered all of its losses.
I suspect our Nasdaq "friends" won't quite be as gullible so expecting a renewed sell off when the market opens stateside.
Not good news. I thought with the mini-surge last week that some news had leaked and it was going to be OK. But speculation.
I can't believe their take on our numbers. Are they not aware of what the competition is doing?
Or am I that clueless?
I hope it's me who's clueless. I suppose it's because I am used to PERI's numbers.
It's almost midnight here. You guys carry on without me.
I'll think about all the Money Ofer's taken out of the company in compensation...that ought to help me sleep.
I did the same.
Virtually no one else did
Scorpion,
I cut and pasted my vote last year on this board. I voted against almost all of them who have been here longer than a year. That's about all I could do
So why gdog does no retail punter ever vote against the board at the AGM? We all sit here whining but do nothing.
They need to flush this down the toilet, where it belongs.
Oh, never mind, Ofer et al. are doing that for us.
Mal, now I am also become furious.
to scorpionwinger - *******s to finncap. they've been trotting out the same price target for years now and each quarterly report takes the price lower. if we hadn't had the recent price recovery over the past couple of weeks we'd now be looking at a share price below £2 (which i think will happen anyway later today)
Mal,
I am too depressed by these numbers to be furious.
I may as well sleep through the BS conference call and catch the replay later. We've heard the same crap from them for so long it's downright 'depressing'.
And one thing that really gets my goat. They NEVER separate the revenue figures into the individual companies acquired. So despite all the supposedly revenue enhancing acquisitions of the past 5 years or so, our actual sales (revenue) has declined markedly. You have to wonder what these figures would be like if we hadn't acquired Amobee.
Its absolutely shocking. And still another $ 7 millions + in share based compensation in this first quarter !!!! If only these ####wits would have their compensation based on the jam tomorrow principle for the rest of us.
Im bloody furious.
Q1 actually better than expected and Finncap reiterates target at 1300p. Time to keep the faith….
Well Gdog as you say they done it again. Revenue down, despite all the acquisitions, profit completely erased and now in a loss situation, really clutching at straws with the forward guidance, which would take miraculous recovery to achieve. All jam tomorrow yet again.
Expecting the usual 25% hit to the share price as soon as the market opens, which may well get worse when Nasdaq re-opens later today.
Have held long and strong for so many years now it looks like I'm never ever going to break even on this. What to do ???
TTD up what, 21%?
PERI revenue up 16%
TRMR scraping the bottom of the barrel.