Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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stt1 said:
"I don't believe revenues from Unruly will replace revenues lost from the rthm operations closed"
What revenues exactly?
Second-guessing to suit a negative agenda, using unquantified 'revenues' is just piddling in the wind.
Stt1, because of the economic impact of the lockdown your 'predictions' of a drop in TRMR's revenue for 2020 are pointless & your crowing about being correct rather pathetic....we wont know if any drop in revenue is due to the impending recession or TRMR's business model.
If on the other hand TRMR's peers perform well & even increase revenues whilst TRMR does not then you can then pat yourself on the back. Until then you're being premature & asinine IMO.
bald_eagle
"April 2nd (when you made your forecast) was when 'almost' everyone knew that a lockdown was only a matter of weeks away and the economic fallout would impact revenues for the rest of this year at least.."
Actually 2nd Apr was weeks AFTER lockdowns were introduced around the world. Even the UK lockdown, which was later than a lot of other countries, was introduced before 2nd April.
I have been consistently posting, long before the 2nd April post and lockdowns, that in my view Trmr's revenues will be lower for this year, fy2020, than for fy2019.
This was based on Trmr closing several rthm operations in 2019, revenues from which will not be included in this year.
I don't believe revenues from Unruly will replace revenues lost from the rthm operations closed.
Readers are welcome to read my posts and form their own opinion:
https://www.lse.co.uk/profiles/stt1/?page=25
"This was from my post of 2nd Apr 2020, 20.36:
Given they will lose revenue from discontinued operations and CTV revenues were only $31.9m, I believe this years, fy2020 revenues will be below $300m."
==========================================
Stt1, I don't know what childish point you are trying to make. Perhaps you get some satisfaction from making asinine statements. April 2nd (when you made your forecast) was when 'almost' everyone knew that a lockdown was only a matter of weeks away and the economic fallout would impact revenues for the rest of this year at least...some were predicting a V-shaped recovery but it looks like a deeper recession is now on the cards. Your 'prediction' of reduced revenues for TRMR this year will unfortunately also apply to a huge number of companies....probably even ones you are invested in. So reduced revenues will 'probably' be due to the recession rather than a problem with their business model. Even you cannot claim credit for the impending recession...that's the fault of the virus.
Bald,
"Given the economic turmoil that prevails in the aftermath of the coronavirus Tremor isn't the only company to fall short of revenue forecasts. "
I suggested revenues will fall short long before Covid 19 and re-posted the same after lockdown. Whereas some on here were suggesting that Trmr will benefit during lockdown as more people were watching tv.
My opinion was based on Trmr closing several rthm operations, inc Perk and the fact they are operating the same model as rthm and therefore I think will have similar problems.
This was from my post of 2nd Apr 2020, 20.36:
Given they will lose revenue from discontinued operations and CTV revenues were only $31.9m, I believe this years, fy2020 revenues will be below $300m.
Not very helpful stt1
Wanting to appear knowledgeable by using whatever fits your agenda.
Reading the past to both prove and deny the future, always in a negative manner.
What hope is there for you?
Stt1, a particularly asinine post ....even for you. Given the economic turmoil that prevails in the aftermath of the coronavirus Tremor isn't the only company to fall short of revenue forecasts. What is important is how they bounce back afterwards. How are your investments doing?
Tricky
"with estimated CTV revenues in Q2 2020 versus Q2 2019 increasing by c. 264% "
Given they merged with Rthm in Q2 2019 and so CTV revenues were starting from a LOW BASE, they were expected to grow substantially. It's no guide to future increases now that rthm is integrated.
Given last week's TU states that they expect H1 2020 revenues to be $131m-$135m, 27-29% lower than expected, it does look like my prediction that TRMR fy 2020 revenues will be lower than fy2019 revenues of $325m.
As expected.
Tremor CTV media inventory grew by over 50% from Q1 to Q2 2020, with estimated CTV revenues in Q2 2020 versus Q2 2019 increasing by c. 264% and management expect CTV and data-driven advertising to continue to grow.
Tremor maintains a strong balance sheet, with c. $76 million of net cash as at 31 May 2020.
Safi
"Since R1 was not contributing to Q1 last year I had expected them to at least match last years revenue, which itself was at a time of weak performance and mismanagement"
The TU was poor, as expected.
The revenues were significantly lower, as expected.
I'm sure some posters will come back with 'it was obvious and it will different this time'
This was from my post of 2nd Apr 2020, 20.36:
Given they will lose revenue from discontinued operations and CTV revenues were only $31.9m, I believe this years, fy2020 revenues will be below $300m.
Results much worse than I expected, perhaps my expectations were a bit fantastical. Since R1 was not contributing to Q1 last year I had expected them to at least match last years revenue, which itself was at a time of weak performance and mismanagement
That being said, the shrinking performance division has more than halved in revenue which account for at least 25 million reduction compared with last year, and so it’s discontinuation is going to impact less on growth going forward. Not to mention other discontinued operations.
I don’t know what to make of Tim Weller leaving.
I see no excuses for them not to best last years full year revenues...you would expect at least 200million in the 2nd half if trading goes back to normal. But sp will remain depressed until we see significant evidence of growth
Certainly not making a good reading.....YET, there is a "BUT"....of course the market expected the company to take a hit from the covid-19 global crisis so the big revenue drop in the last quarter and perhaps even in the next one did not come as a big surprise.....further more the company reported of a decent level of saving using very tight control on spending.. the fact that all this time they never stopped the share buy back plans (knowing very well that matters are not healthy trading wise....),and continuing to do so is a strong signal of confidence in the future...
Of course it was always going to be a red day today,but the initial big drop at start recovered somewhat (so far....)hopefully better things to come..and there is another "BUT"....we must be very much used to it by now.....(jam tomorrow yet, again,this time pretty much out of the company control with the pandemic crisis...
GLA.
The buy-back is continuing & even being accelerated despite the difficult trading conditions. They will be buying plenty of shares today after the drop!!
Good to see that they have intergated Unruly and are finding lots of cost savings....hopefully they will emerge a leaner, fitter outfit. But jam tomorrow is now off the menu....a glass of water and a slice of dry bread perhaps?!