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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.
Good summary of the conference call Jonhas . I think they may have got all their ducks in a row at last and are finally in a position to start reaping the benefits. It sounds like Tremor are in an almost unique position with their platform now and able to obtain revenue streams from numerous directions with the technology they now have in place through the acquisitions and recent collaborations. Sagi said we should see some meaningful improvement by the end of this quarter so only a few weeks to wait hopefully. Others must be feeling the optimism too it would seem as the SP is quietly on the rise. I really hope they can backup this regained confidence, anyone still in this share certainly deserves some return.
Arthur, TRMR has certainly tested our patience at times however this may turn out to be beneficial. I've been buying for the last few months and right down at the 2GBP low. Should the recovery happen in the next quarters results then the potential for a serious re-rate is good. Although now it would have been nice to have seen a straight line up or even a level one, at some point in the future I may look back and consider it lucky that I had the opportunity to buy when it was seriously low. I'm hoping that the patience will pay out in the future.
Jonas, I think you might have pulled off an extremely good buying opportunity at these prices. I’ve been with this share for a long time from its earlier entity Blinkx and have suffered along the way like everyone else. I purchased the majority of my holding back then but have encountered numerous setbacks along the way to be in our current position as Tremor today. My holding is probably worth much the same now as then so it’s not been a very good investment so far !The company it would appear has been transformed into a potential leader in its industry with all the technology necessary now in place to reap the benefits. If we are to believe the board we are on the start of a major transformation in fortunes. They have been making some majorly positive statements about the next 2 Quarters’ profitability so I’m willing to wait a little longer and see if they at long last come up with the goods!, They seemed on the right track at the heady days of £ 8.00 plus and I’m more optimistic now than then, we’ll see!
"....I think you might have pulled off an extremely good buying opportunity at these prices."
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I thing he must be related to Harry Houdini. On the day of the results the intial reaction was a 20p drop & I thought it wasn't looking good. But 'somehow' the SP reversed and the SP is showing strength.
I wont start counting my chickens....this is TRMR after all.
Fair comment,
Let’s wait and see. I still live in hope like most of us!
Bill Clinton lived in Hope....Arkansas!
I don't live in Hope.
Prior to joining this board over 14 years ago, as a blinkx shareholder looking for a community of fellow blinkxonians, I'd never heard the phrase "jam tomorrow" (that among many other provincial UK sayings).
I am sorry to say I know "jam tomorrow" all too well.
'jam tomorrow' was coined by Lewis Carroll in his 1871 book 'Through The Looking Glass'.
The White Queen said. "The rule is, jam to-morrow and jam yesterday – but never jam to-day."
"It must come sometimes to 'jam to-day'," Alice objected.
"No, it can't," said the Queen. "It's jam every other day: to-day isn't any other day, you know."
Gdog, you mentioned on a previous post that you didn't hear anything on the conference call that was particularly new. I know you are thorough so I was intrigued. I concluded almost the opposite. Sure its not certain and is still cloudy - but when did we last hear a figure presented to the CFO (two thirds thru the quarter) which by implication he confirmed they were on target for - okay the above was not clear cut but still its not something I've come across in countless calls previously - have you? The CFO didn't attempt to temper expectations even with analyst encouragement - 40-60 split would have been easy to agree and would soften Q2 expectations with but he mentioned a 45 - 55 as another possibility.
Even more interestingly is that if they meet the 92.4m then the 400m is perhaps more than achievable. And whilst TRMR is down 37% in the 52 weeks, PUBM is down 11% and TTD is up 35%.; yet there would be a strong case that TRMR would at 400m have had the best year assuming the others perform as guided.
Yes, we've been disappointed previously but I think its important not to be swayed unduly by the past particularly. I know you've been buying in the recent past and see many of same things as I do so just interested to know what turned you off from concluding the same this time.
Jonhas,
I believe we're on the same page.
Note my comment about "more conviction". I was actually referring to the exchange to which you referred when I made that comment. The 'increased conviction' did not come from Ofer. It came from Sagi.
We've had much "jam tomorrow" from management, which causes me to temper my enthusiasm. At least outwardly...what I say publicly about 'tempered enthusiasm' is not necessarily reflective of my actions. I absolutely "filled up my boots" (relative to the number of shares of various companies in my stock accounts) over the last few months in the $6s and $5s (ADS prices). I stuffed them. They're overflowing...at least relative to the number of zeros I have in my total net worth.
Note: "filled up my boots" is another UKism which I'd never heard before this board.