RE: Update18 Jun 2020 16:52
Whilst we all wished for a more ‘glamorous’ Update this was always going to be about the battle between the rate at which Tremor Sheds Low Margin and Old Performance activity Versus replacing it with the NEW Technology Revenue streams such as CTV .
The growth percentages in comparison with last years figures in terms of increase in high-end new Tech activity V diminishing old performance revenues are very encouraging in my opinion.
Also our Cash position not only doesn’t seem to have deteriorated in any significant way it seems to be holding its own quite well and furthermore, the company still remains Depth Free ( not a lot of companies can say that).
The Trading Update suggests further streamlining over and above the annualized cost synergies mentioned in the last set of result figures.
We are told the Unruly integration was completed ahead of schedule so more NEW revenue streams to hopefully flow in from that mutual investment with News Corp as we enter the 2nd Half activity.
More importantly if we are to believe the BOD, we are ALREADY well on the recovery path, entering Q3 + 4 as Covid impact begins to ease. This is of course providing we don’t get deal breakers such as a serious ‘second wave’ or some other disruptive market/industry wide development.
I agree, the Up date isn’t dazzling but there again depending on what kind of Lens you want to see things through, its not that bad either.
YES. JAM TOMORROW again, but at least we do stand A chance of having ANY JAM at some stage in the future, where as a lot of other companies/investors never will have the opportunity (remember Rocket Fuel, Sizmek etc etc.) ?
I personally happen to LOVE JAM and for now quite prepared to wait a while longer to have it!
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