Member Info for gdog

Hey Eddie,

On a side by side comp, using the metrics you cited, I get PERI vs TRMR at Friday's closing prices for PERI, using trailing 12 months numbers (I can't count on PERI guidance): TRMR should be 2.12 GBP compared to PERI on a basis of sales, and TRMR should be 6.03 GBP when compared to PERI on an EBITDA basis.

I used $1.37 / GBP
PERI EBITDA 2020 of $32.8 million US and a market cap of $600 million (US) ($17.73 per share X 33.85 million shares currently outstanding)
PERI sales 2020 were $328.1 million US
TRMR EBITDA $60.513 million US full year 2020
TRMR Sales $211.92 US full year 2020
TRMR shares outstanding 133,532,339

Maybe I got something wrong, but I double checked my numbers and came up with the same numbers twice. Perhaps I made the same mistake twice...which is not my usual MO.

Both still very compelling, at least for me, given the space we're in.

My PERI vs TRMR numbers do not agree with eh9's on ADVFN. I've not checked in at the ADVFN board in several years, so I am not sure about his metrics. I could be mistaken about my numbers (for the first time in my life). (Oops, forgot about the beeeeaaaaaatch to whom I was once married.)

I'll double check my math (as we say in the states) and get back on this a bit later.

Of course there are many funds, ETFs, etc., that are foreign holding centric, which are available to US investors through their local brokerage accounts.

I was referring specifically to US investors holding accounts or other income producing investments in foreign countries below.

BTW: Milhous,

I've spent a fair bit of time on the Continent. I've owned and do own real properties and accounts in Spain, and used to have interests in Zurich. That's probably why I take a more global view than many in the USA when it comes to investing. Many Americans don't realize what's available outside the USA, and our government makes it difficult to invest overseas.

It has gotten a lot more difficult since the early 2000s, with the "know your client" banking rules. It makes it a bit of a pain in the rear for a small investor such as myself to own foreign companies via "alter egos", or invest in foreign stocks or real property. Each and every year I have to disclose all my foreign holdings in what's called an FBAR (Foreign Bank Account Report). Funny, but that report goes to what's called the FinCEN, or the "Financial Crimes Enforcement Network". Not at all inviting.

MIlhous,

PERI, like TRMR, is a turnaround story. (So is MGNI.) PERI doesn't get the attention MGNI does, and it's a better company, or so I believe. There are a lot of Israeli based companies in the USA that do well. I've been scratching my head over PERI's lack of recognition for the past 18 months.

PERI has corrected from $28.32 to where it closed on Friday at 17.73, some 37.4%

PERI management are serial sandbaggers. They love to UPOD. Their forecast, to me, is ridiculously low. Time will tell on that...but I know for a fact they do not want to over promise and under deliver. They say so themselves.

I believe PERI is still very undervalued, more so than TRMR. As a matter of fact I added a bit of PERI to one of my brother's accounts recently, in the 19s.

Of course the market doesn't give a rat's rear what I believe, and nobody knows what tomorrow may bring. This is why I spread my bets to so many (now 8 pure play, 6 CTV) companies in this space. Not to mention the usual suspects such as GOOG, and some tangentials such as FUBO and DKNG, among others. I don't know who the big winners will be, but I imagine I'll be in at least one, if not more. So far MGNI, the most obscenely over valued player I own in this space, has been pretty good to me, even though I really don't believe they currently deserve the assigned valuation, even after a 40% pullback, as previously stated.

Obviously I believe in this space. I am neither so arrogant nor stupid as to believe I can market time, so I nibbled my way into all my positions. I've placed my bets, and am willing to wait five or more years to see how it all plays out. I will adjust my strategy as news allows. Until I learn different, I shall be content to sit back and enjoy (or hate) the ride.

Hey Milhous,

I'm not sure if I'll buy any ADRs, but, at this stage, it's unlikely.

I filled up my boots in London over the past year, with an average cost of 157.3p. Not likely to buy any more, but not going to sell any until I see how this story is unfolding. I also filled the boots of both my brothers.

BTW: Over here, "trading" is done by "traders", chartists / technical analyst. "Investing" is done by "investors", who base their decisions on fundamentals. Traders work on short term sentiment. Investors are longer term. To me, "short term" is two years or less, but the legal definition for tax purposes is one year.

https://www.investopedia.com/terms/a/adr.asp

Milhous,

Considering "ADR" stands for "American Depository Receipt", I think it's a pretty safe bet if we issue any they'll be tradeable in the USA.

I just read the SA article.

I've been saying, on this board, for months: 'I feel MGNI is overvalued at current levels'. I still feel that way, even though it's down close to 40% since recent highs. I also feel if all works out well they'll (we'll) grow into their (our) current valuations and more, for a number of reasons not stated in the article.

PERI works both sides, going heavy into CTV.

MGNI is a pure play SSP with a heavy push towards CTV.

The value is shifting towards the SSPs with the elimination of cookies.

CTV doesn't rely upon cookies.

Hey SW,

I can relate, since I don't have many masochistic tendencies.

That being said, you've a good reason to rationalize your stopping by the TRMR board and posting once in a while: you put your sister in TRMR and you must keep her informed. Also us; after a decade, give or take, it's nice to hear from rational old timers.

'Only a fool can predict the future'.

Hey SW,

I see you've left us Tremorites, but no goodbye?

Glad to know you're doing well.

Dawg

About our price moving below 700p: A very wise poster has said, on numerous occasions, "one never knows what tomorrow may bring".

My screen shows a closing price of 748p, up 40p or another 5.65%. This may change as things settle, but still...

I effing love it.

Bru bro,

I've been saying for the past umpteen months I feel MGNI and TTD are overvalued. I am pretty heavy (for me) into MGNI, but sold enough last year to take a nice chunk of cash and will let the rest ride for "free".

That being said, relative to MGNI (and also relative to AcuityAds), TRMR and PERI are very inexpensive.

My opinion, which is worth exactly what one paid, is these two (TRMR and PERI) have a long way to go. I feel MGNI needs to work its way up to its present assigned value. Same with Acuity. But I also feel this is entirely possible, and in my (free) opinion, we're heading there.

I am not here to lose Money.

I hope those 957 shares turn out to be a fabulous move on your part.

BTW: I also enjoy investing in round numbers.

Congrats to those long suffering blinkx investors who've finally turned positive. Fingers crossed you quintuple the value of your holdings over the next few years, with more to follow.

Hanger,

It was peanut butter and honey. What a mess.

Eddie,

Massive. Woke up to a sticky mess. Hope that happens again...and again...and again...and, and, and...

Gino,

Neither do ignorant losers. That's the category within which I place our village idiot.