Member Info for Malbright06

Can somebody please enlighten me as to how the pre-market trades work in USA. Who for example strikes the trade price ? Does a party actually conclude an actual trade (purchase) at the price shown or it it simply a strike price at which they hope to trade when the market opens. I check pre-market trades and quotes on the Nasdaq official site but I still don’t understand how it works. We are definitely in the world of the tail wagging the dog, as our original AIM listing and pricing is entirely now under the spell of what happens in the Nasdaq listing.

Just by looking at the intro day graph everyone can see that the shorters have still got Tremor by the balls and can do whatever they want with the NASDAQ price. Wouldn’t surprise me to see it back to $ 15.22 by the end of the day having got to well over $16 pre market open. And in AIM they took the price from 630p to 574p. When will it ever end ?

dog Id be happy to join you in buying at these crazy prices but there is a chance I might need my funds before end of this year to buy a house. So I cant take the risk that the shorts could continue to take this down even further than it already is and before any market update expected in January to re-confirm the ongoing excellent results. If the board cant figure out some way to get back at these shorts, there is simply no defence. If we are still at these levels come January, even a great report might only take it back to around $ 18 or $19 before the bloody shooters will be back for more.

Hi gdog. You seem to have your finger on the stats for the shorts but yet again they manage to manipulate the price down after London close, from somewhere close to $16 to $ 15.61, at one point bringing it back to $ 15.32. I just cant see how we can shake off this short to get back to price levels over $ 20 which even then would be considered a buy.

Yes these guys are not letting go of their short without a fight. Twice in the past 2 days we’ve seen a huge spike well into the $16’s but within minutes the hundreds/thousands of 100 share trades are triggered and down she goes. What intrigues me is where are the shorts borrowing the shares ? Given the report that Tremors largest two shareholders were the ones putting the squeeze on the chairman to instigate a review/ buy back it doesn’t figure that they’d lend out the shares for the short. Given that whomever lends the shares in the first place, despite an interest charge for the period of loan, eventually sees their share value decline inordinately, I really can’t see what’s in it for the initial loaner.

The shorters are going to take this below $ 15 today without any problem, and possibly down below $ 14 within the next 2 days. HELPLESS !!!!!!!

The big question is how low can these hedge funds force the price before we seemingly helpless pi’s can find the funds required to buy at these low prices. I’ve already invested a small fortune in Tremor the latest being a trade of £20k at 599p. But I have a ton more above 700p. Although I have access to funds following sale of a house I’m reluctant to commit more in the face of an implacable enemy ie the short. How will this end ? A Nasdaq price below $10 ??? Previously unthinkable in the context of company results but now who knows ?

Now down to an all time low on Nasdaq of $ 15.66 and every damn trade is 100 shares. Still heading south. Surely the company should ask the SEC to investigate this ridiculous campaign.

Yep $ 15.91 as I type and heading lower minute by minute. The drop on Nasdaq started within a minute of AIM close so there must be something in that.

Also noted that all the trades within milliseconds of each other are all for 100 shares, a classic short if ever there was one. But at the end, for shorts to succeed there has to be a bunch of sellers while they drop the price, and, given results, these sellers must have the brain of a gnat.

Gdog where did you get the info about the volume of shorts. On the Nasdaq site where I track the real time and pre/post market prices of Tremor, there is a sub section marked “short interest” but looking at this it simply states number of shares under short and a settlement date.

To Radium1. and Gdog. - like you guys I just couldn’t resist buying again at these levels. Last night I transferred another £20k into my H&L account and put a limit order in at £6 (believe me I thought we’d seen the last of this level back in March). Anyway topped up at 598.7p and then watched in disbelief as the price plummeted down to 580p. Thankfully it’s back around 600p and waiting for the first pre market figures from Nasdaq which will determine its fate today. Must be a raging buy at these prices.

Yes I’ve seen all 4 analyst targets but not any dialogue analysis. With the minimum target price of $28 and up to $31 from these analysts there would seem to be a gilt edged upside but no takers. Depending on the close stateside tonight I may well put in a £20k limit order around the £6 mark. Surely it can’t fall much below £6 in the weeks ahead. There has to be a bottom based on value analysis. Oh and yes I’m in UK but reason I nbought via Nasdaq was the EToro site offers free trades whilst my UL broker has about a £55 currency charge with each £10k purchase

Last time the AIM PRICE was as low as today was way back on 15th March. Since then the Yo-yo has well and truly found its way into the hands of the market.

Question for US investors. Is it as easy to trade an ADS stock vs a stock with a full Nasdaq listing. Are ADS stocks covered by financial analysts as they would a fully listed stock. Gdog used to say how tough it was to buy Tremor on AIM when he was in USA . Whatever the reason we are getting slaughtered on Nasdaq with the price now at a 52 week low of $ 16.38 and looking like it might drop into the 15’s tomorrow. Given I sunk £10K into the Nasdaq listing at a tad under $20 I’m naturally cautious about yet more but with funds sitting in a bank account I am tempted to have another go tomorrow but on the AIM listing which might well be in the high £5’s tomorrow.

Hi Radium 1. I’m sorry that I cannot agree with your comment that the AIM market is the main driver and that Nasdaq listing simply tracks that. Before Nasdaq we were doing very well on the AIM market price, yes it had its ups and downs which is why I called it the yo-yo share. But since Nasdaq listing it’s the AIM market that is lead by whatever Nasdaq does. If Tremor on AIM was only reacting to these results I’m sure we’d be now well over 900p and on our way to the Finncap target of 1400p. You only have to read the Finncap analysis to conclude that we are really doing well. BUT for some reason the US market has taken its ultra dim view of Tremor and each morning our AIM market reacts to that.

And furthermore I cant fathom how this could possibly be shorted given that there would be virtually no sellers on the US side who would have been in profit and prepared to sell. I'm just stumped for a reasonable explanation.

Well there certainly seems to be no love for Tremor stateside. With pre-market down again below US$ 17 and showing no signs at all of recovery. When we listed at US$ 19 that was considered a give-away price compared to the AIM listing which had already burst through the 800p level. Since then we have had two quarters of excellent results, which on any metric against group peers confirm Tremor on the right track. The result, total wipeout. It seems that yet again we are in the jam tomorrow aspiration which always seems to indicate that the next set of results will push the SP higher. I really don't know what is happening Stateside with their analyst reviews of Tremor but the fact is that the Nasdaq listing has been nothing short of a disaster. We are miles below the listing price of US$ 19 and seemingly the $ 23+ levels which might push the AIM price above 800p are currently just a pipe dream. If the company was a basket case with no growth, no cash, no profit I could understand the market reaction but the reality is the opposite. Gdog as a US resident might be able to shed some light of any, if any, analyst reporting in US of Tremor.

I have now read the Finncap report from beginning to end and it being the only detailed and thorough financial analysis yet published since results, I am still at a complete loss to explain the total collapse in the share price since Thursdays earnings release. By every measurable metric against all its peers, Trade Desk, Pubmatic, Magnite, Viant Tremor was miles ahead in growth, profit, ebitda growth, operating margins, virtually every known parameter.
If one refers to page 18 of the Finncap report I will try to list the important parameters,
2018Dec. 2019 Dec. 2020 Dec. 2021 Dec Est. 2022 Dec Est
Revenue. 131.4. 164.0. 184.3. 298.5. 340.2
Ebitda Adj. a. 44.1. 60.4. 60.5. 149.2. 170.3
Pbt Adj. 42.6. 40.0. 30.8. 121.7. 139.5. (After interest)
Share based payments 8.0. 15.8. 14.5. 42.0. 50.3
Pbt. 27.2. 3.6. - 7.4. 56.4. 77.2
Eps fully diluted. 43.2. 30.8. 23.6. 71.1. 69.7
Ebitda margin. %. 33.6. 36.8. 32.8. 50.0. 50.1

The one metric that stands out like dogs balls is the share based compensation which has rocketed from 8 mil in 2018 to 42.0 mil for this year. And all without any profit or share price targets. Just handed out like confetti. And seemingly increasing as a percentage of Ebitda year after year. Can’t believe we didn’t notice this earlier.

BUT in all other metrics we easily beat or at worst meet all our peers. Nobody comes close to an Ebitda margin of 50% (55% for last quarter) and only Pubmatic can meet our yoy revenue growth of 54%.

So who can explain a drop since Wednesdays close of US$ 20.80 to today’s current price of US$ 17.08 as I write. Meantime TTD up another 5% today.

That’s why I question a possible typo error in Fincapp’s price target of £17 and maybe it should be US$ 17. The only buggers who made any money from Tremor this past 6 months are the directors, the robber barons of the market. Sod we shareholders, just as long as the gravy train keeps running.

Meantime answers on a postcard as to why the market prices Tremor as a future basket case …

Just calculated that across my ISA, Sipp, and funds account the Friday fall cost me over £27000. And I still don’t know why. I’ve read all the analyses about directors share sales (post results so didn’t impact) the relatively small increase in CTV revenue etc but still not read any analyst reports which fully explain the collapse in price. Noted that Trade Desk went up another 9% on Friday and we lost 9% in US market. Surely the profit taking motive (price had moved up around 15% prior to results) still doesn’t explain. Can only hope for some considered rethink over weekend from investors and look to some recovery early next week.