Member Info for Radium1

Well, I forecast a while back that this restructured business would probably take another 2 years to grow into maturity. I’m sticking with that. On the face of it, I’m rather content with the new business model that Nexxen has built and with the tumult now behind us, I’m rather optimistic for Nexxen’s future.

I fully expect to see it progress, quarter by quarter, from here.

Hisense: The First TV With Freely.

In today’s announcement, a significant development for Freely was revealed: a strategic partnership with Hisense, the rapidly advancing smart TV brand in the UK.This long-term collaboration, spanning five years, marks the first line of devices that will support the upcoming service. The collaboration signifies a mutual benefit: for Hisense, it adds significant value to its product offerings, and for Freely, it provides an established platform to reach a broader audience.

However, at the moment......Freely will only be accessible on new, connected TVs released from 2024 onwards, raising questions about its reach and impact on viewers not equipped with the latest technology.

https://www.cordbusters.co.uk/freeview-streaming-future-freely-tv-hisense/

Https://dailyuknews.com/business/channel-4-may-be-forced-to-access-debt-facility-after-worst-advertising-decline-since-financial-crisis/

Jonhas,

I have no clue what Tremor/Nexxen's 3Q revenues or its 4Q outlook is going to look like.

Crystal balls are cheap. We will all have the real numbers come Wednesday and we can talk again then. Atb meanwhile.

Nexxen, slowly but surely building the Brand. Iit's come a long way from the days when it was called blinkx.

One day, Mr Market is going to wake up to that.

https://www.nexxen.com/news

https://www.nexxen.com/partner-spotlight-plex

https://digiday.com/sponsored/qa-how-brands-and-retailers-are-using-commerce-media-and-data-for-more-accurate-campaigns/

https://www.nexxen.com/broadcasters-publishers

Many questions have been asked about when Nexxen might start to monetise the VIDAA data. This video interview with Nexxen’s Steve Broadhead, from late August, throws some light on this subject and the complications that come with ACR and its subsequent use. It looks like Nexxen is planning to release something (for testing?) around the end of this year or early 2024.

Related video timelines at around 3.20 mins, 4.08 mins and 13.03 mins.

https://www.exchangewire.com/voxpops/nexxens-steve-broadhead-on-the-opportunities-of-ctv/

Tricky re your….So, the incentive is to sell before the expected poor results.

Well, I for one, have no incentive to sell.

As I said, like everyone else, I have no clue what Tremor/Nexxen's 3Q revenues or its 4Q outlook is going to look like but it is clear that the macro conditions out there are tough right now and if they do meet, or beat, even their reduced 3Q and end of year targets then I will feel much relieved with that.

I’ve also stated here several times that it’s my view that with the integrations complete, Tremor/Nexxen now has a very attractive, state of the art, full stack end to end platform which, and crucially, if they can grow the DSP side and attract a meaningful number of broadcasters, enterprises and agencies on-board, as per Druker’s declared aim (SSP Cross-Platform planner tool now available and CPP tool for the DSP should now be out of beta by this time, then, it’s difficult not to conclude that there is some serious business potential here for Nexxen. I've also said that, because of the prevailing macro headwinds, that a clearer picture of Nexxen's success or failure will unfold during 2024 and short of an unforeseen event and in spite of past disappointments, I’m likely to remain invested here through fiscal 2024.

Just now, there are a lot of investors trapped in here with options that are binary. Sell and consolidate a loss or hold and hope this one comes good. As I see it, Nexxen has some serious potential and its balance sheet is strong enough to see us through this hiatus during fiscal 24.

Jonhas, it's clear that ad spend is subdued and it is being targeted to where it can produce a quick return rather than building Brands.

e.g. how many times has S4's Sorrell had to trim his outlook?

extract...S4 Capital shares plummeted last Thursday as the group trimmed its outlook and revealed reported billings fell by 7 per cent. Sir Martin Sorrell, executive chairman of S4 Capital, described third quarter trading as 'difficult', reflecting 'global macroeconomic conditions.

A deteriorating economic environment has seen companies around the world cut back on marketing spend in 2023, hitting the bottom line of S4 and rival WPP, as well as media companies and broadcasters like ITV.

He added that S4 had suffered ‘extended sales cycles' and 'client caution to commit' particularly for larger projects and 'to some extent' tech sector clients.

Ad tech cannot isolate itself from the macro. Ofer Druker noted the same ‘extended sales cycles' and 'client caution to commit' particularly for larger projects, during Tremor/Nexxen's last cc and so I find it difficult not to be anxious as we approach 3Q23 earnings on the 22nd, and indeed the next two quarters beyond that, particularly 1Q24, as that is traditionally ad tech's softest and weakest quarter.

We are where we are but fortune could have offered us a more favorable time to have just completed a restructuring of the business.

Like everyone else, I have no clue what Tremor/Nexxen's 3Q revenues or its 4Q outlook is going to look like but, under the current macro conditions, I will be highly relieved if their figures come in as they predicted them on the last earnings call. If not we are going to need that buyback.

As you know, The Trade Desk sp took a right knock following their earnings call last night.

Jeff Green, Trade Desk’s CEO, said on the earnings call that “starting about the second week of October, we began to see some transitory cautiousness around certain advertisers.”

“We saw some reduction in brand spend in verticals such as automotive and consumer electronics, for instance, specifically around cell phones and media and entertainment,” Green said. “Some of these industries have been recently impacted by strikes, such as the U.S. auto industry.”

While most independent ad-tech companies have struggled to compete with Google’s systems, Trade Desk has built a business, valued at $38 billion prior to its earnings report, largely by helping companies shift ad budgets from traditional television to the connected TV market.

Green said that spend “stabilized” in the first week in November, and “we’re very confident that we will continue to outpace our industry.”

He added that the company’s “business is largely based on the world’s largest brands,” which means “if there is a little caution due to macro uncertainty facing everyone, we, of course, won’t be immune from that in the short term.”

Trade Desk said third-quarter sales jumped 25% from $493 million a year earlier. Net income increased to $39 million, or 8 cents a share, from $16 million, or 3 cents, a year earlier.

The stock fell to $53.49 in extended trading after closing on Thursday at $76.81. Prior to the after-hours move, the shares were up 71% for the year.

Meta, Snap and Pinterest all noted a softening of the digital advertising market in their latest earnings reports due in part to the Israel-Hamas war.

Susan Li, Meta’s chief financial officer, said the company widened its guidance because of unpredictability surrounding the Middle East Crisis, while Snap said it would not provide official guidance “due to the unpredictable nature of war.”

It doesn't bode well for me. My senses guide me to ask the question...why would Tremor prepare for another buyback if the outlook was good. That is mutually exclusive.

brand elevation for nexxen…we sure need it. building out the enterprise side of our business….an absolute imperative. more than happy to welcome these latest two key execs ben ****** as chief marketing officer and ariel deitz as vice president, enterprise sales.

Https://absolutefusion.my/2023/09/newswire/hisense-continues-its-soccer-championship-legacy-as-triple-time-sponsor-of-euro-2024/

SailorBeware, ambulance chasers and old news that's already been covered here, but once again and just for you....

Often referred to as a scatter-gun headline posted by an ambulance chasing law firm trolling for business. Just take a look at the amount of Class Action business this Pomerantz law firm alone is trying to drum up, and there are plenty of others out there, link below….

https://www.bing.com/news/search?q=Pomerantz+Law+Firm+Investigates+Claims+On+Behalf+Of+Investors+Of+Tremor+International+Ltd+-+TRMR&qpvt=Pomerantz+Law+Firm+Investigates+Claims+On+Behalf+of+Investors+of+Tremor+International+Ltd+-+TRMR&FORM=EWRE

These guys put the headlines in the appropriate shareholder domain in an attempt to attract the required quorum of interested participants for a class action, usually about 30/40 aggrieve participants. All in the class must have exactly the same type of tort. Then a lead person, i.e. a Lead Plaintiff, from the group has to be found willing to put himself out there to act on behalf of the class as a whole. That in itself requires a lot of competence and free time. Another drawback is, any reward/compensation is allocated to the group, not individually. The lawyers take their percentage first from that award. The remainder is divided among the rest meaning those in the class carrying the greatest loss may only recover some of it. There’s nothing extra for the Lead Plaintiff who may have given up months of his life for everyone else’s benefit.

The majority of these Class Action attempts go absolutely nowhere. Like unpicked grapes, they just die on the vine.

Some more reading if you are interested …..but if you ask me, best to just turn the light out and go to sleep.

https://www.gacovinolake.com/faqs/does-joining-a-class-action-lawsuit-cost-me-anything/#:~:text=The%20class%20representative%20stands%20for%20the%20other%20class,reimbursement%20for%20these%20fees%20once%20the%20case%20settles.

https://www.forbes.com/advisor/legal/personal-injury/how-start-class-action-lawsuit/

https://www.forthepeople.com/faq/class-action-faqs/what-lead-plaintiffclass-representative-class-action/

Martin Sorrell...

“We had a very mixed first half of the year reflecting challenging global macro-economic conditions and consequent fears of recession, which resulted in cli-ent caution to commit and extended sales cycles, particularly for larger pro-jects,” said Sorrell, executive chair of S4 Capital, which has now cut its annual forecast for the second time in as many months.

“Advertising agencies are at the mercy of the economy,” said Russ Mould, in-vestment director AJ Bell. “Martin Sorrell’s digital advertising agency is current-ly suffering from subdued client activity – its customers are worried about re-cession so they are cautious about signing off big advertising campaigns.”

We'll just have to wait it out.

https://www.msn.com/en-gb/money/other/sir-martin-sorrell-s-s4-capital-cuts-500-jobs-as-tech-clients-rein-in-ad-spending/ar-AA1gSKu3?ocid=msedgntp&cvid=aeb0d9178b414168bc982e6c6537464c&ei=80

Apologies, the link...

https://www.lse.co.uk/rns/SFOR/interim-results-for-2023-e08eolc82bwy72b.html

Re, S4Capital plc interim results.

Its all about the macro. With statements like this from S4Capital, S4 didn’t see the hit that was coming (and landed) in the third month of the June quarter, any more than Tremor did. And it looks like the dearth has extended into the month of August as well.

Extract..“Full year expectations have been further revised”…..”like-for-like net revenue is now expected to be likely down on the prior year”

S4 Outlook

Following slower than expected trading over the summer months, including August and current client activity levels, full year expectations have been further revised. Like-for-like net revenue is now expected to be likely down on the prior year and operational EBITDA margins are now targeted to be in the range of 12% to 13.5%. As in recent years, we ex-pect the full year results to be heavily Q4 weighted reflecting our seasonality and anticipated client activity.

Sir Martin Sorrell, Executive Chairman of S4Capital plc said:

"We had a very mixed first half of the year reflecting challenging global macroeco-nomic conditions and consequent fears of recession, which resulted in client caution to commit and extended sales cycles, particularly for larger projects….. We expect the year as usual to be weighted to the second half, especially Q4 -….. We remain confident our talent, busi-ness model, strategy and scaled client relationships position us well for above average growth in the longer term, with a new emphasis on de-ploying free cash flow to …share buybacks."

Does the above sound familiar?

hxxps://www.lse.co.uk/rns/SFOR/interim-results-for-2023-e08eolc82bwy72b.html

Cont...

Personally, I can’t for the life of me understand how anyone ever made an investment case for Totally Plc and as things stand, I can see nothing to hold Totally’s sp from falling further. Accounting anomalies, CEO and CFO creditability gone, a staffing crisis that’s endemic and cannot be reconciled anytime soon in the healthcare sector, serious question marks hanging over the business model, downsizing and a cash call at a rock bottom sp a serious probability (massive dilution). Future dividends in question, cut or possibly abandoned. Certainly, ought to be, can’t risk giving away the pennies when you aren’t earning any. Right now, there isn’t a single visible catalyst to support the sp and so, the question is, how much further can it fall? What is the investment case for that POS?

Whereas I commiserate with the ordinary Joe invested in Totally, this guy (stt) dedicated a career to damaging the hopes of so many other people invested elsewhere. He deserves all the pain he’s getting (and more) from his losses there. What goes around comes around. Currently burning his keyboard in panic, this guy had it coming.

Watch now for a return post from him. His standard response for self-preservation is always the same, one of character assassination of the other person. It will contain content to ridicule, deride, undermine, and mock and most definitely contain his standard get out from under ridicule of Tremor Plc.

It won’t have the slightest impact on me. As I said, I don’t read his clap.

The schadenfreude, however, is the immense pleasure for those of us who have earned the right to dislike this guy with a passion. I’m just one of many.

Cont...

While using the Totally Plc lse and advfm bulletin boards to pump and defend Totally’s virtues and its future outstanding growth prospects, he kept buying throughout the decade as Totally’s sp continued its downward trajectory. At one stage en-route, he posted on the advfm bulletin board that he used his full year ISA allowance to buy Totally shares. At that time, they were around 60p/65p from recollection.

Ten years on and Totally’s sp graph looks like a ski slope on steroids. Recent company ‘news flow’ has pushed the share so low (7.75 pence at close on Friday) it’s beyond recovery in my view, and with stt so financially strapped into Totally and unable to escape, he is, quite literally, drowning in serious losses right now. His relentless pumping of this stock during this entire period has been for one purpose and one purpose only, the saving of his own skin in the face of what was so obvious, (at least to me) the inevitable demise of Totally Plc. Forever mocking others for not listen to his investment advice, ‘red flags’ and ‘news flow’, we can all see him now for the ordinary chump that he has always been. An investment guru, unable to look after his own investment. A big looser of his own money and sadly, the money of those naive punters who were fool enough to listen to him.

Cont…

The nature of these bulletin boards is such that there is nothing that anyone can do about a pariah poster like stt and there are few who are more manipulative of this weakness than stt. It may (or may not) help to know that this is not the only stock/board that he has been active in, in this way, over many many years and without exception his modus operandi has left him friendless everywhere.

In the fourteen years that I have been associated with this board stt has also been here. Just about every possible expletive and mental pathology query has been used, implied and applied, without the slightest impact on him. To date he has clocked up 35,700 posts on the advfm bulletin boards and although I have no wish to check his posting status here on this board, I believe it runs into the 10’s of thousands.

From among all of that, I cannot recall a single positive Tremor post... ever!

That’s why I don’t reads any of his clap and haven’t done so for years.

Odd as it is, life often plays out in a “you’ll get yours one day” scenario and that’s why at this time so many readers here and on the other boards he works, are thoroughly enjoying the irony of knowing that stt, so heavily invested in Totally PLC at prices dating back to the 95p+ days, is today licking the wounds of huge investment losses. And yes, I mean huge, he’s seriously invested in Totally Plc. Having made his first investment over a decade ago, Totally’s sp graph began its ski slope journey from the date of his first purchases and it never recovered to those heady 95p prices. Throughout the decade the downward trend from there has been relentless and thus, he has never had a single opportunity to sell at a higher price than he bought. And I mean, never.

Cont...

For further clarity.

This taken from the Financial Summary for 1Q23 and 2Q23...

As of March 31, 2023, the Company had net cash of $89.1 million, which consisted of cash and cash equivalents of $190.5 million, offset by $100.0 million in principal long-term debt and $1.4 million of capital leases (consisting entirely of the Company's server leases), as well as $80 million undrawn on the Company's revolving credit facility

As of June 30, 2023, the Company had net cash of $94.2 million, consisting of cash and cash equivalents of $195.0 million, offset by $100.0 million in principal long-term debt and $0.8 million of capital leases (consisting entirely of the Company's server leases), as well as $80 million undrawn on its revolving credit facility.

Millenium, re this line that you posted...‘Why not state their cash position at latest published Qtr, Q2 end?’

Firstly, I never read any of stt's clap. I have him filtered here and I scroll past anything and everything he posts elsewhere.

From 2Q23 financial highlights....

extract, Sagi Niri.... As of June 30, we had $94.2 million in net cash as well as $80 million undrawn on our revolving credit facility.