Member Info for Radium1

If it is going to happen then it has to be a move of our current Main listing from the AIM onto the Nasdaq. There is a lot involved with such a move. It will require legal's over there and an IPO. A Secondary listing in the US is not worth a dam.

We will never realise our full valuation while we remain on this donkey market called AIM. Instead of spending another $10 million on buybacks, for heaven’s sake Offer D, use it to double down on your effort to vacate this space as quickly as is humanly possible. And, make no bones about it, we need to be talking about moving our Main listing onto the Nasdaq. A Secondary listing on the Nasdaq while keeping our Main listing on AIM, will NOT DO IT because the Secondary listed shares will simply track the share price of the Main listing. And thus, if we leave our Main listing on AIM and only create a Secondary on the Nasdaq then shareholders will not benefit anything for the added valuations that the US places on its adtec stocks. We need a Main listing in the USA and if they wish to keep a presence here then that can be done via a Secondary on the AIM, if they wish.

Just take a look at the valuations of our US peers Magnite, The Trade Desk, Perion Networks and Pubmatic, as a comparison with Tremor. Pubmatic posted just $56 million in its 4qtr results before launching their IPO
3 months ago at $20 a share. It ended the first day with a valuation of $1.4 billion. Today, Pubmatic’s sp is $57 with a valuation that has doubled since then.

Tremor International’s BOD’s needs stop using woolly words like “from time to time” and get a blo*dy move on. Remaining on AIM is not in the best interest of your shareholders.

https://www.marketwatch.com/story/nih-to-study-three-experimental-covid-19-treatments-2021-03-04

Eddie...that is why I recommend filtering this fool.

Eddie....you will get an even better laugh if you select the 'max' tab on the link below....

https://www.google.co.uk/search?ei=t4BLYM2ZKO7O1fAPkeq26AU&q=stanley+gibbons+share+price&oq=Stanley+Gibbons&gs_lcp=Cgdnd3Mtd2l6EAEYATICCAAyBAgAEEMyAggAMgIILjICCAAyBQgAEMkDMgIIADICCAAyAggAMgIIADoHCAAQRxCwA1CIGViIGWDFJ2gBcAJ4AIABUogBiAGSAQEymAEAoAEBqgEHZ3dzLXdpesgBCMABAQ&sclient=gws-wiz

Eddie...for years, Stanley Gibbons (stamps) was another one of our resident looneys investments. Take a look at the 5 year chart on this one (see below) but be careful that you don’t fall over laughing.
You would be safer and richer following investment advice from Mary Poppins.

https://www.google.co.uk/search?ei=t4BLYM2ZKO7O1fAPkeq26AU&q=stanley+gibbons+share+price&oq=Stanley+Gibbons&gs_lcp=Cgdnd3Mtd2l6EAEYATICCAAyBAgAEEMyAggAMgIILjICCAAyBQgAEMkDMgIIADICCAAyAggAMgIIADoHCAAQRxCwA1CIGViIGWDFJ2gBcAJ4AIABUogBiAGSAQEymAEAoAEBqgEHZ3dzLXdpesgBCMABAQ&sclient=gws-wiz

As Tremor’s stock price trades upward, our Village Idiot is hurting. As the sp continues to rise be prepared for the ‘news flow’ to increase to a frenetic pace and every opportunity taken by our resident loser to make sure he takes top slot in the reading queue. He is on filter for me, but I still get this warm fuzzy glow knowing that the No.7 in his jacksie is getting a bit of welly each and every time Tremor’s share goes up.

As Tremor’s stock price rises our Village Idiot is hurting. As the sp continues upwards, be prepared for the ‘news flow’ to increase to a frantic pace and every opportunity taken by this clown to make sure he takes top slot in the reading queue. He is on filter for me, but I still get this warm glow from knowing that the No.7 in his jacksie is getting a good twist each and every time Tremor’s share price rises.

I have the resident loony on filter so I don’t see anything he posts, but in assessing the wisdom of listening to anything he has to say, against his perennial loss making investment activity over the past decade (blinks included), it is a no-brainer to conclude that the FinnCap report is a far more reliable and informed source. Scroll past his posts, or filter, that’s my advice.

FinnCap report….
FY20 +3% ahead, strong Q1 momentum Tremor has reported strong FY20 results with EBITDA +3% ahead of our estimate, and has highlighted that its strong momentum is continuing in Q1 21, and stated that it is exploring the potential of a dual-listing in the US. FY20 gross revenue of $405m is in line with our prior estimate, and the operational gearing of Tremor’s platform has driven H2 20 EBITDA to $58.7m of $60.5m of FY20 EBITDA, after a heavily COVID-impacted H1 20. With Tremor’s US peers guiding for Q1 21 revenue growth of 13-41%, if Tremor’s strong Q1 momentum leads to organic revenue growth that is at least in line with its US peers, our unchanged FY21 EBITDA of $67.8m is likely to be very conservative. However, even on our conservative forecasts, Tremor’s current 12-month forward EV/EBITDA of 13x is a major discount to its US ad tech peers, who are trading on 39-83x EV/EBITDA. As Tremor confirms its Q1 21 performance, laps a very low Q2 comparable, and moves closer to a potential listing in the US, we do not expect that Tremor’s current valuation will be sustainable due to market or external interest. We currently leave our FY21 P&L forecasts unchanged except for reported group revenue, to highlight that Tremor’s change in its revenue accounting, which aligns it with US GAAP, does not impact gross revenue, net revenue, gross profit, EBITDA, EPS, or cash, and we explain this change from p16. We upgrade our FY21 net cash to $136m from $118m, look forward to further trading updates, and upgrade our target price to 1,000p based on 21x FY22 EBITDA. 4Tremor’s group reported revenue from FY20 is aligned with US GAAP – Alongside Tremor highlighting that it is exploring a potential dual-listing in the US, it is switching to report revenue from its Programmatic/Branding operations on the same net revenue basis as its US peers. The only impact of this accounting change on Tremor’s financials is to present Tremor’s reported group revenue excluding the Programmatic division’s media costs of $193m in FY20. Tremor’s gross revenue, net revenue, gross profit, EBITDA, EPS, cash, and all other financials are unchanged, and to demonstrate a clean, transparent change, we conservatively leave all of our FY21 P&L forecasts unchanged, except for reported group revenue. 4Tremor’s valuation relative to US peers – From p5, we highlight that despite Tremor experiencing the same 2020 trends as its US peers, expecting strong Q1 21 growth, and currently having forecasts that are conservative, Tremor is trading at a major discount to its US peers. After Magnite bought SpotX for 33x FY20 EBITDA in February, we do not expect Tremor’s current valuation will be sustainable.

Results that were fully ‘audited’ early, raise the question as to why? Is there acquisition/merger discussion already in the pipeline? Is it related to a US listing? Could it be both?
It’s my view that Tremor would not have made the US listing statement just to retract it at some later point. Keeping mute about this intention, at this stage, would have been much less damaging. And therefore, as I see it now, a US listing for Tremor is almost certain rather than just likely.
Timing….will the announcement come along with a strong 1Qtr update in April/May or with the 1H21 results in July/August. Either way, I am absolutely convinced it will happen.

gdog....re your...PERI management is solid.

Yea, I was impressed. The CEO and the other presenters came across with great clarity, sincerity and determination. These guys know where they want to be three year out and how they will get there. There is a Q and A at the end were the inevitable impact of third party cookie withdrawal is addressed.

Having watched Perion's Investor Day podcast, I have to say that this is one very impressive and interesting little company. I am left with the impression however, that there isn't much of a chance of a marriage with Tremor.

Perion Investor Day (zoom.us)

Tricky….I doubt our village idiot ever shorted Tremor. Deposits and margin calls make shorting a costly hobby for small investors and it does not work well with low or insufficient liquidity. On the other hand, if it is the case that he has been spending his weekly pension money in this way, then he will have lost much more since March 2020, (when Tremor sp was c.80p and now £5.40), than he did when he sold his Blinkx shares at 50p (£5+ today), which he bought at prices all the way up to £2.20 (£28 today). This guy is a perennial loser…full stop. He is not worth the time it takes to read his posts. Scroll past them or filter, that’s my advice.

https://www.thetradedesk.com/us/knowledge-center/cookies-and-the-value-exchange-of-the-internet

I am looking forward to the outcome of this battle. In the blue corner we have dagsteeth and shrodar who between them have bought 100,000 shares in Tremor over the past 2 trading days, at a cost of c.£500,000 verses, in the red corner, our resident shyster, charlatan and perennial loser, who has zero skin in the game and spent the last 10 years and 30 thousand+ negative posts, advising the rest of us that Tremor is doomed.

A shrewd investor, unperturbed by the rantings of our resident shyster, loser, charlatan and carpetbagger. Let’s see which one of them gets it right.
dagsteeth, from ADVFM today.....Added 100000 shares over the last 2 days. Expecting good bounce next week and new highs post results.
I guess the thing is that for both the institutions and management this thing ends with the sale at a very full price for the company and by and large that’s also our jumping off point. Still deeply undervalued.

dynaheir ...never got a response to your statement..."There’s also nothing concerning about current institutional activity"....

Premier Miton Group Plc, David & Monique Newlands and Oryx International Growth Fund, have all been off-loading their holdings in Totally Plc of late, have they not?

And what about all those sucker institutions who bought into this pos at 55p during Totally’s cash call in Feb 20017. Four years on and they remain 45% down on that little mugging.

justdeezerts....yes, quite happy to have contributed to the overall result here. Absolutely deserved and 'as expected'.
Your resident shyster will understand the significance of the above remark.

https://seekingalpha.com/article/4411006-magnite-moving-deeper-connected-tv-space