Member Info for Radium1

Dartron...I should have checked the intrims. Gotta admit, Ebitda should read £3.4m not £1.4 as he stated. And paul has got it wrong in stating a 5p dividend when it should have read .5p. Looks like he missed out the decimal point. Nevertheless that divi, at £974000, is a 100% pay-out ratio of Totally's profit before tax of £1.0 million (give or take a smidgen).

This guy thinks like myself.

Terribly thin project margins just look at EBITDA £1.4m and now committed to paying 5p a share dividend nearly 100% pay-out ratio, unsustainable, no cash flow left over, cash reserves reduced from £15m to just £7m..There's no finance for growth just a £5m RCF facility for day to day payments and just like Carillion it wouldn't surprise me the least if they had been undercutting competition to win government contracts with loss making bids which are now magnified due to high wage inflation as revenues although up 14% but more or less so are costs in particular labour and overhead costs and against general inflation of 9.2% doesn't look good...NHS also under extreme pressure to cut costs but somehow increase nurses salaries..private sector firms involved in non essential services who have failed to deliver easy target's...expect more of the same!...margin pressure, rising costs, contracts cancelled or not being renewed.

The two Perion related links (below) may appear off topic but then again, maybe not.

Since Tremor’s purchase of Amobee it seems to me that the Perion and Tremor platforms have more in common now than before and so I’ve been musing over Ofer Druker’s name change for Tremor and his sector consolidation comments, made at the Raymond James Tech Conference in December, and wondering if there is a case/possibility/probability for a marriage here. Both platforms need solutions to different issues which, in essence, the other can provide the fix.
Example…. Perion Networks is outperforming but if there is one negative to be picked out regarding the Perion model it’s the 45% dependency it has on Microsoft’s (mostly display) search engine, Bing. There has been a long, rewarding association (at least a decade, I think) between these two but the contracts/agreements aren’t permanent. There is 2 years left on the current one. Perion touched on this topic at the last CC and mentioned the need to mitigate this going forward. Tremor’s Amobee (also mainly display at the moment) could provide that mitigation. Although Tremor plans to cross-sell Amobee’s 500+ clients onto its CTV/Video platforms, it probably needs to find a solution soon for cookie deprecation. Ofer Druker hinted that Tremor’s tech guys may already be developing their own, but Perion’s SORT could literally ‘sort’ this issue for Tremor.
Thirdly, Perion knows it needs to grow its CTV offering and they are looking to buy a solution. Tremor has a mature CTV/Video platform to offer Perion via integration and the potential scale that would come from a combination of these two businesses, looks attractive to me.
Just putting it out there.

https://www.businesswire.com/news/home/20220428005532/en/Perion’s-Search-Advertising-Business-Unit-CodeFuel-Named-Microsoft-Advertising’s-“Global-Supply-Partner-of-the-Year”

https://www.fool.com/investing/2023/01/18/bullish-on-microsofts-chatgpt-partnership-buy-this/#:~:text=If%20you%20want%20to%20get%20upside%20exposure%20to,a%20fast-growing%20ad-tech%20company%2C%20valued%20at%20%241.3%20billion.

https://www.perion.com/solutions/sort/

Dartron….Your summarisation of the history of Totally Plc since its birth is pretty much spot on. Well done.

bald_eagle....sure but, VIDAA is also headquartered in the USA, Atlanta Georgia with offices and staff spread across China, Israel, Germany and Slovenia.

biffa re ...VIDAA looks to be going from strength to strength so safe to assume our investment is now worth far more?

That's the point I was trying to make. This exclusive firsts party VIDAA data is very valuable

I have Stt, (commonly referred to as Canute elsewhere) filtered and so I don’t see or read any of his clap. But I can say that he has been invested here for over a decade and he has never made a cent on this stock during all this time. His first purchases were made at around 95p so many years ago now that it feels painful just thinking about it, and the sp fell and fell, and he kept buying over the years that followed. I posted a record that he had placed on the advfm board, stating that he had filled his Isa at around 65p, and guess what, the sp fell and fell. That just continued with this guy and so it went on and on but Totally’s sp never got back to those dizzy heights, ever again. This guy has spent his life on these boards spouting the same old clap. Great entry point, undervalued and all those other reasons to buy Totally, have been flogged here to death. The guy is a looser, best to ignore him, to do otherwise will cost you money, just as it has cost him.

Still, I would like a response from justdeezerts and Dartron to my previous two posts…

Also, worth opening this link and clicking on the Max tab. From this you will see just how big a disaster Totally Plc has been for our resident nuisance.

https://www.google.co.uk/search?ei=iok3YNbsEvKf1fAP9cCAoAM&q=LON+TLY&oq=LON+TLY&gs_lcp=Cgdnd3Mtd2l6EAw6BwgAELADEEM6BAgAEA06CAgAEA0QBRAeOgoIABDqAhC0AhBDOgUIABCRAjoICAAQsQMQgwE6DgguELEDEIMBEMcBEKMCOgIIADoFCC4QsQM6EQguELEDEIMBEMcBEK8BEJECOgQIABBDOgoIABCRAhBGEPoBOgoIABCxAxCDARBDOhAIABCxAxCDARCRAhBGEPoBOgsIABCxAxCDARCRAjoFCAAQxAI6CAgAEBYQChAeOgYIABAWEB5QuakCWPbaAmCYpQNoAnACeAOAAYEBiAHJDJIBBDYuMTCYAQCgAQGqAQdnd3Mtd2l6sAEKyAEKwAEB&sclient=gws-wiz&ved=0ahUKEwjW2crz9oTvAhXyTxUIHXUgADQQ4dUDCA0

Tremor’s ‘multiple year’ ACR partnership with VIDAA provides Tremor with an exclusive and expanding source of valuable first party data related to viewer consumption.
Extract….The Investment expands global data and media agreements for multiple years and provides advertisers leveraging the Tremor International platform with access to exclusive, premium content. Tremor International will bring VIDAA’s ACR data into its TV Intelligence solution starting May 1, 2022.

VIDAA is the operating system installed on Hisense, Toshiba and Lowe TV's and a number of other makes but in North America, Hisense sells more TV’s with the Android operating system installed than the VIDAA os…. Statista…Aug 17, 2022…. The number of VIDAA connected devices increased on a global level between August 2021 and June 2022. North America was the region with the highest number of VIDAA devices and went from roughly 7.76 million devices in July 2021 to 8.18 million in June 2022. Still relatively small but growing. Second to Samsung, Hisense shipped more TV's globally last year than any other manufacturer. The thing is, since the original announcement by Tremor of this exclusive agreement with VIDAA, the VIDAA sport streaming app has been included on all Google and Android TV’s. Note… at CES 2023 earlier this month Google updated on how many devices are now using Google TV and Android TV, stating that there are currently150 million devices in the hands of users globally. Google TV (an Android os), hitherto only available as a Chromecast, later became a downloadable user interface (UI) for Android TV’s. This user interface is now built into all new Android TV’s. The brand, Android TV, has been dropped and will now only be marketed as Google TV. All existing Android TV software/firmware will be/are being updated to Google TV (existing software level permitting).
With the 2nd Dec 22 announcement that… ‘VIDAA Brings Global Football Content to Google TV and Android TV os devices and that the FIFA World Cup will likely draw around 5 billion viewers around the world, that the combined reach for VIDAA sport on Hisense, Google Tv and Android TV devices, as a direct result of the above, has greatly extended the global reach and footprint of the VIDAA sports app over and above the original Hisense, Toshiba, Lowe + arrangement by a factor of multiple millions of devices, considerably broadening that service and enhancing Tremor's valuable ACR data gathering globally, that this would have had a bigger impact for Tremor than it has so far.
I guess the value of my analysis needs to show up on the bottom line. It may take a while, Ofer mentioned 2nd half of this year, but it really ought to have impact here, at some point.

Re Amobee and its involvement in the development of Planet V for ITV. This extract and link (below) dates back to 2020 at which point Amobee still had a financial interest in the Planet V platform. I can't find any data on when or how the separation occurred but Planet V is now wholly owned by ITV.

extract....Re planet V…. The platform has been developed to ITV’s specification by global technology company Amobee, leveraging its industry-leading omnichannel advertising software. Last year, Amobee announced a multi-year partnership with ITV for the exclusive UK and Ireland licensing of Amobee’s technology for end-to-end programmatic buying and selling of premium video on the ITV Hub. The agreement enables ITV to offer advertisers advanced solutions and programmatic access within its portfolio of premium digital video inventory across ITV properties exclusively through the Amobee platform.

https://www.amobee.com/blog/itv-launches-planet-v-developed-by-amobee/
Interesting, that ITV’s Planet V platform was built using the Videology tech and software guys, which Tremor now owns, hence Tremor’s ability to offer Videology’s linear TV planning and buying tools on the Tremor platform.

A few legacy links/videos…

https://www.beet.tv/2019/06/amobee-ryan-jamboretz.html

https://adtechdaily.com/2019/04/14/amobee-and-itv-announce-exclusive-technology-licensing-and-innovation-partnership/

There were a lot of skill sets at Amobee, all transferrable to Tremor with this acquisition.

Dartron re your…..The share sale would likely have been organised at least a day or so in advance, since it was in a benefit scheme, and would need to go off to brokers for the sale.

You need to ask yourself and probably everyone else unaffected by investor bias and not wearing rose tinted: was the news released yesterday and the day before something that just suddenly appeared out of the genie bottle the day after Totally’s share sale announcement?

justdeezerts…. In your naivety you have quoted the Rule 10b5-1 which Tremor’s senior management have (by choice) chosen for the sale of their shares. Rule 10b5-1 is a mechanism that actually serves to isolate insiders/executive selling from the sort of accusations that may be levelled at company insiders who sell shares, given what they know there is material information that is not yet in the public domain.

Extract…. Rule 10b5-1 allows company executives to set up a predetermined plan to sell company stocks in accordance with specific trading laws. The price, amount, and sales dates must be specified well in advance and determined by a formula/metric. Both the seller and the broker making the sales must not have access to any material non-public information (MNPI).
Rule 10b5-1 does not apply to executive share sales at Totally Plc. So I don't think you have any understanding of what are you have posted,

https://www.investopedia.com/terms/r/rule-10b5-1.asp#:~:text=Rule%2010b5-1%20allows%20company%20insiders%20to%20set%20up,have%20access%20to%20any%20material%20nonpublic%20information%20%28MNPI%29.

Re your..."Perfectly acceptable reason for selling shares to meet a large tax liability".

Is it deliberate, or is simply investor bias on your part (I'd say both) that you remain totally blind to the timing of the sale of those shares, knowing what they knew and when they knew it? Therein lies the rub for those who have a less blinkered view of what has happened here.

justdeezerts....what was in the pipeline was known by Totally management. AS a result, there is a big question mark hanging over managements heads in regards two very important human traits ....trust and integrity. If senior management knew what was coming and they sold a large quantity of their shares ahead of releasing two sp damaging RNS's of yesterday and the day before, then shareholders need to ask themselves if they still have faith in anything that they've said in the past or will be said by them in the future. Such matters can not be ignored, and, looking forward, it will impact the sp which at this point in time is suffering and doesn't appear to have anything much in the way of support for the near term.

Courtesy dr biotec, advfm….It’s not the negligible financial hit of this contract finishing early, its the reputational hit that they will take and the potential extra scrutiny they will face elsewhere. Greenbrook has a large number of ICB/ICS contracts and its inevitable that whatever happened in NW London will soon be known across the capital. Courtesy paul planet earth, advfm…. This is such a disaster story, NHS cutting costs, dumping contracts, labour costs rising, TLY heading into losses as most of the revenue is used to cover overheads and paying wages with wafer thin contract margins...In my view, both of the above are astute observations. The RNS's releases over the last two days has raised a red flag that....Totally Plc is feeling the pain. And for those harping on about the inevitable contracts coming Totally’s way because the NHS’s need to clear its backlogs... the rising costs of care, the acute shortage and high cost of qualified labour and the imperative requirement that the NHS save money means that outsourcing costs will be under scrutiny and tight financial control. Future contracts will have margins that are as tight as a drumskin. What impact, do you think this will have on Totally’s bottom line and sp? Survival even?

Yesterday’s RNS reads….In line with contractual terms, Greenbrook is currently preparing to hand back services to the NHS North West London Integrated Care Board for the provision of urgent treatment centres ("UTC") at Northwick Park Hospital, Central Middlesex Hospital, Ealing Hospital and Hillingdon Hospital (the "Contracts").

Todays RNS….For legal reasons, Greenbrook Healthcare Limited ("Greenbrook"), the Group's wholly-owned subsidiary and part of Totally's Urgent Care Division, has today terminated its contracts for the provision of urgent treatment centres ("UTCs") at Northwick Park Hospital, Central Middlesex Hospital, Ealing Hospital and Hillingdon Hospital….but will continue to provide services at the UTCs in a safe, professional manner, until there is an orderly handover to a temporary provider.

Is this paragraph part of the joke?....Greenbrook has previously submitted a tender to deliver services at the four UTCs from 31 January 2023 onwards and continues to await the result of that procurement process.
Anyone here wish to guess the result of the above tender?

Further note….The services were inspected by the CQC in August 2022 and rated as GOOD…..Well that was in August 2022. Yesterday’s press release stated, “winter and performance plans published by the ICS in July and October last year cited performance problems with its UTCs and 'coincidentally', a “remedial action plan” was put in place... “submitted by Totally plc in July 2022, which included specific actions on staffing performance.

Anyone, even with only a few braincells, will have conjected that senior management must have seen the probable outcome here and it has not gone unnoticed that they disposed of shares ahead of the damaging press and RNS announcement yesterday; an announcement that was simultaneously sweetened with a Dividend Declaration. How Contrite? Not.

You guys need to wake up and smell the coffee. Bubs49 closer to seeing the light than anyone else here.

Take the blinkers off. Concentrate on the stated reasons for ICS tendering out for new providers, "because of performance concerns and staffing levels of the existing provider". And, who was that provider??

Extract….An ICS has terminated a private provider’s contract to run four urgent treatment centres following ‘performance and staffing concerns’.

Extract…in October last year, a “remedial action plan” was in place “submitted by Totally plc in July 2022, which includes specific actions on staffing performance and re-direction initiatives”. One month later and, extract…The ICS tendered for the long-term running of the UTCs in November, saying at the time that they expected new providers to be in place from early 2023.

Clearly, Greenbrook Healthcare /Totally Plc performance was a concern and hence they were not considered in the ICS’s longer-term procurement exercise for these contracts.

Looking forward, not good for Totally Plc's resume,’ is it?.

Anticipate a mass exodus here once the dividend is paid.

Canute feeling somewhat under the water this afternoon.
Totally Plc...ICS cancels four urgent treatment centre contracts after performance concerns....

https://www.hsj.co.uk/quality-and-performance/ics-cancels-four-urgent-treatment-centre-contracts-after-performance-concerns/7034101.article

https://www.lse.co.uk/rns/TLY/statement-re-publication-in-health-service-journal-dou1aqwzodtw5pl.html

Anyone interested in the Perion Networks interview at the Needham Conference this afternoon, the link to register for it is here. Starts at 14.30hrs.

https://wsw.com/webcast/needham128/register.aspx?conf=needham128&page=peri&url=https://wsw.com/webcast/needham128/peri/2256336

Yes, the webcast is available for replay on Tremor's investor relations website.
You can pick it up about 21 minutes in (or thereabouts). You'll also here Ofer mutter, almost indiscernibly, (c. 21.12 minutes in) that he hadn't decided on a name. Anyway the intention is there and it's in the public domain now, so It's coming