Member Info for rustybucket

Share buyback was due to close on Sept 1. Im sure we will get an update. soon.

Tremor International Ltd. (AIM/NASDAQ: TRMR) ("Tremor" or the "Company"), a global leader in Video, Data and Connected TV ("CTV") advertising offering an end-to-end technology platform that enables advertisers to optimize their campaigns and media partners to maximize yield on their digital advertising inventory, today announces the commencement of the share buyback programme of ordinary shares of NIS0.01 in the capital of the Company ("Ordinary Shares") for an aggregate purchase price of up to US$75 million (the "Buyback Programme").



The Buyback Programme will be independently managed by finnCap Ltd, the Company's broker, which will make trading decisions independently and without the influence of the Company. The Buyback Programme is in accordance with the terms of the Company's authority to make market purchases of its own Ordinary Shares (the "Authority") and will be conducted within certain parameters.



The Buyback Programme will be effected in accordance with the Authority in that the maximum price paid per Ordinary Share is to be no more than 105 per cent. of the average middle market closing price of an Ordinary Share for the five business days preceding the date of purchase. The Buyback Programme will commence today and will continue until either until 1 September 2022 or until it has been completed. At which point, the board will review the merits of implementing a further share repurchase programme.



Any Ordinary Shares acquired as a result of the Buyback Programme will be reclassified as dormant shares under the Israeli Companies Law (without any rights attached thereon) and will be held in treasury. Any Ordinary Shares acquired as a result of the Buyback Programme will be announced to the market without delay.

Share buybacks need to be looked at for what they are. Reducing the amount of shares in existence. If the share price now, had been 10 plus, no one would be complaining.

The bod cant control the share price. They can control the company, they need to deliver on their promises, stop rewarding themselves, lucrative share deals for non performance, build revenue, and profits, and the rest will take care of itself.

As for the share price dropping, as others have alluded to this was often the case with blinky, and it is much much, easier to do your algo trades when there is little or very little volume. There are numerous cases of shorters being caught short.

I have long thought Tosca has some part to play in this with the way it holds part of its shares. I do believe that thery are operationg a heads we win, tails we dont lost strategy with their "instruments" see shareholding.

In my view, being cynical, because, I believe these have in the past paid dividends.

As I believe Gdog would allude to the Nasdaq doesnt really like growth companies giving out money in dividends they prefer it to be reinvested for growth.

Bottom line is dividends come from share price as share price is reduced when dividend is paid, share buybacks have a number of positives, if done for the right reasons, and those reasons are NOT to be re-allocated to highly overpaid executives UNLESS they deliver.

Others may disagree, but that is my opinion.

I disagree most companies buy back shares at their peak > Just have a look at the history of buybacks for Frasers group.

The share buyback has not been done at anywhere near the high levels of this stock.

and if management ever execute on what tyey say they will deliver, it will lead to a share price considerably in excess of the prevailing price.

and just remember these can sometimes be used to buy or as part of a purchase of another company.

Hi Gdog, I have made my feelings well clear on executive packages. I have always said they should be earned based on the company, increasing revenue, profitability and the share price.

Not for failure, unfortunately the little fish like ourselves, dont really have a say in this, but, it would not surprise me in the least if Tosca, shroeders etc are having these conversations.

They are well paid anyway, and the company has a history of " jobs for the boys" They really do need to deliver on their promises, which up to now have need, in my opinion, empty and shallow.

Ive been in hospital for best part of a month ( nothing major or life threatening ) but I expected better.

its all well and good complaining about the nasdaq listing, But most on here were desperate for it to be listed on nasdaq, as it would take share price to different stratospheres.

it would do, if and its a big if, based on their track record, that they ever delivered.

i have to say based on the companies they have bought and integrated, they have not increased revenue anywhere near enough. They keep saying they are adding new customers but, they are not showing the net result, i.e how many are we losing.

The reality is we are not growing anywhere near fast enough, and as gdog posts, they are paying themselves obscene amounts for not executing.

They need to be paid on increasing revenue and profitability and stop rewarding themselves obscene amounts without delivering.

starting to remind me, more and more like blinky.

unfortunately after the administrators take their hefty fees rhere will be nothing left. I would love to be proved wrong.

Why are people blaming strukhov, all the time, e did not start the war, the Russians did.

There is no guarantee that even if Strukhov wanted to buy the assets he would be allowed to.

Presumably the sanctions still stand. I can not understand how the directors dint try and find another solution. The company was a gold miner, not a bitcoin maker..

The big problem and Ive said this for years was Gazprombank. Some talked about a low ball bid, A low ball bid would have been better than this catastrophe, and I think it could have been sorted better by all parties with a little cooperation which seems to have been sadly lacking from all sides.

Strukhov, will not put in a bid for the company, if he wants the company he will simply make an offer to the administrators and not pay shareholders a bean.

VITUALLY NIL

DrRunner, if you think this is good, then you do not know what administrators do, Although I would love, to say this is a positive move, it is not.

I have dealt with administrators personally before, and they are very very well paid to do this which takes even more money out of the company.

Shareholders, unfortunately are at the bottom of the pile and will end up with NOTHING, !!!!

I would love to come back on this board with egg on my face If I am proved wrong, but sadly, do not think there is any chance of that.

Lawrence13, the bod, have used every situation possible to post negative RNS.

I have not seen 1 positive update.

They should be looking at all options. But never a mention of any positive discussions.

If they can get refinancing they can kick gazprombank into touch forever. The problem is, getting that refinancing, but they should at least try. Thats what they are paid for.

This is not normal times and unless they can find a way to refinance the debt then this is worth very little, the bod have already said if they sell it , it mis unlikely shareholders will get anything.

What I would like to know is, are the bod looking at any other options. In normal time the value of the poc hub must be nearly 1 billion because it cost about that to build it.

If we can get a way to sort out the debt problem this COULD get back to 30 or 30p.

BUT unless the board are actively looking to sort this out, which they should, because thats what they are paid for then , sadly shareholders will be screwed.

I deeply hope this is not the case, because POG were managing, although nowhere near their potential. NOT for widows and orphans.

Spread: 0.3055 (33.93%)

it isnt changing because of the large spread and very few trades going through

As they only show one side of the trade these buts and sells are totally worthless.

But still watching the share price and the board EVERY DAY.

Yes, Lawrence13, Im still in, and unfortunatelyas I posted a while back bought more. I have not sold any, and am clinging on in the hope something can be done to prevent the ridiculous sale of a profitable company.

I will be honest, and based on the RNS I feel that is unlikely, even if Russia stopped bombarding Ukraine I cant see the restrictions been lifted quicker, I do feel, like you taht the government should be allowing the repayments that are due to be paid, as it something which is already in existence, and not something new, or, even just to repay them the way we used to with pre-paid gold.

There must be a way with some third party to be able to send them the gold that was due to Gazprombank for them to forward it to them.

At the end of the day, i just feel sorry for the people who have already perished, its just sad we got dragged into it through no fault of our own.

if peter and Pavel were still in charge and had large shareholdings, i am sure they would have found a way around this. but, maybe I am being delusional. Anyway, How are you ???

Not posting much while the lunatics take over the assylum and enjoy their histrionics.

Lawrence13, you are right in the respect that many times Retired Banker did refer to IRC as a basket case, he also said he would give it away for nothing, to be relieved of the obligation on the debt.

As for Hambro turning IRC around, some of the turnaround initially was down to "creative accounting " they were not "real profits" the real turnaround was when the iron ore price increased, which incidentally had nothing whatsoever to do with Peter being at the helm.