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Worth a listen to all. However, if not bothered, at least listen from 32.05 when he is asked about the Nasdaq listing. His answers relate equally as well to Tremor - basically, it will take a few quarters to prove themselves before the bigger institutions buy in. They also didn't need the cash raised, but was a requirement to get a full listing to issue new shares as an 'IPO'.

In other words, everything Tremor has done in the Nasdaq listing process, and arguably the movements in its share price, is normal in these type of listings. Every thing is working out to plan, a text book case example. You may even say - all as expected then. It will take Q3 and Q4 results to get properly noticed and the SP to react to accordingly. Long term investors care about results. Only the traders care about (and worry about) the price.

https://www.youtube.com/watch?v=JZp4Hg5WO8c

https://www.fool.co.uk/investing/2021/08/30/this-aim-stock-has-exploded-is-there-more-to-come/

"One that’s hit my radar recently is Tremor International (LSE: TREM). I wish this had happened sooner. Its share price has almost doubled in 2021 alone. In the last year, it’s up more than 400%! Is there more to come?"

Interim Results date now showing as 14 September on company website.

Interim Results date now sho

US ads - institutional holdings

https://uk.finance.yahoo.com/quote/TRMR/holders?p=TRMR

Tosca also hold 1,000,000 ads as previously rns'd. Click on the insider tab on Yahoo to see.

Publica bought by IAS - was hoping TRMR might have bought these guys. (IAS is a similar type business as DV, so buying Publica looks a bit odd)
https://www.beet.tv/2021/08/integral-ad-science-acquire-publica-for-220.html

Two very good blog posts here on the CTV market, the tec involved and walled gardens developing at Roku, Amazon & Samsung - read them now before their website disappears following acquisition.
https://blog.getpublica.com/2021/06/29/the-state-of-ctv-targeting-1-2/

https://blog.getpublica.com/2021/07/08/ctv-walled-gardens-rising-trends/

IAS reported Q2 yesterday.
https://investors.integralads.com/news-releases/news-release-details/integral-ad-science-reports-second-quarter-2021-financial

Busy day - AcuityAds before the market opens and Pubmatic after market close.

Re TTD's results - far above expectations. The market was expecting a sell off and substantial profit taking yesterday, as it believed the SP had got ahead of itself (as STT believed - bubble etc - now changed his mind to priced in and no bubble!). The shock of the growth is still to be absorbed. The no. of shares traded yesterday was below the average daily volume - for a results day this is quite unheard of, normally the highest trading volumes of the year - why? I had an estimate for TTDs full year EBITDA of $440m. I have upped this to $550m. TTDs share price will now break $100. TTD also for the first time revealed its revenue mix, detailing the %s that are display, CTV etc. It is clear that CTV is where all the growth is as this is driven by social change. Ironically, the tec is trailing behind.

Also noted, and DV said similar, is that demand from major global advertisers for slots on CTV platforms far exceeds supply. There is pressure on media companies for more ad supported channels and pressure to make subscription channels a hybrid - again because there is a shortage of ad slots. Advertisers are going where the audience is. The effect is to have pushed up the price advertisers are paying for each slot. As ad tec companies get a % rate, this is giving a further boost to revenues and profit margins. Poor DV - they were at pains to point out they charge a flat fee and were not benefiting from this rate rise, but only benefitted from the increase in volumes.

The market has a lot of work to do to sort out the relative pecking order - which it will do over the next 2 months or so. I will wait till then before deciding if I am disappointed or not. I don't want to suffer from premature emotions.

From new IR website - "Tremor International Ltd. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Tremor International Ltd.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Tremor International Ltd. or its management. Tremor International Ltd. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations."

Translation of corporate finance speak into plain English - the brokers notes and targets are cooking clueless.

Hey all, we've got a new company & IR website - all looking good for many more folk looking in when our results are out.

Exactly WS / TD. Yes, people are watching less TV in 2021 than 2020. (Roku have just reported this in their Q2 earnings) That's not the point of the article. The point is the rapid acceleration in the inter-generational trend away from linear TV to streaming platforms. There is less TV, but the proportion of the total TV watched that is streaming has increased and is continuing to increase. Covid is a red herring as far as the link is concerned. Clearly, STT cannot differentiate between red herrings and red flags!!! I suggest he goes back to the dark ages and invests in a nice new black & white set, one of those modern 14 inch ones.

In fact, reading the quotes from Roku, TD's post is almost word for word the same - and I suspect he hasn't seen Roku's comments. Just goes to show how on the ball the majority of posters on this board are, how transparent the bleeding obvious is that we can script comments from companies' earnings reports before they are issued!

https://uk.finance.yahoo.com/news/roku-slides-accounts-streaming-hours-202603181.html
" streaming video is a secular trend, not just a pandemic trend,” Steve Louden, Roku’s chief financial officer, said in an interview. “We feel good about the continued shift to streaming by viewers, and about advertising dollars continuing to move to streaming” and away from linear TV.

Clear as mud, even to a pig.

3 mins 45 in
https://www.youtube.com/watch?v=bBemhQM9w7U&t=4s

https://www.c21media.net/news/discovery-plays-it-cool-on-channel-4-link-as-it-tops-18-million-subscribers/

“Advertising revenue increased in every region of the globe and accelerated throughout the quarter, particularly in our International segment as revenue increased 70%. Indeed, many key markets such as the UK, Italy, Germany, as well as a number of Latin American and Asia-Pacific markets, all demonstrated a marked resurgence and finished ahead of 2019.

And the price of Robin Hood is now $50bn - a sudden change of heart on that one! Even puts the MCap of TTD to shame. Meme stock mentality. Growth stocks are out, the memes are in.
https://uk.finance.yahoo.com/news/robinhood-shares-surge-nearly-82-161736425.html

Why is Robin Hood so called? Because he goes around robbing people. Classic homophone.

Dog, I think it's just bulletin boards. You cannot see body language, facial expressions or hear the intonation in people's voices, all of which are key parts of communication. Regional dialects, slang, metaphor, idiomatic expressions all carry a multitude of meanings - it's very easy to say more than one thing in just one sentence.

And worst of all - the classic homophone.
Four candles / fork handles anyone? https://www.youtube.com/watch?v=Ozpek_FrOPs

Dog - how have you managed to take that post the wrong way? I was referring to a lack of faith in the market to get Perion on to a more sensible valuation. (You were complaining about the fall in the SP). They are barely on 10 times forward EBITDA - ridiculous! Just as with TRMR, this will take time. The company is also deliberately understating its success by issuing low guidance. There is a very high fear amongst companies in general about missing guidance at the moment and it is becoming more commonplace to be 'conservative' with forward guidance - both in RNSs to the market and to brokers, analysts and journalists. I don't think this is fully understood by the market, then again, it's not properly explained by the companies - it's a relatively recent change in the culture of company reporting. The market is not taking it the way that is intended.

See at 2 - 3 mins in, this being explained - https://www.youtube.com/watch?v=yTKQfkkj7KU

Perion's EBITDA Q2 at $14.3m is up 62% on Q1 ($8.8m) and just about equal to their Q4 2020 of $15.3m. I can't see any lack of faith in the company, PERI or TRMR. The market ... yes. These valuations are not in a bubble, nor fit the definition of a hot and hyped sector (TTD excepted). The last thing any listed company wants is a bubble in their share price - they always burst and crash.

Dog - ye of little faith. Give 'em time to work it out. But as always, Perion have given stupidly low guidance for the year as a whole - they should do more than $60m EBITDA for 2021, comfortably. On their guidance they are saying almost no growth to come in H2? It's not so long since they were giving guidance in the mid 30s for 2021. It's very poor form to put out public guidance that far out. Markets don't like it, understandably so. If management don't know their own business, a lot of investors run for the exit.

Looking at the figures for Display & Social, which includes their CTV, revenues (stated gross at Perion) are triple on Q2 2020 (Covid affected) and up 52% on Q1 2021. The read across to TRMR is way beyond all previous expectations, as TRMR is exclusively video and CTV, which are growing the fastest and have the biggest profit margins. Therefore, TRMRs growth figures may exceed these. But using these % increases and TRMRs known profit margins, Q2 figures are modelling out as EBITDA of $xxx (sorry, keeping the figure to myself, but it's through the roof and then some).

Yes, I've seen a few articles of late explaining the problems at Crystal. Personally, I would prefer them not to be on the register - they are activists and I can't see any reason why they should be sticking their nose in here at EQLS. Given recent trading announcements and now the rise in EQLS share price, I hope other institutions are now buying in here. This will give CA an exit route to sell to willing investors, rather than CA being a forced / distressed seller dumping a large amount of stock on the market with no one on the other side of the trade - which would trash the SP. I would like to see the back of CA - they don't belong in here.

Also ATY - AcuityAds reporting 10th August.

Nelson Griggs, Nasdaq Stock Exchange President, discusses Robinhood - down on IPO day and IPOs in general so far in 2021. Facebook also closed down on IPO day and took a year to get back above the price! Nearly 40% of IPOs so far this year have opened down on the IPO price. He says the average is 25 - 30%.

https://uk.finance.yahoo.com/video/amazing-day-robinhood-nasdaq-stock-192547735.html

Exactly, Winstanley. How important it is to keep up with relevant newsflow and correctly do the 'read across'.
https://www.bbc.co.uk/news/business-57979268

Europe is the next market where streaming is taking off and ad revenue is following. TTD talked about this in their last quarter's conference analysts call and singled out the UK and Germany as the two countries where streaming was taking hold and fast. TRMRs last Q1 report also showed revenue from Europe more than tripling, though from a low base of 0.9m to 3.2m. A key figure I have my eye on for the coming Q2 figures - the promised international expansion out of the US.