Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bmac,
"Lets have a level playing field"
agree, with FTC overseeing antitrust and the FBI investigating Ad Tech fraud, it all should help towards a fairer and cleaner ad tech eco system...
https://www.thedrum.com/news/2019/04/26/programmatic-punch-new-york-2019-fbi-ad-fraud-adtech-predictions-and-addressable-tv
oil,
"If we had jam - plenty of jam - then the wasp would 'probably' go away. "
But that's the problem, there's been plenty of jam but lacking flavour after the jar has been opened...
The timing of the GBH acquisition is spot on... as the NHS announced in January, that Integrated Care Systems will be created everywhere by Apr 2021..ie over the next 2 yrs...
Pointless buying GBH after new contracts have been rolled out....
From the NHS plans:
Create Integrated Care Systems everywhere by Apr 2021.
"In the meantime, within the current legal framework, the NHS and our partners will be moving to create Integrated Care Systems everywhere by April 2021, building on the progress already made. ICSs bring together local organisations in a pragmatic and practical way to deliver the "triple integration of primary and specialist care, physical and mental health services, and health with social care. They will have a key role in working with Local Authorities at level, and through ICSs, commissioners will make shared decisions with providers on population health, service redesign and Long Term Plan implementation."
https://www.longtermplan.nhs.uk/wp-content/uploads/2019/01/nhs-long-term-plan.pdf
and the crucial point from that article is that GBH acquisition immediately gives TLY a foothold in the lucrative London & SE areas...
· The Acquisition allows the Group to obtain a further foothold in the urgent care sector in the UK with Greenbrook Healthcare being a leading provider of UCCs in the Greater London area.
https://healthcarebusiness.co.uk/totally-plc-proposed-acquisition-of-greenbrook-healthcare/
from thisismoney - mentions TW. and other housebuilders..
https://www.thisismoney.co.uk/money/investing/article-7094135/Tempting-investment-treats-look-appealing-leave-sour-aftertaste.html
The Acquisition provides Totally with a strong and commercially attractive opportunity to continue to execute its buy and build strategy, with the aim of building the Company into a leading out-of-hospital healthcare provider, providing more comprehensive services across the country, helping to address the significant healthcare challenges faced by the UK.
· The Acquisition allows the Group to obtain a further foothold in the urgent care sector in the UK with Greenbrook Healthcare being a leading provider of UCCs in the Greater London area.
· The Board believes the services offered by Greenbrook Healthcare are highly complementary to and offer synergies with the Group’s wholly-owned subsidiary Vocare Limited (“Vocare”), one of the UK’s leading national specialist providers of urgent care services.
· The total consideration for the Acquisition is £11.5 million on a cash free and debt free basis, with a normalised level of working capital.
· The Consideration will be satisfied by the payment of £9.0 million in cash on Completion and as to the remaining £2.5 million by the issue of the Consideration Shares on Completion. The cash consideration payable on Completion will be satisfied using the net proceeds raised pursuant to the Placing and the Open Offer and existing cash resources of the Company.
· Greenbrook Healthcare has experienced substantial revenue growth in recent years with revenue growing from £23.8 million in the financial year ended 31 March 2016 to £33.4 million in the year ended 31 March 2018 (equivalent to 40.1 per cent. growth over the two financial years).
· With effect from Admission, Michael Steel, the Chief Executive Officer of Greenbrook Healthcare, will join the Board as Executive Director.
https://healthcarebusiness.co.uk/totally-plc-proposed-acquisition-of-greenbrook-healthcare/
Brita,
"Ofer Druker mentions building accompany to compete with facebook and google is this a realistic ambition"
It's an ambition a lot of ad tech companies have.. What about Amazon? - read these articles about Sizmek/Amazon...
Sizmek owned the biggest 3rd party ad server alternative to Google...
Now Amazon has bought the ad server to take on Google...
The Sizmek Saga Underscores Ad Tech’s Flaws And Market Weaknesses
"Sizmek is one of the biggest third-party ad-server alternatives to Google. And ad serving is the lifeblood of ad tech."
https://adexchanger.com/data-driven-thinking/the-sizmek-saga-underscores-ad-techs-flaws-and-market-weaknesses/
AMAZON:
Now Amazon have bought the Sizmek ad server business
"The deal would give Amazon the second-largest ad server footprint, trailing Google, and has important implications for Amazon’s advertising ambitions and the prospects for the independent ad tech ecosystem."
Amazon vs. Google heats up
Having an ad server will pit Amazon and Google in even fiercer competition.
Not only will the two titans compete directly for ad server business, but Amazon is also working on a cloud-based product, similar to Google’s Ads Data Hub (ADH), where marketers can target or measure with Amazon’s user-level data without the data leaving the platform, according to two sources that have discussed the idea with Amazon.
https://adexchanger.com/online-advertising/amazon-to-acquire-sizmek-ad-server-and-dco-business/
Oilovlam
"Just at the point that RTHM was due to shift from EBITDA into actual profit (according to forecasts) then they sell out to TAP...who then tell us that RTHM numbers were below expectations. Constant jam.."
Good post...
As I've said on many occassions IF rthm, now TAP, backup their bullish comments with solid results and believable outlook then the sp will take care of itself...
Now rthm have merged with TAP, if TAP publish rthm fy2019 (Mar 2019) results and show why the results are below expectations then it'll provide some clarity going forward...
Without that clarity, there's always going to be questions over what went wrong with rthm, pre-TAP merger...
Totally Buys Greenbrook For GBP11.5 Million Amid Placing, Restoration (ALLISS)
"Adding such a well-regarded business as Greenbrook to our portfolio will provide us with a series of exciting growth opportunities in planned and unplanned care," Lawrence added. "Greenbrook's expertise and reputation in urgent care centres can be leveraged across our existing national network, in line with the NHS's commitment to integrated urgent care in its long-term plan."
"It will significantly strengthen our market positioning and allow us to deliver a wide spectrum of urgent care, driving revenue and margin growth in our core business," Lawrence continued. "Furthermore, it will enable us to quickly expand into the London and South East markets which are key growth territories for Totally."
http://www.morningstar.co.uk/uk/news/AN_1559293329858336100/totally-buys-greenbrook-for-gbp115-million-amid-placing-restoration-(alliss).aspx
TLY BoD have done exactly what they said they will..
I'm not sure anyone else could have raised money more than the current mcap in such a short space of time...
The GBH CEO coming in will provide valuable support to expand IUC but there are the other subsidiaries which he hasn't got experience in...
Only 6 months left before CCPA becomes effective..
Hot on the heels of GDPR - more changes to ad tech ecosystem..
As CCPA’s Deadline Looms, Tech and Media Brace for Another GDPR
Readiness for the privacy act is the industry's No. 1 priority
https://www.adweek.com/digital/as-ccpas-deadline-looms-tech-and-media-brace-for-another-gdpr/
Tovers,
"Another acquisition lined up. I think TLY are demanding patience from their investors. Once they've consolidated the various entities, there should be potential for stable financial returns"
Exactly, TLY have a ADD and BUILD strategy...
They are building the company to have recurring revenues and profits..
Crucially, the deal would increase their foothold to include the lucrative London & the SE.
f15jcm,
"yes indeed, why would institutions pony up when there is a precedent for destroying value?"
Oh look, they just have....
TLY's strategy to ADD and BUILD continues as expected....
New IUC contracts being rolled out over the next 2 yrs...
Greenbrook operating in the lucrative London region...
Brita,
The article is referring to Telaria - check the ticker code, TLRA...
Telaria was called Tremor Video before they sold their DSP, TremorDSP to Taptica...
Telaria has nothing to do with TremorDSP, which is owned by Taptica.
Tremor Video sold TremorDSP to Taptica because the full stack created conflict of interest...
rthm operated a full stack for years and they made losses for years... now, after merging with rthm, Taptica operate the full stack...
Telaria: An Enticing Small Cap SSP
"Prior to August 2017, Telaria was known as Tremor Video. Tremor Video was both a DSP (demand side platform) and an SSP (supply side platform) in the programmatic advertising space."
"before August 2017, Tremor Video was both a DSP and an SSP. This creates conflicts of interests, though, when one company is involved in both the buying and selling of ad inventory. Upon finally realizing this, the company sold off its DSP business for $50 million. So, Tremor Video rebranded as solely an SSP under the name, Telaria."
https://seekingalpha.com/article/4206417-telaria-enticing-small-cap-ssp
Tremor Video, now Telaria, reasons for selling their TremorDSP to Taptica.. perceived conflict of interest
"Clients were also uneasy with Tremor servicing both the buy- and sell-sides."
"There's always been a little bit of friction because we were selling agencies and advertisers different products while we were representing publishers," Zagorski said. "And the people who plug into that sell-side platform would always be somewhat hesitant to commit to it in a huge way because we had that perceived conflict."
https://adexchanger.com/digital-tv/tremor-video-sells-demand-side-business-taptica-50m/
https://seekingalpha.com/article/4206417-telaria-enticing-small-cap-ssp
I think figures for rthm for fy2019 would be very important, given that the recent launches have just been previous rthm offerings re-launched. as TAP offerings. Rthm figures would show whether these offerings were previously successful when part of rthm..
Let's see if they provide any rthm fy2019 figures during the AGM.
1gw/Brassneck/Tricky,
"If nothing else, arriving at the AGM with a share price at or above that of the Tal placing might help the mood..."
I would have thought a sp at or above the price the merger was agreed or completed at would have helped the mood.. How would a sp languishing around the deeply discounted price of 140p and about 1/3 below the merger price help the mood?..
GDPR - One yr on..
GDPR adtech complaints keep stacking up in Europe
"The latest clutch of GDPR complaints aimed at the real-time bidding (RTB) system have been filed in Belgium, Luxembourg, the Netherlands and Spain.
All the complaints argue that RTB entails “wide-scale and systemic” breaches of Europe’s data protection regime, as personal date harvested to profile Internet users for ad-targeting purposes is broadcast widely to bidders in the adtech chain. The complaints have implications for key adtech players, Google and the Internet Advertising Bureau, which set RTB standards used by other in the online adverting pipeline."
https://techcrunch.com/2019/05/20/gdpr-adtech-complaints-keep-stacking-up-in-europe/
Tardis,
"I believe the next trading update is scheduled for July and not before"
Where did you read that as I haven't seen any announcement of a TU being scheduled?
Last year there was a TU on 19th June, a week before the AGM.
Brassneck,
It is fairly standard to expect an agm resolution to authorise the company to buy back shares and some sort of update.
I would hope they include fy2019 (Mar 2019) figures and operational review for rthm so everyone can assess how they were actually performing..They should have had enough time to analyse the full books and operational details of rthm..
Sonny,
"Perhaps volume was a bit low yesterday. I think they will buy today and issue RNS on Monday."
There hasn't been much vol all week, yet they still continued the buy backs..
The vol today isn't high either, so if it was that, then why would they continue it today?