Member Info for stt1

RMC
"I sold this a few weeks ago at a decent profit,"

Why didn't you post when you sold a few weeks ago or even when you bought?
It's just that your post is your one and only post on this lse.
;-)

2.5m employee options admitted to the Market today.

https://www.investegate.co.uk/byotrol-plc--byot-/rns/exercise-of-options-and-total-voting-rights/202007030700049161R/

Bob Holt interview:

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

Wendy Lawrence - CEO interview:

https://www.proactiveinvestors.co.uk/companies/news/923616/totally-plc-focused-on-organic-growth-and-sees--massive-potential--to-expand-into-ireland-923616.html

STTsBumbag
"freedom of movement ends soon so gone of the days of cheap EU labour filling call centres"

Will cheap EU labour be performing the thousands of specialist operations, as part of Totally Healthcare? Really.
Will cheap EU labour be providing medical treatment at Urgent Care Centres?
Will cheap EU labour be providing physio treatment?

Trades are traceable.
;-)

In-Long,
Guess what 'STT' in STTsBumbag stands for?
Have a read of his past posts, especially about rthm (now merged with TRMR). Rthm sp fell 95% DUE to QUESTIONABLE EVENTS. I highlighted those questionable events and last year TRMR H1 results stated that they closed several of rthm's operations and issued a profit warning.

Read his posts and form your own opinion.

https://www.lse.co.uk/profiles/sttsbumbag/

Good TU:

Revenue £105m (2019 £78m, fy2018 £42m)
Ebitda £4m (2019 £1.1m, fy2018 £0.2m)
Cash £8.9m (2019 £7.5m, fy2018 £10.2m)
The figures don't include a fy contribution from GBH or THC whereas going forward they will.

Good to see they are continuing with a progressive dividend policy - final dividend of 0.25p declared.

"Shareholders should also be pleased that we expect continued growth in operating cash flow and the Board therefore remain committed not only to the payment of dividends but also in continuing with our progressive dividend policy. Accordingly, the Board is pleased to propose a maiden final dividend of 0.25 pence per share taking the total dividends for the year to 0.50 pence per share."

Slim lining the business into 3 divisions:
Makes sense to operate as 3 divisions instead of the many separate subsidiaries...

"Totally now operates through three business divisions:"
Urgent Care
Planned Care
Insourcing"

Cross-selling into Ireland:

'Expanding services into Ireland, which is what we were able to do with our insourcing business, we see that there's opportunity there to introduce other parts of our business such as urgent care''

https://www.proactiveinvestors.co.uk/companies/news/923616/totally-plc-focused-on-organic-growth-and-sees--massive-potential--to-expand-into-ireland-923616.html

Allenby broker note:

http://www.allenbycapital.com/research/research-tot_19_103233629.pdf

Excellent set of results..

Margins increased.
Adj EBITDA increased.
Cash increased
Paying dividends.

New insourcing business started.

All in a challenging environment..

TillyTish,
I think the 2.5m trade was a sell. Look at the date/time of the trade.

Maven sold 2.65m on 14th May, which was the date of the last TU from the company.

Given Maven were already below the 3% threshold for declaring, there won't be another holding rns from them. Therefore, if there isn't a holding rns then I'd say it's Maven selling...

https://www.londonstockexchange.com/news-article/BYOT/holding-s-in-company/14595691

Safi
"why RUBI has a higher market cap...it has a track record of proven organic growth with proven tech proposition"

Rubicon, Telaria and The Trade Desk have been at the forefront to tackle industry challenges within ad tech, eg transparency. Give what the industry wants and the returns speak for themselves.

3 Ad-Tech Stories You Need to Know This Week
- The Trade Desk continues to profit from its point of differentiation
- Rubicon Project is still smarting from dropping its buy-side fees
- Telaria continues its sell-side turnaround journey

https://www.adweek.com/programmatic/3-ad-tech-stories-you-need-to-know-this-week-4/

SLF
""high levels" sounds pretty positive don't you think."

Not really, it means they are expecting demand to slow.

For fy2021, Finncap have forecasts of £10m revenue and adj EBITDA of £1.1m. That's only a £4m increase in revenue and only £800k increase in adj ebitda over fy2020. Given the opportunity presented I would have expected significantly more.

On that basis and without any TU from the company, I think the potential is already in the price.

£1.1m adj Ebitda, Mcap of £26m

SLF,
'Record sales in the first quarter' which finished today, 30th June but no mention of 'record sales' for Q2, ie remainder of H1 - Only 'high levels' for Q2.

There's no confirmation that they have received 'record' orders for June and beyond.

Byotrol's 14th May TU:
"As we start a new financial year, we are pleased to report that sales momentum remains strong. We expect to generate record sales in the first quarter of the year and are optimistic that high levels of demand will continue for the remainder of the first half at least.

Sales in March and April 2020 each exceeded GBP1m and we are expecting to show similarly strong performance in May. Our order book at the end of April stood at over GBP2m. The Group's supply chain is working well despite the global shortage of biocidal ingredients, exacerbated by unpredictable national lockdowns and border closures."

https://byotrolplc.com/wp-content/uploads/2020/05/2020-05-13-TU-IRI-SCJ-FINALpdf.pdf

TillyTish
"Maven Capital"

Look at the holding rns and the transaction date.

Maven Capital reduced their holding on 14th May, the SAME DAY as Byotrol's May TU, which showed they don't expect record levels of orders to continue.

Byotrol's 14th May TU:
"As we start a new financial year, we are pleased to report that sales momentum remains strong. We expect to generate record sales in the first quarter of the year and are optimistic that high levels of demand will continue for the remainder of the first half at least.

Sales in March and April 2020 each exceeded GBP1m and we are expecting to show similarly strong performance in May. Our order book at the end of April stood at over GBP2m. The Group's supply chain is working well despite the global shortage of biocidal ingredients, exacerbated by unpredictable national lockdowns and border closures."

https://byotrolplc.com/wp-content/uploads/2020/05/2020-05-13-TU-IRI-SCJ-FINALpdf.pdf

Advertisers boycotting FB/Youtube is nothing new.

How much did Tremor/rthm benefit from large advertisers boycotting Youtube a couple of years ago?
Those advertisers soon went back to Youtube, didn't they? Money talks.

2017 Boycott of Youtube-

YouTube is facing a full-scale advertising boycott over hate speech

https://www.theverge.com/2017/3/24/15053990/google-youtube-advertising-boycott-hate-speech

bald_eagle
"April 2nd (when you made your forecast) was when 'almost' everyone knew that a lockdown was only a matter of weeks away and the economic fallout would impact revenues for the rest of this year at least.."

Actually 2nd Apr was weeks AFTER lockdowns were introduced around the world. Even the UK lockdown, which was later than a lot of other countries, was introduced before 2nd April.

I have been consistently posting, long before the 2nd April post and lockdowns, that in my view Trmr's revenues will be lower for this year, fy2020, than for fy2019.

This was based on Trmr closing several rthm operations in 2019, revenues from which will not be included in this year.
I don't believe revenues from Unruly will replace revenues lost from the rthm operations closed.

Readers are welcome to read my posts and form their own opinion:
https://www.lse.co.uk/profiles/stt1/?page=25

Bald,
"Given the economic turmoil that prevails in the aftermath of the coronavirus Tremor isn't the only company to fall short of revenue forecasts. "

I suggested revenues will fall short long before Covid 19 and re-posted the same after lockdown. Whereas some on here were suggesting that Trmr will benefit during lockdown as more people were watching tv.

My opinion was based on Trmr closing several rthm operations, inc Perk and the fact they are operating the same model as rthm and therefore I think will have similar problems.

This was from my post of 2nd Apr 2020, 20.36:

Given they will lose revenue from discontinued operations and CTV revenues were only $31.9m, I believe this years, fy2020 revenues will be below $300m.

Yet another presentation!

The outlook is unlikely to have changed between the last Investor Presentation, only 3 weeks ago, and this one.

oneandonly
Exactly as I posted, Walkers Crisps, the snack company.

Where's the link, backing up your assertion that the fund manager Walker Crips is owned by Pepsi?

Walker Crips own 5% of Byot NOT Walker Crisps.
https://byotrolplc.com/investor-overview/shareholder-information/

oneandonly,
Pepsi own Walkers Crisps, the crisp company.

Can you post a link showing evidence where Pepsi own Walker Crips, the fund manager?

Tricky
"with estimated CTV revenues in Q2 2020 versus Q2 2019 increasing by c. 264% "

Given they merged with Rthm in Q2 2019 and so CTV revenues were starting from a LOW BASE, they were expected to grow substantially. It's no guide to future increases now that rthm is integrated.

Given last week's TU states that they expect H1 2020 revenues to be $131m-$135m, 27-29% lower than expected, it does look like my prediction that TRMR fy 2020 revenues will be lower than fy2019 revenues of $325m.
As expected.

Safi
"Since R1 was not contributing to Q1 last year I had expected them to at least match last years revenue, which itself was at a time of weak performance and mismanagement"

The TU was poor, as expected.
The revenues were significantly lower, as expected.
I'm sure some posters will come back with 'it was obvious and it will different this time'

This was from my post of 2nd Apr 2020, 20.36:

Given they will lose revenue from discontinued operations and CTV revenues were only $31.9m, I believe this years, fy2020 revenues will be below $300m.