Member Info for stt1

Rivaldo,
"which companies will thrive post-COVID 19....with a focus on deep cleaning"

It seems to me that the potential is already in Byot & TSTL's sp.

Byot and TSTL have already risen considerably since Feb so I think any potential is already in the price.

TSTL:
H1-2020:
£3m profit,
Revenue: £14.6m
H1 cash: £4.2m

£211m mcap

Byot:

fy2020, March:

£250k adj Ebitda,
Revenue £6m
cash £1.7m

£25m mcap

I think the potential is already in the price.

Read the company newsflow.

From their results:

Provision for doubtful debt has shot up - current $22.3m (2018: $2.8m)

Note 16B (2)

"(2) At 31 December 2019, the Group included provision to doubtful debts in the amount of USD 22,376 thousand (31 December 2018: USD 2,822 thousand) in respect of collective impairment provision and specific debtors that their collectability is in doubt."

https://www.tremorinternational.com/wp-content/uploads/2020/03/TRMR-Final-results-310320.pdf

Anyone notice the cancelled trades from yesterday, reported today, 11.46 & 12.06, 759 & 984 shares respectively.

wouterious
"profitable company with healthy balance sheet, 70 m cash, no debts, strong cash flow generation"

Those are as of fy2019, Dec, so 5 months ago and include contributions from operations that Trmr closed last year. There won't be any contributions from closed operations for this year.

How have inventory payments affected the cash during Covid19 lockdown?

V111Jas
"I asked my Broker for some COVID related recommendations "

Who is your broker?
I wouldn't invest in any shares purely on Covid19 expectations. Remember dotcom boom/bust.
I'm surprised your broker recommended TLY as a Covid related share.
What reasons did your broker give for TLY being a Covid related share?

oneandonly
"Sc johnson turnover $12billion a year, maybe you should tell them your concerns"

What has SC Johnson's turnover got to do with Byot's cash position? That's ridiculous to suggest any connection.

The fact is Byot's cash as of 6 weeks ago was £1.7m and it has been declining for years.

"Gross cash balances at 31 March 2020 were £1.7m. Net of the Group’s invoice discount facility of £0.3m, net cash balances were £1.4m. "
https://byotrolplc.com/wp-content/uploads/2020/04/2020-04-24-TU-FINAL-pdf.pdf

V111Jas,

Apart from the shareholdings, the BoD have options. According to the Annual Report, Wendy Lawrence has 500k options.
They have to work to promote the company so that they exercise the options.

Look at the company. It is growing exponentially and getting more coverage.
If the company continues to do so then the sp will take care of itself.

I think one set of options have exercisable price of 27p. I, for one, have no problems if the BoD exercise their options.

bald_eagle,
"described as stating the bleeding obvious...".
"It certainly isn't limited to TRMR."

Absolutely, it's obvious and Trmr certainly isn't immune.

If you read his post of 7th May, Tricky doesn't seem to understand how ad tech ecosystem works as he thinks Trmr operating a FULL STACK model isn't affected by inventory payment issues.

I mentioned Rthm (now Trmr) as an example of a company operating the full stack model but was still owed money by Sizmek.

Tricky thinks it's only STANDALONE SSPs which can have inventory payment issues - his comment in his 7th Post was:

"Companies cited by the poster of the previous commentary are 'stand-alone' SSP's which have payment issues well known about for many years "

Wendy Lawrence, CEO, interview, yesterday.

****************************/articles/totally-dev-clever-holdings-88-energy-and-chris-bailey-4ae8e1f/

Cash balances have been declining for years..

Cash:
fy2018 £3.85m
fy2019 £2.8m
H12020 £2.01m
fy2020 £1.7m (Company broker, Finncap expectated £2.6m)

fy2020 is from their fy TU. The fy results should be published around Aug/Sept.

"Gross cash balances at 31 March 2020 were £1.7m. Net of the Group’s invoice discount facility of £0.3m, net cash balances were £1.4m. "
https://byotrolplc.com/wp-content/uploads/2020/04/2020-04-24-TU-FINAL-pdf.pdf

For me, the news about Totally Healthcare (THC) is more significant than the contract extensions. It means they have been using the opportunity to continue to build up their THC business.

They are now prepared for when non-urgent hospital operations resume.

TLY are in the right place at the right time.

"Today, the Group also announces that, in line with recent Government guidance and as the NHS works towards moving into the next phase of its plan of resuming non-essential and elective procedures, it has mobilised its Planned Care and Insourcing divisions to ensure they are ready to recommence operations and support the NHS as soon as these services restart across the UK."

https://polaris.brighterir.com/public/totally/news/rns/story/r7nm07w

https://www.***************************/totally-plc-vocare-awarded-multiple-significant-contract-extensions/412821130

Frac,
" sold as much in 2 months as they did in 6 months last year "

There wasn't an pandamic last year, so not surprising.

In April, they announced they had £2m+ of orders. They announced today they have £2m+ of orders. They are only stating orders for Q1, which ends next month.

Given there is the biggest pandamic in years, where's the signifcant increase in orders?

They have also stated that Supply Chain is now working well, so the orders should have increased significantly but haven't.

"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

Tricky,
"Reasons being that the blame cannot be passed back down a chain to the original defaulter."

It's nothing to do with being able to pass blame down a chain.
Many DSPs & SSPs partner with each other.
If a partner fails then they are unlikely to be able to pay you. That can lead to cash flow problems.

The same would happen in any business where a debtor is unable to pay you as they've run out of or are short of money. However, you would still owe creditors money, wouldn't you?. The consequences of the debt snowballs down the chain. You can't pass the blame down the chain, can you? These inventory payments can have 60-90 day periods. So it can take months before it gets through the whole chain.

Standard business.

With Inventory payments, there a millions being received and paid every month. Trmr did not state how much money they had as of March 31st, did they?

If any of Trmr's DSP or SSP partners fail or delay payments then it could have serious consequences on Trmr's cashflow. Trmr operating a full stack doesn't protect them from bad debtors, as could be seen with Rthm when Sizmek filed for Chapter 11.


Sizmek owed Rthm over $1m. That's $1m less rthm had that they were expecting.

https://ppc.land/sizmek-files-for-bankruptcy-with-over-64-million-dollars-in-claims/

They had £6m revenue expectations before Covid19.

They failed to beat that revenue expectation set by Finncap even with the spike in sales.

Rivaldo,
"that would imply £9m revenues"

They had £6m revenue expectations for fy2019. So £9m implies they an increase of ONLY £3m despite the huge opportunities presented by Covid19.

The US partner pays initial licence fee of only $250k. That's hardly significant.
The sales of £2m for Q1 to next month are unchanged from previous TU.

Tricky,
"Companies cited by the poster of the previous commentary are 'stand-alone' SSP's which have payment issues "

All you've replied in your post was the model Trmr uses. You haven't mentioned anything about Inventory Payments. Your comment that there's an issue with only 'stand alone SSPs' shows you don't know understand how the ad tech model works nor how Inventory Payments work, which I referred to in my previous post.

Trmr is using RTHM's model, full stack. However, DSPs and SSPs partner with many other DSPs & SSPs within the Ad Tech ecosystem. Therefore, the fact Trmr are running a full stack makes no difference to the current industry concerns around Inventory Payments.

Trmr's model is the same as Rthm's. Therefore, any problems rthm encountered, Trmr could do as well.

As mentioned Sizmek still filed for Chapter 11 and their fallout will be felt across the industry.
Oh look, Rthm are on the list of companies Sizmek owed money to. And there's also dozens of other companies. Strange but as expected.

Sizmek owed Rthm over $1m.
https://ppc.land/sizmek-files-for-bankruptcy-with-over-64-million-dollars-in-claims/

As to your comment about 'stand alone SSPs'. Again your information is wrong. As this article shows, it's DSPs or Demand Side Platforms, not SSPs, the industry is concerned about.

I hope my post clarifies the situation a bit more for you.
;-)

Publishers guard against ad tech vendors failing

"In publishing, that means publishers fear ad tech vendors defaulting on payments and fearing another high-profile demand-side platform bankruptcy like Sizmek. "

"SSPs have responded in a number of ways by cozying up to publishers fearful of how sequential liability clauses could leave them on the hook should another DSP go bust."

https://digiday.com/media/publishers-guard-against-ad-tech-vendors-failing/

OneandOne,

"Pets at Home".

Pets at Home isn't a new customer. Despite the sales increasing due to Covid19, via Pets at Home and via Japanese/Chinese customers, Byot's TU last month, showed they still failed to beat revenue, adj EBITDA and cash expectations, published, which excluded Covid19.

Annual Return 2019:

"Sales to established European customers, Pets at Home, Savic and Beaphar remain stable. This year saw Beaphar extend the distribution of Byotrol surface care products into Eastern Europe following successful national regulatory
registrations.
Japanese distributor, Good Smile International experienced excellent sales growth, following the launch of its new
Byotrol surface wipe. Byotrol and Good Smile continue to have a successful and collaborative partnership."

https://byotrolplc.com/wp-content/uploads/2019/10/Byotrol-Annual-Report-FY-2018-19.pdf

OneandOne,
"Like Christies Direct"

What Brand name do Byot use at Christies Direct please?
They not listed as Byotrol.

https://www.christiesdirect.com/brandlist.aspx