Member Info for stt1

Thoth,

"Self isolating impactin staff doing nhs111 work without ability to work from home."

Like I said, I can't see 999 or 111 services closing.

Seems like TLY are ahead of the game.
(thanks to grahamwales).

Remote Clinical Advisor (Homeworking)

https://findajob.dwp.gov.uk/details/4107952

Harhoo

"wow that's massive for byotrol"

Byot have stated that they don't have the money so why should it be massive for Byot.
Byot have been seeking a partner for months....

"Financial Resources
At the year-end we had cash resources of £2.8m (2018: £3.85m) which is sufficient to finance our ongoing operations and the remaining earnout payments to Medimark’s vendors but not to fund additional resources, capabilities and nationwide marketing expenditure in the US"

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

The Company broker, Finncap, note from the same day as the TU, 29th Jan shows:

Finncap:
Apr 2nd 2019 - Forecasts for fy2019
Jan 6th 2020 - actuals for fy2019

Revenue: forecast $495m, actual $325m (DOWN 34%)
Net cash: forecast $113m, actual $75m (DOWN 34%)
earnings: forecast $9.8m, actual $1.1m (down 89%!!)

Free to access
https://www.finncap.com/our-services/research

Only a few days until the results, so best wait until there is some clarity....
History shows the sp tends to drop on results day..

Tricky,

"Tremor have recently picked up a series of distressed ad tech assets for a fraction of those companies’ prior valuations."

Yes, exactly, as I've previously posted, many ad tech companies are worth a fraction of their former valuation.

Thanks for agreeing with me...

It will take months even a year to know if Trmr's new model is working.
There's also likely to be a lot of writeoffs in the results...
so I'm expecting an overall loss for fy2019..

The results are only a few days away.

Given rthm had a long history of disappointing on the day, resulting in the sp falling, I think it's best to wait until the results..

Read TREMOR's interims and TRMR's Broker notes..

Read the company's broker, Finncap reports and company interims:

Finncap:
Apr 2nd 2019 - Forecasts for fy2019
Jan 6th 2020 - actuals for fy2019

Revenue: forecast $495m, actual $325m (DOWN 34%)
Net cash: forecast $113m, actual $75m (down 34%)
earnings: forecast $9.8m, actual $1.1m (down 89%!!)

Company Interims Sept 2019:

Profit warning,
closing several rthm operations,
Still being affected by Industry Challenges,
Perk.com closing down - LOSS OF PREMIUM SUPPLY SIDE, DEDICATED USERS.

The profit warning from the company themselves, is there in black and white.

" This coupled with the weakness in the Performance division year on year means that the Board believe the Company will be marginally behind full year expectations on profitability for 2019. "

The closing of rthm's operations - rthm operations not so good then? -

"Several of RhythmOne's products have been discontinued alongside its demand-side platform ("DSP"). The development of RhythmOne's data management platform ("DMP) has also been taken in-house. This initiative created an operational challenge for management, however they believe the decision will markedly benefit the company in the medium-term. The reduced development, maintenance and data centre costs form part of the wider initiative to streamline the Company's operations."

Industry Challenges continues to affect trmr

"The performance-based division has continued to be impacted in 2019 by the well-documented headwinds which have affected both topline revenue and profitability. "

https://www.investegate.co.uk/tremor-international--trmr-/rns/interim-results/201909240700083776N/

Since interims, they closed perk.com -losing millions of Premium Dedicated Users
plus LOSS OF CASH AND REVENUE from this year...

Perk.com closing:
"Due to changes in the company direction, all Perk applications will be shutting down on December 1, 2019. Users will need to redeem their Perk Points by November 20, 2019, or the points will expire. Thanks again for all your support these past several years!"
www.Perk.com

Sharenicely
" But, TRMR has no debt repayments and a large cash pile."

They need cash for inventory payments.. Payables can be 90days, so they would be still paying out for December's inventory. Therefore, a more up to date cash balance is more important.

The Trade Desk and MediaMath, both huge companies within the AdTech Ecosystem had to raise money because of the way inventory payments work.

"DSPs shoulder this burden directly because they constantly owe money to inventory suppliers. The Trade Desk took out a $200 million loan in 2017 to preserve liquidity while it bridges inventory payments. MediaMath has raised more than $600 million, including $225 million last year."

https://adexchanger.com/online-advertising/sizmeks-bankruptcy-is-changing-how-the-supply-side-manages-dsp-debts/

Trmr closed several rthm operations, inc DMP and Perk.

Their fy2019, Dec 2019, results due in about 10 days will include cash and revenues from this, now discontinued, operations.

The results are only around 10 days away.

Given rthm had a long history of disappointing on the day, resulting in the sp falling, I think it's best to wait until the results..

Companies House website showing rthm with Charges still outstanding..

https://beta.companieshouse.gov.uk/company/06223359/charges

Tricky,
"Companies requiring credit facilities may find themselves in some difficulty."

Rthm still have a secure revolving credit facility, which is still outstanding according to Companies House and due to expire Nov this year..

The annual Cannes Lion festival for Ad Tech companies has been postponed.

https://www.thedrum.com/news/2020/03/18/cannes-lions-postponed-until-october

another company manufacturing hand sanitiser and giving it away for free..

BrewDog begins making hand sanitiser amid shortages in UK

Brewer says product will be given away for free to those in need during coronavirus crisis

https://www.theguardian.com/business/2020/mar/18/brewdog-begins-making-hand-sanitiser-shortages-uk

cities have been in lockdown.
Governments are pumping billions to try and help.

There's significant risk of world recession which will take years to overcome.

The financial crash from a decade ago was nothing compared to the current stuation..

Countries and companies will need a bailout but who will pay for it??

bald_eagle,

Spanish Flu. exactly...
Plus I think markets are worried about a possible depression, as was in 1930s..

Truth,
lol.. ok, sorry, you're right...

According to their annual report, cash was only sufficient for ongoing operations. I expect they would have generated cash from recent spike in sales but I would hardly describe it as 'attractive'.

"Financial Resources
At the year-end we had cash resources of £2.8m (2018: £3.85m) which is sufficient to finance our ongoing operations and the remaining earnout payments to Medimark’s vendors but not to fund additional resources, capabilities and nationwide marketing expenditure in the US."

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

Kiwi,

Thanks for the long post...

Are you seriously suggesting that yesterday it was pure coincidence that the volume was massive and at the same time several posters happened to appear, pre-market opening, with all the bullish posts and just happen to disappear in the afternoon and today, after the sp dropped.
It's just pure coincidence that there were several large sells as well.
Is Covid-19 outbreak over that there weren't dozens of pre-market open posts today ??

so expect a surge in elective operations over the next 4 weeks..

Spire prepares as NHS block-buys private hospital capacity for coronavirus surge

"Spire Healthcare Group PLC (LON:SPI) said the NHS is currently block-buying capacity in private hospitals to deal with expected coronavirus patients and has called for hospitals trusts to use private hospitals for as many elective operations as possible before restrictions on movement kick in. "

"Before the NHS postpone all non-urgent elective operations from 15 April, expected to be for at least three months, all trusts should “use all available capacity for elective operations including the independent sector, before Covid constraints curtail such work”."

https://www.proactiveinvestors.co.uk/companies/news/915199/spire-prepares-as-nhs-block-buys-private-hospital-capacity-for-coronavirus-surge-915199.html

Kiwi,
It seems like the volume of trades has virtually disappeared today, as have the volume of posts and posters.

Is there a correlation?

Thoth,
"Outpatients being cancelled will knock on finances "

So you think the NHS will pay compensation to patients for cancelling non-essential operations because of Covid-19?
Really???
Who funds the NHS? The tax-payers..

Following on from L Vuitton's announcement that they are going to make hand sanitiser...

A Gin Maker from Bristol is also making hand sanitiser and distributing it to locals. They have had enquiries from hospitals and Network Rail.

Don't need Byot facility to make hand sanitiser...

https://www.bbc.co.uk/news/av/uk-51937568/the-gin-maker-using-his-alcohol-for-hand-sanitiser

Byot were due to be at the Manchester Cleaning Show to show their products...
It has been postponed until Sept...

Window of opportunity missed..

The Manchester Cleaning Show at EventCity has been postponed due to coronavirus

https://www.manchestereveningnews.co.uk/news/greater-manchester-news/manchester-cleaning-show-cancelled-coronavirus-17930832