Member Info for stt1

TLY continues to expand and acquires another company, Pioneer Healthcare, the 2nd acquisition within the last 3 months.

Great acquisition. There's a huge increase in business in both insourcing and outsourcing..

The AQP is a huge bonus as it allows direct selling to NHS patients. There's also the opportunities for cross selling of TLY's other services.

https://www.pioneerhealthcare.co.uk/

Rusty,
"Interestingly saying today, once its completed, might undertake another one ?"

The say the same every time. Here's the previous buy back announcement in Dec 2020 for the buy back which ended March 2021, a year ago. EXACTLY same wording, different dates, so it's not unusual.

"At which point, the board will review the merits of implementing a further share repurchase programme."

https://investors.tremorinternational.com/static-files/645f6633-5158-4bb3-b453-e5f62d65e4a5

That buy back ended in March 2021. They had a placing only 3-4 months later.
Not forgetting they also issue millions of options as well.

They have a history of buy backs, placings and issuing millions of options.

Pubmatic shares fall 11% after they announce qtr4 results.

https://finance.yahoo.com/quote/PUBM/

Tricky,
You and Eddie still show your complete lack of understanding of how NHS/TLY model works.

Private companies have been part of the NHS since it was created over 70YRS ago.
Contrary to your stance it would be political suicide for any party to scrap private companies within the NHS.

As to making profits, have you ever seen a poor GP, hospital consultant, agency nurse etc??? No, they are all racking it in.

Urgent care is just one of TLY's division. The division provides TLY with solid regular income, revenues and cash. It is their foundation to build their business model. NHS 111 contributes around 20% of TLY's revenues.

Since the foundation was set in 2019, TLY have setup and grown their other divisions using EXISTING MONEY.

Insourcing division was incorporated in Oct 2019 and has grown using existing funds. This division is growing fast and only a few months ago expanded their footprint to Republic of Ireland. RoI is NOT part of NHS nor the UK govn!!!
Insourcing is growing fast because the govn has RECENTLY changed it's priorities to reduce the backlog of operations. The new NI tax hike is due in about 6 weeks.

Planned Care - the govn is moving towards more out of hospital care and self-care, which is where physios etc come in.

EFP - TLY acquired this company a few months ago FROM EXISTING FUNDS.
Companies are responsible for their staff health and welfare whilst they are working, even if they are working from home.

You obviously know all this because you repeat the same misleading rubbish every few weeks and receive the same facts in reply.

lol

Rusty,
"This is a much bigger buyback programme than the last one, and at times they were able to buy very little or no shares on some days."

You forget the obvious.
This time they are Nasdaq listed, so they can play the arb and keep the sp lower.

Nasdaq short position is 452k (15th Feb), which is the highest it's ever been.

https://www.nasdaq.com/market-activity/stocks/trmr/short-interest

I actually say I treat all brokers targets, BB/social media posts with a pinch of salt. I don't rely solely on them as research. I ignored broker's targets when they suggested $30, backed my own research and stance when I traded at 844p... ;-)

Best to read company/sector newsflow.

Raymond James slashes the target price from $31 to $22.
This is for US ADS not UK. UK eq is around 800p.

https://www.benzinga.com/news/22/02/25835699/raymond-james-maintains-outperform-on-tremor-intl-lowers-price-target-to-22

Radium
"Forget about Alphonso."

Why would investors forget about a court case against Alphonso, now owned by LG who are one of the biggest CTV companies in the world?
Apart from the loss in income from Alphonso (substantial according to Trmr's own court document), there are reputational damage (again according to Trmr's own court document).

Do you think LG don't talk to other Ad tech or CTV companies?

"We have a whole new world of Hisense ACR data coming into our connected TV platform from the 1st May. "

That's still 2 months away!! Do you think it will replace data from LG?

The Alphonso court case is still ongoing. The longer it goes on the more it will cost.
This was from the court document filed by the company.

"12. As a result of Defendant's misconduct, Tremor has already lost substantial business dependent on the LGE viewership data and is continuing to lose such business, which Tremor would have retained and/or obtained but for Alphonso's and LGE's wrongdoing; Tremor's reputation is being irreparably tarnished; and Tremor's highly-trained salesforce is at risk."

https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=5yQBD0QoQffyn29kXpficw==

Putting that relative to how they and US peers have performed over the past year.

Trmr sp still lower than Q1, Q2, Q3.

Trmr:
Q1 26/05 822p
Q2 19/08 778p
Q3 11/11 792p US $20.02
Q4 24/02 534p US $14.63
current:
high 26/05 870.65p

Pubmatic:
Q1 11/08 $39.67
Q2 13/05 $32.78
current: $28.27
high: 01/03 $76.96

Magnite:
Q1 10/05 $33.47
Q2 09/08 $34.26
current: $13.43
High: 09/02 $64.39

Perion:
Q1 04/05 $17.67
Q2 03/08 $19.81
current: $21.80

Radium
" Playing both sides of the coin is really beneficial for advertisers because they can access the same data regardless of the platform they activate on."

You forget one crucial but simple point. Privacy law challenges.

rthm(now trmr) operated a full stack for years. They also made losses for years.

Look at why Telaria demerged from Trmr(as TAP) and went onto to partner with Rubicon to form Magnite.

Below are Telaria(now Magnite) and The Trade Desk's comments on operating ONE SIDE of the ad tech model. TTD are the largest DSP.

The Trade Desk (TTD) previously quoted as saying that their one sided approach was the key to its success...other companies have also ditched both sides...

"Many companies that tried to run ad tech businesses on both sides later have sold one side off: Rubicon shut down buy-side platform Chango, with then-CEO Frank Addante admitting the acquisition was a failure. Tremor Video just sold off its buy-side business to focus on the supply side. Amobee sold its sell-side business to focus only on the buy side. The Trade Desk, which has seen its stock skyrocket post-IPO, consistently cites its single-side, agency-focused approach as a key to its success."

https://adexchanger.com/platforms/appnexus-buy-side-falls-wayside/

****************************************************************************

Telaria (Magnite) reasons for demerging from trmr(TAP). 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/

Biffa,
"Thank you for reminding us that we have another $25 to $50M coming from the Alphonso settlement this year."

What settlement? lol

The court case was filed last May and is still ongoing. There are substantial costs involved with court cases and the longer it goes on the more it will cost Trmr.

Look at the Uber court case only 2+ yrs ago, they claimed they would aggressively defend against it but in the end trmr ended up paying $1.7m to settle out of court..

"The Company reiterates that it considers the claims to be without merit and, as such, Taptica Ltd. and Taptica, Inc. will aggressively defend against these claims."
https://www.investegate.co.uk/taptica-int--ltd--tap-/rns/update-re-uber-lawsuit-and-proposed-share-buy-back/201906120733299315B/

Despite their claims it was without merit they still paid out $1.7m to settle the case out of court.
https://www.morningstar.co.uk/uk/news/AN_1607968003002689200/in-brief-tremor-to-pay-usd17-million-to-settle-uber-lawsuit.aspx

I see the Alphonso court case is still ongoing.
As I said months ago, the impact won't be known until Q3 onwards. Now we can see the impact.

Given there wasn't supposed to be any or little impact, I would have thought the company would have settled out of court by now.

They mention 2 contingent liabilities:

"In January 2018, AlmondNet, Inc. and its affiliates (Datonics LLC and Intent IQ) contacted RhythmOne asserting that RhythmOne’s online advertising system infringes eleven U.S. Patents owned by the AlmondNet Group. As of the date of this report, a claim was never filed and RhythmOne is currently in a commercial agreement with AlmondNet’s affiliate. The Company believes that the likelihood of a material loss is remote but at this point is unable to reasonably estimate any potential loss and financial impact to the Company resulting from this matter.

b. On May 18, 2021, the Company filed a complaint against Alphonso, Inc. (“Alphonso”) in the Supreme Court of the State of New York, County of New York (the “Court”), asserting claims for breach of contract, tortious interference with business relations, intentional interference with contractual relations, unjust enrichment, and conversion."

https://investors.tremorinternational.com/node/10146

There you go, fy results in. Sp still lower than it was at beginning of this year, still lower than Q1, Q2, Q3.

Trmr:
Q1 26/05 822p
Q2 19/08 778p
Q3 11/11 792p US $20.02
Q4 24/02 534p us $14.63 (as of 16.55GMT)
current:
high 26/05 870.65p

My 844p from months and months ago still looking good timing..

SNN,

"CTV income suffering on comparatives, due to loss of LG data. "

The same loss of data that rampers were saying had little or no impact on trmr.
The same loss of data that I said the consequences won't be known until Q3 onwards.

Oh look, it has had an impact, as expected then.
;-)

Shows huge backlog which the govn is planning to address. Urgent/Planned Care/Insourcing.
These are all divisions of TLY - their diversified business model.

Sickest face record long waits for hospital bed

"Meanwhile, the numbers of people on hospital waiting lists for planned treatments has risen to 6.1 million.

Earlier this week ministers set out a recovery plan to tackle the backlog in treatments, which includes people waiting for hip and knee replacements.

They warned the waiting list could keep rising for two years before starting to fall."

"Dr Tim Cooksley, president of the Society for Acute Medicine, said hospitals were stuck in a "vicious cycle" of delays which was affecting patient care.

He said the waits for planned care were beginning to have an impact on A&Es, with the health of patients deteriorating to the point where they need emergency treatment."

https://www.bbc.co.uk/news/health-60334081

Eddie,

BBs are better if posters are allowed to post their opinions, bull and bear posts and then allow PIs to form their own opinion and have a better understanding of the company. It's their money, isn't it?
Posters can counter those opinions if they so wish.

Why would anyone want to have a rampers only thread???

I believe if bull points can be countered then it makes the bear case stronger.
If bear points can be countered then it makes the bull case stronger.

I have absolutely no problem with anyone posting bull or bear posts, here or anywhere else. I've countered the bear points here. Feel free to counter any of my posts on other companies, it all helps PIs form a better understanding of the company.

In terms of trmr, my trade at 844p months ago is still significantly higher than the current sp of 550p. Whilst you held on expecting the sp to continue surging, I gave my reasons for the trade, ad tech bubble, best to trade, history of placings/court cases... Oh look, they had a placing and are in the midst of yet another court case and ad tech bubble has been bursting, all AS EXPECTED!!

"As for TREMOR's investment case you need to be careful and not mention TLY and Tremor in a comparative way"

Feel free to mention Trmr's investment case on the right thread. I look forward to reading a sensible post from you!!. lol

In fact feel free to post why TLY is not a good investment by referring to the facts, company/sector newsflow.

Eddie
"Isn't this what TLY (or any other company) are supposed to do, to win contracts so they can EXIST ? "

You're showing your ignorance of the business and NHS.
NHS 111 accounts for around 20% of the total revenue.
Urgent Care contracts (NHS 111/Walk in centres etc) provide TLY with solid increasing recurring revenue, that's REPEAT business!! They are lower margin but provide TLY with the cash to grow.

The evidence. Despite some parts of their business being closed during covid, the company STILL increased revenues and cash.

Ah TRMR - Why would a so called fast growing company in a hot sector need a significant discounted placing to raise a huge $150m cash??
What was the market reaction there after the IPO/strong Q2/Q3 results??? Oh, the brokers significantly reduced their targets. Makes your comments here look pathetic, doesn't it???

The sp fell from high of 870p pre-IPO, as expected!!
My 844p trade months ago is still significantly higher than the current 550p.

Read the company/sector newsflow.
;-)

To back up my previous post, here's the current sp of US Peers with their highs.

You'll notice US Peers highs were Feb/March last year, so around this time last year.
Trmr was well before their IPO, reaching 870p.

Trmr:
Q1 26/05 822p
Q2 19/08 778p
Q3 792p US $20.01
current: US $15.23 around 550p
high 26/05 870.65p

Pubmatic:
Q1 11/08 $39.67
Q2 13/05 $32.78
current: $29.08
high: 01/03 $76.96

Magnite:
Q1 10/05 $33.47
Q2 09/08 $34.26
current: $14.70
High: 09/02 $64.39

Tricky
"But how are the general public to decide what is an emergency and what is not?"

It is very simple.
CHOICE.
It's your choice if you wish to dial 999, go to the GP or use NHS 111.

NHS 111 is a non-emergency number. Exactly like 101 is a non-emergency number for the police.
Both have existed successfully for years.

I've asked before, what is your solution for handling non-emergency conditions but you never have an answer.

Yet again, this has absolutely nothing to do with TLY or NHS 111/999 providers.