Member Info for stt1

I think the main thing here is whether Teads were right about lack of investor interest.

They pulled their IPO due to lack of investor interest, following their investor roadshow.

The fact Teads pulled their IPO just days before they were due to list because of 'lack of interest'.

"Teads, an Altice-owned company, was set to make an initial public offering this week with ambitions of raising $751 million, but a lack of investor buy-in has meant its earlier plans have been scrapped, according to sources."
https://www.adweek.com/programmatic/teads-delays-its-ipo-plans/

Gino
"Watch for the profit warning"

Re-read my post. Read the last sentence:

"Trmr took over rthm in 2019, 6 months later trmr issued a profit warning.."

In 2017, rthm(now trmr) took court action against DataXu - the sp was eq 590p just weeks before.
https://www.adexchanger.com/online-advertising/rhythmone-dataxu-tussel-unpaid-bills-hidden-fees/

The sp fell towards 100p BASED ON EVENTS.

In 2019, trmr (as TAP) merged with rthm. Rthm eq sp had fallen from 590p to 170p in 18months!!
https://www.adweek.com/programmatic/programmatic-companies-taptica-rhythmone-merge-in-176-million-deal/

Despite the upbeat statements from Ofer etc re the merger, around 6 months later, trmr issued a profit warning.
Sept 2019: Profit warning and closes several rthm operations. sp falls
Due to industry challenges which are still increasing.
https://www.tremorinternational.com/wp-content/uploads/2019/09/TRMR-Interim-Results_Final-240919.pdf

The company has a history of placings, court cases.

Look at the figures Q3 v Q2...

There's more to this than the headlines.
Watch out for the profit warning.

Best to trade and not get caught out again.

I think there will be a profit warning at some point.

I think the deeply discounted placing was to provide them with a cushion as a result of the court case.

According to the court document, apart from the substantial loss in business, trmr claim their reputation has also been tarnised and their salesman are at risk...
There's more to this than just the financial loss and could go on for months...

The Q3/Fy results should be interesting...

From the court document:
"12. As a result of Defendants’ 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==

When rthm(now trmr) claimed against DataXu there were similar issues...
https://www.adexchanger.com/online-advertising/rhythmone-dataxu-tussel-unpaid-bills-hidden-fees/

Trmr took over rthm in 2019, 6 months later trmr issued a profit warning..

Radium,
"FinnCap’s note, updated just over three weeks ago on the 19th Oct, implies no impact from all this legal malarky"

Have you found the comment where you claim Finncap state that there is no impact to trmr from the Alphonso court case.
If you can't then you're making it up, aren't you.

Readers. Would you believe the company or BB posters, who can't back up their claim?

From Trmr themselves:
"12. As a result of Defendants’ 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==

Tosca selling just before IPO.
Shroders selling.
Deeply discounted placing.
Rushed IPO.
Trmr state themselves in the court document that they have lost substantial business.
I think there was a rush to list (with placing) because of the Alphonso dispute.

So the committee recommending use of non-alcohol santisers was chaired by IDS who just happens to be paid by Byot for his consultancy.. That's really bad

Especially as this has been repeatedly ramped on the regulatory tightening.

The company made claims that it benefited from the change.
The fact they omitted to say that they paid £25k a year to the chair of the committee is just as bad as the allegations against IDS.

This could have a real impact and the company needs to clarify asap.
Given the article was from yesterday, I'm surprised the company hasn't felt it needed to provide any clarity.

Iain Duncan Smith accused of ‘brazen conflict of interest’ over £25,000 job
Ex-Tory leader chaired government taskforce that recommended new rules benefiting firm he was employed by

"The report made no reference to Duncan Smith’s relationship with Byotrol, which provides the NHS with 92% of its non-alcohol sanitiser. It retains the former Tory leader as an adviser for £25,000 a year, according to his declaration in parliament’s register of members’ interests.

In a message to investors after the recommendations of Duncan Smith and his fellow former ministers George Freeman and Theresa Villiers, Byotrol welcomed how an “influential UK government-sponsored taskforce has recommended a regulatory ‘green light’ for alcohol-free hand sanitisers”. Its directors were also quoted in a report as saying that it delivered a “powerful boost” to the firm."

https://www.theguardian.com/politics/2021/nov/09/iain-duncan-smith-accused-of-brazen-conflict-of-interest-over-25000-job

Amazing how the rampers have suddenly forgotten about the Alphonso court case..

The outcome of the court case can take months to be known.

Let's see whether, on Thursday, they provide any clarity to their claim in the court documents that they've made substantial loss of business and whether this is continuing.

From the court document:
"12. As a result of Defendants’ 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==

The speed at which trmr changed their minds and listed, with the discounted placing, raises questions and uncertainty and so is a red flag. Their change of mind came amidst the Alphonso dispute.

The need for a US listing became urgent around March time... The Alphonso court case filing was mid-May.
Therefore, they would have known many weeks ago, maybe March, of the dispute with Alphonso. Companies try and resolve the differences before taking court action.

So I think once the dispute with Alphonso was known they felt the need to US list (with the placing) asap. I think because the process to list was the reason behind the early Q1 TU (10 days before Q1 end).

On 10th March, they published the fy account, without firm mention of US listing, they simply said:
"The Company continues to explore, from time to time, the possibility of transactions in the capital markets, including the potential for a dual-listing of shares in the United States. No assurance can be made that any such transaction will be completed in the near term or at all."
https://www.tremorinternational.com/wp-content/uploads/2021/03/TRMR-Final-Results-100321.pdf

Yet ONLY 6 days later on 16th March , they published their draft registration for a US listing:
https://www.tremorinternational.com/wp-content/uploads/2021/03/TRMR-Submission-of-Confidential-Draft-Registration-Statement-for-Proposed-Offering-160321.pdf

That tells me there was a sudden need to list with days of the fy results being published, timing which coincides with the alphonso dispute.

Radium,
Further to my previous post replying to your claim that Finncap imply there is no impact from the Alphonso court case.

In your posts from Oct 31st, 3pm, when the sp was falling, you previously posted about the court case, Alphonso being replaced by fourthwall and minimal impact (note not no impact), now you're saying no impact. Your previous posts clearly show you think there is impact from losing Alphonso.

Your post - 31st Oct 3pm.
"there is no good reason to suggest that the loss of a single data point and (at worst) a few % points in revenue, is going to have any meaningful impact "
https://www.lse.co.uk/profiles/radium1/

On 30th Oct 5.17pm you posted:
"Rather, people are trying to reconcile the impact (or not) on 3Q earnings"

On 28th Oct 1.36pm you posted:
"The forward guidance for 4Q should guide us as to what extent Tremor has managed to mitigated against Alphonso’s behaviour."
https://www.lse.co.uk/profiles/radium1/

Why would you say 'to what extent tremor has managed to MITIGATED against Alphonso's behaviour' if you felt there was no impact?

Now you're saying Finncap implies no impact from their notes of 3 weeks ago. Why have you not been consistently saying 'no impact'.

You are clearing changing your views depending on whether the sp is rising or falling...

I've been consistent...
Tosca selling just days before IPO.
Shroder selling.
Rushed IPO, with discounted placing, due to Alphonso dispute.
The impact won't be known for months.

My 844p trade months ago was based on my conviction that the sp rises on bullish comments and falls on events.

Radium,
"finnCap’s note, updated just over three weeks ago on the 19th Oct, implies no impact from all this legal malarky"

That's rubbish.
Where do Finncap say that there is no impact from the Alphonso court case or are you making it up to pull the wool over reader's eyes?

The company themselves have said they have lost substantial business - why would the company lie on court documents???.

Would readers believe the company court papers or rampers?

"12. As a result of Defendants’ 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==

If it is mentioned as part of Thurs Q3 results then it could result in a profit warning.
Best wait until Q3 on Thursday for clarification. It's only 1 trading day left.

The outcome of the court case can take months to be known.

Let's see whether, on Thursday, they provide any clarity to their claim in the court documents that they've made substantial loss of business and whether this is continuing.

From the court document:
"12. As a result of Defendants’ 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==

The speed at which trmr changed their minds and listed, with the discounted placing, raises questions and uncertainty and so is a red flag. Their change of mind came amidst the Alphonso dispute.

The need for a US listing became urgent around March time... The Alphonso court case filing was mid-May.
Therefore, they would have known many weeks ago, maybe March, of the dispute with Alphonso. Companies try and resolve the differences before taking court action.

So I think once the dispute with Alphonso was known they felt the need to US list (with the placing) asap. I think because the process to list was the reason behind the early Q1 TU (10 days before Q1 end).

On 10th March, they published the fy account, without firm mention of US listing, they simply said:
"The Company continues to explore, from time to time, the possibility of transactions in the capital markets, including the potential for a dual-listing of shares in the United States. No assurance can be made that any such transaction will be completed in the near term or at all."
https://www.tremorinternational.com/wp-content/uploads/2021/03/TRMR-Final-Results-100321.pdf

Yet ONLY 6 days later on 16th March , they published their draft registration for a US listing:
https://www.tremorinternational.com/wp-content/uploads/2021/03/TRMR-Submission-of-Confidential-Draft-Registration-Statement-for-Proposed-Offering-160321.pdf

That tells me there was a sudden need to list with days of the fy results being published, timing which coincides with the alphonso dispute.

Malbright
"a sure fired trade for the lth’s like me."

I've been saying 'best to trade and not get caught out'.

The rthm(now trmr) sp has long history of rising on bullish comments and then falling on events.

In 2013-14 blnx/rthm(now trmr) sp reach eq £28 before falling back to 400p within 6 months.

Look at pre-IPO, results etc.
The sp reached intra day high of 870p pre-IPO.

My trade at 844p was based on my conviction that they would fall and they did. The sp still hasn't reached the intra day high of 870p pre-IPO.

Question is whether the company provide an update on the Alphonso court case.
A court case where Trmr claim they have lost substantial business.

There you go as expected.
I'll add US peers reporting Q3 results to the list of long awaited events, which have disappointed.

UK close 684p, US close $18.97 eq to 687p UK.

These were supposed to surge on, IPO, Placing, Brokers targets/notes, Q2 results, AGM, etc - now US Qtr 3 results.

The sp has a history of rising on bullish comments and falling after..

These were supposed to surge on:

1) Long awaited IPO. Completed, disappointing reaction.
2) Placing. Deeply discounted placing for a supposedly hot company in a hot sector. Disappointing reaction.
3) Initial broker notes/targets. They weren't significantly higher. Disappointing reaction.
4) Q2 results. Disappointing reaction.
5) New broker notes/targets. Not significantly higher despite the so called strong results. disappointing reaction.
6) AGM. Disappointing reaction.
7) Updated note from Brokers
8) US Peers reporting 3rd Qtr. TTD/Magnite/Perion now reported.

Now what? Ramp on Q3? If not, wait until fy?

Back to vicious circle, US following UK following US, up or down, waiting for the NEXT news... as expected..

The sp is still lower than the intra day high of 870p reached months ago and still lower than my 844p trade from months and months ago!!!.

Best to trade and not get caught out again.

Let's see whether, on Thursday, they provide any clarity to their claim in the court documents that they've made substantial loss of business and whether this is continuing.
Outcomes from court cases can take months to be known, so this could drag on for months.

From the court document:
"12. As a result of Defendants’ 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==

Again, The Trade Desk(TTD) and Trmr operate different business models.

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 the one side of the ad tech model.

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/

The crucial point from this Thurs will be if they say anything about the Alphonso court case and their 'substantial loss of business' as they mentioned in the court document.

Currently the court case is not mentioned by media or rns, so many investors are probably not aware.

From the court document:
"12. As a result of Defendants’ 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==

Hopefully, we should get an update on new ICS soon.

TLY in the right place at the right time. New proposals have been expected.

"A change in the way services are commissioned – In February 2021, the Department of Health and Social Care published a White Paper which set out a strategic shift away from the focus of competition which underpinned 2012 government reforms and removed some competition and procurement rules. In the future, contracts are expected to be commissioned less through competitive tendering and increasingly through partnerships with trusted and established private sector providers and we fully anticipate Totally being one of these."

http://www.allenbycapital.com/research/research-tot_23_2096080549.pdf

There you go, as expected.
US Peers start to report Q3 results and the sp isn't surging.

US after hours ended at $17 or UK eq 615p....
UK closed at 656p, so expect the sp to open lower on Monday..

As stated, the sp rose on bullish comments and is falling on events.

These were supposed to surge on:

1) Long awaited IPO. Completed, disappointing reaction.
2) Placing. Deeply discounted placing for a supposedly hot company in a hot sector. Disappointing reaction.
3) Initial broker notes/targets. They weren't significantly higher. Disappointing reaction.
4) Q2 results. Disappointing reaction.
5) New broker notes/targets. Not significantly higher despite the so called strong results. disappointing reaction.
6) AGM. Disappointing reaction.
7) US Peers reporting Q3 results. Disappointing reaction.

Now what? Ramp on Q3? If not, wait until fy?

Back to vicious circle, US following UK following US, up or down, waiting for the NEXT news... as expected..

The sp is still lower than the intra day high of 870p reached months ago and still lower than my 844p trade from months ago.

Tricky
Yet again, your post re-confirms you are clueless about the NHS/TLY and their business models.

"As for 'planned Care' 'Another spike in Corona and the elective procedures (operations) are put on hold,"

Planned care is Physio, Referrals etc. That has nothing to do with Elective procedures being put on hold. Elecitive procedures is TLY's 'insourcing', not 'Planned Care' division.

"Next 'In-sourcing' - well the massive NHS staffing shortages are hardly looking promising either."

Insourcing works in evenings and weekends using consultant's CURRENT free time.
Consultants normally work for NHS and privately, it's nothing new.
The NHS restrict the amount of time they can work within the NHS.

If there's staffing shortages and consultant's are not free then waiting lists will only increase until the consultants are free. Given TLY's insourcing division started only 2 yrs ago, any increase in waiting times will mean more work for TLY 'insourcing division' down the line.

Try keeping up.

https://www.totallyplc.com/our-businesses/totally-healthcare/

Malbright
"is definitely a stock to move in and out of at the right time. "

You mean 'best to trade and not get caught out' as I've suggested for months.
As expected, also looks like that ad-tech bubble I've warned about is deflating faster than before.

My 844p trade from months ago still looking great.

US Peer Magnite reported Q3 results this evening. Despite exceeded expectations on the bottom line, the sp has fallen, after hours, by around 10%
" Our business continued to show substantial leverage as we exceeded expectations on the bottom line."

https://www.globenewswire.com/news-release/2021/11/03/2326882/0/en/Magnite-Reports-Third-Quarter-2021-Results.html

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

The sp is currently down about 10%, currently showing $24.50 (9pm GMT), significantly lower than the sp at Q1, Q2.

Magnite:
Q1 10/05 $33.47
Q2 09/08 $34.26
current: $24.50
High: 09/02 $64.39

Eddie
"Increased 111 calls are one prime example"

That just shows that you are talking rubbish and are clueless.
They receive money for their NHS 111 contracts, not per call. Those contracts have a range for normal number of calls expected. If the number of calls exceeds it then they receive an additional payment.

Despite some parts of their business being closed (planned division, insourcing) due to covid, they STILL INCREASED revenues, adj ebitda and cash.

Even though they are not covid dependant.

Therefore, you're talking rubbish..

Fy results:
revenue £113.7m (fy2020 £105m)
underlyingadj Ebitda £5m fy2020 £4m
Cash £14.8m (fy2020 £8.9m)