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Eddie,
I was expecting the sp to move up. It's called following the US Ad tech bubble.
Are you backing your conviction and loading up at 500p+++ and holding onto them?
You won't reply nor load up and hold because you know they are in a bubble.
Can you please post the bull points for all newbies to read?
bald,
Keep buying... Are you loading up at 500p+++ ?
The CEO sold 700k shares in Dec!!
Eddie,
Are you backing your conviction still loading up at 500p+++ or hoping to break even on the rthm shares you bought all the way down from eq sp of £28(new money)?
There are several on here who held when rthm(now merged with trmr) were at eq sp of £28(235p old money), 7 years ago and want to recover their paper losses.
TLY operates 3 subsidiaries, Urgent Care, Planned Care and Insourcing.
These figures upto fy2019 are without Insourcing (the division was setup in Oct 2019) contribution and only a small contribution towards fy2020 and H1-2021. For H1-2021, Insourcing and Planned Care didn't contribute for the full half, as they were stopped for most of during Q1, due to the 1st lockdown.
(The figures do include acquisitions)
Last 5 years:
period revenue, cash, profit/loss
2015 £0.6m, £0.4m, £0.4m
2016 £4m, £1m, £1.4m
2017 £21.3m, £11.3m, £5.6m
2018 £42m, £10.2m, £0.2m
2019 £78m, £7.5m, £1.1m
2020 £105m, £8.9m, £4m
H1-2021 (Sept 2020)
revenue: £54m(H1-2020 £49m),
Gross profit: £10.2m(£9.8m)
Ebitda £2.3m (£1.3m)
Cash £12.3m (March 2020 £8.9m)
Gross margins up
Paying dividends.
Interims H1-2021:
https://polaris.brighterir.com/public/totally/news/rns/story/xl6lo3x
This was their Investor presentation from November..
https://www.investormeetcompany.com/totally-plc/register-investor
The scsw article may result in further sp rising with traders coming in then out but look at the facts.
Facts - Over the past year.
For fy2019(published March 2020), they announced a huge increase in debt provision to $22m from $2.8m.
H1-2020 (pub Sept 2020) - They announced a huge $30m loss for H1-2020.
Dec 2020 - The CEO then sold 1/3 of his holding last month.
From fy2020 results, published March 2020:
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
H1-2020 Interims, published Sept 2020, 4 months ago
$30m loss
https://www.tremorinternational.com/wp-content/uploads/2020/09/TRMR-Interim-results-Q3-2020-Trading-Update-220920.pdf
The CEO then sold 1/3 of his holding last month.
https://www.tremorinternational.com/wp-content/uploads/2020/12/TRMR-Director-Dealing-16.12.20.pdf
Look at the chart from Nov. Magn up 4x, Trmr up 2.5x.
I think there is a US Ad tech bubble.
The graphs show Trmr is rising on the back of the ad tech bubble and not anything Trmr specific...
On the back of the hotly contested US Elections, which saw the biggest ad spend ever and covid lockdown/restrictions. No US Election for another 4 yrs.
Trmr:
https://www.google.com/search?q=tremor+international+share+price+historical&oq=tremor+international+share+&aqs=chrome.1.69i57j69i59j0i324i457j0l2j69i60l3.12167j0j4&sourceid=chrome&ie=UTF-8
Magn:
https://www.google.com/search?q=magnite+share+price+history&oq=magnite+share+price+history&aqs=chrome..69i57j0i22i30i457.9607j0j7&sourceid=chrome&ie=UTF-8
Rusty
"On a different note. STT1, Please listen to the presentation from Tremor, and when you have watched, you can advise us of your wisdom, and why you are right, and YOU know more than the company."
Rthm(now merged with trmr) also used to publish bullish investor presentations. Why is this any different?
Remember 2016-17, after the previous US Presidential Election, the rthm eq sp rose to 50p, old money or around 580p new money. Tosca held 29% and bullish noised were coming out of rthm.
Look back at my posts, I questioned the full stack model.
Then industry challenges hit as I've mentioned in the past, M&A activity increased, those who didn't adapt fast enough fell aside, eg Sizmek, who also offered CTV but filed for Chapter 11 bankruptcy.
Telaria, who were part of trmr(as TAP), demerged from trmr citing customer perceived conflict of interest as the reason for doing so.
Telaria then merged with Rubicon to form Magnite.
Magnite is a merger with Telaria and Rubicon. They merged because of Industry Challenges, resulted in M&A.
Crucially, Telaria were previously part of Trmr(as TAP). and demerged stating the following.
Telaria's 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 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/
So where's the evidence it is any different this time?
slider,
No. the shares went ex-divi yesterday. However I think the growth story here is greater than the interim 0.25p divi.
"This interim dividend will be paid on 26 February 2021 to shareholders on the register as at 29 January 2021. The shares have an ex-dividend date of 28 January 2021."
https://polaris.brighterir.com/public/totally/news/rns/story/xpppm3x
There was a large £484k sell at 4.03pm on Friday. Somebody seems to be offloading.
Facts over the past year.
For fy2019(published March 2020), they announced a huge increase in debt provision to $22m from $2.8m.
H1-2020 (pub Sept 2020) - They announced a huge $30m loss for H1-2020.
Dec 2020 - The CEO then sold 1/3 of his holding last month.
From fy2020 results, published March 2020:
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
H1-2020 Interims, published Sept 2020, 4 months ago
$30m loss
https://www.tremorinternational.com/wp-content/uploads/2020/09/TRMR-Interim-results-Q3-2020-Trading-Update-220920.pdf
The CEO then sold 1/3 of his holding last month.
https://www.tremorinternational.com/wp-content/uploads/2020/12/TRMR-Director-Dealing-16.12.20.pdf
Leo
"How this share has changed since the Blinkx days."
In what way do you think it has changed?
The current trmr sp (well 530p is) is equivalent to blnx 45p - the IPO price.
The business model is the same as rthm(blnx).
There was a large £464k sell at 4.03pm.
Leo373,
Blnx/rthm to trmr
rthm/blnx
2017 10:1 consolidation
https://www.stockmarketwire.com/article/5678159/RhythmOne-share-consolidation-approved.html
2019 rthm merger with Trmr was 28:33.
Blnx IPO'ed at 45p which is eq to 530p in today's money.
Blnx sp reached £28 (today's money) in Jan 2014.
Winstanley,
Debt provision.
" dose anyone wish to elaborate on debt provision?"
Have a look at when they increased the debt provision. That will give you an idea of how significant it is.
For fy2019(published March 2020), they announced a huge increase in debt provision to $22m from $2.8m.
H1-2020 (pub Sept 2020) - They announced a huge $30m loss for H1-2020.
Dec 2020 - The CEO then sold 1/3 of his holding last month.
From fy2020 results, published March 2020:
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
H1-2020 Interims, published Sept 2020, 4 months ago
$30m loss
https://www.tremorinternational.com/wp-content/uploads/2020/09/TRMR-Interim-results-Q3-2020-Trading-Update-220920.pdf
The CEO then sold 1/3 of his holding last month.
https://www.tremorinternational.com/wp-content/uploads/2020/12/TRMR-Director-Dealing-16.12.20.pdf
Rusty,
"in Tremor terms that would be over £20. Or am I just dreaming."
old blnx to new trmr would be £28.
2017 - 10:1 consolidation in 2017
followed by 28/33 merger with Trmr
Blnx IPO'ed in 2007 at 45p, old money, 530p new money but there were several placings/dilution along the way.
They are loss making and have a huge debt provision.
March 2020 - For fy2019, they announced a huge increase in debt provision to $22m from $2.8m.
Sept 2020 - H1-2020 They announced a huge $30m loss for H1-2020.
Dec 2020 - The CEO then sold 1/3 of his holding last month.
From fy2020 results, published March 2020:
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
H1-2020 Interims, published Sept 2020, 4 months ago
$30m loss
https://www.tremorinternational.com/wp-content/uploads/2020/09/TRMR-Interim-results-Q3-2020-Trading-Update-220920.pdf
The CEO then sold 1/3 of his holding last month.
https://www.tremorinternational.com/wp-content/uploads/2020/12/TRMR-Director-Dealing-16.12.20.pdf
I'm expecting a TU over the next couple of weeks.
The interim dividend is due next month and needs a rns to confirm, with divi ex-date.
I would expect a TU at the same time, stating how their 3 divisions are trading.. Especially given the current situation with vaccinations, testing and increased waiting lists.
Interims:
"The Company is proposing to pay an interim dividend of 0.25 pence per ordinary share (H1 2019: 0.25p) in February 2021. The interim dividend will be formally declared and announced ahead of its proposed payment in February 2021. The board remain confident in the Group's future prospects."
https://polaris.brighterir.com/public/totally/news/rns/story/xl6lo3x
Tricky
"Private Marketplace Places provide high-quality video supply, via auction-based marketplaces to top-tier clients who choose to work with their preferred DSP."
Both companies offered PMP, so it's nothing different from what rthm were already offering, which was my question.
Trmr's model is based on rthm's. Therefore, it is relevant how they have performed.
Rthm have been making losses for years.
Trmr made a $30m loss for H1-2021, published only 4 months ago.
The main difference is Trmr include Unruly.
Question is if Unruly
So what have trmr achieved or is different to what rthm were doing?
Article stating Trmr already offering PMP, in fact several PMPs, according to them.
"Tremor is already in the market with several private market packages."
https://www.nexttv.com/news/tremor-video-dsp-rhythmone-team-for-private-marketplaces
Trmr
Trmr's last 3 yrs:
period, revenue,adj ebitda, cash (all $)
2018 276.9m 44.1m 54.4m *** without any contribution from rthm.
2019 325.8m 60.4m 76.9m *** with 8 month contribution from rthm, nil from Unruly.
2020e 404-408m, 58-60m, 96m *** with FULL YEAR contribution from rthm & Unruly.
Interims showing $30m loss
https://www.tremorinternational.com/wp-content/uploads/2020/09/TRMR-Interim-results-Q3-2020-Trading-Update-220920.pdf
Tricky
"what has been achieved already."
Please enlighten me as to what has been achieved and how it differs from what rthm were doing?
PIs would benefit from discussing the company/sector and allowing them to make an informed decision as to whether they wish to invest or not.
Tricky
"It's a complete waste of time raking up old figures,"
Read my post. I posted the last 3 years figures for Trmr, in reply to Wouterius' assertion that "And Tremors growth figures are already telling their own story."
The 3 years of figures, ex-rthm, inc rthm, inc Unruly, shows how the company has actually performed.
period, revenue,adj ebitda, cash (all $)
2018 276.9m 44.1m 54.4m *** without any contribution from rthm.
2019 325.8m 60.4m 76.9m *** with 8 month contribution from rthm, nil from Unruly.
2020e 404-408m, 58-60m, 96m *** with FULL YEAR contribution from rthm & Unruly.
My post also states rthm figures and I commented " also operating a full stack,". Given that Trmr operate a full stack based on rthm's model, their figures are relevant to show that, despite using a full stack, they didn't show a growth story either.
Trmr's recent TU shows a rise in revenues during Q4 - the same qtr the hotly contested US Elections took place and the next one is in 4 yrs.
wouterius,
"And Tremors growth figures are already telling their own story."
Do they? The facts say otherwise.
I think fy2021, in a year's time. If they grow revenues/adj ebitda, without clouding of the figures with acquisitions then people can say the company has turned a corner.
Rthm(now trmr) earned $255m for fy2018 alone, just a year before they merged in Apr 2019.
Unruly(now trmr) earned $43m revenues, earned 6 months before being acquired by trmr
period, revenue,adj ebitda, cash (all $)
2018 276.9m 44.1m 54.4m *** without any contribution from rthm.
2019 325.8m 60.4m 76.9m *** with 8 month contribution from rthm, nil from Unruly.
2020e 404-408m, 58-60m, 96m *** with FULL YEAR contribution from rthm & Unruly.
The speculation after rthm & Tap merged in 2019 was for $700m revenues for fy2019. Yet they managed under 1/2 that.
https://www.thedrum.com/news/2019/01/30/rhythmone-and-taptica-plot-merger-compete-with-google
rthm(now merged with trmr), also operating a full stack,
fy2015 $214.9m $95.7m ($20.8m)
fy2016 $166.7m $78.4m ($92.3m)
fy2017 $175m $75m ($18.7m) *(inc Perk acquisition q3 2017)
fy2018 $255m $27m ($13.8m) (inc Rad1 & Yume acquisitions)