Member Info for stt1

Tricky,
That's not the case.

Look at the 1 yr graphs of Magnite, The Trade Desk etc.

During the hotly contested US Election the trend was up ACROSS THE BOARD - During Q4 and some of Q1.

Since Q1, the trend has been downwards across the board.

Check the one year graphs.

Magnite:
https://www.google.com/search?q=magnite+share+price&oq=magnite&aqs=chrome.0.69i59l3j0i271l2j69i60j69i61l2.2007j0j9&sourceid=chrome&ie=UTF-8

The Trade Desk:
https://www.google.com/search?q=the+trade+desk+share+price&oq=th&aqs=chrome.0.69i59l2j69i57j69i60l5.1519j0j7&sourceid=chrome&ie=UTF-8

Perion:
https://www.google.com/search?q=perion+share+price&oq=perion+share+price&aqs=chrome..69i57l2j69i59l2j0i271l3j69i60.1391j0j9&sourceid=chrome&ie=UTF-8

Tricky,
"So stt1 was wrong about a bubble"

Really? A 35-40% drop in sp of US ad tech companies is not a bubble bursting???

You must be the only person in the world who doesn't see a 35-40% drop in sp ACROSS THE BOARD as a bubble bursting.

Despite the strong results/forecasts..
US Peers down around 35-40% over the past few months.

Perion $25 2nd March, now $16, down 36% in only 2 months.

Magnite $62 12th Feb, now $36, down 42% in only 3 months.

The Trade Desk $903 22nd Dec peak, now $660, down 32% in only 4 months.

TLY's insourcing division should do extremely well.

The govn has provided a £1bln recovery fund for England

Even if TLY insourcing division get 10% of that, it's £100m just for the Insourcing Division.

"Every Integrated Care System – groups of health and other agencies working together to deliver services – is being asked to draw up a plan to ensure all hospitals maximise their capacity to do as many non-urgent operations as possible."

https://www.england.nhs.uk/2021/03/nhs-sets-out-covid-19-recovery-plan-for-patient-care-and-staff-wellbeing/

Magnite closed down 7%
Perion closed down 5%
The Trade Desk closed down 5%

Despite the strong results/forecasts..
US Peers down around 35-40% over the past few months.

Perion $25 2nd March, now $16, down 36% in only 2 months.

Magnite $62 12th Feb, now $36, down 42% in only 3 months.

The Trade Desk $903 22nd Dec peak, now $660, down 32% in only 4 months.

Check the sp for yourself..

"raising taxes on HB profits being a possible contributory factor "

The talk about tax on HBs to pay for cladding has been around for weeks. It just adds to the CMO ongoing investigation into leasehold scandal.

However, I think there are other factors at play over the next few months:
Govn support - furlough, Stamp Duty hol have been supporting the economy and housing market. They come to an end over the next few months.
H2B - H2B scheme is now for 1st time buyers only. The scheme is includes regional price caps, so limiting the prices HBs can charge for buyers using the scheme.
New tax on 2nd buyers.

Several providers have said they will not offer guaranteed 95% mortgages on New Builds.

New build prices fell in Jan and Feb. Have to see if that trend continues over the next few months.

dev
"MITHAQ CAPITAL ups holdings from 20.19% to 21%"

Tosca were doing similar with their rthm(now trmr) holding around the time of the previous US Elections.
They held 29% of rthm(now trmr). The eq sp rose to 589p in 2016-17 on bullish comments/forecasts before it fell on events later in 2017.

Given Tosca previously held around 29% for years, why have they been selling recently, just before the US listing?

We've been here before.

Tosca holding in rthm(now trmr) in June 2017.
http://www.proactiveinvestors.com/LON:RTHM/RhythmOne/rns/237096

Rivaldo,
"This month's SCSW was out on Saturday, so it's probably OK to post what they said last month about TRMR:"

After which the largest II, Tosca, sold shares.

If the upside is so strong, why would the largest II sell shares?
Tosca now around 40% lower than the rthm(now trmr) holding around the time of 2016 US Election.

STTsBumbag,

Labour were in power for 13yrs from 1997 to 2010. Instead of reducing the role of private companies, they actually expanded their use.

Labour created the NHS with a provision for self employed doctors (private).
Labour created NHS Direct, the predecessor to NHS 111. The Tories renamed it and expanded it.
Labour wasted billions on Private Finance Initiatives.

thousands of NHS 999 staff/ambulance staff working as self-employed or contractors.

These private organisations claiming off the NHS:
Hundreds of GPs run their practices as a business, often employing family members.
Thousands of Locum doctors/agency nurses.
Thousands of auxillary staff, cleaners, catering, laundry.
Thousands of pharmacies run as independent, claiming off the NHS. Perhaps Boots should close down as it's not an NHS company???

hundreds of GPs/Nurses/caterers/Pharmacies are suppliers/providers to the NHS and NOT directly salaried by them.

Further NHS 111 was Labour's idea, previously called NHS Direct..
https://en.wikipedia.org/wiki/NHS_Direct

Can you specify exactly which of these organisations/staff should be closed down and taken in-house???
Probably better if you do some research on the way the NHS was setup by Labour and how it has evolved over the years.

You are very naive to believe opposition parties, whoever they are. The NHS is the perfect 'football' to use to gain public support, until they gain power!!!

;-)

Sargee,
Re: Darktrace

Darktrace share surge won’t lift shadow of Mike Lynch
https://www.telegraph.co.uk/business/2021/04/30/london-float-pays-darktrace-frenzied-trading-wont-lift-shadow/

"since Autonomy days l got in because it was my friends sons company Mike Lynch junior,also blinks ."

Yep, Mike Lynch & Sushovan Hussain were both behind the Blnx IPO. Blnx renamed to rthm(now merged with trmr)

skipsharer/onehanded,

The biggest pandemic to hit the world, yet complete lack of marketing, lack of sales of byot based products at Boots, only £590k increase in global consumer sales during H1, H2 significantly lower than H1.

The rest is jam tomorrow.
They failed to seize the advantage over the past year, will they for this year?

We've been here before.

The results speak for themselves.

1gw,
Cashing in options a couple of days after publishing bullish videos hoping to push the sp up is poor judgement and highly questionable, imo. Why should PIs buy in if execs are cashing in options as soon as they can?

Re sales performance:
My posting history is clear. I've repeatedly mentioned sales are slowing down and they did.

I've mentioned Boots sales being significantly lower as the year went on. There were also a lack of TUs etc..
As expected, H2 was significantly lower than H1. Why should that downtrend change?

Where do they say in the official TU that sales in Q3 or Q4 slowed?
It's only evident when you look at the figures.

"This strong result reflects the exceptional demand for our technologies across all markets due to the covid19 pandemic, but also a secular shift towards the heightened importance of infection prevention in all our markets, which we expect to continue into the new financial year and beyond. "

https://byotrolplc.com/wp-content/uploads/2021/04/2021-04-21-TU-approved-pdf.pdf

H1 published mid-Nov, which was mid Q3 and when we were in the middle of 2nd lockdown.

Where do they say sales are impacted by lockdowns?

"The Directors are pleased to report that trading remains at healthy levels, across all business units and product sales. Demand for IP licensing remains robust, with the team exploring multiple new opportunities both in the UK and internationally. "

https://byotrolplc.com/wp-content/uploads/2020/11/Trading-Update-13.11.20.pdf

1gw
"All but 800k (presumably the CFO's) of the options were going to expire this calendar year, so there were not many windows left when they could reasonably have exercised/sold. When do you think they should have exercised/sold them if not now?"

We're in April, so it's still early part of the calendar year.

Questionable to cash in their options after publishing ultra bullish videos and a day after tstl profit warning... The timing is highly questionable and so soon as they could after the TU.

eg
Pg 72. of AR.
2019 2.8m cancelled with avg exercise price 3.77p
2020 8.5m cancelled with avg exercise price 8.9p ** the sp peaked at 9.4p after the Mail ramp....

https://byotrolplc.com/wp-content/uploads/2020/10/FY-2020-web.pdf

Boots sales significantly lower than a year ago.
H1 showed global consumer sales only increased by £590k over H1, Apr to Sept inc, which was during the higher demand period and now H2 is significantly lower than H1.

There's an element of doubt about the judgement of the management.

Plantravel
"Perhaps stt1, you could have a look at this video, because I’m sure some of the concerns you have raised (over the past year or so) for the progress and success of BYOT would be alleviated, "

Like I said Execs are paid to be positive.
Didn't stop them cashing in their options (today's rns), did it?

Bullish videos last week, bullish TU.
Tstl issues profit warning Monday.

Byot execs cash in their options.

Why sell only days after bullish videos, TU and a day after tstl profit warning?

Tosca's holding is now around 40% lower than they had in rthm(now trmr) at the time of the previous US Election, in 2016. The rthm eq sp reached 589p 4 yrs ago, just after the US Elections before falling back on events.
It is odd Tosca selling just before the forthcoming US dual listing, which is supposed to propel the sp.

In Dec the CEO sold 1/3 of his holding, also timed before the forthcoming dual US listing.

Maybe Tosca/CEO think the same thing which happened post the 2016 US Election might happen again. Who knows?

bumble,
" i would guess that the official report will be around the end of may 21 for the figures and chairman statement."

The audited fy results are due in July. They will give guidance for fy2022 and I expect will announce the fy divi at that time.

Tristel's profit warning this morning just shows how much their market is dependent on Covid.
They also say they expect the impact to continue.

Tstl states there is little sign of the slowing trend reversing by their year end, June, which is Byot's Q1 end.

"Infection prevention and contamination control company Tristel updated the market on its trading on Monday, reporting that second half sales in all markets started “very slowly” due to the impact of the Covid-19 pandemic on patient examinations."

... that trend had continued through its third quarter ended 31 March, and showed “little sign” of reversing in a meaningful way before year-end."

" it did not yet know what the pattern of Covid-19 transmission would look like over the next 12 months, adding that it was “clear that the impact of the last year will be felt throughout 2021-2022” and beyond."

https://www.sharecast.com/news/aim-bulletin/tristel-commits-to-final-dividend-despite-serious-uk-challenges--7890084.html

This follows on from Byot's TU which showed H2 was significantly lower than H1.

Sales/adj ebitda H2 v H1

Sales: H2 £4.3m (H1 £6.7m)
Adj Ebitda H2 £0.5m (H1 £1.2m)
cash £1.7m (H1 £1.7m)

https://byotrolplc.com/wp-content/uploads/2021/04/2021-04-21-TU-approved-pdf.pdf

Another CTV fraud that DoubleVerify identified and closed... OctoBot CTV scam

"DoubleVerify Puts End to ‘OctoBot’ CTV Scam

Had been going on for 18 months and connected several large fraud schemes"

https://www.tvtechnology.com/news/doubleverify-puts-end-to-octobot-ctv-scam

This was my post from Sat, re Doubleverify:

DoubleVerify is interesting, given the execs and their years of experience in working within ad tech ecosystem and trmr's model.

The CEO is ex-CEO of Telaria, demerged from Trmr (when it was Taptica) and formed partnership with Rubicon to form Magnite. Telaria demerged from trmr due to 'perceived conflict of interest'

The CMO is ex-COO (Chief Operations Officer) of rthm, now merged with trmr.

Therefore, you would have thought DoubleVerify execs know a lot about how much fraud there is within ad tech ecosystem, how it is conducted and how to detect it.

This is what Dan (ex-COO of rthm) and Doubleverify say about adtech fraud within CTV.

Dan Slivjanovski, ex COO/CMO of rthm talks about fraud and transparency within the ad tech ecosystem...

"Trust in an Ad-Supported Internet is Eroding.
Fake news, digital ad fraud, and data privacy are pressing issues threatening the trust and confidence in an ad-supported internet. "

Fraud Follows the Money
"Third-party verification has successfully reduced desktop digital ad fraud to low single digits.
Now, with mobile apps commanding more than 50% of a consumer's time online, advertiser demand for quality mobile inventory has swelled. In return, we've seen an 800% increase of in-app ad fraud. Expect that in-app ad fraud will continue to accelerate as fraud follows the money. Also, expect emerging premium, high-growth media types such as connected TV (CTV) to draw the attention of fraudsters in line with sharp increases in budget allocation."
http://www.adotas.com/2019/01/2019-ad-predictions-cmo-doubleverify/

and more recently:

Doubleverify have discovered more CTV fraud. This is likely to call for another round of calls for transparency and possible pulling back of CTV spending by advertisers, as it did in 2017.

CTV Fraud Scheme Costs up to $50m

"Discovered by digital media measurement and verification platform DoubleVerify, the scheme named ParrotTerra is estimated to have cost advertisers between USD $30m (£21.7m) and USD $50m (£36.1m) in stolen spend."

The fallout from ParrotTerra will no doubt amplify calls for greater transparency across the CTV supply chain, and more comprehensive solutions for tackling bad actors."
https://www.exchangewire.com/blog/2021/02/10/bloomberg-media-aspires-for-100m-from-consumer-subs-ctv-fraud-scheme-costs-up-to-50m/

Telaria (Magnite) reasons for selling their TremorDSP.. 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

gdog,
Mark Zagorsky.

See my post from Sat re the execs of Doubleverify and Trmr/rthm/telaria.
https://www.lse.co.uk/profiles/stt1/

Tosca held around 29% of rthm(now trmr) in 2017 just after the previous US Election, in 2016.
https://www.sec.gov/Archives/edgar/data/1713721/000119312518021752/d399085df4a.htm

Now down to around 17%, 40% lower than their holding in rthm, weeks ahead of US Listing, which is supposed to propel the company nearer to their US peers.
I find it odd they sold so much just before the US listing, especially given they have been a holder of rthm(now trmr) for many years.

For me, Tosca's significant reduction in holding and the increase in Shares on Loan raises questions...

According to Euroclear, shares on Loan(SoL) have now increased 4 months in a row, since the sp started moving up.
SoL are have now doubled over the past 6 months.

Oct 1547922 1.25%
Nov 1457233 1.18%
Dec 1265065 1.02%
Jan 1382006 1.11%
Feb 2158481 1.74%
Mar 2941789 2.37%
https://www.euroclear.com/en.html

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