Member Info for stt1

Well, with the so called strong results, the sp should have continued to surge, shouldn't it. The buy backs have helped the sp rise.

We're been here before with rthm(now trmr).

Several posters have been holding rthm(as blnx) when the eq sp was around 2800p in Jan 2014.
They were holding when the rthm eq sp was 589p in 2017.

On both occassions the sp fell based on events.

I think it posters are expecting similar hence why they are not loading up at current prices but want others to...

Is this a re-run of previous rises on bull TU and falls after results - 2016-17?
**************************************************************************
Repeat of rthm(now merged with trmr) inflection point...bullish comments after the 2016 US Elections. The rthm eq sp was around same sp, 589p then, followed by fall in eq sp towards 100p, as expected....and eventually being sold off (merged with trmr).

More CTV ad tech fraud exposed. Adding to the ex-COO of rthm(now trmr) concerns over Ad tech fraud following the money.

"SneakyTerra" CTV Ad Fraud Scheme Revealed; Adwanted Acquire Mediatel Shares

https://www.exchangewire.com/blog/2021/03/08/sneakyterra-ctv-ad-fraud-scheme-revealed-adwanted-acquire-mediatel-shares/

As the ex-COO of rthm(now merged with trmr) said a couple of years ago, "Fraud follows the money".

For someone who worked within ad tech as a Chief Operating Officer for years, he would know what goes on.

CTV fraud discovered since Dec.

"Trust in an Ad-Supported Internet is Eroding.
Fraud Follows the Money
http://www.adotas.com/2019/01/2019-ad-predictions-cmo-doubleverify/

Fraud discovered 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/

Oracle Exposes Largest CTV Ad Fraud Operation Ever

https://www.oracle.com/news/announcement/oracle-exposes-ctv-ad-fraud-operation-121720.html#:~:text=The%20StreamScam%20operation%20exploited%20flaws,3%2C400%20unique%20CTV%20device%20models.

Following the Methbot fraud, a lot of companies with ad tech ecosystem had to adapt, evolve or die.

As an example, Sizmek, also offered CTV, filed for Chapter 11 bankruptcy.
https://digiday.com/media/tip-ice-berg-sizmek-saga-spells-trouble-ad-tech/

I think US is in an ad tech bubble and will burst. I'm keeping an eye it and the following:
watching Ad tech companies:

1) Investigations and changes to ad tech model, especially gdpr/ccpa/privacy and rtb, increasing industry challenges this year.

2) investigations into Ad tech fraud

3) court cases affecting ad tech companies
Should hear about more court cases this year.

Any major negative newsflow and the ad tech bubble can burst.

Rusty
" I think the fact they have mentioned Nasdaq listing means they are pursuing it."

I suspect they mentioned dual-listing because of speculation on social media/BBs.

Yume (now part of Trmr) were Nasdaq listing, paid divis, buy backs, CTV offerings and it made no difference to their valuation or prospects.

From the results:
The net cash from operating activities was $10m lower than 2019.

So the busier they are, the more cash they need - to pay for inventory payments. This is because the company has to pay their partners usually in about 60days, whilst they receive money in about 90days.

"Net cash from operating activities of $35.2 million (2019: $45.1 million) mainly due to working capital requirements during record H2 and Q4 2020 performance"

"Although the Company have paid dividends and share buybacks in the past, the Company does not anticipate paying any dividends in the foreseeable future. The Company currently intend to retain future earnings, if any, to finance operations and expand its business. "

https://www.tremorinternational.com/wp-content/uploads/2021/03/TRMR-Final-Results-100321.pdf

NHS Waiting lists for England at record high. NHS will need TLY's insourcing division to help to reduce the backlog.

Covid-19: NHS waits at record high as second wave hits care

"Less than half the expected number of operations were done, pushing the waiting list to a record-high of 4.6m.

More than 300,000 of those have been waiting more than a year for treatment - compared to 1,600 before the pandemic began.

Surgeons described it as a dire situation which would take a long time to turnaround."

https://www.bbc.co.uk/news/health-56360645

Stevie
"Maybe the best option is to increase the buyback. "

How would they do that? The court limited them to max $20m over 6months. All they can do is to restart a new buy back program after the current one has finished, 31st March.
The are retaining earnings for finance their operations, which isn't surprising given the huge amount of cash which is needed to pay for inventory payments

"On December 17, 2020 the Company has received approval from the Israeli court
authorizing the distribution of a dividend and the repurchase of up to USD 20,000
thousand of the Company's Ordinary Shares, if the Company elect to do so.
On December 22, 2020, the Company's Board of Directors has approved another share buyback program for an aggregate purchase price of up to USD 10,000 thousand.
Although the Company have paid dividends and share buybacks in the past, the Company does not anticipate paying any dividends in the foreseeable future. The Company currently intend to retain future earnings, if any, to finance operations and expand its business."

https://www.tremorinternational.com/wp-content/uploads/2020/12/TRMR-Share-Buyback-and-Dividend-Distribution-Update.pdf

the 144k sell was on its own as well.;-)

and again followed by a 100k sell.

Rotation by same person...

Rivaldo,
The 250k trade at 8.40 was cancelled.
There was then another 250k, followed by a 200k sell only a couple of mins later.

Seems like someone's buying then cancelling/selling majority. Same person rotating???

The fy ends 31st March and there should be a TU in April.
I'm sure the company will provide the clarification to ease Eddie's and Radium's minds on their points.

I'm not concerned at all.

Gino,
Have I touched a nerve?
1. Constantly state his view that the ad-tech bubble will burst.

BBs are better when posters can express their opinions. I think there is a US Ad tech bubble and back it up with reasons.

2. Use data from the past from the businesses Tremor have acquired and are no longer relevant to the business in its current shape.

It's up to individuals to decide what is relevant or not. I provide company/sector newsflow and back it up with links. Today's bear points were from today's results, so hardly old. There's a distinct lack of posts to do with today's results/company or sector newsflow.

3. Ask posters if they are prepared to load up at £x price (none of his business)

Several posters have been here since rthm(as blnx) were eq sp of 2800p. And during previous US Elections when rthm eq sp rose to 589p before the sp fell to around 100p.

If posters won't back their conviction and buy at these levels then why try and persuade others?

4. State that the CEO sold 1/3 of his share

The CEO sold 1.7m shares in Dec. He knows more about the business than anyone else. I think the CEO selling a huge chunk of his holding is a red flag. Others may disagree but that's my opinion.

5. “Despite the US elections....”

The US Elections were hotly contested, so therefore you would expect a huge increase because of them. Trmr state performance improved in H2/Q4 so it's more than a coincidence that performance improved at the same time as the hotly contested US Elections. Again, it's my opinion.

6. Use cut and paste articles from the past to try to support this diatribe.

I post company/sector newsflow and back them with articles/links. Anything which isn't backed up is speculation. What's stopping you or anybody else posting and backing up your posts???

7. Try to profess that posters should consider both Bull and Bear posts (even though he hasn’t made one Bull post on Tremor, and it’s previous guises in over 10 years)

What's stopping you or anybody else posting bull/bear posts. Everybody should read both bull/bear points and form their own opinion. It's their money.

Dynaheir
"What centralisation? Please provide a link or something to back up such a statement."

Yes, Eddie, you made a statement about centralisation. Provide some evidence or were you making it up?

from today's results:

Despite the hotly contested US Election, the increases due to covid:

Total net revenue increased by only 12% to $184.3 million (2019: $164.0 million). Only $20m!!
Adj Ebitda up only £100k(2019 $60.4m)

No divi in foreseeable future. Retaining future earnings to finance operations.

These figures include a full year contribution from Unruly(2019 nil) and rthm(fy2019 8 months)

""The Company traded strongly during 2020 as a whole, achieving a 12% increase in net revenues to 184.3 million (2019: $164.0 million), primarily driven by the performance of our Programmatic activities generating an increase of 30% to $161.6 million (2019: $124.2 million) as a result of our strategic shift to focus on our Programmatic activities as a key growth driver""

https://www.tremorinternational.com/wp-content/uploads/2021/03/TRMR-Final-Results-100321.pdf

"Retain earnings to finance operations.".
This sends out a mixed message, for future, from their Dec statement when they said they were in a position to pay dividends or buy backs.

Because of the way ad tech model works, companies need huge cash piles to pay for inventory.

Will they renew the buy backs post 31st March or stop those as well?

Remember Sizmek filed for Chapter 11 bankruptcy even though they had lots of cash.

https://digiday.com/media/tip-ice-berg-sizmek-saga-spells-trouble-ad-tech/

Following on from Methbot fraud in 2017, after which a lot of advertisers/publishers reduced the number of players they were using within ad tech ecosystem.

As the ex-COO of rthm(now merged with trmr) said a couple of years ago, "Fraud follows the money".

For someone who worked within ad tech as a Chief Operating Officer for years, he would know what goes on.

It seems he was right.

Look at the CTV fraud discovered since Dec.

"Trust in an Ad-Supported Internet is Eroding.
Fraud Follows the Money
http://www.adotas.com/2019/01/2019-ad-predictions-cmo-doubleverify/

Fraud discovered 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/

Oracle Exposes Largest CTV Ad Fraud Operation Ever

https://www.oracle.com/news/announcement/oracle-exposes-ctv-ad-fraud-operation-121720.html#:~:text=The%20StreamScam%20operation%20exploited%20flaws,3%2C400%20unique%20CTV%20device%20models.

Following the Methbot fraud, a lot of companies with ad tech ecosystem had to adapt, evolve or die.

As an example, Sizmek, also offered CTV, filed for Chapter 11 bankruptcy.
https://digiday.com/media/tip-ice-berg-sizmek-saga-spells-trouble-ad-tech/

I think US is in an ad tech bubble and will burst. I'm keeping an eye it and the following:
watching Ad tech companies:

1) Investigations and changes to ad tech model, especially gdpr/ccpa/privacy and rtb, increasing industry challenges this year.

2) investigations into Ad tech fraud

3) court cases affecting ad tech companies

Should hear about more court cases this year.

Any major negative newsflow and the ad tech bubble can burst.

We're been here before with rthm(now trmr).

Several posters have been holding rthm(as blnx) when the eq sp was around 2800p in Jan 2014.
They were holding when the rthm eq sp was 589p in 2017.

On both occassions the sp fell based on events.

I think it posters are expecting similar hence why they are not loading up at current prices but want others to...

Re-run of 2016-17 anyone?
**************************
Repeat of rthm(now merged with trmr) inflection point...bullish comments after the 2016 US Elections. The rthm eq sp was around same sp, 589p then, followed by fall in eq sp towards 100p, as expected....and eventually being sold off (merged with trmr).

In Apr 2019, rthm merged with trmr, they announced bullish comments.
**********************************************************************
Just few months later:

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

" 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? - AS EXPECTED

"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 - AS EXPECTED

"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/

Everyone should read company/sector news and form their own opinion. It's your money.

Bear points:

Despite the hotly contested US Election:
Total net revenue increased by only 12% to $184.3 million (2019: $164.0 million). A tiny $20m increase in net revenue!!
Adj Ebitda up only £100k(2019 $60.4m). Adj ebitda was up significantly during H2, which was during the US Election. No US Election for another 4 yrs.

Those small increases in figures despite a full year contribution from Unruly (2019 nil) and Rthm (fy2019 8 months)

No divi in foreseeable future as they need the money to finance operations and growth.

Ad tech companies need lots of money to finance inventory payments.

Begs the question. Will they renew buy backs post 31st March?

https://www.tremorinternational.com/wp-content/uploads/2021/03/TRMR-Final-Results-100321.pdf

Gdog,
"Net Revenues generated from CTV increased by 164% in the full year when compared to 2019."

Despite the hotly contested US Election:
Total net revenue increased by only 12% to $184.3 million (2019: $164.0 million). A tiny $20m increase in net revenue!!
Adj Ebitda up only £100k(2019 $60.4m). Adj ebitda was up significantly during H2, which was during the US Election. No US Election for another 4 yrs.

Those poor increases in figures despite a full year contribution from Unruly (2019 nil) and Rthm (fy2019 8 months)

No divi in foreseeable future as they need the money to finance operations and growth.

Begs the question. Will they renew buy backs post 31st March?

More on ad tech privacy/Google

Hey Google! So, What’s Next for Ad Tech?
The biggest company in advertising just issued a statement raising more questions than it has answers

https://www.adweek.com/media/hey-google-so-whats-next-for-ad-tech/

Pubmatic down -8%
Magnite down AGAIN -5%
Peri down -9%

1) Investigations into ad tech model should increase this year. These were postponed due to covid. RTB is centre to ad tech model and IAB's model is being questioned.

Data privacy legislations in 2020 and trends to watch out for in 2021

"Year 2020 saw a number of significant developments around data privacy legislations around the world. The pandemic-induced “new normal” has brought up new concerns around data privacy, making the case stronger for stringent data privacy laws in 2021."

https://www.geospatialworld.net/blogs/data-privacy-legislations-in-2020-and-trends-to-watch-out-for-in-2021/

2) investigations into Ad tech fraud

Look what the ex-Chief Operating Officer of rthm(now merged with trmr) wrote a couple of years ago. This was soon after rthm/yume takeover. 4 months later rthm merged with tap to form trmr.

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. While advertisers continue to demand transparency of their partners downstream, even going so far as to hold budgets hostage, consumers who have enjoyed positive, emotional connections with their brands online‚¬are at risk of turning off due to privacy concerns. Stakeholders will expect even greater clarity and accountability in the quality of the online platforms and content that they invest behind"

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/

3) court cases affecting ad tech companies

Any major NEGATIVE newsflow and the ad tech bubble bursting.

Radium
"Having watched Perion's Investor Day podcast, I have to say that this is one very impressive and interesting little company."

Doesn't look like the market is impressed though, they are down 9%.

They currently down 9%