The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
dynaheir,
Non-cash impairments reduce earnings but not cash flows.
doggy,
Sorry, not 'obtuse' is what I meant.
doggy,
Not obstruse at all - but you seem slightly abstruse at times.
The markets seem thuswise at times too.
dynaheir,
It is important to understand the context behind the figures you quote.
FCF could be high whilst net income is low.
Not saying this is the case for TLY but you have to be aware of the limitations.
doggy,
Tremor's management are mounting another buyback, suggesting they are confident in the company and believe the sp will improve eventually.
They are taking advantage of the current low market-rating.
Cash is king and of course they could just sit on it, but instead they are placing their bets such that they will buy more 'cheap' shares if the price decreases further.
It would be a management mistake to believe that the sp will never recover.
doggy,
The only downside I would see is if the buyback costs per share exceeded the SBC shares 'gifted'.
Then the 'compensation' would cost more and also be worth less to the employees.
doggy,
SBC is a non-cash item either way, it is an operating expense.
It might sound like a bending of logic, since it allows companies to evade the cash flow test.
Not sure how much of a divi you would get out of $20 Million.
surprised,
You rely heavily on investor magazines to make totally stupid comments.
Private healthcare is damaging the staffing crisis in the NHS.
The great majority of clinical staff that work in private healthcare have been trained by the NHS, largely at the expense of the taxpayer. Private health providers do not carry the direct or indirect costs of this training. NHS hospitals have the responsibility to provide comprehensive 24/7 services, not only in A&E, but in most other medical and surgical specialties, whereas private healthcare providers can steer clear of such commitments. The way in which VAT is applied to many drugs, devices and equipment is less favourable to NHS hospitals than to private providers.
These factors allow private health providers to undercut NHS providers when bidding for contracts to treat NHS patients.
In many specialties the income, from a steady flow of predictable elective and outpatient work, heavily subsidizes the cost of providing round-the-clock emergency care. If elective care is contracted out to private providers, there is a strong possibility that your local hospital will be unable to continue to provide the level of urgent care that patients previously enjoyed. It also has an impact on training.
Surgeons in training require exposure to the learning that comes from operating, under appropriate supervision, on patients in the controlled setting of “routine” operating sessions: if this work moves to the private sector, it can take much longer to build up the expertise and confidence of the next generation of surgeons.
Many of our parliamentarians, in every major party, have financial links to the private healthcare industry; the revolving doors between the civil service and commerce are spinning rapidly; and many senior doctors are also able to spot commercial opportunities.
Unfortunately, this approach seriously undermines the NHS.
SNN,
Tremor has recently bought has bought back shares below the Nasdaq listing price.
I am not sure how this sits with American investors.
Radium, some time ago the top shareholders were alleged (by Sky news reports?) to have asked management to conduct a strategic review and a buyback.
There seemed to be some reluctance to mount a buyback and presumably the acquisition of Amobee satisfies the review request.
Thanks Radium,
Not sure which adtech companies will become even more vulnerable in the current and foreseeable conditions.
At least we have cash and reserve shares as a war chest.
I too suspect Amobee will be vital for the next big thing, TV and CTV Performance measurement.
Ofer does seem to be onto new developments and quite intelligent, albeit rather greedy when he gets half a chance.
The million dollar question surely is 'what difference has the SBC made to the share price?'
Plus, perhaps, 'what share price level would justify the SBC?
Also 'what have the latest results done to the share price?
Radium, agreed, those IC guys are akin to horse racing tipsters.
They paint the positives alone and even then they do it on false ideas.
Investors Chronicle paints a distorted picture.
TLY use the same staff as the NHS.
In surgery the surgeons get two fees, one from the NHS and one from private care.
The anaesthetists get only the NHS fee.
Buying back shares may be regarded as a sign of management’s confidence in a company's prospects; however, if the shares subsequently slide for any reason, that confidence was misplaced.
A company buying an overvalued stock is destroying shareholder value
doggy,
Yes! We have witnessed High Frequency or Algo-trading, exploiting the fact that Tremor trades on different exchanges, thereby creating arbitrage opportunities.
Once Tremor listed on Nasdaq the situation blossomed, with buybacks (on the Nasdaq) allowing even more opportunities.
The buyback therefore has fed fuel to the fire.
Is the buyback ended now?
If so, will the algo-trading subside, it has seemingly cost us more than it might otherwise?
doggy,
Too true, hang on to what you've got.
I'm sick of implants, one became infected and I had to have it scraped after removal and yet it's
infected again now.
Not sure what part of Oregon the dude was from exactly.
He kept asking the bar for 'Rocky' I think he meant Raki drink.
It's the national drink of Turkey, very potent apparently.
By the way, I was 15 years old when I first flew over to France and caused some upset when I refused to kiss my cousin on both cheeks.
It just seemed wrong at the time, being young and trying to act tough I guess.
doggy,
The weekend is upon us, so I am allowed to digress a little.
I Met a young guy from Oregon in Turkey (Antalya) last week.
We were both having dental implants and staying at a local hotel.
(It appears the cost for implants is prohibitive in the U.S. too.)
Anyhow, the guy was imbibing liquor, boasting about his prowess with the ladies
and occasionally approaching people for man-hugs.
Americans seem to have started this trend and I find it quaint somehow.
I can't always hug someone unless it feels appropriate - but is it rude to avoid a hug?