Tremor International - programming in on a share price doubling?
This group is a global leader in video, data and CTV advertising technologies.
Wednesday’s Trading Statement indicated that the year to end December is going to be better than hoped.
Apparently strong demand in Q3 has helped to confirm management hopes of around $350m revenues and $33m adjusted EBITDA for the full year to end December.
Following a strong share price spurt to 200p a few days ago, from its August 120p, the reaction to 175p on Tuesday of this week was bettered by the shares recovering with some verve to the current 215p.
The highest touched price was in February at 222p, so not quite hitting my TP.
The company’s brokers have retained their price pitch at a whopping 500p.
(Profile 16.01.20 @ 156p set a Target Price of 235p)