Real Matters Inc T.REAL

Small Buybacks restarted & Short Report Increase

[alhiemstra]

Aug 19/21	Aug 19/21	Real Matters Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	-19,900	$12.31
Aug 19/21	Aug 19/21	Real Matters Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	19,900	$12.31
Aug 18/21	Aug 18/21	Real Matters Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	-36,800	$12.11
Aug 18/21	Aug 18/21	Real Matters Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	36,800	$12.11
Aug 17/21	Aug 17/21	Real Matters Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	-19,900	$12.30
Aug 17/21	Aug 17/21	Real Matters Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	19,900	$12.30
Aug 16/21	Aug 16/21	Real Matters Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	-19,900	$12.72
Aug 16/21	Aug 16/21	Real Matters Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	19,900	$12.72
Aug 13/21	Aug 13/21	Real Matters Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	-19,900	$12.89
Aug 13/21	Aug 13/21	Real Matters Inc.	Direct Ownership	Common Shares	38 - Redemption, retraction, cancellation, repurchase	19,900	$12.89

 

Short Report

Date	Number of Shares Shorted	Net Change
Aug 15, 2021	2,766,317	31,010
Jul 31, 2021	2,735,307	608,663
Jul 15, 2021	2,126,644	-568,810

[VueConnect]

$8.00

[VueConnect]

$6.00

[VueConnect]

Entry into $6s. Tech downdraft taking hold was timely to bring to this. Will it get to $4 or $5? Still too soon to enter I think. Will wait for earnings on Jan 28th. Expecting to be a general shift back to value vs growth as interest rates rise. Has been a good lesson. Will not buy this back anytime soon. So what was the effect of shares buybacks from $20s to $6s ?  It relieved bagholders

[Capharnaum]

As they said in the conference call: "The decrease in diversified revenues was due to lower commercial, search, and capital markets revenue attributed to lower market volumes and our strategic decision to rationalize the service offering. We expect that the diversified title business will be fully rationalized by the end of the first quarter in fiscal 2022." We can expect the revenues

[GOLDSILVERBAR]

Ok well, look, their cash flow just collapsed 66%, EBITDA for the first quarter went from 17.4 to 5.9M, so the shares are still trading a huge multiple based on that collapse, care to comment?

[Capharnaum]

The lack of traction related to their transition to tier 1 US Titles is certainly frustrating. It is hurting the EBITDA margin hard. If you believe management, that's the path to growing to 6-8% market share with 50-55% EBITDA net margins. When they get there, that would mean around $15M EBITDA from US titles each quarter. Current EBITDA for US titles probably isn't indicative of long run

[Deuteronomy818]

Not a short term play that's for sure!  Let's see where the bottom forms.  Wonder what if Fool will comment on this pick?

[VueConnect]

Here is an example of a company buying back shares when price is rising. REAL wasted a lot of money buying its shares back when they were expensive, Yes, the value proposition makes more sense now, but on paper that money is gone. Your money is gone. https://ceo.ca/api/sedi?symbol=IPCO&amount=&transaction=&insider= Far stronger bullish scenario

[VueConnect]

$8.89 $8.00 goal almost. If it touches $6 how long will it take to recover?