Xlmedia Share Discussion Threads

[rivaldo] 28/3/2017 13:38

Bizarre that institutional investors are prepared to stump up £70.6m for XLM shares, yet here we are with PIs now able to buy at slightly less than the 110p placing price. An opportunity imho.

Shaun, I assume you've read back on the thread to catch up on the placing news?

[oneillshaun] 28/3/2017 12:42

what is this drop about?

Very tempted to buy back in I know i am not to late for the big show.

[busterdog2] 28/3/2017 10:22

Hitting a few stop losses?

[pshevlin] 28/3/2017 09:45

Should be one or more RNS shortly to say who has bought all the shares.

[rivaldo] 28/3/2017 09:20

Given the placing of over £70m of shares today, plus the earlier placing, it's a bit of a truism, but nevertheless it was good to see Berenberg note the "significant investor demand" in today's RNS.

The post-results presentations and outlook in the City must have been extremely impressive.

[rock star] 28/3/2017 09:04

A move off AIM to the main market would be a major positive. It will consolidate and then move on imho.

[adamb1978] 28/3/2017 08:19

This placing is actually quite a major event in my mind - XLM's share price is held back by being Israeli and trading on AIM. To move to the main market they needed to increase the free float and move their HQ. I've emailed the CEO about this several times so very pleased to see the first step taken.

Given the growth, cash generation and yield of XLM, it is was on the main market (or Nasdaq, if it meets the requirements, which I'm not sure it does) rather than AIM it would trade on a far higher multiple. It also puts the company in play more and will help bring in other shareholder who were deterred by the small free float.

Very, very good news in my view

[pshevlin] 28/3/2017 08:09

Big vote of confidence in the company IMO. Price would probably have been decided on days ago hence the discount but even the that was a very good deal for both seller and buyer considering the size.Wonder who bought them?

[tdog1975] 28/3/2017 08:08

Nice, all sold that quickBuying today as you don't buy that qty without some clear views

[gersemi] 28/3/2017 07:43

64m trade just reported - 110p

[closetinvestor] 28/3/2017 07:40

CEO purchased 1M shares as part of this!

[busterdog2] 28/3/2017 07:35

There you go, all sold at a small discount.

[rivaldo] 27/3/2017 22:47

Agreed nfs - the point made above about an overhang being cleared is a good one.

Hopefully as is usual in these situations it'll all be done and dusted tonight with an RNS to follow first thing tomorrow.

[nfs] 27/3/2017 18:18

I think it's positive, clears out a huge 'in one go' bunch of shares to willing buyers

[closetinvestor] 27/3/2017 17:53

Might be bit of volatility first thing tomorrow. However, if the original investors wanted out for some time now, then in longer term it might be a good thing they sell out completely now, as shares (hopefully) fall onto holders with longer time horizons and hopefully push the shares forward eventually, as the underlying business is profitable with no known issues.

Will be interesting to see what price they get. Ory Weihs, purchased 110,000 shares a few days ago at 111p,

[housemartin2] 27/3/2017 17:52

I suppose you could regard this as an overhang being cleared (assuming there is sufficient institutional appetite - which there definitely was in Feb and I would not imagine they would have proceeded with this exercise without having a pretty good idea that these would shift.I think this is the way these things are done in the real world)

[busterdog2] 27/3/2017 17:41

It didn't seem to do the share price any harm when they sold in February, quite the opposite in fact.

[housemartin2] 27/3/2017 17:34

Ooo Can't decide if this is good news or not. Clearly from the 'Strategic Review' & before that Wepals wanted out so I guess this was only a matter of time. Could be interesting price action tomorrow ??

[busterdog2] 27/3/2017 16:48

There you go cg, another 64 mill up for grabs.

[cg8riverside] 27/3/2017 12:37

Planets aligning with this one. I've continued to top up in chunks since the presentation at 106, 112 and on Friday at 121. Synergistic share price rises look set to contunue as we appear to be in the midst of a deserved re-rating. This combined with strong organic growth, juicy dividends and the prospect of continued acquisitions make XLM a rather salivacious prospect from where I'm standing.

[rivaldo] 27/3/2017 09:06

Three separate buy trades of 66,773 shares at 120p reported already this morning.

[tomstone12] 24/3/2017 11:49

hxxp://www.xlmedia.com/email-alerts/

just signed up, this is new I think

[tomstone12] 23/3/2017 14:29

this we like!

[cg8riverside] 23/3/2017 13:29

Been reading up on Catena Media which you would describe as the only true comparable/competitor in this sector. They are growing quickly through an aggressive acquisition strategy and are valued on a much higher PE on the Stockholm exchange. I got the sense from Ori at the presentation that he knew this company very well and was not threatened by them. In fact he commented that XLM had done due diligence on 80% of the companies acquired by Catena and said "Thanks, but no thanks". It's reassuring to know that Ori & the team are only on the lookout for acquisitions that are truly value acretive and enhance the operational footprint of the company.