Xlmedia Share Discussion Threads

[tomstone12] 20/3/2017 08:30

CEO buying is always a good sign, especially when we are effectively at all time high SP

[gargleblaster] 16/3/2017 09:13

And so far, the markdown is rather less than the divi 1.75p vs 3.08!

[rivaldo] 16/3/2017 08:05

Ex-div today FYI, which accounts for the markdown on opening.

[rivaldo] 15/3/2017 15:43

Nice 75,000 buy at 111.5p has caused a tick up.....EDIT - and another 65,000 at the same price.

[busterdog2] 15/3/2017 11:19

Thanks, I assumed it would be, but good to know for certain.

[rivaldo] 15/3/2017 10:20

:o)) It's definitely the CEO (Weihs). Incidentally, the poster also said of the CEO re the presentation:

"Weiss was very impressive tonight. Nothing new, but interesting to learn of his considerable ambitions in the financial services market. He is a CEO who really knows his market and clearly has a very deep understanding of it across the spectrum. Won a clear vote of confidence from the audience in my view."

[busterdog2] 15/3/2017 10:04

Is the person referred to as Weiss actually Weihs, although there is a legal counsel at xlm by the name of Maya Weiss-Donin?

[rivaldo] 15/3/2017 08:30

Excellent posts elsewhere from Charlie51 summarising the recent Berenberg presentation which most should find informative:

"Strat review - done, dusted and finished. I think it was an exercise forced on to him by a major investor....very much now a case of getting on with the business as it now is.

Growth strategy for fin svces - ident as a strat growth engine. Concentration of activity will be North America (UK deemed being too crowded a space). Greedyrates to be leveraged as the foothold, but acquisitions will be made to supplement this and bring in additional services (loans, banks etc.,., not just in N America, but elsewhere as well.

Mobile is set to feature prominently through Clicksmob - wider range of customers in different verticals and geographies. Strong in Asia. I detected he saw a lot of profit and growth being wrung out of this acquisition.

Media - looking to leverage demand for OL marketing services in US and Asia.

Publishing - looking to grow market share in current base and newer territories - UK, Canada, Austria, German speaking countries, Greece and Denmark.

Partner network will not receive any extra attention - this will just go happening in an as is state, minimal effort applied.

Keen on acquisitions, but will not overpay for them - walked away from one two weeks ago. Main opposition is the Scandi based company whose name escapes me, but whose growth is all acquired. Weiss very keen on organic growth and driving more from what they have - seems very confident of doing so as well. My concern here is that the Scandis are prepared to pay far higher than XLM and the same targets will appeal to both so driving the price up. But that's life!

I had not appreciated just how valuable the core technology is that has been developed since inception. This demonstrated very, very well. I see this constituting a considerable moat around what they do - huge IP and a real understanding of what they want to do and how to do it in their domain.

Technology and staff all in place to support expansion for media and continued organic growth in publishing.

Social gaming and app installs represent strong growth opportunities.

New US subsidiary focussed on rapidly increasing business in mobile apps and non gambling verticals. This business doesn't need to see gambling freed up and will thrive without that, but is positioned to capitalise on any change in gambling legislation very rapidly once it happens."

"Worth me adding that Weiss was professionally quite critical of Catena during his presentation saying that they have shown no organic growth during their time on the market - all growth, according to Weiss, has come through acquisitions paid for a at price that Weiss sees as being on the high side."

[rivaldo] 14/3/2017 12:15

Nice - a £45,000 buy just reported at 113p, a full 1p above the published 112p bid price.

[malcolmmm] 14/3/2017 09:25

111.94p to buy now

[rivaldo] 14/3/2017 08:45

Wow - online now I can only buy a maximum 150 shares at 110.94p, whilst I can sell at least 50,000 at 109.4p....

If that continues then XLM is about to have a nice re-rating.

[rivaldo] 14/3/2017 08:17

Good to see a move up on £25k of buys already today.

I notice the IC was positive about XLM this week (subscriber-only):



"XLMedia's growth is overlooked

Directing internet users to gaming and gambling websites continues to be a very lucrative business for XLMedia (XLM). Technology investments enabled the digital marketing group to widen its customer base and gain further competitive edge in 2016, resulting in an impressive 22 per cent rise in adjusted cash profit to $34.6m (£28.4m)......"

[eagle eye] 13/3/2017 15:43

Details of dividend as outlined in last week's results:

'The Company has maintained its progressive dividend policy by declaring a final dividend of $7.5 million or 3.7864 cents per share payable on 7 April 2017 to shareholders on the register at 17 March 2017. The ex-dividend date is 16 March 2017'.

[malcolmmm] 13/3/2017 14:38

Added for the dividend.The shares rose on the last dividend payment

[nfs] 13/3/2017 10:32

Thanks for the meeting feedback guysI was going but had to do something else instead, very annoying Bought a few more today

[rivaldo] 13/3/2017 08:51

There's a few interesting snippets in Berenberg's new note:

- XLM has more than 50% recurring revenues
- XLM trades at an unjustified 60% discount to Catena, its most direct (and most here would say inferior) peer
- with moderately higher revenue estimates, and continuing EBIT margins as per 2017 forecasts, Berenberg's target price would be 200p (up from the current 150p)
- Berenberg "would not be surprised" to see more acquisitions in the financial services sector

Finally, their forecasts for 13c EPS this year and 14.5c EPS next year are "relatively conservative", especially given the "extremely confident" company outlook and $35m cash in the bank.

[tomstone12] 13/3/2017 07:54

opodio, haters gonna hate but at least do it on time :) and preferably if you are going to hate try to find something real to hate about!

this was 3 weeks ago, share price has risen about 110% since IPO (which they mainly raised new money in) and they have paid $36 mil in DIV. yah real terrible business screwing over poor British tax payers, you are totally right.... ha ha ha..
oh yah also forgot, they have tripled revenue and increased EPS 2.5 times... again, terrible business and terrible people..

[opodio] 13/3/2017 07:53

XLMedia's control structure is quite complicated and untypical of a technology company of its type. CEO Ory Weihs built an independent business in marketing online gambling websites and merged it with Yaron Nahari and Assaf Levy's company, WebPals. Investors in WebPals included Shay Ben-Yitzhak and Avner Yassur. Ben-Yitzhak is a cofounder of 888 Holding plc (LSE:888), operator of the world's largest online casino, with a market cap of $1.07 billion. Yassur, an IDF combat pilot, began as VP marketing of Noam Lanir's Empire Online Ltd. (AIM: EOL), and was one of the key people in its success.

In the first half of 2012, Yassur became linked with businessman Zvika Barinboim, who became a shareholder in WebPals by buying some of the founders' shares in the company, rather than through an equity investment. WELP was created in the framework of the merger. Alex Rabinovitch and Dejan Nikolic are also partners in WELP.

Nikolic is a former VP technology at Empire Online, while Rabinovitch has been known in recent years mainly as a biomed investor (XTL Biopharmaceuticals Ltd. (Nasdaq:XTLB); TASE:XTL) and Rosetta Genomics Ltd. (Nasdaq:ROSG). Rabinovitch was also a managing partner in the DS Apex brokerage, controlled by Victor Shimrich and Ido Neuberger. The second largest shareholder in XLMedia is Israeli fund VP Partners, which invested $15 million, and whose stake fell to 9.6% following the offering. This fund is the Israeli branch of US private equity fund Columbia Nova Technology Partners. One of the partners in this fund is Israeli Yaron Eitan, known as the founder of Geotec.

This structure has created a situation in which Weihs has both a direct and an indirect holding in the company. According to XLMedia's announcement, his holding in the company fell to 3.4% following the offering: 1.2% directly and 2.2% indirectly through WELP. It is very likely that WELP will divide the cash it received from the sales of shares among its shareholders as a dividend, including Weihs, according to their stakes in the partnership. Since Weihs's holding in XLMedia was decreased by four million shares, his share of the offering amounted to £4 million ($5 million).


Fingers.

[opodio] 13/3/2017 07:51

XLMedia controlling shareholders sell $50m stake
Zvika Barinboim Photo: PR Nitzan Hermoni


5 Feb, 2017 13:52
Tali Tsipori
The shareholders took advantage of the all-time high in the share price.

The AIM secondary UK stock exchange is no longer a preferred target for IPOs by Israeli companies. It is still, however, being used as a platform for secondary offerings by the companies already listed on it. The most recent example is XLMedia plc (AIM: XLM), which markets online gambling websites. The XLMedia share price recently soared to an all-time high, a fact that did not escape the attention of the company's shareholders, who conducted a major offer for sale at the end of last week.



Subtext - we be Lauging all the way to the bank, not just screw UK investors at IPO but screw em with secondary offer

[robow] 10/3/2017 15:42

I bought a few more on the back of the presentation as well

[rivaldo] 10/3/2017 15:08

That's good to hear cg8 - look forward to more details.

Interesting positive turnaround today. Online looks much better - previously you could buy 50k-60k of shares online, but after a sudden spate of buying there are now only 5k maximum shares available to buy, whilst you can sell 25k at 105.82p.

[cg8riverside] 10/3/2017 13:23

Well I thoroughly enjoyed the Private Investors Presentation by XLMEDIA on Wednesday at Berenberg HQ. Came away even more confident about the company than I already was, Subsequently picked up another 3000 shares yesterday. More juicy soundbites from Ori's speech and the Berenberg research note to follow when back at my desk next week. The future is bright for XLM. Risk/Reward from here looks extremely compelling.

[rivaldo] 08/3/2017 10:09

Berenberg have retained their Buy and 150p target.

They forecast:

this year : 13c EPS, 7.2c dividend
next year : 14.5c EPS, 8.0c dividend

They also forecast a $34m cash pile at the end of 2017, rising to $38m by the end of 2018.

That's around 10.7p EPS this year, rising to 11.9p EPS next year. With a 5.5% dividend yield.

They note that their estimates are "conservative" and can see outperformance against forecasts given the "extremely confident" outlook for 2017.