Xlmedia Share Discussion Threads

[oneillshaun] 25/5/2018 11:59

pazzuzu - GVC would be off the chart but the only down side is that we would end up with GVC stock with the 3.5% rise in GVC today that cash alone would be great down payments.

[pazzuzu] 25/5/2018 11:40

And re GVC, I really wish they would. I so do,

[pazzuzu] 25/5/2018 11:18

Personally I think the no news in that sentence is the problem. But go ahead ory fan base shoot me down and tell me he's gandalf and delivers news to shareholder based on the following:An ory is neither late, nor is he early, he delivers news precisely when he means to.

[hatfullofsky] 25/5/2018 11:09

5% fall on no news and no volume ?

[oneillshaun] 25/5/2018 09:55

igoe104 - Swedish stock exchange loves a gaming company with a good story, if XL was on the same exchange we would have a market cap of 600m GBP.

[igoe104] 25/5/2018 09:15

Catena have made loads of acquisitions recently, and the S/P is near record highs even with a p/e of 36. nearly twice that of XLM.

[oneillshaun] 25/5/2018 09:11

Thought i would share this bit of news about Catena, like XK media they are reducing there dependancy on gaming and moving to financial services, even if Forex trading is more like gambling than the casinos.



New acquisition in financial services vertical

Read the full analysis/report here (pdf)

Catena Media

Rating: Buy

Target price: SEK 165

Share price: SEK 149.5
§ Catena Media yesterday announced it has acquired ForexTraders.com as the group continues to expand its financial vertical. The acquisition is small and adds around EUR1m in sales in 2019E and we have slightly increased EBIT estimates by 0.5% in 2018-20E. Our TP is unchanged at SEK165 and we reiterate our Buy rating.
Expansion in financial services with ForexTraders.com
Catena Media announced that it has acquired ForexTrades.com for an upfront payment of USD4.08m and a maximum potential earn-out of USD1.58m (USD1.18m expected based on 30-40% growth in the next 12 months). The acquired assets currently generate USD0.25m per quarter (c. USD1m per year). Assuming an EBIT margin of 70%, in line with previous financial services acquisitions, the multiple should be c. 6x EV/EBIT. This is at the high end of historical multiples of c. 4-6x EV/EBIT. After this acquisition, we estimate that Catena Media’s revenue from the financial services is c. EUR7-8m, representing c. 7-8% of our 2018E revenue estimate.

Capacity for continued acquisitions in 2018-20E
Catena Media continues to maintain a rapid pace of acquisitions, with six companies acquired in 2018. We see potential for more acquisitions ahead, and we estimate the group has a total acquisition capacity of c. EUR100-150m over 2018-20E. Catena has indicated that it wants to increase its revenues from the financial services segment, and three of the six acquisitions in 2018 have involved this vertical (Dreamworx, Brokerdeal and ForexTraders). Catena Media identified significant consolidation potential in this sector in 2017 with the acquisition of Beyondbits.de. The subsequent acquisitions have confirmed this and suggest potential for additional acquisitions in financial services ahead.

TP unchanged at SEK165, Buy reiterated
The acquisition of ForexTraders.com only has a small impact on our 2018-20E estimates, with EBIT up c. 0.5%. We already include upside potential from acquisitions in our TP, which remains unchanged at SEK165, and we stick with our Buy rating. Our TP is based on the average of our DCF (WACC 9.8%, LT EBITDA margin 40%, LT growth 2%) and EV/EBIT approach using 14x 2019E, including upside from future acquisitions.

[acamas] 25/5/2018 09:06

Just maybe Ory is avoiding fear on the one hand and rashness on the other with that pile of cash. I am sure he raised it for a distinct purpose back in January. Maybe that opportunity has passed us by. Who knows? One thing is for sure it needs to be working hard for the Company and not sitting in a deposit account somewhere losing out to inflation

[mysteronz] 25/5/2018 09:02

Its very fristrating as its my largest holding.

He has done something personally by buying lots of shares but I agree he has the cash for too long to have done nothing with it. Got to buy the right companies/sites at the right price but he’s had months now.

[pshevlin] 25/5/2018 09:00

Something needs to happen here. Is Ory doing ANYTHING at the moment? It's ages since he had a pile of cash in his pocket and virtually nothing has been done with it. People will lose interest here especially as other shares become more attractive.I know I have and if it continues I will steadily sell it down.

[rivaldo] 24/5/2018 14:29

Hi shaun, I'm keen but not that keen! I don't have the time to fly out to St Helier and back....

I have corresponded with Ory recently and suggested that they issue a brief update at the AGM, but he's evidently been advised otherwise.

However, he's well aware that XLM need to get more info out to shareholders, and he noted that the web site would be overhauled and updated more frequently in terms of general business progress.

[oneillshaun] 24/5/2018 13:13

Rivaldo - I assume you attended the AGM anythings worthy?

[doodlebug4] 23/5/2018 18:28

Cheers flash. I've deliberately started the new thread on the free bb in the faint hope that posters will play nicely and discuss the pros and cons of Stellar Lumens XLM in a reasonably civilised manner.

[flashheart] 23/5/2018 15:54

Thanks db. Saves any future confusion.

[igoe104] 23/5/2018 15:17

I don't expect him to ramp up The S/P, but it would be nice to see what plans they have for the USA market.

[doodlebug4] 23/5/2018 14:50

Ok, I've started a new thread for Stellar Lumens which you will find under the epic - USDXLM.

[pshevlin] 23/5/2018 14:46

I'm not sure I understand the trading activity here.

[doodlebug4] 23/5/2018 14:44

Well that's not going to work as of course it's got the XL Media charts and news in the header!!!! Sigh - I will have another go at this.:-)

[doodlebug4] 23/5/2018 14:43

!FOLLOWFEED
Starting this new thread to replace the existing XLM Stellar Lumens thread as it appears to be causing confusion and irritation to XL Media posters. :-)

I'll update it later with some info in the header.

[doodlebug4] 23/5/2018 14:26

I've been told by ADVFN that they cannot change the headers in threads, so I'll perhaps start a new thread since hootza seems to have disappeared or lost interest in this one.

[wildshot] 23/5/2018 13:40

The problem is that XLM is also the epic for XL Media which is a listed company. Unfortunately ADVFN have not made a distinction between the two, as a result those of us who hold the share constantly see updates to this thread appear in our feed.

I guess that optimist17 is like me and has no interest in cryptocurrencies. Like him I don't want to see this thread. However ADVFN need to sort it out, not the creators of this thread who are not to blame.