Xlmedia Share Discussion Threads

[tsmith2] 27/2/2019 09:46

good solid buying..

[joe moat] 27/2/2019 09:34

THKS guys. I was wrong since i didn't count the shares Ory held directly, before the WebPale's sale.
Crossing the infomations:
Ory sold 3.973.333 (2.2.17) at 1,00 and 4.474.006 at 1,10 (28.3.17)= £ 8.894.740.
Since then Ory bought 1.906.735 shares at an avarage price of 1,24 = £ 2.364.351.

[bor491] 27/2/2019 09:03

but the thing for him, let's face it - if i got £7.8M i wouldn't care that much about what happens? He bought shares to attempt to influence the market that the shares were good value and convince shareholders to follow his buy or keep holding...

Imagine him versus an investors who puts in GBP50,000 of his own money into this. Who stands more to lose in reality?

[salchow] 27/2/2019 08:23

After selling shares worth £7.8M in early 2017 at 100p and 110p, Ory has bought shares at an approx cost of £830,000 at various prices up to 188p.

So only 10% of his sale has been reinvested but I wouldn't expect anyone to throw £830,000 down the drain if they didn't think there were good prospects. Obviously it has not worked out as he anticipated and I am glad I didn't follow him after getting out at a fairly high level.

[elsa7878] 27/2/2019 08:15

19/11/2018 2:20pm
UK Regulatory (RNS & others)

Xlmedia (LSE:XLM)
Historical Stock Chart
6 Months : From Aug 2018 to Feb 2019

Click Here for more Xlmedia Charts.
TIDMXLM

RNS Number : 7988H

XLMedia PLC

19 November 2018

19 November 2018

XLMedia PLC

("XLMedia" or "the Company")

Director Share Purchase

XLMedia (AIM: XLM), a leading provider of digital performance marketing services, has been notified that on 19 November 2018, Ory Weihs, Chief Executive Officer, purchased a total of 84,761 Ordinary Shares at a price of 104 pence per share. Following these purchases, Mr Weihs now has a total beneficial interest in 4,556,735 Ordinary Shares, representing 2.07% of the current issued share capital of the Company.

[bor491] 27/2/2019 08:07

see shareholders - hxxps://www.xlmedia.com/investor-relations/significant-shareholders/

got the options info from the prospectus hxxps://www.xlmedia.com/wp-content/uploads/2018/04/2014-03-17-xlmedia-admission-document.pdf

[joe moat] 27/2/2019 08:00

bor491, can you please share your source? I might be wrong but according to my calulations after the Wepale's selling, Ory owns 1.916.805 shares at an average price of £ 1,24. THKS

[bor491] 27/2/2019 07:48

Ory Weihs holds 4,556,735 shares so the amounts he's bought over the last couple of years aren't big for him given his holdings. That's a negative. He seems to have 'earned' his holdings thru options.

now the other questions
What is his salary?
How much did he net (if anything) from the ipo in 2014

[owenski] 27/2/2019 07:25

The wheels have come off the business model and they're scrabbling around to build a new vertical pretty much from scratch, looks like further problems still to come.

The brokers note for this years numbers are well and good in accuracy I guess, but giving figures for the following year shows problems and I don't think they'll hit even those targets. Divi been cut in that scenario. Continuing the share buy back under these circumstances is foolish imo and is a ploy to con the market that things are generally ok. Good luck on that.

Bargepole.

[bc4] 27/2/2019 06:20

We all did!

[sum493] 26/2/2019 20:44

I wonder what are the salaries of those directors...!!?

Mr. Ory Weihs has purchased a lot of shares in the past and must be heavily underwater - but how much is his salary at XLM!? He either doesn't care (salary very high or he got his $$$ payout when this was listed) or he got this very wrong.

[truemuppet] 26/2/2019 18:55

[sorry double posted] might as well use the edit opportunity to say the publishing side looks fine

[truemuppet] 26/2/2019 18:53

With hindsight the business model has had an awful year and sentiment is adverse. Cash is still integral to any attempt to value the biz. Actually I would say the presence of unspent cash ('give us a deal')was instrumental in forming adverse sentiment during the year. All that said I sort of understand what you mean. Anyway here's a share for about half a pound and we all have to decide what it's worth.

[yump] 26/2/2019 18:42

You missed my point. Share prices are not based on EV. How many investors do you think bother with that ? EV is totally pointless if the business is not doing what its supposed to be doing and if it is doing what its supposed to be doing, EV is even more irrelevant.

If enough people 'followed' EV then perhaps it would influence the share price movements as much as charts. But again, here charts are pointless, because the business model is failing.

I've lost count of how many times cash is mentioned and its always when there's a problem with the business. As if cash is going to make any difference when faced with poor sentiment.

[truemuppet] 26/2/2019 16:29

you can't calculated an EV without taking account cash

[yump] 26/2/2019 15:05

It appears that a long term supporter was too close to the market to realise that the original business model was under threat some time ago and someone else will eventually get the point that a cash pile never, ever makes any difference to the share price as in: 'look how much of the share price is accounted for by the cash' silly talk.

There is a lesson here that if a business that is supposedly going great guns in one market that has great potential for the future, then without a decent explanation goes on the acquisition trail in a different market segment, either they can see potential trouble ahead, or a reduction in growth (therefore entering new markets to support ego-expansion), or both.

Say its hindsight if you like, but not in my case as I posted more or less the same point when XLM did their first financial website acquisition.

There is at least one other factor here in that the increasing use of mobile in the last few years has increased the cost of customer acquisition in all its forms, simply because there is less ad. space on a mobile and therefore increased competition for that space.

[traderglt] 26/2/2019 14:50

No. Criticising Israel and its companies has nothing to do with religion

[smithless] 26/2/2019 13:44

elsa - so based on your figures, which are most probably 10-15% out, either way, it's trading on an EV/EBITDA of 3.4x. It looks cheap and reminds me of Kape Technologies (ex Crossrider) pre-revenue re-focus strategy. May have a small punt but will wait for FY18 numbers in March before wading in

[talygarn tom] 26/2/2019 12:51

The media business is where they buy advertising space for their clients. The publishing business is where XL Media own the website or media interface. Have a look at their results webcasts on their website.

[bor491] 26/2/2019 12:10

what do they mean by media business? My understanding is that a company like XLM operates a stable of affiliate websites and they make money thru revenue share deals with online casino/betting websites?

[tsmith2] 26/2/2019 11:55

It moves down from 65-55 on very little volume so would expect a swift move up if the volume is good..

[elsa7878] 26/2/2019 11:49

Write down is non -cash, so that is OK - also intangible assets so not of interest in my current assets calculation. Increased investment is.

I do see that they are not totally closing down the media business but see revenues were $66m in 2017 and 2018 forecast at $47m so the decline has been substantial. If in 2019 it is going to be $30 million less than that implies approx $17 million.

Publishing 2018 - $66m - 2019 $70m?

Revs 2019 - $87 million = gross profit around $60 million.

Expenses have been approx $32 million per annum - assume some fall but compensated for by the increase in investment in the publishing arm (minimum of $7 million over 3 years).

Operating income is therefore approx $28 million.

Finance expense has been around 3% of OI in previous results (though why with cash is beyond me) = $750,000

= $27 million.

Tax rate has been between 16 and 20% - call it 18% = $22 million = approx £17 million.

PE of 7 - and add cash of £26 million (assuming they do not buy more publishing assets) = £145 million market cap or 66p per share. If they spend on the cash on buying more assets then fair value is around here...

[tsmith2] 26/2/2019 11:46

Move up through 55p on strong buying and we could move up very very nicely. They've basically kitchen sinked everything.Cash generative, growth opportunities, stacks of cash very undemanding PE..it's what it trades at currently that matters