Xlmedia Share Discussion Threads

[jamessmith23] 18/3/2021 10:25

I don't think it says how profitable the business is... What special update are you reading that's different to the one we're seeing

[john09] 18/3/2021 09:22

Maybe read it 😉

[farrugia] 18/3/2021 09:22

these morons are incapable of developing web properties themselves!? US$26.0 million is a lot of money! How much profit was it producing anyway?

[john09] 18/3/2021 09:15

It’s gonna start moving up i think

[john09] 18/3/2021 09:12

As an aside i think if you can buy at 46p - 47p ish you will do very well here very quickly. I dont believe anyone buying shares at 40p will be doing so to flip them

[john09] 18/3/2021 09:10

I’m a corporate holder of XLM so I’m trying to obtain some 40p shares through the accelerated bookbuild ill let you know how I get on !

Ive tried this before in a company and not been successful but we can but try !

[km85] 18/3/2021 09:10

The reason of issuing news shares is obviously to acquire the new business. Not a stupid capital allocation when you issues shares, even at lower price, to buy strong asses with the profitable growth potential of above 40-50% US sport average market. Both catena and BC have shown us the growth trend of the USA market.

[john09] 18/3/2021 08:57

Those who dont have cash will be selling to buy their 1 for 26!

[sophia1982] 18/3/2021 08:57

ONeill, any comment from you?

[jltaylor1001] 18/3/2021 08:48

3 to 1 sells to buys so far today

[john09] 18/3/2021 08:39

US casino and sports betting. Keep eyes on thr prize folks

[john09] 18/3/2021 08:35

The 1 for every 26 isnt going to help us that much ! I held 850,000 on the 16th so thats only 33,000 shares at 40p!

Helpfully i sold 150,000 yesterday at 53p

Ive just bought 80,000 back now at 46p because i believe thats below the valuation of 1 share after this event. I think the value is more like 49p and then it should kick on as a result of the eps enhancing and trading

[sphere25] 18/3/2021 08:29

You can see why this company is a short term trade only - they do suspect things like this.

Diluting shareholders when the recovery in the share price hasn't even taken place? I thought they were confident about getting things back on track?
Why raise so much cash when you have cash on the balance sheet too?
Was there really a need for this type of manoeuvre, particularly with the shares sat at low levels but beginning to price in some form of recovery and the trading update suggesting a recovery?

It doesn't fill you with confidence that they are sure the recovery will hold. XLM has form in disappointing so every chance of them dropping another bombshell imo.

Hope it comes good for holders but this type of move raises more questions.

All imo
DYOR

[jltaylor1001] 18/3/2021 08:28

1 for 4 sorry. Existing 200m shares

[john09] 18/3/2021 08:27

Explain j? 1 for 5 offer

[jltaylor1001] 18/3/2021 08:26

Looks like 1 for 5 offer to my working 50,000 new shares

[northwards] 18/3/2021 08:24

Encouraging:Current TradingXLM expects to deliver revenue of at least $54.5m and an adjusted EDITDA of approximately $11.5m for FY2020. The revenues in the second half of 2020 saw a recovery following lockdown easing and the return of professional sports. As previously announced, Company continues to pursue a multi-track approach to recovering the Casino vertical, where a number of sites were penalised by Google in early 2020. Following the addition of CBWG to the Group in December 2020, 2021 has started strongly with unaudited January 2021 revenue for the Group of $5.8 million and EBITDA of $1.4 million.

[zingerburger] 18/3/2021 08:22

What is record date and ex marked date?

[john09] 18/3/2021 08:20

Tnanks tvh

[tvh123] 18/3/2021 08:17

@John

APPENDIX IV - EXPECTED TIMETABLE OF PRINCIPAL EVENTS



2021

Record Date for entitlements under the Open Offer

6.00 p.m. on 16 March

Announcement of the Acquisition and Fundraising

7.00 a.m. on 18 March

Existing Shares marked "ex" by the London Stock Exchange

8.00 a.m. on 18 March

Announcement of the results of the Placing

18 March

Publication and dispatch of the Circular and, to Qualifying Non-CREST Shareholders, the Application Form

19 March

Open Offer Entitlements and Excess Open Offer Entitlements credited to CREST stock accounts of Qualifying CREST Shareholders

As soon as practical after 8.00 a.m. 19 March

First Admission and commencement of dealings of the First Placing Shares and First Subscription Shares

8.00 a.m. on 22 March

Latest recommended time and date for requesting withdrawal of Open Offer Entitlements and Excess CREST Open Offer Entitlements from CREST

4.30 p.m. on 26 March

Latest time and date for depositing Open Offer Entitlements and Excess CREST Open Offer Entitlements in CREST

3.00 p.m. on 29 March

Latest time and date for splitting of Application Forms under the Open Offer

3.00 p.m. on 30 March

Latest time for receipt of CREST proxy instructions and CREST voting instructions

11.00 a.m. on 1 April

Latest time and date for receipt of Application Forms and payment in full under the Open Offer and settlement of relevant CREST instructions (as appropriate)

11.00 a.m. on 1 April

General Meeting

11.00 a.m. on 6 April

Announcement of the results of the General Meeting and the Open Offer

6 April

Second Admission and commencement of dealings of the Second Placing Shares, Second Subscription Shares and Open Offer Shares

8.00 a.m. on 7 April

Second Placing Shares, Second Subscription Shares and Open Offer Shares credited to CREST stock accounts

7 April

Expected date for despatch of the definitive share certificates for the Placing Shares, Subscription Shares and Open Offer Shares

Within 5 days from Second Admission

[tvh123] 18/3/2021 08:14

Jan 2021 revenues of $5.8 million and EBITDA of $1.4 million suggests XLM really are on track for a material recovery in FY21 and a return to growth.

[john09] 18/3/2021 08:12

Can anyone see the record date in teh announcement for the 1 in 26 shares held subscription? I cant see it

[john09] 18/3/2021 08:06

So the price bow should be 49 - 50 I think

Fag packet

[john09] 18/3/2021 08:02

Hence the auctions here at the off