Xlmedia Share Discussion Threads

[camlor2] 19/3/2021 16:49

Good day all round, very positive.

[john09] 19/3/2021 16:16

Yep i was about to say . People are going nuts for this all of a sudden look at the volume

[bc4] 19/3/2021 16:15

That was a bigi 250,000 at 52p

[john09] 19/3/2021 16:02

Yes and still rising

[bc4] 19/3/2021 15:59

And this rise is on a down day always a good sign

[john09] 19/3/2021 15:47

As ive said, 1 for 26.

The time to buy was yesterday at 46p 😏

[bc4] 19/3/2021 15:45

What is the point in selling if you own 52,000 shares you can only buy 2,000 that is going to make you £200 you will make more holding what you have

[john09] 19/3/2021 14:36

The winners are the “certain”; new and existing holders who piled in at 40p yesterday

[john09] 19/3/2021 14:36

That was my understanding when i read it yesterday . There’s only 3m quids worth i think you can forget a bout any excess. Particularly given the gap now between 40p and 51p and the fact people can sell existing shares to fund the 40p ones

[ali47fish] 19/3/2021 14:25

if you get only 1 for 26 it means you get your rights and no excess shares?

[john09] 19/3/2021 14:20

Why? sorry i dont follow Ali

[ali47fish] 19/3/2021 14:12

john why - there must be some excess shares?

[john09] 19/3/2021 14:10

Yep unfortunately you can only get 1 for 26 at 40p its pretty pointless

[petes5] 19/3/2021 13:55

In profit and expect more so cannot grumble too much. It would be nice to get an option of a few thousand shares at 40p however. I shall await developments.Have held for many years and seen it go up and all the way down again.

[john09] 19/3/2021 13:09

But you must have paid less than the current price right?

——

PeteS519 Mar '21 - 12:45 - 11763 of 11765
0 0 0
No invite from ii.
A little annoying as I bought another batch late last week. However will be holding for more.

[john09] 19/3/2021 12:53

Follow the money

The major shareholder piled in with 11 million

[ali47fish] 19/3/2021 12:45

how come its rising normally with a placing the share price comes down even below the placing price!

[petes5] 19/3/2021 12:45

No invite from ii.A little annoying as I bought another batch late last week. However will be holding for more.

[john09] 19/3/2021 12:35

52p to buy

[john09] 19/3/2021 12:32

It’s flying now.

Taken that big discount in its stride

[john09] 19/3/2021 12:22

Thanks Rivaldo

[john09] 19/3/2021 12:00

It’s going up

[rivaldo] 19/3/2021 11:52

Agreed john09, a pretty good market reaction to the acquisition. Great to hear also that 2021 trading has started so strongly.

Since you asked, the new Cenkos Buy note doesn't add too much as it still hasn't reinstated forecasts for this year onwards. A couple of extracts:

"The acquisition of Sports Betting Dime (SBD) is highly complementary to December's acquisition of CBWG. XLMedia is pivoting to become more multi-territorial with growth focused in North America and operating in regulated markets with a balanced portfolio of interests. We see material growth opportunities ahead."

"Cash rich balance sheet. XLMedia had net cash and short term investments of $27.3m as at June 2020. Netting off the initial considerations of the two acquisitions and taking into account the Placing proceeds, the Group could still have residual net cash of c$30m all other things being equal."

"Post acquisition, XLMedia will again begin driving legitimate traffic growth using its existing US territory and State licences together with its links to known US regulated operators. We expect traffic conversion rates and CPA income to be broadly similar to that achieved by CBWG and, while we do not yet provide forecasts for the enlarged business, we believe SBD could be of similar financial magnitude to the Group as CBWG. CBWG generated $2.7m revenue in first 2 months of 2021 ahead of its expectedrevenue budget post acquisition of $1.1m. The duration of the transaction means that XLMedia is funding SBD's marketing activities post 31 December of up to $0.5m pcm so that traffic flow can be maintained and the business be maintained in a commercial state. On an annualised basis, a cost base of $6.0m and a conservative working assumption of an EBITDA margin of 40% would be consistent with an expected EBITDA contribution of c$4.0m. The acquisition would be valued on 2.8x historic EBITDA on such a basis, given an initial consideration of $11.0m"

"New States opening up to regulated activities

Currently nine US States have opened up their markets to sports betting with a further possible 25 States covering 57% of the population forecast to follow by the end of 2022. Achieving State authorisation for regulated activities is a non-trivial process and credibility, scale and know-how are needed to achieve this. These factors together with the required content management and workflow skills, serve as an effective barrier to entry. The longer term opportunity for XLMedia lies not only in driving known traffic to an expanding number of States with regulated sports betting but also tapping into latent demand for licensed betting by those previously deterred by offshore and unregulated counter-parties."