Xlmedia Share Discussion Threads

[oneillshaun] 19/12/2023 14:49

Around 500k per annum, trust me cents on the dollar for these assets

[northwards] 18/12/2023 19:05

Well, I'm terms of asset sales, if we could get 4.5 x European annual revenues (4.5 x $14m = $63m / £50m ... I can see value being unlocked given the current market cap of £17m.

[km85] 18/12/2023 14:43

Why would they care to response? They are getting their salaries nicely. Also they are happy to sell more assets to offset their ongoing salaries. Last time they said it cheap and undervalued and they never bought shares. I assume they are happy to keep milking their salaries.

[oneillshaun] 18/12/2023 13:37

Why would they do anything? It's over this has absolutely no future the one small hope we had was that somebody would buy but they could not get a valid offer, so now they sell assets for peanuts and shareholder value continues to erode.

[sophia1982] 18/12/2023 12:06

By the way, I don't know if any of you is in touch with them. They don't care to reply to emails, etc..

[oneillshaun] 18/12/2023 09:58

I agree with you 100% that's why I am shocked that they even included that in the trading update.Selling assets will not bring any value to share holders it will only generate operating capital for the management and the board to drain even further.Shareholder = a buy back, a sale nothing else is shareholder value.

[km85] 18/12/2023 09:47

Mate, they never cared about shareholders value

[oneillshaun] 18/12/2023 08:46

I hate to say this but XL Media has no future, continuously declining revenue as well as assets, now the plan is to sell more assets for shareholder value.Someone explain to me how selling assets is going to give shareholders value? A one off dividend of any sale proceeds I think not, any funds raised via a sale with just fund the massively inflated management salaries and directors fees.XL is going to be milked for every cent shareholders will not get anything and I doubt this will ever get above 7p again.This was once a 300m GBP market cap.

[sailorsam1] 15/12/2023 21:42

Agreed. The mismanagement here is incredible

[oldboy1] 15/12/2023 20:16

the updates are beyond stupid in the way they are articulated. its almost as if they do it on purpose. they need stronger oversight of these important announcements

[farrugia] 15/12/2023 18:39

do they have any cash left?

[km85] 15/12/2023 16:29

Man those who wrote those updates are stupid and know only how to upset everyone and anyone.

Seriously read the below, I mean what was actually their previous forecasts anyone? They never mentioned anything in regarding to their previous forecasts nor during their useless presentations so why they even bothered to include it today? Stupid


“While there is still opportunity to generate significant revenues in the remainder of the year now that December acquisition budgets have been confirmed, it is now unlikely that this will fully compensate for mid-period shortfalls and, consequently, North American revenues will now fall below previous forecasts.”

[oneillshaun] 15/12/2023 15:33

And the next update will be bad, every time they release an update this board is convinced it's the bottom but reality is they will always find another way to disappoint the market

[northwards] 15/12/2023 15:20

The board has clearly lost investor confidence. But my view is we have reached the bottom. European assets on the up. ESPNbet replacing revenues from Barstool / albeit too late for the current FY.

[oldboy1] 15/12/2023 13:20

I'm not 'worried' about you Shaun, just curious why you have not sold that's all.

[oneillshaun] 15/12/2023 11:50

oldboy - dont worry about me.

[oldboy1] 15/12/2023 11:20

so you have sold then have you Shaun?

[oneillshaun] 15/12/2023 11:14

lol 20k buy now is just setting fire to your money

[northwards] 15/12/2023 11:14

Proactive Investors:XLMedia PLC (AIM:XLM, OTC:XLMDF) was under a cloud as the betting content specialist accompanied a warning about sales revenues with confirmation it had shelved plans to sell the company.In particular, XLMedia said it had been affected by Penn Entertainment's rebrand after acquiring the right to the ESPN name from Disney for US$1.5 billion.Barstool, Penn's gaming arm before the ESPN acquisition, was a major partner for XLMedia. Barstool has been sold back to its founder Dave Portnoy.As a result, the second half of the year has seen revenues earned in previous years from August through October in part moving back to mid-November onwards.ESPNbet launched in mid-November and from then on revenues have started to recover with a strong close to the year in North America expected, though this will not be enough to make up the earlier shortfall, said the statement.European premium brands, Nettikasinot, Whichbingo and Freebets are going well, it added.Revenues for the full year are now expected to be US$50 million to US$52 million with underlying profits (adjusted EBITDA) US$12 million to US$14 million.On M&A, XLMedia said it is looking at more asset disposals though plans to sell the business wholesale have ended as this would not currently create value for shareholders.Shares fell 12% to 6.5p.

[oldboy1] 15/12/2023 10:39

who just placed the 20k buy anyone here?

[kemche] 15/12/2023 10:25

It's a unique business model - buy and destroy. Novel certainly.