Xlmedia Share Discussion Threads

[km85] 17/5/2024 20:01

Not sure if you listen to the call today? They are expecting second payment of 10m usd from gambling.com in October. They are high likely to go through tender offer or normal buy back processing, Dividend is less likely, but things could just change.
From July RNS they will update us about that.

So far this year, I see them doing good updates, the selling of the eu business is a good credit I have to say, so the call today.

[largeronald] 17/5/2024 19:08

Looking like 6 months before we see any divi...

[farmergeorge] 17/5/2024 16:07

Indeed, from the low of the day to the current value ($11.40) 20% bounce!

[oneillshaun] 17/5/2024 15:25

Very strong bounce back let's see what happens next week

[northwards] 17/5/2024 11:23

Quite the intra day turn around.

[farmergeorge] 17/5/2024 10:40

Was the market expecting more positive news? Nothing really negative here.

[km85] 17/5/2024 10:17

If you think about it. Very soon they could buy back 25-35% shares. They could sell the USA business because of less competitive search scape, higher demand of keywords. They already started saving more money, no burning cash and positive earning.

[farmergeorge] 17/5/2024 10:06

Price settling back towards last night's close.

[northwards] 17/5/2024 09:58

Thx KM. feels like the call was more positive than the RNS.

[northwards] 17/5/2024 09:57

Pretty much.

[silverlandfinance] 17/5/2024 09:48

Am I right in thinking that the sale of the European and Canadian assets at $37.50million is roughly equal to the Company's market value today? In other words, the US business is in for free.

[km85] 17/5/2024 09:42

From the call:
* the USA assets should be more valuable due to a higher traffic and demand.
* media business was not affected by google update. Seeking more partners.
* less cost moving forward
* high likely buy back shares or tender offer than divs, once the 10m is paid out by Gambling.com group.

I do not see any negative updates today at all.

[oneillshaun] 17/5/2024 07:48

That standouts and with the kind of history XL have they will no doubt have some business issue that requires more operating capital and a good chunk of that will be gone, not even a teaser of how much they will return.

[sailorsam1] 17/5/2024 07:45

No payout until Q4

[northwards] 17/5/2024 07:25

Headcount is down to 100. I'd expect this to fall further. Good.

[km85] 17/5/2024 07:21

Another positive point:
The Group is working closely with all its Media Partners following the Google update, the majority of which have been unaffected by the changes to date, while continuing to focus on its O&O websites which have seen some early improvements in rankings. We continue to monitor the situation very closely.

[km85] 17/5/2024 07:21

From 5 May 2024, Google applied manual actions to a number of media organisation's websites judged to feature third-party content that promotes coupons and offers, including in some instances
Positive on the below:

online casino and sports betting offers, that are not consistent with the Brand's authority. These manual actions may impact the visibility of this content in Google search. XLMedia's O&O websites have not been affected and a number of pages have seen ranking improvements.

[northwards] 16/5/2024 22:53

So the remaining US business should have revenues of c $28m & ebitda of $5.5m for the period just ended.

[northwards] 16/5/2024 16:47

Well, let's see what tomorrow brings. Could sell in size at 11.85 ahead of close.

[northwards] 16/5/2024 07:21

WNBA & Caitlin Clark opening up a whole new betting market it seems: https://x.com/sports_handle/status/1790852694758015377?s=46&t=6L3i5L2B0LVcI0QnNB2C4A

[northwards] 14/5/2024 13:36

No targeted ads across multiple social platforms using data insights to target new / emerging gamblers ?

[oneillshaun] 14/5/2024 13:00

Almost all of the traffic will be via Google

[northwards] 14/5/2024 12:45

Hmm, but Google is just one route to the consumer.