Xlmedia Share Discussion Threads

[oneillshaun] 05/6/2024 11:07

THAT THE COMPANY BE AUTHORISED TO MAKE MARKET PURCHASES OF ORDINARY SHARES (A response to this proposal is mandatory)


So a buyback is happening by the looks of it.

[km85] 24/5/2024 17:35

Well offloading nicely as the price didn’t move a bit.

[oneillshaun] 24/5/2024 16:58

Looks like someone offloaded today

[sailorsam1] 20/5/2024 19:24

Buyback is far better for thoseof us who have capital gain losses to suck up here

[northwards] 19/5/2024 08:46

Once the final earn out is made in September, a sale of the US business feels likely.

[km85] 18/5/2024 09:57

From their call, since, the post of eu assets sold, they are getting some offers and interests in some USA assets or the whole business. They will consider offers as long as it makes sense to

[silverlandfinance] 18/5/2024 09:15

Sophia
I think that is a good analysis of the situation.

[sophia1982] 18/5/2024 01:05

The market was probably expecting more tangible news about the distribution of cash. IMHO, it was already possible to make a first distribution or a buyback and make a second one after October, when the second tranche of 10m is received. However, I think that a reason to delay a distribution could be to buy time and see if an offer for the whole company (and not just the US assets)comes through when XLM has still a large net cash position.

[farmergeorge] 17/5/2024 22:29

Let's hope the the share price does not slide down too much in the interim.

[sailorsam1] 17/5/2024 21:23

So dividends mean we pay tax. Buyback no tax as share price rise simply offsets losses and no cg

[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