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you can have some of mine once we're back over 30p :-)
I'll not try to catch the falling knife. Instead I'll wait to see if and when it starts to rise again - then maybe I might buy.
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XLMedia PLC (XLM)
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Senior Management Appointments
"The recruitment of Sarah and Iain will significantly strengthen our senior leadership team and we look forward to working with them as we continue to transform our core business in order to capitalise on opportunities across our industry."
https://www.investegate.co.uk/xlmedia-plc/rns/senior-management-appointments/202002041000048949B/
ain is a highly experienced Chief Financial Officer who has worked as a turnaround specialist in a series of Group CFO roles. He joins XLMedia from Ixaris Group ("Ixaris"), the payments optimisation business where, as Group CFO, he was responsible for restructuring the finance function of the business.
Sarah Clark has been appointed Chief Transformation Officer. Sarah has a wealth of experience in developing and executing a strategic plan in order to drive the operational efficiency of a business. Sarah joins XLMedia from Loot Crate Inc, where she held the role of General Manager, Europe, Middle East and Africa. At Loot Crate, Sarah was responsible for establishing and leading the European operations of the one of the world's largest subscription commerce business and delivering monthly boxes to over 100,000 subscribers, with a core focus on driving profitable growth across the subscriber base.
ideal opportunity for a good rebound over coming months, ott drop by mm's as ever today and much already priced in ....24p took some more and will await the journeybback up :-)
Unfortunately, GS, disaster has struck
More poor news today dressed up as jam tomorrow, and all but saying the dividend will be cut next....learning point is probably to try and focus on how good a company's management are, despite what seems a fantastic opportunities...looks like a long road ahead !
Great comment. Not particularly happy to see those huge sells. Did not effect share
price TR1 must be coming.
GS, useful summary. You could also have mentioned that XLM ran the tender to buy back shares at 80p (claiming it was āsubstantially undervalued compared to peersā) immediately before a profits earning in the summer saying it was now experiencing āheadwindsā. Many expected a further profits warning but nothing so far. The company just seems to lurch from c*ck-up to c*ck-up. Until I know the bottom has been reached Iām not adding any more. The US part of the business is in its infancy and I doubt will contribute meaningfully for a while but weāll see. A lot of GAN shareholders (and Iām also one) really object to claims that XLM is in the same space. The former is about B2B technology platforms, the latter performance marketing, so not similar - big of course both potentially benefit from the explosive growth in US sports betting.
...ought to be sauce for the goose (XLM in this case).
I have been in and out (and in) here and now hold - for me - a large stake - about 150k shares.
Background - The rot set in with the trading update in June 2018 when it transpired that XLM had effectively raised money at a premium price while at the same time trading conditions in Europe especially were worsening. Ory was regarded as being responsible for that (he probably was). Add to that an idiotic buyback/tender which was a license to print money if you took it up and it looks pretty sure that a group if ii's insisted on his departure.
That he is still buying says that he is either a fool - which he is not - or he thinks XLM is a good future bet. I think it is the latter.
The dividend looks pretty solid - I cannot see it going up this year but there is terrific underlying cashflow so it is well supported and what is not to like about a yield of about 9%?
What is interesting to me is that while GAN's sp is flying (happy holder), XLM is not. While not the same, their businesses are in the same sector and XLM has always been good at bringing gamblers to the tables. That is why there was such a severe reaction to its warning in 2018 - namely that regulation was changing and life would get harder. Their number one problem market then was Sweden (pop c 10m). Orys' swansong presentation (video on the XLM site) makes the point twice that in the longer term, XLM sees more regulation in Europe as being a good thing. Be that as it may, XLM has a platform and licence registrations in the US. That is where a succession of states are liberalising online gambling. The newest looks as if it is going to be Michigan (pop 9m+). That is in addition to New Jersey (pop 9m), Pensylvania (pop 12m+), Nevada (pop 3m) and Delaware (pop more shelf companies than people). XLM will be feeding at least some of this growing population of online gamblers into the online operators and none of the upside there seems to be in the SP.
It may take a while for the market to assess the new CEO and no doubt he is doing the rounds of the ii's at present, but barring disasters this is a share that looks overdue for a rerating. With the yield I can afford to be patient and reinvest dividends while I wait but I will be really surprised if the sp is not well north of Ā£1 12 months from here.
GLA
GS