Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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That was brief! I guess a lot of people are desperate to unload here...
This is very very good news indeed
Someone on twitter agrees Peaky -
monthly chart is giving me 2020 vibes where it 5x in a year. Now restructured and firmly positioned to capture growing US gambling market. Ridiculous PEG coupled with strong cash generation prospects
https://twitter.com/bergo221/status/1677335689287933956
At least we know why volume has been increasing. 60p in 2 years is my target...
There's definitely a plan coming together here...
Sale of Three European Casino Assets
Upfront payment of $4 million represents a 4.7x multiple of revenue
XLMedia (AIM: XLM), a leading global digital media company, today announces the sale of three of the Group's European Gaming domains and associated websites, Casino.se, Casino.gr, and Casino.pt for a total upfront cash consideration of $4.0 million, representing a 4.7 times multiple on revenue (the "Sale").
In the year ended 31 December 2022, the assets relating to the Sale generated revenues of $840,000, 6% of the Group's European Casino revenue, with a gross profit of approximately $750,000. Total European Casino revenues in 2022 were $14.3 million.
The Group will continue to operate its Gaming business in the Swedish and other European markets. At present, the performance of the Group's European Gaming business is tracking marginally ahead of management expectations.
The cash generated from the Sale of these assets to Beach Services provides the Group with additional working capital and funds further investment to drive the expansion of XLMedia's North American Sports and Gaming footprint and advance its EU portfolio.
The Board is pleased to be able to realise further substantial value from the Sale, having recently also completed the sale of the loss-making Personal Finance business for $2.05 million.
Understand your scepticism as the SP has been ravaged and their history of managing assets is terrible. But under the new management and new structure I really believe things are improving considerably. Let's see what happens. As you say no hard feelings :)
Oldboy your belief and knowledge allowed you to go in hard.Absolutely no hard feelings from me.
My reason for scepticism is that I have heard numerous expressions of why the company needed to buy and sell to expand beneficially.I am genuine when I say I really hope you are correct because I do not like shares to be in my personal red column.
Thanks for putting me right.
James, I was the one that went in a bit too hard so apologies, but a lot of shareholder reads these threads and your post was very negative without rationale. XLM is not an advertising company they are an affiliate who connects the advertising to the end user. They are pretty much a US company now anyway with nearly all the revenue business stateside, which btw has grown significantly and with more states coming online. The gaming and sports wagering industry in the US is growing massively, so why would XLM not be a part of that. Look at XLM's revenue growth stateside, it's very significant. they have been dragged down by old assets that were not working for them that are now sold. They have a new leadership in place. H1 this year revenue will feature lower than H1 2022 (when this is announced later this month), due to the massive spike in NY last yer when it opened . Now this has run off in H1 this year, expectations are to continue to strong growth for H2 and beyond
Yeah, bye
Oldboy and Joe you both believe Xlm can beat the Americans at advertising and media sales. Heard it all here for years , good luck and go all in.
I feel you were cheeky to me which I don’t like so remember if a miracle occurs I will be benefitting also.
Bye for now.
Yep no clue did not even quantify the rationale , total drivel
"Jamesoor"
another one post wonder claiming to know all about the business
Exactly Joe the future is bright and the share price low right now is beyond ridiculous
As legalized sports betting continues to expand across the United States, states that previously lagged behind are starting to gain traction — with bills being considered, and in some cases approved, for retail and mobile wagering.
https://nypost.com/article/where-is-sports-betting-legal-in-united-states/
XLMedia ---> monthly chart is giving me 2020 vibes where it 5x in a year. Now restructured and firmly positioned to capture growing US gambling market. Ridiculous PEG coupled with strong cash generation prospects
https://twitter.com/bergo221/status/1677335689287933956
Disagreed there is no substance to that at all explain why you think there is no future ?
LTH and one that wants to see where all these great stories have taken us.
Nowhere I am afraid to say even Berenberg keep reducing their recommended price.Is it time to sell because I see no great hopes for the future.We shrink every year on year and only and reality is knocking on our door.
Good post thanks Joe
USA sports betting: These are the states that will legalize sports betting soon
There were many states in 2022 that legalized sports betting, and in 2023 we have also seen new markets open up to the world of iGaming, with many bookmakers obtaining licences in new parts of the United States.
https://www.yogonet.com/international/news/2023/07/06/67803-usa-sports-betting-these-are-the-states-that-will-legalize-sports-betting-soon
Good to see the market finally waking up to how stupidly cheap and oversold this is !
New York sports betting surpasses $25 billion handle milestone in record time
Since the launch of legal sports betting in New York in January 2022, the state has surpassed all expectations by reaching a total handle of over $25 billion in just 16 months.
https://www.yogonet.com/international//news/2023/07/05/67786-new-york-sports-betting-surpasses-25-billion-handle-milestone-in-record-time
Sports betting has been signed into law in Kentucky and could begin in the Commonwealth some time near the end of 2023.
Gov. Andy Beshear says his office has been "active in every part" of the push to get sports betting launched in Kentucky "before the first game of the NFL season."
https://bookies.com/news/kentucky-sports-betting
Where's "Terry" gone
Love the fact this BB is so quiet. Close above 9.8p and we should be at the races. Next update should hopefully be a catalyst!