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Wow 11p.
Is the sp being manipulated for a cheap takeover, or maybe the company is going private, any guesses ?
Looking at the sp now, I'm glad I took the decision to sell 70% of my holding at 13.3p albeit with a loss from my average of 14.4p. Next question is when to buy back, if at all.
Is the big spread with the low bid to encourage shorting or to put off buying? Bid/Ask: 11.50/12.25
Yes, thanks for sharing Joe
thanks Joe
Next state to legalize sports betting could be Minnesota
https://eu.usatoday.com/story/news/nation/2023/05/01/next-state-to-legalize-sports-betting-could-be-minnesota/70173156007/
that's a very big jump, nice...no news on other states?
Colorado releases sports betting revenue for March, up 103% from February
https://www.gamblinginsider.com/news/20943/colorado-releases-sports-betting-revenue-for-march-up-103-from-february
XL Media targeting rev share model despite regulatory pushback
David King said: “Our strategy is clear; to diversify our revenue streams in North America while expanding our footprint, optimizing our sustainable gaming business, and upgrading and innovating our European sports sites.
“We currently earn the majority of our revenues in North America under the CPA model. This provides a very attractive income stream when a state first launches online sports betting, but does not necessarily provide predictable, sustainable revenues over the medium to longer term.
“We believe that it is important that we begin to participate in revenues from betting activity where operators are open to it, enabling us to build a more sustainable revenue stream.
“Since the year end, we have now entered discussions with a number of operators in North America to move to a hybrid revenue share model, similar to that in Europe, with lower upfront acquisition payments and ongoing participation in the revenue earned from betting activity.”
https://sbcamericas.com/2023/03/30/xl-media-rev-share-model-regulatory/
“Not ideal for operators” :)
I think a lot of people are completely missing the picture here. I work in the sector and a well verse of marketing deals. Rev share provides long tail revenue but also often is offset by winners. If rev share deals is 30% someone will need to lose around $1000 for an affiliate to get a $300 revenue share payment. That’s close to $13k turnover on an individual player basis. On a cpa deal of $300 which is a reasonable payment affiliates get that on day 1 or after a few very small hurdles are met (like 5 bets placed). Trade off immediate payment vs payment much later down the line and $300 for every new player irrespective of player value vs the likelihood of those players going on to spend that much money :)
CPAs are ideal for operators so it hurts them much more. Just look at the other numbers coming out of global affiliate companies :)
NRL seeking to cash in on ‘absolute revolution’ in online sports gambling in US
League executives will travel to Las Vegas to negotiate city hosting a pair of round one games and tap into booming betting market
https://www.theguardian.com/sport/2023/apr/27/nrl-seeking-to-cash-in-on-absolute-revolution-in-online-sports-gambling-in-us
It will happen....
A RNS to say they've sold the PF division should give this a kick
"The process is currently underway, and the business is engaging with a number of potentially interested parties"
13.1p to buy now
Very few pumping money into the markets then we will have the summer lull.
Bottom draw most stocks, but it will come good
Makes you wonder what they paid, selling at all time lows
just saw those they are both GBP 26k of shares combined, small amounts. That's retail, ISA level money :)
Oldboy, you're still convinced this is retail investors dumping 200k ?
Joe this is not short sellers as the trades way too small and no one in their right mind would short at these prices and with this PE...it's just last of the nervous small retail investors selling out - who need money.
The selling at these levels is either shareholders selling with massive losses, short sellers or manipulation for a cheap takeover
thanks Joe helpful, and the future is bright for XLM - we need California to open up!!
Sorry wrong link, here's the correct one
https://www.cbssports.com/general/news/u-s-sports-betting-heres-where-all-50-states-stand-on-legalizing-sports-gambling-plus-site-mobile-bets/
U.S. sports betting: Here's where all 50 states stand on legalizing sports gambling, plus site mobile bets
More than half the country has begun the process of legalizing sports betting
https://www.cbssports.com/nfl/news/2023-nfl-draft-trade-candidates-dalvin-cook-devin-white-among-14-big-name-veterans-who-could-be-moved/
yes definitely agree, remember though any move to revenue share will show possible initial dip (as you won't get the spikes from CPA) but ultimately it will be better, smoother and more predictable longer term. This has a very low PE, is way undervalued, but still expect this year to be a challenging year as they refine their revenue model and wait for more states open. Looking forward sale of PF, which hopefully will go through shortly. Then they should get motoring.