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Flava, I’m confused as to where your stance is here? Last week, you bought at 11.80 to then sell at 12.20. You then stated you weren’t interested in buying at 12.25?
Aside from that, you appear to have cherry picked your figures from 2022. Those US figures included a spike from the launch of NY in Jan 2022. The board have since stated that this was a one off.
The European assets for FY23 are expected to have contributed $21.4m of the $50m total revenue. Repeat again, in dollars. That’s 42.8% of the group revenue. Not to be seen again.
Whilst I agree, with the $42.5 is great business, this doesn’t immediately put that value into the company. They don’t see that total amount until a year from now and do you really think that will still be there, sat in cash, at that time. Not a chance.
Just for a balanced view.
GLA.
XLMedia's 2022 revenue was £19M (Europe) + £45M (North America) = £64M
Xlmedia sold of Europe operation for $42 million, so how much is North America is worth?
Nearly $100 million
We should be valued around $120 million currently but the price correction is bound to happen very soon.
$20 million cash hitting the bank on next Monday 1st of April 2024.
Current Mkt cap £32.63M 🙄
If discodogs bark is correct he will have our attention for ever....
Give it a year or 2, then 60p a possibility
I hope hes right though!I predict theres plenty of blue skies ahead
Aye he must be a millionaire with that vision haha
Nice crystal ball work Mr dog... Lol.
I've been watching from the sidelines since yesterday and noticed a significant number of large 100k buy orders. This could indicate share accumulation by major investors. Buckle up, this could take off soon!
Potential gains next week could be in the range of 150-200%
Ory who is the old CEO holds several millions shares with and average of approx 45p. He won't want this going cheap.. Shareholder value is by not selling the business and keep on trucking...
Crazy amount of single figure trades too.Oh to be a fly on the wall
More large unknown trades.
22-Mar-24 08:38:48 12.50 700,000 Unknown* 12.00 13.00 87.50k O
22-Mar-24 08:38:36 12.50 700,000 Unknown* 12.00 13.00 87.50k O
I'm seeing multiple block buys of 500,000 shares this morning.
The latest one is a £62,200 purchase for 500,000 shares at 12.44p per share.
Mad scramble to buy shares at the moment, higher this goes, better any bid will be...
Current market cap slightly under $42. And no value whatsoever for the larger and more commercially valuable and growing side of the company. This is 200% away for fair value as the sale price has highlighted. Should be another very good day.
If 35% of our European business revenue is worth $42.5 million, we can estimate the potential value of our North American business:
35% = $42.5 million
100% = $121.43 million (approximately)
North American business: $78 million
Assuming similar market conditions, our total market cap could potentially exceed £62.5 million.
Currently, our market cap is £32.29M.
Here we go - Cavendish value the current us side of the business at £48m! 50% higher than the current market cap, plus we get any left over cash and the “significant distributions stated by management after the result of this sale” plus continued upside driven from broader US sector growth over the next 5-10 years…
“ North America Sports
Estimated by Cavendish to be worth an estimated £48m, the company established a North America Sports market presence three years ago and since then they have focused mainly towards this market, as opposed to a Europe Gaming-led concern. Around 65% of the company’s revenue came from North America Sports in 2022.”
I'm expecting a director buy RNS anytime soon. Looking at the large trades gives a clue that they want the share price to be above a certain range before fully selling the whole business.
They are expecting a range of 30-35p to offload the entire business. DYOR
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
21-Mar-24 14:06:54 12.425 1,750,000 Unknown* 12.50 13.50 217.44k O
21-Mar-24 14:06:39 12.35 1,500,000 Unknown* 12.50 13.50 185.25k O
21-Mar-24 14:07:32 12.425 1,750,000 Unknown* 12.50 13.50 217.44k O
21-Mar-24 12:40:17 12.16 1,350,000 Unknown* 12.50 13.50 164.16k O
Surprised it didn’t edge up higher than this today. They have sold a part of the business for basically what the market cap has moved up to today. There is therefore no allowance in there at all for the remaining business which is arguably the better bit. Even then there could be an approach for that and another big premium. Even after today’s rise I don’t see much downside here in the short term though it may be a bit choppy! Suspect we’ll see 20p before long. If the various managements of this business hadn’t been so bad at capital allocation this would have shot a lot higher today.
Interesting article here
https://freebet.com/share-price-of-xlmedia-soars-following-disposal
24p last month? I believe the last time it was 24p was in February 2023. I'm happy to be proved wrong.
The cash and prospects should see a steady re-evaluation towards the 50p mark now I reckon.
Looks a bit of a no-brainer providing the sale goes through. Just quickly disposed of a number shares in order to make a fairly sizeable purchase (for me). Can't see this below 20p for very long so pleased to have got it considering I tried and was unable to pick up anything an hour or so ago.
Unlike a lot of the pumped baseless rises that occur on a regular basis these days this one actually stacks up and then some!
Director buys from 17p - 51p for 1 million shares.
07-Dec-22 02-Dec-22 Buy Marcus Rich 16.95 GBX 88,458 88,458
06-Dec-22 02-Dec-22 Buy David King 17.00 GBX 100,000 100,000
27-Oct-21 26-Oct-21 Buy Julie Markey 42.00 GBX 14,284 63,064
27-Oct-21 26-Oct-21 Buy Julie Markey 41.00 GBX 48,780 63,064
23-Sep-21 23-Sep-21 Buy Stuart Simms 51.40 GBX 27,110 1,032,083
18-Mar-21 18-Mar-21 Placing Stuart Simms 40.00 GBX 125,000 1,004,973
Absolutely goes higher here into close…
24p last month before this deal makes it an easy investment decision here.