Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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The money we get is worth more than the company plus we still have the company and some fantastic prospects. 30p all day long.
It was 24p only a month back in February...I see this going back to that level at least!!
Those numbers approx. make sense to me for total biz ($63m US and $34m Europe, CA, etc). But that doesn't account for market growth in US. It's bonkers relative to UK/Eur. US growing 20% CAGR recently plus 10% next 5 years, UK /EUR flat to 2%
$42.5m is around the market cap at 12p. There is the larger and faster growing other part of the business which will be left post disposal.
Not too long ago the share price was 50p, inside the last two years it was 30p.
Taking off the 1/3rd of the company that is being sold for 12p a share, the remainder should be valued somewhere around 24p.
It is also possible that this is the first of two separate sales, the US part of the company could also be sold probably at a higher multiple, realising the 24p or more for shareholders.
Basically this still has a lot of up to go from 12p based on this deal. The price pre deal was nonsensical and shows the failure of the London market rather than anything to do with the company.
This will finish closer to 20p today...watch it move this afternoon into close!!
You only ever turn up when a share has risen. Never a peep out of you beforehand earl just because you think it makes you look like you know what you are talking about. Derrrrrrrrrrrrrrr
Don't get distracted by Davy50 posts, old man lives in the 80s
rns was good and Sp done well what's the fuss about???
GLA
Another RNs tomorro morning with good vibes
So we can say it must be worth around £75-80 million when comparing to current sale.
To XLM, 60-65% of their business and increasing...
@davey50 is a clueless old fool. He never invests in anything apart from his mate Ria20's pump and dump stocks.
?
Not Mexico sorry Brazil
@davey if you had any clue about this business and long term holders you wouldn’t sprout this rubbish. Obviously you’re annoyed you weren’t in enough or sold out at the bottom. At the end of the day, I’ve been saying and many others here that Xlm has been truly undervalued. Yes its price action has been poor as it probably needed a little more cash, it was going through a transformatice turnaround which takes time to focus on US and big restructure. Anyone saying the sale of the European business was not right for shareholders is a debate. I think it was spot on. Knowing the industry very well? Europe is mature, highly competitive and in soon regions declining. US is where the play is over the next 5-10 years alongside Mexico and Africa so this RNS imo is transformative and will be to price action over the medium term.
Most traders enter and exit with profits, and if you stay too long, you'll be left holding the baby.
I ended up buying 100k at 11.80p and sold them for 12.20p – thanks for your advice! lol
PS: I was on a flight, so I couldn't access my PC :)
Not being rude, but have you used a PC before? You post the RNS over an hour and a half after it was released, when everyone can just click the news icon above. Then you say you can't buy, when I can buy 250,000 no problem.
Maybe this isnt for you. Take care.
Anyway, not interested at these prices. Good luck.
Davey50, I'm serious! I tried to buy £5,000 worth, but I can't make the purchase on Barclays.
Flava amazing how many times you write you cannot buy when you can easily
Hey it might go to 20p it might go back to 9p that is the ponzi style market now on the flyers. Lots of people desperate for quick bucks will take the risk. I will not
12.60p paid now....but i can't buy anything.
What's the price target here? 66p late 2022
Depends how you look at it. No matter how good the news certain posters on here will not be holding in a hours time but claim a price is going to rocket. Weird how existing holders are selling out so they are not happy with the deal. Me personally will not chase anything that has already spiked up a huge %. They were paying 12p in Road yesterday on similar asset worth more than market cap play today they were selling at 7.5..it's just a ponzi how high will people chase the fundamentals mean absolutely nothing now
Following the announcement on 15 December 2023 that the Company had been exploring the opportunity to create shareholder value through further asset sales, the Company has now agreed a sale of its Europe and Canada assets with GAMB.
Total consideration for the Transaction is up to $42.5 million, with fixed consideration of $37.5 million ("Fixed Consideration"). In addition, the Transaction provides earnout consideration of up to a further $5.0 million based on revenue performance ("Earnout Consideration").
The Revenue and Adjusted EBITDA1 attributable to the Assets for the year ended 31 December 2023 is estimated to be $21.4 million and $6.6 million respectively.
Based on the expected Adjusted EBITDA and Revenue for the year ended 31 December 2023 ("FY23"), as announced on 8 February 2024, the total consideration of $42.5 million represents approximately: