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Started: InvestorACE, 26 Apr 2024 14:28
Last post: pickedpeck, 21 May 2024 08:48
Just a thought, won't the impairment and subsequent paper loss be able to be offset against the sale price to minimise tax paid on the gain? Seems a shrewdly timed move if so.
0.5p drop after results?
Clearly everyone else didn't read any bad news.
Dont forget the 40m impairment was a kitchen sink one off, it's happy days from here folks..
Peaky, my comment earlier was aimed at four or five who came here spouting £110m mcap, 200% next week blah blah and abused me when I clearly pointed out what was written in previous RNS’s.
There won’t be anywhere near $37.5m after transaction costs, tax liabilities, acquisition cost and US operating costs. . Still healthy but not what most are saying.
That said, I think the remainder of the business will be sold. At some point.
Have a good day. 🤙🏼
People who negatively post all day have anger inside issues...
Oh really? Another one who thinks this is cash rich! How much of that cash do you think will be left, once the final payment is received?
Started: luckymaybe, 25 Apr 2024 11:21
Last post: pickedpeck, 26 Apr 2024 09:17
In the absence of other news you have to wonder whether this latest little jump is about results being leaked, they will be known inside the company now. Three weeks until we know.
Tripled up - looks anobvs break out from here and the fundamentals support higher mcap.
Cash is king in this mofo market
Good luck fellow investors & gamblers.
Fingers crossed
Good to see this pushing on.
McAp really didn’t make sense to me post divestment..
If 15p is broken, I see no resistance until 25p. Let's hope
Started: pickedpeck, 17 Apr 2024 16:58
Last post: mt150, 24 Apr 2024 10:59
Results on 17th May as per RNS just come through
Yes all quiet everybody waiting to see which option they choose - good luck to all
Agree. Share buy-back and investment in the business much preferred to a special dividend. I didn't buy in here just to get repaid some of my own money back, I bought in because it is still very undervalued and investment in the business or buy-backs should materially affect the share price on the upside. There is also the good chance of a bumper bid for the remaining business in the meantime.
Just the 2 trades today. It will be interesting to see what they do to try and aim to provide the shareholder value promised with the receipts from the sale . Looking at the ownership it would be to try to get to a value so Premier Investissement / directors get a return. You would think that share buyback would be a better alternative than special dividend, given the UK market is so poor at the moment as this would at least give some volume to support the share price. Anyway keeping patient and waiting.
Very strange. Given the huge change this business is going through right now, the lack of volume and SP movement is very surprising. I thought it would be a rollercoaster of highs and lows for a few months following the announcement. I sit patiently waiting.
Started: pickedpeck, 4 Apr 2024 11:03
Last post: pickedpeck, 9 Apr 2024 15:09
Its always possible that the special dividend could be at or around the current share price given the cash raised. That could be quite entertaining.
Agree, not really interested in a special dividend as the share price would just drop by the corresponding amount anyway. Share buy-backs at this lowly price would make sense, or if they can put the cash to good use for growth then that would be the priority. What we don't want is the money frittered away on poor capital allocation decisions which has been a theme here.
I'd personally prefer a share buy back than special dividend..
For that sort of money and current sp, they could buy 20% of the current free float back...
A very fair assumption, and the second option is my guess.
I feel fair value would be around 40p which would be a great buy if you had the money!!
So here we are, sitting at the value the company has sold just the European business for.
There are only two possible outcomes here:
1. The European business sale goes through and the company continues to trade and focus on growth in the US, the market value for that business should be more than the current mkt cap given the removal of any perceived liabilities.
2. The European sale goes through, and the company follows up with a sale of the US business maximising short term value for shareholders and ceasing to exist. The US company would sell for a multiple of the European Business given the growth and revenue, and also the fact a US buyer would pay a higher multiple.
Either way, a moderate level of patience here should be well rewarded for holders.
Started: petroinvestor, 28 Mar 2024 09:25
Last post: Pompal, 28 Mar 2024 14:59
Over the past week, I’ve noticed a syndicate of these traders. Same, repeated nonsense or even abuse. Word for word posts going way back and across multiple stocks. Almost as if they have these as a default and available at the touch of a button.
I wonder how they do this or how LSE allows it? Weird. If I were a cynic, I’d say…. well, let’s leave it there. 😉
Don't talk nonsense either. Spike pulled in traders who may wander off. The amount of cash being raised still matches the mkt cap of the whole company for only 1/3 of revenue, and less than 10% of growth.
Don't get distracted by gloomy traders, value here is still be be realised.
Hope people don’t get spiked, well done who made profits, profits are only profits till banked
Started: 4ndy, 21 Mar 2024 16:45
Last post: InvestorACE, 27 Mar 2024 09:00
I should add that only really think risky stocks are worth betting on so I analyse lightly. More interested in volatility
I “invest” in positive cash flow blue chips, property and inv trusts.
This sort of thing just a gambling hobby for me so anybody reading should not take my opinion seriously…
Pompal I tend to take a much simpler view that even if they literally set fire to all the cash and threw Petrol on it the part of the business that does 2 thirds of the revenue must be worth more to them than 30 mill mcap.
That’s if they set fire to the cash!
I like to keep it simple, over analysis is paralysis.
Hi Jackbal
Just for clarity, I bought at 11.90 this morning and will add more if this hits 10.
How much of the cash do you think will remain, after covering asset transition costs, paying the final deferred US acquisition payment and settling outstanding tax provisions and providing working capital to support the North America business? I think they’ll probably be a 2p divi returned to investors, within that, which is not to be sniffed at.
An obvious buy for me on the pullback as it takes a breather.
Mcap almost fully supported by cash position after selling the part of biz that did about a third of its revenue.
If that’s worth 37.5-42.5 million then what’s the bigger part worth.
Market giving it 30 million mcap??? Nah I’m a buyer at 12.25 and any 1p and increments lower. Cash catalysts are usually worth it
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.
Started: flava, 25 Mar 2024 07:49
Last post: flava, 26 Mar 2024 13:47
Pompal, no worries at all. Sometimes it's best to avoid arguing with random people on chat boards. Life's too short to waste on negative energy. Let's focus on making money and keeping our conversations respectful.
Flava, you don’t know me but I’m not the type to take that rubbish from an internet big boy troll. Especially when people are ticking up his immature nonsense. I will stand my ground.
Point taken though and apologies for any offence.
Pompal, why would you engage with anyone on this board if they're behaving in that manner? You keep replying to the same insults, and it's going nowhere. ATB
Flava, please show me where I started abusing anyone with pathetic, childish insults?
OMG, you both need to be reported now. Hopefully, you'll get banned from LSE forever.
Started: Jmtruelove002, 21 Mar 2024 13:21
Last post: flava, 25 Mar 2024 15:48
CEO Stuart Simms resigned back in mid-2022, and he held an average of 45p. He has over 2 million shares.
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
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...
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.
Started: Discodog, 22 Mar 2024 15:04
Last post: luckymaybe, 24 Mar 2024 17:34
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.
Started: flava, 22 Mar 2024 09:00
Last post: Islandgirl, 22 Mar 2024 09:32
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.
Started: flava, 22 Mar 2024 06:17
Last post: flava, 22 Mar 2024 06:17
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
Started: pickedpeck, 21 Mar 2024 14:17
Last post: NAVYRRET, 21 Mar 2024 16:07
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…
Started: EarlofAim, 21 Mar 2024 14:05
Last post: Alans55, 21 Mar 2024 14:09
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
Last post: Ikhan1284, 21 Mar 2024 13:48
Another RNs tomorro morning with good vibes
Started: bergo, 21 Mar 2024 11:51
Last post: InvestorACE, 21 Mar 2024 13:28
@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.
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
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
Started: petroinvestor, 21 Mar 2024 12:57
Last post: petroinvestor, 21 Mar 2024 12:57
Most traders enter and exit with profits, and if you stay too long, you'll be left holding the baby.
Started: flava, 21 Mar 2024 12:33
Last post: flava, 21 Mar 2024 12:54
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
Last post: Pompal, 21 Mar 2024 11:47
Yep, I’m all out too. Lost a bit but no dramas. Won’t be buying back either. The BOD have decimated SH value here whilst, IMO, looking after themselves. This one doesn’t sit right with me.
GLA.
At 10p, thank you buyers. What a suprise this one is, out with a nice profit. Dont think I will be buying back again, good luck to all
Ah sorry, couldn’t see it. 👍🏼
Read #rns lol sale of assets
Anyone know what’s going on here?
Started: tommy15, 12 Mar 2024 17:42
Last post: tommy15, 12 Mar 2024 17:42
Net income for the first half was $4.7M. That's from an "adjusted EBIDTA" of $6.5M.
They are projecting a FY adjusted EBIDTA of $12M, so $5.5 from H2.
But lets be super conservative and say that this $5.5M of adjusted EBIDTA translates to 0 of actual net income.
So that's a net income of $4.7M, or ~£3.9M, vs a Market Cap of £16.6, giving a PE of ~4.3, ASSUMING NO INCOME IN H2.
What on earth??
OK, it's not continuing to grow explosively after NY opened up; OK it looks like a while until the next big state opens up. But $50M of revenues is perfectly respectable, they have no debt, and they only have max $7.5M more deferred acquisition payments to make.
Why is this so cheap? What am I missing??
Started: silverknight, 11 Mar 2024 17:48
Last post: silverknight, 11 Mar 2024 17:48
Hospitals have still got plenty of patients
Started: maddogmcree, 30 Mar 2023 08:31
Last post: ripley94, 6 Mar 2024 15:56
Just looking back at JammyC share buy picks a year ago .
This one along with RGBP,SAGA ,PXC, THS .
All well down 3 more then 50% .
As poor as my own lossers .
Peakybinder... last year.
No one has any patients these days...Buy your shares now and sell in 1,2, or 3 years.....
My guess then is 60-80p if not more.. Gla
and still very very cheap at these levels and PE ratio
Hi new to this thread come over from ADVFN. Holding this for a while. Naturally disappointed in the share price with my average being 48. Thought the results were very strong in NA, but the lack of new states opening this year could be a challenge for this year's growth as we won't get many new spikes this year. Very much also need the sale of PF communicated soon - hoping that will happen next few weeks. Thoughts from other posters welcome, there seemed to be many very confident buys around the results, share price still suffering however. Probably slow burn this one. Thoughts welcome
Volume: 2,088,987 now
Bit more Volume today
1,186,445
Started: Pompal, 8 Feb 2024 08:46
Last post: NAVYRRET, 1 Mar 2024 16:46
That's a big buy at the end of the day. Hopefully someone knows something...
Just reread the December TU and today’s results, both revenue and ebitda, come in at the low end of the ranges given in that update, _after_ taking into account the trading disruption announced. So certainly a lackluster performance, yet again.
Some management competence I suspect. Whilst this looks cheap, there is absolutely nothing to suggest the sp won’t keep dropping like it has done for years, and profit gradually eroded.
There’s no new information here. We know there aren’t many state launches lined up. They already told us about the issues with Barstool. “Consolidation” is exactly what we need - continue operating, signing partnership deals, and ideally more revenue share agreements. No more expensive purchases of websites, no more overhauling of the business model. Meanwhile the valuation is ridiculous. I don’t understand what the market expects of this share!
Nothing to expect from this year then. Sigh. Unless they manage to get a decent offer but highly doubtful with the sp sat at 6p.
Where is the floor then? As poor as this is, we still did @£41m rev and £10m ebitda. We’re valued @£17m. 🤷🏻♂️
Started: johnspursblue, 4 Jan 2024 14:55
Last post: NAVYRRET, 9 Jan 2024 19:11
At last Caroline is going. Can we get the business moving now guys, and providing clear progress updates? Thanks.
Here is a response from the IR company Vigo Consulting. Communication skills are obviously not a job requirement
Thank you for your email regarding XLMedia.
Apologies for the ambiguity in the announcement of the 27 July 2023. I can confirm that the only asset sold was the Personal Finance business. Reef Media was rationalised and retains a small number of profitable clients, and Blueclaw Media ceased to provide marketing services to external clients, but continues to provide services internally.
I hope this provides greater clarity and if you have any further questions, please don’t hesitate to let me know.
Kind regards,
Fiona
Started: johnspursblue, 28 Dec 2023 15:32
Last post: johnspursblue, 28 Dec 2023 15:32
Can anyone explain this to me? Last July in the trading update the board announced "We have exited non-core activities including the sale of the loss-making Personal Finance business, Reef Media and Blueclaw which contributed US$0.6 million revenue (H1 2022: US$2.1 million)."
Why are Caroline Ackroyd and David King still directors? This is from Companies House: hxxps://find-and-update.company-information.service.gov.uk/company/05985341/officers. Did they sell Blueclaw to themselves?