Xlmedia Share Price (XLM)

Apologies. Typo. 67-68p should read 71-72p

The price is drifting for a range of reasons:

1. It was propped up by the tender offer and the buyback scheme. That is now finished. I found it staggering (but delightful) that more people did not take the tender up. The probability was that the sp would fall as soon as the offer closed. As it turned out, those who sold at 80p and buy back at 67-68 on the day.
2. Anyone who thinks that OW walked is kidding themselves. There was a fund-raise at a full price immediately before a profit warning. That raise has subsequently effectively been used to buy shares back. Pretty obviously no one raises money by way of a share issue to repurchase shares... He has now been made to fall on his sword and, unless an ii has offered to ake up his shares there is an overhand which will hold the sp back until it is cleared.
3. Anti-semitism rules - there have been a number of Israeli founded/managed companies that have "disappointed" so - unsurprisingly - the market is suspicious.
4. The business is refocussing. Always a risk.
5. There is a new CEO coming in - he looks good. Just remember Warren Buffet: "When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact ..."

Having said which I am not bearish. I tendered all my shares and subject to my maths sold approximately 30% at 80p. I rebought the cash equivalent at below 70p. I think the refocussing is sensible and the new CEO looks more than capable of delivering. XLM's economics look OK - it generates cash and the dividend (which I still think maybe cut a bit - see previous posts) is nevertheless very good. Longer-term, as confidence returns, the sp will climb which is why my holding is now just over 85,000 shares and will continue to rise as and when.

GLA
GS

Can't see why this is drifting. GAN had a good set of figures out today and they are still loss making but their share price rises.
SP is beginning to drift. Be interesting to see what the BOD do.
CM

It would be a mistake to think that gambling addiction is restricted to online Casino-type operations, Roo. My nephew's addiction has only ever been one relating to sports gambling - horse racing and ball games (soccer, rugby of both kinds and, dare I say it, cricket!). It's in this way that he sees it not as gambling at all but he's delusional. His family and friends have been unable to do anything about it and he squander all of his spare cash on the addiction rather than providing for his future and secure accommodation for himself.

Rampant by all account.Chicago have no license and are losing massive taxes to Illinois.
Don`t know what this means for XLM but some seem to feel betting the in the States is a big thing for us.
Morning all.