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Looks like Ory has put his hand in his pocket again. 750k shares
CM
At the end of today this will have a market cap of GBP 57 Million against a YE turnover of GBP 59 Million.
With a PE in low single digits this is a screaming buy at this level. A total over reaction - think SAA and Tullow Oil - both moved quickly north after profit warnings recently. I sold both at a huge profit shortly afterwards. I'm following the same game in stocking up here too.
DYOR,
CM
Can't get a buy on this at the moment. Looking to top up and squirrel away.
I have to agree with T here. The trend is downhill at the moment caused by another own goal by the BOD. How could you put out a statement saying the company is undervalued and that the sp doesn’t reflect the real value. This was rationale behind the tender offer at 80p. This was followed by radio silence and then suddenly, ‘we still have headwinds’. Totally undermines an already fragile confidence in the company’s outlook.
I hope to be proved wrong but this ‘jam tomorrow’ surrounding the American gambling market doesn’t appear to be gaining traction at the moment. I mean, it would be good to get the occasional update from the company - see GAN on this matter. Regular updates and a positive newsflow translates into a higher SP.
I’m not sure who is advising OW but I bet his accountant is having sleepless nights given his ill -timed share purchases. I have taken money off the table for now in the hope that things change for the good. I hope all does come good......but I don’t thing the trend downwards is going to end anytime soon.
As always DYOR.
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
I can see the position you’re coming from. I am sorry for the problems that your nephew went through. I am invested here so I have my own viewpoint but nevertheless I appreciate yours too.
I’m awaiting an RNS before the end of the day. IR have said as much.
CM
If we’re being punctilious, all three make money from other people’s misery whatever way you look at it.
Can’t understand why you’re on this board? Do you have a stated agenda regarding the shares one way or another?
CM
CM
Same could be said of the tobacco, arms and petrochemical industries, but they seem to have done pretty well in the past. A bit naive GFD.
CM
WTF??
Share price falling. Tree shake maybe. Or, as I suspect, more insider dealing.
CM
I have bought back in this morning. I’m hoping that after tomorrow we may see a break out.
CM
GAN have a strong set of results off the back of growth in online sports betting in the US because of the improved regulatory environment. This bodes really well for XLM. Hopefully the analysts in the city will notice this and should move the SP.
CM
I agree. There have been some unusually big buys over the past 24 hours. Including on for nearly GBP 2M yesterday. I think Ory moving on may signal (IMO) that another entity is looking to take the reigns. There is some definite stake-building going on. I won’t be too surprised if we see a full take over in the not too distant future.
I am a holder (after offloading some recently) of circa 107000shares.
CM
It’s gone quiet for a while following the offloading of Swedbank’s holding. Hopefully we’ll get some news soon!!!
CP
This SP is being manipulated to an unreasonable degree. I don't think insider trading is taking place because of the low volumes but some in the city are trying to engineer a move downwards. Can't for the life of me think what Berenberg are doing for their money putting a £1 price tag on this share. Very shady indeed all round. The board seem either oblivious or unable to cope with the relentless push on the SP.
CM
What will it take to move the SP? I know there are wider market concerns but we seem to have been in this rut for quite some time.
Hi GS,
You’ll find it was River and Mercantile Asset Management. They mopped up the excess stock. A good sign. Obviously.
CM
There was a major RNS holding delivered at 9am this morning.
Seems like they were sells. But does this mean someone mopped up excess stock?
Any ideas?
We need some positive noises coming out of that agm tomorrow or else there is going to be a continued drift? Hope some of the big investors start to ask some questions.
CM
This from Stockpedia today:
Why the XLMedia dividend deserves a closer look
9:42am by Ben Hobson
UK stocks paid out an eye-watering £100 billion in dividends last year. While big, blue-chip names often dominate the discussion when it comes to dividends, high yielding small and mid-cap stocks like XLMedia (LON:XLM) still pack an impressive punch.
Given the unsettled market conditions over the past year, those record-breaking payouts were more important than ever. They were proof that solid, high yielding dividend stocks are a strong source of investment profits in both good times and bad.
These kinds of dependable returns are a major reason why high yielding shares are so popular. So how do you find them?
Well, there are various ways of finding the most attractive dividends, but I’ll show you a strategy with some basic rules to put you on the right path to finding some of the best dividend stocks in the market. Let’s look at the XLMedia dividend as an example of how it works.
GET MORE DATA-DRIVEN INSIGHTS INTO LON:XLM »
Three rules for finding dividend shares
1. High (but not excessive) dividend yield
Yield is an important dividend metric because it tells you the percentage of how much a company pays out in dividends each year relative to its share price. High yields are obviously appealing, but caution is needed. When the market anticipates a dividend cut, the share price will fall, which actually pushes the yield higher - but this can be a trap. So it pays to be wary of excessive yields.
XLMedia is an speculative, small cap in the Media & Publishing industry and has a market cap of £103.3m. It has an eye-catching dividend yield of 10.6%.
2. Dividend growth
Another important marker for income investors is a track record of dividend growth. Progressive dividend growth can be a pointer to payout policies that are being handled carefully by management. Rather than aggressively dishing out earnings, dividend growth companies tend to have more modest yields, but are better at sustaining their payouts.
XLMedia has increased its dividend payout 3 times over the past 10 years.
3. Dividend cover
Attractively high yields obviously turn heads - but it’s important to know that a dividend is affordable. Dividend cover is a go-to measure of a company's net income over the dividend paid to shareholders. It’s calculated as earnings per share divided by the dividend per share and helps to indicate how sustainable a dividend is.
Dividend cover of less than 1x suggests that the company can’t fund the payout from its current year earnings.
XLMedia has dividend cover of 1.92.
Next steps
With these three dividend rules, you can track down high yield shares with a record of growth and safety. On this basis, Xlmedia could be worth a closer look.
Good bit of PR on Ory's part and shows a good level of commitment. Hopefully we can move on from here. I get a sense that the BOD was starting to feel uncomfortable with the level of unease amongst investors.
GLA