When a publicly traded company becomes a privately held company, the public company's shares are purchased at a premium by the investors buying the company. The company is delisted from the stock exchange where its shares formerly traded.
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Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for XLMedia. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
I sent an email to XLM at ir@xlmedia.com a few days ago to ask whether they had any comments on why their share price was so low, still waiting for a reply
Looking at the sp now, I'm glad I took the decision to sell 70% of my holding at 13.3p albeit with a loss from my average of 14.4p. Next question is when to buy back, if at all.