RE: Worth buying at 12p?25 Nov 2024 20:13
Lucky, no it does not. You haven’t read it.
“In total, the expected proceeds from the North American and European business sales, including potential earnouts, could bring XLMedia’s total cash from disposals to around $72.5 million. Based on current shares outstanding, this represents an implied gross value per share of approximately 21.2p—significantly higher than the pre-announcement share price of 6.6p.
The company by April of next year will have between 57.5 to 72.5 million dollars in distributable cash, if we subtract 5 million dollars in costs we will end up with a total cash balance of 52.5 to 67.5 million dollars by April 2025. We end up with an upside between 20% and 68% in less than a year and minimal risk.”
Maybe you need to re read all the RNS’s.