RE: XLMedia Valuation Could Reach $120M, Correction Imminent25 Mar 2024 10:17
Flava, I’m confused as to where your stance is here? Last week, you bought at 11.80 to then sell at 12.20. You then stated you weren’t interested in buying at 12.25?
Aside from that, you appear to have cherry picked your figures from 2022. Those US figures included a spike from the launch of NY in Jan 2022. The board have since stated that this was a one off.
The European assets for FY23 are expected to have contributed $21.4m of the $50m total revenue. Repeat again, in dollars. That’s 42.8% of the group revenue. Not to be seen again.
Whilst I agree, with the $42.5 is great business, this doesn’t immediately put that value into the company. They don’t see that total amount until a year from now and do you really think that will still be there, sat in cash, at that time. Not a chance.
Just for a balanced view.
GLA.