XLMedia Live Discussion

Bowman 28 Jun 2018

Large Drop XLM today Claude, If you want to address a post directly to johnymccarthy, then start your post with @johnymccarthy . If you are replying then your post will appear in the same thread, under the same category and tag. If you wish to add a new subject (i.e. a new thread in the parlance related to this site) then you have to go to the main discussion page for XLM, which you get to by clicking the grey field at the top of this page with "XLMedia (lse:xlm) "in it. Once there you will find a grey field at the top right with “+ New Topic” in it. However, before starting a new topic/thread then check with the ones you can see or scroll down a bit, to see if your subject fits with another existing thread. Hope that helps!

claude_reins 28 Jun 2018

Large drop in XLM today unexplained I havent any idea on why the SP is down again to 106-108. Any thoughts anyone who can find their way around this NOW TERRIBLE website. (By the way, I will be looking to move out my funds in the relatively near future when it is convenient to me to do so.)

claude_reins 28 Jun 2018

Large Drop XLM today claude_reins: Hello I dont know how to do other than reply. I wanted to put in a new message about the drop today which seems unexplained - down to 106p - but there doesn’t seem to be anywhere to put it. Also, when I have put in this reply, there isnt the separate Reply box of old do very confusing. Anyone anything to add about either 1. the SP drop and / or 2. the New Post / Reply situation? Has this turned up against your name, Johny, which was the original intention.

claude_reins 28 Jun 2018

Large Drop XLM today Tai100: I used to work at XLMedia and I can tell you that this share drop was a long time coming. The foundations of XLMedia (known as Webpals in Israel) is SEO (search engine optimization) affiliation, namely sending traffic and players to its casino and betting brands via its SEO optimized referral sites. The margins in successful SEO are huge - upto 80%, much higher than any other acquisition channel (PPC, Media buying etc). The reason for the success of XLMedia and its IPO. SEO results though have been in decline since '15 when the old management and partners left and the new CEO (Inbal Lavi) joined from 888. In addition to losing this institutional knowledge she decided to move away from SEO and focus on lower margin channels buying cheap mobile app, display companies DAU UP and Clicksmob (which have been a failure) For over 3 years now XLMedia have not had a big presence in any of their target casino SEO markets (Sweden, Norway, Canada etc) XLMedia works on a revenue share basis meaning that you still see revenue from their partners long after you send the player, thus why results were still good despite the no of players being sent through in decline. Eventually though the no of ‘live players’ drops and the revenue share drops. The chickens have finally come home to roost from the poor focus on the company’s core business. Hello I dont know how to do other than reply. I wanted to put in a new message about the drop today which seems unexplained - down to 106p - but there doesn’t seem to be anywhere to put it. Also, when I have put in this reply, there isnt the separate Reply box of old do very confusing. Anyone anything to add about either 1. the SP drop and / or 2. the New Post / Reply situation?

BuySel 18 Jun 2018

It was time to buy XLM today after the 3er day falling Nice to see someone believe are undervalued OYSTER - Sicav increasing their stake to 7.191% from Position of previous notification 6.33% RNS - Date on which the threshold was crossed or reached: 14/06/2018

BuySel 15 Jun 2018

It was time to buy XLM today after the 3er day falling Steady buying this morning with share price rise at the same time, the large trades being done at middle price as normal Looking strong as buying is done at full offer price 115p

BuySel 14 Jun 2018

It was time to buy XLM today after the 3er day falling The full comment of Moody’s upgrading EnQuest… Rating Action: Moody’s upgrades EnQuest’s rating to B3, stable outlook London, 14 June 2018 – Moody’s Investors Service, (“Moody’s”) has today upgraded EnQuest plc’s (EnQuest or the company) corporate family rating (CFR) to B3 from Caa1 and probability of default rating (PDR) to B3-PD from Caa1-PD. Concurrently, Moody’s has also upgraded the senior unsecured rating of the $677.5 million notes to Caa1 from Caa2. The outlook on all ratings remains stable. RATINGS RATIONALE The upgrade of the rating to B3 from Caa1 reflects the successful ongoing ramp-up of Kraken leading to an increased total production in 2018 of around 50,000-58,000 boepd from 37,405 boepd in 2017. Timely Kraken ramp-up has been a very important rating driver and the progress demonstrated by the company in 2018 reduces the ramp-up risk to a large extent. The production increase is also supported by higher oil prices averaging at around $70/bbl in the first 5 months of 2018. This should result in materially improved cash flow generation in 2018 and deleveraging with adjusted debt/EBITDA expected to around 4.0x-4.5x from its peak of 11.6x in 2017. The upgrade of the rating to B3 also reflects Moody’s expectation that the company should be able to maintain an adequate liquidity profile. Kraken started producing first oil in June 2017. However, the company faced instrumentation and familiarisation issues with the Floating, Production, Storage and Offloading (FPSO) vessel which caused delays to the ramp up of Kraken in 2017. This coupled with the decline in production on the existing assets due to the maturing reserve life resulted in lower production at around 37,405 boepd in 2017 versus 39,751 boepd in 2016. Kraken’s net production to EnQuest averaged at 4,709 boepd in 2017. However, the company has managed to resolve the FPSO issues and production is ramping-up as per expectations in H1 2018. Kraken has produced around 21,431 boepd in the first four months of 2018 net to EnQuest, which is a material step up from 2017 and de-risks the project to a large extent. Moody’s expects the company to generate EBITDA of around $650-670 million in 2018-19, assuming an oil price of $59/bbl in 2018 and $55/bbl in 2019. Moody’s also notes that 7.5 MMbbls of oil (around 40% of total production) are hedged at an average price of $62/bbl in 2018. Capex spending is expected to remain at around $250-300 million in 2018-19. This is expected to result in positive free cash flow (FCF) generation of around $300 million in 2018 and $150 million in 2019. As a result of strong EBITDA generation, material deleveraging is expected in 2018-19 to around 4.0x-4.5x. The B3 rating also reflects the adequate liquidity profile of EnQuest. The company has access to $1.2 billion of credit facility, split into $1.125 billion of term loan facility and $75 million revolving credit facility (RCF), out of which $100 million remains undrawn as of December 2017. This coupled with cash balance of $173 million as of year-end 2017, and expectations of positive FCF generation should be sufficient to meet its liquidity needs for the next 12-18 months. The company has debt maturities of $224 million in 2018 and $330 million in 2019, which includes maturities under the credit facility which starts amortising semi-annually in October 2018. Moody’s believes that the company should be able to repay these amounts through internal cash generation. A successful farm down of the company’s 70.5% stake in Kraken could improve the company’s liquidity position, the timing of which remains uncertain. Moody’s continues to see EnQuest as an efficient and strong operator in the North Sea, as demonstrated by its ability to quickly bring down operating costs from $42/BOE in 2014 to around $26/BOE in 2017.

BuySel 14 Jun 2018

It was time to buy XLM today after the 3er day falling An unexpected late move up but very welcome, with plenty of trades as it reaches the end of the day 112 v 113p +7.50p earlier on there was hardly any trade for 45 minutes

BuySel 14 Jun 2018

It was time to buy XLM today after the 3er day falling Many are waiting for a TO for the stock if stay at this lows for long. on this item The Dutch Co Adyen was on IPO today, The share price has doubled and is trading over 500 Euros.

BuySel 14 Jun 2018

It was time to buy XLM today after the 3er day falling Keeps bouncing UP since yesterday lunchtime, at the moment at best of the day on a very steady rise 109.50p +4.50p

BuySel 14 Jun 2018

It was time to buy XLM today after the 3er day falling Yesterday note from - Investors Champion Investor's Champion – 13 Jun 18 XLMedia - bonkers valuation of the week! View the full article on Investor's Champion Following a disappointing trading update, the share price of this hitherto high-performing provider of digital performance marketing has taken a huge beating this week. Is there more trouble ahead or is this now a bargain to be snapped up? What does it do? Our Premium Research from April 2017 provided an in-depth look at XL Media (AIM:XLM). Using paid advertisements and its own websites, XL Media directs paying users to partners primarily in the gambling industry. It has also been branching out into financial services and other high-value sectors, to the extent that gambling now only represents 64% of total revenue from 83% last year. It calls itself a “performance marketing company”, since it operates differently to a traditional media or advertising business. Rather than being paid a one-time fee for a click or a view by advertisers, it typically enjoys a long-term share of the revenues (48% of revenue in 2017) from those users it directs to its more than 200 gambling operators and 300 non-gambling operators. Income to XL Media is performance-based since it is either a share of the long-term revenue generated by the user at the web destination, or it is triggered by the user taking a particular action (making bets of a particular size, for example). Group web sites are primarily designed to provide users with useful content, albeit content which is heavily geared toward funnelling them into the B2C operator’s services with the intent to use those services. The company is registered in Jersey and operates from Israel, two features which instantly suggest a higher risk profile for UK investors. That hadn’t put-off some highly regarded UK institutions, although at the first sign of trouble, which we have seen this week, many have clearly made a bolt for the exit! Back in April 2017 we described the shares as ‘superficially cheap against the current market valuation’, also commenting how it has been dishing out hefty dividends to shareholders. The share price rose 80% over the next 12 months reaching a high of 225p by December 2017. The shares currently languish at 100p. …

BuySel 14 Jun 2018

It was time to buy XLM today after the 3er day falling Slowly is warming UP for better things to come Buyers are paying full offer 109p, already up not long ago

BuySel 13 Jun 2018

It was time to buy XLM today after the 3er day falling There is a say " Men Tend To Fall In Love After Just 3 Days " Well, I did fall for the stock after the spike down this morning, so I bought some. It seems there was a larger size seller on the market that every so often drops 75K to the MMs desk, another time got 100K, so as the market, in general, is also down, MMs were not in a hurry to get the stock higher while sellers were around. But looking at the mild negative RNS, there is no such a reason for the savage 39% marked down of the last 3 days, and considering the company has got cash ready for further acquisitions, the low PE will get the stock moving higher soon, many where waiting till 100p, it got close to it 100.50p and then very slowly bounce back all afternoon .

claude reins 01 Jun 2018

Re: Black Rock disposal There are always several ways of looking at any situation, and I can understand that you are looking at a 52 week performance. However, I am more concerned with what has happened since the beginning of this year. As a reminder, the company made of a placing of 8% additional shares at a price of 198p which was a creditable price with very little discount. It did raise over £31m so in principal increased the value of the company, and the market capital now stands at around £350m. There was little change to the SP on the enlarged share total till some time after the placing.However since then the SP has plummeted and is now at 164p 19% below the 198p placing. It has been as low as 154p. I wouldnt call that a very good performance at all. With all the hype surrounding the CEO, and I rate him by the way, and the rest of the team, it should have gone from strength to strength, not strength to weakness.PS This is my largest single shareholding, and so I feel it!However, since then the SP has f

midcapper 01 Jun 2018

Black Rock disposal From 5.71% to 4.99% (max): that’s 1,586,520 shares sold. There doesn’t appear to be a reciprocal Investment Fund buyer (that I can see), so that’s a lot of downward sp pressure that’s now been eased.However there’s still those small matters of Brexit, Italy and Trump’s Trade Wars going on. There will always be something, though, so a +30% 52-week performance isn’t too shabby in this context, but it would be nice to see us move back above the 200p mark.