johnymccarthy
04 Apr 2018
Re: The IC say Buy Ory Weihs.
BlackPrince
31 Mar 2018
Re: The IC say Buy That old "kiss of death" from the IC - thanks folks! Does anyone ever take notice of their 'tips'?
claude reins
27 Mar 2018
Re: RNS: Sedbank buying, go above 5% Yes thank you. Just testing to see how many are awake!
RichardLY
26 Mar 2018
Re: RNS: Sedbank buying, go above 5% except you mean 198p not 398p
claude reins
26 Mar 2018
Re: RNS: Sedbank buying, go above 5% Yes Gretel. Two buyers among the institutions which will I hope get us out of this SP decline spiral which does not reflect the value in the company. After all, very recently money raised at 398p; future share awards to staff based on min 302p.
gretel
26 Mar 2018
RNS: Sedbank buying, go above 5% Good to see another institutional holder buying more - Swedbank now have 5.23%, or 11.53m shares:[link]
claude reins
23 Mar 2018
Henderson hoovering up stock...... ....from below to above the 5% threshold. Who wouldnt at these prices?
frusset
19 Mar 2018
Re: Notes from presentation About sports betting in the USA, I've read a few articles and most authors or people they quote think legalization is more likely than not, though it might be left to each state to decide. There are reports about most of the justices being receptive to legalization during oral arguments. It's mentioned in a recent Washington Post piece. If the long URL [link] work, try googling "Awaiting Supreme Court decision, pro sports leagues prepare for legal betting".There are various estimates of how big illegal betting is, the Washington Post says it's over $100 billion. Obviously that's all unregulated and untaxed. I expect it's too hard to reduce the illegal betting to a much smaller amount, but I don't actually know. One possible problem, hopefully just in my imagination, is that the huge jackpot for betting businesses has attracted a lot of firms to prepare to grab a slice of the pie. I'm hoping there hasn't been enough time for anyone outside the industry to set up a platform, or for too many non-US operators to get a foothold in the US. The Washington Post expects a ruling "before July".Apart from reading a few pieces about the Supreme Court case, I know very little about sports betting in the US.
charlie51
19 Mar 2018
Re: Notes from presentation Thanks Gretel. it was a first class presentation - the more one sees Ory, the more credible he appears. He also places high value on engaging regularly with the PI community which is great. Very much in control in a market he has deep knowledge of. Paul Scott described him as " an intelligent fanatic as defined by the expert small-cap growth investor Ian Cassel. He has had important colleagues, for sure, but it has primarily been his vision which has created this company out of nothing and which is guiding it toward the future." Lavi is clearly very competent, but I'm not sure the rest of the board are anywhere near as strong. This might lead to some reluctance to engage for other potential investors.The guy from MoneySupermarket struck me as being very astute. His comments and endorsement provided a refreshingly different angle on things relative to those one hears from the usual suspects there.Current SP weakness is puzzling, the more one sees the XLM deliver the more confident I am to continue holding. That said the PEG of 2.64 on Stockopedia is high, but it cannot be long before forecasts for the current year are revised up. The stock rank there has also fallen from a very strong 90 plus a few weeks back to 75, chiefly because of the negative momentum in the that same period so I don't hold too much store by this.
gretel
19 Mar 2018
Notes from presentation I went to a post-results presentation at Berenberg's offices and came away extremely impressed and encouraged.Ory and Inbal Lavi presented. Most of what was said was as per the web cast and in the results. There was certainly a stress on "aggressive" growth targets, and on the potential for both organic and acquisition-driven growth.Even in the "home" Scandinavian markets XLM still have a relatively small share of their markets, and XLM are confident of growing this.They didn't want to go overboard on the potential in the USA. However, there are a number of reasons for optimism: - the potential lifting of restrictions on sports betting in the USA after the upcoming court case - the recent allowance of online gambling etc in Pennsylvania, which could spur further relaxation in other states. Pennsylvania should begin generating such revenues in H2'18 - money comparison web sites and take-up in the USA are well behind those in the UK and elsewhere. XLM are hopeful from feedback and performance to date that Greedyrates, moneyunder30 etc will grab a large slice of this marketThe rewards from some or all of the above could be transformational imho.Finally, there was an interesting interlude when a question was asked by someone who stated he was (1) one of the founders of Moneysupermarket.com and (2) a large shareholder in XLM. He noted he'd buy a lot more if XLM wasn't so illiquid! Given the consistently large volumes I'm really not sure about that.Anyway, he stated XLM was a "beautiful" business given the large recurring income arising from the book of referred customers from whom XLM gain a lifetime revenue share from the gambling companies.He believed that XLM should make more of this. He believed the City wasn't currently aware that XLM had such a significant bedrock of recurring income - and Inbal agreed that in theory they could turn out the lights, shut down everything else and have a highly profitable business sitting and collecting these revenues.If the market was aware of all this then XLM would trade at a multiple significantly higher than currently.This is probably true imo. Hopefully the process of re-assessing XLM has already begun given the successful January placing at 198p. Why the share price has slid to 182p - almost 10% below the placing price - is beyond my ken apart from there being a specific seller or two who need the cash. Perhaps they need profits to balance out losses in CVR/GNC/all the other companies who've recently warned!Any further acquisition news should get things going nicely.
frusset
16 Mar 2018
Re: The IC say Buy "I dont want to make too much of their reco for Conviviality last week ..."The Conviv blunder was signed "HR". Can anyone say if the Tip Update had a named or initialed author? XLM is in the "COMPANY RESULTS" section of the latest IC, with a "Buy" rec. Under the more factual stuff, there's a positive paragraph of comment, signed "MB". Paraphrasing and summarizing, the valuation is low considering the opportunities for growth.That said, though, I don't think the opinions in IC matter all that much. Anyone can read the results and check valuation metrics.
claude reins
14 Mar 2018
Re: The IC say Buy Sorry for the confusion. There was something beyond the 'however'! It was the additional information that 2018 isnt going to be too exciting in figure terms - unless there are some really significant 'quickly earnings accretive' acquisitions in the not too distant future.
claude reins
14 Mar 2018
Re: The IC say Buy Mmm. Havent always found the IC to be the best predictor of a company's future SP. No doubt they can turn to their 'winners' but I would be interested to know their winner/loser ratio! I dont want to make too much of their reco for Conviviality last week (though after today's suspension of shares, in some perverse way it might turn out to be a good bet for the wrong reasons). However they wont be able to claim even that because they had changed their mins the following day to a sell if I remember correctly.However,
claude reins
14 Mar 2018
Re: Berenberg: Buy with 290p target I wasnt querying your quote, Gretel. It is just that I followed the link you gave and it wouldnt give me anything unless I joined several rubbish web sites. Within minutes I had 3 emails before I was able to unsubscribe, and I still wasnt able to see the material you were pointing me towards.Yes, I know they have quoted 290p before, and I would have been very interested into the basis for their calculations. Quite often one learns a lot from say a sum of the parts valuation. However, when there is a gap of ginormous proportions between the valuation in the form of present SP and the target by effectively the house broker, it is hard not to query the soundness of the background behind the valuation, and also be intrigued by it.PS Secret for you. XLM is my largest single share investment so I am rightly concerned, dont you think to try to understand why it is languishing now and what will be happening to turn that around and move towards the promised land?
gretel
14 Mar 2018
The IC say Buy Though the EPS figures it quotes are cents, not pence......[link] makes more money marketing Tip Update: Buy at 184pThey say that in the age of Facebook and Google, digital advertising is becoming an increasingly difficult market to crack. XLMedia’s (XLM) results have proved there is still money to be made in the marketing industry. Revenue at its media business – where it buys and develops ad campaigns for social media, mobile and pop-ups – rose 39 per cent to $66.4m (£47.8m) as the acquisition of ClicksMob complemented organic progress.But that pace of growth isn’t expected to be maintained in 2018 as management plans to prune its contract base and focus on higher-quality customers. Berenberg also thinks adjusted cash profit margins will fall back to around 33 per cent as the group invests in its technology. The broker has forecast pre-tax profit and EPS of £43m and 15.9p in the year to December 2018 (from £39m and 15p in 2017).Gambling and gaming are still a large chunk of the group’s 2,300 websites, but chief executive Ory Weihs aims to make personal finance the second-largest division. In 2017, most of XL’s acquisitions were in the personal finance market and since the year-end, management has spent a further $5.2m on similar websites. Mr Weihs thinks there are a great deal more expansion opportunities in the US and, having raised $43.6m on the stock market in January, the group has plenty of cash to fund its expansion plans there.IC ViewMomentum may have tempered in recent months but we think there are still expansion opportunities for XLMedia, which an enterprise value to adjusted cash profit ratio of 7.5 times fails to account for. Buy."
