gretel
14 Mar 2018
Re: Berenberg: Buy with 290p target Claude, the Berenberg reiteration of Buy and 290p is included in the link I gave.As it happens I do now have a copy of their current and prior notes, but can't reveal details given tight regulations. At some point I might give a summary, but I can assure you that there are solid calculations behind their 290p target involving WACC, DCF etc.Panmure Gordon have also reiterated their own Buy and 268p target today.
Cantseethewoodsforthetrees
13 Mar 2018
Re: Terrific results today 15 min webcast available.CEO certainly knows his business.
frusset
13 Mar 2018
Re: Terrific results today I like the tech section, which includes "We recently completed the migration of GreedyRates onto Palcon which has led to a 6% increase in returning visitors, while time spent on the site increased by over 25% overall, and by over 70% on mobile devices. The Palcon infrastructure improved the loading time of the site by 43% as well as added features to further improve experience for users.". Execs always promise synergies from acquisitions, and they don't always appear. I think it's good that XLM can get synergies by migrating acquired stuff onto their own systems. It seems like a fairly repeatable and reliable way to get synergies, though I'm not expert on the tech.
claude reins
13 Mar 2018
Re: Berenberg: Buy with 290p target Gretel how did you get the Berenberg analysis without going through the associated rubbish extra websites process? In the light of the market reaction to the results, I would like to kow how B get to their pie in the sky - at first sight - target? Then, and only, then would I regard this as a buying opportunity to add. At this stage, since Xmas I have seen only disappointment in terms of my current holdings. Currently, jam tomorrow is very much the name of the game and the company has in effect 'stolen' a lot of my SP gains as a result of their cash raising.
charlie51
13 Mar 2018
Re: Terrific results today Yes, it would have been nice to see a slightly more progressive dividend. The results are good and the cash for acquisitions in a very good place. I am disappointed by the muted rate of growth in North America - Ory stated after the last set of results that he saw this as being a huge opportunity for XLM. Good to see Berenberg re-iterate their TP at 290, however.
gretel
13 Mar 2018
Berenberg: Buy with 290p target Berenberg today reiterate their Buy and 290p target:[link] traders taking profits (or losses!) today - an opportunity for those with a slightly longer attention span toi buy in imho.
peddlar
13 Mar 2018
Re: Terrific results today Yes ,these look good results,though the divi was virtuallythe same,had that slightly increased the share price would have been more satisfying.
claude reins
13 Mar 2018
Re: Terrific results today Very good results as you say. Growth rates impressive. 2017 vs 2016 in brachets. Growth in Revenue 33% (16%); Gross Profit 37% (30%); Adj EBEtc 36% (22%); PBT 27% (28%) Cash etc 43.3m (35.2m); EPS 25% (20%).Divi a bit mean up only 1% and a bit. PBT growth same as last year.Of course, reports in $US so £ conversion affected by fluctuations in exchange rates. Very good last year; less good this year.Cash pile hopefully used soon and in worthwhile fashion - emphasis on worthwhile. Some purchases made since year end.Hopefully this will push the SP forward a bit. Languishing versus the halcyon days of 210+ prior to the cash raising in January. My holding is currently profitable versus very profitable at thta time. Need to get above 200p and stay there asap, so that w e as shareholders and the employees recently granted options at around that price can start to earn our/their just rewards!
gretel
13 Mar 2018
Terrific results today EBITDA and PBT are bang on Berenberg's expectations.[link] the $43.3m cash pile is WAY ahead of Berenberg's $30m forecast - and that's even before taking into account the January placing receipts.Sector and geographic risk is reducing all the time, with finance looking particularly good.The outlook statement is very bullish, and there's the promise of the "acquisition pipeline" to bring a further step-change in profitability.Onwards and upwards.
claude reins
08 Mar 2018
Re: Results are next Tuesday IMO too. 290 - the brokers target - would be good. Would also be good if instead of a SP reducer by raising capital at the beginning of the year the Prelims were also marked by an immediately earnings enhancing acquisition or two!
gretel
08 Mar 2018
Results are next Tuesday i.e March 13th.We know that they'll be good, and it looks like the share price is starting to climb nicely in anticipation.Plenty of upside from here imo.
claude reins
02 Mar 2018
Re: SP falls Hadnt realised what a civil bb I was joining!Thanks for that.The market cannot be blamed for everything. The placing was at 198p, a small discount on the price at the time which had already fallen from 215p a few days/weeks earlier if my memory serves me right. The SP then fell to 170ish when the CEO bought back in, which always gives some confidence as well as a bargain to him, to some extent possibly caused by the raising of more money 'to take the company forward'. If OW can take the company forward as well as he was able to do in the last couple of years, especially 2017, then I will be as satisfied as you will be, no doubt.
king sinbad
02 Mar 2018
Re: SP falls What a load of tosh.............The S/P has fallen because of general markets, nothing too do with XLM. the board have raised the cash too take the company forward, what's wrong with that
claude reins
02 Mar 2018
Re: SP falls Well it should be time for Mr Weihs to buy in some more. The SP has fallen, partly as a result of his Board's actions I guess, almost to the 171p when he bought in last time. The Board took the opportunity to raise some more capital at 198p - so the period of the SP in the 210s was short lived, and we now await the moment when we see more acquisitions to strengthen the company even further. It has worked in the past. The divi growth is not looking that enticing; the PER is not too demanding but the PEG could be better - and the future acquisitions should help to bolster that. In the absence of that, then perhaps some of the cash should be returned to shareholders to be invested elsewhere, as would be their choice.In the meantime, I live in hope, and am even thinking of adding to my shareholding if the SP drifts down further.
midcapper
22 Feb 2018
Re: Question about dividends Thinking about point A, if the company has already been paying out and sticks with its 50% ceiling on dividend distribution, then your calculation would be correct too.Sorry, it's too early in the morning for me....
