Added to YB: 2024-11-14
Pitch date: 2024-11-12
XLM.L [bullish]
XLMedia PLC
-1.02%
current return
Author Info
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Company Info
XLMedia PLC operates as a digital media company that creates content for audiences and connects them to relevant advertisers in North America and Europe.
Market Cap
GBP 40.5M
Pitch Price
GBP 0.12
Price Target
N/A
Dividend
N/A
Sector
Interactive Media and Services
Category
special_situation
A Tale of Two Bargains - XLMedia PLC
XLM.L: Sports betting co selling EU/CAN ops for $37.5M+$5M earnout, NA ops for $30M max. Becoming cash shell, distributing proceeds by May '25. $50M net cash, $10M liabilities/burn est. Mkt cap $40M ignores potential $15M earnouts. Downside protected, 6mo timeline. IRR scenarios: 13-80% based on earnout.
Read full article (7 min)