XLMedia (XLM)

Sector:

Media

Index:

FTSE AIM All-Share

 12.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 14.75
  • 52 Week Low: 6.24
  • Currency: UK Pounds
  • Shares Issued: 259.90m
  • Volume: 1,142,587
  • Market Cap: £32.49m

XLMedia to acquire Sports Betting Dime in $26.0m deal

By Iain Gilbert

Date: Thursday 18 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Digital publisher XLMedia said on Thursday that it had agreed to acquire US outfit Sports Betting Dime for roughly $26.0m.

In order to finance the acquisition, XLMedia will look to raise up £23.0m by means of a placing of 50.0m new ordinary shares, a direct subscription with the company and an open offer of £3.0m to qualifying shareholders.

The AIM-listed group highlighted that the addition of SBD followed the acquisition of the sports gaming and sports betting business of CBWG Sports back in December 2020 and strengthens XL Media's position in the fast-growing US market for sports gaming.

Chief executive Stuart Simms said: "We believe the combination of Sports Betting Dime and CBWG provides the group with immediate scale and broad market reach at a time when US sports betting is experiencing significant growth momentum as additional states regulate and open up to legalised sports betting."

XLMedia also said it now expects to deliver revenues of no less than $54.5m and adjusted underlying earnings of about $11.5m in its full-year results at the end of April, as second-half revenues recovered following the easing of lockdown measures and the return of professional sports.

As of 1120 GMT, XLMedia shares had slumped 9.44% to 48.45p.

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XLMedia Market Data

Currency UK Pounds
Share Price 12.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 14.75
52 Week Low 6.24
Volume 1,142,587
Shares Issued 259.90m
Market Cap £32.49m

XLMedia Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
59.39% above the market average59.39% above the market average59.39% above the market average59.39% above the market average59.39% above the market average
54.55% above the sector average54.55% above the sector average54.55% above the sector average54.55% above the sector average54.55% above the sector average
Price Trend
5.94% below the market average5.94% below the market average5.94% below the market average5.94% below the market average5.94% below the market average
19.15% above the sector average19.15% above the sector average19.15% above the sector average19.15% above the sector average19.15% above the sector average
Income Not Available
Growth
55.21% above the market average55.21% above the market average55.21% above the market average55.21% above the market average55.21% above the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

XLMedia Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Oct-19 04-Apr-19
Paid 01-Nov-19 03-May-19
Amount 3.16¢ 4.02¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:39 50,000 @ 12.50p
16:39 50,000 @ 12.50p
16:35 30,000 @ 12.50p
16:35 30,000 @ 12.50p
16:05 4,627 @ 12.28p

XLMedia Key Personnel

CEO David King

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