VinaCapital Vietnam Opportunity Fund Ltd - Vietnam-focused closed-ended investment company. IN BRIEF: VinaCapital Vietnam Opportunity Fund subsidiary buys shares.Mosman Oil & Gas Ltd - New South Wales, Australia-based oil exploration, development and. IN BRIEF: Mosman Oil & Gas updates on strategy to review permits.Private investor Gary Barnes is optimistic his share portfolio is well-placed to cope with b. Investor Views: I'm Taking Profits Before Market Shake-up.XLMedia confirms it will issue a trading update on performance in the first six months of the year in late-July.Ĭomments and questions to 2023 Alliance News Ltd. "Across European Sport and European Gaming, performance is tracking in line with management expectations benefiting from a strong Cheltenham and Aintree festival, and we expect this encouraging performance to continue." ![]() 23 states are yet to legalise online sports betting, including California, Georgia and Texas, three states are legal but not yet operational, including Florida, and 43 states are yet to legalise online casino," said CEO King. ![]() "Looking longer term, we can expect to see many more US states legalise online sports betting and online casino. Looking ahead, XLMedia said it expects the "current softness" to continue across the early summer, with a return to significant investment in customer acquisition, and the launch of new products commencing in the run-up to the new NFL season bolstering the second half of 2023. "This reflects our previous acknowledgement that growth in the US market will not be linear, with significant spikes generated by periodic state launches, however we continue to expect to be in line with our expectations for the full year," it said. ![]() XLMedia also said the level of acquisition spend by operators in the first half is not comparable to 2022. It added that the launch of online sports betting in Massachusetts in mid-March, after the NFL season ended, it did not see the spike in revenues normally seen on a state launch. However, it said revenue in the first half will be "inevitably" be lower than the prior comparator period, which benefited from the launch of online sports betting in New York. In a statement at the company's annual general meeting, Chief Executive Officer David King said that in the US, it saw a "strong" start to the first quarter with the launch of online sports betting in Ohio. Shares in the Henley-on-Thames-based digital publisher were down 16% to 9.50 pence each in London on Friday morning. The company's shares fell as by more than a quarter during the week on the back of the uncertainty, eventually being moved on the Stockholm Stock Exchange's "observation list".Īnalysts have described the situation at the bank as "serious", with Per Hkansson, general counsel of the Financial Supervisory Authority calling it "serious and sensational", and urging those involved to "reflect on how the situation has reached this point".īut Nordea analyst Maths Liljedahl has also argued that, while the initial decision to close the business was a surprise, it does now mean at least that there is less uncertainty about the situation.(Alliance News) - XLMedia PLC shares fell on Friday, after it said revenue in the first half will be lower due to strong comparative and lower customer spending. That rights issue, it added, will now be a larger SEK1bn fund-raising which, should it be agreed, will give HQ the option between now and the end of March next year to buy back the trading business, it said. If that wasn't enough, on Tuesday the bank about-turned and said it was scrapping the SEK559m rights issue and instead selling the trading arm to Investment AB Öresund for SEK850m "to immediately strengthen its capital base, in order to increase flexibility until a rights issue is conducted". This was followed five days later by the stepping down of president and CEO Mikael König and his replacement by Stefan Dahlbo, president of investment company Investment AB Öresund, the bank's largest shareholder. The twists and turns at Swedish financial services operation HQ Bank have kept markets and analysts on the edge of their seats - but whether, against a backdrop of both generally improving conditions locally but growing unease at the wider European situation, its woes are a one-off or the first signs of a deeper malaise remains a moot point.įirstly, on May 26 HQ announced it was closing its Fonder trading business, which employs 28 people, and launching a SEK559m rights issue to strengthen its capital base.
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