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XLMedia - 2020 to be an investment year

January 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • XLM
  • Price:
  • 45p
A bittersweet statement from XLM. Trading for the year ended December was in line and it expects to deliver sales of US$78m and adjusted ebitda of US$32m. Management remains encouraged by the US sports betting markets and has already built a number of websites, is engaged with US users across multiple states and is in the process of expanding its local presence. In addition, XLM is actively looking for acquisition opportunities to accelerate its expansion into this important market.”But then CEO Stuart Sim, who joined three months ago, dampened investors ardour by saying that 2020 will see investment in new areas (investment not quantified) and will result in lower ebitda. Given the huge US opportunity, it comes as a bit of a ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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