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XLMedia - New York sports betting could grow at warp speed

August 2021

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.

I spoke to chief executive Stuart Simms ahead of H1 results in September and to my mind we are at a key inflection point as Sports and Personal Finance are now >52% of sales. At the same time, XLM has announced a 15% reduction in headcount as it goes to a shared services model so when the turn comes, this will electrify EBITDA margins. I think investors should therefore be at full weighting by H1 results. These will see XLM report by vertical rather than geography, with sales +15% to US$32m and EBITDA +37% to US$7m. In terms of the recent US sports betting acquisitions, CBWG is performing well and growing and Sportsbettingdime, although still losing a small amount as expected, is gro ...

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Hargreaves Services - Eyewatering eps of 70.1p delivered

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XL Media - Broker draws comparison with MoneySupermarket on 23x eps forecast (December 2015)

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XL Media - Forecasts lifted for second time in two months (October 2014)

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XL Media - Promises eps accretive deal during H2 (June 2014)

XL Media - Growing at warp speed (April 2014)

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XLMedia - New York sports betting could grow at warp speed

August 2021

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