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XL Media - Promises eps accretive deal during H2

June 2014

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:
  • 60.5p
XLMedia has issued its maiden results for 2013 with sales up a third to US$34.5m and adjusted operating profit of US$13.3m. Within that, Q4 was the group's best ever quarter in terms of sales and profit and overall during the year, XLM recruited 90,000 gamblers for its customers’ operations versus 70,000 the year before.  Mobile is flying, social is flying, says chief executive Ory Weihs. The keynote is that the company has invested heavily in the business, with operating costs doubling from US$4.2m to US$8.5m in this period. He sees this as an essential investment as the company sets out on his road map to $100m of revenues driven by the twin engines of acquisitions and its media buying business scaling up.Growth in ...

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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.

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