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XL Media - Confirms strong start to the year

June 2015

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:
  • 58.5p
A bit of a wobble after (a) the shenanigans at Plus500, probably caused by overleveraged investors there taking a hit and having to sell XLM; and (b) sector wide profit warnings from Marimedia and Matomy, which saw some issues in respect of mobile business. XLM itself issued a trading update a day after its AGM confirming an “excellent start to 2015.”  XLM said it continues to invest in both mobile technologies and practices for its publishing and media divisions. As a result their publishing content continues to experience significant increases in traffic from mobile users. The company has also made a small acquisition of several UK focused mobile targeted websites.  Buy. ...

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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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