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XLMedia

June 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.

  • Epic Code:
  • XLM
  • Price:
  • 45.5p
FY20 results were impacted by the demotion of several high revenue premium Casino websites by Google (a U$2m hit to sales each month), the closure of the residual media buying business (reduced sales by US$5m) and the fact that sporting events were cancelled during the pandemic. Overall sales were therefore down US$25m at US$54.8m but the Casino business stabilised in H2. EBITDA was down from US$33m to US$12.2m. All ancient history. The year has seen XLM rationalise its broader estate and complete an internal reorganisation (headcount fell by 80 to 261 and reporting lines were reduced). As part of a focus on deeper content the 3.5k brands/websites operated at its peak are down to 100. A consequence is that 3 of 10 casino websi ...

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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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