Updates

XL Media

November 2016

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.

Shares in the online performance marketing company went over £1 for the first time following interims. Sales were up 39% to US$51.2m and operating profit was up 44% from £11m to £15.8m. Pretax profit only showed a 20% improvement to US$15.8m due to the prior financial year US$2m FX gain on its hedging, which did not recur this year. Net cash at the year end was US$42.9m.Gross profit reached US$27m. The standout was the Publishing side, which grew sales largely organically by 48% to US$21.3m with gross profit increasing 53% to US$17.8m, widening the gross margin to 83.5%. This division has “owned real estate,” namely a number of websites that generate traffic, which XLM sells to gambling firms, taking 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

XL Media

November 2016

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