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XL Media

October 2019

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
Interims have been impacted by new gaming regulations coming into practice in Sweden, which took the shine off the otherwise excellent news that XLMedia has applied for a gaming service licence in Pennsylvania ahead of launching its sports book media asset in North America.As it was, H1 sales were US$42.5m and adjusted EBITDA was US$18.6m. Pretax profit was US$13.8m and eps (which have yet to feel the effect of the share buy back in August) were 6 cents. The new Swedish regulations have required gaming operators to apply for new licences and whilst finding their feet, XLMedia saw customer acquisition activity contract by c.23%. There were also some other less problematic regulations introduced in the UK and Switzerland. But all is ...

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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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