Updates

XLMedia

October 2020

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.

Interesting tidbits in a note from Cenkos highlight that XLMedia has remained profitable throughout the period despite the loss of ranking from Google due to the proliferation of sub-standard content. This de-ranking reduced revenues by US$1m per month but Cenkos says there is “a clear strategy and pathway to secure a re-ranking in coming months. With $28m of net cash at 30 June (c12p a share) and a profitable outlook, the stock is factoring in little recovery potential.” A c.25% reduction in headcount in Q2 (H1 closing headcount of 275) will benefit the full year. Await developments. ...

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Frontier Developments

XLMedia (November 2024)

XLMedia - Significant asset disposal for US$42.5m (April 2024)

XLMedia (August 2023)

XLMedia (June 2023)

XLMedia (February 2023)

XLMedia (October 2022)

XLMedia (August 2022)

XLMedia (April 2022)

XLMedia (March 2022)

XLMedia - Third US sports acquisition (October 2021)

XLMedia - New York sports betting could grow at warp speed (August 2021)

XLMedia (June 2021)

XLMedia - SportsBettingDime electrifies US prospects (April 2021)

XLMedia - Seems past the worst (March 2021)

XLMedia (January 2021)

XLMedia - Resubmitting to Google in next 2 months - looks a buy (November 2020)

XLMedia - Possible buyer for Finnish casino assets (July 2020)

XLMedia (February 2020)

XLMedia - 2020 to be an investment year (January 2020)

XL Media (October 2019)

XLMedia (September 2019)

XLMedia - Tender offer at 80p demonstrates undervaluation (August 2019)

XLMedia - PE of just 4.6 (adjusted for cash) (July 2019)

XL Media (March 2017)

XLM - First acquisition outside online gaming space (February 2017)

XL Media (November 2016)

XL Media (September 2016)

XL Media (June 2016)

XL Media - Has paid US$21.5m in dividends in 22 months but is still unloved (February 2016)

XL Media - Broker draws comparison with MoneySupermarket on 23x eps forecast (December 2015)

XL Media - Prospective PE 8.9 and US$40m cash (November 2015)

XL Media - Upgrading the upgrade (October 2015)

XL Media - Blistering H1 EBITDA growth +80% (August 2015)

XL Media (July 2015)

XL Media - Confirms strong start to the year (June 2015)

XL Media (April 2015)

XL Media (February 2015)

XL Media - Forecasts lifted for second time in two months (October 2014)

XL Media - Buys UK sports betting assets (September 2014)

XL Media - Record H1; sales ahead 22% (August 2014)

XL Media - Promises eps accretive deal during H2 (June 2014)

XL Media - Growing at warp speed (April 2014)

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

XLMedia

October 2020

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