Updates

XLMedia

September 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.

XLMedia has sold Webpals Mobile, a non-core business promoting apps and sitting outside the core verticals of gambling and personal finance. In FY18, Mobile delivered nil contribution. Under the terms of the sale, the buyer will repay US$1.9m of inter-company balances to XLMedia, which will be used for developing its publishing assets.Separately, XLMedia has appointed Stuart Simms as chief executive and Ory Weihs moves to a non executive director role. Institutions were baying for blood after the profit warning last year and perhaps it was too much for Weihs. The business also needed someone based in London, whereas Weihs is in the Czech Republic.The tender offer has been successfully concluded with 19.68m shares bought back ...

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On The Beach

Future

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XL Media (October 2019)

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

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

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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)

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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.

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XLMedia

September 2019

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