Tom Winnifrith Bearcast: Union Jack & MyHealthChecked in the doghouse, congratulations to Matthew, his Mrs to be and the dog
Last month XLMedia (XLM) updated including that “a number of its casino sites have been manually demoted by Google… A process of review is now taking place, with a view to resolving any issue as soon as possible… The company confirms that the group's other online publishing assets remain unaffected”. Now a “Business and Trading Update” and “Senior Management Appointments”…
Self-styled “a leading provider of digital performance marketing services”, XLMedia (XLM) has updated including that it “continues to trade in line with management expectations with our focus firmly on increasing the group's exposure to higher margin publishing activities as set out in February 2019”…
Digital marketing company XLMedia (XLM) has updated including that it “has identified a number of Publishing growth opportunities in North America… in order to best capitalise on the opportunities available, the board has taken the decision to proactively reduce all the group's non-core, lower margin Media activities”. The shares have responded… er, currently more than 30% lower to below 55p. Hmmm…
A Trading update from self-styled “a leading provider of digital performance marketing”, XLMedia (XLM) includes “underlying trading in the year to date has been stable with the group actively deciding to focus on higher margin business and ceasing certain lower margin media buying activities”. Hmmm, so why a current approaching 30% share price decline, towards 120p?...
I’ve been following XL Media (XLM) for a while and there’s lots to like about the business which is partly why the share price has increased so much this year but with the founders exiting earlier this year and a very odd dividend delay, I would be cashing in at these levels and avoiding a potential investment debacle.
What is the most outstanding aspect of the XLMedia (XLM) share price chart over the longer term is the way that the price action appears to be mapping out an overall inverted head & shoulders pattern. This could be decisive for the company's shares in the near term.
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