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XLMedia – Google demotion update & what about the “commitment to maintaining a progressive dividend policy”?!

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”

EPIC XLM
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XLMedia – from “growth potential in media activities” to “strategic shift away from Media”… in just 5 months!

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…

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