The AGM statement highlights good traction year to date and this gives us confidence to reinitiate forecasts. The recent expansion into US sports betting is helping to drive a recovery in earnings that the market has been unable to price efficiently until now. The company is solidly financed and trading on a heavy discount to the market. Buy.
27 May 2021
Cenkos: XLMedia Plc -- Reinitiating forecasts
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Cenkos: XLMedia Plc -- Reinitiating forecasts
XLMedia Plc (XLM:LON) | 9.8 0 (-2.3%) | Mkt Cap: 25.3m
- Published:
27 May 2021 -
Author:
Cavendish Research -
Pages:
9
The AGM statement highlights good traction year to date and this gives us confidence to reinitiate forecasts. The recent expansion into US sports betting is helping to drive a recovery in earnings that the market has been unable to price efficiently until now. The company is solidly financed and trading on a heavy discount to the market. Buy.