Trading is confirmed as being in line with the market's recently revised expectations. There are tentative signs of increasing activity but we are leaving our forecasts unchanged for now. XLMedia's revenue base is diversifying and underlying cash flows remain strong. The recent derating of the equity leaves the stock undervalued against the market, especially on a yield basis.
24 Jul 2018
Cenkos: XLMedia Plc - In line
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Cenkos: XLMedia Plc - In line
XLMedia Plc (XLM:LON) | 12.2 0 0.0% | Mkt Cap: 31.8m
- Published:
24 Jul 2018 -
Author:
Cavendish Research -
Pages:
5
Trading is confirmed as being in line with the market's recently revised expectations. There are tentative signs of increasing activity but we are leaving our forecasts unchanged for now. XLMedia's revenue base is diversifying and underlying cash flows remain strong. The recent derating of the equity leaves the stock undervalued against the market, especially on a yield basis.