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magazineBull case on XLMedia
2,300 websites
Approximately 2,300 websites are used by XLMedia’s (XLM:AIM) publishing division to drive users to its clients’ gambling and social gaming platforms.
Berenberg, which rates the shares a ‘buy’ with a 150p price target, reckons only a 100 of these are generating substantial revenue with the remainder in ‘build-up’ phase.
It is optimistic the publishing arm could beat a 13% growth estimate for 2017.
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