sharewatch summary recap18 May 2014 16:14
An outstanding buy.on scsw we frequently unearth companies that smash forecasts and as we said last month rarely do we get momentum so powerful as plus500.it is thetefore surprising to have found another so soon.xlm has an attractive revenue stream with considerable levels of repeat business. It has also shown it achieves a rapid pay back at a multiple of the initial cost from its advertising campaigns.what we are about to see up ahead is volumes on the media side ballooning.there has already been accelerating q4 trend.margins will drop on that division because some od the campaign will come with a higher average cost of aquisition and also because xlm is going to be spreading its net wider to find players.the gaming markets are also vast.estimated to be worth eu24bn in 2012 and expected to growat 10% annual clip until 2018, by which time the eexpectation is that xlm sales will top us $100m and with op gearing, profits should grow faster.the bounty for shareholders will be a rising stream of dividend with 50% ofearnings to be paid out every year.