Good morning! Some announcements I noticed today:

Timings: finished at 2.45pm. I didn't cover dotDigital (LON:DOTD), Learning Technologies (LON:LTG) or the big-cap IG Group (LON:IGG).



Trade alert: in the interest of transparency, I'd like to mention that I have sold all of my shares in Creightons (LON:CRL), for the purpose of helping to fund a house purchase. 

Update: I have now sold B.P. Marsh & Partners (LON:BPM) too, for the purpose of funding the house purchase.

Update: Goco (LON:GOCO) has now also left my portfolio.



XLMedia (LON:XLM)

  • Share price: 35.75p (+5% today, but down from 47p last Friday)
  • No. of shares: 187 million
  • Market cap:  £67 million

Update (issued at 4pm yesterday)

Commiserations to anyone holding this yesterday afternoon.

The company found out some bad news on Saturday, but didn't get this update out until Monday at 4pm:

On 18 January 2020, the Company became aware that a number of its casino sites have been manually demoted by Google*, which impacts the visibility of the sites and their ability to generate meaningful levels of online traffic, and hence revenues, from new visitors. 
Whilst it is too early to accurately assess the financial impact of this action by Google, any further material delay to the full restoration of rankings of these online assets would result in a corresponding reduction of both revenue and adjusted EBITDA during that period.

The probable losses aren't quantified, putting shareholders in the worst of all worlds: "things are bad, but we can't tell you how bad".

I'd like to reflect for a moment on the purpose of Google's rankings. After all, they are extremely important. It has been said that the best place to hide a…

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