XTD is currently progressing a number of potential transactions within the Australian OOH industry. These opportunities are being pursued to further showcase XTD`s unique ability to combine leading OOH screen networks with connectivity to mobile devices via Contact Light’s Nearcast technology. Together, the businesses create a unique partnership focussed on the future of data‐led and data‐ informed communications. This is where the two fastest growing media sectors of Out‐of‐Home and Mobile come together. Mr Wildisen further commented that after a less than budgeted 2H 2016/17 result, the September quarter now underway is performing significantly better and in line with XTD’s expectations for the quarter and in line with the forecast improvement required in 2017/18 financial year.
XTD Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held