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https://www.xaar.com/en/news/2020/xaar-sets-vision-for-the-future/
(from last week: 30th Sept)
Very bullish upgrade....
On the 21 September (big red day on the broad market....)I posted my thoughts that XAR share price is very attractive (81p back then...)glad I took few more and yesterday results confirmed my long term Hope's for a decent recovery here.
GLA.
XAR Raised to Buy at Investec; target price 160 pence"
Summary of results for the six months ended the 30 June 2020:
2020
20194
Continuing Operations
Revenue
£23.7m
£25.5m
Gross profit
£6.4m
£7.0m
Gross margin %
27%
27%
Gross R&D investment1
£4.0m
£2.7m
Net R&D investment1
£4.2m
£1.6m
Adjusted loss before tax2
(£3.9m)
(£2.5m)
Loss before tax
(£1.1m)
(£2.9m)
Loss for the year
(£1.6m)
(£2.5m)
Total Operations
Loss before tax
(£4.4m)
(£52.7m)
Loss for the year
(£4.8m)
(£50.2m)
Diluted earnings per share
(4.6p)
(65.0p)
Net cash at the period end3
£23.9m
£21.6m
Well, I didn't buy in the 20's but 40p....took some of the table in the 90's together with my normal strategy to bank some profits, HOWEVER, kept my main core for the longer run as it's one of few recovery stock I hold....hopefully the up and coming results will justify my faith....
GLA.
well done all who held to 100p.....particulary those who purchased in the 'dark days' in March at 20p :-)
11 percent up on the other exchange (was nex now called aquis) and trading at 96p+
https://twitter.com/surprised_trade/status/1293494678063644673
Immediate target is 90p, but can the business reach a higher cap?
https://twitter.com/surprised_trade/status/1288076120584335360
a strong cash (£23m+) & revenue stream also £23m+ combined with new product development & a likely potential buyout from Stratasys for 3d print suggests a price closer to 90p-95p+ I've been a fan since 20p and still am
Xaar’s recovery on track
Cambridge-based Xaar (XAR:71p), a leader in the development of inkjet technology and maker of piezoelectric drop-on-demand industrial inkjet printheads, has released a solid pre-close trading update ahead of half-year results in September.
The restructuring of the group’s bulk printhead business and the decision to sell directly to original equipment manufacturers (OEMs), so to avoid a previous conflict of interest in aftermarket sales, is paying off. Furthermore, despite product printing systems sales being impacted by Covid-19, Xaar’s first-half revenue of £23.7m was in line with the second half of 2019 and both divisions have improved their cash position. Net cash of £23.9m (30.5p a share) is down only slightly since the start of the year, highlighting success of the new management team in reducing cash burn and turning around the business.
I suggested buying Xaar’s shares, at 36.4p, when my 2020 Bargain Shares Portfolio was published online (magazine price 38.5p) based on the recovery potential. That is clearly now gaining traction, hence the reason why the share price is now 71p. I am also encouraged by comments that product development and testing is progressing well in Xaar’s 3D printing business. Stratasys, a leading 3D printing company, has a call option (expiring in December 2022) to buy out Xaar’s 55 per cent stake in this operation for £26.4m (34p), or three times the carrying value of the investment in its 2019 accounts. I wouldn’t bet against that happening.
https://www.investorschronicle.co.uk/comment/2020/07/20/watchlist-small-caps-on-the-upgrade/
IC's 90p target is on!
https://twitter.com/surprised_trade/status/1284143843185754113
:-)
Investors Chronicle likey to have another positive write up on XAR shortly :-)
https://twitter.com/surprised_trade/status/1283747290390437889
revised target closer to 90p+ ...£23m cash and strong balance sheet with print business adding to improved cash position and new business on opening after lockdown
https://twitter.com/surprised_trade/status/1244958713192026114
This was tipped by Simon Thompson a few weeks ago, target 90p.
Well, seems like the market is happy with today update....all that matters I suppose...
https://twitter.com/surprised_trade/status/1283688488093782017
it gets better from here as business opens up
Not quite the way I will describe it,BUT decent enough trading update considering the world crisis which is beyond the company control....fully agree the balance sheet is very healthy and the company is well placed to take advantage of potential recovery post covid, yet being careful they would not commit for future outlook (fair enough...).
I will certainly hold my shares here with anticipation for better things to come in due course....GLA.
https://twitter.com/surprised_trade/status/1283652385471172608
excellent
Revenue for the period expected to be £23.7m, only a decline of 7% relative to H1 2019 through lockdown, strong balance sheet & cash position. Cash at 30 June 2020 is £23.9m with Printhead & Print Systems both improving their cash balance
. Revenue for the period is expected to be £23.7m, representing a decline of 7% relative to H1 2019 (jist 7% less than last year and the economy has been locked down for months)
The Printhead business continues to perform well as changes in the go to market strategy have seen early successes with several new accounts won and customers re-engaging with the business.
The 3D business has continued to make good progress. Despite minor delays due to lockdown restrictions, product development and testing is progressing well and investment in the go to market strategy is underway.
The Group retains a strong balance sheet and cash position. Cash and cash equivalents at 30 June 2020 were £23.9m with both the Printhead and Product Print Systems business improving their cash balance relative to 31 December 2019. The 3D business continues to be well positioned to fund its development and go to market needs.
market opportunity remains significant and we are excited about future of the business
https://www.lse.co.uk/rns/XAR/trading-statement-3iz2rfdr1ru6stc.html
https://twitter.com/surprised_trade/status/1278976381913792512
with a valuation nearer 90p (Investors Chronicle) than current 55p and economy opening up it provides opportunity for investors
13k quid buy on Nex yesterday, they keep sneaking them through over there :-)
Investor Chronicles' target is 95p.
just 8 weeks ago Schroders Investment increased their holding to 26% of XAR and the directors also took increased holdings....with business opening up and production startig to ramp up across many sectors and not just in the UK all points to progress from here after a period of consolidation...a lot to look forward to and Stratasys also have a huge stake in here with the option to invest further as we know ;-)
https://www.lse.co.uk/rns/XAR/holdings-in-company-zgiyk6p4t1dtfxd.html