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Wouldn't the trading update be around 7am and then the presentation at 4.30pm?
This announcement is from Sept 8th:
Xeros Technology Group plc (AIM: XSG), the developer and provider of water saving and filtration technologies with multiple commercial and domestic applications will announce its interim results for the six months ended 30 June 2020 on Wednesday 23rd September 2020.
The company is also pleased to announce that CEO Mark Nichols and CFO Paul Denney will provide a live presentation relating to these results, via the Investor Meet Company platform on Wednesday 23rd September at 4.30 p.m.
A reminder for those who aren't aware, trading update and presentation tomorrow afternoon. Sign up to the virtual service
Another 3 mill of buys this afternoon..........it does appear that someone is building a stake
Trading update and interim results 2 weeks tomorrow. Presentation by Mark Nichols...........be interested to hear what they say. Sign up if you haven't already
https://m.youtube.com/watch?v=UDtrpjiFeTE
Mark Nichols did say news late 2020, let’s see if he delivers any more deals.
Chart looks about ready to go.
I'll wait for a drop to 0.8 before piling in. Good long-term prospects but I don't expect anything exciting to happen before Sep-Oct.
Agree guys and thanks for the informative posts. Patience Patience :)
Hi DMc, it seems to me XSG have done their part in getting the manufacturers on board, its now up to them to sell the machines with the XSG tech built in. I agree the lack of news can be frustrating but XSG said revenue streams would only start towards the end of this year, so a bit more patience is in order it would seem....
wyndrum you do make sense it what you say. The sells are the herd fleeing probably because they haven't made a quick buck - quick bucks can also flip to immediate losses. Fast and loose or slow and steady - up to you how you play the game . I think XSG have some good developed concepts, they just need to up the focus and get selling their stuff - we need big deals and big names to make this really up a gear as piddly stuff will just soak up resource.
So Surfie, I said in my post it had to go above 1.3p to have " broken out" it hasn't therefore its still in the trading range and no decision is needed whether to buy or sell.
Regarding its all pants, I would offer 2 thoughts as to why it might not be. For it to be rubbish then you have to also believe that people are not predictable. If you think people are not predictable then Psychology is also worthless. There is no point talking to a psychologist if all actions to events in ones life are random.
And also, every trading house in the world watch charts on their screens. Why would they do that if it was of no use? (Even if it was useless but they all believe in it and react to the charts and it becomes self fulfilling, then ok, but it would still be a way of trying to get an edge.)
Sorry Guys, however you like to word it this charting malarky is pants. Breakout?! This is 9.13% down today alone, it's breaking out allright, downwards.
so presently just looking at the chart on this page, 1.30p is acting as a resistance point. it has stalled at this level a few times showing investors presently reluctant to pay an increase above where it is now. If 1.3p is broken (for whatever reason, could be rumour, could be actual news, or just an influx of buyers getting in on the hope on future gains), then the chart would say that it will move to challenge 1.45-1.50p and then the 1.3p current resistance level will become a floor to support the SP.
So right now its on the brink of a breakout, but until it does, chartists would be just sitting on their hands waiting for direction before either buying or selling.
Just to throw my hat in the ring:
all a chart is, is a graphical representation of the Share price action of buys and sells. The reason some folk look at charts to determining future moves is that it is people that buy and sell and people are emotional beings (not, absolutely not, rational ones). That's why stocks get over bought and over sold. And it turns out people as a mass, are predictable under certain conditions. Fear and greed are two of the most powerful emotions and as a result with the ups and downs of a share price people will respond in quite predictable ways to these powerful drivers. The repetitive nature of human action and reaction in stock prices causes patterns that often repeat themselves. Its not fool proof of course, its just an odds game in the way Poker is not a game of chance to a professional Poker player. He knows what's in his hand, he sees what's shown on the table and from there an assessment and likelihood is made of any other hand beating him. Its not a 100% but over time he should win more than he loses and charting is like that.
My Dear Abstractuz, I do not wish to stalk you or anyone else, I mearly wish to point out to others who may be new to these BB's that talk of charts and cup and saucers is just mumbo jumbo. To say that the charts are "forming" and to then tell me this could take weeks is a joke. Anything could happen in weeks good pr bad, so new investors reading this and the optimistic cr*p that's posted on NYCT beware. However, I will take your advice re the sunshine. Have a good day and I do hope you're right about the charts even though it's tosh.
Some of the staff don't appear to have the highest regard for the company, assuming this is the same company. Both Rotherham but this is Xeros Cleaning Technologies' Glass Door review (if my link will post):
https://www.glassdoor.co.uk/Reviews/Xeros-Cleaning-Technologies-Reviews-E1690947.htm
That sems like a very fair summary of the position. I had noticed that the technology is no longer brand-new and yet hasn't flown yet, so your comments regarding revenues later 2020 and 2021, and various deals, is reassuring. As you say, could go either way. I may make a fairly modest buy (depending on how other things pan-out) and average up up the sp rises later. If I don't take even a tiny stake I could forget completely and then be kicking myself later.
Awkward though I feel as a new arrival, this is the weekend. Has anyone been following the Tiziana Life Sc Share Chat (TILS) board recently? It seems that the 'jam' could be arriving around now. It's nothing to me whether you take a look or not; just feel I should have a swap with my invitation here. ATB, D
Gosh Wyndrum, thanks for that info. Much more helpful than I could possibly expect. i’ll read it all in detail later and give you a fulsome thanks then, but just on my way out now. All the best, D
The company has said that it expects revenue to start coming late this year and through 2021, so I guess in about the next 12 months we will have a clearer idea of whether or not this will be a success and if so, assuming the tech is taken up, how quickly it is being used and from there, likely profits.
It seems the ducks are in a row, inasmuch the company would appear to have enough money to last 18 months or more, which until recently the last (oversubscribed share placement) had not been the case. Various board members have been introduced from other companies with experience in this industry and new tech, to promote the XSG presumably with a higher level of professionalism that had currently been the case. Joint deals with some of the largest washing manufacturers in the world are in place and a few (that I know of) large blue chip French companies have actually bought the machines with the tech in them. The tech itself, reducing water consumption, in both washing and manufacture, in this climate of heightened eco conservatism, along with the micro plastic filter, would seem to be perfectly timed with the current zeitgeist. There is of obvious benefit to companies that are water metered as that will allow them to use these machines and save money on their water consumption. The potential is so vast as to be in calculable. Domestic market (global), every restaurant that uses linen, every hotel, every hospital, clothing manufacturers. It almost seems too good to be true.
The downside is that this is a "Jam tomorrow" company and tomorrow seems like it never comes and it has taken a long time to get to here with huge sums of money expended with long term shareholders being absolute scorched on their investment. It has completely changed its business model from producing the machines to just an IP company to reduce costs, to buy time to financially stay in the game. As I say we should know by this time next year if this is going to fly or not but if it does there would seem to be fantastic potential.
But its all or nothing. Its difficult to trade because the spread is too large, you can't really time buying and selling because an RNS could come any day that would transform the SP (one way or the other). So you either commit or you don't but waiting is a high risk game now as the plane is on the runway, will it take next week or next year or ever? This is definitely one of those stocks that you are more likely to lose everything if it fails rather than just take a loss on some disappointing trade update of a typical larger cap trading stock.
Personally the tech , conservation of water seems, going forward, seems a no brainer. The partnerships already in place with the producers are very positive. The missing ingredient is the machine makers selling their machines with the XSG tech in them. As I said, the fact that large blue chip companies are doing so now, seems to me to lower the risk of failure by some margin.
But that's just my take
Been doing a little digging on Xeros. You folks are obviously fans. What are your thoughts on things improving here? Just around the corner or requires a little more patience? Any comments welcome
Oh and only 6.21% down today. Those buys you mentioned Abstractuz are working well for us! I am invested heavily here but rampers really get my goat.
Is that so and yet it's only 6.6% down today!
Hi Abstractuz, how's that cup coming along? Still in "the making" is it?
Do you think people are selling because they were expecting more news from the AGM? Daft if they sell now as still early doors. I think this company has legs.
Don't accuse me of crying Abstractuz but if I were to burst into tears I'm guessing at 14% down today I won't be the only one.