Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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You clearly didn't watch the presentation. A failed attempt at deramping. XSG are secured until mid 2022 without revenue coming in. Plus they will get revenue the end of this year going forwards.
Clearly you didn't see the presentation I posted Mark, if you did you'd realise that isn't the case.................it's a bit childish posting such nonsense on here, after peddling Open Orphan so much. Just because someone has a different view than you on that bb
Is this still loss making? Seems a crazy valuation for a company still losing money and due to run out of cash within a year at current levels.
The investor presentation can be found here for those who missed it. Definitely worth a watch.
https://www.investormeetcompany.com/investor/meeting/interim-results-investor-presentation-1
I picked up a few more things i missed on first viewing..............
Xeros are expecting revenues from the XDrum in commercial washing machines to be high single digits (£s) and low to mid single digits for domestic washing machines. There are further ongoing royalites that will be obtained over the lifecycle of the machine from Xorbs, which will be split 50/50 with the machine manufacturer
IFB sold 600k domestic machines in India last year and the market is growing 20% annually (very few Indians have washing machines currently). Midea sold 16 million domestic machines in China.
For the XFiltra, this is a new potential revenue stream and they're in discussions with one of the top 3 commercial laundry manufacturers for this. This XFiltra will be an opt-on item when purchasing but Xeros expect c. £20-30 for each machine that is installed with it. This is expected to hit the market in 2022.
All in all, exciting times ahead...........slowly but surely getting there. The fact that Xeros are on the French Advisory board for standards and solutions is hugely significant, and you'd expect the EU to fall into that standard when it's reached. XSG are at the table influencing policy and they have the best product out there. GLA
Elir71 and DD77, thank you both for posting your information. Much appreciated from me!!
Looks positive even if a little slower than I'd hoped. I guess it gives me more time to keep building my position.
Thanks again,
Gadams
A broadly positive webinar and presentation.
Key point for me was that cash burn of £0.4m a month, (and £1m R&D rebate from HMRC), funds should suffice till mid 2022, by when they expect to be cash generating. The fact they don't expect to have to raise any further cash should provide a floor for the share price.
I asked a few questions, one of which wasn't answered (despite them claiming to have answered all the questions). One Q, was about the impact of Donald Brenninkmeijer who was announced in March this year, his appointment from C&A. The answer was very fluffy but that he helped them gain understanding into the garment industry, which they found valuable.
They didn't answer my Q on the tanning business that they spun out to ESTR - their expectations for royalties, whether Xeros saw it as a significant revenue generating market for Xeros in future. As part of the management buyout/spin off, if ESTR didn't meet certain commitments then Xeros could take ownership of this again. I'd like to have seen more detail on this. Perhaps Mark Nichols/Paul Denney will respond on here (as Mark did reveal that they read chat boards from time to time).
There were some numbers bandied about the size of the markets of IFB and Midea but I don't think I picked them up cleanly so I won't post what I had written in case it is wrong. If others have it, please let me know?
I did pick up extracts on the royalty payments, which whilst confidential, could be between £3-10 per machine from my understanding (they were talking about low to mid single digits for one agreement and mid to high single digits for another).
Midea sold 27% of washing machines in China last year, when c. 75 million were sold. Obviously we don't know if Xeros tech will be in all their machines, but you can see the potential scale here - at £5 a washing machine, it amounts to £100m a year from Midea alone.
A further point made on the presentation was the diversification of the company - the many strings they have with the XOrb, XFiltra and XDrum all providing different revenue generating options, in different markets in some cases.
Xeros also announced that they'd been invited to a French advisory board if i picked up correctly, in relation to sustainability in this area............that's significant, partly to get a foot in the door but also to influence and gain connections.
Whilst the delays are disappointing, if not inevitable, there do appear a lot of promising things going on, which should bear fruit in due course.
I have sunk a lot of £ in here, painful amount at a lot higher average than this, despite averaging down, so I do hope it comes good. I remain positive that it will
Missed some bits because my internet connection was not great
1 Quarter slippage in business development so far due to covid
cash breakeven mid 2022
cashburn £ 0.5m pm
£5.6m raised May 20
August cash at hand £6.2m
R&D tax credit £1.0m
total £ 7.2m
18 months
almost to 2022
XFiltra not in forecast
and zero income from licensing to mid 2022
end feb 2022 even without any income , so worst case scenario, but we do expect some income.
cutting headcount would occur if licence income was not coming in as expected though a last resort
about 200 commercial machines 20 denim machines by end of the year 35000 domestic mahcines ... by the end of the year required to get to breakeven.
Income streams from diverse sources
Board believes fully funded to breakeven, nevertheless COVID risk may cause some slippage especially in India
Looking to expand geographic coverage
share consolidation by end of the year
----------------
In summary, going as well as can be expected, theres a gap between Feb 22 and June 22 that needs to be filled with licence income *which I think is entirely feasilble, but that will is the main risk that I identify that is within the company'd control. The covid situation is out of their control and could possibly cause more slippage. Other than that a confirmation that everything is going to plan. Happy with that
Afternoon all, I can't make it to this presentation, but would really appreciate if someone that does attend could post their general thoughts on it.
I always thought this share was going into mid to late 2021 before we start to see potential income. Happy to wait and add on weakness. Once it comes it should prove to have been worth the wait. My view only, nothing more.
Gadams
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.
The Company is committed to ensuring that there is an opportunity for all existing and potential investors to hear directly from management on its financial results whilst additionally providing an update on the business and current trading.
· The online presentation is open to all existing and potential shareholders.
· Questions can be submitted pre-event via your IMC dashboard or at any time during the live presentation via the "Ask a Question" function. Although the Company may not be in a position to answer every question it receives, it will address the most prominent within the confines of information already disclosed to the market.
Investors can sign up to Investor Meet Company for free and add to meet Xeros Technology plc via:
https://www.investormeetcompany.com/xeros-technology-group-plc/register-investor
Investors who have already registered and added to meet the Company will be automatically invited.
Does anyone have a link to the presentation or where to register for it ?