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Ave down pick up the warrants
I've been invested in here for a few years and long term holders shafted. I'm 97% down on this now. How can we go from £3 to 5p is unbelievable.
To be fair covid and inflation have been partly to blame for the missed targets. Looks like there is good apetite for the stock and warrants attached.
If they hit 2024 profitability then 10 bags imv
Latino - They have been saying that for years.
I can see out of this is that this should be the last Funding of this sort, and should last now till 2024 when they will break even!
I think Surfie, its worth trying to have stab at what the company could be valued at if there is a reasonable uptake of its tech.
If say £50m is a fair figure and its currently valued at £5m then it looks a good bet given where it is int own cycle.
The "problem" is its been here 3 times before? ie no more money needed before decent income rolls in.
This is surely the last cash raise now so I have 1% of my portfolio in this and will add further if I think the risk decreases.
But its pretty much a bottom draw, see you later, type stock for me.
I would not give any opinion I'm afraid! SP here was 160p in my memory (and higher before that). Must have been based on the technology being adopted widely and that's still on the cards I guess, though many more shares in circulation now.
I do have tracker ISAs too; my own stock picking was supposed to be more risky but it's been a rather expensive experiment. It could still work out overall I guess but today feels as though I / we've been played like fiddles with the good news on the X filter joint development agreement. I guess if the tie-up comes off then the extra money they now have should get xeros sp back to much higher levels again. Tempting to break my rule and invest more funds at this level but not going to do it.. Better off paying off some mortgage and no risk at 'saving' 5 – 7 %.
I can always add more later, if it looks more certain.
Not looked at your posting history Surfie (though will in a second). Where is your biggest investment?
Oh dear D-G it's not been your week! Some months ago I was sure this was a good bet but I'm loosing faith. I know you're invested but do you think this is worth a punt?
I wouldn’t believe anything this company put out! take for example RNS dated 24th June 2021 agreement with Girbua, first sales planned in 2021, doesn’t even get a mentioned again or on Girbau’s website.
Happens time and time again with this lot, it’s criminal really..
Disgraceful
Nice buy Wyn. Me too
Should see 10p before too long
All makes sense wyn. My inclination would be to buy more too at this level but for me that would mean selling something else. Can't do that atm.
The technology looks good and I'm longer term as you know, so could be worse.
I have very little hope for eve now it's this late in the day.
AVCT really needs to save my day now
and fwiw I have just bought a few more of these now and will give it 12 months and then see where we are.
well, D, my thoughts would be:
stop buying loss making companies. It increases the risk exponentially.
The next thing is get some ideal of their valuation relative to other companies in their sector
Stay away from exploration companies because they are loss making AND have the odds against them of finding whatever they are looking for.
Figure out what sort of annual return you want.
only bet with money you can afford to lose.
If you want less risk then but less risky companies......
And have a plan.....
Blindfolded? It was written in there RNS, it was obvious it was going to be at a massive discount based on the MCAP and cash burn.
B*gger.. Could have bought twice as many today, or just waited. Wyn, we are blindfolded in this game. How are we going to win?
Ha! timing is everything.....
I’m not sure I take your point! how many real businesses the size of Xeros would still be operating after the losses it had?.. I have faith in the tech, but in the BODs ability to commercialise, well that’s another story, the FD has forecast 4 different breakeven point in the last two years.
Hi Surfie,
I sold eve last week, ahead of the recent rise, so that wasn't the best timing. I now agree that they will struggle to find a buyer before administration.
I'm fairly patient so happy to wait on Xeros; it seems promising from here and I recall the sp being 160 in my time at one point. Shows potential for a resurrection of sorts.
Hi D-Geeman, no I bailed a few months ago. I had faith in this company but it wained a bit. None the less I still think XSG may have legs so I look in now and then. Todays news is good and I will have my fingers crossed for current investors. Same with EVE which I also bailed from but unlike this company I think they are a lost cause.
It looks as though the Xeros tech will be fitted into a lot of washing machines, starting in a couple of years from now.
Surfie, are you still here?
" As is clear from our announcement on 31 March 2022, the Company will require further financing before the anticipated break even in 2024"
this doesn't change the fact that they are looking to raise more funds ...probably via share issue and dilution ...monthly cash burn is way too high
What’s the Asia business? Is that IFB or is there another company that there talking to? Sorry might have missed something.
Great announcement, I have just topped up.
GLA
Yes agree the product is being well received and gaining traction.
Also note this hidden in RNS on discussions on commercial licensing: “In addition, Xeros continues to work with the Asian washing machine OEM and is in early stages of discussions on commercial licensing terms.”