Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Xeros Technologies CEO, Neil Austin, Finance Director, Alex Tristram, Tom Cobb, Group Product Development Officer and Alasdair Scott, Filtration product owner introduce Xeros, providing an overview of their technologies and the opportunities for the group.
Watch the video here: https://www.piworld.co.uk/company-videos/introduction-to-xeros-technologies-xsg-october-2023/
Or listen to the podcast here: https://piworld.podbean.com/e/introduction-to-xeros-technologies-xsg-october-2023/
This week the governor of California appears to have kicked their proposed washing machine filtration legislation into touch. The French legislation is also looking extremely vague, there does not appear to be a firm date for implementation or test standard that makes this tech relevant. It may get implemented one day but certainly not in the foreseeable future. Without a law to make fitment of filters mandatory no manufacturer is going to do it. At best this tech is going to be niche and will never generate the sort of license revenue to cover this company's huge costs, and not before they go under. I think the last update was seriously misleading. As for Xorbs, what washing machine manufacturer in their right mind is going to try and sell a machine full of plastic beads that are bound to wear and produce exactly the sort of laundry pollutants we are told need to be avoided! It just doesn't add up. I invested a fair amount into this company over the years but it's now absolutely worthless and I have given up any hope of ever seeing a return. Has there ever been a company that has squandered so much of its investors money? Pitiful indeed.
Just caught up with the Investor Meet. I have been invested in XSG for over 10 years and have sunk an eye watering £30k in over that time. I have grown weary of the false promises and downright lies at times and recently sold what pitiful amount was left from my holding.
The Investor Meet appeared a investment pitch. Cash burn is still high and they will need to do another raise soon, so they were trying to drum up support by selling the story (which has been sold many times before). Other than textiles, which I don't believe will be a high revenue generator, I don't see a bright future. I think they'll tick along for a few years and someone will buy the IP for Xorbs and anything else worth taking, whilst the company will end up in administration. Sad, as I had high hopes here, but this looks like a dead duck (if only I realised earlier)
At the present time this share reminds me of a death spiral! There is so little interest. bods need to come up with something soon!
AIM (indeed UK) stocks are out of favour is one reason. More specifically it is clear that there will need to be a dilutive placing - probably around £6m to take it to anticipated breakeven.
I have been following this stock since the Woodford days but baulked at investing because of the enormous overheads (they have now got that under control). I thought the presentation was very compelling (and the new CEO impressive) but as always you really want to see actual revenue rather than just licensing agreements. That will only start to come through at the back end of next year and if revenue is delayed perhaps even more equity will be needed.
I think there is a decent chance this stock could do very well indeed given very low m/cap and the agreements they have in place but there is probably a less risky entry point than now.
One point I was interested in was with France requiring the filter by 1 January 2025 what is the lead time for the manufacturers to start making machines with filters - 1 month, 3 months? - so that sales outlets have sufficient quantity of stocks. That would seem to be some fairly certain revenue to come through - but unclear how much market share Xeros will have in France.
In my opinion because not one of these filters will get anywhere near a domestic washing machine, if they think the industry is going to give up 250m a year in annuities there deluded.
The same as not one IFB domestic machine has been made, it’s not even on there website.
Dr. Imogen Napper has been posting about microplastics in our waterways. This, I suspect, is the same Dr.Napper who tested Xeros filtration technology at the University of Plymouth. Xeros came out best in class in the tests. Not sure Xeros made enough noise about this.
Although I would add it does sound much more positive than previously.
It’s absolutely insane that people are buying at this level when the company reported just yesterday that there low on cash.
They need another 6 million (probably more) to get to there ‘cough cough’ breakeven target of December 2024 .
Funds needed 6m, market cap 4m, dilution you do the math! Just wait a month or so and get this much much cheaper.
Xeros Technology Group PLC, up 6.4% at 2.71 pence, 12-month range 2.30-24.53p. The creator of technologies that reduce the impact of clothing on the planet narrows its interim loss and more than doubles its revenue. Pretax loss reduces to GBP2.7 million from GBP4.2 million the year prior. Revenue jumps to GBP113,000 from GBP40,000. Loss narrows as the company's administrative expenses drop to GBP2.8 million from GBP4.2 million. "Increasing climate awareness and conducive legislation is creating a groundswell of opportunity for Xeros' technologies. During the period, the Group has signed three significant licensing agreements taking our total to eight across all technology platforms, as well as widening its product portfolio within filtration," says Chief Executive Neil Austin.
Anyone that’s still in this deserves to lose there money!! If they can’t see what’s coming then there’s no hope.
Oh my gosh - down again - look at the spread - where is this going? - how long before the lights go out?
How on earth has this pile of rubbish still on the market.
never has made any money and never will do.
What went wrong? This desperatre share seems to die a little bit more almost every day. No news - nada - i have written it off as a dud. So disappointing!
Net cash outflow from operations increased by 19.7% to £7.0m (2021: £5.8m). Cash at 31 March 2023 £4.5m.
So a good time was had by all in Germany. Any news of any orders??
Must be fund raise time!!!
By the way, there’s already loads of these designs available.
Https://twitter.com/XerosTech/status/1696826757683278305/photo/1
Agreed - and it continues down. Dearth of news is never a good sign. Interesting though that the large holders seem to have almost all increased their holdings this year. At this level, or when it seems to turn, it may even be worth a small top up. IF.......!
We don't get any information - nothing seems to happen? Share price dropped from £3 to 3p. What happened - share price just seems to have died without fuss or explanation! No-one even posts anymore!
Yeah reece fantastic RNS that, meanwhile Sp sub 4p now. Can this sh**e show get any lower. This company board has took my investment from £3 per share to 3p in just two years, fantastic work boys and girls and Xs any jobs going on the board, I'll go.
Muppets the lot of them
Good job I only punted a few 💸
Would have liked a bit more detail but on first reading, sounds good!
Great Rns
https://www.youtube.com/watch?v=qLhleHanVJ0
I thought it was supposed to be a Q&A? - i think maybe two questions asked that didn’t get answered adequately.
Also to say breakeven by the end of 2024 is what they have always said is a dam right lie, I can quote at least 5 RNS releases that claim breakeven from as early as 2020.