Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Stratasys have options on the 3d side as we know at around £26m ish and with XAR basic figures (net tangible assets £70m - 89.5p a share) suggesting around 90p before adddng in any other factors previously detailed in earlier posts a bid for the entire works would be substaintially north of our known knowns :-)
Would Xaar be a worthwhile acquisition for Stratasys? I mean Xaar in total, bought by Stratasys. Not simply Xaar 3D. A bid or negotiated sale at a bit above the present low market cap. Stratasys would get themselves the £25m or so cash on Xaar's balance sheet, they would save themselves the $33m option price to buy the rest of 3D, they would save themselves the 2% royalties over 15 years on future 3D business up to $10m. They really would end up paying not much at all, in cash terms. At a time when the poor old pound has been battered down to about $1.23. Now the value of the rest of Xaar to Stratasys or the value of relationships in China or whether there is compatibility within their different businesses or the synergy there might be or might not be, all that I have no idea of. If all this is nonsense, please do excuse me.
I can currently sell 45,000 shares in one hit at 59.16, even though the advertised spread is 58.60/59.40
Something is afoot.
Two more massive trades just gone through, just after midday. One for 1,115,000 and the second for 814,000, both at 59.5p.
I'm usually extremely sceptical about whether trades are buys or sells due to them being only indicative and based on the mid point of the spread, but I can't see how they can be anything other than buys at that price given the spread at the time.
The volume is going to be very high today, and I usually see that as a far better indicator of what is happening.
https://twitter.com/surprised_trade/status/1260884117002076163
One of 500k, two of 250k each.
https://twitter.com/surprised_trade/status/1260846363111276545
Investors Chronicle highlighting XAR hits the print for Friday's issue
thanks, pumpy, the hardest aspect at times is having the resolve to hold the stock and not sell out too early in the story..as often stated (by me, lol) the figures speak for themselves and the 'net net stock' situation when at lows was the initial attraction and supported a large move to current levels, and the story gets better when you look at the recovery aspects, revenue, cash etc and clearly a rise to 90p + on the basic sums supports those figures (Investors Chronicle's assesment) add in some sentiment, momentum and progress in other areas of the business previously detailed and the case gets stronger. We have often discussed when locating a good stock pick, position, patience and resolve will often provide greater returns than scalp trading a couple of points etc.
Very pleased for everyone who has secured some XAR and tolerated my 'highlighting' of XAR over the past few months and the many posts (and tweets lol) I seem to have placed here, as the story is still as strong, if not even better now, as we know. :-)
;-)
This stock really is a corker great turnaround potential thanks ST! Target 150p
The 38% share price discount to book value of 88.5p should narrow markedly - BUY
Friday should be good when the IC magazine comes out !!
very good write up by Investors Chronicle and clealry as we know states the basic added value on the basic figures add in the other aspects as detailed in the post below and a sound investment case applies, I would guess that article will be printed in Thursday IC and alert even more investors to the story here :-)
Moving into the 60's this morning....healthy demand continue,so someone is still keen to take a further position for what I hope with a savvy reason...happy to hold myself.
https://twitter.com/surprised_trade/status/1260091927040610304
the figures speak for themselves & IC stating there is a lot further to go on just the current basic sums, add in the large print head tech and value potential increases again
Invested today.
Added that net assets at end Dec were £70m v market cap today of £44m, and the annual report refers to a new strategy around OEMs and route to market, which should help drive top line revenue.
https://twitter.com/surprised_trade/status/1259805531843309568
Investors Chronicle XAR a buy and challenge on years high upcoming :-)
https://www.investorschronicle.co.uk/comment/2020/05/11/five-bargain-share-success-stories/
In other words, there is potential for Xaar to create £17.3m (24p a share) of additional value (from 55p) for shareholders assuming Stratasys exercises its call option. I wouldn’t bet against it.
And if it does Xaar will also be entitled to 2 per cent of Xaar 3D’s revenue for a period of 15 years, capped at $10m
There is hidden value in the group’s balance sheet, too. Stratasys has a call option (expiring in December 2022) to buy out the rest of Xaar’s shareholding for $33m (£26.6m). Xaar 3D has net assets of £15m, of which £9.3m is included in Xaar’s equity shareholder funds of £63.9m (88.5p a share).
The bottom line is that, at 55p, Xaar’s market capitalisation of £43m is more than 80 per cent backed by £25.3m net cash and the £9.7m carrying value of the Xaar 3D stake, so you are getting a free ride on a chunk of inventories and property assets (worth over £30m), and a valuable option on Xaar 3D being bought out at £26.6m. As operating losses narrow, and more investors become aware of Xaar’s recovery potential, the 38 per cent share price discount to book value of 88.5p should narrow markedly. Buy.
https://www.stratasys.com/3d-printers/j8-series
some impressive kit here including mechanical, medical etc.
https://youtu.be/uuP26Pjlakw
https://twitter.com/surprised_trade/status/1258397859591991302
CEO bought £50k last week, Schroders now hold 27%, Stratasys have £26m further to invest...figures are clear, Revenue £49m, cash £26m hence challenge on years high expected going forward
challenge on years high over coming sessions as detailed below,,,thefigures simpy speak for themselves, a combination of the sell out by axa and a general market drop pushed XAR into bargain territory and now with Schroders gathering shares a pace, 27% so far and Stratasys with a furthern £26m to invest too it all adds up to an mcap and sp much further north than current levels as we know.... :-)
Surprise surprise...to be honest I didn't think it would be so easy to sail past 50....no complaint though...
Yes,and will be a strong signal if we can underpin yesterday jump....seems ok so far...-:)
nice start :-)