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Market malaise drags into 2024
Xaar has released a trading update for 2023 that includes cautious commentary around 2024. The group is expecting a strong end to the year in terms of profitability, albeit with depressed revenue levels. Sales pressures are expected to continue in 2024 and, combined with downward pressure on prices and cost inflation, are likely to lead to a materially reduced level of profitability. We alter our estimates for both years to reflect the update.
Although the group is clearly navigating tough markets, we continue to see long-term value in the new products and markets that recent investments have delivered.
Long-term potential remains
As described above, we remain enthusiastic about the group’s long-term opportunities.
The new products and systems (as demonstrated in the recent product demonstration day
– see our note) appear to offer materially better functionality to customers, with moreviscous inks delivering better print quality, with faster print speeds (based on faster drying
times) and lower environmental impact. We will, as planned, revisit this opportunity with
another note in the new year.
It does look like a good long term hold. I'll see how things go then decide if I should buy it back or not. Hope to see you here again soon. Have a good day dear.
Unfortunately, I thought it was a good long-term hold too, buying in originally at 550p in 2014! Since April 2022 it has been flat or in decline but this latest drop looks the worst during recent history.
I am tempted to average down but today's further drop seems for no obvious reason and the overall drop seems OTT. Maybe an II is offloading? Other shares in other sectors seem to suffer similarly huge drops without justification.
Think I might a bit but think there will be a short-term bounce back suitable for a quick few days or weeks trade. The PE here is still high though.
Certainly in a different phase from the 50p lift off 10 bagger. I used to watch XAR regularly hit the risers and fallers lists and wanted a piece of the action. Something always steered me away. However pulled the trigger this morning and will see where we are in 6/9 months - being XAR it will be in vogue again when least expected.
Just decided to buy a few back @99.78p. Let's see how it goes then.
I will be buying in large good company but it is a long term hold say 3 to 5 years
Looks like this is starting to turn. Hope it will gradually go back up soon.
Gradually, stuff that lol - this is Xaar - it will move up 30% in short order or fall 30% - does not do gradual :)
Well, In that case, hope that the next move will be up then, lol.
But it does look kind of gradual rise though Mary, only up 1p today, hahaha
Better move today
Adding again for the next shot up - like an atm
This is getting to be a buying price but I see may be 90 soon
Up 12% today to 140p
Not much chat here , and does not look like I posted before .
Share fell to a low of 91p January this year .
I last looked 11/4/23 when I saw they came back to my last top up of 204p of 1/6/2021 .
I see MaryBr190 bought 6 December 2023 around 108p then .
Good to see her post .
"Certainly in a different phase from the 50p lift off 10 bagger. I used to watch XAR regularly hit the risers and fallers lists and wanted a piece of the action. Something always steered me away. However pulled the trigger this morning and will see where we are in 6/9 months - being XAR it will be in vogue again when least expected."
Hindsight of today let alone January 2024 should of sold all on 11/8/21 when I last sliced at 250p
Broker has my Break-Even Price 116.8205p so at least I am apparently up
My first buys shows 7/3/2017 for 345p
Me a long term holder cannot believe this 17% rise today