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https://seekingalpha.com/article/4336271-stratasys-3d-printers-set-to-soar-after-virus
As expected poor results....YET, it is what it is hence the current SP, we can draw a line now on that poor results and move forward with much better year ahead, like the CEO said, we have very strong balance sheet,(over 25 millions in cash) fresh team and revised plans...as such things can only get better post covid 19 crisis...happy to hold.
https://twitter.com/surprised_trade/status/1253217404223721472
Significant progress in Xaar 3D Printing saw Stratasys increase its investment from 15% to 45% with an option to acquire the business outright (at twice current mcap)
''With a strong balance sheet and net cash we have the appropriate level of funding to deliver improved business performance. We have the fundamentals in place with a new management team executing a strategy to return to profitability and deliver sustainable growth'
re covid 19 'we are yet to see a significant impact on customer demand ''
Agree, just head down, arse up and carry on. All good, can expect some disruption from covid, but also we are now a sitting duck target for a takeover. Gla
and I would suggest Schroders with their current 20% stake also knowing the financials as we did see the opportunity of that extra $33m( or more) arriving in here :-)
all figures expected, ..very good, new team in place as we know and Stratasy with the option of a complete takeover, John Milss and the new team is why Investors Chronicle highlighted XAR as a bargain share at 35p to 40p because the old team had lost it's way, he is very succesful as posted by another poster and with £25m cash income of £49m and no significant impact as yet by covid all is as expected and why XAR is also a net net stock, new team who are starting to get the business back on track from the olsd one and good financials picked up by John Mills since he started a few months ago.....will stratasys go for full blow takeover ? they have 45% now I would suggest with 3d printing an ultra high growth area it's almost a cert and with 65p being the highest price in last 6 months so far and lockdown beginning to lifted in various countries we have an intersting and potentially profiable opportunity going forward..John Mills has good form :-)
and I got the impression on that previous post you were in cash Bryn, no problem with that and clearly you share an interest in XAR as cheap as possible, we all do, you may or may not get that opportunity, markets are volatile at present but incerdibly hard to judge, as they say it is often time in the markets that achieves over time rather than trying to time the market... here's a bit from Schroders, who have so far invested enough to secure 20% of XAR recently, they also see the potential as we do, they were buying a lot higher than current price too.....
https://www.schroders.com/en/uk/private-investor/insights/markets/time-in-the-market-not-timing-the-market-ftse/
Hi Bryn, thanks for reply, Stratasys still have the option of another $33m stake of XAR having already invested £10m so far, and as detailed in an article in erlier posts 3d printing is anultra high growth sector and expected to grow at speed going forward and as you say financials are and will be important as we progress out of lockdown and XAR's trading update of only 4 weeks ago confirmed they are in an excellent position prior to the lockdown and will be ideally placed coming out, it is no small matter for Investors Chronicle to highlight XAR as a bargain share for 2020 as they too see the potential ahead.....very decent revenue, no debt, cash macching mcap alone and nothing priced in for future earnings, it is clear the figures speak for themselves :-)
@surprised, long term the prospects here are good. I used to work for xaar and still have some friends there. All I am saying is that if the FTSE returns to recent lows then xaar will follow. I am all in cash ATM.
I posted wrt potential buyers in good faith based on a rumour from a trustworthy source but that was prior to the current situation and I can guarantee you that pretty much every company has only one thing on there mind at the moment and that is cash preservation. Hence why I imagine all talk of a buyer has disappeared.
Your buying into a strong company, who's products are world class. Money in the bank equivalent to sp and potential take over target. Covid may cause a slow down in the market, but this type of company can ride the storm and come out running..gla.dyor
Your right of course, i bought in when it was at its peak , would be nice to get into the blue though, be good mate
Hi Bryn
I'm all for open debate but i think your recent disengenous post re 'dead cat bounce' post was a contradiction to your post on 19.2.20 below....
''Mkt cap is effectively the same as cash in bank.... I expect someone will make an offer soon at this price, I was hoping for 200p . It would be a shame to be hoovered up for 50p...''
I know markets move and change but with the guidance of the trading update stating 'The Group expects to report revenues 49.4 million for the year ended 31.12.19. Group cash balances were £25.3 million ' nothing has changed since your hoping for £2 post and the cash still covers mcap alone. :-)
If it must go lower, then we must get more funds ready, as the lower it goes, the more attractive it gets. Gla
FTSE is heading back to the lows at least, this was all a dead cat bounce, xaar is probably worth a gamble at 20p but could easily go lower unless we get some positive guidance in the final results
Hi Dirky, all part of the journey of a share price and importantly today's drop was not XAR specific it was a general market drop across most stocks and if anyone believes in the financials and potential it provides opportunity at cheaper prices, investing in markets usually requires reverse psychology and although we all feel better buying on a rising sp it is often those who secure when it's quiet and dropped who ensure better gains, easier said than done as we know...gl
Snakes and ladders time again
always pay to be cautious, particularly on a general market drop day :-)
results due anytime soon, trading update 23.03.20 may provide a clue .....
XAR making good progress & re-iterates the preliminary guidance for 2019. The Group expects to report revenues £49.4 million for the year ended 31.12.19. Group cash balances were £25.3 million
key factor is mcap= £25m
Should be issued by the end if the month.
In compliance with this request, Xaar will not be releasing preliminary financial statements, but will publish full audited financial statements within four months of the financial year end, subject to any further guidance from the FCA.
Market is cautious. I for one wait until the result.
Would be a massive buy for me.
@Isthisawinner - thank you.... much appreciated.
Welcome aboard, I'm only a new recruit, surprised seems clued up, if you need any further info I'm sure he can update you.gla
Hello all,
This is my first post because I generally do not like to post.
The financials of this company speaks for itself. My main reason for reinvesting is due to the management changes they have made and the fact that their products and IP are fantastic - they are only skimming the surface in some market segments.
Now they have appointed John Mills, with a proven track record for turning companies around, and vast experience in this sector, I see the company going from strength to strength.
should have read, yup Schroders increased their holding ..etc
you, the increased their holding by the same stretegy at low's, we pi's noticed and price rose so mm's will be working hard to increase their holding where they can ahead of results being released I'm sure, why build a 20% stake in something if you don't see a return from here , they clearly do as do Investors chronicle who also note XAR as a bargain share at 35p for 2020 and it was trading in the 50p -60p+ just a few weeks ago before the market crash, so yes expect a few 'games' from mm'sbut with justa £25m mcap against income cash etc as stated before the figures speak for themselves for anyone who can hold for a few weeks :-)