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I see the game of snakes and ladders is st play again...never seen a company with so many small trade. Schroders in control here atm.
yup results held over as requested by fcs, last update 23.03.20
Xaar continues to make good progress with its strategy and re-iterates the preliminary guidance for 2019:
The Group expects to report revenues for its continuing operations of £49.4 million for the year ended 31 December 2019.
Group cash balances (including cash held for investment in Xaar 3D) were £25.3 million at 31 December 2019
the Board remains confident in the long-term prospects of the Group
Possibly due this week, might mention how covid has impacted the first quarter, would expect some sort of drop of in orders, if so, watch for the tree shake, slow down already priced into the sp and more, Schroders might try a few games with their deep pockets.gla
in addition I would imagine Schroders will continue to seek to add to their 20% holding while they can :-)
been a fast rise to 37p area from 20p , a few days consolidation and pull back is always handyasit provides a good support level for the price before next journey upwards, as w eknow nothingstraight lines , however this is what we expect and the sp needs and allows new investors to come on board at reasonable level and others to build their stake further as having a net net stock in a pf is ideal and the figures in earlier posts speak for themselves for those invested over coming weeks :-)
Fair bit higher to go yet I think.
Gla..
Bargain share is when net current assets less prior obligations exceed mcap of the company by 50%, companies that match this criteria are very rare and difficult to find.... XAR fits bargain criteria and is considered a rare net-net stock.
XAR's partners Stratasys hold 45% stake in XAR 3d printing side of business with option to take a further $33m
https://seekingalpha.com/article/4336271-stratasys-3d-printers-set-to-soar-after-virus
XAR is in ultra high growth sector
current value, 29m mcap, is less than total of current assets less liabilities at £47m, net cash £26m, revenue £49m = 78m shares in issue into £47m =60p, hence a net-net stock
Investors Chronicle noting XAR as a bargain share for 2020 (not just just April !)
https://twitter.com/surprised_trade/status/1250679568446427136
https://twitter.com/surprised_trade/status/1247877023818809345
uh...takes all sorts I guess....
https://twitter.com/surprised_trade/status/1250333579181080577
Trend is still down, FTSE bear market bounce is over and this will retest the lows I think. All the buyout chatter is gone - I guess all companies are hoarding cash in these interesting times
Just like snakes and ladders, when you think your finally getting there, you land on a big snake and end up back where you started.
https://twitter.com/surprised_trade/status/1250370630224097280
Investors Chronicle Bargain share for 2020 XAR
lol..only if you have patience and don't expect everyday to be riser, all part of the game :-)
Next year Rodders, well be millionaires.......
https://twitter.com/surprised_trade/status/1249994040218660864
current value, 29m mcap, is less than total of current assets less liabilities at £47m, net cash £26m, revenue £49m = 78m shares in issue into £47m =60p, hence a net-net stock, it's not a day trade, it'll zig zag it's way but value is there from 38p on basic figures
Still very cheap....should be near enough to 50p for now....much higher after next update....IMHO.
Trading update 23.30.20
Xaar continues to make good progress with its strategy and re-iterates the preliminary guidance for 2019:
The Group expects to report revenues for its continuing operations of £49.4 million for the year ended 31 December 2019.
Group cash balances (including cash held for investment in Xaar 3D) were £25.3 million at 31 December 2019.
update a couple of weeks ago support the post below on valuation...position ,patience :-)
38 now, next barrier is 40, can it be knocked down today ?
price revie already, from Investors Chronicle --''Its £33m market capitalisation means the valuation is less than the value of its current assets less all liabilities at £47m – what the grandfather of value investing Benjamin Graham described as a net-net stock. That's based on a balance sheet prior to receiving money from the 3D stake sale. Adjusting for investment back into the 3D joint venture and the restructuring costs puts Xaar’s net cash at about £26m, or nearly four-fifths of the market cap.''..........therefore adjusted value on current mcap of £29m , take the £47m assets less all liabilities divided by 78m shares in issue provides a basic valuation closer to 60p :-)
https://twitter.com/surprised_trade/status/1249968143319085057
just my initial (regularly reviewed) current target sp.....
current 'initial' target price as requested #XAR ...momentum, sentiment and valuation going forward could see much further uplift over coming weeks
37.5 atm gla
https://twitter.com/surprised_trade/status/1249963442380865538
updated techs for XAR combine it with the fundamentals
Looks like the brakes may be being released atm...gla