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So when are we expecting the RNS?
Well North of 100mil invested in this over the years and now a MCap of £5 mil, could be half that next week if no news.
how can so much investment produce zero return!. is the even a real company?
So I would say it is a real company after that RNS :) you have little faith
It`s taken quite a while
But , this news is
Outstanding
I’m not sure I take your point! how many real businesses the size of Xeros would still be operating after the losses it had?.. I have faith in the tech, but in the BODs ability to commercialise, well that’s another story, the FD has forecast 4 different breakeven point in the last two years.
Ha! timing is everything.....
B*gger.. Could have bought twice as many today, or just waited. Wyn, we are blindfolded in this game. How are we going to win?
Blindfolded? It was written in there RNS, it was obvious it was going to be at a massive discount based on the MCAP and cash burn.
well, D, my thoughts would be:
stop buying loss making companies. It increases the risk exponentially.
The next thing is get some ideal of their valuation relative to other companies in their sector
Stay away from exploration companies because they are loss making AND have the odds against them of finding whatever they are looking for.
Figure out what sort of annual return you want.
only bet with money you can afford to lose.
If you want less risk then but less risky companies......
And have a plan.....
and fwiw I have just bought a few more of these now and will give it 12 months and then see where we are.
All makes sense wyn. My inclination would be to buy more too at this level but for me that would mean selling something else. Can't do that atm.
The technology looks good and I'm longer term as you know, so could be worse.
I have very little hope for eve now it's this late in the day.
AVCT really needs to save my day now
Nice buy Wyn. Me too
Should see 10p before too long
I wouldn’t believe anything this company put out! take for example RNS dated 24th June 2021 agreement with Girbua, first sales planned in 2021, doesn’t even get a mentioned again or on Girbau’s website.
Happens time and time again with this lot, it’s criminal really..
Oh dear D-G it's not been your week! Some months ago I was sure this was a good bet but I'm loosing faith. I know you're invested but do you think this is worth a punt?
I would not give any opinion I'm afraid! SP here was 160p in my memory (and higher before that). Must have been based on the technology being adopted widely and that's still on the cards I guess, though many more shares in circulation now.
I do have tracker ISAs too; my own stock picking was supposed to be more risky but it's been a rather expensive experiment. It could still work out overall I guess but today feels as though I / we've been played like fiddles with the good news on the X filter joint development agreement. I guess if the tie-up comes off then the extra money they now have should get xeros sp back to much higher levels again. Tempting to break my rule and invest more funds at this level but not going to do it.. Better off paying off some mortgage and no risk at 'saving' 5 – 7 %.
I can always add more later, if it looks more certain.
Not looked at your posting history Surfie (though will in a second). Where is your biggest investment?
I think Surfie, its worth trying to have stab at what the company could be valued at if there is a reasonable uptake of its tech.
If say £50m is a fair figure and its currently valued at £5m then it looks a good bet given where it is int own cycle.
The "problem" is its been here 3 times before? ie no more money needed before decent income rolls in.
This is surely the last cash raise now so I have 1% of my portfolio in this and will add further if I think the risk decreases.
But its pretty much a bottom draw, see you later, type stock for me.
Wyn, you';ve mentioned taking out 30% of your stake when your're 30% up etc.
If you're down and you buy more, do you sell when you're 30% up overall, or just up 30% on the latest 'buy' – even if you're still underwater overall?
I can be a bit fluid D: it depends on my reasons for buying. On what I call binary stocks: (this one for example) My plan is normally time/news related rather than price related. Mostly (again accept for special situations) I usually only add to a position when the stock is rising.
The exception will be if its a frequently chart traded stock like say AVCT which I often add to around lower support levels. (however I sell it to at higher resistance levels)
I have a number of higher risk stocks at the moment so am applying a time/news criteria to them, such as AGL, HE1, BMN & ECO. However collectively they make less than 10% of my portfolio. (As you know I like WOSG and just keep adding to at lower levels because I think this is simply been dragged down by everything else and not on its merit so I spose its the old "buy when everyone is fearful" luckybuffet strategy.)
Generally I don't expect to make 30% per stock but when I do I employ the profit taking formula to bank them because anything that goes up that quick often goes back just as fast, (sooner or later)
Exception will be divi based stocks such as GLEN and BAE for instance, which is just buy and forget. They tend to take up a larger proportion of the portfolio in percentage terms.