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Started: DD77, 28 May 2024 09:48
Last post: saxman303, 4 Jun 2024 21:57
It seems someone is buying this stock
Anyone heard anything about lay offs?
And people are still buying this, anyone swallowing this BS deserves to lose their money - no sympathy.
BTW the initial market launch target of IFB was Q4 2021, but here a small flavour of the company coms:
RNS - December 2022
This market launch will complement the ongoing preparation for field trials in January 2023 of a new 9kg domestic washing machine, designed for mass market adoption. IFB is expected to install trial machines in Indian homes early in the new year. Subject to these field trials being successful, IFB will then proceed with a nationwide launch in Q1 2023.
RNS - May 2024
IFB Appliances' new domestic 9kg washing machine, featuring Xeros technology to save water and prolong garment life, moved from R&D to manufacturing and marketing with a launch in India planned within the calendar year.
Austin's report reads like a job application, except the results part.
I'm amazed that ii's are still investing in this dead duck.
They have enough cash for approximately 12 months but I draw attention to this in the RNS. I wouldn't go near this.....
Given the lack of certainty around the timing of the commencement of significant revenues generated by the Group, the Directors consider that the Group's current funding position constitutes a material uncertainty that may cast significant doubt as to the Group's ability to continue as a going concern; in the absence of significant customer revenue, the Group's cash will run out.
Started: JasonCrowe, 17 May 2024 09:50
Last post: JasonCrowe, 17 May 2024 09:50
It has been a year since Xeros signed a contract with anyone.
Started: Superda, 26 Apr 2024 13:26
Last post: Gracetrad1, 29 Apr 2024 09:34
I have future plans to marry a beauty queen!!!!!!
Look I wouldn’t invest in this again for any price ever ever!!!! The reason, because I don’t think that there tech will be used in any sort of volume, that’s just my opinion of course and everyone looks at things differently.
The accounts are out soon if there a going concern then they’ve managed to convince the auditors that they get breakeven (or at least can spin the cash out for 12 months).. if not then I dread to think where the SP goes..
It also talk about future outlook and plans, isn’t it ? IMO it’s about finding the right time to enter / average !
GLA
This link just tells me they have massively underperformed vs other funds since 2020!!!
Let’s hope so fingers crossed
@Gracetrad1 - HL research team feels differently though ? Check the link -
https://www.hl.co.uk/funds/research-and-news/amati-uk-listed-smaller-companies-april-2024-fund-update
These TR1s and directors buys possibly indicating a turn around !
Last post: JasonCrowe, 22 Apr 2024 22:44
Hopefully they have that confidence and it is justified. The confidence to not bother with another one or two months of working capital. Very bullish, or something else ending in ish.
We retail investors are invariably contrarian indicators. The poor retail take up is bullish in my book. They didn’t talk to us because they didn’t need to. Guidance is clear for H2 2024. If they hit guidance it goes up many x, if they don’t, it goes bust. Place your bets.
11% take up of the retail offer before expenses! 11%!
I wonder what might have happened if the Chairman or CEO or CFO or CCO or anyone else really had spoken to the market? Or are they too busy?
What does speak to the market is no new licences for nearly a year and no licenced products launched with their partners over the same time. No visible progress for nearly a whole year.
It is positive Xeros has got more funding and potentially more to go from retail even if that wont be from me! The answer to how much of this will go on WC must be a enormous amount if they have next to no revenue coming in? Has this raise and the warrants bought nothing but a little time to keep doing more of the same rather than being an investment in actual progress? I am sure investors would want to keep the lights on longer if the alternative was a collapse of the company but only if there was still some chance of success.
Month after month the fundamental issues still seem to be the same.
We have seen no commercial progress since May 2023. None at all. Looking over the RNS is embarrassing after this time. Discussions just dont count anymore. They were having them six months ago and nothing has happened? Do they have a closing problem? Elaborate on where they are in these discussions.
They say they have significant licence agreements in place but they arent converting to products in the market even years later. Do they have a technology verification or manufacture implementation problem?
Both of these can be fixed by strong leadership and ownership. I am looking forward to being blown away by the CEO and CFOs performance at the full year presentation. Confident sounding fluff wont work. Facts, data and realistic plans with clear routes to milestones. Like how you will be at breakeven in 6 months by any means other than slashing costs so much that you cannot close deals or implement a thing.
EBITDA?
EBITDA is also a mechanism of cash flow, EBITA plus movement in working capital equals cash in/out flow, the question is how much of the £4m is going to be tied up in WC.
The only positive thing going for this is the ii’s the rest is a bad of crap.. less than 20% off ii’s investment actually pay off.
far bigger and safer option out there that will get you a return and won’t lose you all your money.
It’s gone from a £300m Cap to £3m how many red flags do people need!!!!
I’m amazed they were able to raise such a significant sum at only a marginal discount in the current market. It does suggest there is some life in the old dog yet. Not so lucky for those who took up the warrant option, unless they flipped them. Still not one for me to invest in again but I’m a curious bystander given I’ve sunk plenty in here previously
Optimism or bare-faced cheek? I'd be interested if anyone here can make a case in support of the assertion that this is an 'exciting time for Xeros'.
63% of company shares placing 1.5p
Have long ago given up with this lot - death spiral here we go!
Started: JasonCrowe, 30 Jan 2024 15:55
Last post: JasonCrowe, 13 Mar 2024 12:57
I think DD77 is right. It really looks like they have a bad combination of problems. Sliding cash unless they have Qualus money coming in. No visible implementation progress on the licences they have and no new partners since May 2023. You cant even buy their filter anywhere yet.
Other than there marketing director no C suite are visible in the market. Who is owning this? Compare Adam Root at Matter.
What are they actually doing? There CEO and CCO need to announce not discussions but deals very soon if any confidence is to be built surely?
I would agree, and no I wouldn't buy shares in it. I've lost £30k in here over time. I didn't take up my warrants, I was surprised the SP bounced up when they had nothing to offer in terms of commercial deals. However, the SP has fallen back and the company is in the last chance saloon. Difficult to see it seeing the year out
DD would you buy shares in this? Doesn’t matter anyway it’s all smoke and mirrors, the company won’t be around in a few months anyway in my opinion.
Continuing saying nothing. Brave of Mr Tristam to take the FD role considering.
They’ve got a Finance Director now though. I doubt he’ll buy any shares but he’ll probably be given a load of worthless ones
Started: Maplinman, 4 Dec 2023 10:26
Last post: Gracetrad1, 22 Jan 2024 16:29
I’d assume that they had the nod from some of the institutions otherwise this is a massive gamble.
With time running out on the warrants.
Has the CEO exercised his warrants yet? Are there any commercial wins?
Positive action by the Chairman. It will be telling if the CEO does or does not do the same.
Chairman wouldn't be able to sell on Feb 1st without creating a very bad look, so maybe he believes it'll go well in the future.
So I think the Chairman has spent £68,400 on exercising his Warrants:
'Director/PDMR Shareholding
Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, announces that Klaas de Boer, Chairman of the Company, has exercised 2,400,000 warrants at an exercise price of 2.85 pence each in exchange for the same number of ordinary shares of 0.1 pence each (the "Warrants" and the "Ordinary Shares"). The Warrants detailed above represent all warrants issued to Mr de Boer in October 2022 as part of the fundraise undertaken by the Company at that time.'
Started: Gracetrad1, 19 Jan 2024 18:13
Last post: Gracetrad1, 19 Jan 2024 18:13
How much capital does 1.5m share raise?
This is probably the last month they can afford the payroll, I hope for their sake that everyone is leaving it until the deadline.
Started: SonofYoda, 3 Nov 2023 12:08
Last post: Gracetrad1, 12 Nov 2023 00:33
They don’t know anymore than anyone else does that would be illegal, don’t get spiked
I've been unable to get a price in a dummy sale for the last 45 mins so hard to know why the SP is what it is atm.
Beginning to be pleased I jumped back in on the RNS yesterday.
On the face of it looks positive
Due diligence and all that
Wait and see I guess
Now upto 7.54%
Today i have gone from a 99% loss to a 98% loss on this share - that's very exciting - ha ha.
Started: Gracetrad1, 27 Oct 2023 12:02
Last post: Gracetrad1, 27 Oct 2023 12:02
Not entirely Xeros focused but more of a muse!
Should companies that rely heavily on plastics for there operations be heavily regulated? Every company you look at says they recycle the plastics but with less than 10% of plastic recycled world wide how can that be the case!
Started: piworld, 16 Oct 2023 11:14
Last post: smallfishbigpond, 23 Oct 2023 16:49
Not checked in here for a while. I was keeping an eye on it with a view to investing but it just kept dropping. Eventually I just gave up. Glad I did but genuinely feel for those that took the plunge. I think the management have been totally out of their depth in getting this off the ground with the money and time they have had. Looks like it’s turned out to be one of those“life style companies” in my opinion.
They had better get their skates on, the patents for the Xorbs tech will run out before they can generate any significant revenue.
In fairness, I don't think they expect most their revenues to come from the Xfilter. Their near term revenues will be from the denim finishing market, with some from Xorbs
Their numbers don't make any sense. There are several other technologies for onboard filtration appearing that look much better for the user and much cheaper to make. I struggle to see how any washer manufacturer will hand over £2.50 in royalties for each filter when they also have the added cost of making the filter in the first place. If Xeros achieved half their target royalty (which I think is unachievable) they would need their filter to be fitted to a quarter of every machine in the EU and US in order to just breakeven. Add to that the fact that legislation is not likely in EU before 2030 and it looks like they are dead in the water
I struggle to see how it could be 7-9 million to break even. They're spending over £5m currently a year, so margins would have to be really big to achieve break even off that level of revenue
Feel your pain here, Goldbar! Great concept on paper, but either too early for the market or incompetent management (probably a combination if I am being generous). I have waisted a fortune (over the past 6 years) chasing this down, but no matter how hard I chase it continues to drop! I have written this off, most of their IP will run out soon and most manufacturers will build their own version.
Share price being driven into the ground. Just given up and resigned to my fate that i have lost here. Years go by and nothing seems to happen!
This week the governor of California appears to have kicked their proposed washing machine filtration legislation into touch. The French legislation is also looking extremely vague, there does not appear to be a firm date for implementation or test standard that makes this tech relevant. It may get implemented one day but certainly not in the foreseeable future. Without a law to make fitment of filters mandatory no manufacturer is going to do it. At best this tech is going to be niche and will never generate the sort of license revenue to cover this company's huge costs, and not before they go under. I think the last update was seriously misleading. As for Xorbs, what washing machine manufacturer in their right mind is going to try and sell a machine full of plastic beads that are bound to wear and produce exactly the sort of laundry pollutants we are told need to be avoided! It just doesn't add up. I invested a fair amount into this company over the years but it's now absolutely worthless and I have given up any hope of ever seeing a return. Has there ever been a company that has squandered so much of its investors money? Pitiful indeed.
Started: StuoftheToon, 3 Oct 2023 16:52
Last post: DD77, 12 Oct 2023 14:48
Just caught up with the Investor Meet. I have been invested in XSG for over 10 years and have sunk an eye watering £30k in over that time. I have grown weary of the false promises and downright lies at times and recently sold what pitiful amount was left from my holding.
The Investor Meet appeared a investment pitch. Cash burn is still high and they will need to do another raise soon, so they were trying to drum up support by selling the story (which has been sold many times before). Other than textiles, which I don't believe will be a high revenue generator, I don't see a bright future. I think they'll tick along for a few years and someone will buy the IP for Xorbs and anything else worth taking, whilst the company will end up in administration. Sad, as I had high hopes here, but this looks like a dead duck (if only I realised earlier)
AIM (indeed UK) stocks are out of favour is one reason. More specifically it is clear that there will need to be a dilutive placing - probably around £6m to take it to anticipated breakeven.
I have been following this stock since the Woodford days but baulked at investing because of the enormous overheads (they have now got that under control). I thought the presentation was very compelling (and the new CEO impressive) but as always you really want to see actual revenue rather than just licensing agreements. That will only start to come through at the back end of next year and if revenue is delayed perhaps even more equity will be needed.
I think there is a decent chance this stock could do very well indeed given very low m/cap and the agreements they have in place but there is probably a less risky entry point than now.
One point I was interested in was with France requiring the filter by 1 January 2025 what is the lead time for the manufacturers to start making machines with filters - 1 month, 3 months? - so that sales outlets have sufficient quantity of stocks. That would seem to be some fairly certain revenue to come through - but unclear how much market share Xeros will have in France.
In my opinion because not one of these filters will get anywhere near a domestic washing machine, if they think the industry is going to give up 250m a year in annuities there deluded.
The same as not one IFB domestic machine has been made, it’s not even on there website.
Last post: goldbar2, 11 Oct 2023 14:14
At the present time this share reminds me of a death spiral! There is so little interest. bods need to come up with something soon!
Started: StuoftheToon, 27 Sep 2023 11:23
Last post: StuoftheToon, 28 Sep 2023 14:23
Dr. Imogen Napper has been posting about microplastics in our waterways. This, I suspect, is the same Dr.Napper who tested Xeros filtration technology at the University of Plymouth. Xeros came out best in class in the tests. Not sure Xeros made enough noise about this.
Although I would add it does sound much more positive than previously.
It’s absolutely insane that people are buying at this level when the company reported just yesterday that there low on cash.
They need another 6 million (probably more) to get to there ‘cough cough’ breakeven target of December 2024 .
Funds needed 6m, market cap 4m, dilution you do the math! Just wait a month or so and get this much much cheaper.
Xeros Technology Group PLC, up 6.4% at 2.71 pence, 12-month range 2.30-24.53p. The creator of technologies that reduce the impact of clothing on the planet narrows its interim loss and more than doubles its revenue. Pretax loss reduces to GBP2.7 million from GBP4.2 million the year prior. Revenue jumps to GBP113,000 from GBP40,000. Loss narrows as the company's administrative expenses drop to GBP2.8 million from GBP4.2 million. "Increasing climate awareness and conducive legislation is creating a groundswell of opportunity for Xeros' technologies. During the period, the Group has signed three significant licensing agreements taking our total to eight across all technology platforms, as well as widening its product portfolio within filtration," says Chief Executive Neil Austin.
Last post: Gracetrad1, 23 Sep 2023 21:53
Anyone that’s still in this deserves to lose there money!! If they can’t see what’s coming then there’s no hope.
Oh my gosh - down again - look at the spread - where is this going? - how long before the lights go out?
How on earth has this pile of rubbish still on the market.
never has made any money and never will do.
What went wrong? This desperatre share seems to die a little bit more almost every day. No news - nada - i have written it off as a dud. So disappointing!
Started: StuoftheToon, 6 Sep 2023 11:04
Last post: Gracetrad1, 7 Sep 2023 22:05
Net cash outflow from operations increased by 19.7% to £7.0m (2021: £5.8m). Cash at 31 March 2023 £4.5m.
So a good time was had by all in Germany. Any news of any orders??
Started: StuoftheToon, 30 Aug 2023 11:13
Last post: Gracetrad1, 1 Sep 2023 17:26
Must be fund raise time!!!
By the way, there’s already loads of these designs available.
Agreed - and it continues down. Dearth of news is never a good sign. Interesting though that the large holders seem to have almost all increased their holdings this year. At this level, or when it seems to turn, it may even be worth a small top up. IF.......!
We don't get any information - nothing seems to happen? Share price dropped from £3 to 3p. What happened - share price just seems to have died without fuss or explanation! No-one even posts anymore!
Yeah reece fantastic RNS that, meanwhile Sp sub 4p now. Can this sh**e show get any lower. This company board has took my investment from £3 per share to 3p in just two years, fantastic work boys and girls and Xs any jobs going on the board, I'll go.
Muppets the lot of them
Good job I only punted a few 💸
Great Rns