Xeros Tech Share Price (XSG)

Xeros Technology: Berenberg reiterates buy with a target price of 20p.

Hello. Just bought in at 6.42p but buy was shown as a sale.
IMO there seems to be a lot of potential here even when taking into account the possible cash raise that has been alluded:
The interim results published today are looking back from 30th June, so will not show any benefits of any recent Licensing agreements or discussions with other companies e.g. Ransom’s (RNS 6/09/2019) or the recent agreement with WashCo (RNS 10/09/2019).
The comment sin today’s Interim results are also very encouraging:
"The commercialisation of our products is now accelerating with a number of contracts in execution and in development in a number of countries including the two most populous.”
“Furthermore, Xeros expects the cash burn rate to fall further as it completes its migration to a licensing business.”
GLA

Bit of a Claim To Fame!

https://www.hydrofinity.com/blog/french-customer-wins-exclusive-contract-to-wash-outfits-of-notre-dame-workers

"Xeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the developer and provider of water saving and filtration technologies with multiple commercial applications, today published its interim results for the six months ended 30 June 2019.

Highlights

·Major commercialisation progress of platform technology:
o License contract in execution with India's largest domestic washing machine manufacturer
o Joint development agreement in progress with largest Chinese domestic washing machine manufacturer
o Commercial washing machine license contracts in execution with India's and China's largest commercial laundry equipment companies
o First XDrum commercial washing machine commissioned in Shanghai
o First endorsement of Xeros' cleaning technologies by garment manufacturer in US
o Joint development agreement in progress with world's largest apparel manufacturer
o Binding Heads of Terms signed for the development and licensing of Xeros' technology by the largest garment finishing equipment company in South Asia

· Net cash outflow from operations £9.2m (2018: 12.8m), 28% reduction

· Group cash of £5.2m at 31 July 2019

· Adjusted EBITDA* loss down to £8.1m (2018: loss £11.6m), 30% reduction"

Anyone listening to our esteemed leader Boris's midday speech today will have heard him mention Xeros in connection with innovative companies!