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Hello Mate. I can't see it either being really good or really bad. My understanding is that if the Company is either UNDER or OVER forecasts by 10% they have to release an RNS. The fact that no such release has been made should indicate the interims will be roughly in line with expectations. Time will tell. I think they will be out tomorrow or Wednesday. Holding loads of these now and holding out for some good news!!!
I agree share price has to rise fairly soon. I know the past trend has been down but this has been mainly down to write offs and restructures and in fairness to XPS the whole model was affected by the change to pay outs from the mobile operators from an upfront payment when they sell or connect a sim to a payment paid over the lifetime of the contract. This has (we hope) all washed through in the share price and having attended the AGM and had a decent chat with Mr Catterson and Mr Ogle I left the AGM confident that my money is safe!! I reckon the Interims will be released tomorrow or Wednesday and they will state in line with expectations etc. I think share price will start to rise after the interims are out. I don't understand why no RNS was released re SIMS 4U!
Very strange there has not been an RNS about this! - have checked creditsafe and previous posters are quite correct, Anthony Catterson and Chris Ogle are both Directors and have been since August. The Company is in the Group structure of Expansys also. There has never been an RNS about this. Would be very interested to see the resonse from Mr Catterson.
Hello Mate, last year the RNS came out 13 December, I got an auotmated text this Monday (4 days back) from google saying they were due on Monday, 09 December, but I emailed Broker who said "no date set yet" so I assumed nothing this week. Could be wrong though, they could come out tomorrow! Hoping they will be better than last year and see a decent little rise for us all. I am mega confident in XPS long term having met the Board at the AGM but not too sure short term, but can't see the share falling further than current 0.58 > 0.63 range.
Hi - There is not a delay in the RNS - they are due in December, (no set date) - I have emailed the broker who emailed back to confirm the above. I reckon they will come out middle part of next week, so maybe 17 18 or 19 December.
Got a text this morning at 0600 from Google Finance stating XPS Interims were due out today. No RNS. E Mailed the Broker asking for clarification of the interims release date. Got an email back stating "Date not confirmed yet, although they have to be out in December in accordance with the AIM rules". I guess later this week then as oppose tomorrow....
Their focus has shifted from being a retailer to the masses to a provider to the networks. I do agree they could sell a lot more on-line with more advertising, but I guess if the margins are that low as claimed their focus is better on the larger contract wins for the networks. Good luck all. Intermins out next week.
I believe the interims are due on 09 Dec - so not long now. Fingers crossed they show steady progress and a performance in line with expectations. This share is massively under valued and I see no reason now why it wont start moving upwards, let's get back to 1p then move steadily ahead. They last raised money at 5p so that must be a target of the board I would have thought to get it back to.
Hi - I think the fact that there has been no RNS re interims I'd expect them to be in line with the forecasts. I think if they are going to under perform or over perform by more than 10% they are obliged to issue the market an update. We are entering a key selling season so if the RNS re interims is a good one, the share price should move forward.
Yes, it does sound encouraging. Anthony and Chris appeared completely in control and I left the meeting filled with confidence. The broker review of XPS by N1 Singer also appeared to state they feel the value should be 1.6p - if the share price rises to that in a short space of time I think we'd be all be happier.
Well, I attended the XPS AGM this morning and had a good fifteen minutes on a one to one basis with both Anthony Catterson and Chris Ogle over a Coffee. I was very impressed in their vision, and have left the meeting confident that the business will deliver. I discussed the issues re share price performance, sales, margins, the 3 year plan, Directors share purchases, turn-around plans and what I perceived as a lack of tweeting by Peter Jones, (when he is clearly an influential figure and he seems to tweet heavily for Jessops) along with other issues as the DSNS write downs, growth in Asia and a lack of RNS over the last year compared to 2012. I don’t think it is appropriate for me to detail all of the responses on this forum in detail as I did not make either Anthony Catterson or Chris Ogle aware that I would, and would not like to share info that they may not want published, but what I can say is I was very impressed with all of their answers. Only 3 investors attended the AGM but I am more convinced than ever that XPS will come good. I was very impressed with all of the responses from Anthony and Chris and feel that they spoke honestly and openly and feel that they are completely committed to the business. Whilst there, (the AGM was held at the offices of N1 Singer) I read their recent review of XPS published this week. The report is too detailed to cut and paste here, but it sounds very positive. Interims due 12 December. One thing that I will publish taken from their report is the following text. Valuation and Recommendation. XPS trades on a prospective Apr 2014 PER 3.5 falling to 2.8 April 2015 or 3.0x on a cal 2014 basis, (0.6x EV/EBITDA) Our analysis suggests the intrinsic value of 1.6p is almost triple the current share price. Revenue targets 2014 £112M 2015 £122M 2016 £139M. EBITDA 2013 2.2M 2014 2.8M 2015 3.4M 2016 3.9M. IMO XPS remains a solid BUY and I will be topping up pre the interims due 12 December. DYOR!
Hi - It is tomorrow morning at 9am at the Brokers office in the City. I will be attending - starts 9am. I have 3 questions that I intend to ask the board. 1) What their plans are to recover the share price over the next 12 months and what targets have been set, 2) why Peter Jones tweets about Jessops but not XPS and what plans they have to capitalise on the celebrity of the Dragon and 3) why I hold more shares than many of their board and why they have not been topping up personally since the share price has fallen. I have got a letter of representation from my nominee to allow me to speak and I have emailed Mr Ogle the CFO to let him know I am attending. I will let you know how the meeting goes. Dan
Here is a story from the Telegraph May 2013 which may throw some light onto the recent Lonhro sells. One of the oldest and most colourful names on the London stock market is set to disappear, with a recommended offer for industrial group Lonrho. The current Lonrho, whose operations include seafood production, hotels and a stake in FastJet, is a far cry from the business originally incorporated in 1909 as the London and Rhodesia Mining and Land company, but which came to prominence during the 30 year tenure of Tiny Rowland. Rowland, who began running the business in 1963, was adored by a legion of small shareholders, and fought a longstanding and ultimately unsuccessful battle with Mohammed Al Fayed for control of department store Harrods. In Rowland's hands Lonrho moved from mining to hotels to textiles to newspapers (including the Observer), but some of the company's activities during Rowland's tenure were described as "the unacceptable face of capitalism" by then-prime minister Edward Heath. Shortly before Rowland's death in 1998 - five years after he was ousted from the company - its mining assets were spun off as Lonmin, and the remainder became a mini-conglomerate focusing on Africa, keeping the Lonrho name. It is the latter which is now the subject of the takeover. A company controlled by Swiss billionaire Thomas Schmidheiny and investor Rainer-Marc Frey has agreed a deal to buy Lonrho for £174.5m. Their investment vehicle FS Africa, which controls 19.9% of Lonrho, has offered 10.25p a share and has agreement from directors and shareholders representing another 18%. In the market Lonrho shares have nearly doubled to 9.86p. Panmure Gordon analyst Damian McNeela said: We see a counterbid as unlikely. FS Africa acknowledge the requirement for further capital investment in Lonrho, our key concern, to fund growth. The price reflects a 97% premium to last night's close and we would expect shareholders to welcome this all cash offer. We move our recommendation from sell to hold.
I agree we need some good news released - the last time I asked XPS about a lack of RNS they said they had taken the view that instead of releasing stories about say contract wins which should make XPS £ they would wait until the results filtered through to the accounts and then release the RNS. The AGM is next week. I am attending. I shall keep you posted.
Here is the full story LONDON (Alliance News) - Expansys PLC Monday said Non-Executive Director Brian Collie has been issued with 1.7 million shares at 0.575 pence each under the terms of his contract. Collie's holding is now 8.1 million shares, or 0.69% of the company. Expansys said it expects the shares to commence trading on Thursday. The price was based on the closing price of shares on September 27. Following the admission of the shares, the company's total issued share capital will be 1.16 billion ordinary shares. Expansys shares were Monday quoted at 0.56 pence, up 0.01 pence, or 1.8%. By Samuel Agini; samagini@alliancenews.com; @samuelagini Copyright 2013 Alliance News Limited. All Rights Reserved. Related Shares: XPS. Next Article: Chariot Oil & Gas Farm-Out Deal Approved By Mauritania Government Back to Finance News Home | Contact Us | About Us | Advertise | Sitemap | Web Design by Revive Digital Media | Terms & Conditions | Cookies | Privacy