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barchart.com 72% buy
https://www.barchart.com/stocks/quotes/RLD.LN/opinion
tweet link https://twitter.com/MarcDicks/status/1201516288201437185?s=20
what price did you get?
10 trading sessions (or less) until EGM
2 fund managers of funds that hold AIM stocks (Chelverton & Riverfort) and a vastly experienced CFO.........getting very interesting
Dr Nigel Burton
https://www.marketscreener.com/business-leaders/Nigel-Burton-05HQ93-E/biography/
David Horner
https://www.chelvertonam.com/team/dan/
https://citywire.co.uk/funds-insider/manager/david-horner/d1573?periodMonths=
Nicholas Lee
https://immotion.co.uk/investors/board-of-directors/nicholas-lee/
https://www.bloomberg.com/profile/person/3624419
1yr operational progress:
·Chinese Hydrofinity (commercial laundry) licence signed
·Three additional sites operational in Marken (high performance workwear)
·10 year contract signed with Mexican tannery
·Heads of terms signed with two large scale tanneries
·Agreement signed with Eastern Laundry Systems to service commercial laundry customers in nine US states
·Joint development agreement signed with Chinese domestic washing machine manufacturer
·Raised £15m in deeply discounted share placing at 10p (61% to SP at the time) to provide additional capital for commercialisation strategy
Directors both bought £50k each at 10p in placing
23rd Jan 19 - A positive announcement from Xeros this morning, confirming that it has signed a Joint Development Agreement (JDA) with Wuxi Little Swan Company, a subsidiary of Midea Group, one of the worlds largest manufacturers of domestic washing machines.
HIGHLIGHTS
– This is a non-exclusive JDA to develop and design a prototype including Xeros' technologies - if successful this will enable future commercial discussions to take place
– In 2017, Wuxi sold 12.4m washing machines in China giving it a 28% share of the retail market - it also exported 3.9m washing machines
– Some basic assumptions to highlight the opportunity
– Assuming technology assessments proceed successfully and Wuxi / Xeros agree a royalty payment model – Assuming a $25 royalty per machine, if just 10% of existing sales convert to the Xeros technology, the
agreement could be worth $40m per annum with little or no associated cost – This compares to a current market cap of £15m (2/4/19)
Just look at the previous RNSs (when XSG were in the double figure SP). The tech is amazing and some worldwide patented. They have agreements all over the world and the Xfilter will be in tousands of machines coming from China very soon......(see agreement RNS)
Great stuff from Bosch media recently. Just look up Bosch Nexeed track and trace.....
Kuehne & Nagel presented this project back in May at BCW2019. Bosch now tweeting, 6 months later, suggests all is on track. Very significant to #starcom as they supply the #TDL140 which is used for the air freight tracking......
Looks like our Cornerstone Investor Mr McNulty has been adding and sounds bullish.......
Hi HH - holding lots of #STAR #STARCOM still, and bought more in the low 1.40s a couple of weeks ago. It's due an enormous rerate at some point - inexplicable that it hasn't occurred already.
Last time I spoke to mgmt., I was told cash fine till Q1 at least.