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As of 21st December 2018, Xeros has 257,039,151 AIM securities in issue. Percentage of AIM Securities not in public hands : 65.74%. Xeros’ AIM securities are not traded or listed on any other stock exchange market. There are no restrictions on the transfer of the Company's shares.
Significant Shareholders
Name Percentage of the issued share capital
Woodford Investment Management Ltd 39.7%
IP Group plc* 18.1%
Invesco Asset Management Ltd 8.3%
Entrepreneurs Fund L.P 7.5%
Baillie Gifford & Co 5.9%
Oceanwood Capital Management 4.7%
Cannacord Nominees Ltd 3.9%
* Held through IP2IPO Limited, IP Assist Services Limited (formerly Techtran Group Limited), IP Venture Fund and Parkwalk Advisors Funds
#XSG Xeros Technologies Ltd
making great headway, in direct contrast to its share price is Xeros, the water technology business.
developed a cleaning system which uses a fraction of the water used in current industrial cleaning applications. Main target markets include commercial laundry, tanning, high performance workwear and domestic laundry.
SP 8.55p 29/3/19
Current market cap: £15.4m @ 1/4/19
257m shares
1yr share price return: -91% (largely discounted placing 61% Dec 2018 and Invesco selling?)
21/12/18 only 35% free float
Woodford own 40% directly and IP Group 6% (Woodford have large stake in)
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
"These additional funds will allow us to continue to execute on our IP rich, asset light strategy to commercialise our technologies, which address the key global environmental issues of water scarcity and pollution.
The commercial benefits and sustainability improvements that our technologies deliver have been validated by a number of recent contracts. These clearly demonstrate that our platform technology is capable of broad deployment in scale industries.Our focus is on increasing the commercialisation of our technology in each of our markets working with channel partners and manufacturers whose businesses and customers are facing ever increasing pressure on their water use."
Mark Nichols, Chief Executive of Xeros
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)
https://www.ft.com/content/3289a462-547b-11e9-91f9-b6515a54c5b1
#GMD GAME DIGITAL - thoughts
Jan19 Interim Results Revenue £493m
Net cash Op activities £41.6m
Cash & cash equivalents £95.5m
Group Adjusted EBITDA £25.8m
Growth in BELONG events &Esports
UK Retail £4.9m cost savings
Many short term H/St leases - move away from H/St. Deal Ann. with Sports Direct in Nov 18 to move to mezz floors of retail stores and also BELONG (gaming areas). 19 existed in Nov 18, more rolling out into 2019 as h/st leases expire. SP has plenty growth allowing for a temp slowing of growth short for adapting new strategy.
Sports Direct increased to 29.9% holdings 25/3/19 - Mike Ashley recently stated before an MP committee discussing the high street how companies like GAME could put e-gaming stations (BELONG) into redundant areas of big stores to attract people to shopping areas.
Take Over Bid coming...
When you think about it from Ashleys point of view it makes sense - hes already paying ground rent on SportsDirect sites so to put GAME into the Mezz floors isn't extra rent for him.......It will simply attract more people to his stores as will the BELONG gaming areas within the GAME section....there was 19 in No 18 more have already and will roll out once short term high st rents come up
talking about GAME stores going into mezz floor space of Sports Direct Stores with dedicated gaming areas (BELONG) to attract foot fall https://twitter.com/MarcDicks/status/1111258649748520960
https://twitter.com/murray_eugene/status/1105765036251844609
FCA site now showing the 18/02/19. Merian short is 0.92%
https://www.fca.org.uk/publication/data/short-positions-daily-update.xls