Member Info for JMumbo

Just on the Interim Investor Presentation, their cash burn is only 0.4 million a month now, have 6.2 million in the bank, and are expecting a million in r&d tax rebate. This takes them to Feb 2022 before revenues coming in. All looks very good. They are also talking about reducing the number of shares in circulation.

We haven't had all the broker downgrades yet. We need to see what effect that has on price, because some of them are still at incompatible valuations given the last results.

Xeros now have the London Stock Exchange Green Mark, which raises it's profile amongst investors. In fact a lot of funds and etfs are going green.

https://www.xerostech.com/news/lsegreenmark

On a current valuation point, the last two estimates were:

1) Berenberg on the 20th September @ 20p (down form 40p),
2) Finncap on the 1st November at 4p.

So presuming your averaging down (and presuming you haven't lost interest by now), then a buy at 1p could still be profitable. Personally (and do your own research), I have always known this is a long term investment, and am happy to just leave them in my SIPP for a few years.

I agree with Latino, great technology at just the right time. I already have quite a lot of shares I bought at 10p however, and would ideally average down, but am just going to leave them on the back burner for 24 months. If there net loss decreases again in the next 12-18 months I may consider buying more. For now though, just going to forget about them for a while and continue managing my other investment.

Ironically lol, if your a holder, and dollar cost average, and can wait two years, now is the perfect time to invest.
Given that there will be 3 times as many share in circulation next month, but the price is 1 fifth, then it's actually better value now if your new (or again dollar cost averaging).

Guess we are going to be in for the long run. Shares outstanding are about to go from 250mil to about 1 billion. The market panicked and sold, which I don't blame them because why hold at 5p when you can buy them back at 1p later. Just wish i'd managed to do that myself as I usually watch the RNS updates early in the morning and this was done later. I won't be selling myself at 1p (what's the point), and will now just leave them on the backburner and only check on them every few months. That CEO better buy a few more shares though grrr.

Their RNS from the 19th September looks perfectly normal, and will follow AIM rules and xeros will have their own auditors or use a 3rd party auditor. It's normal for that level of information to be in an interim report.

Good news Schroders are taking over the Woodford Patient Capital Trust (Yahoo finance)

I think I heard it was Blackrock picking up the shares to dispose of them. I think I heard it on an AJ Bell podcast.

Yeh, yesterdays sell off was just under a million shares, and probably a private seller. Woodford wouldn't be able to sell them on the open market because he holds 51 million in the Equity Income Sterling fund. So he would get nothing for them. If his firm does forced a sell, it will be to another fund manager privately or investment firm, so probably wouldn't affect the price.

There was a couple of buys yesterday. But to be honest, these low volume buy/sells are not going to make much difference at the moment. When the company is profitable, an there is more interest (we are early investors) the company will get noticed.

Looks like a good deal with Ramsons today. Probably take another 12 months before we see the company turn profit around though. Something I am prepared to wait for.

Though I will add, the RNS doesn't explicitly mention another placing, it is just expected.

Yes, looks like they are going to dilute the shares one more time. At the moment there are a quarter a billion in circulation. If they plan to raise 5 to 10 million, and we take the worst case scenario of 10 million, 10,000,000 / 0.06 then this would mean another 166 million shares. This would bring total shares outstanding to just over 400 thousand. I would have preferred they could raise funds another way, perhaps a clean energy business loan, but if that's the way they go then I think that's fine. It will be interesting to see what the analysts price target when they are now update as most of them are about 42p. Still, if the price does drop to 6p, then there could still be a nice little profit in this. I will continue to buy on the premise it will eventually reach 50p+ one day. Who knows, maybe it will be worth a pound plus once they are just sitting back and accumulating profits from royalties which is a very efficient road they are taking.

Interesting couple of days (Aug 1st and 2nd), nothing but buys and no sells for a change. NOt massive volume, but unusual lol.

Good exposure: https://indiaincgroup.com/tackling-the-global-water-crisis-is-as-urgent-as-tackling-climate-change-india-global-business/

All I know, is that it will probably drop a little more between now and Sept 25th (Interim results) and I will be topping up again in August. With an unexpected announcement between now and then though it may rise a little more. I suspect the price and good news (and maybe even a fresh re-rating) will occur between Sep and April next year, which is when it will start to get noticed.

I agree, all we need now is an improvement in revenue or cash flow in September, or a good forecast given that Xeros know the revenue stream. If that isn't brilliant, then by next summer the money should be coming in thick and fast anyway. Either way, we don't have to long to wait now.

I did initially think that, but there are some big investors (https://www.morningstar.com/stocks/xlon/xsg/quote.html see ownership tab) who have bought shares over a long period of time (way more than 10p and in the pounds), so as they now have OEM manufacturers testing their tech, and a worldwide patent, I think it is very unlikely they would accept a messily offering with a takeover. They will hold and wait till those revenues come in and those balance sheets and share prices swell.