Member Info for JMumbo

Well done Steve305, sometimes I think some of these comments are just to drop the price. This company just needs one more round of fund raising (something that should be very easy considering where they are) and the sky's the limit.

Don't sweat the small change (which is what it is at the moment), doesn't really matter if it's worth 6p or 1p if you believe it's going to be worth 1 or 2 pound in 1 to 2 years time.

Oh, an it's not 100m, it's 51 million in the Income fund.

Don't you mean Hargreaves have advised Woodford to sell his unlisted shares, which is different to shares that are listed on the AIM? He has also been advised that he could possible split up the fund.

Not sure why you think they won't be in regular conversations with their biggest investor. They both have a vested interest in each others business. Neither are obligated to make communications public though.

Link without brackets: https://www.ii.co.uk/analysis-commentary/liquidity-and-analysis-neil-woodfords-aim-holdings-ii508453

Link in last post doesn't click properly, just search for "woodford aim holdings" in google and you will find the atricle by ii.

Hi volmer, I would disagree with you on this one, if you read the article by Interative Investors (https://www.ii.co.uk/analysis-commentary/liquidity-and-analysis-neil-woodfords-aim-holdings-ii508453), he has quite a few AIM holdings, and nearly all of them have much bigger market caps, and less potential upside. So I would think that Xeros will be one of the last holdings he sells (if at all). If you take a look at the table of holding for example, he holds positions in Burford Capital (3.2 bil), Breedon (1.1 bil), Watkin Jones (531 mil), etc... so not sure why he would even consider selling xeros worth 17mil until he'd sold everything else.

Hydrofinity will be at the Clean Show in New Orleans on the 20th to the 23rd of June, so good chance to get some more exposure.

I can see an RNS on the stock exchange for change in holdings dated 24 Aug 2017, that state that Woodford Investment Management Ltd held 87 million shares. Looking at a chart for that date, the share price was about £2.35, so I can't see any sane reason why they would sell their shares that are now worth 6p. Personally, I will just hold tight and wait for those royalty payments to come in, and if I have any more spare cash perhaps add a few more to my portfolio.

As for the company, I think they have great technology and if they can get through the next 12-18 months great prospects (4 to 10+ bagger). One other thing that could happen is that they could be bought out if the major share holders had had enough of them, but have heard the CEO on proinvestor I believe that the management have belief in this company and can take them through to profitability, after all, they have been loosing money for years and should be used to it by now lol.

Hi Steve,

According to the london stock exchange RNS on the 19th December last year, they sold 50 million shares at 10p to raise 5 million. I would presume they may try that again, but the issue is the shares are now worth 6 to 8p so they would presumably need to place more shares. Personally I think the 250 million in circulation is liquid enough and probably doesn't need diluting further. So the current share price is down, but then again, they are likely to have less R&D expenses I think, and probably a few extra payments coming in. Not sure a bond would be appropriate because they are not using it for expansion and would be using it just to support the business until they have stable revenues. If it was me, I'd consider a business loan as they are within touching distance of being self sufficient.

£1m lol, the CEO is on £334,000 according to Simply Wall St., that is 3 years salary before tax. The CEO and CFO have only been there 3 years. Personally I think 50K each in a company who's lost 90% of their share value is quite enough. I work in a company who make 20mil a year and the top brass there have not invested that much, and they make a profit.

Am I missing something? Both the CEO and CFO purchase 50k worth of shares out their own pocket (though at a discount). The RNS on the 20th December:

"Following the Company's General Meeting on 19 December 2018, at which all resolutions were passed, Mark Nichols, Chief Executive Officer and Paul Denney, Chief Financial Officer, of Xeros Technology Group plc (AIM: XSG, 'the Company', 'Xeros'), have each purchased 500,000 ordinary shares of 0.15p each in the capital of the Company ("Ordinary Shares") at 10p, as part of the Company's Placing announced on 29 November 2018."

Just listened to the latest AJ Bell podcast where they talk about Woodford, they recon it only relates to the Woodford Equity Income fund which may be affected. If that's the case, then it will be up to 49 million shares that may be kept/sold depending on what Neil moves.

According to MorningStar (Ownership tab), there are 49 million shares held in the LF Woodford Equity Income fund, and 34 million in the Woodford Patient Capital Trust fund (rounded up). Is Woodford not just selling the ones in the Income fund? even so, even if he tried to sell 83 million shares who would he sell them to? The average volume for this thing is less than 1 million a day (half that for buyers). On that scenario it would take half a year selling the max amount every day. So I don't think he will be able to sell to the retail investor, after a couple of weeks he'd probably be selling for a penny each. So the only way he could probably sell these is outside the typical exchange. Who would have key interest in buying this much equity? Maybe a company not wanting to pay royalties in their washing machines for the next x amount of years. Anyway, that is my personal opinion, and I would be happy to hear how someone else thinks he may shift them. Shame fund investor and managers expect yearly performance.

First oil, good luck.

Quick question, who is JW?

They have lost money for the last 5 years, so last years results and their cash flow in not unexpected. The main thing is that they are moving into the commercial stage and getting those contracts signed which is what they seem to be doing. I suspect another round of cash raising should be easy enough at this stage. Also worth noting their big investors are still keeping put, if they they ever move, then I'd start to worry. For now I will just sit tight and expect that growth will happen before the end of the year.

Yes, plus also worth pointing out, the CEO/CFO bought £50,000 worth's of shares each in December, and Woodford Investment Management topped up another 4 million shares in April (morning star). So retail investors may be loosing confidence in the price, but those in the know are adding more. Looks good and I keep topping up when I can.