Member Info for Jungmana

Very blue on Monday imo. Whoever was taking profits seems to have finished as was only NT to buy in last 20mins yesterday.

Excellent summary by Serialinvestor;

A COMPELLING INVESTMENT...

1. A staggering £130m invested to date; BASF as a supplier and some of Asia’s largest washing machine makers either taking licences or in discussions.

2. Solid institutional investor backing: Entrepreneurs Fund General Partner Limited (28.6% holding), IP Group (14.28%), Canaccord Genuity Group (9.25% holding), and Jupiter Asset Management (2.1%). Total holding is 54.23%.

3. Encouraging BOD interest: Mark Nichols (0.72%), Dave Armfield (0.66%), and Paul Denney (0.72%). Total holding is 2.1%

4. Strong cash and debt position: Projected cash balance at 20 November 2019 of circa £7m. The company is debt free.

5. Significant cost reductions in progress: Xeros expects to have 60 personnel to execute its licensing activities by the end of 2019. This is materially down from 148 at the end of December 2018.

6. Extraordinary upside: On November 01 2019, FinnCap initiated coverage on XSG with an initial price target of 4pence per share (see link below).

7. Imminent, game-changing newsflow on the cards: On September 06 2019, Xeros agreed binding Heads of Terms with Ramsons, the largest supplier of garment finishing equipment in Asia, to develop, manufacture and sell garment XDrum finishing equipment used to produce denim jeans. The principle commercial terms have been agreed and are expected to be finalised (and announced to the market) shortly. Details of this commercial agreement, likely to involve a substantial cash sum, will be game-changing for the business.

In addition, Xeros' first tanning contract is currently in the commissioning phase with LEFARC, a supplier of leather to major brands including Timberland. Production of leather using Xeros' technologies is expected to be announced imminently. This too will be significant news for the company and will set-up a solid platform for a lucrative commercial agreement.

VERDICT

All this (XSG’s incredible tech and strong commercial progress) for a bargain-basement valuation of £3.9m (current market cap £10.9m less £7m cash)!

Compare that to the valuations of this pile of vacuous nonsense:

• Bould Opportunities – £3.5m market cap.
• Minoan – £8m market cap.
• Petrel Resources – £13m market cap
• Tern – £26m market cap.
• Fastjet – £54m market cap.

TWO WORDS: PROFOUNDLY UNDERVALUED.

Https://www.finncap.com/news-events/finncap-research-company-notes-1-november-2019

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Commenting on the Placing, Mark Nichols, CEO of Xeros, said:

"Xeros' products help reduce the increasing pressures on the world's supply of water. Testament to this are the development and license agreements we have signed in India and China, the world's two largest water users.

This funding, provided by both existing and new shareholders, will enable us to complete our full migration to becoming a high-margin royalty business delivering sustainability and cost benefits to our licensees' customers.

Having completed much of the development and protection of our products, we are now well-positioned to continue the commercialisation of our intellectual property with major OEMs across multiple large-scale markets."

Woodford have not sold. Just like the earlier tr1 regarding Jupiter, due to the placing they have been diluted hence the drop below 5%.
And this has to be reported to market.
Woodford held over 80m shares here and sold down in the summer due to their well known problems to current holding of just over 30m shares.

19 september 2019
Xeros Technology Group plc
Interim results
Xeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the developer and provider of water saving and filtration technologies with multiple commercial applications, today published its interim results for the six months ended 30 June 2019.
Highlights
-- Major commercialisation progress of platform technology:
o License contract in execution with India's largest domestic washing machine manufacturer
o Joint development agreement in progress with largest Chinese domestic washing machine manufacturer
o Commercial washing machine license contracts in execution with India's and China's largest commercial laundry equipment companies
o First XDrum commercial washing machine commissioned in Shanghai
o First endorsement of Xeros' cleaning technologies by garment manufacturer in US
o Joint development agreement in progress with world's largest apparel manufacturer
o Binding Heads of Terms signed for the development and licensing of Xeros' technology by the largest garment finishing equipment company in South Asia

Yep. Was GBP 50m in January and company has made huge strides since.
That equates to about 7p today due to recent dilution.
5p is my target here short term

Just the usual shenanigans after a big fund raise as some take profits.
Could still see 2p today and lot higher in a few weeks imo.
Volume is great as we have traded over 400m this week.

I think about 80% of shares in sticky hands. Institutions hold about 68% , directors 2% and imo many long term private investors together could be holding 10% or more here.
Free float getting tighter and imo further rise next week. Will not be surprised to see 5p before the year ends. Just too oversold today at market cap of GBP 12m and GBP 7m in cash.
Good luck all

Jupiter have NOT sold. Was just a drop in their share percentage due to the placing. They still hold 16.7m shares which is now 2.1% of total of 783m in issue

These are the top 6 largest shareholders now . Holding 66% together ;
Entrepreneurs Fund L.P 28.6%
IP Group plc 14%
Canaccord 9.3%
Walker Crips 5.3%
Woodford Patient Capital Trust 4.3%
Hansa Capital 3.2%

Been a good strong day. Let's get back to 4p (GBP 25m market cap) before Xmas.
That's where we were in market value just 5 months back.

06 September 2019

Xeros Technology Group plc

Licensing agreement with leading Asian OEM for denim finishing equipment

Xeros Technology Group plc (AIM: XSG, 'Xeros', 'the Group'), the developer and provider of water saving and filtration technologies with multiple commercial and domestic applications, has signed a binding Heads of Terms agreement ('agreement') with Ramsons Garment Finishing Equipment PVT Ltd ('Ramsons').

Under the agreement, Ramsons will develop, manufacture and sell garment finishing equipment used in the manufacture of denim jeans which incorporates Xeros' technology on an exclusive basis across South Asia and Africa.

Ramsons is the largest supplier of garment finishing equipment in South Asia. It has four production facilities and 15 service centres across six countries.

The scope of the agreement is to integrate Xeros' XOrb(TM) and XDrum(TM) products across Ramsons' range of denim processing machines which are produced at drum sizes from 500 litres to 5,000 litres.

About 1.2 billion pairs of jeans are manufactured globally every year, each consuming between 40 and 70 litres of water in the finishing stages of their production. The agreement also has potential to incorporate Xeros' XFiltra(TM) technology, which is being scaled up for use in industrial sized machines.

Xeros expects to finalise a commercial agreement with Ramsons in Q4 2019 with garment finishing equipment which incorporates Xeros' technology to be available in the market by the end of Q1 2020.

26 April 2019

Xeros Technology Group plc

Domestic and Commercial Laundry agreement secured with leading Indian OEM

Xeros Technology Group plc (AIM: XSG, 'Xeros', 'the Group'), the developer and provider of water saving technologies with multiple commercial applications, has today signed an exclusive agreement to develop and license the Group's domestic and commercial washing machine technologies to IFB Industries Limited ('IFB'). IFB is the leading domestic appliance and commercial laundry equipment supplier in South Asia and is listed on the National Stock Exchange of India.

The Development and Licensing Agreement has a 10 year duration and covers the incorporation and commercialisation of Xeros' water saving XOrb(TM) and XDrum(TM) technologies into selected ranges of IFB's domestic and commercial sized washing machines.

Xeros will receive immediately a one-off exclusivity fee and during the development phase further payments when various milestones are reached. IFB will have access to Xeros' technology and has been granted rights to the Indian market on an exclusive basis and for other South Asian territories on a non-exclusive basis. The contract has the provision to add additional territories on a non-exclusive basis.

Xeros will also receive royalties based upon sales revenues after the machines have completed development.

Sales of commercial washing machines and domestic washing machines incorporating Xeros' technologies are planned to commence in India in 2020 and 2021 respectively.

Volume is key and speaks a lot. We have traded about 10% of total shares in issue already today.
Could be 20%+ by end of day

January 2019 we were about GBP 50m market cap ( 257 shares ×20p).
Can we end the year back at about same value ( will equate to about 7p as now 783m shares in issue).
Yes we can. After all achieved a lot in last 10 months with deals signed and costs reduced to about 600k a month.
Now fully funded till end of 2020.
Good institutions on board

In August the company had 257m shares in issue at 10p. That's about GBP 26m market cap.
Today is 783 m shares in issue and that equates to about 4p for same market cap.
Company in far better position than in August as expense drastically reduced to 600k a month and cash in hand over GBP 7m.
So first target 4p. Finncap also have a 4p initial target.
But imo could surpass that . We may see 7p here by Xmas.

Xsg started the year at market cap of about GBP 50m( 257m shares at about 20p).
Could possibly end the year about same value. That would be about 7p with 783m shares in issue now.
Just too undervalued and that's reason institutions loaded up cheaply at 1p.

Imo short term 4 to 5p. Is too undervalued

thats some serious holding that fund have taken here and shows their faith in the business. increase from 7% to over 28% holding

As said earlier market cap was about GBP 25m just 6 months back. Today is at GBP 8m (783m shares at 1p) nearly covered by cash in hand. Company more advanced and in a far better financial position with cash sufficient for 12 months ahead. Lots of deals signed over last one year in China, India and USA.
4p first target imo.