Xps Pensions Share Discussion Threads

[envirovision] 08/1/2014 13:58

Market not impressed

[hamidahamida] 08/1/2014 10:27

Looks like u have and market reaction to results is not what u expected but I see value in this and cash has gone up and market forecast for pretax profit is 1.5 million and they look happy with that. 1) Cash up £7 million 2) Retail turn over is up 3) Deal with T mobile 4) Asian retail business is growing5) Partner business is growing All this for just 6.5 million m/cap

[29howard] 08/1/2014 09:43

hamidahamida

Have I misread the results as you say very profitable but take away the exceptional and they still lost money ?

[hamidahamida] 08/1/2014 09:40

Underlining business is very profitable if you take out the exceptionals that's why there's a lack of reaction to this statement

[29howard] 08/1/2014 09:39

Joe Say

Why do you think I sold but if you say too much you get accused of deramping so
no win situation.

[joe say] 08/1/2014 09:35

Surprised by the lack of reaction to the exceptional item - such little worry for what seems like a horrendous loss of control/management inaction !

[hamidahamida] 08/1/2014 09:28

This has 1 p written all over it

[opaldouglas] 08/1/2014 08:54

Mixed update for me.

I'm really disappointed with another big exceptional number, thought we had got these out the way last year!

I do however think a corner is being turned. Sold out this morning but keeping a close eye on proceedings.

Good luck to all holders.

OD

[lbo] 08/1/2014 08:45

So Expansys retail has turned around and is now growing! And looks DSNS USA is going to be positive going forward taking out the exceptional and add in:"As part of this planned change our US SIM business has recently been awarded an exclusive three year contract with T-Mobile in the USA, to become their prepaid top-up solution provider to the independent wholesale channel. This migration in business model has the potential to significantly improve the quality and scale of our business in the USA, and we are working with T-Mobile to develop the opportunity"

[lbo] 08/1/2014 08:31

"Trading during the November and December periods has been in line with expectations, with continuing momentum in the retail and partner businesses"

[lbo] 08/1/2014 08:25

"Cash at the end of October 2013 was £7.2 million (H1 2012: £2.3 million), however we do not expect a significant variance to market expectations at the year end"

[hamidahamida] 08/1/2014 08:25

Apart from suffering bad debt Cash is up to £7 million

[29howard] 08/1/2014 08:13

Sold out at 0.57p, not enough in those results for me.

[hamidahamida] 08/1/2014 07:40

£7 million in cash that's more than the market cap

[29howard] 07/1/2014 10:41

Cannot see that 0.55p lasting no quote for even 100k online.

[lbo] 06/1/2014 09:23

From last December 2012 interims to FY in July 2013 they added £1m to the cash.

[opaldouglas] 05/1/2014 23:52

Why? Thats a ridiculous comment.

XPS is currently valued at £6.5M. Minus cash reserves of £3M gives an actual value for XPS operations of £3.5M. If we opt for a conservative PE of 7.5 XPS need only to pull in a profit of £466,000 to sustain the current share price.

So if XPS get anywhere close to £2M profit this is an absolute bargain!

More importantly is the outlook moving forward and confirmation the worst is behind them.

[vyke82] 05/1/2014 23:13

Well, if they miss this forecast then, we are in for a bloodbath.

[opaldouglas] 05/1/2014 13:23

vyke82 - I believe LBO kindly posted it last month if you look back through the thread.

EBITDA of £3M and pre tax profits in the region of £2M I think.

As you're probably aware XPS has over £3M cash and no debt effectively valuing the company at circa £3.5M currently.

If £2M is achievable this year (30th april 14) i'd expect to see a rerating towards 1.5p.

OD

[vyke82] 04/1/2014 23:18

Would you post the latest broker note?

[opaldouglas] 03/1/2014 16:17

vyke82,

last 2 years interims were out in dec, previous to that it was always end of Jan.

I contacted the company prior to christmas and was told Interims would be out in Jan but they wouldn't confirm what date.

Recent broker notes would suggest we're in for a pleasant surprise!

OD

[vyke82] 03/1/2014 13:15

The half yearly results were always out in mid dec. This year, we don't seem to have neither trading statement nor results and we are post Xmas and new year. Usually delays are negative news baring. I don't like it.