Xeros Technology Share Discussion Threads

[melf] 02/6/2015 11:31

Yes Bamboo, I guess that management are keeping their options open but I wonder if this points to the company initially going down the production route rather than licencing the technology to other manufacturers???

[bamboo2] 02/6/2015 11:13

Melf, Thanks. Probably not there just for the opening of the new factory. ;-)

[melf] 02/6/2015 09:15

Xeros Technology Group plc

02 June 2015

2 June 2015

Xeros Technology Group plc

Xeros Chairman Guest-of-Honour at Opening of Manufacturing Partner's State-of-the-Art New Facility

John Samuel, chairman of Xeros Technology Group plc ('Xeros' or the 'Group'), the innovative developer of a patented polymer bead cleaning system with multiple identified commercial applications, delivered the guest key note speech to support the opening of the Group's manufacturing partner's state-of-the-art new facility in Jiangsu Province, China, on 28 May 2015. The event reaffirmed the commitment of the Group's partner Jiangsu Sea-lion Machinery Group ('Sea-lion') to helping Xeros expand its global footprint in Commercial Laundry.

Sea-lion is China's foremost manufacturer of commercial laundry equipment and makes the machines for Xeros' superior performance and cost effective bead cleaning system. The new 300,000 sq ft facility, in Zhangjiagang City, boasts state-of-the-art equipment and manufacturing processes which will manufacture the machines to support Xeros' growing commercial laundry footprint in the US.

Xeros' Chairman John Samuel, and Global Head of Commercial Laundry, Jonathan Benjamin, were VIP guests at the opening ceremony, marking the close partnership between the two companies. The occasion was attended by Chen Youqi, the Founder and Honorary Chairman of Sea-lion; Chairman Chen Hong; Huang Xueyuan, Vice Mayor of Zhangjiagang City and more than 400 guests.

John Samuel, Chairman of Xeros, commented:

"We were delighted to support this landmark event at Sea-lion. It reflects the ever deepening commitment from a key supply chain partner to respond to the increasing demand from our customers in US Commercial Laundry. This increased production capability is particularly timely given our recently announced national network of Forward Channel Partners we have established across the US.

"We look forward to continuing to work with Sea-lion, and with our Forward Channel Partners in the US itself, to install more machines both in the US and beyond."

[bamboo2] 01/6/2015 20:14

Have abandoned pennant target and now seeing this as a symmetrical triangle with a b/o possible this week.

[bamboo2] 30/5/2015 18:38

sheryl, thanks for the info.

Looking into the averages for throwbacks, the next few days will give us an idea of direction, and likely target. Bulkowski is suggesting 65% chance of upwards. The target is adjacent to the recent ath.



As I explained previously, I am still a relative newcomer to charts, and have been looking at the chart with a number of different patterns in mind which has inevitably led to a little confusion. So apologies if at times the charts are less than clear.

The other chart pattern that seems to be occuring simultaneously is a big symmetrical triangle. This is also on the point of average b/o, early next week, prob Tuesday is the 75% point.

[bamboo2] 28/5/2015 19:35

Hi sheryl, thanks for that. I guess it was a buy then?
As a matter of interest, how did you find out which day it was from?

[sherylchan] 28/5/2015 19:04

Bamboo, that trade was from yday

[bamboo2] 28/5/2015 17:49

Having looked at the trades today I am quite mystified at why the buy quotes I am getting are so high. The lowest was 319.6

any one any ideas?

Edit, just seen a late reported trade for 25,000 at 330
Not sure when that transaction took place, so unable to comment on buy/sell status.

[bamboo2] 27/5/2015 12:23

If it is a pennant pattern, today is retrace day. Since we had the b/o two days early, I'm guessing that the retrace started two days ago and that we are seeing the low of the retrace today. The percentages I'm using are just averages after all.

I had hoped I might do another top up in the 315 area, but so far price seems to getting away. Will have to sit on my hands and be patient.

Pennant Target currently still in sight, Symm. triangle as back-up.

Edit, 28/05, still unable to get a quote below 325, despite them mucking about with the spread.
Second edit, 28/05 Still waiting...

The target on the chart for the throwback is shown as thick green line. Ideally it will go no lower than this, or the ultimate price objective can be negatively affected. Bulkowski suggests that the average time for the throwback to complete is ten days from the b/o.

[bamboo2] 26/5/2015 06:57

I think it's the new pricing policy at xeros that will help to drive the share price over the comming months. This offers the customer the option of owning the machine outright, which means the co is unlikely [as previously feared ]to need to come back to the market for further capital to fund the manufacture of additional hardware. I guess this change is also behind the large number of resellers that were recently signed up.

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In case it turns out this is a symmetrical triangle rather than a pennant, I created a plan B chart showing the potential unconfirmed target at approx. 403.

[jpuff] 24/5/2015 18:22

California drought article. A real serious situation...

[bamboo2] 22/5/2015 15:53

Hi hazl, not worried!

1, While I am sure this has further to go, it doesn't have to be in a straight line
2, I'm building up quite a few of these for the long term, although trading ops will be taken.

[hazl] 22/5/2015 10:30

A bit of a drop.Sorry to say it had that look about it this morning,bamboo.Perhaps its the long weekend making a difference?
Anyway next week things may be clearer.
Its an interesting company.

imo

[bamboo2] 21/5/2015 19:19

The 85% milestone has been reached, which is the average point at which a pennant b/o occurs. [note; we have already b/o] Onwards for the next few days, until the potential turn at the triangle apex mid-week next. Figs in orange represent the maximum possible positive outcome from this pattern.

[bamboo2] 20/5/2015 21:31

Thanks for the nice comments. Let's see how this fares over the next two sessions. That will be the real proof of the pudding.

Dunc8, I learnt about chart patterns through Bulkowski's books and website, but have also picked up good help from many of the contributors here on advfn, such as simon gordon, Fingersxxd, Ptolemy et al.

It has taken a few years of practice for me to have enough confidence in my interpretation to start posting. I still see myself as a beginner.

Bulkowski's page about pennants is here,



gla

[jpuff] 20/5/2015 18:35

Yes great call Bamboo, but my approach was to bear a bit of short term pain with my two largest holdings Xeros and Tiziana as I knew they would come good at some point (both today) and that those naughty MM's would try to restrict shares available to buy back at the key point - as you found. Still amazing stuff so please carry on posting your charts and TA. Thanks Jeff

[hazl] 20/5/2015 17:12

yes well done bamboo.... but even better sharing it with us

[dunc8] 20/5/2015 16:59

Brilliant bamboo2 -where did you learn this stuff. Was there one particularily
helpful text ? - or is it all magic ?
your in awe

[bamboo2] 20/5/2015 16:01

Essential, thanks. Shame I can't find more shares that are so cooperative.

It looks like the pattern will be confirmed by eod. Tomorrow and Friday should prove very interesting.

[essentialinvestor] 20/5/2015 15:26

You would have been burnt at the stake in the middle ages with those skills!.

Congrats, great call.

[bamboo2] 20/5/2015 15:01

Hi Melf, yes!

I'm even more pleased that I was able to pinpoint the day to sell, then the day to buy back, so accurately.

I think there must be some news on the way or something going on in the background.

Lack of liquidity is a problem. I tried to top up this morning, but could only get 1000.

[melf] 20/5/2015 14:45

You must be pleased with yesterday's purchase Bamboo????

[bamboo2] 20/5/2015 08:09

Looking for confirmation of the pennant today. Need eod close above approx 319.5 to target 386.