Xps Pensions Share Discussion Threads

[34simon] 29/10/2012 10:21

Possibly but 750k buy and more buys at mid price seem to be taking up the slack.

[ashtree2] 29/10/2012 09:56

seems to be awash with shares so without news I would think this will drop a bit further

[34simon] 29/10/2012 09:08

1.35p offer online, seems quite cheap considering it was much higher a week ago.

[stegrego] 25/10/2012 21:08

I see EE, orange and tmobile, are saying that pay as you go clients are in large decline. Due to smartphone take up and the fact they work out much cheaper on contract than pay as you go.

[dick grasso] 23/10/2012 15:41

There'll always be criticisms of companies fundamentals depending on people's own view. It's good to see a rounded perspective and helps those bulls to draw a balanced view. At present it's going up so its a good company, if tomorrow it falls it becomes a bad company, I'm simply interested in momentum but appreciate the input.

[saucepan] 23/10/2012 13:02

There has been some recent critical analysis of XPS on the "ZULU" thread, should anyone be interested.

[paulypilot] 23/10/2012 00:19

My Chromebook turned up today from EXpansys, all good, nice product, well packed, etc. Good service, as it should be.

PP.

[saucepan] 22/10/2012 09:51

Certainly a sudden "sea change" on the interest front and in share price momentum. Long may it continue.

[tech] 22/10/2012 09:46

Moving up nicely

[saucepan] 20/10/2012 04:30

Thanks, Paul. That is very helpful.

In a way, the Company can be seen as three businesses (the retail websites; SIM Distribution and PJMedia). In its own words:

The Group comprises EXPANSYS.com, a global online consumer electronics retailer operating directly in 51 countries (and indirectly in over 200 countries) with a unique global footprint, infrastructure and experience in consumer technology eCommerce, PJMedia, who build and operate multi-channel services and solutions for mobile networks worldwide and DSNS, the UK's market leading SIM card distributor and now establishing as a national SIM distributor in USA.

As to PJMedia:

PJMedia is leading the way in innovative eCommerce and mobile solutions for the telecommunications sector to help improve efficiencies, reduce costs and drive new revenue streams for mobile networks and MVNOs (Mobile Virtual Network Operators).

PJ Media has just won a contract "to provide compulsory top-up services to UK Pre-Pay customers of Everything Everywhere (Orange), the largest UK network by customer numbers."

And when you think that Expansys is "excited by the opportunity to support more mobile networks globally" that is rather exciting from a private investor perspective too!

[paulypilot] 20/10/2012 02:53

Hi Saucepan,

To answer your question,

1. Intangibles are irrelevant - just write 'em off & see what the Bal Sheet looks like afterwards. In this case, it looks fine after all intangibles written off, in fact there is a nice cash pile of about a third of the mkt cap, which doesn't look like a seasonal peak to me.

2. No divi - I agree, would be nice to see a divi introduced, but all in good time. Growth companies should grow first, and pay divis later.

3. Reported & adjusted profit - the info is in the last set of results, so just a question of DYOR. I didn't see anything untoward.

Personally, what I like about eXpansys, apart from the good bal sheet & low valuation, is that it's ads are all over the internet, and I was able to order a Google Chromebook at a great price, and their delivery system so far is excellent - sending me emails with a direct link to click to the status of the delivery with Parcelforce. Also had a msg on my phone from a person, explaining that they had to split my delivery into 2, which was a nice touch.

Always going to be a low margin business, but it looks a decent business for just 16m mkt cap. Operating in 50 countries too, if my memory serves me correctly.

Regards, Paul.

[fugwit] 19/10/2012 22:02

Thats kind of you David, I might just start getting familiar with the game.

[saucepan] 19/10/2012 16:06

I am a "bull", but would still be grateful if the accountants out there would respond to the following observations:

jbarker5555 15 Oct'12 - 22:57 - 386 of 414

Hi Saucepan, does the large difference between reported and adjusted profit not concern you?
Nice cash pile, shame there`s no divi.
What`s with the intangibles, £50M in a £14M MC company, is this normal?

All IMO, hope this keeps going up for you :)

[mister md] 19/10/2012 16:00

debt-free and sitting on 5m cash and low p/e
Surprised this has taken so long to re-rate

[saucepan] 19/10/2012 15:47

It is reassuring to see you here, too, fugwit (and davidosh)!

I have followed XPS closely for over a year now and there has definitely been a step change of some kind over the last two or three days - and not least the arrival on the thread of shrewd investors.

The chart reversal is looking very convincing now.

Edit: davidosh, could Expansys be a candidate for a mello event?

Was anyone here able to attend the recent AGM?

[davidosh] 19/10/2012 15:25

Buchanans at 107 Cheapside....i will do a post over the weekend on TMF and send you an email. You are welcome to watch and learn at one of our poker evenings btw

[fugwit] 19/10/2012 15:00

No to poker, it is on the list of things to learn but only because I like a nice cigar and have often thought the two would go well together. NWS noted, where is it likely to take place?

[davidosh] 19/10/2012 12:38

Fugwit....just out of interest do you play poker? Also please note that I have set up a meeting with NWS management for 5th November but not expecting fireworks lol. I also took a holding here this morning.

[paulypilot] 19/10/2012 12:24

No problem! :-)

PP.

[dick grasso] 19/10/2012 12:03

Pauly, bloody iPad! Sincere apologies! X

Thanks for the update

[fugwit] 19/10/2012 11:38

Hello saucepan and pp, it always pleases me to see you both turn up at something I am interested in. XPS has been putting in a persistent appearance on my zulu (ish) screen for a few months now.

Anecdotally I have a couple of chums who swear by xps for getting hold of phones in the UK some months before they become available, particularly those of Asian origin. They love the company and its service. Doesn't make a business I know but thought would throw it out there.

[saucepan] 19/10/2012 06:41

Paul

Good to see you turning up here and sniffing value. That is reassuring. I have been following XPS for a while: liking both the fundamental story and the shape of the chart. The latter looks a classic reversal to me.

Do you have any thoughts on the following interesting observation (which no one has reacted to) - always glad to hear two sides of the argument.

jbarker5555 15 Oct'12 - 22:57 - 386 of 407

Hi Saucepan, does the large difference between reported and adjusted profit not concern you?
Nice cash pile, shame there`s no divi.
What`s with the intangibles, £50M in a £14M MC company, is this normal?

[dick grasso] 18/10/2012 23:08

Paula, let us know how it goes, transaction, delivery, after sales etc etc if you dont mind, Thanks

[paulypilot] 18/10/2012 22:41

Hi,

Had a quick look at the figures for this company, and I like what I see.
Low margin business, but delivering solid profits, 40% owned by Peter Jones is a positive, and their adverts seem to be everywhere I look on the internet - so I bought a laptop & a tablet off them!

Regards, Paul.