Xaar Share Discussion Threads

[salpara111] 03/9/2014 12:42

I believe that today is relegation day.....back to the small caps.
I wonder how long it will be before they are again able to challenge for a place in the FTSE 350.

[purple11] 03/9/2014 09:23

'he probably has a track record way ahead of yours'


really?

I wonder who took more in the last 6/7 years.

follow his buying and see how well you do.

another housewife filtered.

[lauders] 03/9/2014 01:48

What a shame..... Someone else with a grudge against CR! He probably has a track record way ahead of yours and since he is human can't get them all right. Filtered list just got longer.

Talking of XAR.... Still a good company with products that will hopefully get it back into the investor's spotlight. Don't think we should worry about it going bust unlike some AIM companies! Dividend, although not wonderful and better than a bank, will help pass the time and if any more weakness develops it could develop into a good buy for the longterm. Just my opinion.

[windass] 02/9/2014 15:12

Good analysis on Xaar on this blog

[mdw1] 02/9/2014 09:40

Xaar is vulnerable to a bid at these levels without doubt.

[apad] 02/9/2014 09:00

Pitch Perfect Richard Beddard comment on XAR, both from a technology and financial perspective.
apad

[tintin82] 01/9/2014 21:36

Jefferies International reiterates buy on Xaar, target cut from 800p to 535p

[matt123d] 01/9/2014 21:00

May have further to go if someone's advising to average down.

[a.fewbob] 01/9/2014 20:34

XAAAAAAAAAAAAAAAAAAARRRRRRRRRRRRRRRRGGGHHHHHHHHH.................splat.

[tintin82] 01/9/2014 20:32

Investors Chronicle today - BUY

IC VIEW:

Xaar’s shares have slumped by half this year and have even slipped since our recent contrarian buy call. The company's exposure to the Chinese property market is worrying. Trading at 14 times written-down forecast earnings, however, they continue to offer recovery potential, given the company's market-leading position. Buy.

Last IC view: Buy, 526p, 10 July 2014.

[lgw500] 29/8/2014 12:17

Unfortunately, Xaar has more frequently disappointed since its IPO at 95p in 1999. I feel it did not sensibly manage expectations in 2012 which led to the over reaction in share price to £11. The price is that the shares wil remain at a discount to fair value for sometime. Disruptive technology is great but there are competitors in China with Xaar licensing. These shares will be a long term buy at 350p.

[trident5] 29/8/2014 11:19

What is a 450 gap?

[edwardt] 29/8/2014 11:11

i prefer to look at fundamentals not charts. each to his own. i can confirm i hate losing money.

[matt123d] 29/8/2014 10:58

Some people on here like losing money by the sounds of it. Still red on all time frames and looking like an inside day today. New weekly and monthly signals on Monday so the 450p gap will be the level to watch.

[werty5] 29/8/2014 10:40

True there is not much history to go on but I would argue looking at the chart that there have been a couple of places where resistance has shown up due to the fact nothing goes up or comes down in a straight line, most notably at about the £8.00 level.

[edwardt] 29/8/2014 10:23

no idea trident5 - i have just trebled the size of my holding. i now apply the very scientific approach of closing my eyes and waiting!

[trident5] 29/8/2014 10:16

"not much historical resistance between this price and £3.00"

Does that actually mean anything other than - there hasn't been many historical cases of it falling from here to £3?

[werty5] 29/8/2014 10:00

Not much sign of a bounce and not much historical resistance between this price and £3.00

[brucie5] 29/8/2014 09:34

You're a brave man, edwardt. So far, the very canny investors including CR and PS have all got this wrong trying to call the bottom. To my great cost, I have all too often forgotten the maxim that a share that falls by over 50% is likely to fall to 25%. Believe it or not, that's about the £3 level here, which is where the chart shows the greatest support, from the point where it took off exponentially in 2013. Personally, I'm going to hold off, but clearly I'm less concerned with 'fundamentals' than the risk to capital. But given what may or may not be happening to Chinese real estate, and with Xaar's competition, the 'fundamentals' may be less fundamental than one thinks. Good luck with whatever you decide.

[edwardt] 29/8/2014 09:25

suppose this is a classic case of market (and me) getting exciting on the way up and very pessimistic on the way down. Numis forecast circa 12.5 times expected 2016 numbers with cash forecast to rise to 78m. we certainly have cheaper optionality now on the next wave of innovation. direct to shape needs to 'shape up' and contribute sooner than later. i think management including mr d will ensure this happens. i am raiding the piggy bank to add. i then intend to wait at least to 2016.

the other 'good' news is that it appears that the price war has not got worse, hence competition do not appear to be cutting prices furhter....

[paleje] 29/8/2014 08:59

Tempus gave it a long term high risk buy tag this morning:-

Xaar is a decently run company with good products and a strong market position that has been overhyped by the market. It then hit a series of negatives, most of them either predictable or well signalled.
Xaar makes digital printers adopted by makers of ceramic tiles. It had an exceptionally good 2013, on the back of the boom in Chinese construction. This year and next were never going to be as good.
Ian Dinwoodie, the long-serving chief executive, leaves next year. No replacement is yet in place, though the company insists that the process is well advanced. Its 75 per cent market share has attracted Japanese competitors and hit pricing.
Attempts to find new applications for its technology, such as printing on to PET bottles, are taking time to come through, not until 2016 now. This means a couple of lean years.
The new negative, from the halfway figures, is that as the Chinese economy is slowing down, so revenues will undershoot market estimates of £140 million this year by about £20 million. Analysts were cutting their earnings estimates by about 12 per cent. The shares fell 121pp to 439p, having already halved since the start of the year. Pre-tax profits were down 28 per cent in the first half, as expected, to £16.1 million, and margins fell below 50 per cent. The dividend is raised by 0.5p to 3p, easily covered by earnings.
Xaar offers investors a difficult choice. A multiple of 13 times earnings looks cheap, but the market will remain nervous. Only those with an appetite for risk and a long term perspective.
£60.4m Revenue 3.0p Dividend
MY ADVICE High-risk buy

[amt] 29/8/2014 08:55

We know 2013 was a freak year but growth annualised at about 15% since 2012 so a strong growth story here. P/e ratio of 12 is absurd, compare Tesco over 20 which is in decline and so huge it will be difficult to grow.

[tintin82] 29/8/2014 02:32

One of the day's big fallers was inkjet specialist Xaar, down 121p or 22% to 439p after it cut its revenue forecast from the £130m it expected last month to between £115m and £125m. It blamed weaker demand from the ceramic tile sector, linked to a slowdown in construction activity in China. The company has already issued one warning in June. Analysts said the price fall could leave it vulnerable to a bid.