Xaar Share Discussion Threads

[gucci] 17/12/2014 08:55

will hopefully rise to 600 soon

[gucci] 17/12/2014 08:54

time to add

[edwardt] 17/12/2014 08:52

can I open my eyes now? it seems the ship is stabilising!

[masurenguy] 17/12/2014 08:14

A much more positive update demonstrating that the BoD are taking a realistic view of both current and future prospects, without any attempt to sugar coat them.

RNS Number : 9640Z
17 December 2014
Xaar plc

Trading update

Xaar plc ("Xaar", "the Group" or "the Company"), the digital inkjet printing technology Group headquartered in Cambridge, UK, today announces an update on current trading.

Sales into the Group's largest application, ceramic tiles, stabilised during quarter four following the step-down in Chinese demand experienced in the third quarter. The Board now expects 2014 full year Group revenue to be approximately GBP108 million, which is near the top of the range announced on 2 October 2014. As a result, profit for the year is now expected to be higher than current market expectations. Forward visibility remains low and the Board's expectations for 2015 remain unchanged. The Group continues to anticipate that total sales in 2015 will not exceed GBP100 million, reflecting a broadly consistent level of sales across all applications at the present level of demand.

The cost reductions announced on 2 October 2014 were completed during November and December, including a reduction in headcount of 160 (20% of the global workforce). Direct production costs, factory overheads and operating costs have all been reduced in order to achieve a reasonable level of financial performance in 2015, whilst ensuring that Xaar can fulfil its key strategic objectives.

The Group expects to announce 2014 financial results on or around the 19(th) March 2015.

[tongosti] 12/12/2014 09:36

Another institutional shareholder bailing out...

[joshj] 25/11/2014 23:42

Interesting couple of weeks here. A nice rise up to 290 then a sharp failure down to 260. In recent days the volume has picked up on the buy side. I'm waiting for another Schroders RNS as they hammer the price down with more sells and a reduced holding but who knows? The RSI is on 50 and the MACD is about to break into positive territory for the first time since February. A breakout is coming one way or another. I'm long

[matt123d] 18/11/2014 22:54

Watching and waiting for what!Failed at the 292p triangle with a retest of the 268p gap entry. Inside day today so tomorrow sees either a break to the upside to have another attempt at the daily triangle which now stands at 279p or its a break back below the gap entry to potentially retrace to the lower level triangle. 265.5p and 277.25p are the actionable levels.

[salpara111] 18/11/2014 12:51

Watching and waiting...the next update will be critical.

[matt123d] 10/11/2014 17:00

Taking the inside week out to the upside. Just the 292p weekly triangle to contend with now.

[gucci] 10/11/2014 16:00

looking better

[dros1] 01/11/2014 21:22

crazy, revenue next year less than £100m

[mdw1] 31/10/2014 17:02

Where to now Matt?

[matt123d] 31/10/2014 12:31

There goes the short stops. See if it can hold now. Triangle is now at 292p then 302p. A little optimistic but the gap closure is 365p.

[matt123d] 31/10/2014 11:01

All eyes on 268p!

[essential] 30/10/2014 17:15

Interesting with the high volume today. I wonder if a predator is sniffing around? Difficult to know whether to jump in and risk another lurch down

[kemche] 30/10/2014 11:49

Those are some large trades going through......

[esteban1] 30/10/2014 09:49

I guess your position depends largely on whether you were invested before the profit warnings. I simply tried to judge the moment to catch the falling knife (but missed 3 times) as I was sure it had been oversold.I had one last attempt @ 244 - working so far. ....

[essential] 29/10/2014 13:06

These have been nibbled up from the 240p levels....

[esteban1] 29/10/2014 10:13

Matt123d, what prices make the triangle? Cheers

[matt123d] 27/10/2014 14:37

Should be a few short stop orders and buy orders above the 268p gap entry, see if they can trigger for a move to the triangle.

[rivaldo] 27/10/2014 13:34

You have to give the R&D Director credit - he's now bought almost another £40,000 of shares:



NB : it took him a week to notify the company, or XAR the same to notify the market. Not good practice.

[matt123d] 24/10/2014 20:40

Close above prior week highs. 268p gap. Weekly triangle 322p.

[adamb1978] 24/10/2014 16:50

Keeping an eye on them however buying at the current level looks like a 2-3 year bet to me. EPS of 15p perhaps in 2015 means this is on a mid-teens multiple already. Personally I couldnt bring myself to buy them after all the recent profit warning until there is some proof that the worst is behind them. That probably means paying more for the shares, but hopefully means not buying before the shares drop another 30%