Xaar Share Discussion Threads

[bookbroker] 20/11/2019 12:07

Because it has an ongoing business called 3D printing, and the existing printhead division, take your head out the sand and start to think! As for She-Ra, he still has not read the previous statements over the last two to three years, the Chinese part has most likely been evaluated where the current level sits minus cash and the down payment from Stratsys, which is practically zero. Taking out the considerable levels of R&D. that was accounted for in Thin Film at the half-year this company is still generating meaningful revenues in the remaining businesses, and quite possibly a positive return! There is still plenty of value in this company, hence the realisation without the exorbitant levels of spending that have ceased in Thin Film, you still have a business to work with!

[davidlloyd] 20/11/2019 11:49

Yes - but with this one as low (in all senses) as it is, the question remains who is buying and why?

DL

[slicethepie] 20/11/2019 11:40

For most of the longer term inst holders this has become a meaningless holding ie at 500p it might have been 0.5% of a fund at 50p it is a rounding error 0.05%. Easiest decision is to sell and move on.

[she-ra] 20/11/2019 11:30

Must also be a reason for institution selling.

Profit warning? China must be really affecting them along with the global slowdown.

[bookbroker] 20/11/2019 10:38

They believe in the future!

[silverlandfinance] 20/11/2019 10:03

Xaar has 78.22 million shares in issue.
Out of those,over 77 million shares are owned by the institutions so the free float is less than a million shares.
Some institutions have been adding recently.
There must be a reason for this!

[bookbroker] 19/11/2019 18:23

Doubt it, apart from a hopefully better outlook, maybe not necessarily trading, but the reduction in R&D. following the cessation of Thin Film, and just maybe a more optomistic outlook with their core business! Not much point in selling at these levels, they do have a fair deal of intellectual property as regards the progress made in thin film, and the healthy balance sheet! Hold out for better times!

[silverlandfinance] 19/11/2019 17:21

I note that Axa have reduced their holding in the company from 13.02% to 11.94%. Their shares must have been taken up by Abforth.
The Xaar Shareholder' Register reads like a who's who of institutions.
There must be about 35 institutions. The top 5 are Axa 9.34m, Abforth 8.04m,T. Rowe Price 6.44m,M&G 5m,Schorders 4.77m and 11 other institutions with shareholdings well over 2million each.
They must be waiting for something to happen.

[bookbroker] 18/11/2019 21:46

Moderate language I’d call it, the value here is the cash, the 3D printing which already realised, and the core business of printheads, this company is a value play, as to what is anyone’s guess, but higher than is visible at the current time.

[she-ra] 18/11/2019 21:15

At MFI's peak it was worth of £1 billion. Shares became worthless. At its peak Woolworths was also worth over £1 billion. Shares became worthless. Marconi another such example.

Bookbroker there's no need for the foul language. When you were deramping Kin and Carta (formerly St Ives) I don't remember people beeing aggressive with you. Perhaps you should have invested in them and sold Xaar when I advised, instead watching your investment collapse due to Xaar's failure with Thin Film and the erosion in value of the ceramics business.

Xaar is loss making. It would be even lower than it is now had it been ramped so much by the city.

But you never know it might get ramped by the city again. But that's the only reason I can see for holding Xaar now.

[bookbroker] 18/11/2019 19:38

City's love affair with Xaar endures after 200% rally
By Chris Marshall 06 Nov, 2013
City's love affair with Xaar endures after 200% rally
Xaar, the producer of inkjet printing heads that has enjoyed a 200% share price rise over the past year, is still a strong ‘buy’ say City analysts, while fund managers have been adding to their already large holdings in the Cambridge-based company.

Xaar (XAR.L), a recent entrant in the FTSE 250, is an ‘innovative217; and ‘disruptive217; company which is producing technologies that are being used to ‘reshape manufacturing processes’, wrote Ciytwire AA-rated fund manager Nigel Thomas (pictured) in his widely-read Thomas Report.

It is the dominant supplier in a ceramics market that is increasingly embracing digital printing, and has been growing sales in the packaging market in particular.

Thomas owns nearly 10% of Xaar in his AXA Framlington UK Select Opportunities Fund, which is a 'star pick' in our Citywire Selection list of fund recommendations. He has held the shares for over ten years and recently topped up his holding. He says Xaar counts among a growing band of companies that are paying more attention to long-term shareholder returns.

[bookbroker] 18/11/2019 19:37

hxxps://citywire.co.uk/investment-trust-insider/news/citys-love-affair-with-xaar-endures-after-200-rally/a714715

[slicethepie] 18/11/2019 18:35

At its peak xaar mkt cap was over £850m now £37m

[she-ra] 18/11/2019 18:06

No it wasn't.

[she-ra] 18/11/2019 16:25

They must be sure another profits warning is on its way.

[slicethepie] 18/11/2019 16:15

Agree, they first bought 5% in April this year at circa 80p. I suspect the instis that are selling bought this much higher up and are keen to get this now small holding out of their fund.

[silverlandfinance] 18/11/2019 16:04

It is reassuring that Abforth increased their stake in the company from 5.46% to 10.28%.
Off course there must have been another institution selling an equal number of shares.
But, Abforth must have done their homework in adding to their holding, while the vendor may have other reasons for selling such as crystallising a loss or for liquidity reasons.

[bookbroker] 18/11/2019 10:14

On the move!

[hatfullofsky] 15/11/2019 19:16

Followed by 1.8m at 47p 16:04

Some serious volume, I added a few more today

Board now expects sales in the second half of the year to be similar to those in the first half

Revenue in the first half of the year was £22.5 million, a decline of £12.8 million compared to the first half of 2018. However, when adjusted for the Thin Film Xaar 1201 revenue reversal of £4.3 million in 2019 and the one-time royalty payment of £9.7 million from Seiko Instruments Inc. (SII) in 2018, revenue was up £1.3 million or 5%.

HY underlying loss of £7.6 million
HY Net cash at 30 June 2019 was £21.6 million + $10M from Stratasys

The transaction is due to close by Year End and has to be approved by Shareholders.

Why pay when you can buy the company

[silverlandfinance] 15/11/2019 11:15

1,703,590 just transacted. It is not clear whether this is a buy or a sell.

[silverlandfinance] 27/10/2019 11:20

The gloom regarding this company seems to be overdone. It still has £18m in cash and it has a partnership with a major US company in respect of 3D where it might be bought out of $33m
For those who might know the company's activities, the turnover for the six months ended 30th June 2019 was £35,329 million, of which the pinhead segment was £15,981m
Can anyone estimate how much revenue is likely to remain after the cessation of the thin film segment?
This information may give us a clue as to how the company is likely to perform and whether now is an opportunity to buy them cheaply. Many institutions seem to think so.

[she-ra] 25/10/2019 18:50

2 biggish trades near the end of trading. Weekend pumping maybe?

[bookbroker] 11/10/2019 09:12

Never be afraid to reverse, this companies enterprise value is unbelievably low, suggests an imbalance, the risk/reward ratio here very low now, no harm in having another interest!

[zoro9791] 11/10/2019 09:10

Agree sold out early 46p never mind