Xaar Share Discussion Threads

[amt] 19/3/2020 05:54

I would hope they have slashed costs so about break even I would have thought assuming they are still selling to China where they are close to wining the battle against the Coronovirus. Give it another 2 weeks and I think we will hear that it had been eliminated from the country. Even now the only new cases are from travellers coming into the country.

[amt] 18/3/2020 20:17

Yes 1 quid is reasonable value.

[garth] 17/3/2020 07:14

amt,

So you are calling it at around 100p fair value?

G.

[amt] 17/3/2020 07:04

If they wound up today they could realise in excess of 60m and sell the IP for perhaps 20m and get about 4 times the current market Cap. It's really extraordinary and shows the devastating impact of the stock market crash.

[amt] 16/3/2020 14:54

Yes from memory winde up value would be about 3 times current market cap. Add in a bit of IP and bid of 1.20 would probably be accepted.

[apatel21] 16/3/2020 14:27

And 3D printing worth another £20m +Highly susceptible to a bid at the levels40 to 50 p

[amt] 16/3/2020 12:51

Apart from 27m

[zoro9791] 16/3/2020 12:27

No cash man.

[amt] 16/3/2020 12:21

Now valued at about one third of assets and well below cash. Why don't they buy their own shares back.

[garth] 16/3/2020 12:07

16 January 2020

Xaar plc

Scheduled Trading Update

Xaar plc ("Xaar"), a world leader in industrial inkjet technology, provides its scheduled trading update:

Trading in the second half of 2019 was broadly in line with the first half. As a result, the Group expects to report revenues of approximately GBP46 million for the year ended 31 December 2019.

Further to our interim results statement in September 2019, we have ceased further developmental investment in the Thin Film platform and have completed the restructuring of our Printhead Business. Costs in Thin Film are now at the minimum level to satisfy existing customer requirements and in respect of IP, to explore the possibility of monetisation of the technology.

On 4 December 2019 we were pleased to announce completion of further investment from our partner Stratasys in Xaar 3D. Net cash received by the Group was GBP12 million, of which GBP5.6 million is for the exclusive use of Xaar 3D. Stratasys now holds a 45% share in Xaar 3D and has an option to acquire the balance of the shares within three years.

Group cash balances (including cash held for investment in Xaar 3D) were GBP25.4 million at 31 December.

The business is consolidating its strategy around the three business areas of printhead supply, product print and 3D and the board expects to update shareholders on plans and prospects when we announce preliminary results on 24 March 2019.

[garth] 16/3/2020 10:30

Any thoughts on current cash and debt poitions?

this time last year:

Net cash at 31 December 2018 was GBP27.9 million (2017: GBP44.7 million), reflecting continued investment in our Thin Film platform and High Speed Sintering 3D printer technology, and the working capital build due to slower new product sell through.

Financial position

The Group ended the year with a net cash position of GBP27.9 million, but carried working capital that are at excessive levels. One of our key financial priorities for 2019 is to unwind working capital to levels commensurate with the size of the business.

We continue to keep our capital expenditure at low levels with the majority of our spend being capitalised development costs associated with our 3D Printing business. We saw a reduction in our property, plant and equipment expenditure in the year of GBP2.5 million (45%) and a reduction in our capitalised development expenditure in the year of GBP4.6 million (71%).

Operating cash outflow, before movements in working capital, was GBP8.7 million (2017: inflow of GBP25.2 million). The change in working capital during the year represented a net cash outflow of GBP0.7 million. Receivables decreased GBP9.4 million and inventory increased by GBP12.8 million reflecting delays in revenues from our Xaar 1201 printhead. This working capital impact was however offset by a significant reduction in capital expenditure for the Group. Total cash outflow relating to intangible and tangible assets was GBP4.5 million in the year (2017: GBP12.0 million), including GBP1.9 million (2017: GBP6.5 million) of capitalised development expenditure. Dividends accounted for GBP6.0 million (2017: GBP7.7 million) of all cash outflows.

[davebowler] 13/3/2020 13:29

Axa exit XAR.
Not an anagram.

...partly.

[davebowler] 12/3/2020 14:05

A rare share is this one today -showing a slight profit overnight!

[bookbroker] 10/3/2020 15:13

Agree, but current chief was there before, new FD ex.Ibstock, post results they had better have a decent use for that cash buffer as opposed to soldiering on fruitlessly. Cash is king in this environment!

[meijiman] 10/3/2020 14:50

Yes but the company wreckers left or got booted, so the new chaps may think they deserve a chance to run with the ball for a while.......

[ash82] 10/3/2020 08:40

I agree, I took position as I don't see much downside risk from here

[amt] 10/3/2020 06:37

The share price is rather silly now. Market cap 24m.Net Assets 80m and probably if the company was wound up it would produce 60m without any value attached to the IP or the 12m further investment.

[amt] 10/3/2020 06:37

The share price is rather silly now. Market cap 24m.Net Assets 80m and probably if the company was wound up it would produce 60m without any value attached to the IP.

[amt] 10/3/2020 06:37

The share price is rather silly now. Market cap 24m.Net Assets 80m and probably if the company was wound up it would produce 60m without any value attached to the IP.

[davebowler] 26/2/2020 15:27

Schroders buying more I see.

[bookbroker] 22/2/2020 16:30

Probably the obvious way is to assume this is a potential recovery stock as opposed to many hugely indebted companies that are slowly seeing their futures compromised by political and environmental concerns!

[bookbroker] 22/2/2020 16:27

Stop going on about China she-ra, this company has taken measures to streamline the business, and that includes China, margins had already been wiped out, the future lies in 3D and further advances in printheads technology. Remember China is just part of the business, appreciating that most of the profits originated from there but a year or two back, but we know that these had largely disappeared and moves have been taken to adjust for that! You seem to forget that the business is being valued at £12mln. without the cash.

[she-ra] 22/2/2020 15:18

I wonder if its going to be tipped this weekend. Otherwise I cant see why it has risen. China is going to be a big problem for Xaar. They are in a very precarious situation.