Xaar Share Discussion Threads

[babbler] 16/7/2020 12:19

Not surprising. Half mcap is cash.

[wanttowin] 16/7/2020 12:13

well market likes the news

[bookbroker] 16/7/2020 08:31

Probably because they are investing in the 3D printing business.

[amt] 16/7/2020 08:25

Yes that's right, that's why I said it's loosing money still.

[garth] 16/7/2020 08:19

Cash lower than at finals. But still loads of it on the balance sheet.

£25.3m at finals, £23.7m now.

G.

[bookbroker] 16/7/2020 07:58

Pretty positive statement, where do you see the mention of losing money amt?

[arab3] 16/7/2020 07:42

Dolly drop, it's a con, they usually ask for a deposit for admin ,that's the sting.Ignore it and they will disappear

[volsung] 16/7/2020 07:30

‘In line with expectations’ is usually good

[amt] 16/7/2020 07:27

Still loosing money by the looks of things

[spob] 29/6/2020 10:29

Did the person on the phone have a Nigerian accent ?

Lol

[otemple3] 28/6/2020 23:02

Yeah, they definitely have an old data set. The shareholding they contacted my dad about was one of my mum's and she died 8 years ago! Be interesting to hear where it goes but such a shame such people exist.....

[dollydrop] 28/6/2020 13:34

Thank you I will see what happens, it doesn't seem to add up. I think it is some kind of lure into a trap, what is strange is they phoned me on my mobile calling me by my maiden name, which I did use for investments about 20/15 years ago. I had a different mobile no then so somewhere my records have been compromised to may the leap with names. I will post whatever the outcome is.

[ianguerin] 28/6/2020 09:59

I've had a few of these over the years for different shareholdings, where an alleged takeover is taking place. They ask you to sign an NDA & the next thing you know is they will ask for your bank details into which to pay the proceeds - unless there's an interim request to pay them some money before the proceeds can be released

[otemple3] 27/6/2020 22:47

My dad had similar for a different company. I can't work out the angle but as the company he used to own shares in had been taken private via takeover a few years ago it was clearly a con. Company called themselves sparrow capital I think from memory but when the paperwork came through it had a different name on it.

[dollydrop] 27/6/2020 22:07

Both of those were mentioned, but have not rec’d any paperwork. Provided them with email address.

[otemple3] 27/6/2020 21:53

Did they say it was related to a takeover and you need to sign an NDA?

[dollydrop] 27/6/2020 12:55

Anyone any idea why I have been contacted to sell a holding I didn't know I had in this company, call from New York, weird... Maybe a scam, I have owned in the past, don't know if I do now, cant access paperwork. Thanks

[volsung] 10/6/2020 13:21

100p by end of July

[davebowler] 07/6/2020 14:51

Peel Hunt Reiterates Hold Rating for Xaar (LON:XAR) hTTps://theenterpriseleader.com/2020/06/04/peel-hunt-reiterates-hold-rating-for-xaar-lonxar.html

[sphere25] 04/6/2020 14:02

It's not a complaint. It's an observation about market movements and investor psychology. Can't see many folk complaining in a market like this. Markets are a on a wild bullish streak, so wild it suggests a short term top can't be far away.

[spob] 03/6/2020 20:58

why are you complaining ?

[sphere25] 03/6/2020 18:12

Do you ever look at stock or market movements, scratch your head and think "Is it me or is the market completely bonkers at times?"

This stock was trading around 40p when we started to see the big downside wider market movements. Prior to that we had a very bullish market, and despite that, trading here was already troublesome. Even with the asset backing (which was well known by the market) the stock was in a firm downtrend.

Fast forward abit and it has taken a crisis of epic proportions, one that has effectively closed world economies, caused all visibility and guidance to be pulled, caused incredible uncertainty and damage on so many levels....and yet...here we are...

....with the stock now trading at 59p.

It has effectively taken a monumental deterioration of the macro and micro fundamentals to cause a re-rating of this stock higher.

Welcome to the crazy world of stock markets.

[davebowler] 02/6/2020 17:33

02 June 2020

Xaar plc

Trading update

At the Annual General Meeting ("AGM") held in Cambridge today, Andrew Herbert, Chairman of Xaar plc ("Xaar" or the "Group") will make the following statement:-

OPERATIONS

In responding to the challenges surrounding the COVID-19 pandemic, our priorities have been to safeguard the health and wellbeing of our colleagues, to maintain our business operations and to continue to serve our customers.

In March, when lockdown measures were introduced in the UK and elsewhere, we implemented safe working methods for all staff where their attendance on site was necessary, particularly in our factories, while other staff were able to work remotely. The whole team has demonstrated tremendous resilience in difficult circumstances and as a result the business has been able to operate efficiently and continue to meet its commitments to customers.

CURRENT TRADING AND OUTLOOK

Overall trading in the first four months of the new financial year has been in line with the expectation we established before the Covid-19 outbreak. Sales have been weaker in Europe and North America but stronger in Asia where economies have come out of lockdown sooner. Our short-term order book is healthy but the outlook for the second half of the year remains uncertain and it is too early to assess the impact of the pandemic on the results for the full year 2020 and into 2021.

The board will re-establish guidance on expectations as more economies emerge from lockdown and there is greater certainty surrounding economic conditions. We remain confident and focused on our medium-term strategy to return the business to profitability and growth.

BALANCE SHEET AND LIQUIDITY

The Group entered the year with a strong balance sheet and net cash and an appropriate level of funding to support its strategy. We have maintained disciplined cost control and strong cash management over the past four months and remain well positioned.

[amt] 02/6/2020 07:16

Good update, in line with pre covid forecast despite COVID which is remarkable. Strong growth in Asia vs weak in Europe. Europe is pulling out of crisis so looks like despite caution could have a good few months ahead.
The company is still valued below net asset or even winding up value probably so doesn't take into account IP or existing value of the business. Presumably they are breaking even at the moment and generating cash?
Always possibility of a takeover.

[brucie5] 01/6/2020 16:39

Yes, Cyber, re. run up to 100, I was thinking that this morning. I think we could have a go shortly!