Xaar Share Discussion Threads

[investoree] 29/4/2021 15:45

Volsung there has been a solid wall of buying over the last few days which bodes well for those holding XAR. Just wish I had bought a lot more on the dip, still can't complain.IE

[volsung] 29/4/2021 10:46

I do like a breakout

[ny boy] 29/4/2021 10:15

HOLD as many as you can get hold of, I have 22500 so far off to the races above that big resistance line coming up, the roaring 20’s are coming!

[kfr20] 28/4/2021 17:56

Our thoughts are with Thomas, lol!

[kfr20] 28/4/2021 17:47

Reminder to self: 200p first, without getting too carried away!

[kfr20] 28/4/2021 17:46

There's a nice gap up on the long term chart between 200 and 250p..just saying.

[ny boy] 28/4/2021 16:27

Easy money here, hold for the pending breakout!

[bigbigdave] 28/4/2021 14:05

Thomas!!!!!!!

[tratante] 28/4/2021 12:27

So pleased I took TE's advice and sold out. All set to buy back at 70p or was it 90... ;-)

[meijiman] 28/4/2021 12:23

Poor Thomas is crying and sobbing

[kfr20] 28/4/2021 12:11

200p..lovely jubbly!

[volsung] 28/4/2021 11:44

Where’s Tommo??

[meijiman] 28/4/2021 10:41

It's great..200p on the cards here.

[zho] 28/4/2021 09:24

Xaar, an inkjet printing technology group, has launched Xaar Nitrox, a new printhead powered by the ImagineX platform offering greater print speeds and uniformity across a wide variety of print applications .....

[ny boy] 28/4/2021 08:32

Primed and ready after those nos to move to fresh highs this quarter

[gersemi] 27/4/2021 22:38

ST from IC

Xaar’s roadmap to profitability

Cashed up Xaar primed for profitability.
Disposal of Xaar 3D stake expected in first half of 2020.
Exciting new product launches.
Gross margins rising and operating costs cut.

I had an informative results call with the management team of Cambridge-based Xaar (XAR:147p), a leader in the development of inkjet technology and maker of piezoelectric drop-on-demand industrial inkjet printheads.

Xaar operated at cash profit break-even on slightly lower revenue of £48m in 2020, but this conceals an ongoing recovery and one that is underpinned by a reinvigorated customer centric focus and product investment in market segments in which the company has a competitive advantage. Chief executive John Mills is particularly excited by prospects for this week’s launch of Xaar Nitrox. The printhead enables printing at up to 100 metres per minute for applications using oil-based inks, such as in ceramic tile decoration, as well as handling more demanding fluids including soluble salts and frit used for printing glass.

By working directly with original equipment manufacturers (OEMs) Xaar is not only addressing their specific requirements, but is winning contracts that will underpin revenue for years to come. In the meantime, self-help measures pushed up printhead gross margin to 31 per cent in the second half of 2020, a run-rate that looks set to improve further. The board are also trimming annual operating costs, saving £0.7m by relocating Xaar’s Cambridge offices in the coming months.

There is hidden value in the balance sheet, too, as Xaar is in the process of selling its 55 per cent stake in its 3D printing business to Stratasys (SSQ:NSQ). House broker Investec is pencilling in a cash payment of £18m in the first half of 2021 which would double Xaar’s net cash to £36m (45p a share). Importantly, analysts expect that bumper cash pile to hold firm as Xaar uses internal cash flow for its investment plans.

The point is that ongoing customer wins are highly supportive of a sharp improvement in Xaar’s revenue from £51m this year to £61m in 2022 and £74m the year after, as Investec predict. Moreover, with gross margin on the rise and annual operating costs holding steady at £20m, then cash profit could hit £3.6m in 2022 and £10.9m in 2023. Deduct non-cash depreciation and amortisation costs, and Invetec’s £7.2m operating profit estimate in 2023 is a modest 10 times Xaar’s enterprise valuation (post Xaar 3D disposal).

I suggested buying Xaar’s shares, at 36.4p, in my 2020 Bargain Shares Portfolio and the re-rating has further to run to my 200p target price. Buy.

[kfr20] 27/4/2021 17:50

Price held up pretty well today. Long term hold for me.

[zho] 27/4/2021 10:58

Results presentation at

[luffness] 27/4/2021 08:31

is Tommo still predicting 70p - lol. and what was his target for SHI?

[amt] 27/4/2021 08:31

Good luck Volsung. I am going defensive anyway so leaving something on the table as they say.

[amt] 27/4/2021 08:29

Looks like Odyseen accumulating so thankyou to them also

[volsung] 27/4/2021 08:29

Gl amt. I’m holding on even with my 138% profit. These are going higher

[amt] 27/4/2021 08:27

I got 147p.
Nearly doubled my money.
A couple of years ago I had a big loss.
Thanks v much Xaar.
Gòod luck for the future.
I am out

[volsung] 27/4/2021 08:27

Reaction doesn’t seem so bad to me tommo

[thomasearnshaw] 27/4/2021 08:25

DEAD MONEY UNTIL THEY SELL THE THING FOR NOT MUCH MONEY

THEN IT WILL TANK