Xeros Technology Share Discussion Threads

[insideryou] 15/10/2019 17:02

Cash burn is crazy. Running out shortly without significant injection. Or strategic partner

[wheeze] 15/10/2019 16:06

12 million market cap. The intellectual property is worth more.Crazy valuation.

[insideryou] 15/10/2019 14:06

3to 4p raise at best it would appear... Great shame. Brilliant idea. Cash cow for the board and its hangars on.

[pugugly] 15/10/2019 10:41

Woodford fire sale starting - 5p offered now but a very large number of shares to be flogged by forced? seller.

Last auction 4.7p but only 70 shares - Not going to clear the overhang !!!!

[chinese_takeaway] 03/10/2019 17:30

5.5p further

[pugugly] 03/10/2019 12:22

Looks like lowest ever bid today at 5.3p - How much further to fall??

[jasfuf9ejy] 03/10/2019 08:14

They may raise equity against their patents from the bank, and may not even do a placing. Or they may do 50/50 split, or 100% shares. Either way, I see a bright future with the tech and agreements in place.

[john henry] 02/10/2019 19:46

Problems here is the longer they leave the placing the lower the price.

At present level placing 3.5-4p

Aimho

[insideryou] 02/10/2019 15:55

It's a brutal game speculating on penny stocks on aim. I feel for you, but every choice we make creates a consequence. Being respons~able, or able to respond to what shows up because of your choices is being an adult and not a victim.

[hatfullofsky] 02/10/2019 15:46

Crazy situation - they have the tech but serious oem's won't go near them - fear of damaging their own revenues. I'll wait for the placing price - agree 5p or under

[pugugly] 02/10/2019 14:43

Market bidding 5p Volume increasing - Message received - Possible placing price leaking - Gut feel 5p or less - but who knows???

Or Woody now being forced to dump - but at what price?

[ivesy72] 02/10/2019 12:08

I am so disillusioned. Sirius Minerals and Xeros - down a combined 188%. Lost nearly everything

[urals] 02/10/2019 11:55

They are going bust, Directors cannot trade much longer as clearly insolvent, unless they can convince some lunatics to underwrite a placing......very unlikely but if they do find such headcases it will be at a huge discount to market.

[insideryou] 02/10/2019 10:41

Less than 2mill left. With their cash burn and vGreedy board, this looks ominous. Another raise, bank facility or huge contract is desperately needed.

[jasfuf9ejy] 02/10/2019 07:45

But if you look at their history, they have been loss making since inception. It didn't make any difference in 2014 thru 2019 and it won't make any difference now. They have finished with the bulk and R&D, have 50 patents under their belt, and have signed big commercial agreements. Xeros are now on the path to being profitable (12 to 24 months), then it's bingo time.

[chinese_takeaway] 28/9/2019 18:41

Presumably because it's clearly trueWouldn't want to mug any stupid retail to buy this nonsense would we? Group cash of £5.2m at 31 July 20196 months to June 2019 Net cash outflow used in operations. (9,215) Average cash burn 9215 /6 = over 1.5m a month...... Apologies for UNDERESTIMATING their cash burn... So by now around 2m left..... without a placing they should be calling the administrators shortlyGoing bust pronto0p

[jasfuf9ejy] 27/9/2019 20:20

Why is Urals just coping and pasting the same thing, or guff?

[pugugly] 27/9/2019 08:26

JW - Podcaster - Just another journalist - Treat with as much caution/enthusiasm as you would do any other financial journalist-(IMO)

Does he receive any remuneration from the companies?

[urals] 27/9/2019 08:24

 Group cash of £5.2m at 31 July 20196 months to June 2019 Net cash outflow used in operations. (9,215) Average cash burn 9215 /6 = over 1.5m a month...... Apologies for UNDERESTIMATING their cash burn... So by now around 2m left..... without a placing they should be calling the administrators shortlyGoing bust pronto0p

[jasfuf9ejy] 27/9/2019 07:48

Justin Waite is still bullish on this stock. It has over 50 (that's right, I said 50) patents. And has got agreements in with the biggest OEM washing machine manufacturers in China and India. I for one will be buying more when I have the free cash. Berenberg may have adjusted their price target of 20p, but I'm sure it's going to worth a lot more than that in 3 to 5 years time.

[jasfuf9ejy] 26/9/2019 19:51

It would be very unusual for brokers to allow shorting of small cap stocks, or even most of them in AIM. But these are best played long anyway.

[pugugly] 26/9/2019 10:21

More balast thrown overboard - Tanning spun out to mangement - No figures save that

"Xeros has provided ESTR with a capped convertible loan facility in order to fund the business until the end of December 2019. The management team plan to raise further financing to fully commercialise the business"

No sign yet that Xeros has been able to get their own fund raising away - Gut feel suggests need for at least a 20-25% discount to current market - BUT do your own sums.

[urals] 25/9/2019 04:51

Oh and IG won't let me short them LOL I wonder why :)

[urals] 25/9/2019 04:49

 Group cash of £5.2m at 31 July 20196 months to June 2019 Net cash outflow used in operations. (9,215) Average cash burn 9215 /6 = over 1.5m a month...... Apologies for UNDERESTIMATING their cash burn... So by now around 2m left..... without a placing they should be calling the administrators shortlyGoing bust pronto0p

[jasfuf9ejy] 24/9/2019 19:18

They are not burning 1.2m a month, read the RNS on the 19th September.

1) "The Group had cash resources as at 30 June 2019 of £6,448,000 and remains debt free."

2) "As previously announced, the Group expects to raise further equity funding of between £5m and £10m in 2019, in order allow the business to achieve its objective of reaching cash breakeven. Furthermore, Xeros expects the cash burn rate to fall further as it completes its migration to a licensing business."