Xeros Technology Share Discussion Threads

[zen12] 01/11/2019 10:13

Way overdone...crazy market. Company has hugh assets and in a stable position..this is priced as though it's going under!

[tomboyb] 01/11/2019 10:11

...

0.95P

[dave4545] 01/11/2019 09:43

At least you can buy for same price now 1.02p offer

[global nomad] 01/11/2019 08:27

still in shock....

[letmepass] 01/11/2019 01:18

those people getting shares at 1p will have been selling for weeks

[anaduck] 31/10/2019 19:22

Another Woodford story and best way of dealing with overhang is discount the placing - follow your money or take the hit on dilution - same applies to private client shareholders and all credit to company - everyone on share register tomorrow morning gets right to pro rata subscription at 1p - company fully funded and no meaningful overhang - result!

[curious001] 31/10/2019 18:10

Read the Details of the Placing...
"The Placing Shares, when issued, will represent approximately 196.5 per cent. of the Company's issued share capital prior to the
Placing. The Issue Price of 1 pence per new Ordinary Share represents a discount of approximately 81 per cent. to the closing
mid‐market price of 5.17 pence per Ordinary Share on 30 October 2019, being the last trading day immediately preceding the
date of this Announcement."

[jovi1] 31/10/2019 18:04

HI

i don't own any of those but i am very sorry for all the retail investor in this, this look well of putting, first spin off to the management (right or Wrong) does not look good
then a placement at 80% discount which from tomorrow anyone will need a 400% raise, surely all the BOD should pack the bag and go

[dave4545] 31/10/2019 17:19

The day traders will be all over this tomorrow so I reckon there is still a trade in it if you can get around 1.2p that should make a profit

[hamidahamida] 31/10/2019 17:05

1 Billion shares in issues after the Placing

[jasfuf9ejy] 31/10/2019 17:02

Their new broker finncap must have set the price based on they aren't going to be self sufficient until the end of 21. This in-turn has obviously caused the selloff. After all, why hold at 5p when you can buy back at 1p? Either way, I am going to forget about these now (no point in selling at 1p), and will see where they are in 24 months time, if their business model is correct, and they do indeed have those royalties coming in, then they should be making a profit at that point.

[stevoc1964] 31/10/2019 16:22

Agreed. Totally unfair.

[woodcub] 31/10/2019 16:21

well it's been on the cards for a few weeks, so no surprise here.

[dave4545] 31/10/2019 16:21

Getting flipped for 40% profit pi's are way too generous, they think 1.4p is cheap because it was 5p earlier...

[pauliewonder] 31/10/2019 16:20

Never seen anything like this before. Sorry to all shareholders, shambles

[tomboyb] 31/10/2019 16:19

Wow -

what a placing -

I've seen worse -

[2prsimo] 31/10/2019 16:16

I think this is probably the worst placing I've ever seen - quite an incredible discount to the prevailing price - old Justin seems to be losing his touch just lately :)

[stevoc1964] 31/10/2019 16:13

Bought a few. Will check back in a few weeks time when the dust has settled.

[dave4545] 31/10/2019 16:04

I'd not even pay 1.3p for them !

[davemac3] 31/10/2019 16:02

were these really over £3 a couple of years ago?

[ssrover] 31/10/2019 15:53

1p placing

[jasfuf9ejy] 31/10/2019 08:12

Seems to be mostly buys at the moment (look it up yourself), for exactly the same reason the big boys Omnis, Invesco, Marlborough, Baillie Gifford are still invested.