Xeros Technology Share Discussion Threads

[hazl] 14/1/2016 09:26

it does look specific rather than just the market unfortunately....

IMO

[tdog1975] 13/1/2016 13:56

Me too, few hundred at this price looks lovely

[sweyn] 13/1/2016 12:45

I've bought at that price. Nothing big, but I think good value.

[melf] 13/1/2016 12:14

last time somthing like this happened we got the Jeffries revision a few hours later. Let's see - it may just be a shake.

[hazl] 13/1/2016 11:43

Makes you wonder

[tdog1975] 13/1/2016 11:09

Any ideas why the drop

[hazl] 11/1/2016 10:33

I'm sure it makes sense to them

[richj5000] 11/1/2016 08:07

Very strange RNS.

[sherylchan] 02/12/2015 06:47

At recent placing to raise £40m at 225p
Invesco picked up 26.8 % and Woodford 53.51% of the placing

Quite a substantial stake holding increase by Woodford

[hazl] 20/11/2015 16:07

Woodford hasn't been tempted to sell any as far as I know.

For the reasons above I have just a token holding these days....but I wouldn't want to be out of them altogether,the potential still seems immense if it takes off.

IMO

[my retirement fund] 20/11/2015 10:15

Actually just noted with proposed placing should push the PE above 400

trying to remember the last time I saw that, erm pass.

[my retirement fund] 20/11/2015 10:13

Revenue of 500K, market cap of 150M,

PE ratio 300, I see they have already been back to the troff a few times since I last looked here.

[hazl] 12/11/2015 14:15

yes LE4R You may well be right.

[le4r] 12/11/2015 09:38

Indeed hazl. Presumably only reason iis will be participating is to build a meaningful position in short order, given where the price is right now.

[hazl] 12/11/2015 09:22

In fairness to Jefferies this is what they were trying to tell us when the price was 350 I guess.
Still think this company has a lot going for it.
Will be interesting to see how they get on with their fund-raising.

IMO

[bamboo2] 12/11/2015 08:57

GI, do you need access to the detail? It is a long document. Should be on co. website.

[le4r] 12/11/2015 08:41

TIDMXSG

RNS Number : 4595F

Xeros Technology Group plc

12 November 2015

12 November 2015

Xeros Technology Group plc

Rapidly gaining traction in Commercial Laundry and proposed GBP40m Placing

Xeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the innovative developer of patented polymer bead systems with multiple identified commercial applications, today published results for the year ended 31 July 2015.

The Group also intends to raise approximately GBP40 million via a placing of new Ordinary Shares at a price of 225p per with both new and existing institutional investors - see separate announcement.

Highlights

-- Significant progress made in Commercial Laundry:
-- Increasing US market take-up - 46% of machine sales repeat or affiliated buyers

-- Seven out of 10 largest US hotel chains now customers

o Team of seasoned industry professionals recruited and forward channel partner network established

o At end of September 2015:
-- 103 machines US customer installations - further 39 committed to be installed

-- 20 machines installed in Europe - further commitments to install of 15

-- Leather Processing - accelerating progress towards scale validation
o Phase 2 covering full scale trials started mid-October 2015, due for completion by the end of H1 2016

-- Domestic Laundry - market potential greatly in excess of commercial laundry
o Significant activities planned to develop the opportunity
-- Earned income up 52% to GBP480,000 (2014: GBP315,000)
-- As at 31 July 2015, contracted future revenues of GBP1.6m (2014: GBP0.8m)
Proposed Placing to raise approximately GBP40 million

Funds raised will enable the Group to maintain the momentum seen since IPO over approximately the next two and a half years as it seeks:

-- to accelerate its roll out strategy of the Commercial Laundry business in the Americas and Europe

-- to continue its development of technologies for the domestic laundry and leather processing markets and

-- to increase the scope and scale of its polymer science and engineering platforms in order to capitalise on additional opportunities to apply its polymer bead innovations.

Circular to be sent to Shareholders today, appending a Notice of General Meeting

John Samuel, Chairman of Xeros, said:

"I am very pleased with the progress we have made in the year to 31 July 2015 and believe that we are well placed to capitalise upon that progress in the current year. We have made significant advances in our disruptive technology platform and are increasingly confident of its potential in a number of industries. We plan to continue to invest in the development of the commercial laundry business and also to accelerate the development of other applications of this technology."

Mark Nichols, Chief Executive Officer of Xeros, said:

"In the short term, we are focusing on driving our commercial laundry business to meet the growing demand, particularly in the US, for our energy and water efficient solutions with superior cleaning performance. This is providing us with increasing forward visibility on revenues. As at 31 July 2015, contracted future revenues amount to GBP1.6m up from GBP0.8m.

"In the medium term, we plan to capitalise on the excellent progress we continue to make with our application in leather processing. We are also developing the opportunity in the global domestic laundry market.

"In the longer term, we have the opportunity to commercialise a number of further applications in parallel.

"The fundraising announced today will support the execution of our strategies over these horizons. We look forward to the future with confidence."

For further information, please contact:

[greek islander] 12/11/2015 08:35

Can someone please copy in the recent relevent RNS for those of us who have no access to them

[ukinvestor220] 12/11/2015 07:30

price of 225p per share to raise approximately £40 million
Participation in the Placing has been limited to both new and existing institutional investors.

Members of the general public have not been eligible to take part in the Placing.

[samenic] 11/11/2015 16:17

Be interesting if they can raise funds at 225 now!!

[toyin] 11/11/2015 15:01

And there is your answer!

[bamboo2] 11/11/2015 14:14

I still maintain that the chart pattern is a H&S with a target of approx 170

[dlku] 11/11/2015 14:09

freakin goin pear shaped