Xeros Technology Share Discussion Threads

[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."

[urals] 24/9/2019 08:18

They losing on average 1.2m cash every month and they have less than 4m now leftDo the maths :)Its as good as bust

[jasfuf9ejy] 23/9/2019 19:16

Please elaborate? This company has world class IP (40 patents), and the top brass bought 50k each in December.

[chinese_takeaway] 23/9/2019 09:41

In administration soon0pCash drain wholly unsustainableBusiness model hopeless

[jasfuf9ejy] 23/9/2019 08:12

There is no loss? I am holding for a few years and will check in when they are 10 times their current value. Plus, with respect to Berenberg, I think you'll find they have to keep it realistic to protect their reputation, otherwise nobody would trust them in the future. If they thought it was worth less than 20p (at this current time) then they probably would have just not updated their evaluation

[pugugly] 20/9/2019 06:06

Berenberg are the House Broker - What do you expect - They are apparently trying to get a fund raisising away - Many house brokers have to wear rose tinted glasses unless they wish to be replaced - Not saying that they are telling lies but could they be basing target on "all targets being met" and no execution glitches?

Look at Ivesy72's problems - (Sorry for your loss) but his experience with Sirius should be a warning to all to take the majority of brokers buy rating with great caution - There have been many press articles exposing their failures -

[jasfuf9ejy] 19/9/2019 20:03

Berenburg have maintained their buy rating today - 20p.

[urals] 19/9/2019 10:59

Going bust 0 pence. Any IP left of any value will just about pay the administrators fees.

[pugugly] 19/9/2019 09:10

mdalos1 - Or another interpretation - Going bust or being taken over for pea-nuts by a vulture fund -

[urals] 19/9/2019 08:09

It's an utter dog and will go to 0They need a huge placement to carry on, they are running out of cash and won't imo find anyone bonkers enough to support a placing.

[napoleon 14th] 17/9/2019 17:28

We'll know more on Thursday when they publish results....

[pugugly] 17/9/2019 12:50

Notice of attempting to raise funds on 14th August - hope to raise £10M - Cash at 31st March £10.8m Cash at end July £5.2m so 4 month burn £1.3m per month - So at same rate could run out of cash by end of December but Board expect to last longer. Target to reduce to £600K per month in Q1 2020 -

No news yet of funding - nor surprisingly any leaks as to cost of or type of funding?

Still apparently (please correct me if I am wrong) large Woodford holding - Woodford has (apparently) very little cash available to support a fund raising so wide open to a vulture attack (imo)-

Licences signed BUT NO INDICATION OF VALUE OR CASH FLOW FROM THEM.

Guesses as to share price for an equity raise? To start the ball rolling say 3.5 - 4p

e&oe -- DYOR and all usual cautions - The BIG QUESTION - What are realistic long term probabilities for Revenue and bottom Line?

or £10 convertible loan with 10% - 12% coupon and security over all the IP.

[global nomad] 16/9/2019 10:14

Maybe Boris watches JW.....

[global nomad] 16/9/2019 08:33

UT trade only one showing currently but that was at 8p....not sure whats going on..

[jpuff] 13/9/2019 13:38

Nice to hear Boris Johnson specifically mention Xeros on the news today and their world leading environmental solutions.

[global nomad] 09/9/2019 08:40

I read this and wondered if the first line was related to Xeros..

[jasfuf9ejy] 06/9/2019 07:33

Looks like a good deal with Ramsons today. Probably take another 12 months before we see the company turn profit around though. Something I am prepared to wait for.