Xeros Technology Share Discussion Threads

[organstop] 26/5/2020 22:17

Leaps and bounds!

[n73] 16/5/2020 08:28

Very interesting indeed. Snooped over 6% of the business.

[pre] 15/5/2020 15:22

RNS out - R Griffiths takes 6.47%, interesting...

[mcfly79] 14/5/2020 23:09

Very strong day.Especially given it was the first day of trading for the placing shares. A lot have gone to existing shareholders who are in for the longer term gain rather than flipping for a small profit.RNS after the close confirming the increased holding of Entrepreneurs Fund. They took 290m shares in the placing, increasing their position from 224m shares to 514m shares.

[organstop] 14/5/2020 22:28

No it isn't.

[jpuff] 01/5/2020 16:12

Lots of news today about micro plastic pollution in the sea - primarily from washing of garments. Very high levels mentioned off Italy in particular. Xeros filtration system needed very much now!

[adrianuk] 29/4/2020 20:17

The company is well funded and has a wonderful product. I originally bought in last year at 20p. The current share price of 1p is ridiculously cheap.

[mcfly79] 25/4/2020 14:46

I bought some via Primary Bid. I have been watching XSG for some time and was sitting at my computer when the RNSs came out so acted straight away. Even then my subscription was pared back.


I think the market responded positively because the funding worries have now been removed.


Clearly there is dilution. Once all shares are issued the market cap will be about £16m at the current share price (0.82p), with £9m in cash that should see the company through to breakeven.


Far more than £16m has been spent on developing the IP and I think the company should be worth a lot more now that it is fully funded to positive cashflow.


Finncap have a 2p price target based on their base case DCF model. That is based on very prudent assumptions and a high discount rate. They state that as revenues ramp up their discount rate will fall, and at a 10% discount rate the target price becomes 3.5p.

[pugugly] 24/4/2020 19:04

Goldry - (imo) Probably very lucky - Keep safe have a restful lockdown weekend if possible.

[goldry] 24/4/2020 18:58

I tried to register on the site, but it couldn't verify my address. Only lived here 20 years. Oh well, might have dodged a bullet, who knows.

[cerrito] 24/4/2020 18:31

Did anyone here manage to buy on Primary Bid?
To have so much raised in less than two hours suggests that it was all precooked indeed prebooked.
I am realistic about the need to do the raise and indeed given the situation the price at which it was done but I hope Primary Bid was not a charade.
The Lse is becoming a real money raising machine as another of my holdings Fair also did a raise today.

[amch] 24/4/2020 16:19

New Finncap note out today stating the following:

In our view, the funds raised should fund the business to cash generation. Despite
sensitising our forecasts for the COVID-19 pandemic, we continue to believe that the
business will reach profitability and cash generation during H2 FY2022E.

[distant_daz1] 24/4/2020 14:44

Yup. Primary bid offering already closed. High volume day on the cards. Haven't been in many markets where such a dilution actually leads to a share price increase.....

[cerrito] 24/4/2020 13:13

I have just seen the RNS and went onto the the Primary Bid site to see that it had already closed.
This explains why the price has been steady for the last 90 minutes.

[amch] 24/4/2020 12:29

The company has always said it would raise again this year. They said in the past they needed £10m of funds to get to break even and now they will have it, with £5m raised in Nov last year and £5.7m being raised now.


I think this new cash will get the company through to break even in Q2 2022.

Cash at 31 March 2020 of £3.1m

Raising £5.7m now (plus up to £300k extra from Primary Bid)

Therefore total cash will be £8.8m - £9.1m.

Monthly cash burn is now £0.6m and falling.

High margin income is ramping up.

[garth] 17/4/2020 08:53

Last time I gave this a quick skim cash outflow £9.2m at interims and just 11% uptake on their effort to raise £7M.

Anything material changed?

G.

[jpuff] 17/4/2020 08:44

https://www.bbc.co.uk/news/science-environment-52312260

[fatgreek] 27/3/2020 11:52

Creeping back up.....

[fatgreek] 23/3/2020 01:25

Xeros, the Rotherham-based developer and provider of water saving and filtration technologies with multiple commercial applications, has signed its first agreement in the development of its product that protects oceans from plastic pollution. The Joint Development Agreement ("JDA") has been inked with a global leader in commercial laundry solutions, with the aim of incorporating the Xeros' system into their commercial washing machines.Washing textiles containing synthetic fibres, such as nylon or polyester, is a major source of microplastic pollution. Globally, it accounts for 35% of primary microplastics released into the oceans every year. As many as 700,000 microplastic fibres can be released in the wastewater from a single load of domestic laundry.Xeros' patented filtration system, XFiltra removes up to 99% of these microplastic fibres from laundry effluent. The device lasts for the lifetime of the washing machine and does not use disposable filter cartridges.Xeros' joint development partner aims to be the first company in the world to provide commercial laundries with washing machines fitted with microplastic filtration. Upon successful completion of the joint development, the JDA provides for the negotiation of a commercial agreement to license Xeros' filtration technology in a number of geographies in exchange for royalties.Mark Nichols, chief executive of Xeros, said: "This invisible form of plastic pollution is highly damaging to our environment and wildlife, and is one of the ways in which microplastics are readily entering our food chain. Having developed our filtration solution over the last three years, we are delighted to be working with one of the world's most respected and environmentally aware commercial laundry solution providers."We believe XFiltra to be the most effective product available, enabling companies and consumers to substantially reduce this form of microplastic pollution. Legislation currently being passed in various geographies will hasten and increasingly mandate adoption of in machine filtration in order to remove microplastics from washing machine effluent streams."Based on the Advanced Manufacturing Park (AMP), Xeros is a Leeds University spin-out that has developed a patented system using a unique method of special polymer beads rather than the usual large amounts of fresh water to clean clothes. It has pivoted to a strategy that sees the licensing of technologies to market incumbents and receiving a proportion of the value created by means of royalties.

[rumobejo] 20/3/2020 12:26

finally cleared of corona virus!!!

[fatgreek] 20/3/2020 12:03

Boooooom re rate coming

[big brother8] 20/3/2020 11:29

GOOD DAY MY BRUTHAS.

KOMMANDANT BEEN DOING BATTLES ACROSS THE MULTIVERSE. ENJOY ANOTHER ONE OF BB GIVERAWAY.

BB8