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XGT XG Tech Regs

4.50
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
XG Tech Regs LSE:XGT London Ordinary Share COM SHS USD0.00001 (REG S)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 4.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 4.50 USD

XG Tech Regs (XGT) Latest News

Real-Time news about XG Tech Regs (London Stock Exchange): 0 recent articles

XG Tech Regs (XGT) Discussions and Chat

XG Tech Regs Forums and Chat

Date Time Title Posts
19/7/201118:56XGT - New float taking off !!58

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XG Tech Regs (XGT) Top Chat Posts

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Posted at 19/7/2011 18:56 by regandjess
This cannot have a mkt cap of around 124 mill and with shares in issue of 154 mill and a price oe of .83. Something wrong here.
Posted at 29/8/2010 09:42 by looky
something is up here. More volume over the last 2 days than over the whole year and the share price goes up 70% ish. If this technology is adopted then these could well be $30. Time will tell.
Posted at 15/3/2010 15:39 by looky
This is very interesting - could be some short term money to be made here


Non Regulatory Announcement
Date : 15/03/2010 @ 07:40
Source : RNS Non regulatory
Stock : XG Tech Regs (XGT)
Quote : 0.310 0.03 (10.71%) @ 15:30
Posted at 03/8/2009 10:27 by camy
XGT is not traded on crest so is not recognised by selftrade. Have written to their investor contact asking that they be settled on crest. Reply is that they are considering it which is what they said 6months ago. If you have encountered the same problem and would also like to see them traded on crest then check out their website and send them an email.
Posted at 04/5/2008 15:56 by littleredrooster
Contract terminated.
Posted at 13/9/2007 08:14 by badgerry
Based on the share price performance it doesnt look like people have been very impresed by the presentation? The company's statement reads like alot of mumbo jumbo - we will see? Reminds me of the definition of an expert as somebody who you cant understand. Good luck to holders but a bit too risky for me.
Posted at 13/4/2007 09:27 by littleredrooster
Take AIM: Funds look at US-based xG - lured to London by legal fears

Published: 08:29 Friday 13 April 2007
By Douglas Bence, Companies Correspondent

It may be early, but here's one for the Christmas quiz. Name an AIM-listed company with next to no income and a share price of over $17. You have three guesses, and if the first two mention biotechnology or oil, gas or mineral exploration, then you're wrong.

The answer is Florida-based xG Technology whose 120 million-plus shares were floated by Hichens Harrison and started trading at $4.50 each on 20 November, initially capitalising this communications technology business at $544 million (£275 million).

After successful field testing, later this month it installs its first base station for the Florida cable company Far Reach at Daytona Beach, Florida, as the first step towards a low frequency, low power telecommunication service that co-founder Rick Mooers believes can revolutionise the industry.

Well, 'he would say that' is the obvious response. But some institutions have already voted with their wallets and others are looking into the possibilities, including Framlington and the hedge funds Bluecrest, and Tiburon Partners, it is understood.

The annual report shows that 46.3% of the shares are in the hands of the MB Merchant Group, the holding company of MooersBranton Merchant Bank owned by xG's co-founders, chairman and chief executive Mooers, and chief financial officer Roger Branton.

Iceland-based Stormur Holdings AB has 18.2% and ACH Securities SA of Geneva 17.7%; both represent Nordic investment houses. Only 10% of the freefloat was unlocked, so there weren't many institutions who could get worthwhile stakes at the time of the listing.

What on earth is a US company with no income as yet that capitalises at $2 billion doing on AIM?

As well as showing the US regulatory authorities in a less than favourable light, the answer goes a long way towards silencing some of the recent criticism of AIM and is evidence for those who think that London will soon overtake New York as the financial capital of the world.

Mooers told Citywire that it was impossible for the company to be floated in the US under the current regulations at this relatively early stage of its development.

But a listing was possible using AIM which gave the company the capitalisation value it needed to deal with companies already established in the industry and to negotiate agreements with potential partners.

Although Europe is not yet as litigious as the US, the AIM listing also allows xG Technology to manage the real risk of the American legal system where any allegation, no matter how ludicrous, has to be hauled through the courts at a vast cost that can seriously cripple any new business.

This legal argument also applies to patents and their alleged infringement which seems to be a way of life in the drugs and electronics industries.

Earlier this week Tate & Lyle, for example, went to the US International Trade Commission alleging patent infringement by three Chinese manufacturing groups and 18 importers and distributors of its sucralose manufacturing technology.

'While others may try to steal our technology, there may also be those who think we've stolen their's,' Mooers told Citywire. 'Being on AIM allows us to deal with this risk. In the early stages of a company's development there are serious shortcomings in the US legal system. AIM offered us a wonderful opportunity'.

Lower frequency signals travel further than those of traditional mobile phones so in theory larger networks can be built with far fewer base stations. Although others are pending, xG's single patent enables large amounts of data to be transmitted at low frequencies.

Or in more formal language, the company 'owns and intends to commercially exploit the intellectual property rights to a radio frequency modulation and encoding technology' called xG Flash Signal.

The next step for xG is to cover up to 90 markets in the US with around 700 base stations which will be produced for $2,700 each. Both Mexico and the UK are high on the next list of priorities.

Although the first 10,000 handsets were designed in Sweden and will cost around $285 each, later phones will be made in China and the price will drop close to $150.

The Daily Telegraph said there was a whiff of the dotcom boom about xG. Certainly it could either disappear almost before it's started or be one of the growth stories of the year.
Posted at 28/2/2007 11:18 by tomhi
I agree completely. Very smart approach, but I very doubt it will go down far, since the supply of this stock is very thin, and a buying interest from one big investor is able to drive the price up much, as in January.
Posted at 16/1/2007 18:49 by littleredrooster
The Sunday Times September 17, 2006

Telco aims for £400m

Paul Durman

A SMALL American company with rights to an apparently breakthrough wireless technology is seeking to raise £30m from London investors, and hoping for a market valuation of up to $750m (£400m).

XG Technology, based in Florida, claims that the power efficiency, cost effectiveness and range of "xMax" could transform the telecoms industry. In trials, it has been able to transmit video over 18 miles, using little power and relying only on cheap base stations.

Rick Mooers, the merchant banker who is XG's chief executive, said xMax could be enormously "disruptive" - seizing a big slice of the revenues that are expected to be earned by mobile-phone companies, Intel and other technology firms.

XG is seeking a high valuation for a company that has yet to generate its first revenues. However, Mooers said XG had already received $20m of signed orders from Florida firms that are keen to introduce commercial broadband services over xMax next year.

XG plans to make its money by selling base stations for $50,000 a time, and by selling the required xMax handsets. Mooers said that an xMax network sufficient to cover America could be built for less than $15m - a fraction of the multi-billion-dollar cost of building a mobile-phone network.

It is also a fraction of the estimated $3 billion cost of the network needed to deploy Wimax - another new wireless technology that has been heavily backed by Intel.

XG has generated considerable controversy in certain parts of the telecoms industry. Some critics have even claimed that its technology defies the laws of physics.

However, XG and xMax have been given a vote of confidence by Stuart Schwartz, professor of electrical engineering at Princeton. Schwartz has said the sceptics "don't understand what XG is doing". The low power required, 50W, could allow xMax to use unlicensed spectrum to transmit television, video and wireless broadband.

The company's promoters said it was extremely rare for a true technology leader to list in the UK. Credit Suisse, an investment bank known for its technology expertise, has spent several months advising XG. However, XG is being brought to the Alternative Investment Market (AIM) by the much smaller Smith & Williamson, with Hichens Harrison acting as broker.

It is highly unusual for a leading technology company to float using advisers that would not generally be regarded as first tier. It was suggested this weekend that Credit Suisse had ducked out of the float because it does not handle transactions on AIM.

However, Mooers, who has spent years trying to commercialise xMax, is known for his suspicion of big companies.




U.S. wireless start-up makes AIM debut

John Walko

11/20/2006 6:29 AM EST)

LONDON - Dealings in shares in xG Technology, a company that has patented and developed modulation and encoding technology that allows broadband signals to be transmitted at low power on already used parts of the electromagnetic spectrum, opened on London's Alternative Investment Market (AIM) Monday (Nov.20). However, the company has had to scale back the value of the flotation.

The Sarasota, Florida-based company has also delayed to a later date a planned fundraising that was meant to accompany the listing.

The opening price of the shares values xG at about $544 million (£287 million), about $100 million less than anticipated when the company announced plans in September for the AIM listing.

However, the flotation again enhances the international reputation and attractiveness of AIM in attracting high technology companies from across the world to have their shares listed on the exchange.

The company says its so called xMax technology, initially targeted at voice over IP for mobile handsets, can more efficiently use wireless spectrum and support more efficient communication over wireless or wired links than other technologies.

It claims that xMax can boost the data rates of all wired and wireless communications: "It is not a compression technique, but rather a synergistic mix of two well-established communication approaches that dramatically improves spectrum utilization," xG Technology suggests.

Full details of the xMax technology can be found in an article posted on Wireless Net DesignLine that is co-authored by Stuart Schwartz, a professor of engineering at Princeton University and an advisor to the company.






Wireless comms firm lists on London AIM

by David Manners
Monday 20 November 2006

Shares in Xg Technology, a Florida-based wireless start-up, started trading today on the London AIM stock exchange.

Although Xg, which claims its low power wireless technology called Xmax could cover the US for a network installation cost of $15m, has listed on the London AIM exchange, it is not raising any fresh money as part of the listing.

The company had hoped to raise £30m from the AIM listing in return for ten per cent of its equity which would have valued the company at £400m.

However, during the road show of potential investors, the company learned that there was no interest in investing at that level.

Nonetheless potential investors gave the company non-binding expressions of interest in buying £63m worth of convertible preference shares.

The shares of Xg which started trading today on the AIM were shares put up for sale by some of the seed investors. In the first few hours of trading they rose from $4.50 to $4.80.

The firm, which has already demonstrated the technology in the US, said the advantage of the technology, which can be operated in the 900MHz unlicensed band, is that it can be used to transmit data using low power RF signals which sit just above the noise floor and do not interfere with other signals operating in the band.

In a demonstration last year, the firm said it used a transmitter to broadcast a 3.67Mbit/s signal more than 18 miles using only 35mW of RF output power.

Voice-over-IP systems are expected to be an early application for the technology.

For more information see this blog about Xg Technology's flotation.



Telecoms Revolution? Er....maybe

I have to say I love the sound of Xg Technology whose shares started trading in London today.

Xg boasts an outrageously ambitious technology with the potential to wipe out the established wireless telecommunications industry and provide free, or almost free, telephony for everyone.

It's like the promise of the PC to 'democratise the computer industry'. And the PC did just that, wiping out a raft of huge computer companies like Burroughs, Wang, DEC, etc.

XMAX, the name for Xq's technology, claimed to be able to build a pan-US VOIP wireless network for just $15m. Wow!

However not everything was good about Xg. Requests to talk to senior management were refused. The workings of the technology were never explained. Previous ventures by the founders had ended messily.

Today, Xg's shares started started trading on the London AIM stock exchange after an inauspicious roadshow.

They'd come to London hoping to raise £30m which would have valued the company at £400m, and in fact raised nothing. During the road show of potential investors, the company learned that there was no interest in investing at that level.

But they got their listing, and some of their seed investors sold their shares at $4.50 a pop and that put a value of $287m on the company.

Nonetheless potential investors gave the company non-binding expressions of interest in buying £63m worth of convertible preference shares.

I like the sound of Xq because it's claiming to be able to do something so totally revolutionary in an age when all the new companies seem to offer only incremental improvements to what is currently on offer.

But now I can actually buy shares in the company, would I do so? Would you? OK, it sounds too good to be true, and that means it usually is.

But Intel set out to reduce the cost of computer memory by 100X. That sounded too good to be true. But they did it.

Posted by David Manners on November 20, 2006 2:50
Posted at 15/1/2007 15:35 by tillman
SO NICE AND QUIET HERE!
Nobody...no tip sheets, no lemmings, no sheep

Lovely. Long may it continue! LOL!!!!!!

I have my position (hard to to do). I intend to make some very serious money here and have just entered it on the double thread..see below.



Tillman - 15 Jan'07 - 15:31 - 202 of 202 edit


Posting this from work, so please forgive me for not telling the whole story here but I have to post it now as it is already rocketing up.

I will try adn come back and edit my post and put some more info. here for those that are interested. However, I suggest you do your own looking anyway, rather than just reading what I put here.

The company is XGT....X G Technology
Up sharply today (19%), currently $7.4-$7.65.
Fantastic technology that is being beta tested in February.
Recent fundraising...oversubscribed.
Excellent newsflow...expectations already being met more than two times over!
No tiddler, nice market cap.
A true new technology company listed on AIM...not many with new technology on this scale list in the UK...they nearly always list in the US.

In on the ground floor?
You make the judgement...I have already made mine. I think this is pretty breath taking stuff.
Everyone has heard of SOLA But nobody seems to have heard of XGT. Just wait until they do!
My money is on XGT.

WARNING:
Just one MM...unusual for such a large cap stock
Non Crest...I tried to buy at $5.25 with my normal broker and found out that they along with many others could not deal in this stock.
The above is likely to change...no dates yet but the stock is likely to be adopted by Crest and then they can have more than one MM. They cannot have more than one MM at present.
I am no expert and this is not an invitation to buy. Do your own research etc etc and then be very impressed, so so or disappointed.

Please enter my stock selection as XGT.
XG Tech Regs share price data is direct from the London Stock Exchange

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