Xpediator Share Discussion Threads

[gleach23] 22/11/2021 14:35

Bit of a bolt from the blue with CEO Robert Ross stepping down with immediate effect and no reason given although he is at least thanked.

Silver lining in the announcement regarding trading -

"There is no change to the financial position of the business, trading across the Company continues to be positive and in line with market expectations for the full year."

Makes one wonder how the unwinding of the working capital is going though. Also looks like this will be as much of a trading update as we'll be getting for the moment.

[svend2] 21/11/2021 21:09

Hi irnbru4 - Thanks the Wincanton webcast and Q AND A's was quite upbeat in my opinion they seemed to have control on the shortages of drivers and especially seemed positive for Q1 2022 in that respect hopefully we shall see some similar encouraging signs from Xpediator's management team if or when we get a trading update!

[irnbru4] 20/11/2021 06:52

I think the COVID situation in Central and Eastern Europe has a bearing on share price action. Also yesterdays Wincanton webcast may be informative especially the Q and As.

[svend2] 19/11/2021 23:06

The company needs to make a trading statement fairly soon we are now back at mid 55's nearly 5% drop alone today what is the missing puzzle here Simon Thompson/others?

[researchguru1] 15/11/2021 18:15

By way of a reminder...

INVESTORS’ CHRONICLE (Simon Thompson, 13-09-21)

The Braintree-based, international freight management services group, Xpediator (XPD: 67p}, raised full-year pre-tax profit guidance by more than 10% to £8.5m. The earnings risk is still skewed to the upside as the directors only need to repeat last year’s second half performance to hit forecasts.

In the first half, Xpediator’s freight forwarding operating profit (pre-central overheads) surged 54% to £4.1m on 28% higher revenue of £101m buoyed by more mature businesses in Lithuania and Bulgaria, higher sea rates (which are passed on in full to customers), and extra UK customer clearance work for clients post Brexit.

The group also benefited from £0.4m higher operating profit contribution from its Affinity brand which provides bundled fuel and toll cards and transport services (ferry bookings, insurances and VAT refunds) to 2,000 Eastern European hauliers and 14,500 lorries.

There was good news from Xpediator’s Pall-Ex (Romania) franchise, a fast-growing palletised freight distribution network offering 24-hour delivery, which is moving 78,000 pallets of freight each month, up from 67,000 in the first half of 2020. Warehousing activity in Romania is robust, too, operating profits from that business rose by 60% and could hit £0.6m for the full-year.

Admittedly, start-up costs for Xpediator’s new 200,000 sq ft facility at Southampton proved a drag and meant that operating profit from logistics and warehousing activities declined by a third overall to £0.4m, but the pipeline is strong and the seasonality of the business supports a second half rebound.

Importantly, the first half working capital build – net cash of £6.7m reversed to net debt of £1.6m – is unwinding. The negative movement reflected higher advance supplier payments to secure drivers and lorries, increased freight rates, delays in client payments linked to acceptance of Brexit related charges, and a change in operational system within UK freight forwarding finance. Cenkos Securities pencils in year-end net cash of £3m.

I initiated coverage at 45p (Alpha Report: Profit from a Brexit winner’, 19 February 2021), and the share price almost achieved my 85p target after the directors raised guidance 11 days after my last update (‘Primed for a major earnings beat’, 14 June 2021).

The pull-back since July is overdone. Priced on 10 times operating profit estimates to enterprise valuation, representing a 37% discount to sector peers, the shares rate a BUY.



No change in the operating environment since that update 8 weeks ago!

And currently trading at a 51% discount to sector peers. An absolute steal!

AIMHO.

[svend2] 14/11/2021 12:25

The share price is now back above the 200 sma which is somewhat bullish I wonder if/when they plan to do any share buyback?

[svend2] 12/11/2021 18:18

Hi, Z01/G23 Great finish to the week closed firmly @ 63p which seems fairly solid let's hope this momentum continues next few weeks and we can push back up into 70/80's range again.

[gleach23] 11/11/2021 22:25

Yes today seemed like it was in the making for a few days. Took some of my trading profit this afternoon @ 61p but buys came in after that @ 63p so I will watch tomorrow with interest as usual. Hopefully more of the same. GLA

[zico01] 11/11/2021 21:30

Hi svend

Share price back into the 60's ... and hopefully into the 70's soonish.

[svend2] 11/11/2021 20:17

Zico01 & G23 > It's on fire today, it sure has come back to life and with some strength!

[zico01] 10/11/2021 22:33

Touched 60.5 briefly before finishing 59 + 1.75p.

[svend2] 09/11/2021 11:52

gleach23 Yes let's hope we get a trading update soon and/or broker update this is after all their busiest trading period.

[gleach23] 08/11/2021 20:59

Hope you're right svend2. With the market quote @ 56.0-57.5 going into the close I could sell 30k @ 56.66 so the demand evident on Friday still seems to be there.

[svend2] 08/11/2021 19:54

SP could well be heading back northeast following the 50% retracement here from the all-time high also these levels 50-55 where previous resistance now turning support a break and close above the 200 SMA (61.5p) would be a nice start to a fresh and new uptrend

[svend2] 08/11/2021 19:54

SP could well be heading back northeast following the 50% retracement here from the all-time high also these levels 50-55 where previous resistance now turning support a break and close above the 200 SMA (61.5p) would be a nice start to a fresh and new uptrend

[gleach23] 06/11/2021 09:17

Looks like a 50k buy order @ 55p was filled yesterday, as reported after the bell. It would explain why only 4k shares were available to buy all day even after the Offer moved up 2p when one could sell 30k easily within the spread.

[svend2] 03/11/2021 13:13

gleach23 Yes probably some bargain hunting down here in the low to mid 50's was tempted to add but may have missed the boat.

[gleach23] 02/11/2021 14:12

Interesting 121,850 trade just gone though at the mid price.

@ 53-55, Bid currently very strong. Can sell 30k @ 53.5 and buy max 11k @ 54.9.

Hoping for a return to the 60s in short order.

[svend2] 26/10/2021 20:10

gleach23 > Just for sake of clarity my intention is not to put you on the pedestal or on the spot to predict where the share price is going to be as we all know only Mr Market is going to tell us this in terms of the PA. Meanwhile, mr undervaluedassets makes me think the same way however until we see a turn of the ebbing tide or some specific company news announcement I am reluctant to add more fuel to the current fire while still not showing any decent signs of any bounce back at all.. Has the Cat been run over by a truck?

[svend2] 26/10/2021 13:52

Hi gleach23 - Thanks seems the sellers have been active for a prolonged period of time and the drop from 80p>50p has been steady as she goes and the share price remaining below 60p all of October is not favourable looking meanwhile the big questhion is it going tp break below 50p?

[gleach23] 26/10/2021 13:13

Hi svend2...I have been monitoring prices and different limits. At one point the spread was 51.222-51.235 as can be seen on the trades.

Currently using a 5k quantity the spread is 51.47-51.85. Using 30k it's 51.47-53.0

Seems to be decent supporting demand at this level. Although there are clearly sellers about too, one has to start paying more for quantity, for the moment at least.

[svend2] 26/10/2021 12:39

gleach23 > The spread on the bid/ask is jumping between 51-52p the 51-53p..

[irnbru4] 26/10/2021 12:15

My view is that people were holding until ex div date and then felt it was not worth holding and sold especially if they had bought in the mid seventies and above and now holding at a loss.

[undervaluedassets] 26/10/2021 12:00

A bare month ago this had super results and a very promising outlook statement.

Has since fallen more than 25% and now resides 37% off its highs. All this on no news other than the news that the share price is falling.

Am tempted to buy a few more ..