We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Xploite | XPT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 38.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 38.50 | 38.50 |
| Top Posts |
|---|
Posted at 11/1/2010 17:46 by lr4850 Smith sold a sizeable part of his holding at the top before share started to fall. It was argued on here to satisfy institutional investors? I bet? |
Posted at 03/7/2009 17:31 by lr4850 Why "Good News" Can Smash a Share PriceDate 28/05/2009 Penny Sleuth - The Penny Shares Expert | By Tom Bulford Why "good news" can smash a share price Looking beyond the headline figures All eyes are on Xploite's next deal Dear Reader, Today I want to follow up on something we looked at earlier in the week... as an example of why you need to be a little careful when buying shares on account of apparently good news. On Tuesday Penny Sleuth drew attention to an intriguing deal struck by IT consolidation company, Xploite (ticker: XPT). To remind you, it announced the sale of its Anix subsidiary for a net £28.5m. Given that Xploite closed its last financial year in October with net debt of £0.2m, this deal should leave it with a cash pile that exceeds its £21m market capitalisation. And yet, despite this, the share price of Xploite has slipped back by more than 20%. This puzzles the Penny Sleuth! Why has the reaction not been more favourable? Possibly the impact of the deal has simply been overlooked. But in fact there has been some quite hefty trading volume in Xploite's shares so investors do seem to be forming a collective view. So let us look at the situation in a little more detail. Looking beyond the headline figures At the end of October, Xploite did indeed have net debt of just £0.2m. However, included within its balance sheet were long-term borrowings of £5.7m, short-term borrowings of £2.2m and cash of £7.7m. Given that Xploite had net current liabilities of £6.5m, the cash was clearly earmarked to pay immediate bills, rather than being available for long-term investment. Since then there have been a few other significant changes. A further item in the end of year balance sheet was a deferred consideration for past acquisitions of £3.1m. This related to the October 2007 purchase of Itheon Limited, for which Xploite paid £3.5m at the time, with a further £3.5m contingent upon Itheon's performance. According to the Annual Report £2.2m of that was paid in December with a further £970,000 payable at the end of this year. So that is £2.2m that has left Xploite's bank account to which we must add the £3m that Xploite spent on the acquisition of Blue River Systems last December. Even so Xploite should still have over £20m of cash and for a company with an avowed strategy of 'acquiring, consolidating and developing innovative, high growth businesses in the IT services market place', that is a pretty good position to be in. |
Posted at 01/7/2009 10:05 by lr4850 Ok and thanks. IMHO: There is substantial difference in the cash which could encourage new BB investors to take more of a look. Unfortunately, I don't know how to do charts that's why i invited someone else to have a go. |
Posted at 26/6/2009 08:51 by lgpixels There are only a limited number of investors holding these amounts of shares. Exploit with its large cash pile is in a strong position and could attract a reverse takeover. |
Posted at 21/6/2009 23:06 by rb1206 From The TimesJune 20, 2009Smaller companies Robert Lindsay Xploite, which aims to buy, revive and sell IT firms and return cash to investors, rose ½p to 49½p as Ian Smith, the chief executive, reported results for a managed document business that it has sold recently and said that he was looking at new targets. Finncap analysts said that the shares should trade at a premium to the estimated 48p a share in cash (£20 million) that it holds, given Mr Smith's track record. There may not be a better time to pick up assets on the cheap from indebted companies and the broker speculated that KCOM, up 1½p at 29½p, Redstone, down 0.13p at 8.625p, and ATComms, steady at 4.625p, could be willing to offload assets. |
Posted at 11/6/2009 13:50 by rb1206 Tilton : Post Dated Chq....;-)). I know, i am just Joking. If MM/investors want to pick/sell some cheap shares and drive the share price down that's fine by me i be looking to pick some. Lower the share price more I can have for the same money. |
Posted at 27/5/2009 21:26 by lr4850 Cant see investors coming back. Perhaps XPT could use the money to buy back their own shares for cancellation.? |
Posted at 27/5/2009 21:11 by lgpixels Don't understand the market movement to news that was very positiveLoads of cash + storage fusion = ???? The company has got a very good track records with an IRR on investments higher than most of the top PE companies. I think we could bounce back to 75p+ short term as investors move back. |
Posted at 06/2/2009 20:41 by lr4850 Here's Mr Smith on delisting:Alternative Investment Market (AIM)-listed resellers have voiced fears their shares have become severely undervalued following another week of stockmarket turmoil. Last Monday, the UK's main index plunged by 2.7 per cent, the biggest drop since mid-August when the subprime crisis first came to light. With AIM's 149 tech stocks struggling to attract the attention of battle-scarred investors, onlookers are predicting several could follow in the footsteps of managed services outfit InTechnology, by announcing plans to delist. Ian Smith, chief executive of AIM-listed storage reseller Xploite, said recent independent analysis from Edison Investment Research found its share price is undervalued by 50 per cent. "There are a load of small tech stocks listed on the AIM and eight out of ten of them are hacked off with where they are," Smith argued. "The whole subprime nonsense has had a damaging effect on stocks and many small cap companies are now significantly undervalued. "We are okay as we have a lot of headroom in debt financing, but if a company decided to raise money in the City right now they would be doing a disservice to their shareholders," he said. Scott Fletcher, chief executive at Plus-listed reseller ANS, said: "The credit crunch came and went, but it is back again and it appears to have hit the stock market hard in the past week. It is frustrating when you are running your company well and profits are improving, but your share price is not rising." Fletcher said Xploite and managed services outfit Computerland had been particularly badly hit. John Hughman, senior technology analyst at market watcher Ernst & Young, agreed that small tech stocks are finding it difficult to a ttract the attention of analysts. "I can see the pressures they face. I would expect resellers that are more focused on good cash flow and annuity business than high revenue and profit growth to look at going private," he added. |
Posted at 26/1/2009 22:57 by lgpixels Very strong results today with adjusted EPS of 12.85p!At a very simple level you could easily give the shares a value of £1.50+, which would be on a PE of 12. You do need to spend a bit of time reading through the results to fully understand the business model. The adjusted EPS figure is given to make it easier to understand the potential value of the operating businesses. The adjusted EPS figure is calculated by: a)Adding back integration and strategic costs (enable an understanding of the underlying profitability of the businesses) b) Adjusted for add back of integration and strategic costs and amortisation of intangible assets (the company is in the businesses of buying nonperforming companies and restructuring their operations) The business is highly cash generative and forward earnings visibility is improving. Gross profit margins and turnover has both shown significant improvements increasing EBITDA by 231% to GBP4.3m. The pre tax profit is not a clear indication of the true value the business as a high amortisation charge (writing down good will) is applicable due to its acquisition strategy. There are also central overhead, which are not required to run the businesses i.e. they are there only to executive the acquisition and disposal strategy. The management already turned down a big approach for the company that was rumored to be just under £1 per share last march. The market has not yet fully understood the potential for the Storage Fusion business, which could easily be worth the current market cap on its own! Think it is going to take a little time for the market to digest these results and fully understand the businesses. There is a high probability that one of the companies trading businesses or the whole company will be subject to a takeover approach it the shares remain depressed. Interested to hear other peoples take on the business. Xploite business model is similar to a successful private equity company, without any debt! Also interested to see if management purchase any more shares and instructional investors top up. Sorry for the long post, just a little excited about the potential here....... |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
