Xps Pensions Share Discussion Threads

[ryan83] 12/8/2013 12:47

0.23 was the low a week or so ago

[treacle32] 12/8/2013 12:46

So this is all time low on the share price in its history. Bottomed could have been reached and maybe only way up from here. DYOR.

[vyke82] 12/8/2013 12:38

This is really cheap I agree

[treacle32] 12/8/2013 12:31

Just got 371K at 0.35p, hard to buy.

0.32-0.40p, 1 v 3. Does look like oversold too me and imo cash position is more or less just below current mkt cap.

[tomboyb] 12/8/2013 11:28

250k on the ask but at full quote 0.35p!

[charmer1_23] 12/8/2013 11:21

Agreed, it looks good value here, market cap underpinned by cash, surprised the directors have not been filling their boots down here, makes one wonder if these will taken out on the cheap but current valuation does seem derisory, watching with interest....

[29howard] 12/8/2013 11:04

Took a position last week hamidahamida, looks cheap, something to prove now though as well but there is room for a good profit on a spike if it happens.

[hamidahamida] 06/8/2013 20:43

Well read the results kristiniSim distribution side made over 4 million in profit Pj media made 0.5 millionH2 cash went up by 1 million3.3 million cashAnd jones bought jessops online website which he can integrate in to xps online retail Jones buy out or not at current price it's dirt cheap

[kristini2] 06/8/2013 18:43

Hamster

why would jones pay any more than 0.3 to take this out ?

[hamidahamida] 06/8/2013 08:31

3.3 million in CASH1.5 made in profits (2 million profit forecast for 2014)0.0 debtGenerated over 1 million in cash in h2Showing good Growth in USA Asia Europe turnaround being implementedAnd only capped at 3.6 million This can easily recover to around 1p Could be bought out by big share holder Peter jones

[opaldouglas] 02/8/2013 13:56

Charmer - my thoughts exactly. I know many would stay clear given the dire year XPS have had and maybe on the charts alone but I do enjoy bottom fishing.

If results are accurate there are some silver linings especially in Asia and US and with 3.3m in the bank (which is on the up as per H2) and no debt/need for shareholder dilution XPS looks like a good medium turn recovery play. Lets not forget lots of tax losses that XPS can make use of this year which should hopefully make for a very profitable 2014.

[charmer1_23] 02/8/2013 10:50

Opal, the valuation does seem a tad daft here but WDIK. Market cap almost equals unrestricted cash held at 30/04/2013 & throw in a £90mil+ turnover for good measure surely these are a medium term recovery play unless they are bought out on the cheap, will be interesting to see how this all pans out.....

[opaldouglas] 02/8/2013 08:27

hamidahamida - I can only agree. No doubt XPS has had an awful year but if you dig a little deeper into results things aren't as bad as they appear. A long term recovery stock in my book.

With a Mcap of £3.65M minus cash reserves of £3.3m the company is effectively valued at £350k.

With restructuring now seemingly complete FY2014 shouldn't bare the burden of further exceptional costs which took place last year. If you actually strip out exceptional costs and look at 2013 H2 figures they bode very well.

Revs: £47,576,000
Cost of sales: -£38,020,000
Gross profit: £9,556,000

Distribution Costs: -£1,830,000
Foreign Exchange: -£8,000
Admin Expenses -£6,640,000

Operating profit £1,094,000

Should this be replicated over full year 2014 Profit before tax should stand in the region of £2m.

For a company which is effectively valued at £350k (Mcap minus Cash) and on a PE of 5 this could value XPS circa £10M which would be a significant re-rating from today's lonely price.

Anyway, I nabbed a few this morning so I'm obviously bias!

Thoughts anyone?

[hamidahamida] 01/8/2013 15:14

Strategy evolution indicated they are looking at few options...

ONE OPTION I THINK IS PETER JONES BUYS OUT ON THE CHEAP EVEN IF HE PAYS 1p SIGNIFICANT PREMIUM TO CURRENT MARKET PRICE HE POCKETS THE WHOLE GROUP LESS CASH FOR 7+ MIILON.

[dancing piranha] 30/7/2013 17:07

Another AIM Co heading for..... ummm....... 0p!!

[hamidahamida] 30/7/2013 16:12

Exceptional costs that affected cash totalled GBP2.6 million. This was comprised of three main items: the restructuring costs in Europe (GBP1.1 million); costs in respect of two aborted acquisitions (GBP0.6 million); and the settlement of a supplier claim. In addition a non-cash item of GBP17.4 million has been charged for the impairment of the goodwill attributed to Data Select Network Solutions Limited following a review by the Board.

[nick rubens] 30/7/2013 15:30

How do we know we are not getting anymore exceptional costs to come.

It's good to have cash in the balance sheet, but when a company does not make money, that cash just helps with the bosses wages usually.

[hamidahamida] 30/7/2013 11:38

Year end cash 3.3 million (Last year end cash 5.5 million)
Exceptional costs that affected cash totalled GBP2.6 million

If you strip out Exceptional
Year on Year Cash Actually went up by GBP400000

At Half year cash was 2.3 million
Year end cash goes up by 1 million to 3.3 million

[vyke82] 30/7/2013 09:37

Unlike hibu xps has no debt, so bankers arent chasing. Their problem is noone buys what they are selling so cashburn high.

[tt2oo5] 30/7/2013 09:17

same outfit ran hibu to the ground

[dontshootthemessenger] 30/7/2013 09:04

Actually despite the 'accounting' 'profit' the cashflow was still negative

The Management statement still downbeat

Of the £38m of Net Assets about £34m is Intangibles/Goodwill so still plenty of scope for massive kitchen sink write downs

[dontshootthemessenger] 30/7/2013 08:40

Not a whole lot to recommend it if you look underneath the bonnet