Xaar Live Discussion

Ripley94 18 Jan 2020

queued at 417 XAR… XXXXX Steve Moore says avoid but there is hope. … Xaar – “broadly in line with the first half”… what was that like though, again?!.. By Steve Moore | Thursday 16 January 2020 Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. A “Trading Statement” from Xaar (XAR) commencing; “Xaar plc, a world leader in industrial inkjet technology, provides its scheduled trading update: Trading in the second half of 2019 was broadly in line with the first half”. The shares have responded to a current 47p – more than 6.5% lower… This is with the half-year results having included “Xaar has continued to experience trading losses… we expect sales in the second half of the year to be similar to those in the first half… The decision to stop all further investment in Thin Film activities… The removal of £7.4 million of one-time Xaar 1201 related items and the expected annual cost savings of around £8.0 million, will result in a substantial improvement in profitability for the coming year”. First half revenue was £22.5 million and “the group expects to report revenues of approximately £46 million for the year ended 31 December 2019”. It adds “costs in Thin Film are now at the minimum level to satisfy existing customer requirements and in respect of IP, to explore the possibility of monetisation of the technology” and “cash balances (including cash held for investment in Xaar 3D) were £25.4 million at 31 December”. The latter compares to £21.6 million at the half-year – though is after £12 million from Xaar 3D partner Stratasys (£5.6 million of which for the exclusive use of Xaar 3D) for an increased stake. The statement concludes that “the business is consolidating its strategy around the three business areas of printhead supply, product print and 3D and the board expects to update shareholders on plans and prospects when we announce preliminary results on 24 March 2019”, whilst the market cap now is sub £37 million. There is possibly value here, but the combination currently of cash burn and still work-in-progress strategy sees me presently continue to avoid. Never miss a story.

Ripley94 27 Sep 2019

queued at 417 XAR… XXXXX I missed this yesterday ( up at lunch club , took day off …lol ) Xaar Shares Plummet On Thin Film Closure Pain And Executive Exodus from Alliance News | 26th September 2019 09:21 (Alliance News) - Shares in Xaar PLC plummeted two-fifths Thursday after its interim results were blighted by the decision to close its thin film business, amid an exodus of senior management. Shares in Xaar were 40% lower at 41.10 pence in London on Thursday, down 75% over the past year. For the six months ended June, pretax loss deepened sharply to GBP52.3 million from GBP1.2 million the year prior. This was after revenue sank to GBP22.5 million from GBP35.3 million the year before. Profit performance was hurt by a GBP39.0 million impairment booked for the closure of its thin film printhead unit. “It is with considerable reluctance that we have taken the decision to cease all thin film activities in the Printhead business, but without a strategic investment partner it becomes, by ourselves, unaffordable to continue,” Xaar Chief Executive Officer Doug Edwards said. " This decision and the associated restructuring, although painful, will result in a substantial improvement in profitability and operating cashflow for the company in the coming year." Xaar axed its interim dividend, having paid a 1.0 pence per share a year prior. Excluding one-time royalties and the Xaar 1201 thin film printhead revenue reversal, overall printhead revenue was up 1% on the year prior. “The increased investment in Xaar 3D positions it well for growth and unlocks value for shareholders,” Edwards added. “Product Print Systems is showing good growth and a strong sales pipeline.” Xaar also experienced a number of management changes following the thin film closure and proposed further investment in the firm by Stratasys Ltd. Earlier in September, Xaar agreed to sell a 20% of its holding in Xaar 3D to Stratasys for USD10 million. In addition, Xaar issued Stratasys with a call option to buy the remaining 55% stake in Xaar 3D it did not already hold for at least USD33 million anytime over the next three years. Based on the share price of Xaar on Thursday, the firm has a market capitalisation of GBP35.3 million. Xaar boss Edwards will leave at the end of 2019, with current printhead unit chief John Mills selected as CEO designate to replace him. Edwards will remain available to Xaar until the end of March 2020 in order to “ensure an orderly succession”. Xaar Chair Robin Williams and Chief Financial Officer Shomit Kenkare also announced their intentions to leave the firm. Williams will stand down at the end of March 2020, Kenkare from the end of 2019. Williams will be replaced as chair by Non-Executive Director Andrew Herbert, who has been in post since 2016. The search for a replacement for Kenkare has begun. Non-Executive Director Margaret Rice-Jones will leave the firm at the time of its 2020 annual general meeting, in the past held in May. Andrew Herbert and Chris Morgan will continue as independent non-executive directors, however. By Ahren Lester; [email protected] Copyright 2019 Alliance News Limited. All Rights Reserved. corporate actionsdividends & buybacksexecutive changenegativesignificantcompany outlookcompaniesFTSE Mainearnings Editor’s

Ripley94 12 Sep 2019

queued at 417 XAR… XXXX Did not think that was only 9 days ago ( top up after bad RNS ). I’m losing it lol . But Gods looking after me up 20% this morning sells @ 80p on a gap up ( A positive RNS ) Thursday again so missed it working in garden . Portfolio see of green

Ripley94 09 Sep 2019

queued at 417 XAR… XXXX This one it appears is in the small cap value sector that Michael Berry favours . ( SMT )

Ripley94 03 Sep 2019

queued at 417 XAR… XXXXX "If i knew then what i know now " as someone said a lunch last Thursday lol . RNS Profit warning down 30% to 62p . I saw these had gained to 98p mid July i should of taken that profit . Got to stick with original reason for buy plan .

Ripley94 27 Jun 2019

queued at 417 XAR… XXXXXX The low was 75p now back above my last buy. Wait for low example again… had 23 days to get it cheaper the 82p

Ripley94 04 Jun 2019

queued at 417 XAR… XXXXXX Picked more up @ 82p

Ripley94 22 May 2019

queued at 417 XAR… XXXXXX Droped back today now

Ripley94 01 May 2019

queued at 417 XAR… XXXX Sliced the higher top up for 101p limit @ 2.15pm been trying for a week one day dropping to 100p . Patience, Patience, Patience. JStream @ Manor House thought it best of my picks one month back. Might be lucky !!!

Ripley94 02 Apr 2019

queued at 417 XAR… XXXX Was trying to top up here last week for 105p … Did today for 98p

Ripley94 23 Mar 2019

queued at 417 XAR… XXXX 117p now on news they made a loss this year and have cut div .

Ripley94 08 Sep 2018

queued at 417 XAR… XXXX Made a quick 10% after one day when i got bottom of decline on March 20th . Could of done it again if id been brave and topped up on last post date which was the bottom just 7 days later its bounced back 15 %.

Ripley94 30 Aug 2018

queued at 417 XAR… XXXX RNS… Top faller ( once more ) today down 33 % to 165p

Ripley94 26 Jun 2018

queued at 417 XAR… XXXXX Good job i took that slice @ 309 in hindsight, 21st March. Buys 345, 361, and 20th march 273p .

shieldbug 06 Jun 2018

Re: Yo-Yo Could the sp rise be related to announcement of Cannon Oce label printing system today - [link]