Tom Winnifrith Bearcast: Shame on PWC & Numis, Hat tip Jim Mellon and ouzo for a vindicated Lucian Miers
A “Proposed investment by Stratasys in Xaar 3D” announcement from Xaar (XAR) – with CEO Doug Edwards “pleased that this transaction will create good value for Xaar shareholders and unlocks the ability for more significant value in due course”…
Previously writing on digital inkjet technology company Xaar (XAR), in March with the shares sliding below 115p I concluded the cash burn and current clear trading challenges see me note that “strong portfolio” still very much has to be proven – and to currently retain a stance of avoid. That was with the company having updated including “we are confident that the transformation we are undergoing will lead us to become a more diversified and customer-centric organisation, with an appropriate balance between established and developing technologies. We remain focused on delivering the benefits of our strong portfolio and technology advantages to shareholders”. Today a “Trading update & revised date for interim results”. Doesn’t sound encouraging!...
Inkjet printing technology company Xaar (XAR) has announced 2018 results including “we are confident that the transformation we are undergoing will lead us to become a more diversified and customer-centric organisation, with an appropriate balance between established and developing technologies. We remain focused on delivering the benefits of our strong portfolio and technology advantages to shareholders”. The shares have responded, er… further lower, below 115p…
“Xaar plc (XAR), a world leader in industrial inkjet technology, provides an update in advance of its forthcoming preliminary results”. This including “the integration issues experienced leading to the delays are now behind us and sell-through is expected to increase. Furthermore, the minimum volume commitments from our supplier have now been met. The company will announce its preliminary results on 21 March 2019 at which time it will also provide an update on its review of strategic options for more extensive partnering in the Printhead business unit”. Having also provided a trading update on 28th December, why a current 6% share price fall today though, to below 130?...
Previously writing on industrial inkjet technology company Xaar (XAR) on half-year results in September, I concluded the scale of deterioration, lack of visibility and continued difficult trading see - despite the shares currently sub 200p - me presently continue to avoid. Now a 28th December - i.e. attempted no-one watching o’clock - “Trading Update”. Uh oh…
Xaar (XAR) has announced results for the first half of 2018, including “the long term opportunity for Xaar remains very significant, but trading continues to be impacted by the aggressive decline in our Ceramics business, and the unpredictability of the adoption of our new products”. Hmmm…
In June I questioned on Xaar (XAR) as its shares slid below 250p, below expectations sales & little visibility… but still “expect full year profit to remain in line with our expectations”?!. Today a trading update…
Previously writing on Xaar (XAR) in November it was “shortfall against previous expectations… largely from fewer than planned new printer installs of Xaar's 2001 Printhead, and slower than anticipated ramp up of the Xaar 1201 Printhead due to supply constraints”. Today a further trading statement…
Previously updating on 2017 trading, inkjet technology company Xaar (XAR) stated an “in line” performance though “revenue will be more second half weighted than usual with growth anticipated from recently introduced new products”. A “Trading Statement” now opens with that “the board now expects that revenue in the second half year will be broadly in line with the first half”. Uh oh…
Alphabet-busting inkjet technology company Xaar (XAR) released interim results this morning. The shares might be worth a look as the company continues to show good signs of resilience.
In the latest highlighting of Xaar's present technical credentials we are witnessing it in the wake of a clear bear trap rebound from below the former 427p intraday low.
Following a recent more positive trading update from digital inkjet printing technology company, Xaar plc (XAR), researcher Edison has upgraded its (previously vastly reduced) earnings forecasts for 2014 and concluded that “the rating does not look demanding given the growth potential, IP and cash generation”. The following reviews.
Digital inkjet printing technology company, Xaar plc (XAR) has updated that 2014 profit is expected to be higher than (previously vastly reduced) market expectations on revenue of approximately £108 million, though that its expectations for 2015 remain unchanged – including total sales to not exceed £100 million. The following reviews the current state of play here.
Having fallen to 222p (having been more than 1100p earlier this year) after another profit warning, shares in digital inkjet printing technology company, Xaar plc (XAR) have recovered slightly to a current 232.5p. The following updates as forecast downgrades flow through.
Shares in digital inkjet printing technology company, Xaar plc (XAR) plunged 37% to 231p yesterday after ots latest profits warning. Should you bottom fish? Don't be silly.
Following another profit warning last week, shares in inkjet printing technology company Xaar plc (XAR) continued to fall – closing the week at 420p. I update in the following with them now having nudged slightly higher towards 423p and on the back of an update from researcher Edison.
Shares in inkjet printing technology company, Xaar plc (XAR) are more than 20% lower at 439p following its announcement of results for the first half of 2014, which included a warning that “during the third quarter, demand from the ceramic tile decoration sector has softened, which we believe relates to a slowdown in construction activity in China. In light of this, the board's expectation for 2014 revenue has reduced to £115-125 million, with adjusted operating margin projected to be broadly in line with the 26% achieved in the first half of the year”. Oh dear. Woof, Woof.
Having fallen from 742.5p to 560p on the back of a profit warning as I wrote last month (see HERE), shares in digital inkjet printing technology company Xaar plc (XAR) would eventually fall to sub 500p. They have currently recovered a bit to 530p and the following updates in light particularly of some director share buying which looks to have sparked much of the recent rise.
Good buying opportunities often come soon after an over-reaction to bad news, and I believe that to be the case with Xaar (XAR). As long as the news itself doesn’t pinpoint any fundamental problems with the business model, and therefore future of the company, these overdone drops can create fantastic value-for-money opportunities, both in the short and long term.
Shares in digital inkjet printing technology company Xaar plc (XAR) currently trade more than 24.5% lower today, at 560p, on the back of a disappointing trading update. Having been consistenly cautious on the shares since I first covered them on this website last Summer (see HERE) and as recently as April (see HERE), the following updates.
Digital inkjet printing technology group, Xaar (XAR) has updated that trading thus far in 2014 has been consistent with expectations and that it is “confident that its expectations will be achieved for the full year”. The shares have currently nudged higher to 832p on the back of the announcement though the following reviews with the company having a “more stable” outlook following a prior year “rapid acceleration of the adoption of Xaar's technology into Chinese ceramic tile manufacturing”.
In his weekly financial video postcard, Tom Winnifrith questioned the typical views of broker and research reports (see HERE) – and I have been reminded of this whilst reading some such reports on digital inkjet printing technology group Xaar plc (XAR). The following explains.
Digital inkjet printing technology group, Xaar (XAR) has announced “exceptional” results for the 2013 calendar year, “mainly driven from the acceleration of the adoption of Xaar's market leading technology in the Chinese ceramic tile market”. Why therefore has the share price fallen in response?
In an update on the recent 2013 trading statement from inkjet printing technology group Xaar plc (XAR) it was noted HERE that the year was an exceptional one for the company but that the principal driver of the growth (a rapid transition of the ceramics industry to digital, particularly in China) was now reaching ‘steady state’. This saw me question the prevailing valuation and researcher Edison has also now updated with a note entitled ‘Return to normality’. What does it have to say about the current position?
Inkjet printing technology group, Xaar (XAR) served up a cracking 2013 trading update today but would I rush to buy the shares? Is it better to trevel than to arrive? Is fat Sam Allardyce worth his money as the world's 13th best paid football manager?
Inkjet printing technology company, Xaar plc (XAR) has announced its “expectations for full year revenue and profit remain unchanged” after third quarter sales “in line with the board's expectations”. The following updates with the shares having fallen back below 800p after material director share sales (which I updated on HERE) in August…
Following its results announcement yesterday for the first half of 2013, I updated on inkjet printing technology company Xaar plc (XAR) that the previous caution espoused looks to continue to hold – see HERE. The company has followed today by announcing a couple of director share sales…
I previously updated on fully-listed inkjet printing technology company Xaar plc (XAR) following a stunning trading update from it in June – see HERE. The company has today announced results for the first half of 2013…
Even after a 25% uplift in the share price of Xaar (XAR) seen since the start of May, there is still, I believe, scope for further gains for this printing company. At 790p it is calitalised at £594 million.
Shares in fully-listed inkjet printing technology company Xaar (XAR) are up from sub 200p less than a year ago – and are now a further more than 26.5% ahead – to 807p, capitalising the company at just over £600 million.
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