Group which reckons its “technologies revolutionise the way we make and clean our clothes, conserving water and preventing waste”, Xeros Technology (XSG) states that it is “very pleased to have signed a further contract with like-minded partners that enables us to continue bringing our technologies into the global market”. What of this and a share price currently up by more than 33% in response to 4.15p?
Another of Neil Woodford’s disastrous ‘revolutionising’ picks – this one apparently for “the way we make and clean our clothes”, Xeros Technology Group (XSG) has announced calendar year 2022 results with CEO Neil Austin stating to be “pleased to report the solid progress made by Xeros during 2022 across all key areas of the business”, though Chairman Klaas de Boer stating “overcoming adversity, with the optimism of what tomorrow may bring, must be our theme for 2023” and the shares currently down by approaching 15% to 3.75p.
Stating that its “technologies revolutionise the way we make and clean our clothes, conserving water and preventing waste”, Xeros (XSG) “is pleased to announce the signing of a further licensing agreement for its XFilter filtration technology with a global component manufacturer”. What of the shares currently up 6.5% in response towards 5p?
Xeros Technology Group (XSG) notes in a “trading update”, “positive progress by its licence partner in India, IFB with the launch of an 11kg domestic washing machine into the Indian market” and that it “continues to support IFB in the final stages of testing of a 9kg domestic machine prior to market launch, with a senior Xeros team visiting IFB in Goa in February”. So what of a current share price response down by more than 6% to 4.6p?
Arguing that its “technologies revolutionise the way we make and clean our clothes”, Xeros Technology Group (XSG) has issued an update including that IFB Industries has “confirmed that it will begin placing its new premium 11kg domestic washing machines, designed for large households and incorporating Xeros' Care technology, in its Indian retail stores by the end of this calendar year”. An “exciting milestone”?
Describing itself as “creator of technologies that reduce the impact of clothing on the planet”, Xeros Technology Group (XSG) “is pleased to advise that further to the announcement on 18 March 2022, the board has concluded its search process and Neil Austin will be appointed as Chief Executive Officer, effective 1 August”. So what from here with the shares at 36.5p?
Xeros Technology Group (XSG) states that it is pleased to announce the signature of a licencing agreement for its XFilter filtration technology with Hanning Elektro-Werke and results from testing of the domestic washing machine filtration technology. But do they merit a current more than 100% share price rise to above 70p?!
Xeros Technology Group (XSG) has announced a “launch update” including emphasising that it is “delighted with the progress made by IFB ahead of the launch later this year of the world's first domestic machine incorporating Xeros' technology”. So what of a current little changed circa 32.5p share price?...
Xeros Technology Group (XSG) is “delighted to be partnering with two domestic washing machine manufacturers” and the shares have responded slightly higher to 232.5p. So what’s the partnerships detail and valuation?…
Xeros Technology (XSG) has announced the first deployment of its ‘XOrb’ and ‘XDrum’ technology platform in the commercial laundry market – this with the largest commercial washing machine manufacturer in China, Jiangsu SeaLion Machinery Co., Ltd. Exciting stuff?, Er…
Xeros Technology (XSG) has updated commencing; “Following completion today of the placing and open offer announced on 31 October 2019 in which certain members of the board participated at a price of 1p per ordinary share, the company provides the following update regarding the holdings of the directors:” – and the shares have currently responded higher, back above 1p…
Self-styled developer of “disruptive water saving technologies”, Xeros (XSG) has announced 2018 results headlined “good progress towards licensing model”. Natch, with “disruptive” being bandied about here, Woodford’s also about (39.71% shareholding). “Good progress” then?...
Following the poor trading update last week from RM2 International (RM2) that I covered HERE, its interims were issued this morning and are largely as expected but still worth a quick look and it’s time to place your bets as to whether Mr Woodford is going to throw another $17 million in to the pot.
Nice of Tom to set me up for this one today with his preview yesterday (HERE) and, to no-one’s surprise whatsoever, Xeros Technology Group (XSG) published its interims this morning showing continued significant cash-burn and a need for another chunk of dosh from Mr Neil Woodford and his pals.
I smiled at yesterday’s announcement from Woodford Patient Capital Trust (WPCT) summarising the “summer of milestones” achieved across the portfolio as I imagine that is just buttering up the audience before the bevy of bad news hits. From my point of view, September is going to be a hellish month for Mr Woodford so welcome to ‘I-Spy Woodford’s September Hell’
Neil Woodford doesn’t have many quoted stocks in Woodford Patient Capital Trust (WPCT) but I thought I’d look at three classic picks this weekend, two of which I’ve touched on before, the third being a brand new entrant. I’ll start by catching up with the two Norwegian quoted companies in the portfolio – first up, Idex.
It’s amazing what can be done when one’s back is against the wall. For the third month running, the guys at RM2 International (RM2) have found some cash from behind the sofa and can put some money in the meter. Its RNS this morning is its most upbeat in a while although I'm not sure it will alter the long-term outcome.
I do try to be balanced from time to time and despite all his troubles, there’s been a few green shoots for Neil Woodford in relation to Woodford Patient Capital Trust (WPCT) in recent weeks, most notably with a substantial round at Atom Bank…….although much more funding is still required.
I appreciate that Steve covered the highlights HERE but it is worth providing a bit more information on yet another yapping Woodford pug as the tale is all too familiar and one that will no doubt be repeated again and again in the future.
After much digging and talking to those in the know I have managed to piece together how Neil Woodford and his team assess potential investments and have actually managed to access a transcript of a recent investment meeting that makes very “interesting” reading!
As a natural bear, I’m always interested in finding the next £200 million plus business that could lose 90% in a year a la RM2 International (RM2) this year (see question 4 of my Alternative Woodford Christmas quiz) and I didn’t have to look far for the next possibility; just a bit further down the alphabetical list of Woodford’s holdings in fact, namely Xeros Technology Group (XSG).