Updates

Xaar - Collecting cash as it mulls P4 opportunity

October 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Based on unrelenting demand for ceramic tile printing equipment in China, a formidable set of interims were always expected. Excluding Â£3m of revenue relating to under-reported royalties in previous years (cash finally received in August), H1 printhead sales were up 87% to Â£63.9m whilst adjusted pretax profit and eps both grew by 235% to Â£22.3m and 23.5p, respectively. The industrial division - principally this ceramic business - represented 71% of sales so our first vexed question to chief executive Ian Dinwoodie was whether there was any chance of a let up in demand from Chinese ceramic manufacturers. Dinwoodie says not really; just 40% of the 6,000 lines in China will have been converted by the end of this year, with an expe ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Dialight

Hellerman Tyton

Xaar (January 2024)

Xaar (August 2023)

Xaar - Prospects for Aquinox seem red hot (April 2023)

Xaar - FY25 will see jumpoff with 15p eps forecast (March 2023)

Xaar - Trundles towards high viscosity printhead launch in Q4 (October 2022)

Xaar (April 2022)

Xaar - Surprise profit in H2 21 (February 2022)

Xaar (October 2021)

Xaar - China strong; ceramic and glass revenue up 26% in H2 (August 2021)

Xaar - Xaar Thin film P4 printheads to launch in 2016 (September 2015)

Xaar (January 2015)

Xaar (October 2014)

Xaar (September 2014)

Xaar (August 2014)

Xaar - Head of thin film R&D puts his money where his mouth is (July 2014)

Xaar - Four forecast upgrades this year (July 2013)

Xaar - Gain to date: 132% (May 2013)

Xaar (February 2012)

Xaar (December 2011)

Xaar - P3 printhead capacity to rise from 16k units to 25k by year end (September 2011)

Xaar (August 2011)

Xaar (April 2011)

Xaar (February 2011)

Xaar - Four-fold upgrade to capacity planned (December 2010)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X