Market's view on Xeros Tech
Published on April 2024
- One stock watcher highlighted that Premier Milton Group’s ownership has increased to 7.5%.
- Another noted Amati’s acquisition of 12.8% of the company, expressing uncertainty about whether this is positive or negative given Amati’s recent performance.
- Concerns were raised regarding the company’s significant financial losses, with a reported shareholders deficit of £115,366,244 at the end of 2022, suggesting even higher current figures.
- Doubts have been expressed about the company’s financial management, accusing it of spending hundreds of millions over 10+ years without making any profit, primarily funding directors’ salaries and benefits.
- Optimism was shown regarding the company’s shift to a licensing model, citing transparency and significant intellectual property assets.
- There was mention of a successful recent fundraising which raised nearly five million, countering the expectations of those betting against the company.
- Speculation about the company’s stock potentially dropping to a penny indicating severe scepticism about its financial health.
- Comments about the effect of spread betters on companies perceived as failing, suggesting they often underestimate the potential value of intellectual property.
- It was mentioned that the company’s board estimates an addressable global market opportunity potentially yielding £40m-£50m per annum in revenue in the medium term.