XF1 - Xref Limited

[yogi-in-oz]

Hi folks,

More astroanalysis, for yet another IPO .....

KSO ... listing 1804207 ... may be one to observe, in the short-term ... ???

Time cycles indicating several negative cycles, over the next few
weeks, then a positive cycle coming into play, around 14052007 ...

More later ...

happy days

paul

 

[Liquidsky2037]

Re: KSO - King Solomon Mines

Anyone watching this one ? I have been sitting on a small bundle for a while with not a lot of joy. Up from 12c to 22c in the last week or so with no news. Drilling did re-start in March so there may be some results in the pipeline.

 

[System]

On February 5th, 2016, King Solomon Mines Limited (KSO) changed its name and ASX code to Xref Limited (XF1).

 

[piggybank]

Up nearly 100% in 4 months, not bad but it is very illiquid.

Please Note - To do your own research before either buying or selling stock(s).

 

[brerwallabi]

From searching for gold to recruitment, now a HR company with US and European clients as well as a home based clientele. It has slashed its cost structure by almost 50% and sales are heading back to pre Covid levels. Well positioned to enjoy the uptake coming in employment levels here and overseas.

Over the last six months has met resistance at 22 cents and broke through late last week at the third attempt to close at 24cents on higher volume. This week has pulled back, closed today at 20cents. I believe buyers will return as the mid 20’s gave out a 50% gain for some traders.

 

[Dona Ferentes]

big jump today 31% (hat tip, the Nov monthly comp )

Xref Limited (XF1) is a

Sydney-based company that allows prospective employers to seamlessly and professionally conduct pre- employment reference checks on suitable candidates via an online candidate-referencing system.
Xref supports more than 700 organisations worldwide, including 36% of the ASX 50, and is used across 35 market sectors.

More than a year ago, talk was that " strong sales growth .. achieved in FY 2019, especially after reporting that its client acquisition costs and average revenue per account have recently aligned, means its cash flow break-even point is now on the horizon. "

Still on the horizon.

 

[brerwallabi]

A big jump today after up just over 30%.
With positive Covid vaccine news and the new year probably seeing employment levels rising Xref is well positioned with its reference and ID software and other solutions to grab an increased share of the recruitment market.
Cash flow positive very much on the horizon?

 

[brerwallabi]

I really like the words of the CEO as he talked about Xref being a big fat caterpillar and emerging as a nice lean beautiful butterfly.
Covid brought about changes in Xref workforce, no longer needing the old knock on door salesman on the ground with the vehicle and other expenses.
The company has developed a digital go to market strategy and has a presence in the USA, Europe, NZ and Australia, now with a worldwide 600 million people unemployed looking for future employment as the world returns to near normal the future looks bright for digital referencing and candidate selection.
The company has already an impressive list of clients, this will also help to drive partnership with future clients.
So really I do see the company as very cash flow positive in the near future.

 

[brerwallabi]

XF1 achieved a one year high earlier this month and has now fallen back to 36.5cents, volume has been very light the past few weeks, there is the possibility it might fall back to fill the gap between 32.5cents and 34cents. After a number of attempts to break through the low/mid 20’s it finally did break out mid November. The company has been very quiet news wise the past several months. I do believe something is brewing, well I certainly hope so as I hold.
The package it’s sells to market is well accepted by HR departments in large companies.
Based on the current strength of its notable clientele I think it will attract afar greater profitable customer base here and overseas.

 

[brerwallabi]

Quarter 2 - Sees strong sales growth and record revenue, this should fire it up again.

 

[brerwallabi]

• Revenue $2.6m up 13%
• Sales $2.7m up 18.5%
• Cash receipts from sales $2.9m up 19%
• Cash expenses $3m down 44%
• Cash balance $6.7m‍

Xref Limited (ASX:XF1), the human resources technology company, today reported a successful second quarter of trading. Group revenue was a record of $2.6 million, sales reached $2.7 million and cash receipts from sales were also strong at $2.9 million for the quarter.

New clients acquired in the quarter contributed 15% of total sales achieved. New clients in Australia included Woolworths, The Department of Education (NSW), DHL Express and Think Childcare. In the United States & Canada new clients included IRET, Cost-U-Less, Compugen Inc and Friendship Public Charter Schools. In Europe ByrneLooby, Luminate and Norwegian Air in Europe were won.

A little more interest in XF1 today recovering from a recent low of 31.5 cents to close at 36 cents.
Volume is up not hugely but the last two days being the highest for the past five weeks.
The stock had been steadily building up and had recent highs of 40 cents on expectations of it benefiting on returns to work post Covid.
The lack of news from management and the so called 2nd/3rd Covid wave has hampered its progress I feel.

www.xref.com

 

[brerwallabi]

I had high hopes for XF1, the stock seems to be under a cloud now despite sales increasing and expenses declining.
The resignation of co-founder and director Tim Griffiths for a breach of company policy has meant 30 million shares placed in escrow till March next year and seen the share price decline to 25.5cents.
The company still looks sound just wish they would put out a good story to get the share price back up.

 

[brerwallabi]

Well lo and behold we now have an investor call announced for 11.00am on the 6th April.
Hopefully it clears some air a bit and puts to bed Tim’s demise.
The call will coincide with the release of quarterly results with the expectation if Jan and Feb would good March will be even better. We wait and see.

 

[brerwallabi]

Ranked among the best in SaaS​

Xref has ranked at number 11 on G2’s list of Best ANZ Sellers for 2021. The list recognises top software providers in ANZ based on authentic, verified customer reviews.

The award is an exciting win after the recently published G2 winter report saw Xref earn nine badges, including the number #1 spot for reference checking. In 2020, G2 collected nearly a quarter of a million new software reviews. Each review has been carefully analysed to create the “Best Software” list for 2021. The reviews are independent, legitimate and unbiased.

About G2
G2, the world’s leading business solution review platform, leverages more than 1,000,000 user reviews to drive better purchasing decisions. Business professionals, buyers, investors, and analysts use the site to compare and select the best software and services based on peer reviews and synthesised social data. Every month, more than four million people visit G2’s site to gain unique insights.

 

[brerwallabi]

Excellent 3rd Qtr result from the company.

Revenue $3million up 36%
Sales $4 million up 62%
Cash Received from Sales up $3.5 million up 46%
Cash Expenses $3.5 million down 17%
Cash Balance $6.24 million

Numerous quality new customers and entry into South African market.
Company looks slim and mean, headcount down over 30% to 64 employees, tough decisions done in the month for the go forward.

 

[brerwallabi]

Sales growth continues in XF1at YTD 38%.
Expenditure cash out continues to decrease whilst cash inflows increase.
Future looks bright, looks profitable now going forward.
Has been challenging 30cents for the past few months and dropping back looks to now have cracked that barrier, looking for 40 cents on trade purchased at 29cents.

 

[brerwallabi]

Sales growth continues in XF1at YTD 38%.
Expenditure cash out continues to decrease whilst cash inflows increase.
Future looks bright, looks profitable now going forward.
Has been challenging 30cents for the past few months and dropping back looks to now have cracked that barrier, looking for 40 cents on trade purchased at 29cents.

Well I have achieved the 40 cents I was looking for woke up this at 10.30am EST to find they were going at 45cents after reaching 49. I think I will action stop at 40cents will let it run now and see where it goes.
The 4th quarter result has seen sales growth of 140%, record revenue, record cash, record profit.
Pretty sure I read somewhere that Motley Fool rated this a $100 stock for the future.

 

[brerwallabi]

Has been hovering between 44 and 46 cents for the past month apart from a day it fell to 40 cents on an ultra low volume day and bounced back the next day.
The company had been trading at over 75cents whilst not making money, the recent results have been cash positive with substantial sales increases, the client base is constantly growing with good retention.
I am awaiting and looking forward to reading the annual report which I am sure will contain more projections and good news.
I still hold the stock and am looking for further share price growth.

 

[brerwallabi]

Brilliant result from Xref first quarter sales up 126% on corresponding period last year.
New clients represented 19% of the sales.
Sales for the quarter stood at $5.4m
Surplus cash $1.2m
First quarter results in the recruitment world are traditionally the weakest so the growth is significant. The following quarters if they observe the previous quarterly growth in earlier years will enjoy further sales growth and revenue.
Share price up from 52cents to 61cents today.

 

[brerwallabi]

Not really much to report on the XF1,signed an agreement with First Advantage and Check Social to integrate their platforms obviously must be an advantage to XF1.
With the so called Great Resignation coming into play with possibly millions of people around the world rethinking their careers post Covid, XF1 is well positioned with its candidate screening and vetting to increase its revenue.
I feel earnings and profit will increase in the coming year and see the share price continuing its run.
The only hiccup may be 30million shares held in escrow until March 2022 by the disgraced and possibly disgruntled former director and cofounder Tim Griffith who resigned earlier in the year.
Griffiths share holding is approximately 16%
I continue to hold.