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XRF - XRF Scientific

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yeah fairly sudden exit, wonder if he has a fall out with the board?

He has been a good CEO.
 
XRF. complete the circle of ever increasing dividend
Profit up 36% dividend increase 50%

Buy and hold still alive and well
 
Any thoughts on the effect of Aus mining capex slowdown on XRF's future growth?

Obviously all mining services have been hit lately. I'd expect XRF to be able to diversify outside of mining, expand overseas and through acquisitions but I understand that it's the resource sector that has driven the majority of growth to date.

If you removed all resource expansion in Aus what is the bottom line for XRF?
 

Yeh i too would be keen to hear other members opinions of the above? I think a slowdown probably will affect them, but how much of their business is from existing mines etc? And how much comes from exploration?
 
McLovin said:
Revenue falling off a cliff, apparently.

Anyone still holding this? ROE??
Click to expand...

I got out around 32-34c when I see the miner squeezing their capital on Service companies
and this stock still holding up well ... I make a calculated bet that wont be the case so I exit.

seem my gamble pay off, looking to re-enter at a lower level.

This isn't the first time, revenue tend to fall off the cliff every so often then it bounce back
look like this thing is more cynical than I thought..so enter when revenue fall off the cliff and exit when it racking up profit seem like a way to go...reasonable safe stock if buying at the right price.

plenty of cash, steady bolt on acquisition and management seem fairly conservative
 
I never bought, but still have on my watch list. I still like them, the equipment they make is still required by established downstream mineral processing laboratories so their core business should hold up, growth will be slow with the wind down of expansions and the lack of new processing projects currently.

They also supply consumeribles such as flux for XRF fusions which is a market thats holding up better, even if companies dont upgrade to new hadware the consumeribles are still needed.

The results come off the back of a very good year previously and they had warned of the coming impact, time will tell whether they can hang on and then grow the business in the future. They do have some competitive advantage in a small market, they are very well known and highly respected with only one main competitor.

I calculate an IV of around 30c based on the EPS this year and pretty flat growth in the short term.
 
There's no real sign that this will happen but perhaps it's time for my favourite theory about XRF to play out with ALQ making a bid for one of their small, but important, suppliers?
 
I dipped my toes into XRF in August & again this month, anyone else holding? Early indications from the 2018 report indicates they're off to good start, extra $200k in the bank from just July and with customers spending on capex & their European branch almost break even.
 
I haven't run my ruler over them for a while, so I am not sure. Your post has rekindled my interest so I will have a look.
 
Strange action on no announcement today. Started out down to $0.145 but closed up at $0.16, I guess a few people getting in/out before any announcements at the AGM coming up.
 
CBerg said:
Strange action on no announcement today. Started out down to $0.145 but closed up at $0.16, I guess a few people getting in/out before any announcements at the AGM coming up.
Click to expand...

Interesting ….. I have to say that I don't like the Chart (just yet), but the signs of life near the lows are always interesting and often worth watching ….. just a bit early for me at this point Good luck with it anyway "C"
 
Had a look again, cash flow is still the problem for me. Not investible at this stage.
 
I have been having another look at XRF after being asked about it on Twitter. I chased up some more scuttlebutt from my former workmates in Labs and I am probably as positive about the business as I have ever been!

The cash flow is starting to really improve as the increased revenue starts to flow through to the bottom line. Its still not at a point where I would take a position, but its definitely on my close watch list.

My biggest concern is whether the revenue growth is substainable, fusion machines last a very long time, there is almost no organic growth for the business in Australia in the medium/long term so its very dependent on continuing global growth - and it probably has to come at the expence of other manufacturers.
 
Had a good run in the last 6 months. Here's hoping the orders have remained strong and new facilities are running well. I'm still undecided as to whether the upgraded facilities were genuine expansion or just normal cap ex required to stay competitive, but I think its been well run and acquisitions have made sense.

I think cash flow will be much improved this half given momentum in the last half and a seemingly consolidated product offering, they refreshed their machines at the right time in the cycle 5 years ago and if they see strong CF from now they would have expanded at the right time too.
 
Just not sure there is any sustainable organic growth going on, I get a nasty feeling this will be their one good year in 10.
 
My holdings started out green today before you 2 started gas bagging. Can you keep going as I want to pick up another parcel before results for sub $0.20
 
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