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Xaar - Four forecast upgrades this year

July 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.

  • Epic Code:
  • XAR
  • Price:
  • 784p
The shares went into orbit after Xaar put out a trading statement. This led to Xaar’s fourth profit upgrade this year, which has seen forecasts more than double : Investec now forecast 40.7p for the year to end December against original expectations of 18.2p.With half of the world’s 12,000 ceramic tile printing lines in China, and an upgrade cycle to digital that started two years ago, Xaar has never been so busy. Chief executive Ian Dinwoodie says that only 30% of the Chinese lines converted to digital so there is still much to go for as the process continues. Xaar supplies printheads to these tile printing OEMs that make the digital printing equipment (each machine needs a number of daisychained printheads dep ...

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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.

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