XRF - XRF Scientific

[Duckman#72]

Hi All

Just getting your opinions on XRF Scientific. Listed two days ago on the ASX at 20c. Been as high as 26.5c since then.

They make spectrometers, chemicals, fusion equipment, and heating technology products for the mining, oil and gas, pharmaceutical and construction industries.

As I understand it, the "jewel in the crown" is a revolutionary new way to test the grading of mineral samples that is relatively cheap and very accurate.

They are looking at going o/seas to expand this product. Dividend expected in April next year.

With the resource boom the way it is - there should be plenty of demand in it. The last foray I made into a company that made fusion equipment was Vision systems - I hope this ends up doing half as well!!!

Would be interested on what others think about the share (particularly yours YTrader - as mining seems to be your area).

Duckman

 

[Out Too Soon]

Looks interesting but as a brand new listing it will be a while before the market starts to take notice. Prob a good investment if you're very patient. I,ll be watching but I'm too impatient to get in at this stage.
I think YTs doing exams atm.

 

[LifeisShort]

There was a very good write up about this stock just after it listed. I can't remember which firm put out the note but if anyone is interested let me know and I'll retrieve it for them as I have it but archived somewhere.

 

[LifeisShort]

Strangely there is no interest in the stock. Its trading under its listing price of 20c but if forecasts are reached then at the moment its trading at a P/E of around 7. For a leader in its niche field and the biggest company of its kind here and overseas (there are 2 worthwhile competitors but are smaller than XRF) its must be stock thats still new and overlooked. Patience is probably the key but at these levels its a cheap stock. The company has made profits, stated that it intends to pay a dividend and is exposed to the mining industry....surely thats saying something. Lets hope others have a good look at this company and give their thoughts. Like I said in my previous comment I have a an excellent write for anyone who is interested.

 

[Duckman#72]

Strangely there is no interest in the stock. Its trading under its listing price of 20c but if forecasts are reached then at the moment its trading at a P/E of around 7. For a leader in its niche field and the biggest company of its kind here and overseas (there are 2 worthwhile competitors but are smaller than XRF) its must be stock thats still new and overlooked. Patience is probably the key but at these levels its a cheap stock. The company has made profits, stated that it intends to pay a dividend and is exposed to the mining industry....surely thats saying something. Lets hope others have a good look at this company and give their thoughts. Like I said in my previous comment I have a an excellent write for anyone who is interested.

I've bought for the long term. Agree with all you've said.

Can I please get a copy of your article -I might already have seen it but I'd like to have another look anyway. Thanks muchly.

Duckman

 

[LifeisShort]

Here is the write up for XRF

 

[LifeisShort]

Why is this stock sold below its issue price is beyond me. Why would anyone sell who got in at 20c is beyond me. Anyone care to come up with any answers. My guess its xmas time and people need cash. I suppose its still an unknown stock and investors get to know it will be a different story.

 

[LifeisShort]

Price has dropped to 16.5c.....Floated at 20c. According to figures in the prospectus the predicted p/e for 2007 is around 8 @ 20c. This now equates to around 6.5 at current price.....I'm not sure about anyone else but this company is seriously lacking some pr campaign as it has an excellent niche market not only here but overseas as well. Perhaps a lack of understanding by investors.....I'm batting for this baby as I like market leaders in their field and established companies with good management and of course dividends.

 

[Duckman#72]

Hi Life is Short

Has any news come to light about this share?

Very low volumes but continuing sales at around 17c and 16.5c. Would it be just impatient investors that are disappointed that SP hasn't rocketed after IPO and want out?

Cheers

Duckman

 

[LifeisShort]

The problem with this stock is that it has lack of news and lack of coverage which equals to no one really understanding the company as yet. Once people catch on to it Duckman you'll see it rising. Those buyers picking it up at these levels are doing smart business IMO. One has to have patience with this one. I'm still convinced this is a long term winner based on forecasts and growth prospects and industry its in. Unfortunately at present people are losing patience and are selling out but it won't last long. Hopefully there will be some company announcements soon reinforcing my beliefs. Every time I look at mining companies moaning about the backlog of metallurgical analysis at present think about this......its XRF that is performing these tests.....meaning that this part of the business is going great guns and they should have lots of work lined up in the metallurgical testing sector. This augurs well.

 

[GRTRADER]

I think they really need to redo their website it looks like they got a kid to do it - and thats being rude to the kid.

 

[LifeisShort]

Precisely, and promote themselves a bit more

 

[Duckman#72]

Hi All

When this first came on the market the CEO was talking about being "committed to paying a dividend in April". Has anyone heard about this and when will they be announcing this to the ASX?

No love for the stock as yet!!

Duckman

 

[LifeisShort]

Hi All

When this first came on the market the CEO was talking about being "committed to paying a dividend in April". Has anyone heard about this and when will they be announcing this to the ASX?

No love for the stock as yet!!

Duckman

No one has heard anything from ZRF since they floated really......perhaps its all just an illusion...somebody needs to teach them some pr work because I believe reading from the prospectus that they are a good company but for some reason are not putting out anything on the market.....being a new company you'd think they would try to drum up some support, do some roadshows, presentations, updates that all is going well but noghing. One just needs to have faith...but then again....faith can burn you.

I'm sticking until I hear something. Its the don't sell if there is no reasonable reason to do so (is lack of announcements a good enough reason....not in my opinion).

 

[Duckman#72]

No one has heard anything from ZRF since they floated really......perhaps its all just an illusion...somebody needs to teach them some pr work because I believe reading from the prospectus that they are a good company but for some reason are not putting out anything on the market.....being a new company you'd think they would try to drum up some support, do some roadshows, presentations, updates that all is going well but noghing. One just needs to have faith...but then again....faith can burn you.

I'm sticking until I hear something. Its the don't sell if there is no reasonable reason to do so (is lack of announcements a good enough reason....not in my opinion).

I'm with you Life. I was very impressed with the snippets of information I had read about the company. But it seems to have fallen into the black hole of the ASX.

Like you - I'll be keeping them...... but..........they need to start developing a corporate image, that's for sure.

 

[Duckman#72]

You still holding these Life?

Just continues to drop albeit on very little volume. You hear anything?

Duckman

 

[LifeisShort]

You still holding these Life?

Just continues to drop albeit on very little volume. You hear anything?

Duckman

i'm out duckman, wasn't impressed with the report and not hitting their targets outlined in the prospectus. better plays elsewhere. i still think long term could be a good play

 

[Trader Paul]

Hi folks,

XRF ..... figure this one should be strong this week, as a positive
aspect comes into play on 15-18012008 ...

have a great weekend

paul



=====

 

[ROE]

I just recently got this stock on my specs, Great potential and I time it so I can collect maiden dividend as well

 

[ROE]

surprise no one pick up this little gems
No debt, making decent money, pay high dividend compared to recent share price... but I think the Mr Market start to notice it this week