Well worth having a few of these in the portfolio. Digital printing and printers is the future and Xaar with an excelent product offering and a very capable management team are well worth backing. Xaar is certainly recovering from the fall out in the dot com era and is looking financialy very strong.
More to come.
Still in. Havent been posting much lately as on summer holiday in Monte Carlo and the Internet Cafes are steaming hot here. Charges are also way too high.
I been in and out since 1996,even up to 500 during the tech boom .Can see nothing fundamentally wrong ,got out last in May 17 at 273 ,(along with most of my midcap)now feel they are oversold so there's your answer Nomad.
sorry about the news, but it does make it look better value now given that the effect on income/profit may be limited ie sales/pricing may reduce if taxes need paying (by customers) but there is not a change in core demand....or a product issue....
LONDON (AFX) - Printing company Xaar PLC said it has rejected an unsolicited approach from Danaher Inc concerning a possible cash offer of 200-220 pence per share.
Xaar said that although an offer of this size would represent a premium of 38.5-58.5 pence on yesterday's closing share price of 161.5, it was equivalent to a discount of 118-138 pence on the company's 12-month share price high of 338 pence.
Xaar highlighted it was not definite that Danaher would make an offer.
At 15.11 pm, shares in Xaar were trading at 223 pence, up 61-1/2.