Announcement • Jul 08
Xpediator Announces Cancellation of the Admission to Trading of Xpediator Shares on the AIM Market, Expected to Take Effect on 10 July 2023 On 6 April 2023, the boards of Xpediator plc ("Xpediator") and DLM Bidco Limited ("Bidco") announced that they had reached agreement on the terms of a recommended cash offer by Bidco for the entire issued and to be issued ordinary share capital of Xpediator (the "Offer"). The Offer was to be effected by means of the Scheme. A circular in relation to the Scheme was published by Xpediator on 4 May 2023 (the "Scheme Document"). On 7 June 2023, the relevant Xpediator Shareholders approved the Scheme and certain matters relating to its implementation at, respectively, the Court Meeting and General Meeting. On 6 July 2023, Xpediator announced that the High Court of Justice had sanctioned the Scheme at the Court Sanction Hearing held earlier on the same date. As previously announced, dealings in Xpediator Shares were suspended with effect from 7.30 a.m. this morning, 7 July 2023. As a result of the Scheme having become Effective, share certificates in respect of Scheme Shares will cease to be valid documents of title and entitlements to Scheme Shares held in uncertificated form in CREST are being cancelled. An application has been made for the cancellation of the admission to trading of Xpediator Shares on the AIM market, which is expected to take effect at 7.00 a.m. on 10 July 2023. Announcement • Jun 23
Xpediator's Cancellation of Shares to Trading on AIM Market Expected by No Later Than 10 July 2023 As announced on 7 June 2023, Voting Scheme Shareholders voted to approve the Scheme at the Court Meeting and Xpediator Shareholders voted to approve the implementation of the Scheme and the adoption of amended articles of association for Xpediator plc (Xpediator) at the General Meeting, each held on 7 June 2023. The Offer remains subject to the satisfaction or (where capable of being waived) waiver of the other Conditions to the Offer as set out in Part III of the Scheme Document, including, amongst other things, the Court sanctioning the Scheme at the Court Sanction Hearing and the delivery of a copy of the Court Order to the Registrar of Companies. Subject to the matters referred to below, it is the current intention of the Company to seek the Court's sanction of the Scheme on 6 July 2023, at a hearing to be held in The Royal Courts of Justice. Cancellation of admission of Xpediator Shares to trading on the AIM Market is expected by no later than 7.00 a.m. on 10 July 2023. Announcement • Jun 07
Xpediator Plc, Annual General Meeting, Jun 29, 2023 Xpediator Plc, Annual General Meeting, Jun 29, 2023, at 15:30 Coordinated Universal Time. Location: 700 Avenue West, Skyline 120, Great Notley, Braintree Essex United Kingdom Reported Earnings • May 24
Full year 2022 earnings released: UK£0.001 loss per share (vs UK£0.003 profit in FY 2021) Full year 2022 results: UK£0.001 loss per share (down from UK£0.003 profit in FY 2021). Revenue: UK£386.7m (up 30% from FY 2021). Net loss: UK£178.0k (down 143% from profit in FY 2021). Profit margin: 0% (down from 0.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.4% p.a. on average during the next 2 years, while revenues in the Logistics industry in Europe are expected to grow by 2.7%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • May 23
Xpediator Plc Recommends No Final Dividend for the Year 2022 Xpediator Plc announced that the Board is not recommending a final dividend to be paid to shareholders. Buying Opportunity • Mar 17
Now 20% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be UK£0.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making. Announcement • Feb 02
Xpediator Plc Provides Revenue Guidance for the Year Ended December 31, 2022 Xpediator Plc provided revenue guidance for the year ended December 31, 2022. Revenues for the twelve months to 31 December 2022 will be just below £400 million (2021: £297 million). Buying Opportunity • Jan 24
Now 20% undervalued Over the last 90 days, the stock is up 79%. The fair value is estimated to be UK£0.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making. Announcement • Dec 21
Cogel Investments Limited, funds managed by AS BaltCap and Justas Versnickas made an offer to acquire an unknown stake in Xpediator Plc (AIM:XPD) from Shaun R Godfrey, Sandu Grigore and others. Cogel Investments Limited, funds managed by AS BaltCap and Justas Versnickas made an offer to acquire an unknown stake in Xpediator Plc (AIM:XPD) from Shaun R Godfrey, Sandu Grigore and others on December 20, 2022. The offer price per share is 42 pence. Prior to this transaction, Cogel Investments held stake in Xpediator. Pursuant to this transaction, Shaun R Godfrey and Sandu Grigore have given to the consortium non-binding letters of intent to accept, or vote in favour of, a firm offer in respect of a total of 38,470,261 Xpediator shares, representing 27.1% stake. The offer is subject to the satisfaction or waiver of a number of customary pre-conditions, including satisfactory completion of due diligence, approval of Board of Xpediator, the finalization and documentation of financing for the transaction.
David Foreman, Jamie Peel, James Hornigold and Dominic King of Zeus Capital Limited acted as financial and nominated adviser to Xpediator. Price Target Changed • Nov 16
Price target decreased to UK£0.75 Down from UK£0.90, the current price target is provided by 1 analyst. New target price is 206% above last closing price of UK£0.24. Stock is down 59% over the past year. The company is forecast to post a net loss per share of UK£0.0003 compared to earnings per share of UK£0.0029 last year. Announcement • Nov 03
Xpediator Plc Provides Revenue Guidance for the Nine Months Ended 30 September 2022 Xpediator Plc provided revenue guidance for the nine months ended 30 September 2022. The company confirm that the Group continues to trade well, with revenue for the nine months ended 30 September 2022 being approximately £300 million. Announcement • Sep 27
Xpediator Plc Do Not Declare an Interim Dividend for 2022 Xpediator Plc announced that given the current cash position of the Group, at present the Directors are not proposing to declare an interim dividend for 2022 (H1 2021: 0.50 pence). The Directors will consider this position later in the year. Reported Earnings • Sep 26
First half 2022 earnings released: UK£0.017 loss per share (vs UK£0.007 profit in 1H 2021) First half 2022 results: UK£0.017 loss per share (down from UK£0.007 profit in 1H 2021). Revenue: UK£189.3m (up 50% from 1H 2021). Net loss: UK£2.47m (down 366% from profit in 1H 2021). Revenue is forecast to stay flat during the next 3 years compared to a 2.6% decline forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Sep 20
Xpediator Plc to Report Q2, 2022 Results on Sep 26, 2022 Xpediator Plc announced that they will report Q2, 2022 results on Sep 26, 2022 Reported Earnings • May 19
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: UK£0.003 (down from UK£0.014 in FY 2020). Revenue: UK£296.6m (up 34% from FY 2020). Net income: UK£417.0k (down 80% from FY 2020). Profit margin: 0.1% (down from 0.9% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 90%. Over the next year, revenue is forecast to grow 1.8% compared to a 1.0% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • May 18
Xpediator Plc, Annual General Meeting, Jun 09, 2022 Xpediator Plc, Annual General Meeting, Jun 09, 2022, at 10:00 Coordinated Universal Time. Location: at 700 Avenue West, Skyline 120, Great Notley Briantree Essex United Kingdom Agenda: To consider and adopt the annual accounts of the Company for the financial year ended 31 December 2021 together with the directors' report and the auditor's report on those accounts; to consider approve the directors' remuneration report contained within the Company's annual report and accounts for the year ended 31 December 2021; to consider appoint Richard Myson as a director of the Company; to consider re-appoint Crowe U.K. LLP as auditors of the Company and to authorise the directors to determine their remuneration; and to consider declare a final dividend of 0.60 pence per ordinary share in respect of the financial year ended 31 December 2021, to be paid on 1 July 2022 to shareholders on the register of members of the Company at the close of business on 20 May 2022. Announcement • May 17
Xpediator plc Announces CFO Changes Xpediator Plc announced the return to the Company and re-appointment to the Board of Richard Myson, as Group Chief Financial Officer, commencing 1 June 2022. Mike Williamson, current CFO, will leave the Company on 31 May 2022. Richard previously served as Group CFO between 2016 and 2018, overseeing the successful IPO of the Company. He originally joined the finance team of the Group in 2004 and in 2010 became Group CFO of Delamode International Logistics Limited. Richard's roles were not limited to finance, and in 2012, Richard was appointed as Chief Executive Officer of Affinity, which remains a key division of the Group. Price Target Changed • Apr 27
Price target decreased to UK£0.75 Down from UK£0.90, the current price target is an average from 2 analysts. New target price is 124% above last closing price of UK£0.34. Stock is down 51% over the past year. The company is forecast to post earnings per share of UK£0.025 for next year compared to UK£0.0029 last year. Major Estimate Revision • Apr 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from UK£283.9m to UK£301.8m. EPS estimate fell from UK£0.03 to UK£0.03 per share. Net income forecast to grow 785% next year vs 0.5% growth forecast for Logistics industry in the United Kingdom. Consensus price target down from UK£0.90 to UK£0.75. Share price fell 12% to UK£0.40 over the past week. Price Target Changed • Apr 07
Price target decreased to UK£0.75 Down from UK£0.90, the current price target is an average from 2 analysts. New target price is 83% above last closing price of UK£0.41. Stock is down 27% over the past year. The company is forecast to post earnings per share of UK£0.025 for next year compared to UK£0.0029 last year. Reported Earnings • Apr 05
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: UK£0.003 (down from UK£0.014 in FY 2020). Revenue: UK£296.6m (up 34% from FY 2020). Net income: UK£417.0k (down 80% from FY 2020). Profit margin: 0.1% (down from 0.9% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 90%. Over the next year, revenue is expected to shrink by 4.3% compared to a 4.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Apr 04
Xpediator Proposes Final Dividend for the Year 2021 Xpediator Plc announced that final dividend proposed of 0.6 pence per share bringing the total dividend for the year 2021 to 1.1 pence per share (2020: 1.5 pence per share). Announcement • Mar 29
Xpediator Plc to Report Fiscal Year 2021 Final Results on Apr 04, 2022 Xpediator Plc announced that they will report fiscal year 2021 final results on Apr 04, 2022 Announcement • Jan 31
Xpediator plc Provides Revenue Guidance for the Twelve Months to 31 December 2021 Xpediator Plc provides revenue guidance for the Twelve months to 31 December 2021. The company has continued strongly across all three divisions and expects to deliver revenues in excess of £300 million (2020: £221 million, in line with the upgraded guidance given in June 2021. Revenue growth continued into the second half of 2021, with strong increases in Freight Forwarding revenues, the largest division of the Group, driven primarily by CEE markets, increased sea freight volumes and an uplift from UK customs clearance. Lithuania and Bulgaria are again expected to be significant contributors to the uplift in performance. Executive Departure • Dec 02
Group CEO & Director Robert William Ross has left the company During their tenure, earnings grew by 257% annually compared to the industry average of 60%. On the 22nd of November, Robert William Ross was replaced as CEO by Wim Pauwels after 1.1 years in the role. We don't have any record of a personal shareholding under Robert William's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.17 years. Under Robert William's leadership, the company delivered a total shareholder return of 134%. Executive Departure • Sep 25
Independent Non-Executive Chairman Michael Borrelli has left the company On the 22nd of September, Michael Borrelli's tenure as Independent Non-Executive Chairman ended. As of June 2021, Michael still personally held 454.47k shares (UK£357k worth at the time). Michael is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.83 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Sep 15
First half 2021 earnings released: EPS UK£0.007 (vs UK£0.002 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£126.6m (up 27% from 1H 2020). Net income: UK£930.0k (up UK£1.28m from 1H 2020). Profit margin: 0.7% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 10
Upcoming dividend of UK£0.011 per share Eligible shareholders must have bought the stock before 17 June 2021. Payment date: 06 July 2021. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (4.0%). Higher than average of industry peers (1.8%). Announcement • May 25
Xpediator plc Declares Final Dividend for the Year Ended December 31, 2020 Xpediator Plc has declared final dividend of 1.05 pence per share for the year ended December 31, 2020. The updated ex-dividend date will now be 17 June 2021 and the updated record date will now be 18 June 2021. Reported Earnings • May 18
Full year 2020 earnings released: EPS UK£0.014 (vs UK£0.006 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£221.2m (up 3.7% from FY 2019). Net income: UK£2.03m (up 151% from FY 2019). Profit margin: 0.9% (up from 0.4% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Apr 13
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£221.2m (up 3.7% from FY 2019). Net income: UK£2.03m (up 151% from FY 2019). Profit margin: 0.9% (up from 0.4% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 20
New 90-day high: UK£0.51 The company is up 104% from its price of UK£0.25 on 20 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 30
New 90-day high: UK£0.42 The company is up 85% from its price of UK£0.23 on 30 October 2020. The British market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: UK£0.38 The company is up 49% from its price of UK£0.26 on 16 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 4.0% over the same period. Announcement • Jan 01
Mircea Bandean agreed to acquire EshopWedrop Holdings from Xpediator Plc (AIM:XPD) for £0.3 million. Mircea Bandean agreed to acquire EshopWedrop Holdings from Xpediator Plc (AIM:XPD) for £0.3 million on December 31, 2020. The consideration is to be paid in equal annual instalments over the next three years which will be used to continue to grow the core business. For the year ended on December 31, 2020, EshopWedrop Holdings reported net loss of approximately £0.5 million and book value is £0.7 million. The transaction is expected to close on December 21, 2020. From transaction, Xpediator will benefit from annualised cost savings of £0.35 million. Max Hartley, Max Gould and Nick Searle of Cenkos Securities plc (AIM:CNKS) acted as financial advisor to Mircea Bandean and Xpediator Plc. Is New 90 Day High Low • Nov 24
New 90-day high: UK£0.29 The company is up 34% from its price of UK£0.22 on 25 August 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 7.0% over the same period. Announcement • Oct 06
Xpediator Plc (AIM:XPD) acquired Nidd Transport Limited for £4.6 million. Xpediator Plc (AIM:XPD) acquired Nidd Transport Limited for £4.6 million on October 6, 2020. Total consideration of £4.6 million will be funded in cash from existing resources and current cash reserves are of approximately £2.0 million. Nidd Transport reported revenue of £11.0 million, operating profit of £0.5 million and profit after tax of £0.4 million during the year ended April 30, 2020. The acquisition is expected to be immediately earnings enhancing.
Xpediator Plc (AIM:XPD) acquired Nidd Transport Limited on October 6, 2020. Announcement • Oct 02
Xpediator PLC Announces Executive Changes Xpediator PLC announced the appointment of Robert Ross as CEO of the Group. Robert, currently joint Interim CEO and CFO, will become Group CEO, effective October 1, 2020.