Proactiveinvestors United Kingdom Xpediator PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Xpediator PLC RSS feed en Sun, 19 May 2019 09:16:39 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190516100002_14076564/ Thu, 16 May 2019 10:00:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190516100002_14076564/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190515070016_14074076/ Wed, 15 May 2019 07:00:16 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190515070016_14074076/ <![CDATA[RNS press release - Posting of Annual Report and Notice of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190510070002_14068983/ Fri, 10 May 2019 07:00:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190510070002_14068983/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190507070009_14063680/ Tue, 07 May 2019 07:00:09 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190507070009_14063680/ <![CDATA[News - Xpediator to play “critical” role in post-Brexit haulage as it targets £200mln+ sales in 2019 ]]> https://www.proactiveinvestors.co.uk/companies/news/219369/xpediator-to-play-critical-role-in-post-brexit-haulage-as-it-targets-200mln-sales-in-2019-219369.html  

What it does

Xpediator PLC (LON:XPD) is a freight management firm which helps companies, and more recently consumers, move their goods around the globe.

It joined AIM in 2017 and comprises Delamode, a freight forwarding operation set up thirty years ago by the firm’s chief executive and founder, Stephen Blyth.

It remains the group’s largest division, ahead of the Logistics and Warehousing arm, which has over 80,000 sqm of warehousing and a fast-growing pallet network franchise called Pall-Ex Romania.

Xpediator’s third division, Affinity Transport Solutions, sees the group use the purchasing power derived from a network of 1,700 hauliers operating over 12,700 trucks to buy items such as fuel cards, insurance, leasing and ferry transit.

Unlike transport companies, Xpediator’s is an asset-light model and has developed a network of partners that it uses when it requires trucks for full or part loads and groupage services.

There’s also a smaller but fast-growing division called EshopWeDrop – an online delivery business that allows consumers to take advantage of empty space in trucks to ship things bought in the UK to Lithuania or vice versa, for example.

 

How it’s doing

Xpediator confirmed at the end of April that revenue rose by 54% to £179.2mln in the year ended 31 December 2018. Pre-tax profits more than doubled to £5.6mln.

Growth was helped by two acquisitions - Import Services Logistics and Anglia Forwarding – that added 18% to turnover and brought with them facilities in Felixstowe, Heathrow and Southampton.

Freight forwarding across the Baltics and Balkans were especially strong, while the pallet franchise in Romania continues to do well.

Given the solid showing, bosses proposed a dividend of 0.84p a share, taking the total dividend for the year up to 1.26p – a 27% increase versus 2017.

 

What analysts say

“Xpediator has delivered a strong outcome for 2018. Revenues and profitability on all measures grew strongly, reflecting a combination of organic and acquisition-led growth,” said research house Equity Development.

“The outlook suggests another year of strong growth in 2019, with an emphasis on cash generation. We anticipate free cash flow of £6.6mln in 2019, rising to £6.7mln in 2020, suggesting FCF yields of above 10% in each of the forecast years.

“This high level highlights the extent which the Brexit uncertainty has hit the shares. We believe that Xpediator’s shares are markedly undervalued, currently reflecting the hefty Brexit-related discount.”

The research note concluded: “Our valuation models suggest a fair value of 78p/share, representing an uplift of ~67% compared to current levels.”

 

Blue sky

The aim is for Xpediator to become a top 25 global freight forwarder further down the line, a big step from its current value of £67mln at 50p, but chief executive Stephen Blyth says it is well within his team’s grasp.

While the seemingly never-ending Brexit drama has knocked consumer sentiment, Xpediator believes it is actually well-positioned for when the UK eventually departs.

In the recent results, bosses said its services will be “critical” for companies looking to move goods in and out of the UK post-Brexit.

That’s because it already holds Authorised Economic Operator status which will allow it to support importers and exporters in “most forecasted [Brexit] scenarios”.

Demand for its services from customers’ looking to navigate increased red tape and customs checks should help Xpediator rack up more than £200mln in revenue this year.

Equity Development expects the top-line to hit £207.9mln in 2019, while underlying earnings (EBIT) should rise to £8.5mln.

 

What the boss says

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Tue, 30 Apr 2019 06:45:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219369/xpediator-to-play-critical-role-in-post-brexit-haulage-as-it-targets-200mln-sales-in-2019-219369.html
<![CDATA[Media files - Xpediator tipped for another year of strong growth and cash generation ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/13131/xpediator-tipped-for-another-year-of-strong-growth-and-cash-generation-13131.html Mon, 29 Apr 2019 13:45:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/13131/xpediator-tipped-for-another-year-of-strong-growth-and-cash-generation-13131.html <![CDATA[Media files - Xpediator performing 'extremely well' with sales on track to exceed £200mln ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/13127/xpediator-performing--extremely-well--with-sales-on-track-to-exceed-200mln-13127.html Mon, 29 Apr 2019 09:36:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/13127/xpediator-performing--extremely-well--with-sales-on-track-to-exceed-200mln-13127.html <![CDATA[News - Xpediator’s “critical” role in post-Brexit imports and exports to take 2019 sales past £200mln ]]> https://www.proactiveinvestors.co.uk/companies/news/219230/xpediators-critical-role-in-post-brexit-imports-and-exports-to-take-2019-sales-past-200mln-219230.html Xpediator PLC (LON:XPD) said it believes its services will be “critical” for companies looking to move goods in and out of the UK post-Brexit as the freight forwarder posted strong full-year results. sending its shares higher.

The AIM company, which organises the collection and delivery of products on a firm’s behalf, already holds Authorised Economic Operator status which will allow it to support importers and exporters in “most forecasted [Brexit] scenarios”.

Demand for its services from customers’ looking to navigate increased red tape and customs checks should help Xpediator rack up more than £200mln in revenue this year.

The company confirmed on Monday (29 April) that revenue rose by 54% to £179.2mln in the year ended 31 December 2018. Pre-tax profits more than doubled to £5.6mln.

Growth was helped by two acquisitions - Import Services Logistics and Anglia Forwarding – that added 18% to turnover and brought with them facilities in Felixstowe, Heathrow and Southampton.

Freight forwarding across the Baltics and Balkans were especially strong, while the pallet franchise in Romania continues to do well.

Given the solid showing, bosses have proposed a final dividend of 0.84p a share, taking the total dividend for the year up to 1.26p – a 27% increase versus 2017.

“The business is performing extremely well, growing both organically and through acquisition,” said chief executive Stephen Blyth.

“Good cash generation during the year reflected a strong focus on working capital and increased financial disciplines.

“The group has a solid financial base with the financial headroom to support the group's future ambitions. In 2019 we are on track to exceed £200mln of sales, a near threefold increase since 2016.”

In afternoon trading, shares in Xpediator were 9.7% higher at 51p.

 -- Adds share price --

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Mon, 29 Apr 2019 07:37:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219230/xpediators-critical-role-in-post-brexit-imports-and-exports-to-take-2019-sales-past-200mln-219230.html
<![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190429070017_14054561/ Mon, 29 Apr 2019 07:00:17 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190429070017_14054561/ <![CDATA[RNS press release - Update on Intereuropa and Notice of Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190426093001_14053401/ Fri, 26 Apr 2019 09:30:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190426093001_14053401/ <![CDATA[Media files - Xpediator PLC 'poised to make some great strides forward' - CIO Michael Grange ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/12997/xpediator-plc--poised-to-make-some-great-strides-forward----cio-michael-grange-12997.html Mon, 15 Apr 2019 09:54:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/12997/xpediator-plc--poised-to-make-some-great-strides-forward----cio-michael-grange-12997.html <![CDATA[News - Xpediator jumps as it appoints commercial director of subsidiary as COO for UK Logistics ]]> https://www.proactiveinvestors.co.uk/companies/news/215683/xpediator-jumps-as-it-appoints-commercial-director-of-subsidiary-as-coo-for-uk-logistics-215683.html Xpediator PLC (LON:XPD) shares jumped in mid-morning trading Monday as it appointed Jonathan Wright, the commercial director of its subsidiary Delamode Distribution UK Ltd, as the new chief operating officer for UK Logistics.

The freight management firm said Wright had invested in Delamode back in 2014 and had overseen “significant growth in a short period” during his tenure as part-time commercial director.

WATCH: Xpediator revenues surge in 2018, readies for Brexit outcome

Prior to joining Xpediator, Wright had served as managing director at top 100 UK transportation firm Taygroup before it was bought by logistics firm Bibby Distribution in 2010.

He has also held a number of consultancy roles across the industry.

Stephen Blyth, chief executive of Xpediator, said he was confident Wright’s “drive and skillset will prove highly valuable”.

Wright said of his appointment: "Xpediator has doubled in size over the last two years and has clearly set out its stall to continue on a similar trajectory. I am therefore looking forward to working with the teams as the Group develops into one of Europe's leading industry players."

New warehouse expands capabilities in Southampton

In a separate announcement, Xpediator also said one of its subsidiaries, Regional Express, had signed a 10-year lease on a 19,289 square foot warehouse near the port of Southampton.

The firm said the new facility would “support the growth and acquisition of new e-commerce related business” for Regional, which already acts as part of a network of global business solution providers for e-commerce giant Amazon Inc (NASDAQ:AMZN).

Blyth said the warehouse would be “a further asset within the group” that could prove “additionally valuable should there be a hard Brexit”.

Shares were up 3.6% at 43.5p.

-- Adds shares price and warehouse deal details --

 

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Mon, 04 Mar 2019 07:48:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215683/xpediator-jumps-as-it-appoints-commercial-director-of-subsidiary-as-coo-for-uk-logistics-215683.html
<![CDATA[RNS press release - Senior Management Appointment ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190304070008_13988264/ Mon, 04 Mar 2019 07:00:08 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190304070008_13988264/ <![CDATA[Media files - Xpediator revenues surge in 2018, readies for Brexit outcome ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/12276/xpediator-revenues-surge-in-2018-readies-for-brexit-outcome-12276.html Tue, 19 Feb 2019 04:44:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/12276/xpediator-revenues-surge-in-2018-readies-for-brexit-outcome-12276.html <![CDATA[News - Xpediator revenues surge in 2018, readies for Brexit outcome ]]> https://www.proactiveinvestors.co.uk/companies/news/214803/xpediator-revenues-surge-in-2018-readies-for-brexit-outcome-214803.html Xpediator Plc (LON:XPD) says it can support importers and exporters in ‘most forecast scenarios’ for Brexit.

The AIM-listed freight forwarder has Authorised Economic Operator status, something it says will be critical post the 29 March deadline.

WATCH: Xpediator revenues surge in 2018, readies for Brexit outcome

Xpediator has a team working closely with transport associations and port authorities to plan ahead.

“Ultimately, the group's customers will need to understand and find solutions to continue delivering their goods,” it said.

Trading was strong in 2018 with revenues rising by 54% to £179mln helped by two acquisitions - Import Services Logistics and Anglia Forwarding – that added 18% to turnover and brought with them facilities in Felixstowe, Heathrow and Southampton.

Freight forwarding across the Baltics and Balkans were especially strong, while the pallet franchise in Romania continues to do well.

Stephen Blyth, chief executive, said: “The business is performing well, growing both organically and through acquisition where there is a good pipeline of opportunities.”

Shares rose 5% to 48.5p.

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Mon, 18 Feb 2019 09:05:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/214803/xpediator-revenues-surge-in-2018-readies-for-brexit-outcome-214803.html
<![CDATA[RNS press release - Trading Statement ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190218070006_13971927/ Mon, 18 Feb 2019 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190218070006_13971927/ <![CDATA[RNS press release - Senior Management Appointment ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190117070005_13937390/ Thu, 17 Jan 2019 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190117070005_13937390/ <![CDATA[RNS press release - Statement re Press Comment ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190116164327_13937158/ Wed, 16 Jan 2019 16:43:27 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20190116164327_13937158/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181227115207_13916737/ Thu, 27 Dec 2018 11:52:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181227115207_13916737/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181204110551_13890823/ Tue, 04 Dec 2018 11:05:51 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181204110551_13890823/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181204110029_13890814/ Tue, 04 Dec 2018 11:00:29 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181204110029_13890814/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181127070025_13881098/ Tue, 27 Nov 2018 07:00:25 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181127070025_13881098/ <![CDATA[RNS press release - Xpediator to present at Mello London ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181123113002_13878673/ Fri, 23 Nov 2018 11:30:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181123113002_13878673/ <![CDATA[Media files - Can Freight Forwarder Xpediator actually make money out of Brexit? ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/11171/can-freight-forwarder-xpediator-actually-make-money-out-of-brexit-11171.html Mon, 12 Nov 2018 11:58:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/11171/can-freight-forwarder-xpediator-actually-make-money-out-of-brexit-11171.html <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181025164040_13843039/ Thu, 25 Oct 2018 16:40:40 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181025164040_13843039/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181025163538_13843031/ Thu, 25 Oct 2018 16:35:38 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181025163538_13843031/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181019070003_13834795/ Fri, 19 Oct 2018 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20181019070003_13834795/ <![CDATA[News - Xpediator happy to be the middle man ]]> https://www.proactiveinvestors.co.uk/companies/news/207199/xpediator-happy-to-be-the-middle-man-207199.html A lot of companies have expressed concern about Brexit, but not freight management specialist, Xpediator Plc (LON:XPD)

“The UK is leaving Europe, we are not,” says Stephen Blyth, the company’s founder and chief executive.

“We are listed in the UK,” he adds “but two-thirds of our business conducted overseas.”

And whether Britain is in the EU or not, countries will continue trading with each other and people will still be sending goods from Romania and Lithuania to Germany, Spain, he adds.

WATCH: Xpediator Plc continuing to seek acquisitions with all three divisions growing well

Xpediator Group is especially strong in eastern and central Europe and from its UK base has been posting impressive numbers.

Most recently, half year sales rose by 61% to £79mln, profit before tax increased threefold to £2.2mln and the interim dividend was up by 21%.

Blyth sees little reason why more of the same cannot be delivered going forward.

Indeed, he is already aiming to become a top 25 global freight forwarder.

That’s a big step forward from the current value of £87mln at 65p, but Blyth believes its well within the Xpediator team grasp.

Xpediator joined AIM last year at 24p and comprised Delamode, a freight forwarding operation set up and run by Blyth for thirty years which is now the Group’s largest division.

The second division Logistics and Warehousing with over 80,000 sqm of warehousing and a fast-growing pallet network franchise called Pall-Ex Romania is doing well.

Blyth says volumes last month alone in Pall-Ex Romania exceeded the whole of its first year in business in 2012.

Pallet exchanges function by dividing a country or area among the members of the networks.

Members take freight they want delivered to the central exchange where it is picked up and delivered on the return trip by the firm responsible for the area the goods are going to.

Blyth says it is a very efficient way of getting palletised goods delivered when it is not worth the trip for a full lorry.

“We are a clearing house for the members,” he says.

Being the middle man is in the DNA of Xpediator Group, he quips.

Freight forwarding, for example, is a brokerage arrangement where Xpediator arranges transportation for goods from its network of offices in Europe and agents around the world.

Again, on each deal the company tries to make a margin.

Xpediator’s third division, Affinity Transport Solutions division sees the group use the purchasing power derived from a network of 1,700 hauliers operating over 12,700 trucks to buy items such as fuel cards, insurance, leasing and ferry transit.

Unlike transport companies, Xpediator’s is an asset-light model and has developed a network of partners that it uses when it requires trucks for full or part loads and groupage services.

The biggest problem is filling the truck, says Blyth.

“The most expensive thing a freight forwarder moves is air.

“You can’t make money moving air – you have to fill it [the truck].”

It was that idea that sparked another fast growing division – EshopWedrop.

Blyth describes it as an online delivery business connecting straight to consumers across borders, overlaying a B2C business over its B2B freight forwarding network.

Consumers can take advantage of empty space in trucks to ship things bought (say) in the UK to Lithuania or vice versa.

Goods are shipped to hubs in the country of origin to be transported using Delamode's freight forwarding infrastructure to a hub in the destination country.

A local courier carries out the "final mile" delivery.

Primarily based in Europe currently, Blyth sees plenty of scope to expand EshopWedrop’s activities.

Franchising discussions are ongoing, with one such agreement having just been awarded in Greece.

Acquisitions are another part of the mix.

Two this year, Southampton-based Import Services Limited and Anglia Forwarding with its Heathrow facility, further increased the presence in shipping and air freight respectively.

Import Services Limited was much the larger of the two and will cost up to £12mln.

It came with revenues of £22mln and profits of £1.8mln in 2017.

Blyth is focused on making Xpediator a top 25 of global freight forwarders and he has the incentive to get there. As his family still owns 26% of the business and seemingly not even Brexit is going to get in the way.

When Xpediator makes money it likes to pay it out to shareholders , with the third dividend to be paid since listing.

 

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Tue, 16 Oct 2018 14:36:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/207199/xpediator-happy-to-be-the-middle-man-207199.html
<![CDATA[Media files - Xpediator Plc continuing to seek acquisitions with all three divisions growing well ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/10728/xpediator-plc-continuing-to-seek-acquisitions-with-all-three-divisions-growing-well-10728.html Thu, 04 Oct 2018 10:54:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/10728/xpediator-plc-continuing-to-seek-acquisitions-with-all-three-divisions-growing-well-10728.html <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180928070011_13808036/ Fri, 28 Sep 2018 07:00:11 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180928070011_13808036/ <![CDATA[RNS press release - Half-year Report ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180924070010_13801045/ Mon, 24 Sep 2018 07:00:10 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180924070010_13801045/ <![CDATA[RNS press release - Director/PDMR Shareholding - Replacement ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180918181501_13795630/ Tue, 18 Sep 2018 18:15:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180918181501_13795630/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180917150004_13793597/ Mon, 17 Sep 2018 15:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180917150004_13793597/ <![CDATA[RNS press release - Directorate Change ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180820070005_13760537/ Mon, 20 Aug 2018 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180820070005_13760537/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180731070005_13736819/ Tue, 31 Jul 2018 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180731070005_13736819/ <![CDATA[RNS press release - Director's Dealing - Replacement ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180720154722_13726381/ Fri, 20 Jul 2018 15:47:22 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180720154722_13726381/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180716180002_13719731/ Mon, 16 Jul 2018 18:00:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180716180002_13719731/ <![CDATA[RNS press release - Completion of Acquisition and issue of shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180716070004_13718147/ Mon, 16 Jul 2018 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180716070004_13718147/ <![CDATA[RNS press release - Result of Placing ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180710070006_13711326/ Tue, 10 Jul 2018 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180710070006_13711326/ <![CDATA[News - Xpediator announces share placing to fund acquisition of warehousing business ]]> https://www.proactiveinvestors.co.uk/companies/news/200340/xpediator-announces-share-placing-to-fund-acquisition-of-warehousing-business-200340.html Xpediator Plc (LON:XPD) has announced a placing to raise funds for its acquisition of Southampton-based logistics warehousing business Import Services Limited (ISL).

The AIM-listed freight transport firm said the shares would be offered at a placing price of 70p each, an 18.6% discount to its last close price of 86p on July 6, with an aim of raising around £7mln.

The total consideration for the acquisition is £12mln, with £9mln to be paid on completion and £3mln contingent on the future results of ISL and the value of Xpediator shares on 29 May 2020.

The group said the acquisition of ISL would add approximately 40,000 square metres of warehousing, operational synergies and opportunities to cross sell its services, particularly European freight forwarding.

Stephen Blyth, Xpediator chief executive, said: "ISL shares similar characteristics to our previous transactions in that it is a well- established, profitable business which is operating in complementary but sufficiently distinct areas to add to both Xpediator's profitability and service capabilities. ISL's position within the Port of Southampton, in particular, is a significant commercial advantage upon which the enlarged Group can expand.

He added: "It is a natural fit with our business, as there is scope to combine our existing facilities in Southampton, expand our capabilities around port services and provides an opportunity to occupy a further 20k sqm of warehousing space in the future.”

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Mon, 09 Jul 2018 08:10:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/200340/xpediator-announces-share-placing-to-fund-acquisition-of-warehousing-business-200340.html
<![CDATA[RNS press release - Proposed Acquisition and Placing ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180709070004_13709599/ Mon, 09 Jul 2018 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180709070004_13709599/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180629090001_13699024/ Fri, 29 Jun 2018 09:00:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180629090001_13699024/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180628111652_13697545/ Thu, 28 Jun 2018 11:16:52 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180628111652_13697545/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180608161503_13673366/ Fri, 08 Jun 2018 16:15:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180608161503_13673366/ <![CDATA[RNS press release - Posting of Annual Report ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180608121502_13672904/ Fri, 08 Jun 2018 12:15:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180608121502_13672904/ <![CDATA[RNS press release - Acquisition ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180604070009_13664802/ Mon, 04 Jun 2018 07:00:09 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180604070009_13664802/ <![CDATA[RNS press release - Notice of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180601103001_13663593/ Fri, 01 Jun 2018 10:30:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180601103001_13663593/ <![CDATA[RNS press release - Directorate Change ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180531070007_13660755/ Thu, 31 May 2018 07:00:07 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180531070007_13660755/ <![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180515070007_13640767/ Tue, 15 May 2018 07:00:07 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180515070007_13640767/ <![CDATA[RNS press release - Initiation of Research and Presentation ]]> https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180321070008_13574761/ Wed, 21 Mar 2018 07:00:08 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15845/LSE20180321070008_13574761/