XF1
Xref Ltd Fully Paid Ord. Shrs
Software
·
Information Technology
2
comments
1
fund manager
0
past 90 days
About Xref Ltd Fully Paid Ord. Shrs
Xref Ltd is an Australian HR technology company headquartered in Sydney. Founded in 2003, it provides pre-employment recruitment checks, employee engagement surveys, and exit interview solutions. The company operates through three primary segments: the Xref Platform for enterprise and recruiter operations; the Trust Marketplace, offering ID verification, qualification, and background checks; and Xref Engage, which manages employee sentiment surveys. Xref provides scalable human capital management tools designed to streamline recruitment and retention processes for global organizations.
Commentary Volume
2
Comments
1
Fund managers
0
Past 90 days
SOURCE
ACTION
COMMENT PREVIEW
FUND MANAGER
DATE
The fund manager continues to hold Xref (XF1) after shareholders voted down the proposed Seek takeover despite board and management recommendation, with the share price retreating approximately 40% to pre-bid levels. The manager notes the half-year operating result was solid with ARR rising 76% and operating loss reduced to $2 million from $4.1 million, but acknowledges balance sheet questions remain with $5.6 million cash against $9 million debt and a $500,000 free cash outflow.
Source: Mereweather Capital Monthly Report · Published: 28 Feb 2025 · Price: ~$0.13
28 Feb 2025
MC
Mereweather Capital
No Change
Monthly Report
The manager sold their investment in Xref (XF1) because the investment thesis deteriorated following a slowdown in ARR growth after the bulk of customers converted to recurring subscriptions. The manager notes that the business continued to generate operating losses despite modest growth, and the decision was made to exit and redeploy capital to better opportunities.
Source: Mereweather Capital Monthly Report · Published: 31 Aug 2025 · Price: ~$0.19
31 Aug 2025
MC
Mereweather Capital
The manager sold their investment in Xre…
Exit
Monthly Report
§ Important Notice
The entries below are records originating from third-party statements. Thesis Tracker does not rank, recommend or endorse any fund manager, fund or security. Investment decisions should be made on the basis of the relevant Product Disclosure Statement and, where appropriate, advice from a licensed adviser.
Commentary
Sector
Information Technology
Market cap
$18M
Fund managers
1 manager
First covered
28 Feb 2025
Last updated
31 Aug 2025
Company Details
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§ Reminder
The entries above are records originating from third-party statements. Thesis Tracker does not rank, recommend or endorse any fund manager, fund or security. Investment decisions should be made on the basis of the relevant Product Disclosure Statement and, where appropriate, advice from a licensed adviser.
Frequently asked questions about Xref Ltd Fully Paid Ord. Shrs (ASX:XF1)
Frequently asked questions
Who is investing in Xref Ltd Fully Paid Ord. Shrs (ASX:XF1)?
Fund managers including Mereweather Capital have invested in Xref Ltd Fully Paid Ord. Shrs (ASX:XF1).
What is the short interest in Xref Ltd Fully Paid Ord. Shrs (ASX:XF1)?
According to ASIC filings, there is negligible or no short interest in Xref Ltd Fully Paid Ord. Shrs (ASX:XF1).
What does Xref Ltd Fully Paid Ord. Shrs (ASX:XF1) do?
Xref Ltd is an Australian HR technology company headquartered in Sydney. Founded in 2003, it provides pre-employment recruitment checks, employee engagement surveys, and exit interview solutions. The company operates through three primary segments: the Xref Platform for enterprise and recruiter operations; the Trust Marketplace, offering ID verification, qualification, and background checks; and Xref Engage, which manages employee sentiment surveys. Xref provides scalable human capital management tools designed to streamline recruitment and retention processes for global organizations.
The fund manager continues to hold Xref …