XP Power Ltd. (DI) (XPP)

Sector:

Electronic and Electrical Equipment

Index:

FTSE Small Cap

2,900.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 2,940.00
  • 52 Week Low: 1,965.00
  • Currency: UK Pounds
  • Shares Issued: 19.23m
  • Volume: 6,051
  • Market Cap: £557.81m
  • RiskGrade: 148
  • Beta: 0.42

XP Power maintains guidance as semiconductor equipment market flounders

By Josh White

Date: Thursday 10 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Power control components manufacturer XP Power reported a 4% improvement in third quarter orders at constant currency on Thursday, to £55.9m, but said its year-to-date orders were down 3% at constant currency to £156.5m.
The London-listed company reported a 1% fall in both the third quarter and year-to-date revenues at constant currency, to £53.8m and £152.7m respectively, although at actual currency both measures were ahead 2% and 5% year-on-year.

Its book-to-bill ratio for the three months ended 30 September was 1.04, compared to 0.98 a year ago, while for the year-to-date it slipped to 1.02 from 1.05.

Net debt as at period end was £50m, narrowing from £50.4m on 30 June.

The board said a dividend for the third quarter of 20p per share would be paid on 13 January, to shareholders on the register as at 13 December.

That would bring the total dividend for the first three quarters of 2019 to 55p per share, up 6% year-on-year.

"Order intake in our healthcare, industrial and technology markets remains robust, but as expected, there has been no notable recovery in the end markets for semiconductor equipment manufacturing, which represented 18% of revenues in the first half of 2019," the board said of XP Power's outlook.

"With the third quarter book-to-bill ratio at 1.04, the board anticipates the group's performance for the full year will be in line with its current expectations as outlined at the time of its interim results on 1 August."

XP Power said it would issue a trading update for the year ended 31 December on 13 January.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

XPP Market Data

Currency UK Pounds
Share Price 2,900.00p
Change Today -10.00p
% Change -0.34 %
52 Week High 2,940.00
52 Week Low 1,965.00
Volume 6,051
Shares Issued 19.23m
Market Cap £557.81m
Beta 0.42
RiskGrade 148

XPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.59% above the market average38.59% above the market average38.59% above the market average38.59% above the market average38.59% above the market average
57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average
Price Trend
62.53% above the market average62.53% above the market average62.53% above the market average62.53% above the market average62.53% above the market average
35.00% above the sector average35.00% above the sector average35.00% above the sector average35.00% above the sector average35.00% above the sector average
Income
80.44% above the market average80.44% above the market average80.44% above the market average80.44% above the market average80.44% above the market average
54.55% above the sector average54.55% above the sector average54.55% above the sector average54.55% above the sector average54.55% above the sector average
Growth
8.88% below the market average8.88% below the market average8.88% below the market average8.88% below the market average8.88% below the market average
73.68% above the sector average73.68% above the sector average73.68% above the sector average73.68% above the sector average73.68% above the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

XPP Dividends

  Latest Previous
  Q3 Q2
Ex-Div 12-Dec-19 12-Sep-19
Paid 13-Jan-20 10-Oct-19
Amount 20.00p 18.00p

Trades for 06-Dec-2019

Time Volume / Share Price
16:35 635 @ 2,900.00p
16:27 38 @ 2,930.00p
16:27 4 @ 2,930.00p
16:22 4 @ 2,880.00p
16:22 28 @ 2,890.00p

XPP Key Personnel

Chair James E Peters
CEO Duncan Penny
Finance Director Jonathan Rhodes

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