Xp Power Share Discussion Threads

[fozzie] 29/5/2015 06:54

Looking very strong at the moment after flirting with 1400 for a few months. I hold for income and have done for 7 years but you can't beat a bit of capital growth as well. If only I could spot another XPP and this time throw the kitchen sink at it.

[thorpematt] 28/5/2015 23:58

So I've been taking a quick look back on the thread and I've only just realised to my horror that I haven't spammed it up enough with any charts!

For me I've been invested here for fundamentals (e.g strong historic ROCE etc), BUT the chart has been showing an obvious £16 pivot point for some time and thus the recent breakout from that range is significant.


free stock charts from uk.advfn.com


FWIW (not much) my fair value calculation is some way off still so target is at least the previous record high.

[nspal] 18/5/2015 11:32

Thank you Thorpematt. Time will tell, but for now after a scan of the Annual Report and relevant RNS I too feel they are doing the right things and doing those things in the right way.

[thorpematt] 17/5/2015 11:05

nspal,
It's a fair point. Continuing rises in inventory is a red flag for reasons you know doubt understand. However I'm not concerned when I see a one year on year rise in isolation. I think 2009 had a relatively large comparitive (% of balance sheet) level also. This in some respects was a pre-curser to falling revenues but we have a positive trading statement of late and thus I don't thin we should add 2+2 together on this one and think we have a repeat of 2008.

Also bear in mind XPP has increased its own product mix the last few years and expanded factory capacity into an additional country - both factors in inventory requirements and logistical changes.

Most important to consider for me is the issues suffered at PIC a couple of years ago when one of their supplier (western digital I THINK) had an issue with delivery of hard drives. This really messed with PICs ability to deliver their own product (set-top boxes) and thus revenues were hit heavy. )so was the stock price).

If you view guidance from XPP management you will see in the risks section, that holding important items of stock at high level is a deliberate strategy.

At this point one of my key drivers for holding XPP is that historically management has done a good job.

I hope this helps?

[nspal] 17/5/2015 10:38

XPP have been on my radar since 2009 and they tick many boxes. However, the 23.5% rise in inventories from £20.4m to £25.2m 2013-2014 doesn't look a very positive sign to me. Have I missed something?

[wiwaxy] 13/5/2015 22:59

Great sign - new 12 month closing high....

[thorpematt] 11/5/2015 14:04

robow, thanks for posting that. I'd agree with that summary.

Not sure if we have a positive chart forming here? Looks like it...

[cockneyrebel] 13/4/2015 18:52

A muted reaction but a positive chart longer term imo fozzie:


free stock charts from uk.advfn.com


All imo

CR

[fozzie] 13/4/2015 16:09

Well at least my divi was reinvested on a down day ;o) A disappointing reaction to a decent statement (again).

[woodcutter] 09/4/2015 15:04

yep saw that today CR looks pretty positive imv.

bought some ZYT too today, an old favourite.

been buying HTY as well

I added XPP again yesterday, while the spread was small, which seems to have been fortuitous. Strong business, i have been buying on the dips for a while now and built a decent holding. Liquidity may become a selling issue but at some point many moons from now...... sell into strength i guess.

also a prime takeover target if you ask me.

aimho

woody

[cockneyrebel] 09/4/2015 10:40

From Victrex today:

"The first half performance reflects a continuing positive contribution from Consumer Electronics"

CR

[fozzie] 08/4/2015 16:56

Apologies, i didn't read down far enough, it's April 9th (tomorrow) followed by Q1 interim trading statement on April 10th. A bit cheesed off with this slide back down to the 1400 area but i'm here for the divi as much as the capital gain.

[the juggler] 08/4/2015 16:55

Tomorrow fozzie, 22p dividend per share.

[fozzie] 08/4/2015 16:52

When is the fourth qtr dividend 2014 or final dividend announced on Feb 23 paid? I have looked but cant find the date anywhere.

[cockneyrebel] 05/3/2015 13:40

Agree Thorpematt.

I hold a chart of stocks and monitor them as a group rather than singularly - you can see the trends more easily. Electronics co's bottomed out and turning up imo - from that chart.

All imo.

CR

[thorpematt] 05/3/2015 13:36

CR,
Good to hear that sir.

Yes low copper price will assist to some extent I suspect.

Lowered operating costs have been a focus of late here which will be massively assisted by new factory ramping up production and of course cap-ex spent there can now be funneled elsewhere.

I think that even with flat sales profits will hike significantly but of course a recovery in global economics may well see sales pick up too.

[cockneyrebel] 05/3/2015 12:39

I've been looking at these Thorpematt and look decent value here I suspect. Falling copper price helps most of these co's imo.

XD next week (March 12) so will buy before then if I do.

TTG, VLX, PFL etc might all start sounding more positive going fwd with cheaper copper imo, which will help the sector imo

All imo

CR

[thorpematt] 05/3/2015 12:31

Most analysts targeting £18 ish as fair value. My calculation is nearer £17 since I have applied a modest growth profile.

Yield at 4% of course so a nice hold with good yield and modest capital growth IMO.

[woodcutter] 02/3/2015 12:01

been on hols, decent results whilst away. tucked away in the bottom draw now.

thanks for research note TM

woody

[tudes100] 26/2/2015 00:09

Thanks for posting TM

[the juggler] 25/2/2015 16:16

Thanks Thorpematt it was an interesting read, particularly in regard to the US market. Holding on here as ever!

[thorpematt] 25/2/2015 13:04

of interest perhaps?

[the juggler] 23/2/2015 12:27

Losos I agree!