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XPP Xp Power Limited

1,000.00
-138.00 (-12.13%)
03 Oct 2023 - Closed
Delayed by 15 minutes

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Dividends

Announcement Date Type Currency Amount Ex-Dividend Date Record Date Payment
01/8/2023 Dividend income or Cash Dividend GBP 0.19 07/9/2023 08/9/2023 12/10/2023
13/4/2023 Dividend income or Cash Dividend GBP 0.18 15/6/2023 16/6/2023 13/7/2023
12/1/2023 Dividend income or Cash Dividend GBP 0.36 23/3/2023 24/3/2023 27/4/2023
11/10/2022 Dividend income or Cash Dividend GBP 0.21 08/12/2022 09/12/2022 18/1/2023
01/8/2022 Dividend income or Cash Dividend GBP 0.19 08/9/2022 09/9/2022 13/10/2022
14/4/2022 Dividend income or Cash Dividend GBP 0.18 16/6/2022 17/6/2022 14/7/2022
11/1/2022 Dividend income or Cash Dividend GBP 0.36 24/3/2022 25/3/2022 28/4/2022
11/10/2021 Dividend income or Cash Dividend GBP 0.21 09/12/2021 10/12/2021 17/1/2022
02/8/2021 Dividend income or Cash Dividend GBP 0.19 09/9/2021 10/9/2021 14/10/2021
13/4/2021 Dividend income or Cash Dividend GBP 0.18 17/6/2021 18/6/2021 14/7/2021
12/2/2021 Dividend income or Cash Dividend GBP 0.36 25/3/2021 26/3/2021 28/4/2021
12/10/2020 Dividend income or Cash Dividend GBP 0.20 10/12/2020 11/12/2020 15/1/2021
03/8/2020 Dividend income or Cash Dividend GBP 0.18 10/9/2020 11/9/2020 09/10/2020
03/3/2020 Dividend income or Cash Dividend GBP 0.00 26/3/2020 27/3/2020 28/4/2020
10/10/2019 Dividend income or Cash Dividend GBP 0.20 12/12/2019 13/12/2019 13/1/2020
01/8/2019 Dividend income or Cash Dividend GBP 0.18 12/9/2019 13/9/2019 10/10/2019
15/4/2019 Dividend income or Cash Dividend GBP 0.17 13/6/2019 14/6/2019 11/7/2019
05/3/2019 Dividend income or Cash Dividend GBP 0.33 21/3/2019 22/3/2019 23/4/2019
08/10/2018 Dividend income or Cash Dividend GBP 0.19 13/12/2018 14/12/2018 10/1/2019
Dividends data is taken only from official company reports.

Top Dividend Posts

Top Posts
Posted at 03/10/2023 10:02 by owenski
So, after the next divi, it's been axed and it wouldn't surprise me to see a fund raise either.
Posted at 03/10/2023 09:54 by 1knocker
I think you need to do a bit of number crunching to say whether it is or is not oversold.

Take a look at how the Synthomer price has moved over the past year, for example. It was touted as a 'cheap' stock a year ago, but the true position was merely that its price was down a lot. It is now in the throes of a rights issue and the price (adjusted) about a quarter of what it was then. Its certainly cheap, but is it good value?

My problem with the argument that this is now good value is that without any 'event' to throw it off course, we have moved from 'all on course and orders looking up for the second half' 2 months ago to 'trouble at t' mill' and unable to meet its bank covenants today. It has been for some time carrying a lot of debt, but continued to pay a substantial dividend. Re-financing is going to be expensive, whether by way of new equity issue or bank borrowing. Until we have a clear and credible plan for the way forward, I don't see how one can determine at what price the shares constitute good value.

There may be a credibility problem for some time too. The BoD has either miscalculated badly, or has closed its eyes to problems which called for action well before the company ran out of road. I don't see any fast bounce back in the share price from that, even if the balance sheet can be shored up at reasonable cost.
Posted at 02/10/2023 10:22 by valhamos
"Quality" is not a word you would associate with XPP anymore unlike the Duncan Penny days. Debt is still far too high despite promises to reduce it suggesting some of the issues are deep-rooted. A sudden postponement of customer orders from the semi-cap sector is possible in the current downturn that we are experiencing but XPP have been far too lax in cash and capital management - the dividend has been increased too much over the recent past - in the face of such a risk. Also capex/acquisitions have not generated the previously high returns on capital. Recovery and a return of confidence will take a while.
Posted at 01/8/2023 09:17 by valhamos
The recovery continues at XPP. Good revenue number but profit has some way to go to get back on track. A reduction in debt would help to reduce the finance charge (H1 2023 exceeds total FY2022) and margins are expected to improve. More to come next year with the semiconductor capital market expected to bounce back (Positive noises at XPP customer Lam Research last week) and the new plant in Malaysia coming on stream.
Posted at 13/4/2023 12:25 by valhamos
I don't think there's much issue with demand, Red. As XPP state, after the unprecedented orders in 2021 and first half of 2022 it was to be expected that customers would moderate order volumes. There's a weakness in semiconductor for a couple of quarters but is forecast to pick up again later in the year, but not a problem with the historically high current order book.
Posted at 02/9/2022 13:05 by steadyaway1
They have to cut the dividend. I'd stop it in its entirety. It would be negligent not to in this environment with the amount of debt they have, notwithstanding headroom on new facilities. Too many risks. China. Taiwan. Global recession. Litigation. Semis. I know they have a great reputation on the dividend, but the litigation isn't the run of the mill trading stuff. Yes, could impact on the share price if yield requiring funds sell, but if required to sell when a company with its track record holds of paying dividends for a year then they are living in a fantasy world, so hopefully not too many. Better cut the divi than pay fees of 5% fee on a rescue raise, if gets bad. Management need to show prudence here, and hell to the divi track record.
Posted at 25/8/2022 15:57 by mjneish
The historic dividend yield is now 4.7% (94p per share last year). The H1 dividend has been maintained. Anyone's guess as to whether the H2 dividend can also be.
Posted at 10/8/2022 20:10 by alotto
My thinking was, can a big company leverage their own supply chain better than a smaller company like xpp? Maybe big companies are better placed to guarantee continuity of supply to their customers because they can get their own supply more reliably. Maybe they can negotiate better pricing with supplier and customers. Xpp is struggling with inflation and cannot fulfill their orders. It is key they retain customers and volumes on the long term.
Posted at 10/8/2022 18:33 by valhamos
OK I understand your point but this is an industry wide problem not specific to XPP so all suppliers are in the same boat, as indeed are XPP's customers particularly in the semi equipment sector.
Posted at 01/8/2022 16:18 by mjneish
The shares still look expensive considering the uncertainties stated.

They've maintained their dividend, and the historic yield is now 3.6%. If the price goes down further, the dividend could provide some support, provided of course that the company is able to maintain it in the second half. The financials look like a maze, so that's hard to say. Net debt is sharply up.
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