Xp Power Share Discussion Threads

[thorpematt] 07/10/2016 08:35

Quite so. Everything on track seems to be the usual report from XPP whenever there is an updatre.

Some ecouraging indications on N.America too. Although it's not cheap on standard measures (not hugely expensive either), the growth indications coupled with the quality of the outfit and its attractiveness an an acquisition target make this very attractively priced IMO.

I do think XPP will get snapped up at some point and my exit strategy would probably revolve around waiting for that to occur. The divi is still pretty tidy and the track record of rising divi (despite the cap-ex invested) is fantastic.

[fozzie] 07/10/2016 08:06

Same old same old, class act!

[rocheberie] 06/10/2016 17:11

Q3 Trading Statement due tomorrow on 7th October 2016. Hopefully more of the normally good news

[nfs] 06/10/2016 15:18

Trading statement imminent Let's see how much fx has impacted

[johnroger] 26/9/2016 16:05

A bright spot in a sea of red

[jim208] 01/9/2016 09:12

Tipped in today's Shares Magazine edition in the "Under the Bonnet" section (pages 34 & 35), concluding that, "With XPP continuing to pay down debt and invest in its future while maintaining its quarterly dividend run rate, this looks an increasingly reliable, cash generative growth company."

[tudes100] 26/7/2016 01:07

I was hoping the market reaction might have been a little stronger to what I saw as really solid results given the macroeconomic climate but last few yrs the share price seems to have picked up in the weeks after. I doubled my holding at the end of June in the carnage so happy with the pick up since. Its a top 20 holding for me rather than top 10 but happy to accumulate more over the coming years. Really rate the management here who haven't put a foot wrong since I've been a holder.
Used to hold PRV and sold far too early, older & wiser now. Have decent holdings in a range of mid caps that don't have too much in common other than the quality of the management team - SUS, VP., TRI, TEF, XPP, KLR, etc

[woodcutter] 25/7/2016 15:45

Thorp i know we've both been here quite some time now and it may have been foolish in terms of portfolio management but from my original holding i've just kept accumulating on most of the larger dips over the last three years consolidation phase, taking the divi's in the process. Given the illiquidity this may not be the most sensible approach but the management have never let us down and I'd continue to add if we saw a significant recession and share price falls.

My longer term view/hope is at some point XPP will get acquired at a significant premium, at least that way i won't have worry about how to dispose of my holding.

woody

off topic.
I've been in and out of ZTF too over the years but I am beginning to take the same approach there as well, similarly PRV

[thorpematt] 25/7/2016 14:48

Yes, continuing to deliver.

I had perceived that recently the value presented by the share price was worthy of an increased position. I failed to load up as I should really. I hold an "average" size position for my portfolio but it should have been a large position by now and for that I am kicking myself a tad.

[woodcutter] 25/7/2016 12:18

great update and great business. heavily invested now.

woody

[losos] 25/7/2016 11:15

deanowls - yes, good report, as I said a while back, the weak pound should help their currency movements. The report cautions that the pound may not stay weak but I can't see anything changing for at least the next year.

[deanowls] 25/7/2016 08:22

Good update this morning, everything tracking upwards.

[losos] 07/7/2016 13:35

THORPEMATT - "under the radar is just fine"

Agree, XP is (In my opinion) not likely to loose out too much from Brexit, many of their customers pay in dollars or euros, if they are clever, their currency transfers should enhance results.

No one knows where the pound might level out but it seems certain to go a bit lower this year and maybe next year as well.

[thorpematt] 18/5/2016 09:13

Yep we don't want too many posts or excitment. Just under the radar is just fine :-)

[johnroger] 17/5/2016 13:13

A month without a post and the price moves steadily up.

[tudes100] 18/4/2016 00:33

Richard Beddard ( Money Observer)
XP Power's (XPP) results confirm the business's decade-long transformation. In the year to December 2015, XP Power earned 9% more revenue and 4% more profit than it did in 2014, although much of the improvement was due to currency fluctuations.

Weak growth in its biggest market, the US, was compensated for by strong growth in Asia and Europe. It anticipates revenue growth in 2016. The company has also increased borrowings modestly to make two small acquisitions.

XP, which has an enterprise value of over £300 million, acquired EMCO for £7 million. It says the opportunity to sell EMCO's products through its presumably much larger sales operation makes the acquisition a significant growth opportunity.

US-based EMCO manufactures high voltage DC (direct current) power supplies.

It's a new niche for XP, which specialises in power adaptors that convert mains AC (alternating current) to DC for the same markets. The second acquisition was a 51% stake in a South Korean distributor. It customises power supplies, including XP's, for equipment manufacturers.

A share price of 1,606p values the enterprise at £324 million, about 16 times adjusted profit. The earnings yield is 6%. XP trades on a fairly full valuation, but the company has changed the way it does business over more than a decade.

Originally a distributor, today it designs and manufactures the majority of its products. Customers, who commit to including XP adapters in their products for many years, seem to like those products better. The result is high returns on capital and strong cash flow.

[nimrod22] 11/4/2016 22:13

I stand corrected re AIM, hadn't drunk my coffee!

[thorpematt] 11/4/2016 21:19

The usual excellent deilvery on promises.

Nevertheless it may react higher because I thought that was a muted response.

Stalwart territory almost not one to put in the annual stockchallenge perhaps? BUT yield and steadiness are not the whole story. Surely a buy out target. The sector has many deep-pocket giants whilst XPP's expertise, structure and specialist market-place, ripe for consolidation and expansion makes it a very desireable aqcuisition (IMO).

I am more than happy to hold this for several years. Not the cheapest but certainly not over-priced and certainly a quality outfit.

[cockerhoop] 11/4/2016 09:59

It's not Aim, it's fully listed.

[nimrod22] 11/4/2016 09:42

A very steady company, no great excitement, plus you're unlikely to lose big time as may happen with other AIM companies.

[tudes100] 11/4/2016 08:16

solid update, would like some more but suspect I might have to wait until we get some summer market sogginess.

[fozzie] 11/4/2016 08:10

I've lost count of how many positive trading statements the company have released over the years and yet another one this morning. Wonderful yield for long termers, am I being a little greedy in hoping for a higher share price as well? Doesn't appear to want to move through £17 and seems range bound for now.

[tudes100] 08/3/2016 11:24

No problem CH, first time I'd seen the management team interviewed, liked what I saw. They come across as modest & competent, my favourite combination.