Xp Power Share Discussion Threads

[daz] 06/3/2019 08:03

The new factory in Vietnam is expected to start production in Q2 and it looks like that at least some of the order book will be fulfilled from there and this would explain at least part of the H2 weighting.
Haven't looked at the normal H1/H2 split though but just read the last few interim and finals to get an idea.

[discodave4] 05/3/2019 22:12

"we expect further revenue growth in 2019 but this will be weighted to the second half of the year."Can someone tell me what exactly this means, their revenue is always greater in H2 than H1, or does it mean H1 zero growth (compared to last years H1, I.e. £93m) and all growth is in H2 (I.e. in excess of £102m). Apologies for my ignorance as trying to learn, particularly as the phrase "H2 weighting" appears to be taken as a negative and I'm not too certain why!.Thanks

[ugandalad] 05/3/2019 15:45

Broadly agree with you, Jon q123 but I don’t think the debt figure is so risky better than issue stock to cover the purchase given the nil debt position at the time. Hopefully their strong cash generation will limit your worries.

[valhamos] 05/3/2019 15:43

To be honest I'd be glad if they were forced by the debt to take a breather from acquisitions. I think they need to demonstrate they are getting good returns on the additional capital deployed on the recent acquisitions. Because of the hopefully temporary weakness in the semiconductor sector, the Glassman acquisition may take longer in that respect. Also they should have enough on their plate getting the second Vietnam plant up and fully operational.

[jon123] 05/3/2019 15:32

happy to hold even though i topped up twice at around the 3200 mark if it goes down too 1800 which i think is support i'll be adding more if not just hold n collect the dividends

the only thing i don't like is the amount of debt they have taken on and which will limit there ability to do any further bolt on acquisitions so to me thats the only down side

[johnroger] 05/3/2019 12:03

"The compound average growth rate of our dividend has been 15% over the last ten
years, demonstrating the Board's commitment to our progressive dividend
policy."

Outstanding!

[mfhmfh] 05/3/2019 09:38

high volume today

[valhamos] 05/3/2019 08:49

Supply issues leading to higher costs and inventory along with weaker demand from the semiconductor equipment sector have not helped H2. Still a quality company so it is a long term hold for me; the outlook is positive. Full benefits of the last acquisition still to come through along with the second plant in Vietnam coming on stream in Q2.

[sogoesit] 05/3/2019 08:49

Yep, different people can take 180degree different positions on the same numbers!!

In the global context looks pretty good to me; a reason to continue to accumulate on a TTM P/E of 12 to 13 on underlying EPS growth of around 20% and, increased dividends.

[fozzie] 05/3/2019 08:28

We must be looking at different shares. Revenue up 17%, new order intake up 8%, Gross margin up 80 bps, PBT up 17%, and just for good measure the dividend is up 9% for the year.'We are encouraged by our start to 2019 in terms of order intake & our healthy order book' 'We expect further revenue growth in 2019 but this will be weighted to the second half of the year' Given the superb management here over the last 19 years i will give them the benefit of the doubt on that last comment, just a heads up from the bod. I hold and have done since early 2001.

[penpont] 05/3/2019 08:13

Edison interview with Duncan Penny/ Gavin Griggs:

[sspurt] 05/3/2019 07:56

"The new financial year has begun against a background of ongoing macroeconomic
uncertainty. While we are not immune from the impact of external events, we are
encouraged by our start to 2019 in terms of order intake and our healthy order
book. On this basis, and with the benefit of the Glassman acquisition, we
expect further revenue growth in 2019 but this will be weighted to the second
half of the year."

hmmm...

[napoleon 14th] 01/3/2019 18:45

Out of here. SP's moves are bad forebodings before results.

[mortimer7] 08/2/2019 16:27

Finally got round to buying in today. Had on watch list for ages.

[essentialinvestor] 25/1/2019 00:35

Intel down nearly 7% after-hours on Q1 guidance.

[mfhmfh] 25/1/2019 00:03

NT has bought some xpp

[sogoesit] 15/1/2019 11:54

Today Peel Hunt - Retains - TP 2850.

SOX is down about 11% over 6 months but up 2.75% since 17 December (1 month).

Some have been hit harder than others; my NVDA taking a whacking; 40% down.

[wilmdav] 14/1/2019 13:30

My thoughts entirely.

[valhamos] 14/1/2019 08:11

In-line trading statement. Orders have slowed but we knew that anyway and it's all in the price. I expect this is just a blip and orders growth to resume.

[killieboy] 06/1/2019 16:46

Thanks jon - seems a little steep!

[jon123] 06/1/2019 15:29

yeah that's the normal spread you may get inside that at times

[killieboy] 06/1/2019 15:19

Has this one always suffered a spread of around 3% ?