Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Stating that it “typically designs power control solutions into the end products of major blue-chip OEMs”, XP Power (XPP) has announced that it has decided to cancel the second quarter dividend of 19p per share that was due to be paid next week but that “the board believes XP has a positive longer term outlook and we are fully focused on ensuring that the group realises its potential”. What of a current 6% lower share price response to 760p?
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