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?
Describing itself as “one of the world's leading developers and manufacturers of critical power control components to the electronics industry”, XP Power (XPP) has issued a “trading update” including “the second quarter dividend will be paid on 12 October 2023 to all eligible shareholders, as previously announced… Operating profit for the year ended 31 December 2023 now expected to be broadly similar to last year… our customers’ outlook for 2024 and 2025 is encouraging”. What about the shares currently at 1210p, down approaching 50% then?!









