XP Power – from an H2 “good order book and significant visibility” to significant profit warning (and much worse) in just 2 months!…
By Steve Moore | Monday 2 October 2023
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.
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?!
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