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So 3 potential bids turned down including recent one at £19.50. But we have to find out about it not from our Board but the opposing party. Sit this one out. XPP Board on the back foot?
This is starting to turn imo, so I’ve been adding in the belief this could quickly jump higher
Surprised nobody has mentioned this yet but A £4.5 Billion Investment Package announced by the Chancellor on Friday during a visit to ITM Powers plant in Sheffield. He had the BBC in tow.
It includes a near £1 Billion support package for Green Energy manufacturers
https://www.reuters.com/world/uk/uks-hunt-commits-45-billion-pounds-manufacturing-investment-2023-11-17/
https://twitter.com/faisalislam/status/1725565560426000539?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
https://www.linkedin.com/feed/update/urn:li:activity:7131636358187491328
https://x.com/jeremy_hunt/status/1725809279775506630?s=46&t=k9HTIc9DJ4B89UjXP3BkCw“
Enquiries:
XP Power
Gavin Griggs, Chief Executive Officer +44 (0)118 984 5515
Matt Webb, Chief Financial Officer +44 (0)118 984 5515
Citigate Dewe Rogerson
Kevin Smith/Lucy Gibbs +44 (0)207 638 9571
Griggs and Webb can go for a start, no golden handshake either, especially as shareholders have been stiffed just days before payment. Utter disgrace.
It's an utter disgrace that there's no RNS about anything that's happening here
"(Sharecast News) - Power converter solutions provider XP Power said on Friday that it has cancelled its second-quarter dividend payment following discussions with major shareholders.
Having taken account of views expressed by its major shareholders, the company has decided to cancel the second-quarter dividend of 19.0p per share, approximately £3.75m of cash expenditure, that was due to be paid to eligible shareholders on 12 October 2023.
The London-listed group said it will continue to take "all necessary internal actions" to manage its cost base and cash resources, in order to strengthen the balance sheet in the near term.
XP Power added that no further dividends will be paid in respect of the 2023 financial year but said it "recognises the importance of dividends to shareholders" and will recommence paying dividends "as soon as appropriate".
Chairman Jamie Pike said: "Notwithstanding these short-term challenges, the board believes XP has a positive longer-term outlook and we are fully focused on ensuring that the group realises its potential."
As of 0935 BST, XP shares were down 5.56% at 764.0p.
Reporting by Iain Gilbert at Sharecast.com
As at 10:35, 04 October 2023:
Total sells value: c.£3,100 (c.82% of trades)
Total buys value: c.£13,750 (c.18% of trades)
Share price movement: -7.11%
WHY?!
... for this stock? It was issued at 7am today, so should be linked.
Of course, the 47% SP drop reveals it's very bad news. I think I'm just about wiped out on this awful stock now. Thanks, XPP.
I've given up hope, I'm afraid. Now 73% down and expecting it to go lower yet.
I’m hoping this is the bottom. The sell off seems over done. Chart looks horrific.
... deeper and down ...
Utter cr*p.
From the FSTE250. No surprise - like everything else I bought about a year ago on the buy advice of Investor's Chronicle and Money Week, it's proven to be total sh*t. Now 64% down on XPP, 42% down on ABDN, 55% down on OCDO, etc.
... such a pile of cr*p? They announce a 19p dividend for September and the Sp falls 12%. Utterly sick that Money Week had this as a buy a year ago, since when it's done nothing but tank by 40%. I'm now 53% down.
... just gets sh*tter and sh*tter.