TechMARK movers: XP Power beats expectations

Power control systems components supplier XP Power reported better than expected 2009 figures, which has led to a forecast upgrade for the current year. Revenues dipped from £69.3m to £67.3m but underlying pre-tax profits improved from £8m to £8.7m. This profit figure strips out the non-cash foreign exchange gain of £2.4m reported in 2008. The final dividend was increased from 11p a share to 12p a share. The yield on the shares is more than 5%. Edison Investment Research has upgraded its 2010 profit forecast from £9.6m to £10.5m. Recovery is expected in the healthcare and technology markets and operating expenses will be lower than originally expected. Electronic security alarms supplier Visonic remains one of the stronger performers in TechMARK even though it is leaving the London market on 5 March. Shareholders voted to delist the company on 4 February but the share price has risen sharply since then. The shares will still be traded on the Tel Aviv Stock Exchange. FTSE TechMARK - RisersNetwork Technology (NTY) 3,100.00p +14.81%Ark Therapeutics (AKT) 14.50p +7.41%NXT (NTX) 14.50p +5.45%Gresham Computing (GHT) 20.25p +5.19%Sepura (SEPU) 54.00p +4.85%XP Power (XPP) 440.00p +4.27%Visonic (VSC) 74.50p +4.20%Vislink (VLK) 23.75p +3.26%KCOM Group (KCOM) 53.50p +2.39%Oxford Biomedica (OXB) 11.25p +2.27%FTSE TechMARK - FallersCML Microsystems (CML) 39.00p -4.88%Asterand (ATD) 16.75p -4.48%Puricore (PURI) 11.25p -4.44%Oxford Instruments (OXIG) 232.00p -3.83%ProStrakan (PSK) 106.00p -3.42%Torotrak (TRK) 23.75p -3.06%Vectura Group (VEC) 64.00p -2.29%GB Group (GBG) 22.50p -2.22%Consort Medical (CSRT) 355.00p -2.07%Morse (MOR) 41.00p -1.80% Xp Power