14p eps adjusted in H1 - better than half the years forecast in their weakest half - 10% divi hike paying 6% here. 14p for the year by the look of it :-)
TNI up nice on broker note yesterday with a 180p target
Interims are well ahead of our expectations, which have risen materially since the beginning of the year (c.50%), as a result of recovering end markets and market share gains - weighted towards larger customers. We upgrade our FY10E and FY11E EPS estimates by 11.5% and 15% respectively, but believe the risk remains to the upside. We remain Buyers, new PT of 900p......
The shares have risen 200% in the last 12 months. Despite this, we believe there is more to come as the company continues to win market share with existing and new 'blue chip' customers. On our forecasts, XP Power trades on a CY11E PER of 9.5x vs. the UK Electronics and Electricals sector on 13x. We continue to believe the average PER is appropriate, hence our 900p price target
Not a bad day today really. FOUR came good, good buying at the close too. Brokers upgrade this year by 10% and 15% next year I'm told - trying to get thenote from my broker.
yep, thought the US was going to bounce yesterday but the bad news stymied it. The jobs data turned it around and sent it up today tho - did say yesterday today would be an up day if yesterday wasn't :-) Have a look at the S&P - a noce bowl made there and has to test that high point again within a month imo. If the US jobs data starts to pick up (the ISM numbers are already going positive) then that will be the signal for a break through that level and a strong rally to year end imo. Non Farm Pay Roll Friday - a good number and it's a big rally imo - must get a good job number soon imo, they can't keep growing earnings without more jobs imo - although if they do then earnings growth will be even stronger :-) . Jobs would really boost confidence out there tho.
From Investc re XPP:
ReplyDeleteInterims are well ahead of our expectations, which have risen materially since
the beginning of the year (c.50%), as a result of recovering end markets and
market share gains - weighted towards larger customers. We upgrade our
FY10E and FY11E EPS estimates by 11.5% and 15% respectively, but believe
the risk remains to the upside. We remain Buyers, new PT of 900p......
The shares have risen 200% in the last 12 months. Despite this, we believe there
is more to come as the company continues to win market share with existing and
new 'blue chip' customers. On our forecasts, XP Power trades on a CY11E PER
of 9.5x vs. the UK Electronics and Electricals sector on 13x. We continue to
believe the average PER is appropriate, hence our 900p price target
Not a bad day today really. FOUR came good, good buying at the close too. Brokers upgrade this year by 10% and 15% next year I'm told - trying to get thenote from my broker.
ReplyDeleteVLX gained more too, TNI was also a riser.
YULC and TTG were my other main risers.
NSR and BBA tomorrow.
confusing day with the ftse down then up, but should lead to a eod break through 5400 soon
ReplyDeleteyep, thought the US was going to bounce yesterday but the bad news stymied it. The jobs data turned it around and sent it up today tho - did say yesterday today would be an up day if yesterday wasn't :-) Have a look at the S&P - a noce bowl made there and has to test that high point again within a month imo. If the US jobs data starts to pick up (the ISM numbers are already going positive) then that will be the signal for a break through that level and a strong rally to year end imo. Non Farm Pay Roll Friday - a good number and it's a big rally imo - must get a good job number soon imo, they can't keep growing earnings without more jobs imo - although if they do then earnings growth will be even stronger :-) . Jobs would really boost confidence out there tho.
ReplyDelete