We anticipate investors welcoming XPS’s FY26 trading update. Not only has the group confirmed it is well placed to deliver on current market expectations but the new financial year has begun well, with ongoing regulatory change supporting client engagement and potentially creating new high margin revenue opportunities. With the shares trading on 14x FY27E EPS, we believe that this dynamic, as well as other attractive characterises of the model have been overlooked by investors and reiterate our ....
