In terms of financials XPD looks almost identical to WMC...

In terms of financials XPD looks almost identical to WMC (Chinese company that designs and sells router equipment). Both have large cash reserves, growing business and relatively high margins. Main difference seems to be WMC has now paid two dividends since listing. It's at 24c today after listing at 20c almost two years ago so technically a gain for those who bought into the IPO, though I personally am sitting on a loss currently.

Reading through the XPD posts I see a lot of familiar comments from the WMC thread, particularly around the seemingly ridiculous P/E ratios both companies have.

Not sure what to say except hopefully both will rerate to something that better reflects the financial strength of their annual reports :/