Stelrad Share Discussion Threads

[louie2010] 07/3/2024 06:32

How much did you start with out of interest or what is your trading position going forward.

[mach100] 22/12/2023 12:10

Pretty quiet here and these are usually the best shares. Took a maiden position at 117p to see what emerges. Lot of debt after the IPO is my concern but seems to be a market leader. Also new builds stalling but perhaps the new heater will propel sales.

[papillon] 15/8/2023 17:30

Definitely a lousy tip, km18. 😂

[km18] 14/3/2022 13:42

Stelrad Group plc, a leading specialist manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey, announced its FY21 numbers this morning. The business recorded good progress across all territories, overall revenue grew 38.5% to £272.3m. Statutory operating profit was up 36%, statutory profit and EPS up 68.5% to £14.7m and 121.51p respectively. The business listed in November 2021 and announced its maiden dividend of 0.96p per share. Valuation looks pretty reasonable with forward PE ratio and PS ratio top third for the Machinery, Equipment & Components market. The balance sheet is also strengthening with net debt down to £40.9m. Healthy profitability ratios have been enhanced by further production transfers to the low-cost Turkish facility. The outlook also looks optimistic with trading since the period end broadly in line with management expectations and the Group well placed to build on the strong momentum generated in 2021. BUY....

...from WealthOracleAM

[slicethepie] 25/2/2022 11:18

Further conversation with my mate revealed their 10 year guarantee is not worth the paper it is written on. They claimed it was his fault despite the 4 yr old radiator being the newest in his house by 10 years. He would never buy a Stelrad radiator again ! He even had to arrange at his own cost the transport to one of their distributors.

[slicethepie] 09/2/2022 12:08

I share your concerns and a mate of mine just had an extremely poor response to a product failure which is always the sign of a company not focusing on the customer and relying on market trends to pull them along.

[robsy2] 09/2/2022 10:17

....and I'm out. I have become concerned about inflation and how it could hit this business. They consume a lot of steel and that has shot up , so has energy which I guess they use a lot of as well , then there is general inflation and a possible consumer squeeze and how that might demand for new radiators and / or the companies ability to pass on higher input costs onto consumers.
Too many hazards for me so I am out.

[robsy2] 19/1/2022 08:08

Thanks Philanderer.
This all makes sense to me. Useful 4% divi coming down the line. Company seems to be at the top of its game, good pedigree and appear to be able to manage the rising steel prices well enough,low cost manufacturing base in Turkey that benefits frm Turkish currency woes. I'm in at 219p.

[philanderer] 16/1/2022 00:59

MIDAS SHARE TIPS: You'll warm to investing in trendy radiators with Stelrad - a company with a history stretching back to the 1930s

[hedgehog 100] 10/11/2021 14:42

Current share price 10th. November 2021: 228p
Market capitalisation: £290.36M.


"Keeping Europe warm"

"Stelrad is a leading specialist manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey, selling an extensive range of standard and premium steel panel radiators, low surface temperature radiators, towel warmers, decorative steel tubular radiators and other steel “column” radiators."




05/11/2021 07:00 UK Regulatory (RNS & others) Stelrad Group PLC Announcement of Offer Price LSE:SRAD Stelrad Group Plc

"Offer Price set at 215 pence per Ordinary Share

Following the confirmation of intention to float announcement on 14 October 2021, the Company today announces the successful pricing of its initial public offering (the "IPO" or the "Offer") at 215 pence per Ordinary Share (the "Offer Price"). Based on the Offer Price, the Company's total market capitalisation at the commencement of conditional dealings on the main market of the London Stock Exchange will be approximately GBP274 million.

Trevor Harvey, Chief Executive of Stelrad, commented:

"Today is a momentous day for Stelrad as we begin our life as a public company and embark on the next stage of our development. I'd like to extend my sincere thanks to everyone who has helped us get to this point, most notably our invaluable and hard-working employees.

We have been encouraged by the level of support received from investors who recognise the solid foundations the business is built upon and the platform for growth we have created. Our focus remains on exploiting the breadth of organic and inorganic growth opportunities on offer, continuing to focus on further improving our extensive product offering and the strong relationships we have with major distributors and specifiers.

Alongside this, we are also excited by the supportive market backdrop and the important role we can play as the world decarbonises."

Offer highlights:

-- The Offer Price has been set at 215 pence per Ordinary Share.

-- The Company's total market capitalisation at the commencement of conditional dealings on the main market of the London Stock Exchange will be approximately GBP274 million based on the Offer Price.

-- The Offer comprises 11,627,907 new Ordinary Shares to be issued by the Company (raising gross proceeds of GBP25 million) and 32,558,130 existing Ordinary Shares to be sold by The Bregal Fund III L.P. (the "Major Shareholder") and certain members of management of the Company equating to a total offer size of approximately GBP95 million.

-- Immediately following Admission, the Company's issued share capital will be 127,352,555 Ordinary Shares.

-- Full details of the Offer will be included in the Prospectus, which is expected to be published later today and will be available on the Company's website at: hxxps://www.stelradplc.com/ipo-centre , subject to certain restrictions.

Admission and dealings:

-- Conditional dealings in the Ordinary Shares are expected to commence on the main market of the London Stock Exchange at 08:00 a.m. (London Time) on 5 November 2021 under the ticker "SRAD". Investors should note that only those who applied for and were allocated Ordinary Shares in the Offer will be able to deal in the Ordinary Shares on a conditional basis.

-- Admission to the premium listing segment of the Official List of the FCA and to trading on the main market for listed securities of the London Stock Exchange, and the commencement of unconditional dealings is expected to take place at 8.00 a.m. (London time) on 10 November 2021.

Further information:

-- It is expected that, subject to Admission and other conditions being met, the Company will in due course be considered eligible for inclusion in the FTSE UK indices."




10/11/2021 08:00 UK Regulatory (RNS & others) Stelrad Group PLC Admission to trading on the London Stock Exchange LSE:SRAD Stelrad Group Plc

"Further to the announcement on 5 November 2021 of the offer price of its initial public offering, the Company announces that its entire issued share capital, consisting of 127,352,555 Ordinary Shares, has today been admitted to the premium listing segment of the Official List of the FCA and to trading on the London Stock Exchange's Main Market for listed securities under the ticker "SRAD"."