Spirax Share Discussion Threads

[pugugly] 02/12/2024 06:49

If Midas says buy probably best to sell - ?? Trump risks - or have they already been dicounted?

[philanderer] 01/12/2024 00:09

MIDAS SHARE TIPS: Scorching return... steam tech pioneer Spirax Group is a hot tip


Mail on Sunday

[dudishes] 20/8/2024 06:56

Thanks W.

My bet is based on the management changes, I see talent and structural changes seems in order.

Of course, as usual, bottom fishing, sometimes works, sometimes not.

We will check again Sept yes?

BTW: Youd input was not as damning as other friends!

[waldron] 20/8/2024 05:47

Analysts' Consensus


Mean consensus
HOLD

Number of Analysts
17

Last Close Price
74.95GBP

Average target price
87.83GBP
Spread / Average Target
+17.19%

High Price Target
103.50GBP
Spread / Highest target
+38.09%

Low Price Target
70.00GBP
Spread / Lowest Target
-6.60%

[waldron] 20/8/2024 05:44

Technical analysis trends

Short Term Mid-Term Long Term

Resistance 8,262.00 9,060.00 8,950.00

Support 7,010.00 6,510.00 7,300.00

[waldron] 19/8/2024 16:49

Iain Gilbert

Sharecast News

09 Aug, 2024 11:05

Berenberg slashes target price on Spirax Group



Analysts at Berenberg slashed their target price on engineering firm Spirax Group from 9,800.0p to 8,150.0p on Friday following the group's "slightly underwhelming" set of interim results.



Berenberg said the group's downgraded guidance for 2024 and the implications for 2025 were of great importance. In addition, Spirax's interim report included some strategic updates and refinements, which, in its view, while mostly already known, included some incremental areas of focus implying to the analysts that internal operational effectiveness, geographic business exposure trends and strategic execution were worse than it had considered in its "cautious initiation note" earlier in the year.

Berenbeg, which reiterated its 'hold' rating on the stock, said the challenges confronting the business did not appear to be much closer to resolution, leaving it to remain cautious on the stock going forward.

"While we acknowledge that our earnings per share revisions probably get us closer to the bottom for this cyclical low, with improvements in semiconductor and biopharm to play out on a 12-month view, our concern from our initiation remains: that the business faces strategic and operational challenges that have not been fully appreciated by consensus, or at least have been confirmed at the results by management as being of a magnitude that we had not envisaged, perhaps exacerbated by the incremental cyclical slowdown in both China and the US," said Berenberg.

"With a lot to work through for management, valuation at 27.1x 2024E P/E and 19.9x EV/EBIT remains a barrier to our becoming more positive considering the current returns profile and extended time frame for recovery."

Reporting by Iain Gilbert at Sharecast.com

[waldron] 19/8/2024 16:37

CLOSING share price 7495p

surely we will soon see an up trend

[waldron] 19/8/2024 16:35

Peel Hunt cuts Spirax to 'hold' (add) - price target 8,300 (10,000) pence

[kirkie001] 09/8/2024 15:40

Having been a previous holder here (I think I originally bought somewhere about this level and sold at £125).....

.....At what point does this become a buy candidate? Obviously H1 results were below expectations, but management is attempting to talk up H2.

Other problem I've seen here is that ROCE (which was originally well above average) has been on a consistently downwards trend for the last 5 years.

Thoughts? (And any broker views, if anyone has seen?)

[adrunkenmarcus] 19/10/2023 08:46

SPX has derated so the p/e is less than when I bought in 2015. The underlying business is strong, though, and my total return still beat a world tracker last time I checked recently.

[r9505571] 19/10/2023 08:38

Shore Capital now rates this as a 'sell'

[philanderer] 14/7/2023 09:44

(Sharecast News) - UBS upgraded Spirax-Sarco Engineering on Friday to 'buy' from 'neutral' and lifted the price target to 12,400p from 11,560p, citing an attractive entry point.

"We now see the shares as presenting an attractive entry point, having de-risked our FY23e estimates and updated our views on the drivers of growth ahead of IP from next year," it said.

[rech] 05/10/2022 17:49

@ gustavfenk

I wondered whether Durex had invented some kind of willy warmer for ultra high critical occasions in the Antarctic, or perhaps just in my uninsulated mansion during winter.

Anyway I recall that the rubber johnnies were made by ? SSL International, who I think were delisted a few years ago.

[redartbmud] 28/9/2022 09:48

gustav

Different outfit. this one looks like a promising long term acquisition.

red

[gustavfenk] 28/9/2022 09:43

"Spirax-Sarco Engineering plc, the thermal energy management and niche pumping specialist, announces that it has entered into a definitive agreement to acquire Durex International Corporation (Durex), a privately-owned US based specialist in custom electric thermal solutions for ultra-high criticality industrial equipment."Durex? I thought that they made rubber johnnies.

[suetballs] 28/7/2022 16:55

Looking a bit better here.
Long may it continue.
Suet

[adrunkenmarcus] 23/5/2022 10:43

I hope there is a reasonable outcome for the workers. Any company does need to keep an eye on the bottom line, though, and ensure operations are economically viable.

[suetballs] 23/5/2022 10:39

Re loss making facility in France - now consulting with the French trade unions.
Good luck with that - fortunately only 61 colleagues involved.
Suet

[w1lbur01] 06/5/2022 08:16

Results next week Wednesday I think

[fuji99] 11/3/2022 10:50

I wonder how much business they have in Russia in which they also operate ?

[adrunkenmarcus] 10/3/2022 16:50

I have about 9% of my dividend growth portfolio and about 15% of my SIPP in Spirax. Highly exposed but well worth it!

[redartbmud] 10/3/2022 10:36

Agreed.

Q&A on webcast well worth listening to.
Top end spec Rolls Royce of a business.