Spirax Share Discussion Threads

[philanderer] 31/8/2018 08:35

'Rightmove set for FTSE relegation on property dip'

Slowing house price growth has weighed on property search engine, while engineering groups are on the rise.

....Engineering companies dominate the candidates for promotion to the UK’s main index. At the top of the list is Spirax Sarco Engineering (SPX), which makes steam management systems.

It recently increased its dividend by 14% to 29p on the back of a 7% rise in operating profits.

The company made two ‘significant’ acquisitions last year that are ‘progressing well’, said Miah, and ‘overseas exposure means it is likely to have also benefited from the weaker pound of late’.

[philanderer] 17/8/2018 23:26

Downgraded friday by Investec from 'hold' to 'sell' saying the valuation is stretched . Target price now 6635p. Still saying SPX is a high quality growth story and low risk.

[adrunkenmarcus] 13/8/2018 07:39

I bought in March 2015 at 3267p a share, so 7265p represents a 122.4% capital gain for me plus dividends (a generous special was paid in 2015). :-)

The share price alone has grown 30% CAGR (over a short period of course!) One to hold for the long run, a company that's grown its dividend 11% CAGR over about fifty years.

[philanderer] 09/8/2018 20:45

thursday 9th august


'Share tips, comment and bids'

The Times (Tempus share tips): BUY Page Group; HOLD Spirax-Sarco Engineering.

[philanderer] 09/8/2018 17:09

Blimey at this rate we'll be looking at entry into the FTSE100 😊

[philanderer] 09/8/2018 13:17

Strong buying again, 115k traded so far today

[philanderer] 09/8/2018 09:36

Stockbroker Numis Securities has downgraded its recommendation on Spirax-Sarco Engineering PLC (LON:SPX) shares to ‘hold’ from ‘add’ following its first-half results.

FTSE 250-listed Spirax-Sarco on Wednesday reported strong growth in first-half operating profit, driven by good performances from its Stream Specialities and Watson-Marlow businesses, and said its full-year expectations remain unchanged.


Spirax-Sarco first-half profit rises despite adverse currency hit
However, broker Numis is unsure whether the company can justify its valuation and keep up its strong recent performance.

“We have no doubt that Spirax's strong, consistent long-term track record is deserving of a significant premium to the sector and believe there is upside risk to our revised estimates (H1/H2 EBITA weighting 48%/52% vs 4yr avg 43%/57%). Even so, the recent share price run has pushed Spirax to a price-earnings ratio of 27x, which means we struggle to see sufficient upside on a 12 month view to maintain our ‘add’ rating,” Numis analysts said in a note to clients.

Spirax shares, which have increased in value by more than 15% in the last year, were 2.6% up at 7,000p in mid-morning trade


proactiveinvestors.co.uk

[philanderer] 09/8/2018 09:21

sp going well after yesterday's numbers.


updated:

9th aug Goldmans neutral tp 6550p
9th aug RBC outperform tp 7400p
9th aug Barclays equal weight tp 6600p
9th aug Numis hold tp 7000p
8th aug Peel Hunt add -


8th august ++++ Half Year results ++++

[redartbmud] 03/4/2017 09:57

Looks positive to me, a nice fit.

[kirkie001] 03/4/2017 09:44

Market certainly appears to like today's acquisition... another 3% on the share price as I type.....

[kirkie001] 09/8/2016 08:57

1 year on - share price is £10 higher following the half year results earlier today.

I wish all my investments were this 'sleepy' and profitable....

[quickmind] 06/8/2015 09:56

Q&A session is missing in 2015 half year results Audiocast.

[apad] 27/1/2015 10:14

Outperforming ROR by 20% over the last year, deadly.
So you don't feel lonely :-)
apad

[deadly] 27/1/2015 08:37

I may be talking to myself, but the break out looks strong here, though for no apparent reason.

[deadly] 07/8/2014 10:06

Solid results today and divi increased. Market likes it too.
A quality company.

[tiptv1] 04/8/2014 15:19

Paul Rodriguez of ThinkTrading.com offers his insight on S&P 500 (SPX) in the Market discussion segment on TipTV - See more at:

[tiptv1] 01/8/2014 13:19

Maria Psarra, Head of Desk at JNF Capital discusses S&P 500 (SPX) - See more at:

[tiptv1] 24/7/2014 14:12

Simon Wajcenberg , CEO K1tcapital Limited gives discussion on K1TCAPITAL / Blackbox trading - Massive chart level on S&P 500 (SPX) approaching very bearish connotations if hit, using his analysis. - See more at:

[deadly] 22/7/2014 08:03

3% jump today. Any news?

[tiptv1] 07/7/2014 15:29

TipTV also talked about S&P 500 today. Watch what they said here:

[fxfister] 17/6/2014 09:45

Vol back in now that the cme contract moving forward

[redartbmud] 09/3/2014 23:02

APAD

I agree with your comments - fully valued at these levels.

red

[apad] 09/3/2014 22:38

Solid results, no debt, same share price as 6 months ago.
Fully valued at PER 22 and price to net cash flow 18.
apad