Spirax Share Discussion Threads

[philanderer] 22/11/2018 17:36

Market report..

Spirax-Sarco fell after it was downgraded to ‘equalweight’ by Morgan Stanley and had its target price cut to 6,260p over concerns over the company and fellow capital goods sector player Halma.

"While acknowledging Halma and Spirax remain two of UK engineering's top franchises, we view current valuations as unpalatable with absolute and relative multiples near 14-year highs, and downgrade both to equal-weight,” MS said.

[philanderer] 22/11/2018 10:50

Low volume but getting a right old kicking.

From almost a FTSE100 company to 4000p by the look of that chart.

[philanderer] 22/11/2018 10:02

MORGAN STANLEY CUTS SPIRAX-SARCO TO 'EQUAL-WEIGHT' ('OVERWEIGHT') - TARGET 6260 (7330) PENCE

[philanderer] 20/11/2018 18:12

Market close..

In broker action, Spirax Sarco dropped after a downgrade to 'underperform' from RBC Capital Markets, with a share price of 6,400p.

"Spirax is one of the best UK engineers in our coverage measured on past delivery, and we expect continued robust operational performance in the future. However, the relative valuation is at new highs on an over 60% P/E premium versus the peer group and as such we see more attractive opportunities elsewhere in our UK engineering coverage," said a note from RBC.

[philanderer] 20/11/2018 12:35

Engineering note from RBC..

Top Picks / Outperforms: Our positive view on sector valuation means that we have an average upside of 22% to our price targets. Top Picks are Melrose and Vesuvius. We also have Outperform ratings on Bodycote, Coats, RHI Magnesita, Rotork and Weir. Our EPS forecasts are most above consensus on Vesuvius and RHI Magnesita. On a rating basis we would note that Rotork and Bodycote stand out as names that consensus is relatively less positive on. 

Underperform ratings: Given the high level of upside we are looking for across the group, our Underperform ratings are not necessarily significant downside statements. However, Spirax-Sarco and Smiths Group have both priced in less weakness than our coverage group in the recent sell- down. Spirax is limited by a very high valuation and Smiths has rebounded recently on break-up news, but continues to struggle for operational momentum.

[philanderer] 20/11/2018 12:19

Market report:

"Spirax-Sarco Engineering, down 7.7%. After the market close on Monday, RBC cut the peristaltic pumps manufacturer to Underperform from Outperform. "

[philanderer] 20/11/2018 09:53

So it seems that RBC downgrade issued stateside yesterday is taking effect in London this morning. They must have one hell of a following.


RBC CUTS SPIRAX-SARCO TO 'UNDERPERFORM' (OUTPERFORM) - TARGET 6400 (7400) PENCE

[philanderer] 20/11/2018 09:49

Five days ago a well received trading update . Today turning to sh1te.

Beats me :-S

[philanderer] 15/11/2018 13:20

'The golden rule for successful acquisitions'


CEO Nicholas Anderson on the essence of FTSE 250 engineering firm Spirax Sarco's M&A strategy.

[philanderer] 15/11/2018 09:35

And that's what you call a good trading update 👍

[philanderer] 31/10/2018 17:37

Nice non-exec buy today.

[philanderer] 31/10/2018 14:44

Chartwise , needs to break and hold above 6570p

[philanderer] 23/10/2018 09:02

Bang , down again.

[philanderer] 18/10/2018 13:09

Spirax Sarco UK @Spirax_Sarco_UK

33 minutes ago

Come and say hello to Mark and Michael at Appetite for Engineering, they are on stand 13 in The Manufacturing Technology Centre!

[philanderer] 11/10/2018 08:55

14% correction in a couple of days is taking the pi$$

[philanderer] 10/10/2018 19:44

xd tomorrow morning for the 29p dividend

[philanderer] 04/10/2018 10:17

4th oct UBS 'neutral' tp 7100p up from 6350p

[philanderer] 02/10/2018 08:50

Spirax Sarco UK @Spirax_Sarco_UK


6 minutes ago

If you're @FDBexpo today then stop by Stand P11 to see us, and don't miss Paul Hardman's 11.30 talk on #steam and product quality!

[philanderer] 28/9/2018 13:32

Strong buying today 👍

[philanderer] 04/9/2018 19:48

Yes , looks as though there will be no changes this time around.


Fundsmith founder reveals new investment trust

Terry Smith is first out of the blocks in what promises to be a busy autumn for fund managers seeking to tap retail investors, announcing plans to raise up to £250 million in a new investment trust targeting mid-sized companies.

..Fevertree, the fast-growing fizzy drinks group, and Spirax Sarco, the pumps and valves maker, are two of the prospective investments selected by Mr Smith in a longlist of 83 from around the world. Smithson will eventually invest in 25-40 of them.

[adrunkenmarcus] 03/9/2018 16:51

Perhaps not FTSE 100 this time. But, in time....

[typo56] 03/9/2018 16:30

I don't think SPX quite makes it yet to the FTSE 100. All depends on tomorrow but would need another 5% I think to really secure.

[philanderer] 02/9/2018 22:16

Two Scottish engineering companies are in contention for promotion to the FTSE100 this week, signalling a resurgence in fortunes for the manufacturing sector.

Aberdeen-based Wood and the Glasgow headquartered Weir Group are joined on the ‘probables’ list by a third engineer, Spirax Sarco Engineering, together with insurer Hiscox and the retailer JD Sports Fashion.

[philanderer] 02/9/2018 22:16

Two Scottish engineering companies are in contention for promotion to the FTSE100 this week, signalling a resurgence in fortunes for the manufacturing sector.

Aberdeen-based Wood and the Glasgow headquartered Weir Group are joined on the ‘probables’ list by a third engineer, Spirax Sarco Engineering, together with insurer Hiscox and the retailer JD Sports Fashion.