Spirax Share Discussion Threads

[philanderer] 05/4/2019 17:25

And the breakout continues :-)

[philanderer] 02/4/2019 16:43

I think that's a new closing ATH .

[philanderer] 20/3/2019 09:18

Positive start so far today .

[philanderer] 10/3/2019 10:36

Spirax-Sarco justifies strong support


IC View
There are signs that global industrial activity is faltering, but management is delivering on those areas within its control. This has not gone unnoticed, so the shares are trading well in advance of JPMorgan Cazenove’s target price (based on an enterprise/trading profit multiple) and on its PE average relative to the sector. Another strong showing, but it is all in the share price. Hold.

Last IC view: Hold, 6,805p, 09 Aug 2018

[philanderer] 08/3/2019 09:51

updated:

8th march HSBC hold tp 6800p up from 6300p
8th march UBS neutral tp 7100p
7th march Peel Hunt add tp 7100p

[philanderer] 07/3/2019 12:15

'Spirax-Sarco profits rise amid strong organic growth, acquisitions'

[philanderer] 07/3/2019 12:07

7th march Peel Hunt add tp 7100p

reiterates

[philanderer] 01/3/2019 11:59

Prelims next thursday.

[philanderer] 19/2/2019 09:49

19th feb Deutsche buy tp 6570p up from 6530p... which is weird with the share price @ 6700p

and..

19th feb UBS neutral tp 7100p

reiteration

[philanderer] 18/2/2019 18:00

Investors should note that Spirax will need regulatory approval in France, Germany and the US to go ahead with the deal. These are expected to come through in the second quarter of 2019.

[philanderer] 18/2/2019 11:02

18th feb Peel Hunt add tp 7100p

reiterates

[philanderer] 18/2/2019 09:34

Spirax-Sarco Engineering was up 0.5% after the engineer said it is in exclusive talks to buy French cable maker Thermocoax Development for GBP139 million.

The FTSE 100-listed firm is in talks with Thermocoax-owners Chequers Capital, TCR Capital and other minority shareholders to buy the firm on a debt- and cash-free basis for EUR158 million.

Alliance News

[philanderer] 11/2/2019 08:48

Peel Hunt. ADD....tp 7100p. cut from 7250p

[philanderer] 14/1/2019 10:07

updated:

14th jan Morgan Stanley equal weight tp 6190p
8th jan Goldmans neutral tp 6445p
7th jan BOAmerica buy tp 7000p
3rd dec JP Morgan neutral tp 6000p
26th nov Investec hold tp 6015p
19th nov RBC Capital underperform tp 6400p


15th nov ++++ trading update ++++

[philanderer] 08/1/2019 10:13

8th jan Goldmans neutral tp 6445p cut from 6550p

[philanderer] 21/12/2018 18:15

These Dividend Growth Stocks Are About To Enter The FTSE 100. Should You Buy Them Before Christmas?


Spirax-Sarco Engineering

Spirax-Sarco Engineering has also proved its mettle as a hot income share in years gone by.

Its long-running progressive dividend policy saw the full-year payout boom 15% year-on-year in 2017, for instance, to 87p per share. Supported by an expected 14% profits hike City brokers are predicting another hefty hike this year, too, to 99.6p. And with earnings anticipated to pump 6% higher in 2019 the dividend is estimated to ring in at 107.6p per share, resulting in a handy-if-unspectacular 1.8% yield.

Spirax-Sarco, which builds pumps and other products for use in fluid and steam-powered industrial systems, has long proved to be a great earnings grower and this accounts for its premium forward P/E ratio of 22.4 times. The company’s share price jumped 6% in 2018, and whilst it’s fallen back in the wake of October’s broad-based share market sell-off the signs look good as we head into the new year.

Last month the specialist reported further organic sales growth in the four months to October thanks to “strong” performances in China and Australasia and “good” growth in The Americas, and I am confident that the growing financial might of emerging regions should underpin strong and sustained sales growth in the years ahead.

Like Hiscox, I believe that Spirax-Sarco is a great share to buy today and stuff in your Christmas stocking.

[philanderer] 11/12/2018 00:02

Spirax Sarco US@spiraxsarco_USA

It was exciting to host our Distributor partner Wolseley Industrial Group at our Blythewood, SC training center, for two and half days of training in our modern steam lab and facility!

[philanderer] 06/12/2018 10:08

We're in apparently ;-)

Market report:

In other company news, FTSE Russell said late Wednesday that Royal Mail and Just Eat will be demoted from the FTSE 100, effective December 24.

Just Eat was down 3.9% in early trade, among worst large-cap performers, while Royal Mail was down 1.1%. Shares in Royal Mail also went ex-dividend on Thursday, meaning new buyers no longer qualify for the latest payout from the postal operator. Replacing the two in the blue-chip index will be Hiscox and Spirax-Sarco Engineering, though they were faring no better, down 1.5% and 1.9% respectively early Thursday.

[philanderer] 05/12/2018 10:19

5th dec Morgan Stanley equal weight tp 6190p cut from 6260p

[philanderer] 03/12/2018 10:18

3rd dec JP Morgan neutral tp 6000p cut from 6300p

[philanderer] 28/11/2018 12:36

FTSE reshuffle .... December 5th

Spirax-Sarco and Just Eat on the cusp of in and out respectively.

[philanderer] 26/11/2018 10:10

26th nov

Investec upgrades to 'hold' from 'sell' tp 6015p... cut from 6635p