Spirax Share Discussion Threads

[mach100] 18/11/2020 18:58

Hard to know where to stand on SPX. Ok we had sell on news brigade today and the slowing IP growth is always a concern. That said any falls recently have dissipitated like steam in a shower room after a very brief drop. On track expectations is pretty good in Covid times and I feel there is a lot of funds who like having SPX in its holdings. Will hold on until there is a clearer direction of travel. I might sell some at £110 and see where it heads from there if it falls to that price.

[philanderer] 18/11/2020 13:25

JPMORGAN RAISES SPIRAX-SARCO PRICE TARGET TO 9800 (9500) PENCE - 'NEUTRAL'

[philanderer] 18/11/2020 13:20

Top FTSE100 faller at midday...


Spirax-Sarco, down 4.3%.

The Cheltenham, England-based manufacturer of steam management systems said it saw some slowing of the decline in sales in the second half of the year so far, but remains wary of the possible damage that Covid-19 resurgences could have on recovery.

Spirax said it saw some improvement in the third quarter of the year ended September 30, without providing specific figures. Overall organic sales decline in the four months to the end October eased compared to the first half of the year.

Going forward, Spirax said the impact of Covid-19, especially with regards to the effects of second waves across the globe, remains unclear. The company said it is probable that the virus's resurgence will hold back recovery in the final quarter of the year.

Alliance News

[philanderer] 18/11/2020 09:32

Spirax-Sarco backs FY expectations as Q3 trading improves

[philanderer] 18/11/2020 09:05

Better to travel....


".....the sequential month-on-month rate of IP growth slowed markedly in August and September, infection rates remain high in the Americas and increasing levels in Europe are resulting in further lockdowns. Although the impact on IP growth in the fourth quarter resulting from the COVID-19 resurgence remains uncertain, these factors could further slow the rate of IP recovery in the final quarter of 2020, as we anticipated at the Half Year results announcement in August."

[philanderer] 17/11/2020 10:31

Trading update tomorrow.

[philanderer] 09/11/2020 15:04

The only red one in my lot today. Run out of steam ? ;-)

[adrunkenmarcus] 05/11/2020 19:28

It went through £121 at one point today. 10-for-1 share split coming?

[kirkie001] 05/11/2020 13:59

As a holder, I'm glad - but I just don't understand the price action here.

I don't see the triggers or justifications for the inexorable rise. But similarly, it has ignored the headwinds which suggest that a price drop would be more appropriate - so I can't really see the trigger for a sell either!

[philanderer] 05/11/2020 13:38

Blythewood, SC, Nov. 04, 2020 (GLOBE NEWSWIRE)

-- Spirax Sarco, the global leader in steam system engineering and management has expanded its product line to include a range of Bellows Seal Valves including the BSA and A3S isolation valves. These product solutions are engineered to maintain plant safety and save energy by totally eliminating stem seal leaks. This exciting release will help oil, gas, petrochemical, pharmaceutical, food, and beverage customers save energy and ensure operator and plant safety.

[mach100] 05/11/2020 11:51

£120 today and I am glad I didn't feel Autumnal at £115 and shed a few leaves here.
Going great guns and I am expecting a Santa Clause rally now that the US is over in 3 months time so will ride the cycle until the EOY.

[lageraemia] 16/10/2020 18:34

Yeah, I sold a few today. Great company, but PE ratio is huge, and its not obvious how it will turn its excellenece into CASH to disperse as dividends.

I can't say anything bad about the company though.....just the share price!

[mach100] 16/10/2020 11:01

Sill steaming ahead as it goes through £115. Up 50% on my holding and very tempting to shed some.

[philanderer] 15/10/2020 13:14

UBS RAISES SPIRAX-SARCO PRICE TARGET TO 11,200 (10,500) PENCE - 'NEUTRAL'

[adrunkenmarcus] 12/10/2020 18:34

SPX is now up to 8.8 percent of my portfolio on the back of today's new all-time high. Allowing for the forecast full year dividend, I'm up about 267 percent on a total return basis over 5.5 years. Happy to hold, even if it has to grind for a few years to burn off some of today's overvaluation.

[mach100] 12/10/2020 18:09

Yet SPX steams higher! I think these brokers have the easiest job. Make a prediction then keep it but adjust it up or down. Way off beam they are on SPX to date!

[philanderer] 12/10/2020 09:15

MORGAN STANLEY RAISES SPIRAX-SARCO TARGET TO 9,600 (9,130) PENCE - 'EQUAL-WEIGHT'

[philanderer] 20/8/2020 10:56

UBS today reaffirms its neutral investment rating on Spirax-Sarco Engineering PLC (LON:SPX) and raised its price target to 10500p (from 9900p).

StockMarketWire.com

[philanderer] 18/8/2020 09:33

GOLDMAN SACHS RAISES SPIRAX-SARCO PRICE TARGET TO 8,080 (7,200) PENCE - 'SELL'

[philanderer] 14/8/2020 10:07

BERENBERG RAISES SPIRAX-SARCO PRICE TARGET TO 9800 (8900) PENCE - 'HOLD'


BARCLAYS RAISES SPIRAX-SARCO PRICE TARGET TO 9380 (8300) PENCE - 'EQUAL WEIGHT'

[philanderer] 13/8/2020 10:02

Jefferies cautious on Spirax Sarco valuation

Engineering group Spirax Sarco’s (SPX) first-half results are in slightly ahead of expectations but the valuation means Jefferies is still cautious on the stock.

Analyst Andy Douglas reiterated his ‘underperform’ recommendation and target price of £822 on the shares, which were trading at £106.55 yesterday.

‘Spirax’s first half interims have come in a touch ahead of Jefferies’ estimates across most aspects of the income statement, although half-year net debt is a touch higher than we expected,’ he said.

He said management was a ‘touch more cautious with regards to fourth quarter sales improvement’ but the better than expected first half means his full-year earnings forecasts are unchanged.

‘We reiterate “underperform” on valuation grounds,’ Douglas said.

[philanderer] 13/8/2020 10:00

"It’s full steam ahead for Spirax-Sarco"

[philanderer] 12/8/2020 10:01

Thermal energy management and heat pumping specialist Spirax‐Sarco Engineering reversed 1.8% to £10.465, having posted a modest 2% fall in first-half profit that it described as 'resilient'.

Spirax‐Sarco declared an interim dividend of 33.5p, up 5% on-year.

Broker Forecast - JP Morgan Cazenove issues a broker note on Spirax-Sarco Engineering PLC
JP Morgan Cazenove today reaffirms its neutral investment rating on Spirax-Sarco Engineering PLC (LON:SPX) and raised its price target to 9500p

Stockmarketwire.com

[philanderer] 12/8/2020 07:34

Sell on the news.

............As hopes of a V-shaped recovery recede, we now anticipate a lower rate of economic activity in the fourth quarter. As a result, we believe that organic revenue growth in the second half of the year will be lower than we anticipated in May. However, due to the operating profit being stronger than forecasted in the first half, our expectations for the full year adjusted operating profit remain unchanged."