Spirax Share Discussion Threads

[lageraemia] 11/8/2021 07:30

Nice RESULTS!! Big numbers.

PE still extradordinarily high though eh?

[sogoesit] 10/8/2021 11:31

"It never was the thinking that made the big money for me. It always was the sitting. Got that? The sitting tight".

Jesse Livermore

[adrunkenmarcus] 31/7/2021 13:44

I think they did a share split in the early 1990s or maybe it was a consolidation. Like you, I wondered if one was coming up - they could do a 100-for-1 and I'd have a very impressive number of shares. ;-) £1.50 would hardly be a penny stock, so why not?

Spirax has grown to 14.6% of my pension and 10.6% of my dividend growth portfolio, simply by compounding around 30% p.a. since purchase in 2015! And my divided yield on book cost is quite decent indeed due to over 11% p.a. dividend growth.

[mach100] 31/7/2021 13:21

Glad I have held from various purchases from £89 to £73 to even a top up buy at £141 last week. I would have been steaming if I had sold. According to Shares Mag it only serves 12% of its addressable market. I wonder if they will do a share split? I quite like the idea though of holding shares which are £200 a pop. A price we will easily see af this rate of progress. Pity the divi for me anyway doesn;t garner enough to buy even a single share when reinvested.

[sogoesit] 30/7/2021 12:06

Quiet BB threads are a good indicator if you're bullish I've noticed.
Not a lot of PIs like high P/E ratios, I guess due to vertigo. CRDA another example.

HY Results soon: 11/08

Good luck!

[kirkie001] 13/7/2021 16:37

Interesting 80p markup on closing!

[philanderer] 07/7/2021 12:56

Questor: yes, steam engineering really is hi-tech – and this UK business is a world leader

Questor share tip: Spirax-Sarco has no real rivals in the service it offers, just what it needs to offer inflation-proof pricing power

[lageraemia] 07/7/2021 09:43

Strength to stregth to strength .......

Bulletin boards remarkably quiet to, but I doubt PIs could affect this one way or t'other.

[mach100] 12/5/2021 07:57

Great trading update with currency headwinds the fly in the ointment. Business is performing very well. Bouncing today after market wide sell off.

[kirkie001] 08/4/2021 07:33

Peeking through an all time high today?

Again? :)

Having top sliced 50% at just over £100 because I couldn't justify my heavy holding on valuation grounds, I find myself having the same argument with myself. I am, however, reluctant to sell out!

[energeticbacker] 22/3/2021 10:29

SPX delivered exceptional results in 2020, despite considerable challenges in its markets. Its ongoing success is testament to a robust operating model and a constant focus on improvement and innovation, with some small high margin acquisitions also helping to keep it ahead of the competition.

Find out more about this Ultimate Stock on Investor's Champion.

[apad] 12/3/2021 19:07

A couple of points on the article.

It is presented as an individual PE story over the last 5 years.
This PE story is not particular to SPX. The likes of SPX are particularly attractive to US ETFs. A comparison with HLMA tells a similar story. The pound has been weak over tthose years.

Watson-Marlow is commented on in terms of current revenue and growth. In reality WM is the jewel in SPX's crown, for a number of reasons. Back in the day it was almost an accidental acquisition.

apad

[thetwentiestrader] 12/3/2021 18:40

An article on the quality business of Spirax-Sarco, looking at its fundamentals, its valuation and its current price hxxps://www.thetwentiestrader.com/post/spirax-sarco-a-quality-stock-but-is-the-price-too-high

[mach100] 10/3/2021 09:42

Excellent results. Divi hike is always good news. Justifying its lofty valuation. Going to average up now as I share the company's confidence in the outlook. The restructuring is going well in Chromalux.

[adrunkenmarcus] 15/2/2021 22:32

SPX is a rare and valuable company. I simply look at its dividend payments which are increased significantly each year and paid like clockwork. Looking at SPX's dividends, you'd never guess there was a global pandemic or that the UK economy had arguably had its worst year since 1709.

[mach100] 15/2/2021 21:57

Over £119 a pop now and threatening all time highs. Always concerns about it being toppy at these levels but seems to rebound after a sell off when it nears £120. One of these days £120 will be breached and we will move to a new trading range.

[adrunkenmarcus] 02/12/2020 19:00

A healthy adjustment as the valuation had got ahead of itself. Still holding long term!

[philanderer] 02/12/2020 15:21

Out for now, luck to all holders.

[philanderer] 30/11/2020 10:34

BARCLAYS RAISES SPIRAX-SARCO PRICE TARGET TO 9,925 (9,380) PENCE - 'EQUAL WEIGHT'

[mach100] 24/11/2020 21:15

Looks like the share price has ran out of steam :(

[philanderer] 24/11/2020 17:58

-5.1% ... 4th largest faller in the FTSE100 today , almost 250k shares traded

[philanderer] 24/11/2020 12:24

Has to be a broker downgrade out today.

[philanderer] 20/11/2020 10:59

JEFFERIES RAISES SPIRAX-SARCO TARGET TO 9,555 (8,220) PENCE - 'UNDERPERFORM'

[philanderer] 19/11/2020 15:24

Shore wary of Spirax-Sarco risks
Spirax-Sarco (SPX) faces greater risks than the market is factoring in, according to Shore Capital.

Analyst Tom Fraine retained his ‘sell’ recommendation on shares in the engineering group, down 4.7% at £113.58 yesterday at the time of writing, after the company reported a year-on-year revenue decline for the four-month period to 31 October.

Although Fraine believes a recovery in industrial production will be ‘steadier than analysts previously expected’ he raised concerns about Spirax-Sarco.

‘We think the risks the company faces may be greater than the market perceives with only around half of its revenue driven by defensive markets,’ he said.

‘Although c.50% of Spirax’s revenue is driven by small £1,000-£2,000 tasks, its growth is still largely dependent on increased industrial production. The group’s average order book is seven weeks, so there is very limited visibility.’