Spirax-sarco Engineering Share Discussion Threads

[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 10:02

Bang , down again.

[philanderer] 18/10/2018 14:09

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 09:55

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

[philanderer] 10/10/2018 20:44

xd tomorrow morning for the 29p dividend

[philanderer] 04/10/2018 11:17

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

[philanderer] 02/10/2018 09:50

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 14:32

Strong buying today 👍

[philanderer] 04/9/2018 20:48

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 17:51

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

[typo56] 03/9/2018 17:30

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 23:16

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 23:16

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] 31/8/2018 09:35

'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] 18/8/2018 00:26

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 08:39

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 21:45

thursday 9th august


'Share tips, comment and bids'

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

[philanderer] 09/8/2018 18:09

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

[philanderer] 09/8/2018 14:17

Strong buying again, 115k traded so far today

[philanderer] 09/8/2018 10:36

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 10:21

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 10:57

Looks positive to me, a nice fit.

[kirkie001] 03/4/2017 10:44

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