Spirax-sarco Engineering Share Discussion Threads

[lageraemia] 16/10/2020 19:34

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 12:01

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

[philanderer] 15/10/2020 14:14

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

[adrunkenmarcus] 12/10/2020 19:34

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 19:09

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 10:15

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

[philanderer] 20/8/2020 11:56

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 10:33

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

[philanderer] 14/8/2020 11:07

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 11:02

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 11:00

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

[philanderer] 12/8/2020 11:01

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 08:34

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."

[philanderer] 10/8/2020 10:25

Interims wednesday.

[adrunkenmarcus] 25/7/2020 14:59

philanderer, I am awaiting first half results with interest - consensus forecast is actually for the full year dividend to increase 3.5% in 2020, followed by 9% in 2021 and 7.7% in 2022. That sort of growth is probably far better than 95%+ of businesses. Maybe they'll hold the interim, due November 2020, and increase the final, due in May 2021.

[philanderer] 20/7/2020 23:54

My best performer by a mile this year.

[adrunkenmarcus] 20/7/2020 21:11

I think much of that is very true, but SPX was being overlooked when it was £72, £60, £32...etc. You'd think a business with its illustrious record would be more familiar to investors in general. By the way, the free cash flow yield is 2.3 percent on 2020 estimates. Not cheap by any means, but then quality assets are being bid up to higher prices...

[mach100] 20/7/2020 20:44

I think ADM that investors tend to avoid triple digit SP's as they seem expensive. The dividend yield too although not too bad and safe is not enough to buy one share. I personally like to put dividends back in. My own investments here were between £73 and £89 per share while picking up a divi and I may sell 25% at £110 in order to buy back at £100. I would welcome a share split though. I abandoned a plan to sell some at £105 two days ago as the momentum looked strong and I have been right so far.

[adrunkenmarcus] 17/7/2020 21:13

Why is Spirax Sarco Engineering relatively low profile? Even now it's in the FTSE 100, many PIs don't seem to have heard of it. Yet its performance is very strong over the long term.

[adrunkenmarcus] 17/7/2020 21:12

As I pondered recently, I wonder if we'll soon see a 10-for-1 or similar share split with the price above £100 a share - they did that in the 1990s when it was near triple digits. SPX's dividend is forecast to rise this year: Bring it on!

[mach100] 17/7/2020 08:37

Well the holy grail of £105.40 may well arrive today. It has been performing well of late share price wise and the £100+ price tag probably keeps small PI's mostly out so relative illiquidity means these will move up and down in jumps and falls. £105 may be a trigger for sellers and that is what I am watching out for.

[philanderer] 09/7/2020 10:02

9th july Jefferies underperform tp 8220p up from 7535p

[philanderer] 23/6/2020 10:05

RBC RAISES SPIRAX-SARCO PRICE TARGET TO 8000 (7000) PENCE - 'UNDERPERFORM'

[philanderer] 11/6/2020 09:55

10th june Peel Hunt hold tp 10000p up from 8500p