Spirax-sarco Engineering Share Discussion Threads

[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.’

[adrunkenmarcus] 18/11/2020 19:15

I just hold SPX and will keep holding!

[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.