Spirax-sarco Engineering Share Discussion Threads

[sogoesit] 12/11/2021 11:07

Trading update due 17 November.
Maybe something leaky....

[wfcreserves] 11/11/2021 18:16

A rather big £18m worth uncrossing trade.

[adrunkenmarcus] 11/11/2021 18:12

What prompted the late surge?! Up almost 4.5% to nearly 17000p! Happy 'buy and hold forever' investor in Spirax since March 2015 - it's more than quintupled since then.

[kirkie001] 11/11/2021 17:17

Closing whoops price?

[sogoesit] 28/9/2021 01:49

No follow-through confirmation to the upside, so seasonal “correction221; now in play for high P/E stocks or a longer-term de-rating due to interest rates' rising?

[sogoesit] 23/9/2021 11:19

Good stuff...
In face of recent performance on the brief sell-off added some more today.
Will add more on further strength if it happens but await confirmation.

NB. Note the low beta on this stock, about 0.45.
Similar to other high P/E stocks like KNOS, CRDA etc.

DYOR

GLA
(NB: "Buy rising stocks, sell falling stocks". Jesse Livermore)

[arja] 20/9/2021 06:05

chart suggests it is looking toppy and a very high p/e ratio surprisingly . Due to pullback on profit taking starting today IMO .

[sogoesit] 02/9/2021 17:30

I feel vertiginous...

Still, if McDonalds can be ahead of the curve compared to Beyond Meat maybe there's hope....

[mach100] 11/8/2021 22:10

Industrial production is expected to be 8% to 9% this year, but Spirax-Sarco expects all its divisions to outperform this global rate, with its Watson-Marlow fluid technologies business on track for 55% growth this year due to its support for Covid-19 vaccines.

Despite the run for shares from 11,500p since the start of this year, Peel Hunt reckons the stock is worth holding on to after the broker adjusted its price target to 15,000p.

In other news Peel Hunt stated that they expect England to win the World Cup at least once in years ending 66, and all children born this year who survive until the next 356 days to celebrate a birthday in the next year and that traces of meat can be found in a McDonald's hamburger.

Last one seems to be stretching it a bit imho.

[mach100] 11/8/2021 21:16

Really steamy results. My windows literally misted up when they came out this morning. Going to add more as the ink on my last purchase at £142 a pop has barely evaporated before this leap to £155. Keep buying.

[sogoesit] 11/8/2021 09:21

Market has been awarding this an increasing P/E (trailing) for over a year now.

A couple useful databases for those interested, or not already using:





Forward P/E on doubling of today's results looks like 51x which is less than recent history.
If there's a reasonable return on their current year's capital investment, coupled with "strong demand growth" (per RNS wording) then that indicates further growth. This is what the market probably is betting on but, as usual, I'm guessing, and just follow the market and see "what gift it gives".

[kirkie001] 11/8/2021 08:58

I seriously can't value this company.

I've been thinking it was overvalued from about £100.

Luckily, I still hold c60% of my original holdings.....

[redartbmud] 11/8/2021 08:33

Great results - the gift that keeps giving.

[lageraemia] 11/8/2021 08:30

Nice RESULTS!! Big numbers.

PE still extradordinarily high though eh?

[sogoesit] 10/8/2021 12:31

"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 14:44

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 14:21

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 13:06

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 17:37

Interesting 80p markup on closing!

[philanderer] 07/7/2021 13:56

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 10:43

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 08:57

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 08:33

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.