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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Strix Group Plc | KETL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.50 | -1.99% | 74.00 | 16:00:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 76.90 | 73.60 | 76.90 | 75.50 |
| Industry Sector |
|---|
| HOUSEHOLD GOODS & HOME CONSTRUCTION |
| Top Posts |
|---|
Posted at 03/4/2024 11:04 by edmonda Strix Group plc - Investor Presentation & Q&A (FY23 Results) - March 2024Mark Bartlett,, CEO, and Clare Foster, CFO, of Strix Group plc (AIM: KETL) held an Investor Presentation covering their Full Year results. Management discussed the pace of recovery within Kettle Controls, the rationalisation that is ongoing within Consumer Goods, and the strong growth at Billi and Laica. They also examined their progress in paying down debt and the temporary pause in the dividend. Questions from investors were answered at the end. Link to video: |
Posted at 28/3/2024 11:50 by edmonda Strix Group - Management interview & Investor Presentation (FY23 results)Mark Bartlett, CEO, and Clare Foster, CFO, of Strix Group plc answered a series of questions following publication of FY23 results for the 12 months ended 31st December 2023. Subjects ranged from growth in kettle controls to the dividend and Billi, as well as the outlook for the company. The interview is available to see below. In a separate video, the team conducted an Investor Presentation where they discussed highlights of the period, provided a Financial review, and went into detail on performance and prospects for each of the Group's business categories. Both videos have been divided into chapters for ease of viewing: |
Posted at 27/3/2024 08:10 by edmonda "Billi drives top line growth" (FY23 results)Positives emerged, particularly in H2, as the recovery commenced within the kettle controls market. Billi was the architect of the revenue improvement, with LAICA also delivering a double-digit increase in the top line. Margins improved, notwithstanding a change in the mix. Encouragingly, investor concerns on debt were allayed with the careful management of cash, and latterly as bankers raised the net debt/EBITDA covenant to 2.75x. With further emphasis on costs and cash conservation and a likelihood that its markets will begin to deliver more meaningful recovery in H2, none of this good news looks factored into the current valuation. The focus is shifting from survival to recovery and as such, we increase our fair value / share to 173p (149p). Link to research report: |
Posted at 14/11/2023 08:48 by john09 New thread for sharewatchers. General chat about SCSW followed stocks so investors can discuss 2024 etc. No sharing of subscriber only information |
Posted at 22/9/2023 12:32 by lovewinshatelosses I mentioned yesterday that I was surprised at how bad the results were. Especially the rising debt levels. The latter took me by surprise.I like this company and I have been a holder a few times. Anyway, I have kept watching to see what TR-1's come out. Given the trading volume yesterday, it seems inconceivable that there will not be some. I had also hoped to see some Director buying too. Maybe that will follow soon. It looks like a traders play here for the time being, IMO. I hope the company can get things back on track by the next update. Especially cutting that debt pile. I personally would have rather that they had cancelled the dividend, rather than cutting it to a pittance, because as things now stand, I assume they will have lost a lot of pure income investors anyway, (although I might be wrong) so could instead have used that cost saving towards debt repayment. Not a huge amount of money, I know, by IMO it would have shown a positive statement of intent. GLA and I hope current investors that are underwater get back into profit here soon. |
Posted at 21/9/2023 08:22 by lovewinshatelosses I had been looking forward to seeing this update. I expected some weakness, but not quite such poor numbers. Especially on debt. IMO, they should have done away with the dividend and focused on debt reduction. I hope the next update is far, far better than this and I hope existing shareholders get some clear answers on the investor call later. GLA but I am not tempted to rejoin at this point. |
Posted at 30/8/2023 14:45 by chrisdgb Interims will be fascinating next month, sure investors will be focussing on debt... |
Posted at 19/7/2023 07:59 by markatkinson In this latest episode of the Desert Island Investor my very dear friend and fellow ‘pod-castaway&We cover my recent trip to the Isle of Man and my attendance at the Investor Site Visit and AGM over successive days. |
Posted at 05/7/2023 11:44 by edmonda Encouraging AGM update & Investor Day insights (new report from Equity Development)The AGM update was encouraging and indicated that ‘green shoots’ continued to emerge, with momentum building during Q2 as the frequency of orders increased. Volumes, however, have yet to pick up, suggesting OEM customers are maintaining inventories and conserving cash. Significantly, the Group is seasonally H2 weighted with September to November critical months ahead of Christmas and Chinese New Year. Strix continues to trade in-line with market consensus (PAT of £25.8m) and as such, we see no reason to adjust estimates. The integration of the Q4 acquisition of Billi is on track, with a degree of excitement of the launch of the new one-tap system in Australia. We are particularly encouraged by the new product pipeline and the opportunity to gain a firmer foothold in North America. We visited the facilities on the Isle of Man during an Investor Day ahead of the Group’s AGM. Meetings included an introduction to the Company, greater detail on the Chinese factory opened in Q3 2021, presentation of forthcoming product launches, and a factory & tool room tour (see main body of note for more details). We think the shares have been largely overlooked, sitting on a single digit FY23 PER and at a marked discount to its peers. Our fair value / share of 216p, based on several valuation models, is more than double the current share price. Full report here: |
Posted at 08/4/2023 13:21 by masurenguy Liberum: Strix sees green shoots of recoveryThe markets in which kettle component group Strix (KETL) operates are recovering but this will need to be sustained before the shares can rerate, says Liberum. Analyst Edward Maravanyika retained his ‘hold’ recommendation but increased the target price from 105p to 110p on the stock, which jumped nearly 10% to 100p last week. The shares have risen 18% this year. Full-year 2022 results on Wednesday came in line with expectations but investors were cheered by the outlook statement that ‘highlighted the green shoots of recovery emerging in Chinese kettle controls in the early part of full-year 2023 after a tough 2022’. After a pandemic hiatus original equipment manufacturer capacity is now ‘running at higher levels than is typical at this of year,’ Maravanyika said. ‘The valuation is undemanding but we believe the market will need to see evidence of a sustained recovery in controls as well as net debt-to-Ebitda multiples falling before shares can sustainably rerate,’ said the analyst. |
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