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KETL Strix Group Plc

68.60
2.20 (3.31%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Strix Group Plc LSE:KETL London Ordinary Share IM00BF0FMG91 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.20 3.31% 68.60 67.70 68.30 68.50 66.80 66.80 620,293 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Manufacturing Industries,nec 106.92M 16.79M 0.0768 8.82 148.07M
Strix Group Plc is listed in the Manufacturing Industries sector of the London Stock Exchange with ticker KETL. The last closing price for Strix was 66.40p. Over the last year, Strix shares have traded in a share price range of 50.70p to 114.00p.

Strix currently has 218,712,000 shares in issue. The market capitalisation of Strix is £148.07 million. Strix has a price to earnings ratio (PE ratio) of 8.82.

Strix Share Discussion Threads

Showing 401 to 424 of 1225 messages
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DateSubjectAuthorDiscuss
23/3/2020
13:47
It's nothing to do with Strix managing the situation it's retail investors selling out in their droves to save what money they have left! It's the market equivalent of the idiots who've been buying as many toilet rolls and as much pasta as they can!!I said this at 160p and again at 135p. Nobody is acting rationally at the minute. I would not be buying into anything at the moment, we aren't at the bottom and there is worse to come in Britain as people recklessly ignore the social distancing calls, forcing the government towards enforced lock down. Prepare for a market nose dive. IMO/DYOR
nquaile875
23/3/2020
10:34
Kettles will sell. This is world-wide. Strix will manage the situation.
minerve 2
23/3/2020
10:31
Orders cancelled
onjohn
23/3/2020
10:29
Limit filled - that 120 bounce was me. Partly.
runthejoules
19/3/2020
08:00
Latest note out from Equity Development
edmonda
18/3/2020
11:52
I spoke too soon!
johndoe23
18/3/2020
11:40
I agree, people will be putting wants above needs.
Few will be "upgrading" but those who find their kettles have broken will be replacing them as a priority. I doubt many kettles are "impulse buys". But few will put up with boiling saucepans of water on the hob for long (at least in most first world countries), as kettles are pretty cheap. It is why I feel the impact will be low. I doubt many people "upgrade" their kettle just for the look.

egrid1
18/3/2020
11:36
Simon Thompson doesn't seem to cover results on or around the same day anymore. Seems to do all his tips now on a Monday.
johndoe23
18/3/2020
11:03
The smarter play would be to point out the global requirement to sanitise public places where steam cleaners are often used, they have heating elements in, very much like kettles. That I'd consider a sensible point, but buying kettles because your bored is laughable!
stewhg76
18/3/2020
11:00
The news was good, and I like Ketl, but come on! How desperate are you guys? You think people are sitting at home thinking about spending money on refreshing kettles! Do you think the government has announced the 1/3 trillion bailout because they think people will have disposable incomes to spend "refreshing kitchen" appliances or because they will have nothing and won't even be able to pay their rent or mortgages?
stewhg76
18/3/2020
10:17
Also, plenty of spring cleaning going on across European lock downs, few people
must be looking at their tired old kitchens & looking to upgrade Toasters/Kettles
which won't cost a fortune, KETL could be one of the winners in this global panic.
Will be interesting what Simon Thompson has to say

mr hangman
18/3/2020
09:55
Good points THORPEMATT, added to which, kettles are one of those things easily bought on line for home delivery. I do expect some disruption but doomsayers here are vastly exaggerating iMO.
alter ego
18/3/2020
09:51
The results were pretty much as we could expect.
As expected the shares ticked up on the announcement that told people what they really already knew.
I have sold yesterdays top up, and reverted back to the previous holding, taking the profit.
I still hold Strix, as I think it is a good company longer term. But the market is irrational at the moment and everything (with very few exceptions) is taking hits.
I am trying to keep a higher cash balance, other than the odd short term foray, as you never know when you may need to put your hands on some cash in the coming months.

egrid1
18/3/2020
09:45
Do you honestly believe any data coming out of China ?

The net debt in this company is going to roof it in 2020

Any stumble in profits and the divi is cut to stay in covenants

albert zog
18/3/2020
09:36
We don't HAVE to be! We could be optomistic.

I am not sure that Kettles are are discretionary buy. I am pretty sure if mine breaks I'd buy a new one. I am pretty sure that MOST kettle sold globally are a replacement for a broken one.

I am pretty sure that MORE kettle use is happenning in lockdown than not. When I am at work we have a water boiler, when at home we EACH have individual kettles. Surely more kettles will break in 2020 than any other year in history. No?

Most of all though I am more focussed on 2021 and beyond. I am pretty sure that anti-viral water additives and steralisation will become a bigger theme than previously.

thorpematt
18/3/2020
09:04
Management appears to be handling things well and I have increased my holding by half. But I think we have to be pessimistic about 2020 sales don’t we?
martindjzz
18/3/2020
07:24
These results are about as good as we could have hoped for.
thamestrader
18/3/2020
07:19
Strong buy, in my view
mr hangman
18/3/2020
07:15
Results for the year ended 31 December 2019

Financial highlights

-- Solid performance during 2019 including a 3.3% growth in revenue driven by maintaining market value share in the regulated and less regulated markets at c.73% (2018: c.73%) and c.34% (2018: c.34%) respectively and growth in the Chinese domestic market at c.49% (2018: c.45%).

-- Adjusted gross profit margin excluding the effect of HaloSource increased to 42.3% (2018: 41.5%).

-- Adjusted profit before tax increased by 9.9% to GBP32.1m (2018: GBP29.2m) and adjusted EBITDA increased 5.5% to GBP38.3m (2018: 36.4m), excluding the newly acquired HaloSource business.

-- Adjusted total comprehensive losses from the HaloSource acquisition were in line with expectations at GBP2.0m resulting in a 1.7% increase in Group adjusted total comprehensive income.

-- Despite the capital investments made, net debt (excluding the impact of IFRS 16 lease liabilities) reduced to GBP26.3m, a 4.1% improvement since 31 December 2018 (GBP27.5m).

-- The Group has available liquidity, consisting of cash and undrawn facilities, of GBP22.7m.
-- The Group has improved its net debt (excluding the impact of IFRS 16 lease liabilities) to adjusted EBITDA ratio to 0.7x (2018: 0.8x).

-- Proposed final dividend of 5.1p, resulting in total dividends of 7.7p for the full year (2018: 7.0p).

COVID-19

Strix has continued to closely monitor the situation with regards to COVID-19. The Group's manufacturing operations in China resumed production on 10 February (in line with Government policy for an extended Chinese New Year holiday) and have since reached 96% resource levels. In addition, all of the Company's 20 largest OEM customers have now resumed production. We are extremely pleased by the performance of the team through a challenging situation and with minimal disruption to our production. The welfare of all Strix's employees remains the primary concern and pre-cautionary measures will continue for the foreseeable future to ensure we can continue to serve our customers.

As COVID-19 has spread globally, Strix has been closely monitoring the potential effect on demand. Strix's products have historically had limited correlation with short term consumer confidence with kettles being seen by many as a household essential and repeat purchase. However, in the event of a fall in demand, the board believes Strix has an appropriate balance sheet and procedures in place to capitalise and continue to serve its customers in the long term.

Trading and Outlook

The Board continues to work with the Group's management teams to deliver on our strategy to create value for our shareholders. In spite of continuing global volatility during the period driven by Brexit and USA/China trade tensions, the Group has delivered a solid performance in 2019 which demonstrates the strength of Strix's core business model. In 2020 we will continue to focus on our key strategic objectives which include the construction of the new factory in China, implementation of a new 'ERP' system and commercialisation of new products across all three categories.

Whilst there are a number of geopolitical and economic headwinds which could make 2020 challenging including Brexit, the impact of COVID-19, and the continued US/China trade tensions, the Board believe they have taken appropriate preparatory steps to mitigate the risk presented by these challenges. At present we expect that the majority of the impact will occur in H1, mainly attributable to interruptions in global supply chains. Our profitability model strategically targets the second half of 2020, and as such is expected to provide some resilience against this uncertain backdrop.

The Group's manufacturing operations in China have recovered with a c.100% production capacity and operational supply chain which is sufficient to meet customer demand. The Board recognise that although we are entering unprecedented times, the Group's stable, recurring and resilient business model will help support the Group through the COVID-19 pandemic. The Group will continue to focus on a prudent allocation of capital and be vigilant about the broader implications of COVID-19 including daily monitoring of consumer and brand demand. As a result, the Group is working on several strategic self-help initiatives, including new products and efficiencies, to minimize the impact to the full year.

masurenguy
18/3/2020
07:14
Good words about production, slightly weasel-wordy when stating 'meeting market demand' for which I would have liked to hear more about. Expects an impact from a Covid-19, but doesn't give further guidance other than 'working to minimise. Divi increased though - worth the top-up yesterday, but who knows what the lottery of the market will do.Do I increased
squidsgone
17/3/2020
15:40
I think the results will be fine. There may be some concerns going forward, but not that large.
Production in China seems largely unaffected now. I don't believe sales are going to suffer unduly. I think anything reasonable will see a bounce in the shares. Not sure whether it will be a dead cat, but I am of the opinion that the market just wants to hear some news. Anything that is not very negative will be taken as being positive.

egrid1
17/3/2020
15:09
Nquaile35. You were right. Funny how fear for the uk'smismanagent if the crisis has spilled over into selling of a mainly China based business. Let's see what tomorrow brings.
runthejoules
17/3/2020
12:06
Even if results are positive, the likelihood is people will sell in to any rise. Day traders and shorters market now.
johndoe23
17/3/2020
11:50
Very brave! Do you think results will be good, and on what basis? I see a very high possibility of big profit warning.
stewhg76
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