Strix Share Discussion Threads

[gnnmartin] 14/6/2022 10:37

Very impressive. I assume that the share weakness is fear of the situation in China, but Strix story there is most impressive.

[ga_dti] 14/6/2022 07:36

Latest DT interview discussing the progress of their 5 year plan -

[brucie5] 10/6/2022 17:13

Share has now fallen below 50% of peak, suggesting further decline to at least previous low of £1.20. Though 25% of peak would of course be 95p.
One for the watch to buy list. But not yet, IMHO.

[scooper72] 26/5/2022 09:13

Many thanks Edmonda. Always tricky with these small caps, but Strix for me is at least working in a niche that seems quite conservative and unlikely to be over run by new innovations anytime soon.

[gnnmartin] 20/5/2022 11:19

I agree that it is the problems of China that is worrying people.

[barnsbury] 20/5/2022 09:36

I've held Strix for a long time and see with concern that the short interest in it is rising. JP Morgan Asset Management has just added a short of 0.54% bring total short intest to 3.43%

See httpx://shorttracker.co.uk/company/IM00BF0FMG91/

I'm thinking that this is because of lock down issues in China, or perhaps they know something else. Given that it is already down 50% from the high, they must have some confidence it has further to fall. Until now I have always been positive about the business, but I am starting to wonder.

[wad collector] 12/5/2022 14:53

Xd 5.6p but dropped twice that already today. Shame they don't make switches for weapons ..

[brucie5] 10/5/2022 18:56

Now half the peak price of 3.80 achieved in 2021. What price = value?

[justanothergoodinvestor] 10/5/2022 18:01

Shaker44 filtered

[matthew palmer] 07/5/2022 16:03

Anyone on TECHINVEST, I am wanting to form a group of similar minded people to discuss its views etc and information.

Click my name and send a message.

[wad collector] 14/4/2022 15:28

Well I guess those shorters did well, providing they closed their shorts..

[bothdavis] 05/4/2022 16:46

Good to see that the Chairman, CEO, CFO and a Non-Executive Director have purchased today.

[trident5] 01/4/2022 16:29

Is targeting doubling revenue the right metric? What about profit, cash generation, ROCE?

[edmonda] 01/4/2022 15:59

For anyone who missed it live, or simply want to watch it again, Mark Bartlett CEO and Raudres Wong CFO present in detail on their target to double revs by 2025, ESG, and new product development.
Free to view here:

[buoycat] 01/4/2022 14:07

A lot of similar negativity around convatec a month or two ago. Fortunately I sat on my hands and the shares have risen about 30% since. Hopefully the experts will have the same impact on the Strix SP!

[tole] 31/3/2022 12:33

hxxps://citywire.com/funds-insider/news/expert-view-hargreaves-lansdown-polymetal-bloomsbury-team17-and-strix/


Strix needs a tea break

Shore Capital continues to see downside risk at kettle component maker Strix (KETL) despite the shares having already fallen recently.

Analyst Tom Fraine retained a ‘sell’ recommendation and set a 200p target price on the stock, which slumped 10.2% on Wednesday to close at 216p.

In 2021 annual results, the business slightly undershot expectations on both sales and profit, as recent acquisition Laica continues to be integrated. Pressure on margins now looks a major threat this year.

The Ebitda margin on pre-tax profits fell 6.1 percentage points to 33.9%, said Fraine, primarily due to increased commodity prices, supply chain issues and freight cost inflation, and adverse foreign exchange rates. The company said these headwinds continue to persist.

‘Although we view Strix as a well-managed, operationally strong company, we believe management’s 2025 targets will be difficult to achieve without significant M&A and further share dilution,’ said Fraine.

The analyst added that with the shares trading around 16 times estimated 2022 earnings, they consider the stock to be ‘overvalued217;, suggesting Porvair (PRV) as an alternative in a similar sector.

[trident5] 31/3/2022 11:26

"Analysts at Shore Capital estimate that LAICA accounted for between £4.5mn to £5mn of the group’s £33.7mn operating profit, a healthy return in relation to the consideration of €21mn (£17.6mn) in cash and shares paid to date and an estimated contingent earn-out of €6.9mn."

Well that's some progress on 2019 when Laica's adjusted profit before tax was about half that at 2.6m euros.

The commentary in Strix's accounts makes much of Laica's increased revenue but seems strangely silent on this doubling of profit, passing the job on to Shore Capital.

[dr biotech] 31/3/2022 10:04

I like ST. Rates it as a hold (at 230]. Ive added a few today, PE of 12 and yield nearly 4%. Hopefully near the bottom but it’s a long term hold for me. Retrospectively the director sales were a good time to sell too.

[scooper72] 31/3/2022 09:52

Yep. I'm doing the same.

[wad collector] 31/3/2022 09:47

Well it looks like the share price is going to drop through £2 today; sit on hands time I think.

[alter ego] 31/3/2022 09:42

post 680
"Looks like Laica generates lots of revenue but little or no profit."

from Simon Thompson in IC today
"Analysts at Shore Capital estimate that LAICA accounted for between £4.5mn to £5mn of the group’s £33.7mn operating profit, a healthy return in relation to the consideration of €21mn (£17.6mn) in cash and shares paid to date and an estimated contingent earn-out of €6.9mn."

[edmonda] 30/3/2022 16:35

The preliminary results for Strix Group plc for FY21 were encouraging, with results modestly ahead of consensus expectations with record levels at the revenue and PAT level. Although headwinds continue, leading to pressure on gross margins, management actions have ameliorated the impact of rising input costs and the target of doubling revenues till by 2025 is still on course.

However, we think sanctions on the Russian economy are likely to result in up to a c.£3m hit to revenues in both FY22 and FY23, resulting in a 2% reduction in adj. EPS in both periods. Although Strix does not sell directly into Russia, the Chinese OEMs supplied with kettle controls do. We therefore reduce our fair value / share to 293p, still representing a 22% premium to the current share price.