Strix Share Discussion Threads

[coolen] 09/3/2018 00:15

Transfers between in-house funds by the look of it. The trades all matched, same time and same price, save perhaps for a jobber's fraction so small as not to register.

[epo001] 08/3/2018 19:12

And yet with that volume yesterday, the share price didn't really move. Why is that?

[gersemi] 07/3/2018 12:48

Look at the intra-day volume -

[discodave4] 24/2/2018 12:19

Yes, had LUCE on my watch list but didn't buy. They may not have exactly the same business model but it did make me hold back buying in here for the reasons previously posted. Also, their (KETL) IPO was handled by ZEUS who have a reputation for overstating forecasts for new listings (I.e, ACRL).Do think KETL are in a better position as they dominate the market and also hedge fx, but may just wait until after results (22nd March) before investing.DD

[bazzer1000] 04/2/2018 17:51

It's a good point dave, have you been looking at the problems at Luceco?As I understand from the admission doc the controls are made in china then sold to the OEMs who are 'overwhelmingly chinese' So maybe not the same problem.No position here.....yet ,still doing the research.baz

[discodave4] 28/1/2018 10:35

Any views on the recent strength in sterling impacting margins - how much of rev is USD and how much of their costs are in RMB/CNY (China)?......copper price not helping.DD

[18bt] 22/1/2018 16:43

Pleased with this investment. Pretty low key, but often that is good

[minerve] 22/1/2018 11:02

Company update sounds OK. Interesting to know what the net debt improvement is. Look forward to the full year results.

[masurenguy] 25/11/2017 16:37

Strix (KETL)

It’s somewhat of a cliché, but some of the best investments can be the dullest-sounding. Strix is another new entrant to the stock market, having listed on AIM in early August. It makes heating elements for kettles. While Luke Biermann, manager of the Schroder UK Dynamic Smaller Companies fund, admits it’s a pretty dull business, “what’s interesting here is that they are absolutely dominant”. Strix has a market share of over 70% in the UK, US and Turkey and over 50% in China. On Tuesday, it boasted of having surpassed the sale of 2 billion products worldwide.

The growth opportunity here, says Biermann, is in through emerging markets and in the US. As emerging markets become more affluent, consumers demand better-quality products, he explains. Strix has the biggest and most efficient production facility, meaning it produces better products that are cheaper to purchase than its competitors. In the States, there is a healthy living trend that is pushing consumers from coffee towards tea. While kettles remain rare across the pond, it makes controls for ready-to-go hot water taps, which is “penetrating quite nicely”. Having floated at £1 per share, Strix opened for trading at 134p and is currently 6% higher at 142p.

[jonwig] 18/11/2017 14:32

martin - the debt was well-flagged in the prospectus. They seem to have pulled a fast one by advertising the IPO as "debt free", but as explained, their major shareholder, AAC Capital, wanted exit payment. Note too that none of the IPO monies went to the company.

With an IPO, I never invest within a year or so without reading the prospectus. I suppose this is a decent company, but the way they've engineered the float looks a bit iffy to me.

[martinthebrave] 18/11/2017 12:24

I need to amend my above comment about debt. I have become aware that the debt moved from net Cash of C:£12m to a net debt of C:£60m towards the end of July.

It seems that this is what is referred to as a 'post balance sheet event', meaning that the change took place after the accounting period end. It therefore wasn't included within the Interims but was significant enough that the directors felt they should disclose it in some way. As such it's not reflected in the headline figures.

You'll notice it says that this happened on the 27th of July, meaning that as of the end of June, the total debt figure was indeed still just £1m, but that increased to £60m by the end of July.

I was annoyed with myself for not reading the Cash Flow statement properly and relying on 3rd party sites for information. However, I am still happy enough to retain my position there.

Sorry if this created any problems for anybody. Martin

[martinthebrave] 17/10/2017 11:11

Just bought an opening position. Nice dominant market position, no Debt, priced at Book value with a relatively low PE. Too good to miss out on!

[nw99] 15/10/2017 20:08

Excellent following SCSW

[tanneg] 15/10/2017 19:38

Midas share tip today

[3rd eye] 15/10/2017 18:25

KETL Strix group recent new float, lovely uptrend channel formed and share price on the very base of the channel. Trades on a forward P/E of just over 11. Techie company.

Last update....



About Strix Group plc

Isle of Man based Strix, is a global leader in the design, manufacture and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration.

Strix's core product range comprises a variety of safety controls for small domestic appliances, primarily kettles. Kettle safety controls require precision engineering and intricate knowledge of material properties in order to repeatedly function correctly. Strix has built up market leading capability and know-how in this field since being founded in 1982.

[steve3sandal] 02/10/2017 17:03

ST has updated his target price from 150p to 165p in the IC online today which usually drives an intraday surge in interest. We will have to see if today's high holds. I was a bit squiffy here having bought on IPO day and been underwater until last week.

[nw99] 02/10/2017 15:33

440k buy nice

[nw99] 27/9/2017 07:59

7% yield nice

[adnatrob] 05/9/2017 20:10

Strix heyday was in the noughties, different world for them now. Core patents have expired which puts them at the mercy of copyists and others, hence the drop in market share. R&D activity also appears to have slowed. Without patent protection, this is a tough market with constant price pressure and reduced margins. AIM rewards growth, I can only see decline from this position.

[middlesboroughfc] 05/9/2017 12:29

Ready to run

[nw99] 04/9/2017 08:10

Tipped in Sharewatch

[runthejoules] 29/8/2017 08:08

You're probably wondering why it's up 3% this morning.

It's because I sold most of my holding last week. No need to thank me if you hold.

[halifax121] 15/8/2017 16:38

From Twitter
Investor's Champion‏ @investchampion 40m40 minutes ago
More
Strix - Admin Doc fails to elaborate on covenants attached to credit facility propping up this business - awful!

[jonwig] 15/8/2017 12:30

Investors Champion has a research note headed "If it Looks too Good to be True ..." and cites some omissions in the prospectus.

Not free, costs £3.20 (I think). Haven't bought it myself.