Strix Share Discussion Threads

[alter ego] 25/11/2022 13:59

Maybe of interest then:

Shares/AJ Bell Investor Event - 28 November 2022

[gnnmartin] 25/11/2022 12:52

I've been watching Strix for ages, and mostly held off buying because I'm keeping such cash as I have in the bank in these alarming times. Another discouragement is Strix's deep involvement in China. They seem to be doing everything right there: it's just tough on them that China looks to have lost control of Covid. With that and the increasing tension between China & the West, I worry about Xi doing something stupid (like Putin!).

The Australian purchase looks good, but relies on the China project for some (much?) of the synergy.

[chrisdgb] 25/11/2022 08:04

Negative impact from China lockdowns...??

[thelongandtheshortandthetall] 16/11/2022 21:01

Strix is the kind of company that fund managers look to when the market turns.
Nice and predictable business.
High yield, bound to reduce as the share price rises.
Probably should be a 4% yielding share - That would put the price around 210p.

[masurenguy] 16/11/2022 18:30

Good post YieldMonkey. I agree with your sentiments and while I think that there are some good long term prospects here I currently remain on the sidelines and just keep this on my watchlist.

[yieldmonkey] 16/11/2022 16:37

Alas I have sold out today for a fairly chunky % loss. Been in and out a few times over the years but my gut tells me to sit on the touchline for a while.

Why? - basically my "gutometer" - a combination of things I dont like:

* Profit warning
* Increased debt
* Share dilution
* Lack of confidence over sales growth / margins given economic pressures.


BUT..... mainly it is the Aussie acquisition. In my former career in banking UK/Aus and Aus/UK acquisitions rarely went as well as expected for a whole host of reasons. In simple terms, it is bloody hard to manage a large business from 10,000 miles away with a 12hr difference - especially the case if you are only a medium sized company like Strix


Of course I will almost certainly be proved wrong or it will be snapped up by yanks tomorrow so best of luck to all holders!

[thorpematt] 14/11/2022 17:53

TLST,
I doubled up my holding last month. I was very lucky with the timing (paid just over £1).

With the chart as it is I would not be shocked if it did retrace further. But having done as close-to a fair-valuation calculation as I could muster, I felt it was far too cheap as it was and paid far too high a divi, to justify waiting any longer before reversing the truck up.

It's a long term investment this one and although I recognise the execution risk with the recent strategy, I am pretty confident that in 2 years time this will be in great shape and very worthy of a higher share price

[thelongandtheshortandthetall] 14/11/2022 15:17

Time for another cup of tea.
Glad I've been buying more :)

[thelongandtheshortandthetall] 11/11/2022 14:57

Buys flying in now.
Might make myself a nice cuppa tea :)

[masurenguy] 07/11/2022 07:59

I originally invested here in 2018 at circa 150p and exited in June 2 years later at 192p for better yield options elsewhere. I subsequently noticed that the shareprice had doubled over the following 12 months and kicked myself for having missed out on the capital gain. Being prompted to revisit the thread after seeing news of the recent Billi acquisition, I see that the shareprice has since crashed by circa 70% over the past year to an ATL of 110p. This has been a rollercoaster over the past 2 years and, despite the 12% drop in the pretax profits at the interims, the business seems to be performing fairly well in the current environment despite a 33% increase in net debt. I've now put this back onto my watchlist and would be interested in any current holders insight into their view on the substantial volatilty in the shareprice over the past 2 years.

[bothdavis] 04/11/2022 09:22

Forgot to say....long term holder and holding!!

[bothdavis] 04/11/2022 09:21

Helped myself to a few more this morning.......

[thelongandtheshortandthetall] 02/11/2022 12:02

If ever I did see a beautiful bowl.❤️; Haha

[gary1966] 31/10/2022 11:57

Well I have taken the chance to sell out today @ 108p as the very short term RSI is elevated at a smidge under 100 and has been for a few days. Happy to just scalp a few pence that the indicator is suggesting is there.

GLA

[adae] 28/10/2022 10:36

"Well falling knives tastic all over right now but at some point some of these stocks will bottom or be close to bottom"


Some will go to zero, but otherwise agree - that chart reminds me that a share can fall 5% a week forever, but for a genuine business there has to be a point at which it bottoms.

[edmonda] 28/10/2022 10:28

Investor Presentation - Opportunities for Growth (26th October)

Link to video:

We hosted an investor presentation with Mark Bartlett (Chief Executive Officer) and Harry Kyriacou (Chief Commercial Officer) of Strix Group plc, the global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components.

The Strix team discussed the opportunities for growth across their three key categories, and provided considerable detail about the recently announced conditional acquisition of Billi. They discussed the strategic rationale for the deal and capital allocation priorities, and answered a wide-ranging Q&A session which has been divided below into two parts - the first focusing on Billi, and the second with broader questions including capex, dividends, own brands, margins and China.

The full video has been divided into chapters for ease of viewing:
0:00:20 - Highlights from H1 2022 & margin analysis (Mark Bartlett, CEO)
0:05:42 - Kettle Control category (Harry Kyriacou, CCO)
0:09:36 - Water category
0:13:25 - Appliances category
0:16:02 - Aurora product video
0:17:44 - Billi acquisition (overview, strategic rationale, medium term targets, capital allocation)
0:31:44 - Outlook statement
0:34:21 - Q & A part 1: focus on Billi (cross-sell opportunity, gross margins, leverage, distribution channels, customer feedback)
0:43:18 - Q & A part 2: capex, debt, dividends, China, margins, own brands

[value viper] 12/10/2022 21:42

Well falling knives tastic all over right now but at some point some of these stocks will bottom or be close to bottom Directors happy to take more 15p above where we are now Not that much seems to help GLA

[bothdavis] 12/10/2022 21:30

Why not?

Full stop?

[john09] 12/10/2022 19:05

Why is anyone buying anything

Full stop ✋🏼

[value viper] 12/10/2022 19:02

Ta Thorpe for taking the time with the calculation I too have taken a few shares fwiwGulp

[thorpematt] 12/10/2022 17:14

FWIW I have also added here today. I thought the recent aqcuisition is a continuation of the risky strategy but I cannot in any way argue it doesn't represent value and opportunity.

Looking ahead to FY2024 (a way out I know). It's hard not to see the value here. Granted the risk here is higher than it ever was when the focus was soley on controls but there's no denying there is a lot of opportunity in the marketplace, for cross-selling and for synergies.

So as someone posted recently, this is now a binary bet on the management success or failure.

So, er, DO NOT F%&K this up!

[thorpematt] 12/10/2022 17:03

No.

Infact they have added, because the dilution was

11,304,347.00 extra shares

from 207,406,553.00

leading to

218,710,900.00

which meant at 12.01% they
HAD 24,909,527.02

NOW 25,295,724.00
adding 386,196.98
to give 11.57%

[value viper] 12/10/2022 14:15

Octopus diluted down by the raise only ?Not because they've sold any ?Thoughts anyone ?

[john09] 10/10/2022 17:20

You wouldnt want to have just taken the 115p placing shares would you?