Strix Share Discussion Threads

[rcturner2] 30/11/2022 15:19

I must admit I very much agree with Paul Scott on this one and its presence on the Montier short list also is a big red flag.

[brucie5] 30/11/2022 14:34

elsa787830 Nov '22 - 13:41 - 829 of 830
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Recession next year.
Inevitable drop in profits - to say £20 million.
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Elsa, do you not own a kettle?
And what happens if it breaks down - do you not replace it?
Water heaters and kettles are largely non-discretionary and increasingly driven by ESG and efficiency improvements. So this is a slightly different consumer facing product, I would have thought. The main issue though, is their Chinese manufacturing, which is one faced by many such. I accept this is a risk if they can't get it right.

[brucie5] 30/11/2022 14:05

Paul Scott doesn't like it, but maybe not surprising and he's not always right. Though certainly worth reading! He infers that they might be paying dividends by growing the debt.



Yet, comes a time when there's nothing but bad news in a share price along with a debt that is perfectly serviceable, but with a profitable dividend paying business underneath - just at the bottom of its cycle.

And I believe KETL has some good insti holders with Octopus investment holding just over 11%

[elsa7878] 30/11/2022 13:41

Recession next year.
Inevitable drop in profits - to say £20 million.
218 million shares.
Give it a PE of 8 and you get to 73p.
I'll have a nibble if it gets there.

[ramellous] 30/11/2022 13:40

I wish these companies would bring manufacturing back to this country or at least move to places that isn’t run by these regimes.

[brucie5] 30/11/2022 13:32

RCTurner230 Nov '22 - 11:01 - 825 of 826
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This could easily go a lot lower from here.
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I think that's a given - it could go lower. Question is, what is the balance of risk and can they maintain the strategy, including a commitment to a progressive dividend policy. I may be wrong, so don't follow me! - but my hunch is that this is capitulation.

[eezymunny] 30/11/2022 11:19

Latest in a long line of empire-building (while racking up a mountain of debt) nonsense. May come good, of course, but do any of the acquisitions have anything unique or IP protected like the kettle controls (even the IP on kettle stuff has always looked questionable to me)?

[rcturner2] 30/11/2022 11:01

This could easily go a lot lower from here.

[g2theary] 30/11/2022 10:30

Get your money back with MEAL :D

[pugugly] 30/11/2022 10:23

Fallen out of bed today down 34% on trading update to 81/82.
Any value left here or a bear trap?

[epo001] 30/11/2022 10:14

This had slumped as it was and the profit warning wasn't that much. Either there is more bad news to come or this is a severe over-reaction. OTOH, who knows what is happening in China?

[brucie5] 30/11/2022 09:59

Just bought in as well. Perhaps a bit incautious but @85p sometimes it's best not to look a gift horse too closely in the mouth: this has been on my watchlist for two years. I'm most probably wrong and so regard me as a counter-indicator.

[simmsc] 30/11/2022 09:30

Just taken a big slug of these. 23m profit guidance compared to what they have produced over the last few years is not that bad!

[babbler] 30/11/2022 09:10

Getting tempting...

[pdwop] 30/11/2022 08:49

Too much debt in this environment.

[brucie5] 30/11/2022 08:49

This is what I posted on June 25th. I guess we're pretty much there.
Is anyone able to confirm their best shout for the prospective dividend, please?

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Brucie510 Jun '22 - 16:13 - 706 of 815 Edit
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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.

[bubloo] 30/11/2022 08:44

I suspect it is the statement that difficulties will extend to next year that has spooked market. need to wait to middle of next year for an entry at a good price .looking at trades may well end in the 80 pence range

[babbler] 30/11/2022 08:32

No. Not bad at all. But market concentrates on the reduction. Might be a good op here.

[bubloo] 30/11/2022 08:15

profit guidance that is double that of interims with eps of around 12 that is not bad though is it

[charlotte2020] 30/11/2022 08:14

Awful. Again

[elsa7878] 30/11/2022 08:06

Yeah and net debt now up to £100 million too....

[dr biotech] 30/11/2022 07:10

Guidance now 23m, was 27-29m. Going to be a tough day.

[bothdavis] 25/11/2022 17:56

Have shares in this company....good moat for products, keeps excellent trademark protection on products, if you need a kettle, you need a kettle!

Bet your bottom dollar it will have a Strix product in it!