Strix Share Discussion Threads

[weaverbeever] 07/1/2023 16:50

Massive volum yesterday

[masurenguy] 30/12/2022 07:56

GAM Holdings announced earlier this week that they had upped their stake in Strix by 16.5%.

[simmsc] 29/12/2022 22:18

I'm often amazed how shorters can cover ... And the price remains stable (sometimes even going down as they are covering). Good brokers working on their behalf (brokers creating the illusion that there is a seller, when they are actually buying)

[lovewinshatelosses] 29/12/2022 18:32

It is a shame they were able to reduce without difficulty. A squeeze would have been nice :)

[simmsc] 29/12/2022 17:39

shorters closing out their positions. Total disclosable shorts moved from 1.43% to 0.92%. Shorters losing confidence that the share price can fall much from current level.

[lovewinshatelosses] 29/12/2022 11:40

Some might argue they would rather save face, than potentially save lives...but probably enough politics for one day. Ultimately, what will be, will be. I am fully open to a potential retest of 74.70 or possibly brand new lows of course. Dividend yield looks a potential issue as well, although it seems currently quite well covered. Big caveat, obviously. However, to my mind, there is a lot to like about this company. Especially if you are willing to be patient with this one. That is certainly my hope anyway!

[darrin1471] 29/12/2022 11:09

China's zero covid policy could have been seen as a success if China had taken western vaccinations for the vulnerable then have "let it rip".

The initial covid strain was killing 1-2% of those infected. That would have been 14m in a population of 1.4bn.
Today omicron is more transmissible but less virulent and is forecast to kill 100,000s.

My point would be that the Strix update on 30/11 was for only 2 temporary OEM closures and Strix was hit for -40%. Any further disruption or perceived disruption in general could see Strix retest lows. We are unlikely to see any positive news at the Strix January 26th trading update. Chinese new year is January 22nd. Covid and flu peaks after the winter holidays. Urban areas peak first and spread it to the rural areas during winter holidays

Once the peak of covid and any disruption passes then we should see a mini boom for Strix. OEM will be low on stock and any loss in production will need to be made up. Problems in China are unlikely to effect demand in the west. A mini boom may see a small blip in freight rates but Q1 is normally a lower volume period.

[lovewinshatelosses] 29/12/2022 09:36

Given the appearance of near rebellion that the harsh lock downs seemed to be finally causing (although we will never know for sure in that secretive state probably), I think the people will generally just get on with things now and embrace their relative freedoms compared to the past two years, with excess deaths broadly deemed a price worth paying. Especially as they seem to have a different outlook to the West in such matters as mortality.
Anyway, I took a small taster position today right at the top, so fully expecting the share price to drop lower now :) GLA.

[adae] 29/12/2022 08:52

"There has to be a strong possibility that the "let it rip" policy leads to continued supply issues up to and following Chinese new year next month."


Difficult to call China Covid from here - the reopening should lead to a swift peak then decline, but do they have the same multi-variants to run through first.

Will Xi respond to over-flowing hospitals and any unrest that arises from them.

We won't have the first clue what's happening - officially very few Covid deaths, unofficially 50,000+.

Of more relevance to Strix is how long it drags on for, and at least in theory the end of locking down speeds that up.

[lovewinshatelosses] 28/12/2022 19:10

It will be interesting to see whether absenteeism increases in the weeks ahead in China. I find it hard to believe that supply chains will be more disrupted under this new approach than they were under the hard lock down policies pre-December, but we will know with reasonable confidence before January is out, IMO. Not a holder here currently, but it is now on my watch list. Good to see the RNS this afternoon, although if Canaccord continue to reduce, it may stifle the potential for a rise in the days ahead. Which would suit me, as I ponder potentially taking a starter position here. GLA.

[darrin1471] 28/12/2022 18:45

Apple down 10% over the last 2 weeks partially due to reports from China on supply chain issues.
FT "We should be seeing a lot of operations get impacted by absenteeism, not just at factories, but warehouse, distribution, logistic and transportation facilities as well,” said Bindiya Vakil, chief executive of Resilinc, a California-based group that tracks more than 3mn components to provide supply chain mapping services."

Strix have already reported zero covid issues at 2 "OEM customers with further disruption anticipated". There has to be a strong possibility that the "let it rip" policy leads to continued supply issues up to and following Chinese new year next month.

[simmsc] 28/12/2022 17:17

GAM has increased holding again

[brucie5] 28/12/2022 14:39

Ah ha. Thought as much and glad to hear it.
:)

[rcturner2] 28/12/2022 12:53

I've had a nibble here this morning ;-)

[brucie5] 28/12/2022 12:07

Morning RC, intrigued to see you here. Opening up of China should be helpful to KETL, would we not agree?

[gary1966] 28/12/2022 10:18

China should have taken vaccination more seriously. Their arrogance and desire to save face is truly unbelievable. Blood will be on the hands of those in charge but I doubt they will see that or lose any sleep over it. They are a superpower, they should start acting like it.

[rcturner2] 28/12/2022 10:01

Well in Hong Kong they had 10k deaths from COVID after it ran through the population there.

If that death rate happens in mainland China, there will be over 2m dead.

[melody9999] 27/12/2022 20:23

Has anyone seen a COVID prediction where the result was worse than feared by the medical 'experts' or journalists? Thankfully this has not been the case so far and I sincerely hope (and believe) it will not be the case in China either.

[bothdavis] 22/12/2022 16:48

These are soooooo undervalued...............

[chrisdgb] 22/12/2022 08:34

China reopening faster than expected should really help here......

[darrin1471] 20/12/2022 15:19

I read a bit about Strix over the weekend. I came in with a bit of a negative view but now feel a lot more positive. A return to normal trading conditions sees a fair value of double where we are today. Execution of organic growth strategy and the prospect of an updated growth strategy in 2023 could see previous highs.
The acquisition of Billi looks very good value. Not ideal timing but the opportunity for a quick deal on the cheap arose due to the regulators. The forced disposal not only looks good value but presents lots of scope for improvement and additional profit which is likely to be revealed soon.

However I have not bought yet. China in a matter of weeks has moved from zero covid to a "let it rip" policy. CNN is today reporting that in Chongqing public sector employees testing positive for Covid-19 can go to work "as normal".

Omicron is less deadly but more transmissible so what China is facing is unprecedented if they let it rip. 1.4bn population may lead to millions hospitalised and 100,000s dead in the 4 weeks leading up to Chinese New Year and its likely peak in the weeks after.
"Let it rip" or lockdowns is surely going to effect Chinese supply chains again and how will the markets take that?

[texas_caddy] 14/12/2022 12:15

Noted Lord John Lee has bought in - he mentioned in his FT column.

[pottsypotts] 14/12/2022 11:36

Good article, suppose it depends on a few fires from kettles in less regulated countries so they have a change of policy which would help out STIX