Strix Share Discussion Threads

[pottsypotts] 25/1/2024 07:24

Suppose 20 percent lower than 2021 and slowly recovering at least no shocksWhat the market will think is another thing

[dr biotech] 25/1/2024 07:16

Well they seem to have avoided breaching their covenants although trading is quite tough. Probably about as much as we could have hoped for.

[wad collector] 29/12/2023 17:47

Well , the year end share price looks rather more promising than 3 months ago. I think next year might continue the trend providing WW3 does not break out in the Middle East ...

[dr biotech] 19/12/2023 10:12

Yes, fair point. UK/Germany have hardly been booming so fingers crossed. Getting the debt below the covenant will be key. I wonder how much they can do that by running down the inventory now supply chains have eased a little?

[darrin1471] 19/12/2023 10:05

21/09/2023 "The continued macro headwinds have resulted in a reduction in demand in kettle controls in the key export regulated markets of UK and Germany during H1 and a slower than anticipated recovery."
I think KETL have a good idea about where their products end up.

[dr biotech] 19/12/2023 09:26

I doubt they really know. May sell a lot into the Chinese generic manufacturers but where the ultimate destination is may be harder to know.

[wad collector] 19/12/2023 08:56

I think it is fair to say there is a share price recovery. Glad I added at 59p but less so that my original buying price was twice that.
The results, neither interims or full year, give a breakdown of the sales by nation.

[darrin1471] 13/12/2023 10:49

How many of the end products are sold in China? They are made in China but the end markets are regulated western markets? A slowdown in China should reduce the Chinese currency and local cost pressures?

[shaker45] 13/12/2023 10:43

China has huge problems, right now. Not only many thousands of unsold properties with new towers being demolished, also thousands of ev's unsold, and
high unemployment.
unimaginably, they build massive 27 storey pig sties! Now Pork is down 32% year on year. A real downward spiral.
Not a bit like Italy or Germany. 1.4 billion people. Almost 20% of global population.
Kettle switches? Hmm

[thorpematt] 13/12/2023 09:18

Kettle controls tend to have a reversion to mean, so China could well bounce in those terms.

Structurally China has problems. It's demographics (a bit ike Italy and Germany) are such that it will be tough sledding for them.

Long term Strix will be good but predicting short-term trends is beyond my ability.

[shaker45] 08/12/2023 10:08

I think China is more likely to surprise people to the downside. In a spiral with few signs govt will intervene effectively

[chrisdgb] 08/12/2023 09:01

Any fresh thoughts..............? Still think China might surprise people in 2024 to the upside....

[chrisdgb] 22/11/2023 07:51

price moving well here......

[john09] 22/11/2023 07:34

New SCSWatcher thread now has 28 followers which is great. Be good to get around 40 regulars on there ahead of 2024

Please save the thread in your favourites and like it at the top of the thread so we can keep a tab on numbers.

[john09] 14/11/2023 08:48

New thread for sharewatchers. General chat about SCSW followed stocks so investors can discuss 2024 etc. No sharing of subscriber only information

[sid_b] 09/11/2023 19:21

Mind you that Strix may bring expertise in many areas including tech, manufacturing and distribution but servicing is unlikely to sit in their sweet spot. This will be a tricky one to manage,IMHO.

[wad collector] 09/11/2023 17:10

Promising looking recovery in sp, though I still wish they hadn't bought all those posh taps. They look like an invention that didn't need to be made.

[granitehold] 03/11/2023 12:14

As I understood it, the Billi business model was based on effectively a lease-model. The systems bought with an initial payment up front (primarily for business use) were then part of an agreement to service for lifetime (with charges associated with this). So, as far as Billi was concerned, the service was very much part of the business. The upfront product cost + margin should align with the initial sales price, and the service revenue stream should be profitable on its own basis. I see Strix engagement as both a technological one (sharing existing / new IP for future developments), and a margin-buy (to offset the lower margins expected on their foray into consumer goods). I haven't seen anything to suggest Strix are going to change the business model (or actually understand the detail of what they have bought..........)

[epo001] 02/11/2023 11:24

Not clear if they outsource maintenance and the reviews are mostly about servicing; but bad service inevitably reflects badly on the manufacturer. Can't imagine servicing is centralised, has to be outsourced to sales outlets.

The first link has 43 reviews, the second 14, most of which are poor, but out of how many customers? Given that the people who mostly feel motivated to review are those with a complaint this shows that there are 55 disgruntled people.

Perhaps Strix's main job in Australia is to get the distributor/service network in shape. That is a whole new area of management for them.

[darrin1471] 02/11/2023 11:02

Sid_B: Disappointing to read the billi reviews.
However it is worth noting that almost all the reviews are from before the Strix purchase or for the servicing on products purchased before the Strix acquisition.

How do the billi reviews compare to their competitors?

[sid_b] 02/11/2023 08:42

Have you checked the online product review of Billi taps on the Australian equivalent of TrustPilot?
I have always been disappointed with SMART water taps installed in the UK at various places so I still feel that there is an opportunity for a new, better product in the market. However, when I looked at the product review of Billi in Australia, I was disappointed.

hxxps://www.productreview.com.au/listings/billi-boiling-chilled-b5000

hxxps://www.productreview.com.au/listings/billi-filter-tap

[stevenlondon3] 27/10/2023 09:19

My reading of the announcement is that the bank's are closely monitoring the cash flow. Ketl has agreed to reduce the limit to 2.25x by the end of the year. If the banks had not been happy the dividend would have been cancelled.

[typo56] 27/10/2023 09:17

Thanks nw1234

So it fell (or was due to fall) from 2.75x to 2.25x in September but got renegotiated to 2.5x.



At 30 June net debt/adjusted EBITDA ratio (calculated on a trailing twelve-month basis) was 2.66x.

[nw1234] 27/10/2023 09:09

Page 10 of the interim results presentation.

[granitehold] 27/10/2023 09:07

No worries typo56. I believed the 2.25x was at the last statement (talking about Q3 onwards), but I’m now doubting myself. I will check. But you’re right, the reporting/statements to date have been somewhat opaque. I’m hoping the interim CFO will bring some professionalism and clarity.