Share Name Share Symbol Market Type Share ISIN Share Description
Strix Group Plc LSE:KETL London Ordinary Share IM00BF0FMG91 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  2.50 0.71% 356.00 866,899 16:35:17
Bid Price Offer Price High Price Low Price Open Price
357.00 358.50 361.00 350.00 350.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 95.31 25.45 12.20 29.2 735
Last Trade Time Trade Type Trade Size Trade Price Currency
17:44:30 O 2,027 356.036 GBX

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Date Time Title Posts
06/9/202113:29*** Strix ***581

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Strix (KETL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-09-17 16:44:30356.042,0277,216.85O
2021-09-17 16:41:55356.0089316.84O
2021-09-17 16:41:03356.515341,903.76O
2021-09-17 16:40:23356.0032113.92O
2021-09-17 16:00:19357.3010,21836,509.02O
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Strix (KETL) Top Chat Posts

Strix Daily Update: Strix Group Plc is listed in the Household Goods & Home Construction sector of the London Stock Exchange with ticker KETL. The last closing price for Strix was 353.50p.
Strix Group Plc has a 4 week average price of 349.50p and a 12 week average price of 310p.
The 1 year high share price is 390p while the 1 year low share price is currently 209.50p.
There are currently 206,496,375 shares in issue and the average daily traded volume is 298,898 shares. The market capitalisation of Strix Group Plc is £735,127,095.
palwing32: I decided to plug myself into this boiling KETL last wee. Now wondering if I plugged in just before it was about to switch off or boil dry?
alter ego: New factory fully operational "the opening ceremony for its new factory within Zengcheng district in Guangzhou, China, took place on Friday 27 August 2021 and that manufacturing is fully operational. The new factory will double the Group's current manufacturing capacity enabling it to grow the business and deliver its stated strategy of doubling revenues over the next five years. Efficiencies and further in-sourcing arising from the new manufacturing facility are expected to have a positive effect on margins." hTTps://www.londonstockexchange.com/news-article/KETL/new-chinese-factory-now-fully-operational/15115821
scooper72: Good average price. Just went and checked mine and it is not quite as cheap but still not bad at 169p, also happy to hold these for the long term and will be keen to pick up more if there is a broader market correction at some point.
crazycoops: FYI, Liberum have initiated coverage with a buy rating and 460p price target which probably explains today's rise.
edmonda: The pre-close update demonstrates ongoing strong trading across the Group, with revenues ahead 50% yoy in H1 and in-line with previous guidance (+30% for FY21 and a doubling of revenues by end 2025). Both the continued recovery within Kettle Controls and the traction that new products are seeing within the water and appliance segments, drove the strong progress during H1. Gross margins remain in-line following price increases within legacy products and ongoing efficiency measures. We see no reason to adjust estimates at this stage, with further guidance to emerge at the interim results in September. Yet we continue to feel that the current undervaluation of Strix shares is unwarranted, relative to both its peers and to growth levels. https://www.equitydevelopment.co.uk/research/simmering-nicely
sharesoc: In case you missed our webinar with Strix Group the recording and stockopedia report can be found here: hTTps://www.sharesoc.org/seminar/sharesoc-webinar-with-strix-group-plc-ketl-20-april-2021/ To access the recording, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hxxps://www.sharesoc.org/membership/ Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the recording (and recordings/reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hxxps://www.sharesoc.org/contact-us/
edmonda: #KETL Following a year where the business successfully navigated the pandemic, Strix's management team, Mark Bartlett, CEO, and Raudres Wong, CFO, sit down to discuss how they have continued to grow their share of the kettle controls market, the opportunities for growth that lie within the water and appliances divisions, and the successful integration of the LAICA acquisition. Despite the share price more than doubling since its March lows, the management team set out their strategy to deliver a doubling of revenue in the next five years. https://www.equitydevelopment.co.uk/research/full-year-results-investor-presentation
martinthebrave: KETL No signs of the forecast problems within yesterday's Shore Capital note. Margins are Up another 0.5% to 41.4% & 5y plan to double Rev's predicated on growth within Water & Appliances is still on track. share price should recover today.
thorpematt: Just read the posts here. I am going to make a quick comment (not got time to go into all of the points in detail). Paul does a REMARKABLE job of analysing numerous companies on a daily basis. Some of the points he makes here though are driven by a lack of intimate understanding of the company IMO (which is understandable). If we look for example at the cashflow, he highlights significant recent capital spending. Clearly if R&D is persistent and repeated it is NOT a capital exceptional expense but more an operating one. However KETL has a new factory and acquisitions which are key to its expansion and growth plans and these are one off significant costs (and the reason for it lowered cashflow during the period). It's confidence in past and present cashflow are why its divi is retain. Its operating cashflow has paid the divi. The debt is to pay for the one off cap-ex. With regard to the reason behind the halo pure acquisition: What will make this profitable is that KETL intends to levarge its significant global distributon and market presence to exploit the well-known, growth area in purer water for humans and animals and the goal to challenge the market leader for market share. "How come KETL can make so much profit"? The principle that kettle controls aren't particularly high tech and that the basic concept doesn't make sense rather highlights KETLs ability to leverage - since it has outstanding ROE and ROCE production it must be very capable in this regard. As long term holders will know the IP issue is something that KETL has been extremly succesful in protecting (and in fact developing). The point that in China everything is copied (faked) is in fact the very reason that it has been able to fight this so succesfully (from within). KETL is one of China's own when it comes to manufacturering. As such the authorities have actually assisted KETL to erradicate fakes. Where KETL really impresses me moving forward is that there is a growing rise in demand for its IP. There is modest growth predicted for kettle controls globally but KETL has identified much larger growth opportunities and market places for its bolt on acquisition's products and that is the very reason that these intangibles are on the balance sheet and not without value. So in summary, I absolute respect Paul's opinion and he is more than entitled to express it without critcism or heckling from others. My thoughts are that in this instance whilst I do understand why he would flag those points, I believe that it is a lack of intimate knowledge of the company, its strategy and history which gives rise to a lack of context for the present set of results. Again for anyone viewing this stock I would say it imprtant to understand where the company is evolving and to do tht the recent presentation does a great job of explaining that. Here: - hTtps://webcasting.brrmedia.co.uk/broadcast/5fa3af0f4351411bdbe69865
nick_dunton: I'm sure the formatting of this will come out horribly, but here is Paul Scott from Stockopedias take on today's update.. not what I was expecting!Strix (LON:KETL)Market cap £503m at 244pTrading UpdateStrix Group Plc (AIM: KETL), the global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, is pleased to announce the following trading update for the year ended 31 December 2020.Key points -"Marked recovery in H2 as anticipated"Adjusted profit after tax of c.£29.5m, up 2% on LYStrong order book visibility for Q1 2021Positive commentary on both the core kettle controls division, and water filtration (LAICA acquisition). New products, and geographic expansion planned for 2021.HaloPure - I'm not so sure about this acquisition. Looking back at its time as a standalone listed company, its performance was dismal - tiny revenues, and loss-making. So why would it suddenly become good?Admin costs - looking at the 2020 H1 results, the P&L looks unusual, in that most of the gross profit flows through to the bottom line. There seems to be very low administration costs, only £1.4m in H1. Although considerably more (£2.5m) are classed as exceptional in H1 2020, and £4.0m exceptional admin costs in H1 2019.The company says that it's highly cash generative, and has a robust balance sheet (which it actually doesn't, as if often the case when companies make such a claim).Balance sheet - as at 30 June 2020, KETL had NAV slightly negative, at £(1.2)mIf we deduct £9.4m intangible assets, then NTAV was negative £(10.6)mThere was £49.0m borrowings in long-term creditors, a hefty chunk of debt.This is quite obviously not a strong balance sheet. Whether that matters though? Probably not, if it can keep generating strong cashflows.Cashflows are they really that good? The big divi last time seems to have been paid for through increased borrowings, not from profits. I see from the interims that in H1 2020 and H1 2019, more than half of the cashflows ended up going into capex, capitalised R&D, and purchase of intangibles. An amber flag here, it needs more work to get comfort on cashflows..WlukOEsuOI9NKU3eZdZXv2DuhNPe-O4DxRNpI1aIjliqZCj_lqWONY-85zqzRBaESsfL5J2v2j4FyMj9diikuz_utU9MX_bmQBbCHYN_ccrDApPMEhcPKZtVUonn8PuafEXZcgZ7.My opinion - I don't like this one. Some accounting questions above, too much debt, a weak balance sheet, and a dubious acquisition of HaloSource.In addition to that, the basic concept doesn't make sense to me. Kettles are cheap, almost disposable, very simple items. There's nothing high tech in a kettle. How come KETL can make so much profit, selling parts for kettles then? They seem to be made in China, so no respect for IP there. Hence surely the product would be ripped off & undercut by competitors? That's what happens with everything else, so why would kettle controls be any different? It doesn't make sense to me.I'm sure the same question was asked by all the big name institutions who bought into the IPO, so there must be a persuasive answer to my question, which they will all have asked too, I'm sure.Overall then, it doesn't work for me, so I won't be investing.
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