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| 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
|
|
|---|---|---|---|---|---|
| -0.10 | -0.23% | 42.60 | 182,475 | 16:35:05 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 42.00 | 42.40 | 44.50 | 42.00 | 44.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Manufacturing Industries,nec | 144.59M | 16.2M | 0.0741 | 5.67 | 93.39M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:05 | UT | 3,433 | 42.60 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 26/3/2025 | 13:18 | UK RNS | Strix Group PLC Holding(s) in Company |
| 31/1/2025 | 19:52 | ALNC |  IN BRIEF: Strix sees pretax profit ahead of market expectations |
| 30/1/2025 | 07:00 | UK RNS | Strix Group PLC Trading Update |
| 02/1/2025 | 16:06 | UK RNS | Strix Group PLC Holding(s) in Company |
| 05/12/2024 | 12:28 | UK RNS | Strix Group PLC Holding(s) in Company |
| 29/11/2024 | 07:00 | UK RNS | Strix Group PLC Investor Event |
| 27/11/2024 | 11:13 | ALNC | Strix expects full-year profit decline amid weaker second-half trading |
| 27/11/2024 | 07:00 | UK RNS | Strix Group PLC Trading Update |
| 15/10/2024 | 15:33 | ALNC | TRADING UPDATES: Strix lauds "milestone"; Quartix to meet expectations |
| 15/10/2024 | 07:00 | UK RNS | Strix Group PLC 3 Billion Kettle Controls Manufactured |
Strix (KETL) Share Charts1 Year Strix Chart |
|
1 Month Strix Chart |
Intraday Strix Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/4/2025 | 09:22 | *** Strix *** | 1,305 |
| 06/12/2022 | 20:40 | Strix and corporation tax | - |
| 08/8/2017 | 11:30 | STRIX | 14 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2025-04-25 15:35:05 | 42.60 | 3,433 | 1,462.46 | UT |
| 2025-04-25 15:29:19 | 42.25 | 7,500 | 3,168.68 | O |
| 2025-04-25 15:04:40 | 42.37 | 5,000 | 2,118.30 | O |
| 2025-04-25 15:03:35 | 42.55 | 10 | 4.26 | O |
| 2025-04-25 15:00:55 | 42.00 | 5,163 | 2,168.46 | AT |
| Top Posts |
|---|
Posted at 25/4/2025 09:20 by Strix Daily Update Strix Group Plc is listed in the Manufacturing Industries,nec sector of the London Stock Exchange with ticker KETL. The last closing price for Strix was 42.70p.Strix currently has 218,714,000 shares in issue. The market capitalisation of Strix is £91,859,880. Strix has a price to earnings ratio (PE ratio) of 5.67. This morning KETL shares opened at 44.50p |
Posted at 23/4/2025 11:11 by asterix13 I've read over 90% of kettles are made in China now, so it makes sense to have their controls there.I'm unsure on the IP - a blind spot. I assume, like previous posts, most of the IP isn't protected. Newer, smaller, more energy efficient controls have IP protection. The automated China factory and new lower cost control for China and less regulated markets should protect (or potentially grow) market share. It is, after all, a product that mixes water and electric. As an OEM, I'd want the trusted technology in my product. |
Posted at 30/1/2025 07:30 by edmonda A positive end to the year bodes well - new research report: In the latest trading update from Strix Group management has reported that it remains comfortably within the previous guidance for FY24 of £18m-£19m at constant exchange rates (CER) and ahead of consensus estimates. December proved better than initially anticipated, which followed a challenging period from the start of Q3, particularly in its higher margin regulated kettle control markets in the UK and Germany. Q4 benefitted from a combination of product launches / new contracts within all three divisions, with demand from OEMs higher during December. We have accordingly increased revenue and adj. PBT expectations for FY24 by 1% and 4.5% respectively, with estimates for FY25 raised by 1.5% at the adj. PBT level. We have consequently increased our fair value / share to 105p (previously 102p). |
Posted at 30/1/2025 07:22 by masurenguy Trading UpdateStrix Group Plc is pleased to provide an update on trading for the financial y/e 31 December 2024. Strix is pleased to confirm that it will report adjusted profit before tax for FY24 ahead of market consensus (as at close on 29 January 2025) and comfortably within the previously announced range of £18m to £19m (on a constant currency basis ("CER")). The Kettle Controls division has maintained its dominant market position and stable market share in the regulated and less regulated markets, despite trading volatility in Q4 2024 in its key regulated end consumer markets, such as the UK and Germany. New products launched in Q4 2024 have been well received and are gaining traction with customers, with the launch of the next generation of innovative controls on track to launch in H1 2025. New product development by the Kettle Controls division is focused on producing solutions that can be sold across additional market segments, while also increasing Strix's addressable market. As expected, Billi continues to perform well with a return to double digit growth in Q4 2024. This has predominantly been supported by successful product launches in Australia, which are expected to launch in the UK and Europe in the first half of 2025. The division continues to execute against its geographical roll-out strategy which is gaining traction in Europe and has secured contracts with seven distributors in Europe at the date of this announcement. The Consumer Goods division is slightly below the prior year (CER), as planned, following the previously announced successful restructuring initiatives. Key incremental retail contracts secured for 2025 are progressing well. In Q4 2024, Strix began manufacturing appliances for a leading global baby brand in its China factory which continues, with additional products to be introduced later in 2025. The Group has actioned a number of structural improvements in the year to support the long term growth aspirations of the business with strategic hires across the finance team, Billi and business and commercial development teams. The net debt position remains a key priority for the management team. Ongoing cash conservation actions have resulted in strong cash generation in the period, allowing the Group to maintain a year-end net debt leverage of below 2x. The Strix management team is attending the Spring Canton Fair in mid-April and therefore, the Group expects to report its Full Year results on 30 April 2025. This will give Strix greater clarity on market dynamics and the forward order books of its OEM partners ahead of publishing its Full Year results. |
Posted at 17/12/2024 22:35 by steamer99 hxxps://www.sharesmaApologies if already posted but didn't see it had been. Interesting watch. |
Posted at 27/11/2024 10:02 by steamer99 whilst waiting for this update they promised I was a little anxious but thankfully not toooo bad.I'm still good with this stock and optimistic for 25. Still market leader, strong cash generator, divs will return, no debt issues, billi acquisition promises, next gen / new products coming into play. Not sure the China market will move needless much but might help leverage that factory asset to squeeze a bit more margin out the entire piece. Perhaps too optimistic in guidance for a while now. credibility maybe a factor in current price, luckily still a solid business model underpinning. Might top up! |
Posted at 27/11/2024 08:02 by edmonda "Recent trading proves challenging" - new research belowAt the time of the interim results in September it was clear that Q3 trading had proven volatile. Unfortunately, this has continued into Q4, with the greatest weakness witnessed in the highest margin areas, compounding the impact of operational gearing. Should the share price decline further as this trading update is digested and test new lows, we feel this presents a strong medium-term opportunity. One should bear in mind that the Group owns one global brand and two premium regional brands (with a desire to distribute globally). The Group’s largest market (kettle controls) is now 20%+ below its previous sales peak in 2019. Our new estimates (see adjustment to prior expectations on page 2) do not factor in much recovery in FY25. Notwithstanding the downgrades, the Group continues to operate comfortably within its core net debt banking covenant. We still see material underlying worth in the global (Strix) and regional /premium (Billi/LAICA) brands but lower our current fair value in line with estimate changes to 102p / share. Link to report: |
Posted at 21/11/2024 11:49 by steamer99 Hi sid, thanks for sharing your insights very useful. The China market on the kettle side I believe is the poor margin performer - rife with copies and substandard low cost products, keep eyes on that regulated part which they say is the margin driver. The practical billi view you give is interesting and shows they have work to do if they are to grow it successfully as they hope. they did however aquire it at what appeared to be a great price from what I've read, a little over 3.8 ebitda,so super platform to build from even with some issues overcome, investment payback pretty quick. I do think the management team have to prove they can acquire and continue to grow something outside their core business of kettle. They grabbed laica brand a few years back for water and small domestic appliance market growth, and that space seems to have been disappointing (if only they'd flogged air fryers!) |
Posted at 24/9/2024 21:10 by sid_b My basic investment thesis for the company was Strix to leverage its cash cow - Kettle controls to invest and profitably grow other related businesses. They tried just that but are struggling to grow their other/new businesses and rather the kettle control cash cow is shrinking.TBH, all is not lost for kettle controls as their innovative kettle control should find a new home in smart kettles with temp display/control, etc. when the consumer demand picks up. However, I still don't see them growing their other businesses meaningfully. Unlike kettle controls, all their other businesses face solid competition. While they have not proven themselves in a competitive arena, they have shown solid operational capabilities. So, I think unless they badly screw up somewhere, they will continue to do decent business, revenue and Share Price might grow with the overall economy, so nothing spectacular. In a good case scenario, there could be a substantial upside if they can crack any of their other markets (smart taps, filters, etc.). So not much to lose, and possibly some upside. |
Posted at 18/9/2024 08:32 by edmonda "Deleveraging picks up steam" - new research report: Today’s interim results to June demonstrated strong progress overall, particularly at the margin level. Double digit growth in the regulated and less regulated kettle control markets was encouraging. Furthermore, the restructuring of the Consumer Goods division and the exit from price sensitive kettle control markets also underpinned the rise in margins. Indebtedness declined markedly, reflecting a combination of firm controls in place, positive cash flow and the placing of 5% of the shares during Q2. However, Q3 has proven volatile within the kettle controls market. Higher commodity pricing (copper/silver) and a less favourable translation rate (Australian dollar and the Euro versus sterling), are expected to have a wider impact to revenues and profitability from H2. As such we have revisited our financial expectations for FY24 and FY25, resulting in adj. EPS downgrades of c. 6% for both years. We have reduced our fair value/share to 145p (from 167p previously), which represents a premium of 74% to the current share price). |
Posted at 11/6/2024 19:07 by darrin1471 I take this to be a very positive move.Sentiment has been negative on KETL debt since the fire sale purchase of Billi. I have invested on the basis that I think the debt is reasonable and can be paid down over the next couple of years. The £8.7m placing accelerates that timeframe and should boost the share price sooner. I would of been adding at the opening tomorrow if I had not of spent my remaining cash already this week. Pure speculation, but I suspect our placing benefactor has been trying to build a stake since March and pushing up the price to quickly for their liking. Better to stop buying or even sell a few and keep the share price steady around 80p before approaching the board with an investment. |
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