ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

KETL Strix Group Plc

88.60
0.30 (0.34%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  0.30 0.34% 88.60 220,360 16:35:03
Bid Price Offer Price High Price Low Price Open Price
87.10 89.00 89.00 87.10 87.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Manufacturing Industries,nec 144.59M 16.2M 0.0741 11.88 193.12M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:03 UT 1,654 88.60 GBX

Strix (KETL) Latest News

Strix (KETL) Discussions and Chat

Strix Forums and Chat

Date Time Title Posts
25/7/202409:52*** Strix ***1,227
06/12/202220:40Strix and corporation tax-
08/8/201711:30STRIX14

Add a New Thread

Strix (KETL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:0388.601,6541,465.44UT
2024-07-26 15:25:3088.003,9833,505.04AT
2024-07-26 15:25:3088.001,5001,320.00AT
2024-07-26 15:25:2987.903,1362,756.54AT
2024-07-26 15:25:2987.40310270.94AT

Strix (KETL) Top Chat Posts

Top Posts
Posted at 26/7/2024 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 88.30p.
Strix currently has 218,714,000 shares in issue. The market capitalisation of Strix is £192,468,320.
Strix has a price to earnings ratio (PE ratio) of 11.88.
This morning KETL shares opened at 87.80p
Posted at 25/7/2024 07:31 by edmonda
"Early operational recovery and net debt cut"

We are encouraged by the H1 trading update. The highlight was the news that the decline in indebtedness/key covenant ratio has triggered a lower interest rate on outstanding debt. The update stated that the net debt/EBITDA ratio had fallen comfortably below the 2x level. We envisage this falling to modestly below 1.7x by the year end and achieving the Group’s target of 1.5x during FY25.

Good progress was seen within Kettle Controls and Billi during the period. Shipments of kettle controls are ahead yoy, led by improvements in the regulated and less-regulated markets. The launch of a new range of low cost controls into the less regulated and Chinese markets during H2 should help Strix to further improve its market share. We note that UK housing transactions improved yoy from April, a key determinant in the replacement of small domestic appliances.

Billi should build on the positive progress witnessed during H1 as new products are launched and its expansion into Europe via sales and service partners. As such, we anticipate an acceleration in growth levels, commensurate with the double-digit uplift witnessed in previous years within Premier Filtration Systems.

With no change to financial estimates, as per guidance, we retain our fair value/share of 167p, suggesting that the shares remain materially undervalued.

Link to report:
Posted at 20/6/2024 07:44 by edmonda
"AGM statement offers encouragement to investors"

Ahead of today’s AGM, Strix has issued a trading update. Encouragingly, management note signs of recovery within the kettle controls market ahead of peak season, and adj. PBT expectations for the full year remain unchanged. YTD cash conservation actions have resulted in cash generation running ahead of internal expectations which, combined with the recent placing, means reductions in net debt/EBITDA leverage are ahead of plan. We retain our prior estimates and a fair value of 167p/share almost twice the current share price.

We maintain our fair value/share of 167p and think the shares remain materially undervalued relative to the average of our valuation models.

Link to note:
Posted at 12/6/2024 09:29 by masurenguy
Thanks for that link edmonda. Looks like a reasonable placing price given the weakness in the shareprice over the past 9 months.
Posted at 12/6/2024 08:53 by edmonda
"Successful placing to accelerate deleveraging" - link to note:

Strix has completed a new equity placing initiated by an investor that will raise approx. £8m of proceeds, with the placing shares expected to be admitted to trading on 14 June. The funds will accelerate the pace at which it achieves self-imposed targets on the level of headroom on its key banking covenant. As such, the refinancing of the Group’s banking facility set for 2025 should now be on more favourable terms. The group can now speed up investment in sustainable growth should suitable opportunities arise, while remaining cognisant of the balance sheet.

We have slightly reduced our fair value to 167p / share, reflecting the level of adj. EPS dilution. In our view, the Group remains materially undervalued relative to its peers, particularly now its balance sheet has been strengthened.
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.
Posted at 16/4/2024 22:45 by darrin1471
Mark Bartlett, Chief Executive Officer has purchased 68,385 shares at an average price of 72.75 pence
Following this purchase, Mark Bartlett is beneficially interested in 2,745,147 Ordinary Shares representing 1.26% of the issued share capital of the Company.

KETL approaching 200ma.
Posted at 04/4/2024 15:27 by chrisdgb
Price has been pretty resolute......
Posted at 03/4/2024 11:04 by edmonda
Strix Group plc - Investor Presentation & Q&A (FY23 Results) - March 2024

Mark Bartlett,, CEO, and Clare Foster, CFO, of Strix Group plc (AIM: KETL) held an Investor Presentation covering their Full Year results. Management discussed the pace of recovery within Kettle Controls, the rationalisation that is ongoing within Consumer Goods, and the strong growth at Billi and Laica. They also examined their progress in paying down debt and the temporary pause in the dividend. Questions from investors were answered at the end.

Link to video:
Posted at 19/12/2023 08:56 by wad collector
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.
Posted at 23/8/2023 17:02 by darrin1471
I'm heavily overweight in Accrol. They make own brand toilet rolls, kitchen rolls and wet wipes etc for the UK. Paper prices rocketed. They were able to pass on prices in full but there was some price drag. Pulp prices have been falling since January so expecting some stickiness as input prices fall. ACRL invested heavily in automation in the recent past and that investment should now bare fruit. Own brand volumes are growing. ACRL earlier this year said FY23/24 cash generation will be "quite profound".
I bought at last years lows and keep adding. Price stable since January then dropped 10% the last 2 weeks and sitting on top of 200ma.
I would top slice from 60p but watch closely as this may turn into a growth share.

McBride(MCB)my 2nd largest holding make own brand household cleaning products. They were at financial risk last year when I bought at the lows. A wider range of products and markets. UK, Europe and SE Asia. Their input price inflation was severe and they were unable to pass on the price rises quick enough. The share price is up 50% the last 6 weeks and now consolidating. Higher risk, less well run and more variables than ACRL.
I would top slice at 60p to 100p but would continue to hold for possible all time high in 2-3 years.

Jet2. Great customer service and employer. Having a great summer. Profitable, growing and sitting on a pile of cash. Share price down 20% from year highs. Should regain high and more before the end of the year.

Strix. Bought at around a £1 in January and have added. Still waiting.

M&S MKS . I bought in December and have already top sliced but I do think this will continue to rise. Likely to re-enter FTSE 100 and restore dividend this year. Target to double from here in 4 years.

JDW. I've taken my profits but ready to buy back in.

Angling Direct. ANG. Up 50% last 3 months. Would top slice at 60p (another 50%). August 2022 was very hot and river levels were too low to fish in what is normally their best month. H2 like for like should be strong. Long term ANG are expanding across the UK and now EU. Online knowledge is taking over from local shop knowledge allowing ANG to consolidate. A bit of net cash and low EBITDA as they focus on gaining market share. Likely to be taken out by PE or international business who can fund quicker expansion.

I am happy to discuss further on appropriate threads.
Strix share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock