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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
|
|
|---|---|---|---|---|---|
| -0.90 | -1.70% | 51.90 | 486,529 | 16:35:08 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 51.80 | 52.00 | 52.90 | 51.60 | 52.90 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Manufacturing Industries,nec | 144.59M | 16.2M | 0.0741 | 7.02 | 115.48M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:36:42 | O | 10,000 | 51.90 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 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 | 14:33 | ALNC | TRADING UPDATES: Strix lauds "milestone"; Quartix to meet expectations |
| 15/10/2024 | 06:00 | UK RNS | Strix Group PLC 3 Billion Kettle Controls Manufactured |
| 18/9/2024 | 06:53 | ALNC | *CORRECT: Strix Group H1 revenue GBP66.1m vs GBP64.9m YoY |
| 18/9/2024 | 06:00 | UK RNS | Strix Group PLC Interim Results |
| 21/8/2024 | 06:00 | UK RNS | Strix Group PLC Equity Development Investor Presentation |
| 25/7/2024 | 06:00 | UK RNS | Strix Group PLC Pre-Close Trading Update |
| 18/7/2024 | 06:00 | UK RNS | Strix Group PLC LAICA’s 50-Year Celebration |
Strix (KETL) Share Charts1 Year Strix Chart |
|
1 Month Strix Chart |
Intraday Strix Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 29/11/2024 | 19:25 | *** Strix *** | 1,270 |
| 06/12/2022 | 20:40 | Strix and corporation tax | - |
| 08/8/2017 | 10:30 | STRIX | 14 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:36:43 | 51.90 | 10,000 | 5,190.00 | O |
| 16:35:08 | 51.90 | 18,704 | 9,707.38 | UT |
| 16:29:29 | 52.00 | 91 | 47.32 | AT |
| 16:28:58 | 52.00 | 23 | 11.96 | AT |
| 16:28:43 | 51.84 | 350 | 181.44 | O |
| Top Posts |
|---|
Posted at 03/12/2024 08:20 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 52.80p.Strix currently has 218,714,000 shares in issue. The market capitalisation of Strix is £113,731,280. Strix has a price to earnings ratio (PE ratio) of 7.02. This morning KETL shares opened at 52.90p |
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 07/10/2024 12:25 by value viper Seems wrong price - no-one touching these better capped AIM shares pre BudgetI understand sadly |
Posted at 24/9/2024 20:10 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 07:32 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 25/7/2024 06:31 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 06:44 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 11/6/2024 18:07 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 23/8/2023 16:02 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. |
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