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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
  0.50 0.18% 280.00 212,755 16:35:23
Bid Price Offer Price High Price Low Price Open Price
276.00 277.50 290.00 274.50 290.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 95.31 25.45 12.20 23.0 578
Last Trade Time Trade Type Trade Size Trade Price Currency
17:22:23 O 121 280.00 GBX

Strix (KETL) Latest News

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Strix (KETL) Discussions and Chat

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Date Time Title Posts
28/4/202111:04*** Strix ***542
08/8/201711:30STRIX14

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DateSubject
09/5/2021
09:20
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 279.50p.
Strix Group Plc has a 4 week average price of 270p and a 12 week average price of 236.50p.
The 1 year high share price is 301.50p while the 1 year low share price is currently 175.20p.
There are currently 206,496,375 shares in issue and the average daily traded volume is 228,553 shares. The market capitalisation of Strix Group Plc is £578,189,850.
28/4/2021
11:04
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/
05/4/2021
15:25
sharesoc: For current investors and potential shareholders, we are hosting a webinar with Strix Group on the 20th April. Mark Bartlett – CEO will present. You can find out more about the webinar here: hTTps://www.sharesoc.org/events/sharesoc-webinar-with-strix-group-plc-ketl-20-april-2021/
26/3/2021
11:03
thorpematt: edmonda, Thanks for posting the link.FWIW I tend to watch these via the You tube link as it allows me to adjust the speed (thus a one hour presentation can be gobled up a bit quicker!) I also see you have an updated 10 page note on your website - again thanks for that. I haven't posted a link to the PDF, since I wasn't sure if you preferred us not to for any reason? In any event, all of the work at ED is very useful indeed - especially since (as per the comments on this BB) there is a certain lack of understanding from some (well-repsected) market comentators (IMO) regarding KETL.
26/3/2021
10:32
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
24/3/2021
07:52
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.
23/3/2021
18:49
trident5: FTB - I haven't seen any attack - have you got a link"? I sold out recently - seems to me there's little growth left in the core business and they're reinventing their business model to try and grow the business with all the attendant risks that brings. Share price looks toppy at these levels.
22/3/2021
00:39
thetwentiestrader: Very impressed by the informed nature of this board, incredibly well researched opinions. I have written a recent article for my website on KETL that you may enjoy reading (link below). One thing I didn’t highlight in the article but since the IP discussion has been brought up here. I read a research note from a well known equity research company not too long ago. The analyst doing a site visit at Strix HQ was made to duct tape his mobile phone camera to prevent any loss of IP. Kettle safety controls are not only complex but heavily regulated products, the risk of reputation damage to a kettle manufacture in using cheap knock offs is essentially complete loss of business. : hxxps://www.thetwentiestrader.com/post/strix-group-a-solid-platform-for-growth
28/1/2021
02:15
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
27/1/2021
17:21
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.
10/1/2021
12:15
thorpematt: EI, Yes I agree. Both in that this is a little under-apreciated and in that the market has lurched towards buying some rather questionable, indebted companies with lacklustre growth prospects and potential headwinds. Where does KETL fit in? Well, the recent presentation which is 1 hour 22 mins. can be viewed here:- hTtps://webcasting.brrmedia.co.uk/broadcast/5fa3af0f4351411bdbe69865 and is well put together and well-presented by the BoD It explains how the company intends to grow EPS by x2 over the next 5 years. I think 2020 sees a fair bit of investment and the benefits of that and the growth profile really is 2021 to 2025. The CFO explains this very well and the other board memebrs demonstrate that they are entirely in tune with this also. My belief is that KETL is a very high quality company with very decent growth prospects. Such companies in today's low interest rate environment warrant high PERs. Currently that is not the case. I have a few stocks in the portfolio which are truly buy and hold and never sell (a la Buffet). But only a few. KETL is one of those. For me we are at a consolidation point as far as the stock- price is concerned. The chart shows a slowing down of trades (a dis-interest of sorts). I suspect it will break from that pennant to the upside in the short to mid-term. free stock charts from uk.advfn.com '>
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