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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Strix Group Plc | KETL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.60 | 0.82% | 73.40 | 12:04:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 72.00 | 72.00 | 73.40 | 72.80 |
| Industry Sector |
|---|
| HOUSEHOLD GOODS & HOME CONSTRUCTION |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 21/09/2023 | Interim | GBP | 0.009 | 16/11/2023 | 17/11/2023 | 29/12/2023 |
| 29/03/2023 | Final | GBP | 0.0325 | 29/06/2023 | 30/06/2023 | 11/08/2023 |
| 21/09/2022 | Interim | GBP | 0.0275 | 06/10/2022 | 07/10/2022 | 28/10/2022 |
| 30/03/2022 | Final | GBP | 0.056 | 12/05/2022 | 13/05/2022 | 10/06/2022 |
| 22/09/2021 | Interim | GBP | 0.0275 | 30/09/2021 | 01/10/2021 | 07/10/2021 |
| 24/03/2021 | Final | GBP | 0.0525 | 06/05/2021 | 07/05/2021 | 02/06/2021 |
| 23/09/2020 | Interim | GBP | 0.026 | 08/10/2020 | 09/10/2020 | 30/10/2020 |
| 18/03/2020 | Final | GBP | 0.051 | 07/05/2020 | 11/05/2020 | 03/06/2020 |
| 18/09/2019 | Interim | GBP | 0.026 | 26/09/2019 | 27/09/2019 | 25/10/2019 |
| 21/03/2019 | Final | GBP | 0.047 | 09/05/2019 | 10/05/2019 | 03/06/2019 |
| Top Posts |
|---|
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 penceFollowing 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 03/4/2024 11:04 by edmonda Strix Group plc - Investor Presentation & Q&A (FY23 Results) - March 2024Mark 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 28/3/2024 11:50 by edmonda Strix Group - Management interview & Investor Presentation (FY23 results)Mark Bartlett, CEO, and Clare Foster, CFO, of Strix Group plc answered a series of questions following publication of FY23 results for the 12 months ended 31st December 2023. Subjects ranged from growth in kettle controls to the dividend and Billi, as well as the outlook for the company. The interview is available to see below. In a separate video, the team conducted an Investor Presentation where they discussed highlights of the period, provided a Financial review, and went into detail on performance and prospects for each of the Group's business categories. Both videos have been divided into chapters for ease of viewing: |
Posted at 27/3/2024 08:45 by dr biotech Axing the dividend is the right thing to do in the circumstances, but its always going to hit the share price Increasing the covenant to 2.75 is sensible and that should ease fears of breaking them. Results pretty much inline, no further deterioration of trading but no rapid comeback either.Nothing about Halosource, I guess that has been axed |
Posted at 08/2/2024 08:24 by masurenguy Liberum: Debt reduction at Strix improves valuation discountLiberum has reduced the valuation discount to peers that it placed on kettle component maker Strix (KETL) after stronger-than-expect Analyst Edward Maravanyika retained his ‘buy’ recommendation and target price of 100p on the stock, which was trading sideways at 66.8p on Wednesday after a full-year 2023 trading update highlighted stronger than expected net debt reduction, with the leverage multiple falling within the year-end bank covenant limit. "The kettle controls market is still trading 20% below 2021 level as the recovery of this market is now slower than previously anticipated. Consequently, the company stated that full-year profit after tax came in modestly below previous expectations." he said. With the balance sheet improved, Maravanyika reduced the valuation discount to the peer group, ‘helping to offset the impact of cutting estimates’. |
Posted at 19/12/2023 10:05 by darrin1471 21/09/2023 "The continued macro headwinds have resulted in a reduction in demand in kettle controls in the key export regulated markets of UK and Germany during H1 and a slower than anticipated recovery."I think KETL have a good idea about where their products end up. |
Posted at 27/10/2023 09:19 by stevenlondon3 My reading of the announcement is that the bank's are closely monitoring the cash flow. Ketl has agreed to reduce the limit to 2.25x by the end of the year. If the banks had not been happy the dividend would have been cancelled. |
Posted at 21/9/2023 14:42 by kalai1 Strix Group plc posted Interims for the 6 months ended 30th June 2023 this morning. The Group reported revenue of £65.2m an increase of 28.6%, adjusted EBITDA was £15.6m a decrease of 1.9% versus the same period in prior year, adjusted PAT was £5.7m, a decrease of 50.9% versus the same period in prior year (£11.9m) mainly attributable to interest and finance fee costs due to an increase in the net debt to fund the Billi acquisition and a higher interest rates environment. Net debt increased to £93.1m (FY 2022: £87.4m) due to the strategic acquisition of Billi, this represented a net debt/adjusted EBITDA ratio of 2.66x. Valuation looks attractive with forward PE ratio at 7.2x and dividend yield nearly 7%, but share price remains in a 2-year correction and lacks positive momentum accordingly. Monitor for now......from WealthOracle |
Posted at 21/9/2023 11:38 by dr biotech Shares in Strix Group PLC (AIM:KETL) melted 42% to 52.3p after it reported a large fall in first-half earnings and cut its dividend as a recent acquisition pushed its debt ratios higher.Revenue of £65.2 million was up 28.6% year on year, helped by the £38 million purchase of instant-boiling and sparkling-water taps manufacturer Billi in October 2022 offsetting a reduction in organic sales, particularly in kettle controls. Profit after tax declined 51% to £5.7 million in the six months ended 30 June 2023, mainly attributable to interest and finance fee costs due to an increase in the net debt to fund the Billi acquisition amid the higher interest rates environment. The company expects full-year adjusted profit after tax to be in excess of £21 million, compared with the Bloomberg consensus of £25.9 million. Strix cut its interim dividend to 0.9p from 2.75p last year, noting that the increase in net debt due and high interest rates meant it "continues to take precautions to balance the capital allocation priorities". Broker Shore Capital said it saw a risk of a further cut to forecasts and puts its rating under review, though said it does not expect debt covenants to be breached. "We expect net debt to remain within the 2.75x covenant threshold. The company delivered £15.6m in H1 and would only need to deliver EBITDA roughly in line with H1 in the second half to be within the limit if net debt remains close to £87m (we expect some reduction in net debt)." Analysts at Stifel said the results were disappointing too and reduced its full year forecasts "materially". "There is a lot to digest here, and the weak near-term news is likely to dominate the initial reaction, but the group is working hard to secure a sustainable base for long-term expansion, building on the foundations created through years of heavy investment in the core business, and the strategic acquisition of Billi (which is trading strongly, with its integration into Strix on track)." |
Posted at 21/9/2023 09:37 by edmonda Tough update from Strix (LON:KETL) today as profitability has declined on all measures.- customers ordering frequently but in lower volumes - dividend reduced to focus on reduction of debt - The £6m reduction in Kettle Controls EBITDA offset the £5.2m contribution of Billi. There is a CMD to accommpany results and this includes several new strategic objectives, with a plan to the end of FY26. The goals are: - an uplift in revenues between FY22 and FY26 of 93% to £206m - gross profit to £80m, equating to an unchanged margin of 38.8%. Full note here: |
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