Share Name Share Symbol Market Type Share ISIN Share Description
Strix Group LSE:KETL London Ordinary Share IM00BF0FMG91 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.90p +1.39% 138.90p 137.80p 140.00p 142.10p 137.00p 137.00p 243,022 13:36:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction - - - - 263.91

Strix Group Share Discussion Threads

Showing 51 to 75 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
25/11/2017
16:37
Strix (KETL) It’s somewhat of a cliché, but some of the best investments can be the dullest-sounding. Strix is another new entrant to the stock market, having listed on AIM in early August. It makes heating elements for kettles. While Luke Biermann, manager of the Schroder UK Dynamic Smaller Companies fund, admits it’s a pretty dull business, “what’s interesting here is that they are absolutely dominant”. Strix has a market share of over 70% in the UK, US and Turkey and over 50% in China. On Tuesday, it boasted of having surpassed the sale of 2 billion products worldwide. The growth opportunity here, says Biermann, is in through emerging markets and in the US. As emerging markets become more affluent, consumers demand better-quality products, he explains. Strix has the biggest and most efficient production facility, meaning it produces better products that are cheaper to purchase than its competitors. In the States, there is a healthy living trend that is pushing consumers from coffee towards tea. While kettles remain rare across the pond, it makes controls for ready-to-go hot water taps, which is “penetrating quite nicely”. Having floated at £1 per share, Strix opened for trading at 134p and is currently 6% higher at 142p. http://www.morningstar.co.uk
masurenguy
18/11/2017
14:32
martin - the debt was well-flagged in the prospectus. They seem to have pulled a fast one by advertising the IPO as "debt free", but as explained, their major shareholder, AAC Capital, wanted exit payment. Note too that none of the IPO monies went to the company. With an IPO, I never invest within a year or so without reading the prospectus. I suppose this is a decent company, but the way they've engineered the float looks a bit iffy to me.
jonwig
18/11/2017
12:24
I need to amend my above comment about debt. I have become aware that the debt moved from net Cash of C:£12m to a net debt of C:£60m towards the end of July. It seems that this is what is referred to as a 'post balance sheet event', meaning that the change took place after the accounting period end. It therefore wasn't included within the Interims but was significant enough that the directors felt they should disclose it in some way. As such it's not reflected in the headline figures. You'll notice it says that this happened on the 27th of July, meaning that as of the end of June, the total debt figure was indeed still just £1m, but that increased to £60m by the end of July. I was annoyed with myself for not reading the Cash Flow statement properly and relying on 3rd party sites for information. However, I am still happy enough to retain my position there. Sorry if this created any problems for anybody. Martin
martinthebrave
17/10/2017
10:11
Just bought an opening position. Nice dominant market position, no Debt, priced at Book value with a relatively low PE. Too good to miss out on!
martinthebrave
15/10/2017
19:08
Excellent following SCSW
nw99
15/10/2017
18:38
Midas share tip today http://www.thisismoney.co.uk/money/investing/article-4980778/MIDAS-SHARES-TIPS-Drink-Strix-Group.html
tanneg
15/10/2017
17:25
KETL Strix group recent new float, lovely uptrend channel formed and share price on the very base of the channel. Trades on a forward P/E of just over 11. Techie company. Last update....https://www.investegate.co.uk/strix-group-plc--ketl-/rns/interim-results/201709270700069001R/ About Strix Group plc Isle of Man based Strix, is a global leader in the design, manufacture and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration. Strix's core product range comprises a variety of safety controls for small domestic appliances, primarily kettles. Kettle safety controls require precision engineering and intricate knowledge of material properties in order to repeatedly function correctly. Strix has built up market leading capability and know-how in this field since being founded in 1982.
3rd eye
02/10/2017
16:03
ST has updated his target price from 150p to 165p in the IC online today which usually drives an intraday surge in interest. We will have to see if today's high holds. I was a bit squiffy here having bought on IPO day and been underwater until last week.
steve3sandal
02/10/2017
14:33
440k buy nice
nw99
27/9/2017
06:59
7% yield nice
nw99
08/9/2017
09:06
Supported by strong share price performance and a substantial new arrival, August 2017 saw AIM’s market value breach £100bn. Our latest Blog covers all the new arrivals and compares AIM today with the market in 2007, the last time it hit the magical £100bn level.
investorschampion
05/9/2017
19:10
Strix heyday was in the noughties, different world for them now. Core patents have expired which puts them at the mercy of copyists and others, hence the drop in market share. R&D activity also appears to have slowed. Without patent protection, this is a tough market with constant price pressure and reduced margins. AIM rewards growth, I can only see decline from this position.
adnatrob
05/9/2017
11:29
Ready to run
middlesboroughfc
04/9/2017
07:10
Tipped in Sharewatch
nw99
29/8/2017
07:08
You're probably wondering why it's up 3% this morning. It's because I sold most of my holding last week. No need to thank me if you hold.
runthejoules
15/8/2017
15:38
From Twitter Investor's Champion‏ @investchampion 40m40 minutes ago More Strix - Admin Doc fails to elaborate on covenants attached to credit facility propping up this business - awful! http://bit.ly/2uXTPjC
halifax121
15/8/2017
11:30
Investors Champion has a research note headed "If it Looks too Good to be True ..." and cites some omissions in the prospectus. Not free, costs £3.20 (I think). Haven't bought it myself.
jonwig
10/8/2017
09:01
lots of 135p buys, bodes well
malcolmmm
09/8/2017
19:56
Regarding patents - from the admission document, "Strix has a portfolio of intellectual property protecting a variety of product features across its product range.The portfolio includes over 150 patents, and Strix actively defends these from infringement, taking legal action where appropriate. The strength of Strix’s intellectual property portfolio has been tested on numerous occasions and enforcement of its IP rights has resulted in payment of license fees or damages in various countries around the world, including cases won by Strix in China."
tanneg
09/8/2017
12:05
We shall see, they aint standing still
malcolmmm
09/8/2017
11:43
Agreed, it was impressive then but it’s now that matters! Strix heyday was in the noughties, different world for them now.
adnatrob
09/8/2017
11:21
- even now Strix supplies 39% of the market by volume (50% by value) and it has relationships with numerous domestic appliance brands and retailers including Rowenta, Tefal, Tesco, Kenwood and Morphy Richards. In 1997, with its domestic manufacturing facilities straining to meet demand, Strix opened a factory in China, which also served as the base for its growth in the region, the biggest kettle market in the world. I can see these at 175p in the shortish term, very good dividend as well
malcolmmm
09/8/2017
10:41
Hussey left the company approx. 2 years ago and it appears that his R&D centric approach left with him. Apart from the control mentioned I can't see anything else that is new.
adnatrob
09/8/2017
10:26
No doubt the Chinese copycats have already copied the new controls too.
phowdo
09/8/2017
10:23
So they win damages and then the Chinese copycats carry on regardless
spob
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