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
  +0.25p +0.18% 139.25p 139.00p 139.50p 140.375p 137.375p 140.00p 2,080,005 16:06:44
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction - - - - 264.58

Strix Group Share Discussion Threads

Showing 51 to 74 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
08/9/2017
10:06
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
20:10
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
12:29
Ready to run
middlesboroughfc
04/9/2017
08:10
Tipped in Sharewatch
nw99
29/8/2017
08:08
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
16:38
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
12:30
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
10:01
lots of 135p buys, bodes well
malcolmmm
09/8/2017
20:56
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
13:05
We shall see, they aint standing still
malcolmmm
09/8/2017
12:43
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
12:21
- 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
11:41
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
11:26
No doubt the Chinese copycats have already copied the new controls too.
phowdo
09/8/2017
11:23
So they win damages and then the Chinese copycats carry on regardless
spob
09/8/2017
11:18
Kettle control maker brews up a counterfeit beating product 30 December 2013 by: Tanya Powley, Manufacturing Correspondent Financial Times It’s not every day a company goes to court over a cup of tea, but for Paul Hussey, chief executive of privately owned Strix, it was more than a storm in a tea cup. Strix, a thermostat specialist and the world’s leading maker of kettle controls, has fought more than 10 patent disputes in court over the past five years. Nearly half of these have been against Chinese companies, accused of copying its controls. In 2010, the Beijing Intermediate People’s Court ordered Zhejiang Jiatai Electrical Appliance Manufacturing and Leqing Fada Electrical Appliance to pay Strix damages of Rmb7.1m ($1.2m) and Rmb2m respectively. While all of the cases have been won or settled positively, the Isle of Man-based company knew it had to fight from another corner: by coming up with a new control that would be cheaper than the counterfeit products on offer. “One of the problems we faced was that we would win in the courts and we would win some damages but it didn’t really stop them from doing what they were doing. They were still able to produce at a lower price than us,” said Mr Hussey. Aware that its intellectual property around its current control was coming to an end in 2015, two years ago Mr Hussey challenged his research and development team to come up with a better and cheaper control that would enable it to compete on price with the copycats. “To be honest it was a bit of a Christmas wish list from Santa Claus,” said Mr Hussey. However, the first quarter of a million units containing these new controls appeared in stores worldwide, including Asda, last month – a year after the patent was registered. Strix expects its business to grow by between 15 to 20 per cent next year on the back of the new technology. “We’re able to grow in markets, such as eastern Europe, Middle East, South America and China, that were previously inaccessible to us because we couldn’t compete on price,” said Mr Hussey. Its emphasis on using intellectual property has been key to the growing success of Strix, which was founded in the mid-1980s. In 2009, 3 per cent of revenue came from products developed in the past five years; today it is 26 per cent. The target for 2014 is around 36 per cent. Turnover, which was £85m this year, is expected to rise to more than £100m next year. While its kettle-related business still represents 85 per cent of the company’s revenues, Strix has been expanding its product range into other appliances, such as instant flow heaters which can go into water dispensers. The company employs around 950 people worldwide, with around 75 based on the Isle of Man.
spob
09/8/2017
10:24
Interesting float. I guess a question of strength/duration of key patents and I find it impossible to get a feel for this. Big market share/high margins but those can be eroded if patents expire etc. OTOH maybe they can innovate, produce more IP, more products etc. "Aware that its intellectual property around its current control was coming to an end in 2015, two years ago Mr Hussey challenged his research and development team to come up with a better and cheaper control that would enable it to compete on price with the copycats. “To be honest it was a bit of a Christmas wish list from Santa Claus,” said Mr Hussey. However, the first quarter of a million units containing these new controls appeared in stores worldwide, including Asda, last month – a year after the patent was registered." www.ft.com/content/cef1ec8e-6975-11e3-aba3-00144feabdc0
eezymunny
09/8/2017
10:23
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 further decline from this position.
adnatrob
09/8/2017
09:57
Worldwide [patents]: https://worldwide.espacenet.com/searchResults?submitted=true&locale=en_EP&DB=EPODOC&ST=advanced&TI=&AB=&PN=&AP=&PR=&PD=&PA=strix+ltd&IN=&CPC=&IC= Refine worldwide patent search here with keywords, etc: Https://worldwide.espacenet.com/advancedSearch?locale=en_EP [Intellectual property Patents] Https://www.gov.uk/topic/intellectual-property/patents [UK Patent number search]: Https://www.ipo.gov.uk/p-ipsum.htm
martywidget
09/8/2017
09:49
spob 9 Aug '17 - 08:04 - 16 of 20 Anyone know what patent protection strix own in relation to kettle controls. European Patents (UK) European patent register: Https://register.epo.org/smartSearch?searchMode=smart&query=strix
martywidget
09/8/2017
09:41
spob 9 Aug '17 - 08:04 - 16 of 19 0 0 Anyone know what patent protection strix own in relation to kettle controls. List of US patents: https://assignment.uspto.gov/patent/index.html#/patent/search/resultAssignee?assigneeName=STRIX%20LIMITED [click on the small image next to the 'ASSIGNMENT OF ASSIGNORS INTEREST (SEE DOCUMENT FOR DETAILS)' for the details of each separate patent in - loads as a pdf file.]
martywidget
09/8/2017
08:54
As the company’s prospectus notes, the market falls into three parts. There is the ”regulated market” where safety is critical so manufacturers want a western company responsible for supplying quality products but this has gone ex-growth. There is the “unregulated market,” where safety is generally less important than cost and then there is “China,” which is a dog-eat-dog world but fast growth. So to counter the Chinese copyist and attempt to grow in China, as the old patent has expired, Strix has come up with a cheaper control with the launch of its U11 technology. While its kettle-related business dominates, Strix has taken a holistic approach to boiling water and expanded its range into rice cookers, cordless steam irons and the Tommee Tippee perfect prep machine, which produces formula milk at the right temperature.
malcolmmm
09/8/2017
08:04
Anyone know what patent protection strix own in relation to kettle controls. Given we have had electric kettles for many decades, i can't imagine them owning anything which would stop copy cats.
spob
09/8/2017
07:20
Despite its impressive steady growth I'm reluctant to invest in a company which depends so much (though not exclusively) on a single product with a small number of big customers. And it's fanciful to suppose that their technology can't be disrupted. There are no big owner-shareholders here, and the company would benefit from being part of a larger group. I wonder if sometime that might happen. EDIT: I see some Investors Chronicle enthusiasts will feel a bit shafted.
jonwig
Chat Pages: 3  2  1
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