Strix Share Discussion Threads

[dr biotech] 21/1/2022 09:48

Probably due a TU next week. This hasn’t really recovered since the large director sells in oct. All my December gains wiped out in most of my holdings

[undervaluedassets] 24/12/2021 09:59

All my stocks that had fallen on no news (mostly on Aim ..which has taken a pounding) are now gently going up on no news. This kind of makes sense to me.

Certainly a great company and not that expensive either

[fromtheblue] 01/12/2021 11:00

Price breaks back above the 50 and 200 day simple moving average. With a bit of volume should continue to climb now.

[egrid1] 28/10/2021 12:51

Strix Group PLC 38.4% potential upside indicated by Liberum Capital
Liberum Capital set a target price of 460 GBX

[bothdavis] 28/10/2021 12:22

Personally, if your kettle fails....you'r going to buy a new one!

It's not like you can get them mended nowadays!!

[epo001] 28/10/2021 12:15

Little annoying, had reduced my limit buy price a couple of times, most recently set to 0.5p below where it got to. Can't win them all.

[dr biotech] 27/10/2021 10:13

Whilst not irrelevant, I feel shipping costs are not so important here. Yes, it will affect margins on parts shipped from China to IoM. But as controls are essential and not discretionary the manufacturers are going to have to order them anyway, and assuming other manufacturers are also in China they will have the same issues. Disruption to supply because of power shortages are more concerning.


The new kettle has been a couple of years in development, let’s hope it gets traction. I’d buy one.

[thorpematt] 27/10/2021 09:34

deanowls,
If you are asking what proportion of cost of shipping makes up the cost of a kettle then I guess you have to work out how many ketttles fit in a container versus the cost of that container.

Shipping costs are fluctuating but I posted a jpeg on the UPGS thread last week of the latest weekly rates. These differ from port to port and curently the fashion for sending one east to west empty is in itself a price driven quirk.

Be aware that 80 % of the world's kettles are made in china and that Strix also has some manufacturing capability in IoM.

What this means is that other sources of buying a kettle are equally affected (insert pun about all being in the same boat here), and that the market leader tends to be in the best position of all suppliers.

Bear in mind also that kettle controls are smaller than finished kettles and thus more price per volume / container / flight.

The recent investor presentation also covers off other concerns such as power shortages (the new factory has solar power suppply of its own for example).

I don't have a crystal ball but many of the "issues" facing them, presently appear in my eyes to be leave Strix better placed than competitors. In short "when the going gets tough" the strongest players surive the storm in better shape than others.

FWIW
The Amazon products look OK but I think they can and should develop them to be better than they are. Again KETL has the RD resource to make it so, more than most of the competition I believe.

[egrid1] 26/10/2021 10:46

trident5,I think the problem can be where hot water is kept in plastic, ready for use - these tend to be urns that keep the water hot for instantaneous use, rather than boil as needed.
If you think about it, most water filter jugs are plastic, and the water does not taste of plastic, but may sit in the jug all day long. Strix instant hot/cold water system stores the water cold and heats as needed.
No different to a plastic kettle in that regards.

[alter ego] 26/10/2021 10:03

trident5, possibly but since other reviewers don't mention it, perhaps some people are more sensitive to it than others. I guess these devices would not sell at all if it was a real problem. I've used a water filter for years and never found it taste of plastic/chemicals.

[trident5] 26/10/2021 09:46

Don't these dispensers have a real problem with the water tasting plastic/chemical? We had a wall mounted one aside a kettle at work - no-one used the dispenser because of the taste. I see a reviewer on Amazon makes this point.

[alter ego] 26/10/2021 09:23

short version removed by advfn


link to aqua optima aurora water station on amazon

so here's the long version

[capitalist] 26/10/2021 07:12

Dr Biotech, is this what you were looking for: " Dual Flo

Dual Flo combines the utility of a standard kettle with the one cup capability of a Hot Cup machine and is an innovative twist on kettle technology providing the market with another unique kettle innovation. Significantly, Dual Flo allows the consumer to benefit from convenience, speed and sustainability through water and energy reduction.

Dual Flo is launching in multiple locations globally. The product is expected to launch in trade in October in Canada, followed by launches early in the new year in Switzerland and Russia. Strix will also be launching an alternative variant under the LAICA brand which is expected to launch in Q1 2022.

The launch of the Aurora and Dual Flo products will set the foundations for the hot water on demand category intended to cement Strix's position as the go-to technology partner for Instant Flow Heater technology."

Taken from today's RNS... Maybe they read this thread?

[dr biotech] 26/10/2021 07:10

RNS about it today. Must have been reading this board 🤣🤣

[bull19] 26/10/2021 07:04

I see they are supposed to have released the "duality kettle" which is presumably what you were asking about. I can't find it although the name isn't very googlable since there is another kettle brand called duralit

[bull19] 26/10/2021 06:58

This is all I could find. It's not what I would class as a kettle though, and not cheap!

[bull19] 26/10/2021 06:57

https://www.amazon.co.uk/gp/aw/d/B095YZ36YR/ref=sspa_mw_detail_1?ie=UTF8&psc=1

[dr biotech] 25/10/2021 10:04

Looks like I was too early last week. Have to wonder what the directors where thinking when they sold - particularly the guy that sold out completely. But as I said before there often isn't a big correlation between director dealing and the direction of the share price.

I cant seem to find the kettle that can do a single cup - has anyone else found it?

[capitalist] 25/10/2021 09:47

I think/hope so shaker44. MACD and RSI indicate this is a good buy point. The price has got positively silly in my view.

[shaker44] 25/10/2021 09:36

I have been waiting to buy since the recent director sales. Not sure if we are quite at the bottom of that shake out yet but just bought 10k shares at 269p. I think that will look cheap soon but time will tell

[shaker44] 25/10/2021 09:06

no. not clear what your question is ?? Try google and Strix website to learn more about what they do and where

[deanowls] 25/10/2021 05:27

Maybe a silly question but starting my research, if the kettles are made in china? Thus if controls are there shipping costs as a percentage for Rest of world?

Does that make sense?

[melody9999] 24/10/2021 23:22

Well the HY results (to 300621) were only issued a month ago:

Adjusted EBITDA increased to £17.4m (2020: £13.6m), representing a 27.9% increase same period in prior year and an increase of 16.8% versus the same period in 2019. Adjusted EBITDA margin in H1 was 31.8% (H1 2020: 39.2%), as a result of LAICA's inclusion alongside a number of factors including higher outward carriage and freight costs, advertising and promotional costs and payroll costs as the Group strengthened its management team in line with its strategic objectives.

and:

Remains confident that it will deliver revenue growth of circa 30% for the Group in 2021 and executing on the medium-term strategy to deliver against its five year targets.

So higher costs already factored in and our BOD remain confident of meeting market expectations for the year.

[thorpematt] 22/10/2021 18:57

Well the tangible issues are: -

Raised shipping costs
Raised commoditiy price for copper and others
Power rationing in china
Raised energy costs

Not insignificant headwinds.

However, in business, one has to accept shorter term volatilities in such things are always occuring. From where I am sat these issues are not really going to look like a big problem a few years down the line.

What I do think is that the market is expecting that KETL will report reduced output or reduced margin as a result of these problems and therefore what it is pricing in is a probability of a miss on earning i.e. a profit warning.

I don't believe that if KETL raises prices on its controls as a result of headwinds, that people will stop buying kettles and so inflation per se is not the issue specifically for them.

Now I am not saying a PW is coming, what I am saying is it is now starting to be somewhat in the price. There are a number of stocks with similar back stories that have either issued warnings or that have been sold down in advance anyway.

Long term, I have no doubts about KETL. And being greedy when others are fearful will I suspect be very profitable in the mid term.