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a big focus for the banks / funds / asset managers now is to buy up "cheap" stocks that pay dividends.
this is what the traders are being told they have to do to ensure revenue streams over 2023, until the markets bounce back in 2024.
that is why dividend stocks are getting the biggest attacks at the moment, as a way to shake the tree.
this share could go to 150 and the funds will continue to buy as they need to show their bosses and clients a return, and a dividend is a guarantee of this.
and considering Strix are paying 10.37% Annual dividend yield, this is a very big target.
Are they going to keep increasing dividend or decrease per share S they have issed lots of new shares?
After few day volume will be low and spread higher. Is it now good time to buy or sell?
ignore the china issue, that is just Xi shaking the country for descent in order to re-centralize power
ignore the price drop, that was just the funds playing games to get shares cheap
this company is in profit (23m), and has acquired 2 companies in the past year that are adding extra profit.
and importantly, this company pays a dividend, which are now the must have shares
It is always risky with one product company so it is good to see another product (Australia company they bought).
Up nicely
looking to add more soon
had yesterday 78
Full note with audio summary: https://www.equitydevelopment.co.uk/research/trading-update-/-completion-of-billi-acquisition
Ongoing lockdowns in South China have impacted two of the Group’s largest OEM customers during the busiest period of the year, delaying the shipment of products. Associated costs have increased as an additional warehouse has been retained to deal with future lockdowns. Uncertainty created by the war in Ukraine and its implications have also impacted wider demand across several key markets. Little improvement is anticipated ahead of H2 ’23. The good news is that the completed acquisition of Billi strengthens the group’s product portfolio, pushing it into new products, geographies, and commercial markets. We expect Billi to be modestly earnings accretive during FY23, with wide-ranging synergy benefits improving its impact further into FY24.
We have reduced our financial estimates across the board for FY22 and FY23, although we continue to feel that the shares remain modestly priced relative to both our cash flow expectations and its peers. The yield remains the highest of its listed peers, at 8.2% for FY22.
We have adjusted estimates to reflect the inclusion of Billi and the softer than anticipated trading within Kettle Controls, with revenues declining 5% in FY22 and adj. EPS -16.6%. Nevertheless, we anticipate that revenues and adj. EBITDA should increase by 19.9% and 9.7% on a three-year CAGR to FY24. We have also adjusted our dividend expectation, although at the current share price level this still implies a sector leading yield of 8.2% in the current year.
The share price currently stands at an all-time low. We have updated our DCF and various peer group comparison valuation models, which give a fair value of 188p/share. Our fair value represents a significant premium to the existing share price.
They also dropped as Ketl announced supply issues in China due to Covid.
Spoke to soon
Another blue day, nailed on.
the drop yesterday was a false drop orchestrated by funds/MM.
Strix released a positive RNS that they will be in profit for £23m and have just completed the acquisition of Billi.
The funds then played their silly games and dropped the price on the good news to flush out weak hands and to buy up the shares on the cheap to get the dividend payment.
do not let fear play with your mind! this company is in profit and providing a dividend, which is a miracle in this market!
end end of next year
for now over 100p - down from 125p on nothing here overall. China stuff was already know, and they have a backup plan in place
close .85, easy .90+
all eyes on 100p+, nothing less now. imho
no sellers soon, then what? .....
over done already
came down on nothing really, it was good overall news, did not deserve 40%+ cut from 120+
that's the point here.
100p+ in a few sessions. imho
Oh fast rally to 90’s that’s what is going to happen is it ?
Right ok haha
These boards are silly sometimes
Like anyone actually knows it for a fact
cs I think this will drift back to mid to low seventies. good time to buy would née early next year when things are a bit clear
lots of undercurrent momentum building.
as soon as this breaks the 80's it will rally to the 90's fast.
Dividend stock with profit, massive opportunity and the fat cats know it!
Classic head and shoulders forming on the daily chart if you're into that sort of thing.
In @ 77
The major firms, funds, and banks are working to hover up dividend stocks as a way to guarantee a return on investments.
Tech Stocks, Crypto etc... are out of fashion and dividends are now the must-haves for a challenging world economy.
So being about to buy this stock that is in profit and provides a dividend is a massive target for a lot of major investors.
Buying anything under the placing price of 110 is a massive golden opportunity. Remember those firms that bought during the placing will be looking to average down while this price is low, and will be expecting a nice dividend reward.
Plus Stix now own Billi and have more access to Australian and New Zealand Markets, and more revenue streams.
Very happy with the buying opportunity yesterday. Didn’t get the bottom, never do! But happy to hold, as I said yesterday, keeping this one, nice future div’s.
Looks like the index fund exited yesterday
Steady move back up
Profitable dividend paying stock, way overdone fall imo.. should start walking back north
Agreed. And at a 30% discount to the placing price.