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Been gradually falling from Highs of 385p 1/9/21 ,
To a low of 144p on 5/9/22 ?
22/4/2020 I sold half for 174p .. Thank God .
Paid 149p 12/3/20 a few days later a low of 125p an all time low on the chat .
Halosource Acquisition is the reason I bought these ( a year after )
Proposed Acquisition
Thu, 7th Feb 2019
Strix Group Plc (AIM: KETL), the global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, is pleased to announce it has made an offer, subject to certain conditions, to acquire specified assets from HaloSource Corporation ("Halosource") for approximately $1.3m in cash.
Halosource is a clean water technology company, admitted to trading on AIM, with operations in the US and China. Strix has offered to acquire certain US and Chinese assets which will assist in accelerating its strategy to expand and grow its water filtration division.
The acquisition is subject, amongst other things, to the negotiation of mutually acceptable legal documentation and the approval of HaloSource shareholders.
Bought back at 144p as re visiting 5/9/22 low, same number bought as sold on 24/4/20 for 174p ( approx 17% difference )
( Covid market lows in the March 2020 )
Same again today paid 124p I guess insiders must of known this RNS was coming yesterday when it hit year low .
Wed, 21st Sep 2022 10:50
Strix shares plunge amid drop in interim profit and revenue
(Alliance News) - Strix Group PLC on Wednesday said it maintained its interim dividend, despite suffering a fall in both interim profit and revenue.
Shares were down 15% at 120.20 pence on Wednesday morning in London.
For the six months that ended on June 30, the Isle of Man-based kettle safety controls provider said pretax profit fell 12% to GBP11.6 million from GBP13.2 million a year ago, as revenue declined by 7.3% to GBP50.7 million from GBP54.7 million.
Strix said the decline in revenue was mainly caused by a "drop in sales" in its kettle controls category, impacted by the ongoing conflict in Ukraine.
Administrative expenses widened to GBP6.0 million from GBP5.4 million, and distribution costs rose 15% to GBP4.5 million from GBP3.9 million a year earlier, mainly due to "higher outward carriage and freight costs".
Chief Executive Officer Mark Bartlett said: "Despite the challenging macroeconomic and geopolitical environment, Strix has delivered a robust performance across its three product categories and remains on track to deliver medium-term targets to double the Group's revenues primarily through growth in its water and appliances categories."
Adjusted earnings before interest, tax, depreciation and amortisation decreased by 8.6% to GBP15.9 million from GBP17.4 million.
Strix declared an interim dividend of 2.75 pence per share, unchanged from a year prior.
Looking ahead, Strix said it's on track to deliver medium-term targets to double its revenue.
unhooked - I had already posted I paid 124p at 10am ( limit placed at 9am ).
At 118p it matched the lowest covid low shown March 2020 .
A lot of funds hold these, Octopus Investments Limited appear to have 19% of the company .
Placing RNS 7am today, 10M bookbuild @ 115p
Conducting a placing of shares to part-fund an acquisition when the price of Strix shares is so very low, doesn't make sense to me... unless the target company was bought very very cheaply indeed, which I don't know. All I do know is raising money at 115p per share when a year ago the price was 380p looks badly timed. At least it's a small dilution - less than 5%.
Opportunity for the directors to buy in cheaply by participating in the fundraise - which they did. I suggest we follow suit.
36% fall today on RNS .
Doubled up for 79p Just after midday as it fell back to earlier day low .
In hindsight a mistake topping up with two buys 20th & 21st September @ 144p & 124p.
They did mange to raise 10M in a bookbuild @ 115p on the 5th October just 46 days ago .
The price had gone back to the 124p yesterday falling back from recent high of 128p on 15th November .
Wed, 30th Nov 2022
Strix warns of China troubles as it completes Billi acquisition
(Sharecast News) - Kettle safety and water technology company Strix has completed the acquisition of Billi Australia, Billi New Zealand and Billi UK, it announced on Wednesday, as it also warned of trading difficulties amid China lockdowns.
The AIM-traded firm described Billi as a "leading brand", supplying premium filtered and non-filtered instant boiling, chilled and sparkling water systems, with manufacturing based in Australia.
It said Billi had a successful history of growth with, a double-digit revenue compound annual growth rate over the past five years, and "strong" cash conversion."The acquisition materially accelerates Strix's growth plans for its water and appliance categories and provides an entry into the high growth and strategically important hot tap market," the board said in its statement.
Looking at its current trading, meanwhile, Strix said that in recent weeks it had become "increasingly evident" that the disruptive effect of ongoing lockdowns being enforced in China, while relatively short in length, had adversely impacted two of the top five of Strix's major original equipment manufacturer (OEM) customers, with further disruption expected.
As a precaution, Strix said it had reinstated its secondary warehouse to minimise any disruption with its own shipments.
Strix said that as a result of lockdown situations and continued macroeconomic and geopolitical uncertainty, not only in China but across a number of its key export markets, it now expected adjusted profit after tax for the full year to be around £23m.
"The board recognises that these uncertainties could continue into 2023.
"December remains a significant period for the group due to the active trading ahead of the Chinese New Year public holiday when a number of its major customers and suppliers cease operations for a period."
Strix said it would announce a further update on trading on 26 January, consistent with its typical reporting timetable.
"Strix continues to maintain its strong market share position in kettle controls and is outperforming the market in the appliance and water categories.
"In addition, Strix has a strong balance sheet and it has significant financial flexibility for the medium term to navigate headwinds and deploy capital consistent with allocation of capital priorities."
7am Rns Pre-Close Trading Update and Notice of Results... up 10% to 100.6p at 4.30pm
Sold that top up of 30 November 2022 back today for *100p 1pm , hit 100.6p at 2pm & 4pm .
Sometimes catching a falling knife works out . TYJ .
After falling a little bit more to 75p later on my top up day 30th November, they climbed all the way back to today's 100.5p ( which is 34% ).
This an example of buying into the rise !!
This short position shown on this page might have been a buy pointer .
4th Jan 2023 GLG Partners LP 0.83 reduced by -0.09%
Just under 93p now .
After my slice below 26th January 100p they topped out at 105p 6th February 2023.
Falling back to 96p 14/2/23 then back up to 103p by 27th before falling gradually back to this 93p last seen day before that 10% rise before the RNS 10% rise .
Roland Head ( Motley ) 2 penny stocks I’d buy now for the next bull market
Sun, 19 March 2023
A market-leading business
My next pick is kettle control maker Strix (LSE: KETL). This little-known business is the world’s largest producer of kettle safety controls — the part that makes your kettle switch off when it boils.
It has market share of about 50% for these parts. This reflects its trusted relationships with many manufacturers. The only problem with this is that it doesn’t leave much opportunity for growth.
To try and solve this problem, Strix has been buying up small companies in related areas, such as hot water taps and water filtering. The company has also built a new factory in China
Unfortunately, these moves have left the company with quite a lot of debt. The group’s financial situation was also madeworse by supply chain problems and Covid disruption in China last year.
A dividend cut is also expected in this month’s results, although broker forecasts suggest the stock could still yield 6%.
I’m not sure whether Strix’s recent acquisitions will ever be as profitable as its core business. One risk, in my view, is that some of this spending will eventually be written off.
However, I am encouraged by a recent change of tone from the company’s management. In an update in January, Strix said that was not planning any further acquisitions or factory builds.
Instead, the company wants to return to its “core operating model” of being highly cash generative.
If chief executive Mark Bartlett can deliver on this promise for shareholders, I think the shares could be cheap at current levels. If I was looking for a small-cap value stock to buy today, I’d certainly consider Strix.
Topped up for 55p 8.50am
Again not waiting for bottom and buying into rise .
low of 51p by 9.15am
Not many posts here 50 since since last look 6 months ago.
Bad Rns this morning down 40% by 9am
Worked out when I took same action 30th November last , selling it back 26 January , thank God I took them off the table.
Lucky as retrace top was just days after 6th February .
Me too nearly doubled my holding as I was nearly on a free ride so happy to add and wait. Still not happy with the board. Lets see what they have to say this afternoon.
Down 7% today .
Was no rush here one week on back to my buy price , maybe a double bottom, offered 55.9 at close when I noticed .
55p at 3pm chart shows.
Not heard the advise not to average down before .
https://stockdisciplines.com/average-down-falling-stock/#:~:text=Never%20average%20down.,weeds%20and%20feeds%20the%20flowers.
Topped up in ISA 53p yesterday.
Unusually for me up on the Monday next trading day.
Up 19% today to 66p .
One average down that has gone for me and looks like I got the bottom.
Sheer luck this share game.
Short squeeze maybe.
Blackwell LLC, a small hedge fund with a few stakes in US stocks. All revealed tomorrow. Looks like not bad news.
A very decent profitable company that has had a bit of a hard time but fundamentally sound with strong market presence.
Or is it Farringdon Capital Management, dutch-based, in fact. Their Factsheets don't indicate the greatest investment performance. Still, good to have buyers.