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4x 215,000 buys have just gone through at 81p. That's £700,000. Eyes on.
all the sells are being hovered up.
look at the trading patterns, drops 30% on open and has stay very stable all day and then massive buys.
any buy under the placing of 110 is a massive discount.
Strix now owns Billi and that other Italian Bottle company are a very very big market operator and opportunities.
Not in yet, doing dd.
maybe tomorrow
looks good though
could go lower, and that's good, hold well if have any here
it was overall good news, and china thing is nor here there, just noise.
In 2018 Strix reported PAT of £23.2m, they had a market cap of £267m and debt of £28m, so enterprise value of £295m. I.e. they were trading on around 13x EV - PAT
Today they said they are guiding to £23m PAT, they have a market cap of £170m at 77.5p and have debt of ~£100mm so enterprise value is around £270m. So today they are trading on an EV - PAT of just less than 12
The business environment today is far worse than 2018 and KETL have a bucket load more debt which is exposed to higher interest rates.
You can make a very good argument that the current valuation is fair vs where it traded pre covid, in fact you could easily say it should be valued lower due to the increased internal and external risks it is facing.
yes, what about new takeover reported today? how mush does that to the bottom line.
looks interesting here, doing dd
could move up swiftly now we all day selling to buyers/ mms
looks like a bigger seller out, with UT
interesting one for tomorrow
This is hugely (nicely) overdone.
Thanks to gap down sellers, I am sure many stops take too.
The large UT is probably due to the rebalancing of the MSCI UK index, combined with the poorly received RNS. Trackers have to sell. Two more of my portfolio also drop out of the index. Same thing happened to WJG and to AVCT. My portfolio has taken a hammering today! Now the forced sellers are gone, I hope for better tomorrow!
Massive volume, after hours! MASSIVE
81+ paid, With this catch of volume it will not be under 100p for long.
still doing dd, let see.
(could be in for big one)
30-Nov-22 16:59:27 81.803 399,689 326.96k O
30-Nov-22 16:44:21 82.328 10,000 Buy* 8,233 O
Seller sold in Auction, by the looks of it. Same buyer probs buying more at .80+ also
Can not see this remaining under 100p after this volume
lets see.
If you sold then do be prepared to buy higher, as buyers of shares will not be selling back down here.
Just my 2 cents
I bought at 4:28 20,000 @ 75.51p doesn't even show up
seems an overdone drop as usual
Good news was Billi takeover completed - Billi is big consistent/ profitable earner.
Billi is a leading brand supplying premium filtered and non-filtered instant boiling, chilled and sparkling water systems with manufacturing based in Australia. Billi has a successful history of growth with a double-digit revenue CAGR over the past five years and strong cash conversion. The acquisition materially accelerates Strix's growth plans for its Water & Appliance categories and provides an entry into the high growth and strategically important hot tap market.
Trading update
In recent weeks it has become increasingly evident that the disruptive effect of ongoing lockdowns being enforced in China, whilst relatively short in length - and Strix has reinstated its secondary warehouse to minimise any disruption with its own shipments.
They even have A back up plan for China short lock downs. Sell is over done here by long margin, opened at 101p by MMs rest was just collection. Many may be licking their lips here.
IMHO
well the Dow jumped 2% after our close today so thats a good thing. should help tomorrow’s bounce
Magnus. I enjoy reading your posts however the China thing as you put it, is very significant.
I am inclined to agree with Shearclass, the current value is stable considering the World economic theatre.
Yes, and during Covid people made a lot of money buying dip created. I remember it too well - specially strong companies like KETL
The ps is below 2020/21 Covid levels, that's the issue here. In fact by 50% or there about.
The china element is on the rader for weeks now, and that was already priced in. It is not more significant now. They already have back up plan as syou can see from RNS
And Billi the recent takeover is not impacted by China. That's new revenue stream ASAP.
Let's see, this could easily steady up over 100p, and be 200p be mid next year. China will certainly be over by then, so short term dip - does not matter how you cut it. IMHO
Let' see.
With the mood music from the yanks and China’s softening stance on Covid, this is setting up beautifully.
Agreed. And at a 30% discount to the placing price.
Profitable dividend paying stock, way overdone fall imo.. should start walking back north
Looks like the index fund exited yesterday
Steady move back up
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.
no sellers soon, then what? .....
over done already
close .85, easy .90+
all eyes on 100p+, nothing less now. imho