Spirax-Sarco Share Price (SPX)

Big drop of over 3 squid seems tempting to buy some more. Market seems very nervous though.

Agree with you that a stock split would be welcome ....100:1

Plus got the small yield along the way. I think I will trade it this time with a TP of 120 to 140 pounds. Don't think many small pi's hold these so they can move quickly on fund buying selling. Good share though which could do more. I am sure a share split would help.

Friday 17th November the Chair (actually his wife), the Group Chief Executive (Nicholas Anderson) and the Chief Finance Officer (Nimesh Patel) each purchased shares in the Group to the value of £90,000

Outlook

"Excluding the currency effects set out above, compared to 2022 pro-forma sales of £1,734 million we anticipate Group full year 2023 sales to be lower by between 1% and 2%, with an adjusted operating profit margin slightly improved on the 20.2% delivered in the first half of the year, which is consistent with the lower end of current market estimates. We continue to anticipate a recovery in demand in our Biopharm and Semicon WFE sectors during 2024. While it is always challenging to predict the precise timing and scale of demand changes, we remain confident in our continued ability to drive growth above IP. Therefore, while it is too early to provide guidance for 2024, we do anticipate a return to revenue growth and improvement in adjusted operating margin in the coming year."

This is the most frustrating company, it has the financial resources and presence to move forward in to new technologies and it is sitting on prehistoric technologies it needs to invest in engineers and create new products instead of sitting on its laurels - shameful leadership in this climate of change. Bet nothing changes...G