Member Info for pernix

Around 212p paid up for 160,000 Strix shares

Big buyers now. 160,000 Strix shares single transaction buy today

Just noticed another big seller. 50,000 Strix shares to sell side this morning. That’s good as clears sellers for big lift up in the share price. Then 39,000 Buy order at 212p. Algo share trading Bots Sweeping shares up, down, up again. That suggests clearing of last sellers

Strix shares going to fluctuate in a range. Upto XD Divi date. That price range may be a lower range or higher range. At the moment a lot of downside sales volumes, values. At some point it’s going to break out. Something has to happen for the breakout. So I’m not sure in the short term which way these shares are heading. Too many times shares rise up & back down again. The Divi payment is welcome.

Stockopedia says, “Strix has increased its dividend payout 4 times over the past 10 years - and the dividend per share is forecast to grow by 3.78% in the coming year”. At Divi cover 1.6 times with a reliable 4% yield & growing. Stockopedia is tipping Strix and the shares are currently undervalued. Meaning Strix shares will go up, the Capital Growth and Dividend Growth at the Same Time!

Shares on way up now

The Algo bots are clearing sellers looks like. Today’s selling are low value trades. The recent news of Strix Directors buying shares, Shroders Funds upping stake to 9%, decent Strix trading results with 2022 profits up, a higher stable dividend & more dividend rises on the way and low Strix shares valuation should push the shares higher. Also I expect more RNS news flow on contracts. The May dividend is welcome & it’s upto the BoDs what strategic direction to go. Either sell out Strix on a Takeover Bid or acquire new companies to push up profits. I think all Main Strix Directors including The CEO are buying Strix cheap shares to benefit from a Takeover Bid. DYOR, GLA

Strix, Net debt excluding IFRS 16 lease liabilities increased to £51.2m from £37.2m, which funded the Laica acquisition, investment in growth opportunities, and new manufacturing operations in China.

That represented a net debt-to-adjusted EBITDA ratio, calculated on a trailing 12-month basis, of 1.3x.
That is well below 2-2.5x normal industrial company debt levels but debt has risen due to Strix investments primarily.

Strix described its free cash flow generation as "strong", with operating free cash flow to EBITDA conversion at 70%, before financing, tax and exceptional factory capital expenditure.

Strix PE is not high for a monopoly market leader with stable & reliable high cash flow & high profit margins business. Strix shares are a buy at these low share price levels.

Your opinion Unhooked. Just clock off if you want, don’t need to look anymore at this chat board . Unhook yourself. I don’t ramp but give some info, opinions which may help others. Just all DYOR.

Shroders, The Big Funds Manager has increased it’s Strix share holdings to 9% (7% previous). This is a big vote of confidence in Strix Group. Together with Octopus Investments they are a top shareholder & any Strix Takeover Bid will see them use their clout. Shroders know Strix is substantially undervalued, they have picked up Strix shares on the cheap & I think would endorse a Strix takeover at realistic fair value of around 500p plus.

Another £500K buy trade or so today. See bigger buyers coming in. Then flush out sellers with trading algo’s taking price to 203p for sellers after 211p buyers yesterday. This suggests share prices set to go much higher after sweeping.

Liberum Broker says Strix is a Top Tier Industrial Stock with a Buy rating 370p . Growth on track with Environmental, Social and Governance credentials to the fore.

Strix maybe worth around 500p, fair value. So joteller you maybe right.

Strix does not have the resources to grow like it wants. Their best chance is to sell Strix to a larger company. That way Strix can release substantial shareholder value back to shareholders. A Bid Takeover of Strix is now on the cards. The Strix BoDs sold a load of shares for personal reasons last time triggering big share price fall but now want to buy back in a concerted effort, main Directors bought shares at 199 pence . So my guess is they are lining up a Takeover Bid for Strix as they will also make a lot of money as well.

Big Fund Managers may buy more shares. This on the back on Strix BoDs buying shares today, shares going up. That’s what’s been happening giving them a cue. On the upside they bought more shares. Hoping for more RNS news flow in the coming days.

Yes Krustysmegma, now seeing signs of bigger share buys. This on the back of Director share buys today. May be the spark for a higher share price.

Strix CEO, BoDs buy shares at 199p. So maybe these buys were late last week after closing trades. Strix shares sunk to 189p so Directors overpayed as deal post close trades. Suggest better value below these levels. Still good to see.

So Strix CEO says looking for potential buy acquisitions. I agree with Shore Capital broker this may be dilutive to profit earnings per share at least in the short term. Then Strix debt levels rising above £50 millions now & would be substantially higher if they buy another company. If Strix growth can come from internal organic growth the better. If not, maybe better to go for a merger with another company or Strix be taken over itself to bulk up operations & get resources to grow faster. Shore Capital broker says Strix needs a buy acquisition to double sales by 2025 target. Market reaction to a Strix buy of another company may be negative for this reason.

Strix shares will take time to re-rate. Not going to happen so fast. Shares gone through a bruising fall, confidence takes a while to build up. Just can’t see big buyside volumes (& values) at moment. Last Friday post close trades saw more larger buys but below 200 pence share price. Just it could be a relief shares rally & then run out of steam.

Strix Shares: I can see further new lows before rising. Test market lows likely. Selling volumes are high. Strix cannot hold onto share price gains yet. When it turns around, it will turn higher quick & fast. Just my observation.