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Strix – to “prioritise debt reduction”, what about the only in November argued “strong balance sheet”?!

Kettle safety controls and other water temperature components group Strix (KETL) has issued a trading update including that it “has achieved adjusted profit after tax for the full year of approximately £23m” and “the disruptive effects of ongoing lockdowns being enforced in China are now beginning to show signs of abating”. So what of a current share price response up by more than 10% to 100p?

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Strix – another profit warning, argues “a strong balance sheet” but is it?

Kettle safety controls and other water temperature components group Strix (KETL) commences an announcement today that it “is pleased to announce… completed the acquisition of Billi” and also includes that it “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”. So what of a current share price response to 78p...more than 37% down!?

NEWSFLOW

Strix (#KETL) – agreement to acquire water systems business Billi for c.£38m, placing for £10m at 115p per share

NEWSFLOW

Strix (#KETL) – AGM trading update, “maintaining expectations for the full year”

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This Niche Company Steams Along after its Snaffling of a Stylish Italian Kitchen King

Hello Share Traders. One of my favourite companies recently reported some jolly numbers and is worth a look. The clue for what this international outfit does is in its amusing epic code. Strix (KETL) makes the pop-out gizmos that stop our electric kettles burning out once they’ve boiled.

NEWSFLOW

Strix (#KETL) – 2021 adj. EPS +2%, DPS +6%, ‘confident in ability to navigate growing uncertainties’

NEWSFLOW

Strix (#KETL) – “cyber incident of Russian origin”, “no impact on customer orders or sales”

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Strix Has Been Off the Boil, but the Maker of Kettle Bits Seems Set to Steam Head Again

Hello Share Rattlers. I’ve commended Strix Group (KETL) to you before but lately this maker of kettle bits has not been one of my more illustrious calls. It’s down by a third compared to the second half of last year. But the fall, connected to perceived supply and transport issues together with the rising cost of raw materials, seems to me unjustified.

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Strix Group Steams Along to its Highest Share Price Ever but there's Still a Chance of More

Hello, Share Campers. When the Footsie’s falling and you hold a share that’s just reached an all-time high, you know you might, in the words of Herman’s Hermits, be into something good. Strix Group, with the amusing epic code of KETL, is one such baby in my book. It’s worth taking another peek at its credentials.

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Kettle King Steams Ahead According to Hot Trading Update

Hello, Share Stickers. As I’ve observed before, companies which operate within a niche have a better chance of success. A niche outfit operates in a tiny corner of a market which their customers can’t do without. Such is the nature of Strix Group (KETL). You’ll notice the epic code has now’t to do with the company name. Until you know that Strix makes bits for kettles.