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KETL

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Strix – 2022 results, what’s “will prioritise debt reduction and free cash flow generation” actually likely to deliver?

Kettle safety controls and other water temperature components group Strix (KETL) has announced results for the 2022 calendar year and emphasised “strong potential for greater top line growth and improved margins going forward”. What then of the shares, currently up to 94p on the back of the results announcement but still down from 100p when I previously wrote on the group in January?

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By Steve Moore
185 days ago

KETL

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?

By Steve Moore
247 days ago

KETL

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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!?