The group which describes itself as “the AIM quoted global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components”, Strix (KETL) has announced that CEO Mark Bartlett has purchased 51,732 shares at 57.7p each, and what of shares in the group currently up to above 60p in response?
Previously writing on kettle safety controls and other water temperature management components group Strix (KETL), in July with the shares rising above 105p I questioned how significant its trading improvement was and concluded, particularly ahead of further half-year financial insights, to continue to avoid. The shares most recently closed at 91.6p… and now the half-year results and the shares currently down below 55p! What’s going on here now?
Kettle safety controls and other water temperature management components group, Strix (KETL) has issued an AGM statement commencing “We are pleased to report an improved trading performance and can confirm that profit after tax for the full year remains in line with market expectations”. But what does that mean specifically and in relation to a share price currently responding up to above 105p?
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?
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?
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!?
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.
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.
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.
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.
An AGM statement from water temperature management components group Strix (KETL) emphasises that “we anticipate delivering revenue growth of circa 30% for the group during 2021 which also underpins our confidence in achieving our medium-term target to double the group's revenues over the next five years”. What though does that mean financially and how’s current performance?...
Hello Share Followers. Strix Group (KETL) describes itself as ‘The World leader in kettle control.’ That’s good for everyone whose kettle is running amok. But of course there’s much more to it than that. Strix develops and makes the bits of electric kettles that cut the power when the thing is boiling. Sounds like a limited sort of business but not when you have nearly 40% of the world market in the area.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
