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

By Steve Moore | Thursday 26 January 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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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