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Strix – “Trading Update” = Profit Warning (natch!) and has there really been “significant progress” on the balance sheet?…

By Steve Moore | Wednesday 27 November 2024


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.


Strix Group (KETL) has issued a “trading update” including that for kettle controls it “has maintained its dominant market position with stable market share” and that the launch of a new low-cost control has been well received as well as that “Billi (filtration systems) is performing well with a positive increase in sales in Europe following successful progress on the division's geographical roll-out strategy”. So what of a share price, already down from above 80p in September, currently further down towards 55p?
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