Updates

Strix

August 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Off the back of its full year results, when management indicated “green shoots” were appearing in a number of key export markets, this month’s AGM confirmed that the trend has continued with Q2 demand for Kettle Controls improving on Q1 due to customers re-stocking. The frequency of orders in Q2 has increased albeit orders have been smaller than historic norms as customers manage their cash. But this is starting to follow the historical playbook, which tells us that downturns in Controls tend to be severe but quick. Destocking by brands and retailers gets magnified for OEMs, which have longer lead times, impacting suppliers such as Strix. Conversely, once demand returns, retailers need to re-build stock and meet increased dema ...

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TClarke

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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