Updates

Strix

November 2024

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.

Overall, sales in the latest H1 were up 2% to £66.1m and pretax profit lifted by 13% to £8m. The period shows Strix shifting focus by exiting lower-margin segments and honing in on cost management, which CEO Mark Bartlett says is part of a necessary “reset” to position Strix for its next phase of growth. After the severe demand headwinds seen in the last 24 months, Kettle Controls has bounced but not as much as it usually does. Sales in H1 were up 6% at £30.5m. The UK and other regulated markets (excluding Germany) performed well, helping to offset year-on-year sales declines in China where Strix has made a strategic decision to launch some low-cost controls in direct competition with copycat products but demand is still choppy go ...

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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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