Updates and Ideas

Strix

October 2019

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.

On the face of it, Strix (KETL; 170p) might look a pretty boring company unlikely to provide dynamic returns for investors. The business, which sells kettle controls, was dumped onto AIM by VC-backers two years ago and this is often a precursor to a cliff edge collapse in profitability. Its core product has also been off patent since 2015, and its high gross profit margins (38% in H1 19) and stunning operating margins (31.7%) have caused it to be under attack from cheap Chinese copycats. To top it all, the headline numbers show that growth in the market for kettle controls has slowed to 2% this year following strong growth in the preceding years (FY17 +5%, FY18 +7%).But investors need not worry too much about all of that as t ...

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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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