Market's view on Strix
Published on April 2024
- Observations indicate a steady, albeit slow, recovery in share prices.
- Mark Bartlett, the CEO, has increased his stake in the company significantly.
- Simon Thompson from Investment Chronicle advises holding the stock considering the future earnings per share estimates.
- Strix Group’s leadership presented their full-year results, highlighting the ongoing rationalisation in Consumer Goods and growth in Kettle Controls and Billi.
- The management team has been commended for their improved communication and understanding of the financials during presentations.
- Some stock watchers express concerns about the previous portrayal of the company as merely surviving, suggesting a need for a more optimistic outlook.
- Despite the restoration in share prices, there remains a cautious approach from investors, with suggestions that further debt reduction and director purchases are needed.
- The suspension of dividends was deemed necessary under the circumstances, although it impacted the share price.
- The Billi brand has been pivotal in driving revenue growth, with noticeable improvements in the latter half of the year.
- Debt reduction efforts have been acknowledged positively, improving the company’s valuation relative to its peers.
- There are apprehensions about the vulnerability of the company to a takeover due to its current weakened state.