Strix Group Plc

Equities

KETL

IM00BF0FMG91

Electrical Components & Equipment

Market Closed - London S.E. Other stock markets 09:05:19 24/06/2024 pm IST			5-day change	1st Jan Change
84.8 ^GBX	-1.05%		-0.24%	+13.67%

20/06	EARNINGS AND TRADING: Lords trading in line; Time Out trading ahead	AN
12/06	Strix Group Raises Nearly GBP9 Million from Share Placement	MT

Strix raises GBP9 million in share placing to reduce debt

June 12, 2024 at 04:12 pm IST

Strix Group PLC - Isle of Man-based kettle safety controls and other devices for water heating and temperature control, steam management, and water filtration - Raises GBP8.7 million from placing of 10.9 million shares, 5.0% of its total, at 80 pence each. The results of the placing, run by Stifel Nicolaus Europe Ltd and Zeus Capital Ltd, were as planned. The placing was first announced after the London market close on Tuesday. The funds will be used to reduce debt, part of the company's aim to reduce leverage below 2.0 times debt to capital, on the way to a goal of 1.5x by the end of 2025. Strix on Tuesday added that pretax profit for 2024 will be in line with current market expectations.

Current stock price: 87.40p, up 9.3% in London on Wednesday

12-month change: down 20%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Latest news about Strix Group Plc

EARNINGS AND TRADING: Lords trading in line; Time Out trading ahead	21/06	AN
Strix Group Raises Nearly GBP9 Million from Share Placement	12/06	MT
Strix raises GBP9 million in share placing to reduce debt	12/06	AN
Strix plans to raise GBP8.7 million via placing	11/06	AN
Strix CEO Mark Bartlett buys 68,000 shares	18/04	AN
EXECUTIVE CHANGES: Filtronic appoints Nathaniel Edington as CEO	02/04	AN
Strix Group’s New Finance Chief Officially Takes Office	02/04	MT
Strix credits "acquisition of a lifetime" for revenue growth	27/03	AN
FTSE 100 slips as unease lingers before US data	27/03	AN
Strix says annual revenue boosted by Billi acquisition	27/03	AN
Earnings Flash (KETL.L) STRIX GROUP Posts FY23 Revenue GBP144.6M	27/03	MT
Strix Group Plc Reports Earnings Results for the Full Year Ended December 31, 2023	27/03	CI
Rocket Lab Sends Another Satellite Using Reusable Rocket	12/03	MT
Treatt revenue falls; Secure Trust profit picks up	26/01	AN
Strix Group Appoints CFO	25/01	MT
Strix Group plc Announces Chief Financial Officer Changes	25/01	CI
EXECUTIVE CHANGES: Anglesey Mining chair ousted, Strix CFO to retire	28/23/28	AN
The FTSE 100 Closed Down 0.9% on Earnings Disappointment, Geopolitical Tensions	27/23/27	DJ
Strix Group CFO Steps Down, Interim Successor Named	27/23/27	MT
Strix Group plc Announces CFO Changes	27/23/27	CI
The FTSE 100 Closed Down Despite the Bank of England Leaving Rates Unchanged	21/23/21	DJ
Strix CEO "extremely positive" about Billi acquisition	21/23/21	AN
Strix shares plummet as profit drops despite Billi boosting revenue	21/23/21	AN
AIM WINNERS & LOSERS: Vela and Cizzle up as Conduit takes NY listing	21/23/21	AN
Earnings Flash (KETL.L) STRIX GROUP Reports H1 Revenue GBP65.2M	21/23/21	MT

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Company Profile

Strix Group Plc is an Isle of Man-based company, which is engaged in the designing, manufacturing and supplying of kettle safety controls and other components, and devices involving water heating and temperature control, steam management, water filtration and small household appliances for personal health and wellness. The Company is involved in designing, manufacturing and selling thermostatic controls, cordless interfaces, and other products, such as water, dispensers, jugs and filters, primarily to original equipment manufacturers (OEMs), commercial and residential customers based in China, Italy, Australia, New Zealand and the United Kingdom. The Company operates through three segments: kettle controls, water category and appliances. Its brands include Aqua Optima, LAICA, astrea and Billi.

Sector

Electrical Components & Equipment

Calendar

18/09/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for Strix Group Plc

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.848 GBP

Average target price

1.142 GBP

Spread / Average Target

+34.73%

Consensus

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Estimates Revisions

Annual profits - Rate of surprise

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