Updates

Strix

January 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.

Strix has issued an update that said trading had recently been disrupted due to China’s “zero Covid” policy approach, which had restricted business activity for two of its top five major OEM customers. Of course since this update was given, China suddenly abandoned the zero Covid policy although broker Zeus expects a continuation of the situation in the early part of this year and has now also factored in a maiden contribution from the recent Billi acquisition. It has nevertheless reduced FY23 and FY24 pretax profit estimates by 11% and 6%, respectively, to £29.7m and £33.8m. Corresponding eps are 12.1p and 13.8p. Buy. ...

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Strix - Buys Billi for £38m (November 2022)

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Strix - Strategy to double sales by 2025 (May 2021)

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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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