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Strix - Faster growth from water and SDA divisions

October 2021

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.

  • Epic Code:
  • KETL
  • Price:
  • 342p
If you own a kettle then the chances are you will have come across Strix’s products. The company has been around since the 1950s when it launched the first generation of its safety controls comprising a small, bi-metallic thermostat that breaks an electric kettle’s circuit and switches it off when the water reaches boiling point and also prevents a kettle from turning on when there is no water inside. Strix is the global leader in such kettle safety controls.    On the face of it, Strix might have appeared to have already been ex-growth when it listed in 2017. The business was dumped onto AIM by an income fund, which sold 100% of the company on a single digit multiple and a high yield. Investors were thinking that with its core pro ...

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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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