Updates

Strix

June 2026

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.

Following the sale of Billi, which completed on 30 January for £105m, Strix has begun returning capital to shareholders. The company was left with around £35m in cash post disposal and has already returned £13.4m through an open-market buyback of 8.36m shares at 41.2p and a tender offer for 23.3m shares at 43p. Separately, Strix has maintained FY26 guidance for revenue of £150m and headline pretax profit of £9.8m-£10.2m. The Controls division is recovering, with post-tariff volume improvement continuing through the first quarter and new low-cost and next-generation products delivering early success. The Consumer division has returned to growth and is benefiting from tighter strategic focus, particularly in higher-potential water ...

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Kainos

Watkin Jones

Strix - Sells Billi for £110m (paid £38m in 2022) (January 2026)

Strix (May 2025)

Strix (November 2024)

Strix (August 2023)

Strix (January 2023)

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

Strix (October 2022)

Strix (August 2022)

Strix - Faster growth from water and SDA divisions (October 2021)

Strix (August 2021)

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

Strix (October 2019)

Strix (August 2018)

Strix (May 2018)

Strix - Whos who of institutional buyers (September 2017)

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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