Spirax-Sarco Engineering (SPX)

Sector:

Engineering

Index:

FTSE 100

8,850.00p
   
  • Change Today:
      50.00p
  • 52 Week High: 9,400.00
  • 52 Week Low: 5,900.00
  • Currency: UK Pounds
  • Shares Issued: 73.61m
  • Volume: 111,774
  • Market Cap: £6,515m
  • RiskGrade: 110
  • Beta: 1.18

Spirax in talks to buy Thermocoax for €158m

By Frank Prenesti

Date: Monday 18 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Spirax-Sarco Engineering said it was in talks to buy Thermocoax Developpement from Chequers Capital, TCR Capital and other minority shareholders for a €158m (£139m) on a cash-free and debt-free basis.
Thermocoax is based in France and has factories in Normandy, the USA and Germany.

"We anticipate that Thermocoax will become part of our Chromalox business and will significantly enhance our electrical process heating business, especially in Europe," Spirax said in a statement on Monday.

"The US market holds significant potential for Thermocoax. It has grown substantially there in the last five years but is constrained by lack of critical mass and local credentials. Chromalox has scale, contacts and reputation in the U.S. that can support faster penetration of the market as well as enhancing its offering to its own customers."

"In Europe, Thermocoax is expected to strengthen our market position, capabilities and brand recognition in a broad range of attractive industries and applications beyond those where Chromalox currently operates."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SPX Market Data

Currency UK Pounds
Share Price 8,850.00p
Change Today 50.00p
% Change 0.57 %
52 Week High 9,400.00
52 Week Low 5,900.00
Volume 111,774
Shares Issued 73.61m
Market Cap £6,515m
Beta 1.18
RiskGrade 110

SPX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.54% below the market average99.54% below the market average99.54% below the market average99.54% below the market average99.54% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
79.80% above the market average79.80% above the market average79.80% above the market average79.80% above the market average79.80% above the market average
56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average
Income
94.21% below the market average94.21% below the market average94.21% below the market average94.21% below the market average94.21% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
78.27% above the market average78.27% above the market average78.27% above the market average78.27% above the market average78.27% above the market average
63.16% above the sector average63.16% above the sector average63.16% above the sector average63.16% above the sector average63.16% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 6
Sell 0
Strong Sell 3
Total 12
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SPX Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Oct-19 25-Apr-19
Paid 08-Nov-19 24-May-19
Amount 32.00p 71.00p

Trades for 06-Dec-2019

Time Volume / Share Price
16:35 30,607 @ 8,850.00p
16:29 77 @ 8,845.00p
16:29 150 @ 8,845.00p
16:29 8 @ 8,840.00p
16:29 70 @ 8,840.00p

SPX Key Personnel

CEO Nicholas John Anderson
Chair Jamie Pike

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