Spirax-Sarco Engineering (SPX)

Sector:

Engineering

Index:

FTSE 100

10,760.00p
   
  • Change Today:
    100.00p
  • 52 Week High: 10,815.00
  • 52 Week Low: 7,330.00
  • Currency: UK Pounds
  • Shares Issued: 73.61m
  • Volume: 176,388
  • Market Cap: £7,921m
  • RiskGrade: 134

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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 10,760.00p
Change Today 100.00p
% Change 0.94 %
52 Week High 10,815.00
52 Week Low 7,330.00
Volume 176,388
Shares Issued 73.61m
Market Cap £7,921m
RiskGrade 134

SPX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.43% below the market average97.43% below the market average97.43% below the market average97.43% below the market average97.43% 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
83.99% above the market average83.99% above the market average83.99% above the market average83.99% above the market average83.99% above the market average
90.48% above the sector average90.48% above the sector average90.48% above the sector average90.48% above the sector average90.48% above the sector average
Income
94.24% below the market average94.24% below the market average94.24% below the market average94.24% below the market average94.24% 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
31.22% above the market average31.22% above the market average31.22% above the market average31.22% above the market average31.22% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 7
Sell 0
Strong Sell 4
Total 12
neutral
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SPX Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Oct-20 23-Apr-20
Paid 06-Nov-20 22-May-20
Amount 33.50p 78.00p

Trades for 12-Aug-2020

Time Volume / Share Price
16:36 2,060 @ 10,760.00p
16:36 886 @ 10,760.00p
16:35 661 @ 10,760.00p
16:35 70,520 @ 10,760.00p
16:29 5 @ 10,790.00p

SPX Key Personnel

CEO Nicholas John Anderson
Chair Jamie Pike

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