Strix Group (KETL)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM 100

310.50p
   
  • Change Today:
      2.50p
  • 52 Week High: 385.00
  • 52 Week Low: 220.00
  • Currency: UK Pounds
  • Shares Issued: 206.50m
  • Volume: 65,822
  • Market Cap: £641.17m
  • Beta: 0.65

Strix opens new margin-enhancing factory in China

By Josh White

Date: Tuesday 31 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Kettle safety technology and water filtration company Strix announced the opening of its new factory in the Zengcheng district of Guangzhou, China on Tuesday, with manufacturing fully operational.
The AIM-traded firm said the new factory would double its current manufacturing capacity, enabling it to grow and deliver its stated strategy of doubling revenues over the next five years.

Efficiencies and further in-sourcing arising from the new facility were expected to have a positive effect on margins.

The board said the decision to invest in the construction of a new factory was taken in 2018.

It added that the land was purchased in the summer of 2019, and external construction work began in late 2019, completing in December 2020.

Production and assembly lines were then installed, facilitating the start of operations, with the project completed on budget and to timetable.

"This is a landmark moment in the history of Strix," said chief executive officer Mark Bartlett.

"I am extremely proud of what Strix has achieved since we listed on AIM in 2017 and this marks a significant milestone to support our commitment to double the group's revenues over the next five years."

At 1106 BST, shares in Strix Group were up 1.14% at 379.78p.

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Strix Group Market Data

Currency UK Pounds
Share Price 310.50p
Change Today 2.50p
% Change 0.81 %
52 Week High 385.00
52 Week Low 220.00
Volume 65,822
Shares Issued 206.50m
Market Cap £641.17m
Beta 0.65

Strix Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
48.57% above the sector average48.57% above the sector average48.57% above the sector average48.57% above the sector average48.57% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
29.73% above the sector average29.73% above the sector average29.73% above the sector average29.73% above the sector average29.73% above the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
65.71% below the sector average65.71% below the sector average65.71% below the sector average65.71% below the sector average65.71% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Strix Group Dividends

  Latest Previous
  Interim Final
Ex-Div 30-Sep-21 06-May-21
Paid 07-Oct-21 02-Jun-21
Amount 2.75p 5.25p

Trades for 01-Dec-2021

Time Volume / Share Price
09:03 1,080 @ 310.85p
08:54 54 @ 310.25p
08:52 559 @ 310.50p
08:52 187 @ 310.50p
08:50 216 @ 310.25p

Strix Group Key Personnel

CEO Mark Victor Edward Bartlett
CFO Raudres Lourdes Wong

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