About three months ago I covered Strix (LON:KETL) (here) . Quite a lot has transpired since then. The group has just released its FY20 annual report and I’m interested to see how it is getting on in this COVID-19 era. In my view Strix is a very promising company and could become much larger in time. I think this because: Strix occupies an important position in the global domestic appliance value chain,It has world class facilities,It has patents that it vigorously defends, andIt is investing millions in research and development, The group has a total of 14 new products set to be launched in the coming year. With a market cap of less than £400m, I think there is plenty of scope for steady growth. In the meantime, this is a high quality, cash generative, modestly valued company that rewards shareholders with an attractive yield and is well placed to defend its favourable market position. Its shares have rebounded strongly after tumbling in late March and its StockRank is also showing signs of recovery. What can we take from the FY accounts? Headline results FY19 has been…
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
