Added to YB: 2026-01-13
Pitch date: 2026-01-09
KETL.L [neutral]
Strix Group Plc
+3.23%
current return
Author Info
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Company Info
Strix Group Plc designs, manufactures, and supplies kettle safety controls and other components worldwide.
Market Cap
GBP 111.5M
Pitch Price
GBP 0.48
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.53
P/E
13.96
EV/Sales
1.34
Sector
Electronic Equipment, Instruments and Components
Category
turnaround
AIM A-Z Part 31: Niche Businesses - Watchlist: Strix Group Plc
KETL.L (watchlist): £116M kettle safety controls provider selling Australian subsidiary for £110M (bought 2022 for £38M, ~1/3 of group). Lower demand & China tariff headwinds. Cancelled 4.5% dividend to reduce debt. Post-sale may trade ~5x adj EBITDA with £9M finance cost savings improving earnings.
Read full article (1 min)