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Simmering up for a chart break-out

The global leader in kettle safety controls and advanced water filtration products has displayed strong defensive characteristics during the pandemic and is now set to deliver bumper sales growth
Simmering up for a chart break-out

Isle of Man-based Strix (KETL:293.5p), a global leader in the manufacture and design of kettle safety controls and one with strong relationships with global original equipment manufacturers (OEMs), has issued a bullish annual meeting trading update. 

It’s been well received, with the shares, at 294p, trading close to April’s all-time of 301.5p, up from 233p when I last suggested buying (‘Simmering up for a strong second half performance, 24 September 2021). For good measure, the board nudged up the annual dividend to 7.85p a share, taking the total payout to 24.45p a share since I first recommended buying at 100p, in my pre-IPO analysis four years ago (‘Tap into a hot IPO', 7 August 2017). The ongoing re-rating is fully warranted, and has further to run.

 

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