Spirax-Sarco Engineering (#SPX) – H1 adj. EPS +11%, DPS +10%, “improved full year outlook”
- 2022-08-11 07:25:35
Hello Share Twitchers. When a director buys shares in their own venture, the stock market publishes the fact. This can be an attempt by an outfit in trouble to wrongly reassure its investors and perhaps encourage them to buy more shares. Spoofs like this are sometimes exposed on this glittering website. I had a friend who once moaned after buying shares in a firm with a buying boss as on further reflection his small purchase exceeded the director’s. So be careful. But when the fundamentals show you a company is progressing, it’s a jolly good sign when a big cheese buys their own stock.
Hello Share Splurgers. One of my best Footsie plays has handed in jocund results for the first half of this year. Spirax‐Sarco Engineering (SPX) is a heavy manufacturer dealing mostly in steam power. It’s reported revenue of £643.7 million compared to £569.7 million last time. And even better is that adjusted operating profit came in at £162.9 million, as opposed to £119 million last time.
Hello, Share Whizzers. It’s always a pleasure to report on a previously commended share which continues to shine. Spirax‐Sarco Engineering (SPX) sounds like a boring proposition, but where there’s a yawn factor there is often a tasty opportunity. The share price of this Footsie giant has recently breached new highs almost daily.
Hello Shares Tasters. Kicking off its preliminary report on progress, one of my favourite companies boasts: ‘Resilient performance in 2020; well-placed for 2021’. And after the dangerous 12 months we’ve just been through, that’s a pretty encouraging opening line. Spirax-Sarco (SPX) is a heavy industrial giant specialising in steam engines. Now that might seem a little old fashioned, but this is a British company at the forefront of heavy engineering. It also does electrical stuff.