Strix Group; re-enters JIC Portfolio

Strix Group: (KETL.L, Aim 100, Market cap. £262m, 138p, 2.0% of JIC Portfolio and 0.0% of JIC Top 10): 

On 6th and 14th February I sold in two tranches, my position in Strix Group on concerns that supplies from China would be interrupted.

I have today bought some of the stock back at 139p, some 25% lower than my sell price.

At 139p it is on a prospective December 2019 dividend yield of 5.6%.

Strix has a strong balance sheet, is highly cash generative and looks to me good value again on a one year plus basis.

On Stockopedia it has StockRank of 90 (Quality 86, Value 57 and Momentum 73)

FWIW, Simply Wall Street believes it to be trading 51.8% below fair value!

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