Stockchase Opinions

David Driscoll Spectris PLC SXS-LN TOP PICK Jul 02, 2024

Trades in London, 3,605.52 UK pounds price target

Is a supplier of precision instrumentation and controls. Shares have fallen and now trades 12x PE with decent dividend growth. Asset lite with good dividend growth.

$2820.000

Stock price when the opinion was issued

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TOP PICK

Small British company, and he doesn’t have to worry about Brexit because 70% of revenues come from outside Britain. Testing and measurement equipment for water, foundations, safety. Weaker quarter, but trading at 9x earnings. Good entry point for half a position. Yield is 2.4%. (Analysts’ price target is £2,746.07)

PAST TOP PICK
(A Top Pick Aug 17/18, Up 24%) Makes environmental testing equipment. Dividend and free cash flow are going up. Demand for their products is still smoking hot.
PAST TOP PICK
(A Top Pick Jul 02/24, Down 13%)

All his past picks on this date were small-caps and chosen, based on him expecting US interest rates to fall. All were turnaround plays. He used dollar-cost averaging. SXS demand has fallen, but acquisitions are paying off. The dividend is rising, now 3.5%. Also, the UK pound is rising against the CAD. He's still buying.