Strix Shareholders Approve Disposal of Billi Division

Strix Group ( (GB:KETL) ) has provided an announcement.

Strix Group has secured shareholder approval to dispose of its Billi division, with 99.97% of votes cast in favour of the resolution at a general meeting held on 8 January 2026. With all conditions under the sale and purchase agreement now satisfied, completion of the transaction is expected on 30 January 2026, marking a significant step in reshaping the Group’s portfolio and strategic focus within its core water-heating and filtration markets.

The most recent analyst rating on (GB:KETL) stock is a Hold with a £50.00 price target. To see the full list of analyst forecasts on Strix Group stock, see the GB:KETL Stock Forecast page.

Spark’s Take on GB:KETL Stock

According to Spark, TipRanks’ AI Analyst, GB:KETL is a Neutral.

The overall stock score of 68 reflects a mix of strong technical momentum and reasonable valuation, offset by financial performance challenges. The stock’s bullish trend is a significant positive, but the company’s financial health, particularly profitability and leverage, presents risks that need to be addressed to sustain long-term growth.

To see Spark’s full report on GB:KETL stock, click here.

More about Strix Group

Strix Group Plc, founded in 1982 and based on the Isle of Man, is a global leader in the design, manufacture and supply of kettle safety controls and other components and devices for water heating, temperature control, steam management and water filtration. The Group has expanded into complementary products and technologies and markets water solutions globally under brands including Aqua Optima, LAICA and Billi, and is listed on the AIM market of the London Stock Exchange under the ticker KETL.

Average Trading Volume: 1,167,391

Technical Sentiment Signal: Sell

Current Market Cap: £107.4M

Find detailed analytics on KETL stock on TipRanks’ Stock Analysis page.