Spirax (SPX)

[77ss]

https://www.investegate.co.uk/spirax-sa ... 00046889F/

One of my more recent acquisitions. Low yield but good growth history.

Difficult, at the moment, to pass any comment about the 'growth', but the dividend is up by 10% - which is always welcome.

The comments about China/Coronovirus are interesting:

By the end of February, our Chinese manufacturing operations were rapidly returning to normal levels of activity, while working closely with their local suppliers to restore our required levels of inbound supply. With reported Chinese infection rates now in decline and provided no resurgence occurs, we assume a return to normal levels of business in China by the end of the second quarter and some recovery of lost business in the second half of the year.