600 Share Discussion Threads

[triskelion] 22/3/2024 13:40

As anticipated (sic)

20 March


"...the admission of the Company's ordinary shares to trading on the AIM market of the London Stock Exchange is due to be cancelled with effect from 3 April 2024.." etc etc

[triskelion] 12/2/2024 19:10

So per the RNS of 7th February and absent material developments upcoming, 50 days to go till the listing is cancelled and AIM shrinks a bit more.

Given the lack of visible progress for 4-1/2 months, I'm suprised an administration hasn't been begun. Which fact in itself might almost be encouraging but for the continued absence of the 2023 accounts.

[varies] 07/10/2023 11:47

This seems a very one-sided transaction.
The Counter-Party has in effect a 90 day option whereas SIXH has a large penalty to pay if shareholders do not agree to proceed.
We must, of course, wait to see the delayed annual accounts up to 31 March 2023 before we can judge the merits of this deal. These accounts will probably be accompanied by a depressing report on the current position.

[kor_wraith] 06/10/2023 11:06

"The Board would therefore expect the initial cash proceeds to the Group of the Potential Disposal, should it be completed, to be sufficient to pay off all existing Group bank borrowings, provide significant operating cash and the Company would retain a 20 per cent. interest in the ongoing operations of the Laser Business."

Wow - unbelievable. Best I can tell, rather than sell the company and distribute the net proceeds to shareholders they've come to arrangement whereby they continue to collect salaries whilst providing zero return to shareholders.

[laser8] 28/9/2023 23:53

Anyone planning on showing up?The AGM will be held in person on Friday, 29 September 2023 at 10.00 a.m. EDT at 200 S Orange Ave, Suite 2170, Orlando, FL, 32801, USA.

[varies] 15/9/2023 11:49

Throwing good money after bad ?
At the risk of feeling sore and foolish in a few weeks time I have bought a few more shares today.
The update issued on 24 May 2023 told us that the Group's net tangible assets amounted to not less than $11 million and these exclude goodwill.
The position will have deteriorated since then but, being an optimist, I believe that the overdue accounts will be published in October and hope that debt facilities will have been re-arranged by then.
It is not long since the two American laser-marking subsidiaries were making good profits and they may recover next year.

[nick rubens] 08/9/2023 11:26

From the recent update it says the debt facilities currently expire on 30 November 2023 and are seeking alternatives etc.

Is it a case of looking to rollover it's debt and has to seek another entity to take on the debt from Nov 30th? Cheers NR

[my retirement fund] 08/9/2023 10:02

Not one of gyllhammers best purchases! I think he'd need to buy it out of administration and run it himself if he wanted his money back. I notice they are holding the AGM as far away as possible in Orlando USA which is utterly insane but has presumably be done to minimise the risk of angry scenes and awkward criticism and questions. Shame on them !

[wynmck] 07/9/2023 17:35

Gyllenhammar adds

[nick rubens] 04/9/2023 15:38

Just raised over half a million at 5.5p, so a bit surprised if the suspension is as bad as might be feared today?

[pugugly] 04/9/2023 15:30

Now down 50% Sales at 2.6p - Unusual for Peter Gyllenhammar to catch such a cold. Last fund raise "subscription price of 5.5 pence"

[sandy133] 04/9/2023 13:33

This was fully listed for years

[triskelion] 04/9/2023 11:09

Accounts delayed etc etc, share price down ~40% today. Another AIM disaster.

[sandy133] 04/9/2023 09:05

This is a real tragedy , they bet the house on selling the original business and lost

[callumross] 01/9/2023 19:23

Another great British engineering company goes down the pan then.

[brucethegoldfish] 16/8/2023 21:54

Interesting - an active long term investor in industrials. Usually aim to build a stake to become largest institutional shareholder

[wynmck] 16/8/2023 19:54

Peter Gyllenhammar 9.88%

[arthur_lame_stocks] 04/8/2023 11:17

I wouldn't want them to pay with shares for anything at the moment and I'm not sure anyone would lend them the money to make anything other than a very small acquisition.

Assuming this year is an exception and they're telling the truth I'd like them to restore the company to health and then sell it. I think in that event the shares could be worth 3 times as much as now, maybe even more.

But then it's not up to me.

[chrisdgb] 04/8/2023 09:29

Forget history, what do we think of the future from here for this business....?? Buy and build or sell out........?

[my retirement fund] 26/6/2023 21:37

A dead dogs final death throws

[pugugly] 26/6/2023 21:30

Massive volume today - Looks like all time breakout down - but possibly gambler picking up 460,000 shares at 5.75p = unless a very late marked sell from this morning -

Views on gambling or is this dog dead and the movement is just maggots moving under the skin?

~Any value left?

[laser8] 09/6/2023 11:40

Yes that is true in the sense of values he could. But I'm sure he sold for a reason and would he want to jump back into this market. In any case it is ripe to be picked with such an extremely low market cap This will be an interesting ride