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Share Name | Share Symbol | Market | Stock Type |
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600 Group Plc | SIXH | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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2.65 | 2.65 |
Industry Sector |
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INDUSTRIAL ENGINEERING |
Top Posts |
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Posted at 22/3/2024 13:40 by triskelion 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 |
Posted at 07/10/2023 10:47 by varies 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. |
Posted at 26/5/2023 19:10 by my retirement fund It wont be long before the founder of the business will be able to buy the entire company lock stock and barrel for considerable less than what SIXH paid for them in the first place. Nice one SIXH, way to go. I always had this company down as just another stock exchange listed dodgy outfit with a cess pit of poor senior managers from way back in the day when they were advertising in Letchworth and I was looking for a job in electronics and I was based in Hitchin and they ignored my offer to work for them. Probably a bullet dodged and I certainly have made a fortune since running my own businesses and now retired. So congratulations to the top brass, are you all happy you have destroyed shareholder value over the years whilst lining your own pockets for your sheer and utter incompetence ? Will you be handing back any of your salary, bonuses or accrued pension ? |
Posted at 24/5/2023 12:02 by varies KoR WraithI have suffered a very similar experience in SIXH shares over the years and condole with you. The recent abrupt departure of the financial director was too much for my nerves and I sold most of my shares at about 8.5p having paid, I suppose, an average of 15p for them. If some explanation were to be offered for this departure and a successor appointed, I would consider buying back in. |
Posted at 04/5/2023 13:54 by varies laser8 and PejatenWhy do you say that the year-end results are late ? The results for the 6 months to 30 Sep 2022 were announced on 22 December. The latest full year for SIXH ended on 31 March 2023 and this is only 5 weeks ago. Have I missed something ? |
Posted at 10/4/2023 21:27 by laser8 Any news or updates on sixh? Waiting for the year end report.... |
Posted at 22/12/2022 08:00 by gurjit Not sure what to make of these results! Debt now low as anticipated, increasing revenues but translates into net loss again from continuing ops due to cost inflation & supply issues. Order book actually down as lost a large order & no dividend. Seems a fair amount of uncertainty ahead with looming recession.Really looking for an opportunity to offload....think I would do so now if it reaches the highs of last year.Any thoughts / more learned opinions? |
Posted at 03/9/2022 13:56 by 1gerryp Given the fall in Sterling since the US$ sale proceeds, it is to be hoped they have not hedged the US$ cost of the £ loan redemption due next August. This is currently looking about US$1.25m better. Likewise the final interest payment of £680,000. Sterling's fall also reduces the impact of any re-instated £ dividend. I presume the US$3.25 loan facility has been repaid. Should be reporting very soon |
Posted at 13/4/2022 22:28 by pldazzle ALS - Indeed. SIXH had no laser business until it acquired, initially, 80% of TYKMA in February 2015; there have since been further acquisitions on the laser side. The balance sheet at 31/3/2015 shows goodwill of £7.144m [accounts were expressed in sterling back then] against zero a year earlier.It follows that none of the goodwill relates to the businesses sold. |
Posted at 11/4/2022 14:26 by varies KoR_WraithYou make a compelling case. I fear, however, that the cash position may be less straightforward than you suggest; it would have been helpful if SIXH had produced a Pro Forma balance sheet to accompany the announcement that was selling the machine tools business. For what this is worth, I will attempt to analyse the figures and see if I come to the same conclusion as you do. I have been buying some shares back recently that I sold at below 10p at the end of 2020 as I too take a more positive view. |
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