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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| 600 Group Plc | SIXH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.65 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.65 | 2.65 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Top Posts |
|---|
Posted at 16/8/2023 21:54 by brucethegoldfish Interesting - an active long term investor in industrials. Usually aim to build a stake to become largest institutional shareholder |
Posted at 15/11/2021 11:48 by davebowler On track to unlock equity valueDownload the full report 600 Group designs and supplies industrial laser systems (which it also manufactures in-house), machine tools and precision engineered components. The Group’s management interests are well aligned with shareholders’, and we see this as a strong commitment from the management team to develop the company over the medium-term. Management’s strategy and additional equity value potential, combined with strong market dynamics, offer a compelling risk-reward profile to investors. We estimate a fair value of £39m and initiate with a Buy rating. Peter Renton Growth Companies Research | Cenkos Securities plc |
Posted at 12/11/2021 19:24 by hpcg Highly reassuring update for existing holders and those waiting in the wings. Over the summer, in many small caps, investors have clearly not believed those that offered positive trading statements. As those are reiterated money is returning. |
Posted at 29/7/2021 15:43 by ny boy All one can do is add copiously on the dips, sooner or later investors will twig that this one is incredibly good value imoPatience before we finally get motoring GL |
Posted at 25/6/2019 10:41 by cjohn At any price, it's less risky to hold the debt.Which means if they do convert, it's likely to be followed by an immediate sale of their new shares; ie profit-taking to eliminate risk of shares falling back. (Otherwise, they could merely go on holding the debt.) That having been said, investors often follow sub-optimal strategies. |
Posted at 31/5/2019 01:32 by kazoom I'm not invested here currently (have been in the past), but I'm happy for holders that this 'news' (really actually not much new to be honest) has been positive for the shareprice.As I have indicated in the past, personally I think the pension buyout was a very short termist view from a company desperate for cash - you don't have to go back too far to see that they were in danger of running out of cash and had sold pretty much all of the family silver. It seemed very brave to me when they reinstated the dividend and now they are said to be planning to spend some of this "windfall" on acquisitions. Again that seems quite brave to me, it is probably the right way to go in terms of building value, but investors should be aware that if they spend this cash then they remain one bad year away from disaster. It might sound odd, but I would really like this company to do well, and therefore I hope shareholders prosper, but whilst I will continue to watch with interest, for me it is just too risky at this juncture. |
Posted at 26/3/2019 05:55 by buywell3 You said much the same when I saidbuywell3 - 01 Sep 2017 - 07:22:16 - 667 of 794 The conditions are perfect for the contrarian investor - SIXH SIXH took 7.25p for their ProPhotonix shares ... they traded at 20p earlier in 2017 Many here have made much of the SIXH stake in that company Now SIXH have sold it for a £1M profit to pay down debt To me that says SIXH view debt as a problem that needs urgent attention Why? ma's see this as a negative |
Posted at 17/7/2018 20:22 by kazoom With today's price rise adding c. £1.4m to the market cap, "the market" sees this pension disposal as good news.It was always on the cards, but I see it as bad news for shareholders. As I drone on about in the past, the more patient they were able to be and the longer that put this off, the bigger the benefit to be realised. As it stands following completion the company stands to receive between £3-4m, that's paltry compared against the c. £30m that is disappearing from the balance sheet. Even compared against the much more conservative "technical provisions" valuation surplus of £12.2m (£7.9m after tax) it is not a great return. They have probably got a decent enough deal under the circumstances, but my concern is that they had to do it now and not for a higher return at some point in the future. The deal meets the companies TWO (I think there are two missing) key cirteria : 1. to better secure the benefits to be paid to the pensioners 2. to relieve the Company of the disproportionate liability of such a large scheme. The two criteria that I believe to be missing are : 3. [What should have been an objective] to maximise the return to shareholders. and 4. [The real reason] to get our hands on some cash ASAP. (Maybe Wonga turned them down?) In the last year I think the burnt through c. £1m of cash so this deal does give them some headroom, but it is very much last chance saloon - they have no more "family silver" to dispose of so need to become cashflow positive very soon indeed. Based on the half year results with the pension disposal overlaid I think that TNAV is now £11m made up of : PPE 3 Working Capital 16 Defered Tax 4 Net Debt -9 ==================== 14 ==================== This compares with a market cap of £20m after today's rise. Underlying PBT for the last two years has been below £1m each year and there is (obviously) no dividend, so in no sense whatever do I think this can now be considered "value". As a quality British manufacturer I would really like to see them succeed, but I can honestly now see nothing that would make me want to invest here. In this case, I would love to be wrong, I have no position here other than having been a past investor from time to time. Anyone got some good news? CJohn - I know you don't do "hyperbole", but is there something I have missed in this dour assessment? |
Posted at 04/4/2018 20:10 by varies MRFJust a dismal market, I believe. Similar losses are afflicting most of my portfolio. In many cases the falls may be caused by investors realising their losses for CGT relief before the new tax year but I doubt if this applies here. |
Posted at 21/9/2017 11:12 by my retirement fund It should be funding an expanding order book from its profits and increased help from its main bankers, first and foremost invoice discounting facilities and if it's really pushed, short term loans.It's just recieved a huge wodge of cash so we the he'll does it need to turn to it's last resort it's equity base and raise more at a nasty and painful discount.Something does not smell at all right here and I think serious investors really need to be now taking a close look at the top and asking themselves what an earth the problems could be here and why is there such gaping ravine of credibility that's clearly so starkly ,missing. |
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