600 Share Discussion Threads

[cjohn] 21/5/2017 12:30

I' very sorry if you've held this investment for twelve years. I'm a relatively recent investor, though I have been in and out before.

In the time frame you're talking about the company has gone through various managements. The current management seem the most competent.

And to be fair, there have been three acqusitions in the last couple of years, all of which have been postive.

I'm not in favor of updates for the sake of it. There is value here, if the management succeed in incresing operational cash flow. That is what they should be concnetrating on.

best regards

[hastings] 19/5/2017 12:06

Presumably Haddeo which includes JO Hambro is still keen to exit at a suitable price.Given the company's increasing exposure to the US it is perhaps reasonable to expect some interest from players across the pond.An update on trading wouldn't go amiss either.

[rburtn] 19/5/2017 11:32

What I am expecting CJ is that not having paid its shareholders a sou for twelve years and destroyed their investment, the Company's Directors and major shareholders must regard them as a total irrelevance. By implication, considering a bid at twice today's price not so long ago failed, there must be lucrative arrangements propping this situation up about which the rest of us are ignorant.

[cjohn] 19/5/2017 10:00

What do you mean "lack of action"?

What exactly are you expecting?

[riddlerone] 18/5/2017 08:02

No news (good or bad) means low volatility thats the reason

[rburtn] 18/5/2017 07:46

The only reason I can imagine for lack of action is that the market has concluded there must be some understanding between this Company's controlling minds which suits them and it's solid. Other shareholders can only wring their hands, hope for someone to upset the applecart, or get out at great cost.

[riddlerone] 18/5/2017 07:13

PPIX RNS out
"In addition, the ProPhotonix team has been diligently pursuing new customers and new product and market initiatives, which has resulted in an encouraging 2017 to date. The Company has enlarged its UV product family to include the COBRA Cure FX3, its highest intensity fan cooled UV LED products, and adds to the existing COBRA Cure FX1 and the COBRA Cure FX2.

"The Board remains positive about the business pipeline and is confident in the Company's ability to achieve continued positive momentum toward its business objectives."

[my retirement fund] 17/5/2017 14:47

Not wanting to sound like a stuck record !Having just seen my last post.

[my retirement fund] 17/5/2017 14:46

Its hard to understanding the lack of action here.

[cjohn] 17/5/2017 13:29

PPIX holding now valued at close to 2.7m.

[riddlerone] 12/5/2017 15:38

So PPIX up another point today.Every point increase equates to approx 220k added to assets on the balance sheet.

[riddlerone] 11/5/2017 14:25

PPIX shareholding now valued at £2.2M

[riddlerone] 08/5/2017 07:26

hxxps://www.photonicsonline.com/doc/laser-services-new-marking-laser-helps-microcircuit-designers-improve-processing-yields-0001

[riddlerone] 03/5/2017 07:52

Article from January but quite interesting nevertheless
hxxp://uk.businessinsider.com/swedish-supermarkets-are-replacing-sticky-labels-with-laser-marking-2017-1?r=US&IR=T

[hastings] 18/4/2017 12:54

Picked some up this lunchtime in two trades which aren't showing up here as yet.

All in all looks markedly undervalued, so hopefully will prove a decent recovery play, despite the poor past track record.

Increasingly US focused and some improving prospects in the Middle East and Aia should be able to boost profits going forward, (one hopes)

Haven't spoken with the company since Nigel Rogers was here, so will look to establish some contact.

[cjohn] 10/4/2017 09:34

The main concern is over levels of debt. Athough their net asset position has improved over the last year - ie they have made tangible profits - their need to increase working capital to support higher potential turnover means their debt position hasn't improved.

Obviously, if they start generating operational cash - which they should, barring unforeseen hiccups - the shares look very undervalued. (The PPIX holding is a bonus!)

I've bought in quite heavily here in the last six months or so and know the company reasonably well as I've invested twice before over the last decade or so.


Also bear in mind, there was some excitement due to the potential takeover action: this has now died away and some disappointed investors may be taking profits.

[my retirement fund] 07/4/2017 12:08

Don't understand why these have not picked up recently

[cjohn] 04/4/2017 09:45

Yes, SIXH's share is worth over 2m now.

[riddlerone] 03/4/2017 13:27

As an update PPIX up a further 20% today.Quickly becoming an investment with true value.

[riddlerone] 30/3/2017 14:26

PPIX on the move.Now values SIXH holding £1.5m compared to £1.1m at the interims

[riddlerone] 19/3/2017 09:09

Last months article but nevertheless interesting
hxxp://www.industrial-lasers.com/articles/2017/02/the-laser-industry-is-robust.html

[riddlerone] 16/3/2017 14:15

Simon seems to agree
hxxps://masterinvestor.co.uk/category/evil-diaries/

[cjohn] 16/3/2017 10:29

The most likely sticking point was the price to be paid. This was the reason negotiations fell through with the Chinese buyer a few years back. That these are undervalued seems clear to me; but Haddeo would have wanted a Price in excess of 20p.

It's worth mentioning that the value of SIXH's stake in Prophotonix (PPIX) continues to rise, after strong results.

[varies] 16/3/2017 09:00

This news is disappointing.
I wonder if we will ever learn the price that Disruptive was going to pay and why the agreement has been terminated.
It was "conditional upon, amongst other things, certain regulatory approvals and the approval of the company".
Whilst "certain other things" may well have provided an escape route for the purchasers, it seems as likely as not that the sellers as owners of a large part of the capital decided for reasons of their own that the company should withhold its approval.
PPIX produced good figures recently. This is only a small part of SIXH's business but it may be that the laser-marking business is doing well too. So I am hopeful.