600 Share Discussion Threads

[my retirement fund] 24/6/2019 08:25

Should certainly expand the market place for both parties laser marking and related products.Good to see the private owner of the state side business is taking some meat in the 600 business too!The laser products I'm very familiar with as I used to have a service provider with an industrial unit packed with them. They were the business!

[battlebus2] 24/6/2019 08:18

Seems an excellent acquisition. Lasers always do it for me ✅

[my retirement fund] 13/6/2019 14:15

Very difficult to actually buy in quantities now!

[buywell3] 01/6/2019 09:37

I see SIXH now has some cash ... I wonder if it wants to become a bigger sitting Goose

It is interesting to see that Tim Losik the CEO of ProPhotonix has acquired
5.6% of the PPIX in the last week or so.

He now holds 15.6%


The 600 Group (SIXH) owned 24% of ProPhotonix and sold to 4 Institutions around 1st Sept 2017 each buying 5.5% at around 7.75p a share from memory.

Hargreave Hale LTD were acquired about a year ago by Canaccord Genuity, who have been recent sellers along with Gresham.

Many on the SIXH thread thought that the 600 Group were going to acquire PPIX, as they did quite a lot of business with them.



The 600 Group got £1,708,266 for their holding

Today the entire market cap of PPIX stands at £3M having risen circa 20% in the last 8 or so trading days.

Since 600 Group sold , PPIX have released several new products to the market which they have designed and manufactured themselves along with patents.

IMO PPIX are a sitting duck at the current level of MkT Cap to now get bought out

IMO Tim Losik the CEO thinks the same , hence his buying the shares.

This is not a share for widows and orphans.

IMO it represents a decent punt ... no more , no less. It's a penny share which does tend to appeal to those that like higher risk = higher rewards type plays.

How high could it go?

Depends upon how long it trades/gets bought/MBO etc ... but when it had a couple of decent years trading and made profits it hit intra-day circa 20p in 2017


That would be a top hope IMO within 3 to 4 years if it can get back into profits within the next 2 years.

That is also what it was in 2010




dyor

GLA

[my retirement fund] 31/5/2019 13:30

I suspect given the pension has been separated its a sitting duck. Moreover given its cheap valuation and exposure to the US market, its days as a listed company are numbered.Infact I'd probably go as far as to say if this is still publicly listed in 1 years time, I'll eat my hat!

[hastings] 31/5/2019 11:14

It is undervalued, even allowing for the discount often applied to the sector.I think a lot of people are unaware that 600's business is now very much focused on the US which accounts to near 70% of the business, hence the reporting in dollars now.The outlook for the machine/tool market there appears positive enough and 600 has said results for last year will be in line. That's a pre-tax profit of $3.9m moving to $4.3m for this year EPS of 3.19c and 3.58c.

[my retirement fund] 31/5/2019 10:42

Going up looks under valued

[kazoom] 31/5/2019 01:32

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.

[hastings] 30/5/2019 13:36

Thanks for the link Tole.CJohn, you are I believe correct re- the pension and aborted takeover of a few years back, it's certainly what I was told from the company.More recently, (last Autumn) when I interviewed the Chairman he stressed that the ambition/goal was to see the company expand with a £100m plus mkt cap.If they have identified and can purchase one or two targets at the right price the shares could at last be very rewarding.

[tole] 30/5/2019 12:37

https://www.yorkshirepost.co.uk/business/600-group-prepares-for-acquisitions-after-pension-buyout-1-9795059

[cjohn] 30/5/2019 12:15

Yes, getting rid of the albatross of the pension scheme certainly de-risks the company and frees up management time.

The size of the pension schemes was, I believe, a factor in the falling through of the various possbile buy outs of the company over the last decade or so.


(The 4m pound surplus país back to the company illustrates how misleading the large balance sheet pension surplus was, however.)


There's also been the news of the new headquarters.


So a couple of positive steps being made.

[hastings] 30/5/2019 07:49

Pension surplus concluded too provides for much more comfort and ammunition to take the business forward.

[wynmck] 30/5/2019 07:47

T/s out...."in line" and "solid trading"

[cjohn] 20/5/2019 19:03

Ok, I see, but so what?

I can also put several other companies on the chart that have done very well or very badly. What does that prove?

[buywell2] 13/5/2019 10:48

That chart is an ADVFN ''comparison chart''


What it does it COMPARES the PERFORMANCE of the companies selected over a given period



Hence they all START at the same point


eg 10k invested in each would be


SDI now worth close on 60K

SIXH and PPIX now worth around 16k today

[cjohn] 08/4/2019 11:48

The chart you've just posted of PPIX, SIXH and SDI is makes no sense whatsover.. You've got your chart of PPIX completely wrong.



You may have something useful to say. But check your facts and charts first.

[cjohn] 08/4/2019 11:45

Hello Buywell 2,


you say PPIX hit 20p.

Yes, it did hit 20p, but in 2011, three years before SIXH acquired their stake!!!!!


SIXH acquired their stake in PPIX in August 2014! They sold out for a price not too far below the market price in August 2017 at 7.25p. Subsequent to that sale, the share price hit a high of just below 11p.

[buywell2] 05/4/2019 11:50

Hi CJohn

No but he is a shrewd cookie and likes a bargain buy, PPIX hit 20p ,did you not see that ?

Currently now in the naughty corner

Have a look at SDI ... I have liked these for some time now and they just keep on getting better

Scientific Digital Imaging ... Buying a lot of profit making small caps , all with growing turnover , all with little or no debt , and all that fit with the growing SDI Group giving X selling opportunities AND more engineering brains to help each other develop and improve new and existing products.

IMO 3M plus profits to come this year , 4M profits next year after todays latest acquisition made from existing cash.

I am doing comparisons today with SDI and have yet to find one that has performed better over the last 3 years.

I have thrown Prophotonix PPIX into the mix for fun




Surprisingly SIXH comes in 3rd place

10K invested in SIXH today being worth about 16k
10K invested in PPIX being worth about 17k
10k invested in SDI being worth 51K



The thing I like about SDI chart is it is a nice cyclic move upside , with the current BOD strategy for growth only SDI being bought themselves looks set to stop them doing more of the same

[cjohn] 26/3/2019 18:06

Hi Buywell,


1. the highest price I can see for Prophotonix shares up until mid-2018 was below 10p. SIXH sold up for 7.25p. Where did that 20p figure you're using come from?

2. What has your post got to do with Perloff's involvement ? Are you saying HE'S responsible for the drop to 13p?

[buywell3] 26/3/2019 05:55

You said much the same when I said

buywell3 - 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

[cjohn] 20/3/2019 09:22

Could you suggest some possible negative scenarios, MRF?


Otherwise, I will continue to see his involvement as a positive.

[hastings] 20/3/2019 09:20

On the contrary, he's been invested here for years having maintained the same stake until upping very recently.If he's identified what he sees as an opportunity, he'll have to overcome Haddeo who will want a decent return.I view his action at these levels as a positive.

[my retirement fund] 20/3/2019 08:56

Perlof has a long track record with these kind of situations. Shareholders need to be worried. Very worried!!

[hastings] 20/3/2019 06:47

I see Mr Perloff has now upped his stake to almost 9%!