600 Share Discussion Threads

[value hound] 25/4/2020 09:44

(But for anyone who's interested, there are sensational bargains in the sector as well, particularly in Japan.)

I'm interested CJohn - any ideas?

TIA

[cjohn] 26/2/2020 08:26

I live in a part of the world that is noted for its concentration of metal-working/machine tooling/ engineering to motor/aviation industry SME's.

I have numerous contacts and friends within the said companies. Those I've spoken to have confirmed that there is already a significant impact on global supply chains from the complications created by Covid-19. This is even true with those firms which have no direct links to China or Italy.

[buywell3] 24/2/2020 00:59

Agreed it will give many an excuse

Some however can benefit

SIXH was promoted and ramped on here a year or so back V buywells take that it wasn't as good as many made out.

For the time being it looks as though IMO the last acquisition was ill timed and the wrong one to make.

dyor

[my retirement fund] 21/2/2020 11:43

Whilst CoV has kiboshed many companies reliant on Chinese imports, what this lot are selling into China is minimal. Therefore I rather suspect there are some companies (a few bad apples) who will be using the virus as an excuse to cover poor management.

[varies] 21/2/2020 11:28

Whilst this news is unwelcome, it is not altogether surprising.
The Chinese shutdown is obviously of great consequence to many industrial businesses all over the world and we will be reminded of this again and again in the coming results season.
Besides a reasonable holding in SIXH I have a small one in Tekmar, a company concerned with sub-sea cabling, that I wrongly assumed to be unaffected. It put out a statement a few days ago referring to the shutdown which knocked the share price about 30%.
Whilst I would like to have had the sense and the courage to sell many such investments a month ago, I cannot help feeling that the effect of this shutdown will be temporary and that in 3 or 4 months time business activity in China will recover to its previous levels and that the current weakness in such stocks as SIXH will prove to have offered a profitable opportunity for those with strong nerves.

[my retirement fund] 21/2/2020 09:02

The debt is disgusting, it sounds like things have gone from bad to worse to out of control. It sounds like terminal decline to me.

[pugugly] 21/2/2020 07:52

MRF_ An even longer shadow cast today-


Marked down 18% pre market - but wide spread -

"As a result of the market volatility described above and the expected resultant shortfall in revenue against a relatively fixed cost base, the outturn for the full year is now expected to be significantly below the Board's previously revised expectations."

Net debt "net debt at the end of September 2019 was $16.9m (March 2019 $14.5m) excluding the IFRS 16 lease liabilitieS" Could now be a major negative for te sahre price - a shame after what looked like an improving revene ande bottom line position.

[brummy_git] 21/2/2020 07:47

My views on today's trading update from SIXH can be found here (no positions held)

[asagi] 18/12/2019 08:50

groan. And I cannot see the shares recovering particularly quickly unless there is good news.

Asagi (long SIXH)

[itsnotmeitsy0u] 18/12/2019 07:25

ouch glad i dumped after the HY results - profits warning

[my retirement fund] 02/12/2019 12:29

So the Colchester property was not included in the sale and is currently under offer. Bonus !

[itsnotmeitsy0u] 02/12/2019 09:55

20p coming up shortly i reckon

[itsnotmeitsy0u] 02/12/2019 07:22

decent update

[dozey3] 29/11/2019 06:42

Ah, from the last AR:

The Company has raised £8.5m ($11.08m) through the issue of loan notes. The loan notes maturity was extended by two years in February 2019 to end on 14 February 2022 and carry a coupon of 8% payable quarterly in arrears. The subscribers for loan notes also received warrants with an expiry date which was also extended by two years to 14 February 2022 to subscribe for 43.95m ordinary shares of 1p each in the Company at a price of 20p per Ordinary Share. The issue of the warrants occurred after approval was granted by the shareholders at a general meeting on 18 March 2015. 43.95m warrants remained outstanding at the year-end.

FWIW I am a holder as part of an IHT exempt portfolio, believing that since the pension liability was sorted the future could be bright. But to take-off it needs this warrant dilution to be over as well as Brexit.

[my retirement fund] 28/11/2019 19:05

Def a share overhang here imo

[my retirement fund] 24/11/2019 21:31

Time waits for the bun banda

[my retirement fund] 15/11/2019 17:13

Could see north of 20p pre results

[wynmck] 13/11/2019 17:16

moving today...results early Dec

[cjohn] 26/9/2019 11:15

The chief sticking point with SIXH is their heavy capex and working capital requirements. This means debt is stubborn and highish in spite of quite strong operational cashflow.

The company say that sourcing out more manufacturing will reduce annual capex spend and flogging off Gamet will reduce working capital.

We'll see in the next year.

[baner] 25/9/2019 21:27

very conservative PE-ratio. if normalised, the shares would trade at 30p-ish.

[cjohn] 25/9/2019 09:09

Yes, no negatives. In line trading.