600 Share Discussion Threads

[callumross] 10/2/2021 12:02

Sold my holding. Never a good sign when the finance director resigns with immediate effect.

[rightnellie] 01/2/2021 15:52

Thanks Varies - think there is hope for a significant Europe/US rebound as the vaccines effect a kick start to pent up demand. This company is significantly undervalued when that happens imo

[varies] 01/2/2021 15:45

good luck, rightnellie.
I needed some money and sold about half my SIXH holding at a loss at prices between 9.3 and 9.8p following the gloomy report in December mentioned above.
After a time I found there were no buyers about and decided to keep the rest of my shares.
I agree with you that the current price is too low but this is a thin market and we may need to wait some time before the shares can be sold at a higher price.

[rightnellie] 01/2/2021 13:20

Took a punt today - to add to my holding - 20000 posted as a sell .....it's a buy!

[energeticbacker] 16/12/2020 10:24

Predictably poor results for the six months ending 30 September 2020 and the balance sheet still looks extremely fragile to Investor's Champion.

Investor's Champion is puzzled at the high level of stock this business needs to carry with period end inventory of $18.7m, seemingly equivalent to approximately 200 days cover based on equivalent annualised cost of sales. This was clearly an exceptional period with plenty of challenges, but this business has always carried high levels of inventory, impacting cash flow.

[dozey3] 01/12/2020 18:29

Yes I'm sorry I gave up trying to add to mine a week or so ago. That's one of the problems with online brokers - getting inside the spread. They seem do be doing the right things: streamlining the US operations and looking to strengthen non-cyclical lines. All rests on management, I'm sure there's a good co in there somewhere.

[cjohn] 01/12/2020 17:59

They have a $2.2m loan from the US government COVID job protection scheme. The loan is non-repayable, provided they preserve employment.

So the debt situation is improving.

[squeamish1] 01/12/2020 14:31

10.24p quote to sell just now. Nice to see back in double digits, this is one the vaccine-rally had left behind, maybe the worm has turned.

Hopefully they are taking this unique chance to refinance their commercial debt with more generous UK/US government Covid schemes. A $67m company with revenue growth and positive cashflow should be worth more than £10m one would hope.

[cjohn] 20/11/2020 15:59

You can always get inside the quoted spread. Just leave a limit order.

The interminable re-structuring continues at SIXH. It's a company I've followed for many many years and have twice before had investments here.

I put some pocket money in again recently, in view of the low price.

The problem here has always been that profit ends up in expanded working capital. That hasn't happened this time, which is the main positive from the results.

[varies] 20/11/2020 14:17

PPs
I now see what you mean, Dozey, about the spread which is shown as 4-11p.
Nearly all the trades recorded today, however, have been in the range 7.25/7.88.
With AIM stocks capitalised at under £10 million a spread of 10% is regrettably common.

[varies] 20/11/2020 14:10

Dozey3
what do you mean when you say that the spread is over 100% of the selling price ?
Trades today seem to average at about 7.5p. Do you mean that one would have to pay 15p to buy any shares ?
SIXH is evidently going through a metamorphosis into a company whose principal business will be the design and manufacture of sophisticated lasers based in Florida with the machine tool business a cash cow once it revives.
Whether this will be beneficial to shareholders remains to be seen.
It has taken the company nearly 8 months to produce figures for the period up to 28 March and I find this inauspicious.
I have held SIXH shares for many years and wish I had not. Even so I shall hold on.

[dozey3] 20/11/2020 13:14

In today’s results to the end of March the Chairman states:

"The Group made significant strides forward in the first half of the year, eliminating the Group's UK final salary pension scheme, significantly de-risking the Group's balance sheet, opening of the new European Technology Centre and acquiring Control Micro Systems, a highly complementary business to the Group's existing laser division, which brings ever more sophisticated, value-added and custom solutions in the use of industrial lasers.“

This suggests post COVID recovery makes this a highly prospective medium-term play. Against that the spread is over 100% of the selling price, which is a disgrace and effectively means there is no market in the shares.

[my retirement fund] 20/11/2020 12:22

What a shower!

[buywell3] 22/10/2020 21:28

Try reading the last 3 years posts then

[rburtn] 16/10/2020 07:05

It's a bit difficult to see how a company valued at two months turnover can be said to have been overly ramped but that it is not being run in the interests of shareholders does go without saying.

[buywell3] 15/10/2020 21:11

Tell them buywell doesn't rate this much while you are at it

As it has been overly ramped

[kenbachelor] 15/9/2020 14:13

Thanks Rburtn, perhaps I better tell advfn.

[rburtn] 15/9/2020 13:58

Dividends restarted after a gap of 13 years first paid in September 2018 - 0.5p, one tenth of previous.

[kenbachelor] 15/9/2020 11:02

I've just looked at the dividend history of the company and here's what I get. I don't believe it hasn't paid a divi since 2005

[cjohn] 14/9/2020 12:15

uywell323 Jul '20 - 08:28 - 895 of 896

The Yank that sold his company to SIXH several months ago

Celebrating and sleeve his laughing up he must be



Seriously doubt that, given that he was partly paid with SIXH shares.......And now works at SIXH!

[varies] 21/8/2020 11:38

the delay in producing the results for the year to 31 March 2020 is inauspicious but SIXH has at least obtained some funding under UK and US Covid schemes.

[buywell3] 23/7/2020 08:28

The Yank that sold his company to SIXH several months ago

Celebrating and sleeve his laughing up he must be

[tole] 02/6/2020 18:30

Good to see the price creeping back up since the clearing trade a few days back.

[cjohn] 06/5/2020 09:53

Not a bad Covid update.

[cjohn] 29/4/2020 11:27

Hi Valuehound,

I'd be happy to send you some names of individual stocks. Several I own shares in, others are on my watchlist.


Most in very dull businesses, but stuffed with cash and securities etc.

If you haven't dealt in Japan before, unfortunately, the more popular brokers don't touch it and you'd need a "private client" broker.

Any more info by private message, if you're interested.