600 Share Discussion Threads

[hpcg] 15/7/2021 16:21

8% is not expensive and nowhere near distress. A small company is high risk under any conditions, so arguably 8% is a very good rate.

[baner] 15/7/2021 14:39

as you say johnhemming, it is a bit of a concern that they could not find cheaper loans.........

[johnhemming] 15/7/2021 12:49

I have been looking at this quite a bit, but it has not persuaded me to invest as yet. It seems a reasonably good quality tech based manufacturer. However, although 8% on the Loan Notes is not excessively expensive, it concerns me that this was the best option. We don't yet have the accounts for the main Covid period, but things are also a bit unpredictable at the moment.

I am not sure whether they have taken a CBil loan or not which could prevent payment of a dividend. The warrants at 20p do act as a bit of a ceiling on the share price for now.

On the other hand on a price for sales basis it is quite cheap.

The earnings release is I think scheduled for November and I think I will have to see that before potentially investing.

[rburtn] 15/7/2021 12:05

I think it's time Private Equity took a look at this company. It retained profits of half its market cap over the last two or three years and yet shareholders have not seen its value reflect that investment. It certainly is not being run in the interests of ordinary shareholders and someone must be doing very nicely out of it.

[baner] 15/7/2021 10:31

Re today´s announcement: these are very expansive loans and the warrants are significantly dilutive - it is strange that 600 did not manage to re-finance in today´s market, which is flooded with cheap money? There are some good businesses in 600 - one growth company (laser marking) and then the old cash cow operation. Clearly a bank would be interested to lend 600 £8m against these???

[eggbaconandbubble] 27/6/2021 10:22

I'm starting to look at this one.

Where are all the latest stories/opinions etc - links? If anyone would be so kind!

[rightnellie] 26/5/2021 09:27

Making a relatively quick move towards its value 20p+. good! good!

[balcony] 26/5/2021 09:16

On the move again,buyer paying 17p now.

[ny boy] 25/5/2021 19:40

All velly lovely, should break 19p this quarter imo

[wynmck] 25/5/2021 15:26

softly softly......

[ny boy] 17/5/2021 23:10

Seriously cheap imo

Will let it grow whilst I stay on the Greek Islands for a few weeks and seek enjoyment, a pleasant 25-27c..casual

Breakout to short term resistance @ 19p on the cards!

[imnotspartacus] 17/5/2021 13:59

Why not I'm allowed, at 13.5p it confirms the breakout so I'm excited!

[dozey3] 17/5/2021 09:17

Don’t get too excited. Looks like just one 60k trade which is peanuts, and the spread is horrendous. Won’t be adding to my handful anytime soon.

[andyview] 20/4/2021 15:00

I’m in for a few too

Gla

[imnotspartacus] 16/4/2021 13:20

It does look good so in for a nibble.

[ny boy] 16/4/2021 10:29

An obvious buy, bought a chunk yesterday, long term hold for strong recovery later this year dyor as usual

[warranty] 15/4/2021 09:34

Watched this one for years and will now wait for a decent pullback to enter. Looks like the worst is behind it now.

[baner] 15/4/2021 08:14

looks very cheap now. very expensive loan notes will be refinanced in 2022 and have a strong impact on the EPS going forward.

[balcony] 15/4/2021 08:11

Slow out of the blocks.

[laser8] 07/4/2021 20:50

Any updates on these guys? Was looking for a report at their fiscal year end 2020 on April 1st, Are they still a buy, or sell??

[my retirement fund] 02/3/2021 15:57

So they were in danger of insolvency because of loans. Jeez who knew ? FFS what a company!

[wynmck] 02/3/2021 15:31

pity it didn't read
shareholders have been granted forgiveness of their initial purchases :)
but yes bit of good news for a change

[wiganer] 21/2/2021 12:00

As you say, never a good sign. Jury out on this one.