600 Share Discussion Threads

[kor_wraith] 15/3/2022 10:08

Given the company's spotted history I don't see it doubling in the near future, but if the sale goes through I think 20p+ is as near as guaranteed

[value hound] 14/3/2022 14:49

Bought back in here today FWIW - would seem to be worth c.twice as much to me?

[kor_wraith] 10/3/2022 13:31

This deal is just what the company needs - a realisation of cash hungry assets at close to book value, with a potential clearing of debt finally paving the way for growth investment/dividends/buybacks in future. It also looks to fit in with the purchaser's existing interests so quite possibly a win-win.

[callumross] 08/3/2022 09:13

Surprised this one has not significantly rerated following the disposal of the two drags on the business, the machine tool business and the debt. Guess it has been overlooked with all the Ukraine concerns.If the proceeds are to be used to clear the debt then presumably the rights to the 20p warrants which are attached to the debt will also be cancelled. In any event this deal looks transformational for the company and a rerating is surely on the cards once the markets settle down (assuming the deal is voted through).

[buywell3] 07/3/2022 08:29

Not a done deal though is it

[baner] 07/3/2022 08:07

Really positive news - now they can repay the expensive loan notes and invest more in the attractive laser division. EPS should reach 2-3p in a couple of years - the shares will probably reach the strike price on the warrants soon. This will cause some dilution - however for a good reason. Excellent risk/reward at 13p.

[pejaten] 07/3/2022 07:04

wow. fantastic deal

[rightnellie] 05/1/2022 09:55

When are people going to wake up and value this share?

[ny boy] 25/11/2021 11:38

Buy those dips Sir!

[my retirement fund] 18/11/2021 10:49

The laser division is the only part of it thats managed to keep this charade solvent for years!

[ny boy] 15/11/2021 12:19

All good in the hood, not long ago since I was the only poster on this little gem

[davebowler] 15/11/2021 11:48

On track to unlock equity value

Download the full report



600 Group designs and supplies industrial laser systems (which it also manufactures in-house), machine tools and precision engineered components. The Group’s management interests are well aligned with shareholders’, and we see this as a strong commitment from the management team to develop the company over the medium-term. Management’s strategy and additional equity value potential, combined with strong market dynamics, offer a compelling risk-reward profile to investors. We estimate a fair value of £39m and initiate with a Buy rating.



Peter Renton

Growth Companies Research | Cenkos Securities plc

[chris moja] 15/11/2021 09:44

This guy appears to be very confident with SIXH;

[balcony] 15/11/2021 07:37

That reads well,the laser division doing well.

[kor_wraith] 13/11/2021 14:50

Hopefully the higher margin laser division makes up a large part of the significantly increased orderbook, as indicated may be the case in the previous end of year results.

[balcony] 12/11/2021 19:32

And a very quite BB.

[hpcg] 12/11/2021 19:24

Highly reassuring update for existing holders and those waiting in the wings. Over the summer, in many small caps, investors have clearly not believed those that offered positive trading statements. As those are reiterated money is returning.

[ny boy] 12/11/2021 16:00

Gathering some momentum stay patient here.

[ny boy] 31/8/2021 15:54

It’s a slow burner this one, but should gather strength as we enter / Q4

Been in since April, just add on small pull backs and stay patient imo

[ny boy] 03/8/2021 12:26

Summer trading, low vols, action starts again September onwards imo
Stay patient but good time to collect some bargains

[dozey3] 29/7/2021 21:45

Quote from the recent trading update:

“… As at 15 July 2021 the Group's order book stood at $22.5m (31 March 2021: $14.1m). In addition to being a material increase over the Group's order book as at 31 March 2021, it is pleasing to note that $12.9m (57%) of the current order book relates to the Group's higher margin Industrial Laser Division.”

Hence the balance has shifted away from machine tools, and increased orders and margins bode well for the future imo.

[ny boy] 29/7/2021 15:43

All one can do is add copiously on the dips, sooner or later investors will twig that this one is incredibly good value imo

Patience before we finally get motoring GL

[kazoom] 15/7/2021 20:29

It is not too surprising that they had to pay 8% for the debt.

Objectively, they are a poor credit risk. They have been close to insolvency for the last few years. Having sold off all of the family silver just to keep the lights on, they have no meaningful assets beyond their working capital. They are one slowdown from a bust imho.

I'd love to see this British engineering firm prosper and hope they will, but they are much too risky for me to invest in as things stand.

[my retirement fund] 15/7/2021 17:27

8% is a disgraceful burden but thats what companies who have been poorly financially managed are going to be penalised in this way. I mean the company was on the verge of insolvency several months ago if you care to check recent history!