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Share Name Share Symbol Market Type Share ISIN Share Description
600 Group LSE:SIXH London Ordinary Share GB0008121641 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 16.25p 16.00p 16.50p 16.25p 16.25p 16.25p 20,174 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 66.0 3.9 2.8 5.8 18.36

600 Group Share Discussion Threads

Showing 1926 to 1946 of 1950 messages
Chat Pages: 78  77  76  75  74  73  72  71  70  69  68  67  Older
DateSubjectAuthorDiscuss
19/11/2018
14:08
The half-year results are as expected. Disappointingly, in spite of decent operational cash flow of $2.5m+ before working capital changes, debt has gone up from $15.6m to $17.1m. This is, in large part, due to a decrease in creditors of $2.5m (quoted figure) or $2.8m (balance shee calculation ) So they pay off their trade debts more quickly than their debtors pay them. Possible explanations are they get better trade terms like that; it's a timing issue; they haven't prioritised debt reduction. No idea which of these is true. In any case, forward indications look positive to me, and at least increased turnover for once has been accompanied by a fall in inventories. Off-loading the mighty pension scheme is a step forward; now they need to prioritise debt reduction.
cjohn
25/10/2018
16:42
Thanks for the heads up, Hastings. I'd missed that update.
cjohn
24/10/2018
06:58
Positive appointments and update this morning to counter the general market gloom.
hastings
01/10/2018
17:17
and to my utter amazement......a Director Buy rns!
wynmck
28/9/2018
18:26
I'd forgotten I had any of these, until to my utter amazement I received a cheque for £25 today.
kenbachelor
04/9/2018
13:08
hTTps://www.directorstalk.net/the-600-group-trading-healthy-pension-buyout-dividend-restored/
davebowler
30/8/2018
13:49
Kazoom - yes, but it's just introduced a 2.6% dividend, rising to 3.6% in 2020 ... and this for an AIM stock... The current multiple of just under 8, falling to 7. So SIXH is still undervalued, IMO. A reasonable valuation would be in the 20s now, and around 29 in 2019. j
jswjsw
29/8/2018
11:21
Is this the best buy on Aim?Stockopedia rate it as a Super Stock.Have added based on discount to nav and earnings growth potential.Https:Simplywall.st do a good analysis as well
muffster
28/8/2018
10:41
Look forward to that hastings.
davebowler
24/8/2018
13:16
Hi red army, not yet.I've been away and alongside that on returning I've been snowed under.Hopefully I'll get a write up out next week.
hastings
24/8/2018
12:04
hastings - any follow up to your last post.
red army
29/7/2018
08:40
Had a very good chat with Paul Dupee and will add a write up in the next couple of weeks. Suffice to say, much improved prospects and balance sheet with debt eliminated and confidence in meeting future forecasts supporting a progressive dividend.
hastings
27/7/2018
08:43
hastings - so what did you learn from him? This co is looking a lot better to me... j
jswjsw
23/7/2018
13:41
Speaking with the Exec Chairman tomorrow, write up to follow.
hastings
20/7/2018
10:18
A tale of 2 pension funds…with trading companies attached. Investor’s Champion’s new Blog on contrasting announcements this week from 2 of AIM’s senior citizens, both of which are burdened by huge pension obligations. We comment on a hopefully brighter future for 600 Group and more struggles for Mpac.
investorschampion
20/7/2018
10:01
Happy enough with the results, like the switch to dollars which makes sense with 70% of revenue being aligned to that. Balance sheet will be significantly better with debt more or less eliminated post the pension deal save for the loan notes. Forward PER of 7 after today's rise is far from expensive.Broker puts 27p fair value on the stock with a nice 4.5% (current price) div now in place.
hastings
20/7/2018
09:33
At first read that looks like a decent result. They've grown the business without further working capital increases in the second half. So they were cash flow positive over the second half. (Although taking out the Prophotonix sale and issue of shares, they were still negative over the full year by $87k). I'm surprised therefore by the dividend, given there relatively high level of debt - the dividend will cost them c. $700k. I presume that must be a signal of confidence that they can remain cash flow positive going forwards. So I good result I'd say, but I'm not really at all tempted at this price.
kazoom
20/7/2018
08:03
and a divi at last!
wynmck
19/7/2018
06:20
as a small company, surely they should to go to shareholders to vote on the sale of a pension fund it is a significant transaction though not invested here because there is huge dilution at 20p and director related parties have been creaming off the cash at 7% interest rates from memory though it was cheap at 10p
ntv
18/7/2018
17:50
Hi gerry - I don't think the pension surplus was particularly down to "longevity" assumptions (I'm not even sure that they were revised down in this case). It was more embedded with the "surplus assets" set to continue to compound over time - now Pension Insurance Corporation Plc will be the beneficiaries. However, it is very much a moot point now, it is done deal. The key question now remaining is what is the group worth separated from it's pension scheme. The current £20m market cap, just seems very optimistic to me. Especially given that IIRC gains on the pension fund represented about 50% of reported profits. Take this together with the balance sheet weakness that I highlighted above and the fact they seem to be leaking cash, it does not look attractive at all to me. The full year results (Year ending 31-March) are due sometime this month (Hastings suggests tomorrow, but I'm not sure of the source?) and we'll get a better picture then - I'll be happy for holders if my scepticism is dispelled, but for my valuation that 'hope' is already priced in.
kazoom
18/7/2018
07:35
I see this as a smart move taking advantage of the hopefully, temporary fall in the life expectancy of northern workers which occurred in recent years. As I already mentioned on this board, a one year fall in life expectancy equates to a 2/3% fall in liabilities - hence the main reason for the surplus. It would be foolish to expect this social trend to continue. So, I cannot agree with the assertion that the longer they wait the better.
1gerryp
Chat Pages: 78  77  76  75  74  73  72  71  70  69  68  67  Older
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