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
  +1.125p +8.49% 14.375p 13.75p 15.00p 14.375p 14.00p 14.00p 188,893 16:19:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 47.0 3.2 2.0 7.3 16.24

600 Group Share Discussion Threads

Showing 1551 to 1573 of 1850 messages
Chat Pages: 74  73  72  71  70  69  68  67  66  65  64  63  Older
DateSubjectAuthorDiscuss
05/8/2014
08:58
Having held SIXH shares for many years (bought at over 50p)I was struck by yesterday's announcement which I found as puzzling as all of you. For fun I bought a few PPIX on this news at 2.58p and am gratified to see this share head today's list of rises. I dare say it will be possible to buy more at about 3.5p next week by which time few punters will be interested. It will be interesting to see who the sellers of the PPIX shares were and whether there are any restrictions on the sellers selling the SIXH shares received in exchange. If not, these may have a dampening effect on our share price for some time. SIXH has a substantial laser business already and there must be arrangemts in mind for PPIX to co-operate with this. Will SIXH put directors on the PPIX board ? Perhaps the lathe business is to be sold so that SIXH can concentrate on lasers. I think that interesting developments lie ahead.
varies
04/8/2014
16:16
If my reading of ppix's incentive scheme is correct, the company only has to enjoy a positive cash flow for awards to result in a 27% dilution of the holders interests. So what, you have to ask yourself, is the 600 group doing if it is happy to pay so much over the odds for a rapidly disappearing interest in a company?
rburtn
04/8/2014
15:43
Pugugly, I couldn't see the logic behind the deal either. My calculations were the same as yours and I can't get my head around how it can be a good idea to use shares that I believe are undervalued to buy a non controlling stake in a company with a pretty dodgy trading history and weak balance sheet. I sold my stake today (booking a decent profit). A shame as I had hoped to hold for the long term but this deal just doesn't make any sense to me.
prop_joe
04/8/2014
15:00
Buying a minority stake in http://uk.advfn.com/news/ALNC/2014/article/63132532 in ProPhotonix - At first glance cannot see the logic - ProPhotonix are a serious loss maker - Would possibly have made more sense to buy the entire company if there is any value there. Could someone please check my figures - From the ProPhotopix web site they have "As of May 28, 2014 there are 83,665,401 Common Shares in issue. Of these 66,859,898 are traded on AIM as PPIX and on the Over the Counter Market (USA) as STKR; 16,814,503 trade on AIM as PPIR, Reg S line." At current bid of 2p this values the whole company at £1,673,308 Yet 600 Group appear to be paying £985,124 for just 26.3% of the company valuing the whole at £3,745,719.39 or 4.48p per share. CONFUSED. As Spock would say - This does not appear to compute. I will be interested to see managements detailed reasoning behind this venture. all imo etc.
pugugly
15/7/2014
05:49
Hi, thanks Hastings. Intersting read.
cjohn
14/7/2014
13:02
Hi CJohn, not much to add i am afraid but comments here http://www.privatepunter.co.uk/Behind-the-Scene/a-few-more-words-with-600-grp-7-july-2014
hastings
13/7/2014
15:50
Hi Hastings, still hoping you'll post some details of your conversation with the CEO.
cjohn
04/7/2014
07:56
Done. 17k @ 23.15.
phat hair
04/7/2014
07:50
It looks like the day to pounce on a few of these.
phat hair
03/7/2014
11:56
Thanks bigdazzler
prop_joe
03/7/2014
11:39
Bullish article in shares magazine today. Generally stating market had failed to recognise positive trends in the company results from June so far which was allowing investors to still get exposure at an attractive valuation. Article is full page in the mag for anyone interested.
bigdazzler
02/7/2014
10:08
I look forward to that.
cjohn
02/7/2014
07:39
Hi C John, spoke yesterday, sounds pretty upbeat and will post thoughts at the weekend.
hastings
30/6/2014
08:53
Hi Hastings, If you do speak to the CEO, it would be great if you could write about the conversation here. Thanks CJohn
cjohn
26/6/2014
10:25
Very good summary's prop joe and cjohn. I should have been speaking with the CEO today but unable to do so from my end. Hopefully catch up next week.Also thought results and forward picture were decent and very comfortable to hold.
hastings
26/6/2014
09:30
rburtn, I don't claim to be a great expert on pension accounting but have some knowledge (I am an accountant). As CJohn says there are different ways of calculating future pension fund liabilities and different methods are required to be used for different purposes. Accounting standards require the current value of the all the future predicted pension payments to be calculated using the interest rate on quality corporate bonds, whereas the actuarial valuation uses the gilt rate. As gilts are considered extremely safe the gilt interest rate is always lower than the corporate bond rate and so an actuarial valuation results in an apparently worse situation than the deficit included in the balance sheet. Of course, any method is attempting to estimate what will happen between now and a very distant point in the future so the one certainty is that what will actually happen will be different to either calculation! However, I think both figures are useful to bear in mind in deciding whether a share is good value or not. As CJohn says the scheme's assets have outperformed the modest target set by the actuary and so this has reduced the actuarial deficit when it was recalculated. Likewise if the gilt rate had increased between the calculation dates it would also have led to a reduction in the actuarial valuation deficit as it would have reduced the present value of all the expected future pension payments. Hope this is of some help! PS I thought the results were good and also believe SIXH is undervalued. Regards
prop_joe
26/6/2014
08:01
Bear in mind that SIXH have very large pension funds. There are different ways of calculating likely future liabilities and as the funds are so large, these can produce significant variations in the calculated surplus and déficit. The critical point is that the necessary return on scheme assets to cover liablitiies on the most pessimistic basis of calculation is very modest. Gilt yields plus 1%. In the last few months, the scheme assets have outperformed this modest benchmark. So there has been a marked reduction in the assumed liablity under this way of calculating. No pension payments are required for several years, when there will be another re-consideration. The most likely outcome is that there will be no payment required at that time either. The results are Ok and if the increased order book translates into increased sales, there could be marked progress here.
cjohn
26/6/2014
07:42
What does one make of a pension fund surplus of 20m reduced to a 25m deficit for technical provisions - what the heck are these provisions. Seems like some excuse for paying a very large sum - 50m to have it taken off one's hands. Then we read the figures suddenly become deficit 15 and buyout 35. It seems to me that shareholders are due some rather more detailed explanation for what is a massive sum swinging around at the whim of those men of great integrity(!) - the financial services industry - no matter the time over which it can be amortised. Nevertheless, this company is well undervalued IMO, it just ain't being made clear. Maybe the next candidate for an MBO?
rburtn
24/6/2014
10:19
US manufacturing highest in 4 years, bodes well for an optimistic outlook statement on Thursday. http://www.theguardian.com/business/2014/jun/23/june-manufacturing-pmi-grows-faster-expected
paleje
27/5/2014
11:27
You're sore you didn't buy before huh? :)
blondeamon
27/5/2014
11:09
WOW. THE ONLY REAASON simon THOMPSON has a good track record is BECAUSE HE KEEPS RETIPPING HIS TIPS OVER AND OVER AND OVER AND OVEr AGAIN. WHAT A MUG IDIOT
dan_the_epic
07/5/2014
11:03
some large late trades which you would think would be buys?
manrobert
17/4/2014
13:07
Cheers for that, appreciated, off to WH Smith this pm. I feel it could be a really decent recovery play. Used to be a high yielder and steady performer around 14 yrs ago!Poor management, lack of investment, cheap imports and the subsequent Global recession hammered it. New team, CEO turning it around.
hastings
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