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% 16.50p 16.00p 17.00p 16.55p 16.50p 16.50p 0 14:00:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 47.0 3.2 2.0 8.4 18.64

600 Group Share Discussion Threads

Showing 1701 to 1725 of 1875 messages
Chat Pages: 75  74  73  72  71  70  69  68  67  66  65  64  Older
DateSubjectAuthorDiscuss
17/6/2017
12:19
EK added to his holding on 15th June.
noirua
15/6/2017
10:55
Yes, good post, Varies. SIXH certainly has options to re-finance debt, assuming they can show profitability and cash flow. It would also make sense to sell the PPIX shares at some point.
cjohn
14/6/2017
11:03
CJohn Like you I hold shares in both SIXH and PPIX. I have been looking at the terms of the Loan Notes issued in Feb 2015 to finance (inter alia) the purchase of 80% of TYKMA. Further notes have been issued since and I believe that the total amounts to c £8.5 million. These have warrants attached for about 45 million shares at 20p valid until Feb 2020 when the Loan Notes are due to be redeemed. The Loan Notes carry interest at 8% p.a. but can now be redeemed by SIXH at any time. If SIXH could obtain new loans at a lower rate of interest and repay the Notes, then obviously a useful saving might be had. It seems reasonable to expect that the 2016/17 profits from machine tools will be similar to last year's and the laser marking profits up again. If so, SIXH might be in a good position to refinance its debts.
varies
02/6/2017
07:43
Hi Buywell, the question is will debt continue rising? The rise in debt at the last results was due to the increased value of the US debt when valued in sterling (which has droppedagainst the dollar post-Brexit vote.) If they have sorted out their working capital requirements, debt should come down. Gearing will certainly come down again at the next results, given the dramatic increase in the value of the PPIX holding. I personally hold shares in PPIX and SIXH. I would currently add to SIXH. It's not one for widows and orphans, but it's clearly undervalued, if they do manage to generate positive cash flow.
cjohn
01/6/2017
21:49
Noirua, congratulations on your excellent memory ! I have not heard the name "Alfred Herbert" for many a decade. Was it the Daily Mail tipsters that were most embarrassed by Herbert's demise ? At a guess, I would say that was when the 600 Group last earned just enough to pay a tiny dividend. A sad pair ?
coolen
01/6/2017
21:21
EK in a paragraph recently written about SIXH appeared bemused by the low share price. Said there might be something we don't know that is the reason. I think it might be just because the company is in plain old engineering which is boring for most people who see themselves with more technological minds. Years ago Alfred Herbert Engineering went to the wall and was bought by the Government - it was boring then and still is. Until of course an unexpectedly good RNS arrives and they all pile in regardless.
noirua
01/6/2017
15:51
PPIX shareholding now worth £4.3m
riddlerone
30/5/2017
07:24
PPIX RNS out this morning indicating what looks like an order worth around £1M 100,000 custom made laser diodes for robotics use If one was investing would one chose SIXH or PPIX ? With debt on the rise here it looks like a no brainer
buywell3
29/5/2017
10:27
And the PPIX shares are now worth close to 3.5m sterling.
cjohn
26/5/2017
09:39
Hi Buywell 3, I agree with you that debt and generating positive cash flow is crucial here. Dollar denominated-debt pushed up(slightly) overall sterling debt levels at the last results. Gearing was down, as encouragingly net tangible assets were up. (Tangible assets will go up again at the next results in view of the performance of the PPIX shares) The question is can increased turnover be sustained without consequent increases in working capital. The management have had quite some time to get this right and have been simplifying supply chains, rationalising property etc. If they can bring the debt down, there is very clear value here. (It's worth pointing out, that a large proportion of the debt is convertible at a share prices above the current price.)
cjohn
23/5/2017
04:22
From the latest yearly report '' Chairman’s statement Financial Overview At the end of the financial year, group net indebtedness stood at £13.89m (2015: £10.80m), and gearing was 34%, (2015: 31%)'' Net Debt A measure of a company's ability to repay all debt if it were called immediately. It is calculated by adding short-term and long-term debt and subtracting all cash and cash equivalents. Many investors use net debt in making investment decisions, as it gives them an idea of a company's financial health and its level of leverage compared to liquid assets. Some industries may have more net debt than others; therefore, investors often compare a company's net debt to others in the same business. thus:- In the case of SIXH , Net Debt is growing which implies that its financial health is getting worse. Hence the poor long term 10 year chart , PPIX is helping it of late , but as to the rest .... not doing it Try putting this one in the header if you dare http://uk.advfn.com/cmn/chrt/chrt_wrap.php?epic=LSE%3ASIXH&name=&type=1&sprd=0&size=2&period=13&freq=4&date1_day=27&date1_month=10&date1_year=2006&date2_day=23&date2_month=05&date2_year=2017&ind_type1=0&ind1_1=&ind2_1=&ind_type2=0&ind1_2=&ind2_2=&ind_type3=0&ind1_3=&ind2_3=
buywell3
22/5/2017
22:22
What I can tell you other than the healthy and ever increasing net assets on the books it Electrox are one of the best lazer etching manufacturers you will find anywhere in the world.
my retirement fund
22/5/2017
15:59
EK backed this stock to go over 20p a share, SIXH not PPIX.
noirua
22/5/2017
13:32
FYO PPIX just ticked up 2 and a half points so another 600k added to the balance sheet
riddlerone
21/5/2017
11:30
I' very sorry if you've held this investment for twelve years. I'm a relatively recent investor, though I have been in and out before. In the time frame you're talking about the company has gone through various managements. The current management seem the most competent. And to be fair, there have been three acqusitions in the last couple of years, all of which have been postive. I'm not in favor of updates for the sake of it. There is value here, if the management succeed in incresing operational cash flow. That is what they should be concnetrating on. best regards
cjohn
19/5/2017
11:06
Presumably Haddeo which includes JO Hambro is still keen to exit at a suitable price.Given the company's increasing exposure to the US it is perhaps reasonable to expect some interest from players across the pond.An update on trading wouldn't go amiss either.
hastings
19/5/2017
10:32
What I am expecting CJ is that not having paid its shareholders a sou for twelve years and destroyed their investment, the Company's Directors and major shareholders must regard them as a total irrelevance. By implication, considering a bid at twice today's price not so long ago failed, there must be lucrative arrangements propping this situation up about which the rest of us are ignorant.
rburtn
19/5/2017
09:00
What do you mean "lack of action"? What exactly are you expecting?
cjohn
18/5/2017
07:02
No news (good or bad) means low volatility thats the reason
riddlerone
18/5/2017
06:46
The only reason I can imagine for lack of action is that the market has concluded there must be some understanding between this Company's controlling minds which suits them and it's solid. Other shareholders can only wring their hands, hope for someone to upset the applecart, or get out at great cost.
rburtn
18/5/2017
06:13
PPIX RNS out "In addition, the ProPhotonix team has been diligently pursuing new customers and new product and market initiatives, which has resulted in an encouraging 2017 to date. The Company has enlarged its UV product family to include the COBRA Cure FX3, its highest intensity fan cooled UV LED products, and adds to the existing COBRA Cure FX1 and the COBRA Cure FX2. "The Board remains positive about the business pipeline and is confident in the Company's ability to achieve continued positive momentum toward its business objectives."
riddlerone
17/5/2017
13:47
Not wanting to sound like a stuck record !Having just seen my last post.
my retirement fund
17/5/2017
13:46
Its hard to understanding the lack of action here.
my retirement fund
17/5/2017
12:29
PPIX holding now valued at close to 2.7m.
cjohn
12/5/2017
14:38
So PPIX up another point today.Every point increase equates to approx 220k added to assets on the balance sheet.
riddlerone
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