600 Share Discussion Threads

[hastings] 18/3/2019 11:43

WH Ireland

[wynmck] 18/3/2019 11:26

no ned to post it-but which broker was it?

[hastings] 18/3/2019 09:30

Apologies but I just can't post it here, but rest assured it exists!

[wynmck] 18/3/2019 09:24

no sign of that broker note you said was out on Friday-can you confirm if there was one or were you mistaken?

[hastings] 18/3/2019 08:55

The recent relocation surely suggests that the board is anticipating further progress.

[wynmck] 15/3/2019 13:02

haven't seen that note Hastings-can you post it?

[hastings] 15/3/2019 11:15

Looking very cheap as the broker note highlighted this morning.Also, shouldn't be much longer now before we hear on the wrapping up of the pension deal.

[asagi] 14/3/2019 12:01

I understand that Group FY results will be published in late June.

The company has around 15% of Group sales to the EU but the pension deal is yet to complete. What a slog.

Asagi (long SIXH)

[cjohn] 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 17:42

Thanks for the heads up, Hastings. I'd missed that update.

[hastings] 24/10/2018 07:58

Positive appointments and update this morning to counter the general market gloom.

[wynmck] 01/10/2018 18:17

and to my utter amazement......a Director Buy rns!

[kenbachelor] 28/9/2018 19:26

I'd forgotten I had any of these, until to my utter amazement I received a cheque for £25 today.

[jswjsw] 30/8/2018 14:49

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

[muffster] 29/8/2018 12:21

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

[davebowler] 28/8/2018 11:41

Look forward to that hastings.

[hastings] 24/8/2018 14:16

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.

[red army] 24/8/2018 13:04

hastings - any follow up to your last post.

[hastings] 29/7/2018 09:40

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.

[jswjsw] 27/7/2018 09:43

hastings - so what did you learn from him?
This co is looking a lot better to me...

j

[hastings] 23/7/2018 14:41

Speaking with the Exec Chairman tomorrow, write up to follow.