600 Group (#SIXH) – letter of intent for potential sale of industrial laser businesses in US for $9.5m

600 Group – it’s Orlando, Florida for the board but RNS ‘gruel’ for shareholders!

Industrial laser systems manufacturer 600 Group (SIXH) has issued an “Update re AGM and Annual Report & Board Change”-titled announcement… and what of the shares currently significantly down below 3.5p in response?

600 Group – attractive share price upside as the new strategy starts to be proven?

A most recently published, 30^th September 2021, balance sheet from 600 Group plc (SIXH) showed current assets of $36 million outweighed by total liabilities of $39.3 million, with that including net debt of $14 million. However, in April the group completed the Machine Tool Solutions division sale which has transformed its financial position and outlook. The share price does not look to reflect that at all.

600 Group – “Completion of Machine Tools Sale”, how’s the balance sheet and trading now?...

Previously writing on 600 Group (SIXH), in July with the shares at 13.5p I concluded I wanted further balance sheet and trading comfort before considering from the watchlist. Now a “Completion of Machine Tools Sale” announcement...

600 Group (#SIXH) – completes sale of Machine Tools division for $21m

600 Group (#SIXH) – agreement for sale of Machine Tool Solutions business for $21m

600 Group (#SIXH) – orderbook improved to above pre-pandemic levels, USA loan forgiveness

600 Group – “Trading Update and Notice of Results”, Business recovery?

Reviewing on industrial engineering company 600 Group (SIXH) “loan note restructuring”, adding to business recovery? last week, I concluded with this loan notes move now announced, the results announcement could follow soon - it was 10th July in 2019 - and I’ll review again on that. Today a “Trading Update and Notice of Results”...

600 Group – “loan note restructuring”, adding to business recovery?

Industrial engineering company 600 Group (SIXH) “is pleased to announce the successful restructuring of the company's 2022 8% loan notes and associated warrants to subscribe for new ordinary shares in the company at a price of 20 pence per new ordinary share”. What’s the impact of this, with the shares up from 10.75p when I previously commented on them to a current 13.75p?...

600 Group – a business recovery share price rise?

Previously writing on industrial engineering company The 600 Group (SIXH), I reiterated prior caution from when the shares were around 15p at around 8p. They last closed at 8.75p but are currently up to 10.75p on the back of a trading update...

600 Group (#SIXH) – FY swing to loss, “given the current uncertainty, no dividend recommended for remainder of the year”

600 Group – trading update, orders returning to acceptable levels?...

Industrial engineering company The 600 Group (SIXH) has updated including of “a £1.2m ($1.6m) new term loan with a 3-year bullet repayment under the Coronavirus Large Business Interruption Loan Scheme through HSBC” and “all sites are operational… the level of order backlog has returned to acceptable levels”. The shares though are little changed at around 8p...

600 Group (#SIXH) – impacted “across all operating regions”, new £1.2m CLBILS loan

600 Group (#SIXH) – notes deliveries negatively affected & supply challenges

600 Group (#SIXH) – notes “major headwinds”, FY “now expected to be significantly below the board's previously revised expectations”

600 Group – from “positive outlook” to “significantly below… expectations”… in just over two weeks!

Just over two weeks ago, half-year results highlights from “diversified industrial engineering company” The 600 Group (SIXH) included “Positive outlook… Interim dividend of 0.25p per share reflecting the board's confidence”. Now, so soon after, there a “Trading Update”?…

600 Group (#SIXH) – “order intake for the fourth quarter is now expected to be significantly below originally predicted levels”

600 Group (#SIXH) – trading “in line with directors' expectations” & pension scheme buyout completion, including return of surplus funds

600 Group (#SIXH) – trading “in line”, to raise a gross £1.12m at 13p

600 Group – industrial products company “Trading Update” suggests increasing macro woe

Distributor, designer and manufacturer of industrial products, 600 Group (SIXH) has updated that continued weakness within Europe and the UK is now also being encountered in the USA market. Uh oh…