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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.

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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...

NEWSFLOW

NEWSFLOW

NEWSFLOW

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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”...

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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?...

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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...

NEWSFLOW

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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...