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Tipped again on the Master Investor site, have bought a few lets hope.
http://www.cambridge-news.co.uk/business/business-news/should-you-add-engineering-firm-13311255
Guys, thanks for this information. Price seems to be edging up. Think I,ll buy 20k shares and see how it goes.... GLA
Thanks for that.i took the figure from the last set of accounts but your figure is still over twice the current share price.
The accounts show that there are warrants to subscribe for 43 million shares attached to the loan notes. If you add also the options outstanding of 6.6 million, there is a potential for 152 million shares to be in issue. If the loan were converted, the net assets would currently amount to £58 million, 38p a share imo.
NAV 50p whats not to like. This looks ready for lift off. Fingers crossed.
Really good, we have a bright future.
Thanks Mike - you were spot on. Trade was indeed done on Nex Ex along with a whole lot of other trades simply not shown on the Barclays site either within their Trade Data or longer term Pricing Information. In fact, many of the trades on Nex Ex do not get shown on ISE either.
Barclay's haven't dealt these through the LSE for some time. Look on the Nex Exchange and you will find your deal for sure. This is an ex 'dark pool' which has morphed into respectability via this growing aim specialist exchange.
If forecast P/E and EPS are to be believed, this must be bargain of the century. Bought some today (via Barclays) but not showing up as a trade.
rather unfair they issued a SELAL note and they promptly fell 6%. In any event the large corporate action involving 23% did not come off. See Evil @ Master Investor. Could well be a buy now!
and thats why u should never base ur decisions on British Bulls!!!
Stay Long https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=SIXH.L
Looks set fair and due for a recovery after sliding back a long way. Not an enthusiastic sector to be in but looks quite solid and more to go for.
Another Friday 13th just gone and noticed that PPIX has multi-bagged x4 since last year - clearly a good investment after all. Kondia purchase also looked sound. Trump elected. Things appear to be going SIXH's way.
Wow - after Friday 13th, PPIX have lept even higher. At this rate, SIXH should become a holding company LOL
On reflection, I think you are right, that the ppix stake is not worth enough to affect the sixh share price. In addition, canot establish a worthwhile market value for the ppix stake because trading in ppix is so illiquid that the dealing spread is 22%.
I think that the relative size of PPIX gets lost when the sp of SIXH is calculated.
PPIX reported a profit this year in mid March and their shares soared. SIXH is a major shareholder in PPIX but SIXH shares actually decreased. Anyone shed any light on this anomaly ?
...at the end of today's RNS, which suggests the sales decline has, possibly, started to reverse.
The added influence on the sp decline is the warrants, exerciseable at 20p by 2020, which would just about extinguish the long-term debts. Given that 20p looks a long long away, the conclusion is that the company has few short or medium-term drivers of sp increase. In an ideal world the BoD would resign, without compensation, to make way for fresh talent. Sadly we are not in an ideal world.
Disappointing that the BoD blame a declining market. Would be more positive if they had explained how their sales outperformed the market decline. In the absence of such information one can only question the 'added value' which the BoD bring to the party. No doubt they will all take large cuts in their remuneration until the sp recovers (fat chance!)
When it says a potential prospect of revenue growth in the future . The management do not know if there is going to be any growth there just keeping you hanging on on hope there will some growth.
O dear. A profits warning which is not, as a bitter pill, made more palatable by the potential prospect of revenue growth in the future.
I sincerely hope you are right 50glass, I am another long suffering investor in this company and all I can say is that there have been many false dawns, this company insists on investing in other loss making companies rather than pay a dividend. I lost faith in the management of this company a long time ago, they don't seem to have much of a strategy going forward and if they do have one, nobody can make any sense of it.