600 Group (SIXH)

Sector:

Engineering

Index:

FTSE AIM All-Share

11.40p
   
  • Change Today:
      0.65p
  • 52 Week High: 21.60
  • 52 Week Low: 10.65
  • Currency: UK Pounds
  • Shares Issued: 117.47m
  • Volume: 346,100
  • Market Cap: £13.39m
  • RiskGrade: 398

Global auto slowdown to blame for 600 Group woes

By Josh White

Date: Wednesday 18 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Industrial engineering company The 600 Group updated the market on its trading on Wednesday, reporting that as it had noted in its interim results, it had been experiencing certain macroeconomic and political uncertainties across its end markets, which it expected could create some short-term disruption to trading.
The AIM-traded firm said since then, order intake for the fourth quarter was now expected to be "significantly" below originally predicted levels, with orders for Germany and the Far East in particular suffering delays "heavily influenced" by the global automotive slowdown.

It said there had been good progress in the UK business, where orders remained up over 100% on the prior year, as well as continued good performance at the newly-acquired CMS business, driven by its focus on healthcare and pharmaceuticals.

Gross margins across the group were also holding up.

"However, these positive factors will not be sufficient to make up the shortfall from the likely revenue reduction and as a result, the outturn for the full year is expected to be significantly below the board's previous expectations," the directors said in their statement.

"Despite the short-term end-market weaknesses and macroeconomic uncertainty, the board continues to believe in the long-term fundamentals of the group and the strategy in place to de-risk and diversify the business and remains optimistic for the long-term future."

At 1253 GMT, shares in The 600 Group were down 24.92% at 14.19p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

600 Group Market Data

Currency UK Pounds
Share Price 11.40p
Change Today 0.65p
% Change 6.05 %
52 Week High 21.60
52 Week Low 10.65
Volume 346,100
Shares Issued 117.47m
Market Cap £13.39m
RiskGrade 398

600 Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.77% above the market average99.77% above the market average99.77% above the market average99.77% above the market average99.77% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
72.01% below the market average72.01% below the market average72.01% below the market average72.01% below the market average72.01% below the market average
70% below the sector average70% below the sector average70% below the sector average70% below the sector average70% below the sector average
Income
99.80% above the market average99.80% above the market average99.80% above the market average99.80% above the market average99.80% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
65.68% above the market average65.68% above the market average65.68% above the market average65.68% above the market average65.68% above the market average
29.73% above the sector average29.73% above the sector average29.73% above the sector average29.73% above the sector average29.73% above the sector average

600 Group Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Dec-19 29-Aug-19
Paid 10-Jan-20 30-Sep-19
Amount 0.25p 0.50p

Trades for 25-Feb-2020

Time Volume / Share Price
16:27 25,000 @ 12.00p
15:57 100,000 @ 10.83p
15:57 100,000 @ 10.80p
15:05 1,000 @ 11.90p
14:03 61,000 @ 11.40p

600 Group Key Personnel

COO Terry Allison

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