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600 GROUP PLC trading update for FY20
On 21st February 2020, the company released the trading update in respect of the fiscal year 2020 for the period ending in March 2020. The order intake during the fourth quarter is expected to be significantly less than the earlier guidance, particularly in the automotive sectors and in the Far East. Across its end markets, the Group reported that it had been experiencing certain political and macro-economic uncertainties in December.
The suspension of manufacture by Boeing of its 737 MAX in January this year further impacted hundreds of thousands of suppliers across the core industrial markets coupled with the General Motors strike in USA plants at the end of last year have given the company environment filled with challenges.
In Industrial Laser Systems and Machine Tools segment, with two projects being pushed into the next fiscal year, the order intake remains volatile. The further situation was exacerbated by the Coronavirus; shipping was disrupted from the Far East. The situation is further aggravated as the sales being pushed to next financial year due to delay in deliveries.
Across the United Kingdom, the orders received by the company were up by 100 per cent year on year. The sale of the Gamet Colchester site shall produce $0.5 million, and the Group was pleased to report that contracts have been exchanged. This move comes forward as a part of the Group's rationalisation strategy for its operations in the United Kingdom to reduce operational risk and capital expenditure requirements in its Machine Tools division. The proceeds of the transaction shall be used to reduce the Groupâs bank debt, and completion is expected in the next few days.
As a result of the market volatility, the results should be below the Boardâs expectations. However, the company shall continue with its strategy of diversification and risk mitigation.
Business overview: 600 Group PLC (LON:SIXH)
The company is into the business of distribution and design of machine tools, designing of precision engineering machinery and manufacturing and commercialisation of industrial laser systems. With a presence in over 180 countries across the world, the Company operates its businesses from locations in North America, Europe and Australia.
The Group operates in two business divisions, namely, Industrial laser systems and Machine tools & precision engineered components. The company makes its product offering under different brand names such as Colchester, Harrison and Clausing. Precision engineering components are designed, manufactured and marketed under brands such as Gamet and Pratt Burnerd. Laser Marking components are offered under the brand names TYKMA and Electrox. The company has a diverse range of offerings in its Machines Tools segments such as Computer Numerical Control (CNC) workshop machines, Computer Numerical Control (CNC) production machines and small conventional machines for education markets.
600 Group PLC -Stock price performance
Daily Chart as at Feb-24-20, before the market close (Source: Thomson Reuters)
On 24th February 2020, at the time of writing (before market close, GMT 11:46 AM), 600 Group PLCâs shares were trading at GBX 10.99, down by 0.09 per cent against its previous day closing price. Stock's 52 weeks High and Low is GBX 21.89 /GBX 10.25. At the time of writing, the share was trading 49.79% lower than its 52w High and 7.22% higher than its 52w low. Stockâs average traded volume for 5 days was 168,812.00; 30 days â 74,157.50 and 90 days â 113,985.99. The average traded volume for 5 days was down by 127.64% as compared to 30 days average traded volume. The companyâs stock beta was 0.60, reflecting lesser volatility as compared to the benchmark index. The outstanding market capitalisation was around £12.61 million along with a dividend yield of 6.82%.
Gunsynd PLC Quarterly Investor report
Gunsynd PLC announced on 27th January 2020 that it had rolled up its existing investments in Human Brands International into a new £378,575 convertible loan note. US based Private company, Human Brands International owns, licenses, and markets liquor brands. Human Brands looks forward to domicile in the United Kingdom.
Gunsynd PLC owns 0.56 per cent of United Oil and Gas Plc issued share capital. As announced on 7 August 2019 by United Oil and Gas, the proposed acquisition of Rockhopper Egypt Pty which includes the reverse takeover of United Oil and Gas shall be effective shortly.
Earlier in December 2019, Gunsynd PLC announced it had purchased a 7.67 per cent stake in Kolosori for consideration of £45,000. Kolosori owns 80 per cent of the nickel prospecting licence in the (Kolosori Prospect) Solomon Islands.
Gunsynd PLC (LON:GUN)
Investing company, Gunsynd PLC is into the business of acquiring projects or companies within the natural resources sector with its geographical focus being primarily in Europe. However, company may have interests in other regions. The companyâs ownership pattern may comprise of one investment or multiple investments and might vary from a minority position to full ownership. These investments held by the company might be in the form of listed/ unlisted securities, direct acquisitions, joint ventures, partnerships, debt securities, and direct/indirect exposure in projects/assets. The Group was earlier known by the name of Evocutis plc.
Gunsynd PLC-Stock price performance
Daily Chart as at Feb-24-20, before the market close (Source: Thomson Reuters)
On 24th February 2020, at the time of writing (before market close, GMT 11:52 AM), Gunsynd PLC shares were trading at GBX 0.0131, down by 6.43 per cent against its previous day closing price. Stock's 52 weeks High and Low is GBX 0.077/GBX 0.0096. At the time of writing, the share was trading 82.99% lower than its 52w High and 36.46% higher than its 52w low. Stockâs average traded volume for 5 days was 24,580,984.80; 30 days - 33,640,928.73 and 90 days â 30,411,053.47. The average traded volume for 5 days was down by 26.93% as compared to 30 days average traded volume. The companyâs stock beta was 0.07, reflecting lesser volatility as compared to the benchmark index. The outstanding market capitalisation was around £886.80 thousand.
Ariana Resources operational update (Q4) for its Kiziltepe Mine
(Source: Companyâs filings, London Stock Exchange)
The company released the update for the period ended 31st December 2019. The Companyâs Gross income for the year stood at US$45.1 million. The production of Gold was 27,985 ounces which exceeded its full-year production guidance of 25,000 ounces of Gold, marking a rise of 12 per cent.
With average realised gold price of US$1,484 per ounce, the company recorded gross quarterly income of US$12.78 million. During the quarter ending 31 December 2019, the company recorded production and sale of 7,318 ounces of Gold. At an average head grade of 4.42 g/t Au, 54,735 tonnes of ore were milled during the period ending 31 December 2019. During the period (fourth quarter), the Operating cash costs per ounce incurred were estimated at US$ 500.
Business overview: Ariana Resources PLC
Ariana Resources Plc (LSE:AAU) is United Kingdom domiciled mineral exploration and development Group with mining operations directed towards epithermal gold-silver and Porphyry copper-gold mines in Turkey, the largest gold producer in Europe. The shares of the Group are listed on the AIM segment of the London Stock Exchange where they trade with the ticker name AAU. Arianaâs objective is to cost-effectively add value to its projects through focused exploration and strong collaborations. The Group is currently working on several prospective licenses originally selected based on its proprietary geological and remote-sensing information repository; these mines now contain more than 1.5 million ounces of gold and other metals.
Ariana Resources PLC-Stock price performance
Daily Chart as at Feb-24-20, before the market close (Source: Thomson Reuters)
On 24th February 2020, at the time of writing (before market close, GMT 11:56 AM), Ariana Resources PLC shares were trading at GBX 3.42, down by 0.87 per cent against its previous day closing price. Stock's 52 weeks High and Low is GBX 3.70/GBX 1.65. At the time of writing, the share was trading 7.57% lower than its 52w High and 107.27% higher than its 52w low. Stockâs average traded volume for 5 days was 4,320,567.40: 30 days - 3,755,749.97 and 90 days - 3,133,245.68. The average traded volume for 5 days was up by 15.04% as compared to 30 days average traded volume. The companyâs stock beta was 0.49, reflecting lesser volatility as compared to the benchmark index. The outstanding market capitalisation was around £36.31 million.
