The group’s half-year results are showing the first signs of an operating turnaround starting to bear fruit, particularly in Laser Marking. The increase in the level of enquiries and order book improvement bodes well for the second half, although order visibility remains limited. Nevertheless, enquiry levels are building momentum. As such, management have stated increased confidence in achieving full-year forecasts. The shares have substantial upside from the current levels.
06 Dec 2016
Interim results: order book showing signs of improvement
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Interim results: order book showing signs of improvement
600 Group PLC (SIXH:LON) | 2.6 0 0.0% | Mkt Cap: 3.39m
- Published:
06 Dec 2016 -
Author:
David Buxton -
Pages:
12
The group’s half-year results are showing the first signs of an operating turnaround starting to bear fruit, particularly in Laser Marking. The increase in the level of enquiries and order book improvement bodes well for the second half, although order visibility remains limited. Nevertheless, enquiry levels are building momentum. As such, management have stated increased confidence in achieving full-year forecasts. The shares have substantial upside from the current levels.