Syncona Share Discussion Threads

[pjdeery] 30/4/2012 00:45

My 200,000 Sync has become 9,660 Myriad Group AG effective 12.00 hours April 26th.Will hold for now until the dust settles and then decide what to do.

[mattab] 29/4/2012 21:59

Rest - good post.

Perhaps the main reason why there has been so much buying volume paying hard cash circa 12.5-13 pence. As I have stated before that has been the surprise - the appetite for this stock - only one reason to buy in - simply to make money over the term of the investment. The funds piling in - hopefully over the short term.

Plunge - that is how PI's are generally - having sold out to justify their decision - natural behaviour. Know you have too - no doubt you are playing a fair game which is appreciated - certainly those PI's bailing in vast amounts have been met with the wider market willing to buy and hold those shares. Fidelity could have doubled their money and some (although low volume in those days) - question why do they seem content pledging to Myriad? Certainly closer to the actual financial dynamics of the situation than us mushrooms - alas an unfortunate fact - PI's are nearly always the most in the dark.

PI's versus the wider market..............well the latter always knows more.

Those who have bought and in some massive amounts of stock have done so in the knowledge of a decent investment over the term. The rush to buy in:

Well it is a takeover and consequently time sensitive.

Must be an investment case for upside in Myriad following the aquistition of Sync. Broker upgrades on the actual fact of Myriad/Sync combination?

This is not PI's with deep pockets financing this stock and defending its share price - tbh it is the total opposite. PI's bailing in massive amounts met with tremendous buying volume at circa this level. If that fact does not reinforce confidence in this stock going forward - well I am surprised as much as the appetite of the stock at this level.

In short with the wider market buying - decent upside must be the reality in the short/medium term. Otherwise they would wait.

Matt

[restassured] 29/4/2012 13:23

From the note.....




A valuation wild card is represented by Myriad's legal claim for US$120mn (60% of market capitalisation) in an alleged Java royalty overpayment from Oracle. Additionally, the group retains an extensive portfolio of technology IP and has already shown its ability to generate material income from the sale of surplus patents. A further financial asset is the group's tax loss carryforwards (gross value of US$213mn, net value estimated at around US$50mn), which can shelter profits over the medium term.




Strong balance sheet, attractive geographic distribution of sales and additional financial assets in the form of US$200mn of tax loss carryforwards and monetisable intellectual property (IP).



Swing factors


Around this central case we see a wide potential variance. We estimate that cumulative legal claims and tradable IP could be in excess of US$150mn (CHF 135mn) versus the CHF 20mn we assume in our central case. The potential variance in the value in Xumii is substantial based on both the achievable penetration on the core Telefonica LatAm and Vodafone India contracts and success in winning new business. We plan to update our model in the first half of 2012, when we expect to have a number of additional data points.

[restassured] 29/4/2012 13:19

They are also in litigation with several co's over patents.

[hernando2] 29/4/2012 13:11

They did have an sale of patents not so long ago, but do not know how many were sold and how many the kept.

Someone, posted a link to the Auction here or on Lse.

[restassured] 29/4/2012 12:58

You have to remember that Myriad are also sitting on around $120 million of patents,if I remember that Santander reseach report correctly.

[sdavis] 29/4/2012 07:18

Anyone got their CDIs yet? And has anyone managed to trade them?

[plunge] 27/4/2012 14:15

buywell2

Most private investors in this stock appear to have given up and disappeared. So, as a recent contributor to this thread, I am intrigued with your agenda and obvious negativity.

[buywell2] 27/4/2012 12:13

One piece of loo roll for another

Income statment in USD
Year on year Myriad Group AG has grown net income from a loss of -32.87m to a smaller loss of -15.88m despite falling revenues

Note Revenues have fallen for the last 3 years

Also note Myriad Group have a NEGATIVE tangible book value

It's loo roll like I said

[plunge] 25/4/2012 21:23

Zurich, Switzerland – 25 April 2012 – Myriad Group AG (SIX Swiss Exchange: MYRN), the company powering billions of rich mobile social and web experiences on any connected device, today announced two changes to its Executive Team, following its recent acquisition of Synchronica.

Kim Hartlev will join the team as Myriad's new Chief Technical Officer with immediate effect. Prior to the acquisition, Mr Hartlev held the same post in Synchronica. In his new role Mr Hartlev will lead the Innovation, Research and Development teams of the combined businesses.

Gary Bunney will take on a broader role as Chief Operating Officer of Myriad. Mr Bunney will lead the Sales, Professional Services and Operations teams of the combined business, which will facilitate tighter integration between sales, service and delivery, and provide a holistic view of all of Myriad customer-facing operations.

Hopefully by retaining Kim's skills the vision of Synchronica will remain intact

[buywell2] 25/4/2012 12:54

This has been a DOG of a share .... now worth less than 1p in old money prior to the split

[dr knowledge] 24/4/2012 08:57

Plunge - LOL! Although to be fair I don't think you have to visit the BLNX thread for our precious "Q" to reveal the vacumous void that resides between his ears....the sad thing about real dummies is this.........they inadvertently (and always) seem to dig their own graves the deepest and even leave the flowers inside the hole before covering up with soil, then wonder why they never bloomed. To quote Homer Simpson......."DOH!".....this from our very own Sync thread............

"Quilarvium - 9 Feb'12 - 10:25 - 2535 of 3881

Well...It all turned out alright for the night.There will not be a takeover I can guarantee that now! Once this partnership is up and running the reoccurring revenues will start to snow ball and they won't stop rolling.MWC is going to be a rather good Bash and we have will soon have the eyes of some rather large corporations looking to clamber on board our express train"


Errrm, looks like the train "rolled" off the tracks Q (DOH!) ;-)

[plunge] 23/4/2012 21:12

Taken from the BLNX blog

Quilarvium - 19 Jan'12 - 14:28 - 9971 of 15758

Good see normality as usual on this bb.
In at 65p...way to undervalued.
Those of you who don't understand what mike lynch is upto on your own head be it.

Today's share price +/-44p. Therefore it is probably good to ignore Quilarvium's 'educated' advice.

[quilarvium] 23/4/2012 19:04

DR Knowledge.
What of knowledge?
You have none.
I have 125k on BLNX today. Why,because I have the money?
No Sir, for I have the knowledge that you lack in name alone.

[mattab] 22/4/2012 03:37

Interesting article:-



'So what could Synchronica have done differently? One possible cause of action would have been to seek a more organised trade sale, attracting a higher price, rather than fight a hostile offer after describing an initial approach as "silly".'

Probably got more in a Brown envelope situation in the hands of the Administrators. Working on the principle that there has been certainly appetite for the stock - more than many including myself would have envisaged that should bode well as time progresses - only one reason to buy (make money) many reasons to sell.

Also the following will be an indicator to the direction of the stock price.

Zurich, Switzerland – 17 April 2012 – Myriad Group AG, a global leader in mobile software technology, cordially invites you to its Full Year 2011 Results media and analyst conference.

Date Tuesday, 24 April 2012
Time 09:30 am CET
Venue SIX Swiss Exchange, ConventionPoint, Selnaustrasse 30, 8021Zurich, Switzerland
Speakers Simon Wilkinson, Chief Executive Officer
James Bodha, Chief Financial Officer

The conference will also be broadcasted as interactive teleconference. The dial-in numbers are as follows:
Europe [phone]
UK [phone]
USA [phone]

The conference slides will be available on the company website – Investor Relations – Financial Publications

Myriad now in control and Sync Board departed............well good and bring on some decent Shareholder Value under Myriad. Certainly running with the Wolves.

The whole sorry saga does indeed stink on many counts. Over 80% now. Never did find out who BZ Bank sold circa 9 million shares to cumulative over two separate days. Must be PI's sniffing a bargain lol and buying just under 1% each.

[neubie] 19/4/2012 03:45

Q...good call on BLNX.

T/O panel still looking into the un-solicited e-mails some received.

Nothing else I`m afraid...to all those who sent me e-mails thank you...learnt from the experience which can only be a good thing.

Best of luck to all.

Regards,

neubie/pugshares

[quilarvium] 18/4/2012 23:53

Get trading and move on.
FSA aware but to many bigger fish to fry.
SW ... Inside info... IMO is all any one needs to swing the lead.
I here Carsten s on the team? Touché!

[sharejock] 17/4/2012 15:00

Brilliant!

[dr knowledge] 17/4/2012 11:45

"Commenting on the claim, Dent stated...."Under the terms of our agreement (errrm I mean the fiercely defended acquisition!!), I was led to believe that if I lay down and squirmed like a rabbit awaiting the front wheels of a 4x4, continued to nothing, provide no information to shareholders and enter into further, pointless/unpayable loan agreements (errrm, "significant contracts!") with ailing majors (i.e. EXACTLY what I've done last year or so), then Simon promised me.........."a few crumbs from the table". Bearing in mind my £squillion annual salary, I therefore believe that asking for less than a months bonus in return for handing over Sync, totally on it's knees, on the brink of insolvency and without a whisker of a defence, is therefore surely reasonable!?"

Former COO, Nicole Messengermeontwtter,recently appointed "floor-sales executive" for Phones 4U East Grimsted branch commented...."The treatment of Angus is nothing short of barbaric and is almost as bad as the way I was treated, when I resigned (shurely "sacked" ed) from my lofty position of COO for one of the worlds greatest companies, these shareholders simply do not understand corporate handbags, liposuction and the importance of photoshop in the.....................................(Nicole continued for three hours until the hospital responded and men in white coats arrived)

For more on this story, contact our junior editor FiSA Farce(once she's recovered and out of prison)." ;-)

[restassured] 17/4/2012 10:49

They had their chance and blew it royally.
I want £600,000 too for distress and injury caused.

[plunge] 17/4/2012 10:46

From today's Times:

Boss demands 600,000 as he walks out the door: A legal battle is brewing between the Chief Executive of Synchronica and its new Owner after he left and demanded a payoff. Angus Dent stepped down after Myriad took control of the business. David Mason and Michael Jackson also left the board after Myriads 24 million share-based offer was accepted by more than 80% of Synchronica shareholders.

[master rsi] 17/4/2012 10:28

It looks like SYNC is a cheap way to get into MYRN
even with the rise to 13.25p offer just now

[chinese investor] 17/4/2012 08:27

.........but check with your broker.