||EPS - Basic
||Market Cap (m)
|Electronic & Electrical Equipment
|deltrotter: Its had a name change Peter to CloudCall - ticker is CALL.
Err, have a drink before you check the share price.
|140661: Its been a long wait but at last a decent day (half day)for Synety's share price. Still only valued at £10m which is probably less than 2x recurring revenues which is very low for a SaaS business. I would like to see some of the other large shareholders move into the market to average down, then we could see some real movement in the share price.|
|the millipede: Shaunstar, that was a very wise post. There is definitely a lot to be said for everything you have learned, and yours are similar to conclusions I have reached. That said, despite being invested here the past three years plus and not trading the peaks at all well (or just, at all) I won't be complaining if Synety does come good and the share price rise reflects the risk we all took, backing this very small, speculative and slightly strange company.
Nice to see debt funding in place IMO. That will hopefully put a floor in the share price? (I have probably been expecting that floor since £2.50 tho so who knows.)
Anyway, onwards and upwards!? TM|
|shaunstar: Jeez SNTY share price it taking a battering. I'm glad i sold out 6 months ago - but im not being smug - i took a big loss. I sold but like everyone else here i DO think Synety will come good. Its just got to show us the proof. No proof and falling markets generally mean the share price will languish and thats to be expected i guess.
Personally two things i have learnt form holding Synety.
1. It's better to wait until a company shows you proof they are making money/passed inflection point/hit a target than to buy in ahead. Things always seem to take longer than expected and part of my maturing as an investor is to sit by the sidelines like a crocodile, nagged by anxiety that i might miss out, but remembering that i'd rather buy in 25% higher but with certainty, than risk an all too often 50% decline whilst waiting.
2. Pay some attention to TA. I'm a died in the wool fundamental value/GARP investor but i have learnt through pain to use a little bit of TA. Ie dont catch a falling knife, higher highs=good, lower lows=bad etc. I suppose generally this is saying buy shares with some momentum - less stressful.
I am waiting and hoping for that RNS that says 'Cash flow break even reached' or 'Placing and cash flow break even now a certainty'. At which point i think it might be time for existing holders to double down.
Another company that i believe may benefit from operational leverage is STM Group, but they are past break even point. Again i'm resisting temptation to buy, waiting for next set of results or a better lookig chart.
Oh and if anyone is interesting in picking shorts - i have a thread solely for that - its fun money (some positions i do take) but it seems a hell of a lot easier than the long side :-/
All will be revealed soon, gla,
|deltrotter: Hi TM. We'll never agree to be honest as we both have different opinions on what affects a share price. You suggest that the share price is not down to management and their ability to deliver, it is down to people selling.
I suggest that people sell because management fail to deliver. There big mistake was that they got their strategy wrong in the first place and found it didn't work. When they recognised that and went to the insti's for a bail out the insti's understood the risk that their next strategy might not work and told them they could have cash but it was at a price a lot less than management wanted.
To be fair, I don't think the Chrome 'game changer' was a balls-up, it was more that management knew they were in the mire and needed something to ramp.
It takes two sides to make a market, so lets continue to hear both sides on here without any bitterness.
At the end of the day, we are both shareholders and want the company to do well. Having been stung by these guys I would hate a newbie to come in think that all was wonderful with SNTY!
|the millipede: Del, Honestly I think you need to look around the AIM market and see what other directors are up to. These guys are saints in comparison.
Even on their big "error" which was not raising enough cash at £2.50 when they had the chance, there is another picture and that is of a management team focussed on not diluting shareholders any more than they have to. It is not really their fault that the share price has fallen since. Arguably, no one really expected it.
At the end of the day, the drop in share price is frustrating but if they do need to raise more money they have a track record of letting small investors buy in, so expect to see some cheaply available shares. IMVHO.|
|the millipede: I think there are two separate issues. One is the business progress, the other is the share price and who knows how that is going to change.
IMVHO with small speculative stocks the two are often not related, as we have seen here in spades, and there is no reason to think the share price can not rise independently of company news. (It could fall too, of course.) As has been noted these shares are quite tightly held and we now have an independent director, one of whose jobs is to persuade people/institutions to start buying in the market.
To be honest, it is not a big deal for me since my time horizon on this is a long way past next March, but my current strategy is to buy now when no one else is interested. Who knows if and when the share price will perk up?|
|mudbath: Don't want to be an off topic bore,yet it has relevance.
At STL the Chairman,one of the three BOD works gratis.
He also bought 3% of Stilo shares last week.
STL has £1million in cash and throws the stuff off.
Pays a 3% divi as well as having the biggest expanse of blue sky anywhere on AIM.
I have been with SNTY and ZEN before it for years and could not agree more about noses in the trough(which seems to be a bone of contention on so many threads).
At least the SNTY share price has volatility,enabling disillusioned investors to leave should they so wish.
"Attendance and speaking by directors and non-shareholders
40. (1) Directors may attend and speak at general meetings, whether or not they are shareholders.
(2) The chairman of the meeting may permit other persons who are not-
(a) shareholders of the company, or
(b) otherwise entitled to exercise the rights of shareholders in relation to general meetings,
to attend and speak at a general meeting."
i.e. Shareholders are entitled to attend a General Meeting,I believe.|
|the millipede: To be honest I think the fundraising was very much in line with previous discounts here. They raised money at £1.50 when the share price sat well over £2.00, then raised money at £2.50 when the share price sat over £3.00, and now at 90p when the share price was under £1.40. In other words, once the share price was down at £1.40 any fund raising was always going to be at a quid or just under IMO. The company might be talking about "brick walls" to share holders (I am assuming, perhaps wrongly, that Paul Scott used that phrase because that is what he has been told by Synety) but I see no great change over the years and suspect someone is just making excuses.
The problem, if there was one, was the directors - and more alarmingly their advisors - not understanding AIM sentiment and the likely share price outcome if they delayed the results and looked indecisive about raising more capital. Moreover, it is great to have high quality institutional shareholders but they do not trade the stock (other than Commerzbank selling out last year) and so have no influence on the day to day share price. It is retail investors, us, who trade and it is retail investors who are most likely to bail out based on uncertainty and drive the price down. That is a side of the markets that Synety and its advisors appear to be completely unaware of and, IMVHO, it needs to change if they plan to come back to the market, something which I doubt will happen but which might (because you just never know how things will pan out) and so needs to be planned for.|
|the millipede: az4hr - I do not think there is anything wrong with posting questions or concerns on here. For some I guess the share price is a problem - maybe it depends on your time horizon and when you bought in - and it is perhaps unusual to see a "speculative" AIM stock with directors who do not obsess about pumping up the share price. If that is your usual milieu then all I would do is put it to you that directors should be focussed on building the business and letting the share price take care of itself. IMVHO Synety is a pretty good model of governance and engagement with shareholders.
As for the share price being slaughtered I think perhaps a little perspective is in order. There are plenty of stocks out there that have suffered more than Synety (assuming you bought at the peaks around £3.50), some large companies, like Tullow Oil or Afren have seen their prices fall far further and I can think of plenty of small AIM stocks that have seen their share prices fall by 95% or more over the past few years. That is not slaughter but annihilation! In contrast I think many investors have already made money here: for instance I bought most of my holding just over two years ago at an a average price of 98p so am obviously feeling very positive and I honestly think we are now on the cusp of big things IMVHO. If you do not believe this of course that is fine but one thing I will say for Simon Cleaver is that he will make time for shareholders and I am sure he will answer any questions you have and maybe even demo the product for you, if you ask.
Good luck whatever you decide. All the best, TM|
Synety Grp share price data is direct from the London Stock Exchange