Syqic Share Discussion Threads

[marc antony] 03/6/2016 14:05

Letmepass

stop ramping this over advfn. So you bought this shares with a 18% spread and now desperate to get out.


How many shares you been impaled on this year?

[red_shed2000] 03/6/2016 12:42

Somethings leaked...which really pi$$es me off...never a level playing field! Anyway, at least it's going the right way!

[colin12345678] 03/6/2016 12:39

letmepass a gamble lol for that amount??

[letmepass] 03/6/2016 12:37

1 million buy and lots of buys.. Leak? Or just taking a gamble

[the oak tree] 03/6/2016 12:00

It's priced for a disaster imho. Market cap of £4.4m but a fcast net profit of £2.3m fy15 on a revenue of £12m . Who knows ! Obviously a lot of nervous sellers this last year. But someone maybe knows more if that's one person buying 1m shares today . Just happy to ride this one out .

[qs99] 03/6/2016 10:53

offer extension period ends Tuesday does it not? DYOR, but if moving up ahead of then does that bode well?

[chrisdgb] 03/6/2016 10:39

Results should be imminent..??

[qs99] 03/6/2016 09:43

well someone thinks a deal is to be had then IMO....DYOR etc

[chrisdgb] 03/6/2016 09:31

1m just gone through at 18p....3.7% of company..???????

[chrisdgb] 24/5/2016 11:21

still a head scratcher this one...anyone with sensible summary.?

[androyd] 18/5/2016 08:13

Deadline extended until 7th June, by which time the results will be known.

[mikeja] 29/4/2016 11:56

Good move today,perhaps some good news after the long weekend ?

[androyd] 26/4/2016 12:33

Receivables at admission were £2m and market cap was about £14.5m, don't know if this has any relevance when it comes to placing a value on the Company.

[androyd] 25/4/2016 17:31

It looks like a few people have decided to take a punt today.

[bad gateway] 25/4/2016 09:31

I take quite a lot of comfort from that list myself. After jamal theres still 50 percent of the shares held by the larger investor. Whilst its true what you say about the "ready buyer" its also true that these types of investors are less likely to be mugged of their shares by an opportunistic ceo's bid than the average p.i.
Not long til we know the (potential)offer price now.

[androyd] 25/4/2016 08:06

I haven't seen any evidence of the significant shareholders running for the exit, I suppose that has to be a positive.

[androyd] 23/4/2016 19:27

I reckon we'll get news on Monday.

[yump] 23/4/2016 18:58

I don't think we'll see anything.

On reflection:

Lets assume that the BOD CEO etc. are competent and shrewd business people.
So they would know very early in the business, which suppliers are likely to be late payers. Even little old me knew that before I started.

So what was the purpose of the flotation ?

...and if you were shrewd you would know in advance what reaction the market would give in terms of share price, if the bad payer(s) stuck with their known record

...and if you were shrewd, what would your fall-back position be ?

[androyd] 23/4/2016 17:53

There's still a chance that we could receive a payment in the coming weeks which would be a game changer, unless the offerers and debtors have collaborated and come to some sort of 'arrangement'.

[masurenguy] 23/4/2016 16:41

"The receivables are an asset"

BG - they are only an asset if they are collectable. The company has already indicated that they are likely to take some provision against them in this years accounts so clearly they are adopting the prudent position that all of the receivables will not be collected. This clearly is a key factor that prompted the emergence of the current Bidco scenario since a low price buyout of the business will effectively constitute a major write down of the outstanding receivables and it will be the existing shareholders who will absorb this cost.

The Receivables have increased from £3.7m in 2013, to £7.0m in 2014 to £11.7m in 2015 and then to £14.2m at the end of February this year. This was partially due to the fact that "collections from the Company's primary customer had been less than previously anticipated". During 2015 sales increased by £1m while the receivables increased by £3.7m (67%) and then by a further £2.5m over just the following 8 weeks. Consequently the receivables have now doubled over the past 14 months. This looks rather ominous to me which is why I exited on the spike 2 days ago.

[bad gateway] 23/4/2016 16:03

The receivables are an asset, they may take a while to realise but they (as with all debt) have value and are quite likely a big reason for Jamal wanting the business.
The one to ponder is at what price will the current board be willing to sell the Yoomob service for given its now doing rather well alongside the enormous amount in receivables.
I'm betting more than the current share price Masurenguy (who sold on the spike) would have us believe it will be for peanuts. We'll know by 18th May for sure.

[masurenguy] 23/4/2016 14:52

Entrepreneurs are very rarely altruists except sometimes in a charitable context. I can't see anyone else buying this business without Jamal on board and, since he is part of Bidco, they would be in competition with him for the company. Maybe a competitor like Xstream might be prepared to take it on without Jamal but with the size of the current receivables I really doubt that they would be prepared to pay a significant price.

Is your shareholding here a significant proportion of your current portfolio?