Share Name Share Symbol Market Type Share ISIN Share Description
Syncona LSE:SYNC London Ordinary Share GG00B8P59C08 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -1.50p -0.70% 213.50p 492,956 16:27:33
Bid Price Offer Price High Price Low Price Open Price
213.50p 214.00p 215.50p 212.50p 215.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 14.6 5.9 1.3 166.8 1,409.00

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Date Time Title Posts
15/5/201814:20Wellcome to Syncona67
28/1/201702:52Welcome to Syncona 2
20/12/201615:28Synchronica - Mobile Technology - 20124,755
08/3/201200:18Synchronica SYNC - Mobile Phone Technology - 20113,347
05/3/201213:48SYNC - formerly DAT Group12

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Syncona Daily Update: Syncona is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SYNC. The last closing price for Syncona was 215p.
Syncona has a 4 week average price of 197p and a 12 week average price of 185p.
The 1 year high share price is 216.50p while the 1 year low share price is currently 150p.
There are currently 659,952,090 shares in issue and the average daily traded volume is 217,677 shares. The market capitalisation of Syncona is £1,408,997,712.15.
rambutan2: New funding round and write up for NightstaRx: And May factsheet: hTTp://
plunge: Annual results tomorrow. Judging by the recent share price performance the market is not expecting much. We shall see.
plunge: The price tag Facebook has just put on WhatsApp shows the immense value in instant messaging. Hopefully this will give MYRN's share price a boost.
weatherman: If AD has rejected the bid, then can it be said he is profitting from it in the timing of his purchase ? I'm not a legal expert. I find it strange that SYNC share price fell after CB left even though the new team had promised to focus upon shareholder value. I saw it as a good buying opportunity Secondly, is the strange and sudden broker downgrade from 53p to 20p. Such big changes can't be good for one's reputation as if it is an admission they were so wrong the first time? Perhaps if there is an investigation, some other points might be raised as well?
sdavis: So now the sync share price reflects the busiess, and not the offer or a potential offer.
restassured: Stonecap Securities says Synchronica offer below expectations, deal not "imminent" 8:53 am by Deborah Sterescu Capital markets firm Stonecap Securities said Wednesday that the now firm takeover offer for Synchronica (LON:SYNC) (CVE:SYN) from Swiss rival Myriad Group AG has come in below expectations, with talks expected to continue and a deal not appearing "imminent". Indeed, mobile messaging firm Synchronica advised shareholders to take no action after Myriad firmed-up its initial approach, which was rejected, into a full takeover offer. The Swiss firm has made an all-share bid worth 13 pence (around 20 US cents) per share, valuing Synchronica at about £20.6 million (US$32.0 million). Myriad added that it will continue discussions with Synchronica's board to try and get the offer recommended by the directors. The Myriad offer is an all-stock deal that entitles each holder of 100 Synchronica shares to 4.67 shares of Myriad Group AG. The offer represents a 17.6 percent premium to yesterday's close of $0.17, but represents a 90 percent premium to the 30-trading day average share price that the stock was trading at prior to January 3, 2012, when talks between the two companies were first confirmed publicly, Stonecap said. "Although the current offer is at a 90% premium to the average trading price in the 30 days before talks between the two companies were confirmed, Synchronica shares were trading at a 52-week low post the ouster of the former CEO, and amid a comprehensive company-wide restructuring," said Stonecap Securities analyst, C. Scott Rattee, CFA. The research note continued: "During our discussion with management last week, they appeared very upbeat on the financial prospects of the company post the restructuring, which was complete in December 2011. "The Myriad offer remains well below the most recent financing conducted in mid-July '11 at the issue price of $0.25. We regard this level as a minimum bid and also regard the all-stock proposal as a detractor to the offer," the capital markets firm concluded. Stonecap's Rattee noted that talks are expected to continue over the next few days, but in the absence of a better offer by Myriad, Stonecap would look for Synchronica to prepare a defense document to repel Myriad as a potential suitor. However, Stonecap also estimates that Synchronica's executive management team and board of directors collectively own less than one percent of shares outstanding, therefore not representing much of an obstacle in a vote. Stonecap has a $0.60 price target on Synchronica and an "outperform" rating. Synchronica's board had rebuffed the Myriad approach previously, and two weeks ago, the firm issued a bullish trading update stating it expected latest full-year revenues to be marginally ahead of market expectations. Myriad said a merger would give Synchronica shareholders an investment in a company with a larger established base of installed products, a global spread of revenues and a stronger balance sheet. It added that Synchronica had an obligation to pay deferred acquisition consideration to Nokia of approximately US$20.2 million before 31 December 2015 and does not believe in its current financial position and with its future prospects, Synchronica will be able to repay the Nokia debt. Myriad's chief executive, Simon Wilkinson, said: "We view our all share offer as attractive to the shareholders of Synchronica." "It represents a significant premium to Synchronica's volume-weighted average share price in November and December 2011 and a compelling value proposition, affording Synchronica shareholders continued participation in a combined business that we consider will be a leader in mobile software technology, with an enhanced product portfolio and cross-selling
davidlloyd: Tell you what eggflip - the SYNC share price they quote in that article is stunning..... 'On Monday, Synchronica Plc rose 1.22% to £12.40 (SYNC has a 52 week trading range of £11.78 to £32.00 a share) for a market cap of £1.79 billion' source:- Smallcap network :-) DL
restassured: 8th December 2011 Synchronica VALUATION As we noted at the time, the Nokia acquisition substantially strengthened the valuation case for Synchronica, by bringing forward profitability and positive cash flow, improving the quality and visibility of revenues, and significantly improving the company‟s competitive position (and strategic value). These Q3 results give a hint of the impact, but also contain a lot of red ink due to the various write offs, which the rejigged management team has prudently taken. On paper, as our analysis suggests, the recently implemented cost reductions should get Synchronica to profitability and positive cash flow, whilst the greater focus on the existing mobile operator customer base (rather than a land grab of new contracts) should hopefully support our revenue growth estimates. We have historically valued Synchronica on the basis of forward looking EBITDA and PE multiples, though the significant change in forecasts that have occurred during our coverage of Synchronica highlights the potential weaknesses of that approach. Nevertheless, on the hope that our current forecasts are a cautious view of the future, and using a 9x EBITDA multiple and a 14x PE, the outlook for 2012 supports a share price of 14-26p, whilst 2013 supports 23-40p. This has come down from our previous valuation of 17-26p and 26-40p for 2012 and 2103 due to the increase in net debt outlook. Given the leverage in the business, any outperformance against our forecasts would support a reasonably significant share price upgrade. Leaving aside the company‟s financial performance, we believe that Synchronica‟s strategic value is much higher than the pure financials (and indeed its current share price) would suggest, given that the company now has 90 mobile operator customers with a total addressable market of 1.8bn subscribers, and almost global market coverage, as well as a strong technology under-pinning reflecting many man-years of R&D. A large, well financed buyer (for example a telecom equipment, software or services provider) with existing complementary products, customers and sales/distribution channels would probably value Synchronica on the basis of higher sales forecasts than we have used in our valuation and/or would apply higher multiples than the market-average multiples that we have used. Some examples of strategic mobile M&A deals are shown next, with many at high revenue multiples. A take-out multiple of 3x 2012 forecast revenues would, for example, represent a share price over 4x today‟s level for Synchronica. Examples of Strategic Mobile Investments Date Buyer Target/sector Details Mar 2011 Facebook Snaptu, social networking Reported $60-70m Feb 2011 HTC Saffron Digital, mobile video £30m, 4.5x revenues March 2010 Amdocs MX Telecom, mobile messaging £105m, estimated c9x EBITDA and 14x PE Jan 2010 Apple Quattro, mobile advertising $275m Nov 2009 Google AdMob, mobile advertising $750m, or 7.5x current revenues Mar 2009 Nokia Obopay, mobile banking Reported $70m for a stake Nov 2008 Nokia Oz Communications, mobile messaging Reported $200m Nov 2007 Qualcomm Firethorn, mobile banking $210m Nov 2007 Microsoft Musiwave, music $46m Sept 2007 Nokia Navteq, navigation $8.1bn July 2007 Nokia Twango, social networking $97m Dec 2005 EA Games Jamdat, mobile games $680m Source : Company, ED
restassured: UPDATE: Synchronica completes acquisition of Nokia messaging business 9:43 am by Andre LambertiNorthland Capital upheld its "buy" recommendation for Synchronica after the acquisition of Nokia's messaging business Adds comments from Northland Capital... Synchronica PLC (LON:SYNC, TSE:SYN) said it has completed its acquisition of Nokia's Operator Branded Messaging (OBM) business, announced at the end of June. Already a major supplier of next-generation messaging systems to mobile carriers operating in developing economies such as Latin America and Africa, this latest deal has given Synchronica entry into the lucrative North American market. OBM's customer list includes Tier-1 mobile operators across the US and Canada such as AT&T, Sprint, Verizon, T-Mobile, Bell Mobility, Rogers Wireless and others – all of whose contracts will be assigned to Synchronica. The deal was structured as a reverse takeover and cost Synchronica US$25 million, with US$4 million payable in cash on completion of the acquisition and the balance being payable on a deferred basis. In addition, Nokia will be issued 18.3 million warrants in Synchronica's shares. Synchronica also today announced that the previously flagged share placing to raise US$15 million has been completed. The funds will cover the initial cash element for the acquisition and provide working capital for the group. Chief executive Carsten Brinkschulte said: "With today's completion, we have acquired Nokia's successful and highly complementary Operator Branded Messaging business, and have at a stroke transformed Synchronica's scale, profitability and geographic scope. The Nokia messaging platform complements our flagship, carrier-grade Mobile Gateway messaging infrastructure software, and we will work relentlessly on merging both products to create a superior solution with significantly enhanced functionality." Broker Northland was encouraged by the news, noting that the Nokia acquisition gives Synchronica a substantial customer base in North America including tier one carriers with six million active users. "The associated professional services contract is a substantial and profitable revenue stream from the world's largest handset manufacturer and from here Synchronica can reach out to many more mobile network operators," said Northland. While Northland said that the acquisition is not without risks – as it more than doubles Synchronica's revenues and headcount – these risks are "more than fully" reflected in the current share price. As a result, Northland left its "buy" recommendation and 53 pence price target unchanged. Northland's target is more than three times greater than the current share price of 16.5 pence. The broker also noted that Nokia could potentially become a significant shareholder in Synchronica by exercising its warrants.
nilip: Looks like SYNC is finally starting to get it's act together in a big way. Future's starting to look a whole lot brigher for SYNC and on an impressive scale. Recent news is starting to demonstrate what a massive customer base SYNC has broken into - as mentioned India's Wynncom is the major breakthrough imo but now we're getting huge increased exposure to African telecoms customers. Things are really hotting up for SYNC. edit - and to think the SYNC share price has hardly ever been so low! - and that at a time when the company's starting to enter into agreements providing huge mass market exposure - it's now at only ~ 1.35p in old money terms (pre-consolidation).
Syncona share price data is direct from the London Stock Exchange
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