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SNX Synectics Plc

313.00
-2.00 (-0.63%)
Last Updated: 12:17:51
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Synectics Plc SNX London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-2.00 -0.63% 313.00 12:17:51
Open Price Low Price High Price Close Price Previous Close
315.00 313.00 315.00 315.00
more quote information »
Industry Sector
SUPPORT SERVICES

Synectics SNX Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
09/07/2024InterimGBP0.0225/07/202426/07/202423/08/2024
27/02/2024FinalGBP0.0311/04/202412/04/202403/05/2024
22/02/2023FinalGBP0.0206/04/202311/04/202305/05/2023
22/02/2022FinalGBP0.01507/04/202208/04/202206/05/2022

Top Dividend Posts

Top Posts
Posted at 11/11/2024 09:39 by adorling
Still only on a PE of 13 and PEG 0.6 and PSR of just 1.02 so a long way to go north before fair value is reached. Suspect we shall hear of another contract soon and CEO recruitment update before Christmas and no doubt several 2025 Tipster NAPS will have SNX on their list!
Posted at 11/11/2024 07:53 by someuwin
Synectics plc

("Synectics" or the "Company")

Synectics launches new AI surveillance capabilities

Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, is pleased to announce the launch of Synergy DETECT, which is a key AI component of Synectics' proprietary software, Synergy.

The launch expands Synergy's product offering, now comprising a suite of twelve AI-powered tools designed to streamline real-time detection and analysis available to users. These tools can be fully tailored to align with each customer's specific security and operational demands, further strengthening the ability to protect people and safeguard assets. With Synergy DETECT, organisations can anticipate threats faster and respond proactively - an essential advantage in today's rapidly evolving security landscape.

Synergy DETECT reflects Synectics' ongoing commitment to provide the latest surveillance tools into Synergy; the Company is well positioned to capture growing demand for AI-driven solutions across the high-growth sectors in which they operate.

Amanda Larnder, Interim Chief Executive Officer and Chief Financial Officer of Synectics, commented:

"These exciting AI-driven features within Synergy are central to strengthening our position as a market-leading innovator in the security space. Synergy DETECT is set to enhance our portfolio significantly, providing our customers with the latest, best-in-class security and surveillance solutions."
Posted at 04/11/2024 13:05 by boystown
Re-tipped by Simon Thompson today...

This technology stock keeps on delivering

A security and surveillance systems company has won yet more contracts to underpin another step change in profits that is simply not priced in

- £2.2mn additional contract wins with National Grid
- EPS set to double over three-year forecast period
- Cash-adjusted ratio set to fall to 9.5 within 12 months

Sheffield-based Synectics (SNX:265p), a leader in advanced security and surveillance systems to customers operating in technically and logistically demanding environments, has won further contracts with National Grid to protect its critical infrastructure across 12 sites.

In January 2024, the energy group awarded Synectics £4mn of additional contracts to deliver security improvement work across 13 new sites. The latest contract win means that Synectics’ technology is now deployed across 32 sites throughout National Grid’s estate. The company has a 30 November financial year-end, so the contract awards help underpin house broker Shore Capital’s expectations for the 2024-25 financial year, when analysts expect annual revenue to increase by 8 per cent to £60mn.

Furthermore, as I noted when I rated the shares a buy, at 233p, at the interim results (‘Another upgrade for this cash-generative tech stock’, 16 September 2024), order intake is underpinned by a raft of contracts for the installation of security and surveillance systems at casino resorts in Asia and further contract wins with oil and gas giant Saudi Aramco. Synectics has deployed more than 10,000 specialist COEX camera stations to safeguard oil and gas refineries, pipelines, offshore vessels, and platforms for industry giants including Saudi Aramco and Shell. The gaming and global oil and gas market account for a fifth and a quarter of annual revenue, respectively.

Accelerated earnings growth

It’s worth noting, too, that a leaner cost base following a restructuring programme, the natural operational leverage of the business and a tailwind from the recovering oil and gas market mean that the operating margin will expand in a positive revenue cycle. In fact, analysts expect pre-tax profit and earning per share (EPS) to increase by 28 per cent to £5mn and 23.9p, respectively, in the new financial year, or more than three times the growth rate of revenue. On this basis, the shares are trading on a modest forward price/earnings (PE) ratio of 11.

In addition, the business is highly cash generative, so much so that Shore Capital forecasts a doubling of annual free cash flow (FCF) to £4.8mn (27p), which underpins a bumper FCF yield of 10.3 per cent. It means that even if the board hike the dividend per share by 44 per cent to 6.5p at a cost of £1.2mn, as analysts predict, net cash will continue to build. Indeed, the house broker pencils in a near-50 per cent increase to £7mn (39p) in closing net cash in the 12 months to 30 November 2025, rising to £9.3mn (52p) a year later. On this basis, the cash-adjusted PE ratio could drop to 9.5 by this time next year, falling to 7.3 in November 2026.

That’s a modest rating for a company targeting end markets with high barriers to entry and in sectors that are often challenging to penetrate. For instance, Synectics' proprietary security and surveillance software manages and records more than 250,000 channels across 270 locations worldwide, including high-security environments such as town and city centres, stadiums, tourist attractions and critical infrastructure sites.

Synectics’ share price hit a seven-year high of 299p earlier this month after I suggested buying the shares in the summer, at 188p (Alpha Research: ‘Spying a small-cap profit opportunity’, 12 July 2024). I now feel that my upgraded fair valuation of 320p (up from 280p) is achievable to capture the anticipated doubling of EPS to 29p over the 2023-26 forecast period. Buy.
Posted at 14/10/2024 13:40 by moreearl
Can't see this staying as SNX independant for that long with contracts wins and very very low valuation with very mingy forward P/E and cash on account
Posted at 10/10/2024 11:28 by someuwin
Yup, one of my current favourite stocks. Security and surveillance are becoming ever more important. And SNX outplaying the big boys...

“We deliver large-scale programmes for world class companies. We protect and support critical public infrastructure around the world. We win highly prized contracts in direct competition with global conglomerates many, many times our size.”
Posted at 27/9/2024 18:39 by someuwin
Cheers missmimz. Direct link to the SNX part here...
Posted at 27/9/2024 13:26 by missmimz
SNX - Judith Mackenzie, Downing, one of her favourites, from 1:02:40
Posted at 16/9/2024 06:55 by rimau1
Cash adjusted single digit rating so we should fly. The clues came in the interims when SNX called the recovery in the important Casino market.
Posted at 11/7/2024 12:50 by oregano
Have a look at the trust. £4m mkt cap. trying to wind down. SNX is 19% of their assets. I am joining the dots.....

Although they have a dissenting shareholder who is trying to stop the wind down. Very unusual - normally it is the other way round!! Maybe SNX is what they want to get their hands on!
Posted at 09/7/2024 06:52 by ohisay
Yep as good as it gets and a new interim dividend announced too .


In light of Synectics’ substantially improved profitability and strong cash position, the Board has declared a re-instated interim dividend of 2.0p per share to be paid on 23 August 2024 to shareholders on the register at 26 July 2024.
This will be the Company’s first interim dividend to be paid since 2019