Synectics Dividends - SNX

Synectics Dividends - SNX

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Synectics Plc SNX London Ordinary Share GB0007156838 ORD 20P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 137.50 08:00:00
Open Price Low Price High Price Close Price Previous Close
137.50 137.50 137.50 137.50 137.50
more quote information »
Industry Sector

Synectics SNX Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

sharw: This is not news - it was announced by the company almost 3 months ago:
simon gordon: Back in 2013 they did 7.1m PBT and 32.6p EPS. Then the price of oil fell and the share collapsed. Due to the casino sector succeeding the share got close to 300p but has since ebbed away as they have struggled to grow. The last six years have been pretty grim for shareholders. Synergy 3 was launched in 2014 and looks to have taken until 2019 before landing a mega contract, which Downing say is worth £9m. SNX spend a lot on r&d but it doesn't seem to help the business grow rapidly or give much bang for the buck. Are the Chairman and CEO good capital allocators? A big open question, can Synergy 3 now re-light the share price or will it be stuck between 100p and 200p in six years time? ----- TU - 15/12/20: There has been growing interest in the areas of development in which Synectics is continuing to invest, particularly from large government-related urban transport and critical infrastructure projects. With our ongoing investment in advanced product development and deep customer relationships, Synectics is well positioned across our global markets for long-term success.  We remain confident in our growth prospects as our software and technology capabilities continue to open up new opportunities in evolving markets for our security and surveillance technology. ----- Interims - 14/7/20: Strategy   Important progress was made in the first half towards building on the recent market breakthroughs achieved by Synectics' Synergy platform in the field of security operations control for transport and infrastructure. The scale and complexity of such systems has meant that, up to now, the market has largely been supplied by very costly and inflexible bespoke software solutions. The latest versions of Synergy ;offer typically 75% - 90% of the required functionality in its standard commercial-off-the-shelf core modules, with only the limited remainder requiring bespoke software code. The available benefits to customers in cost, delivery timescales and, most importantly, project risk management, are considerable. Following on from the Deutsche Bahn project won last year, and long-term work for BVG, also in Berlin, Synectics is in the process of bidding or preparing a small number of similar proposals elsewhere. As a result, positive engagement is underway with prospective customers as well as, critically, major IT systems integrators with global footprints. These latter potential partners will be key to enabling Synectics to increase the pace at which it can scale its market penetration.
sharw: That is Judith MacKenzie whose Downing UK Micro-Cap (SNX in top ten holdings) has done so badly that it has been suspended. See htTps://
simon gordon: SNX discussed, starts 33 mins in.... Vox Markets - 18/12/20: Judith MacKenzie of Downing LLP discusses her portfolio and predictions for 2021 Https://
ohisay: Another 30k today for me on the vaccine news . Good news for SNX markets (Casinos,oil,public transport etc)
red ninja: A bit out of date, but the Downing Strategic Micro Cap IT August letter had the following on SNX :- SYNECTICS PLC – Since February Synectics has communicated well with shareholders, issuing two business updates during the heart of the virus, three contract wins, interim results and Directors share purchases. One of the contracts will see Synectics’ Security division provide, install and maintain safety critical on‐board surveillance systems for Irish‐based bus operators Dublin Bus and Bus Eireann as the NTA transitions to low emission and electric buses. New hybrid and hydrogen‐powered vehicles have been ordered by the NTA from UK and European bus manufacturers, and will take advantage of Synectics Security’s latest recording technology, integrated reversing systems and comprehensive in‐territory support. Also within the transport sector, Synectics’ IMS division has been awarded a new three‐year framework agreement by Stagecoach, the UK’s largest bus and coach operator. The contract is an extension of Synectics’ 18‐year relationship with Stagecoach, and covers the delivery of safety critical on‐vehicle surveillance systems and maintenance support for its fleet of over 8,000 vehicles. Meanwhile, it was encouraging to see that the leisure industry had ‘reopened̵7;, and Synectics’Systems division was awarded a new five‐year multi‐million dollar support contract by a major casino operator for its flagship resort in Asia, further extending an existing long term relationship. Under the contract, Synectics will continue to provide support and development of its market‐ leading Synergy 3 software platform, which plays an integral role in ensuring operational integrity, security and regulatory compliance at the resort. These contracts underpin our belief in the scalability and flexibility of the Synergy platform to develop, and Synectics’ proven ability to develop functionality as new requirements emerge. Synectics is underpinned by a strong balance sheet, with £4.6 million of net cash as at 31 May 2020. It is interesting to note that there has been a considerable amount of corporate activity in the sector. A few years ago, Motorola Solutions had no video surveillance products. It has now acquired Aviglon, IndigoVision and most recently, Pelco, making the company one of the largest in video surveillance. This confirms our view that a ‘solutionsR17; approach to this sector will gain market share, as opposed to a traditional seller of boxes – Synectics should ultimately be a benefactor of the consolidation taking place in the sector.
red ninja: Not the best interims :- -- Substantial impact from Covid-19 on our customers' operations, especially in the gaming sector -- Revenue GBP23.0 million (2019: GBP33.6 million) -- Underlying loss before tax(1) GBP(2.0) million (2019: profit GBP1.2 million) -- Loss before tax GBP(2.3) million (2019: profit GBP1.2 million) -- Order book GBP26.1 million (2019: GBP25.9 million) -- Net cash as at 31 May 2020 of GBP4.6 million (30 Nov 2019: GBP3.6 million) -- Actions taken to reduce costs and re-focus operations around customer requirements, with four operational sites due to be closed by the end of the year. -- Board expects a noticeably improved underlying trading result in second half
red ninja: You seem to be forgeting Covid-19, in the company's business update it said :- "As announced on 23 March 2020, and given the continued uncertainty in global markets, financial guidance on the Company's expected trading performance for the financial year ending 30 November 2020 has been and remains suspended." See link:- Thus the projections shown in your link are pre-Covid-19 and are no longer valid.
danieldanj: Synectics (SNX) Earnings-Reaction to Keep an Eye
cockerhoop: Whitehall Associated are a Panamanian based investment company. I can only see that they've invested in First Group Properties and SNX in the last few years. They've been pretty active holders though in SNX. Held 28% in April 2011, down to 6% by Oct 2013, before accumulating to the current position from late 2014. On that basis they appear pretty shrewd traders of the shares.
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