Synectics Share Discussion Threads

[leedsu36] 09/12/2024 12:59

All you're gonna get tomorrow are positive newspaper articles and a Simon Thompson + others update.
Simon should be like the cat that got the cream.

[leedsu36] 09/12/2024 12:55

I'm also annoyed John, i've been watching these for the last 6 months now, i expected them to re-trace when they hit £2.50 (they never did) then £3.00 (they never retraced)
I'd been waiting for an entry point that never came, so i just had to get in and here we are.
I'm in at £2.90 and then again this morning at £3.37, they're going in the drawer now till at least March, and prepared to buy shakes.

[johndoe23] 09/12/2024 12:45

Still annoyed I missed opportunity at 180 and 220. But, if I saw this company for the first time today, would I think it would be a buy? Yes, think I would

[leedsu36] 09/12/2024 12:42

Last year around the same time as this, they posted a similar RNS stating the same 'materially ahead' TU.
Then 28th Feb 2024 they posted the full results, here they are :

Financial highlights1

· Revenue increased 26% to £49.1 million (FY 2022: £39.1 million)

· Substantial increase in underlying operating profit2 to £3.1 million (FY 2022: £1.2 million)

· Underlying EBITDA3 increased to £4.8 million (FY 2022: £3.2 million)

· Underlying earnings per share4 increased to 14.2p (FY 2022: 6.9p)

· Net cash at 30 November 2023 of £4.6 million with no bank debt5 (30 November 2022: £4.3 million)

· Strong order book at 30 November 2023 of £29.2 million (30 November 2022: £24.4 million)

· Recommended final dividend increased by 50% to 3.0p per share (FY 2022: 2.0p)



1 Following the disposal of a non-core business in November 2022, all comparative figures in this announcement reflect continuing operations, unless otherwise stated.

2 Underlying operating profit represents profit before tax, finance costs and non-underlying items; see note 4.

3 Underlying EBITDA represents profit before finance costs, tax, depreciation, amortisation and non-underlying items.

4 Underlying earnings per share are based on underlying profit after tax but before non-underlying items.

5 Excluding IFRS 16 lease liabilities.



Operational highlights

· Strong results, exceeding market expectations, underpinned by growing demand from the oil and gas sector

· Solid order book, reinforced by sound order intake and significant contract wins across all sectors, with continued momentum into 2024

· Continued investment in technology development saw the release of new AI and sector-specific features to the proprietary Synergy software platform, and advancements to the COEX explosion-protected camera stations range

· Ongoing focus on specialist, core markets - gaming, oil and gas, public space, transport and critical infrastructure - offers significant growth opportunities

Post-period end events & outlook

· Extended agreement with National Grid, with contracts of £4.0 million signed to upgrade more sites across its estate

· Key end markets continue to recover, and we are seeing opportunities for both new projects and the renewal of existing infrastructure and systems in all sectors

· Strong new business momentum delivered at the end of FY 2023 has continued into H1 2024, underpinning the Board's confidence in the Company's outlook for the medium term



Commenting on the results, Paul Webb, Chief Executive of Synectics, said:



"Synectics delivered a strong performance in FY 2023 and, operating in strong and growing specialist markets, the Board is confident that the Company will continue to deliver further progress in this year and beyond.

"Synectics has built a very strong reputation and is a trusted brand that counts many high-profile businesses among its customers.

"In the year to date, the Company has seen continued sales momentum, driven by a robust order book and a strong pipeline of new business opportunities, underpinning the Board's confidence in the Company's outlook for the medium term."

[leedsu36] 09/12/2024 12:37

You've also got the final ex dividend date of 11th April 2025 to come after the finals in March and people buying in for the divi date, i'm trying to find something negative and keep finding more pluses than you can shake a stick at.

[leedsu36] 09/12/2024 11:51

So this year they have already hit £3.55p and now this trading update today with March 2025 to come.

Synectics Plc Ord 20p is listed on the London Stock Exchange trading with ticker code SNX.L. It has a market capitalisation of £59.53m, with approximately 16.77m shares in issue. Over the last year, Synectics share price has been traded in a range of 220.00, hitting a high of 355.00.

[leedsu36] 09/12/2024 11:48

Can someone post something negative here, because i just can't see it.
They have sensibly grown this company, they haven't tried to run before walking, they use all their own cash, and even that is growing, contracts are getting larger. and order book is full with room for growth, what am i missing?

[leedsu36] 09/12/2024 11:29

Yes John they have been tipped by ST, but just checking their RNS shows 'contract wins' 'contract news' these are not going backwards with the tech and ai they have.
And they are trading worldwide.

[leedsu36] 09/12/2024 11:26

I really could take some handsome profit here, but i don't see the point, in early March proper audited results drop, that's just 12 weeks, yes i'm tempted but i see a future for these and would sooner add on any fallback or shake.
I'm not risking trying to get back in when they only have 17m shares, no wonder i got offered £3.49p

[johndoe23] 09/12/2024 11:13

Presume tipped by ST?

[leedsu36] 09/12/2024 11:12

This company is not going backwards.
Ask yourself if AI in surveillance is the new 'garlic bread'
They're geared for the future, this RNS was only last month, check out ALL their recent news announcements, they don't do b/s



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."

[leedsu36] 09/12/2024 11:06

I just tried a 'dummy' sale to see what they offered for £5k's worth of stock.

£3.49p!

[qs99] 09/12/2024 11:04

IMO, offer moving up, looks like squeeze is on now....DYOR

[leedsu36] 09/12/2024 10:54

An ever-increasing order book.
Rising in house cash, 9.6m gives loads of scope going forward with a 3m rise not to be sniffed at in 12 months.
A very rare bird indeed on the AIM, no debt, growing order book, dividend, cash in the bank and a recurring £3m facility.
And only 17m shares in issue, insti's must be taking note now and orders to go in.
I'm not posting these to move on, there's proper audited results in 3 months and they're being conservative, a proper business, do we think anything is going to unravel here from now till 3 months, i think not.

Advanced security and surveillance specialist Synectics announced on Monday that profit before tax for the financial year ended 30 November was expected to be materially ahead of market expectations.

FTSE AIM All-Share
The AIM-traded firm said the performance reflected strong momentum across all its market verticals during the second half.

It said it saw a significant increase in its order book, which reached around £37.8m as of the end of November, compared to £30.2m at the end of May and £29.2m at the close of November 2023.

Synectics also strengthened its financial position, with cash holdings rising to £9.6m as of 30 November, up from £6.4m in May and £4.6m a year earlier.

The company added that it retained additional liquidity through £3m in undrawn bank facilities.

The company said it would release its audited results for the 2024 financial year in early March.

At 0939 GMT, shares in Synectics were up 7.9% at 333.42p.

[leedsu36] 09/12/2024 10:40

Synectics (GB:SNX) has released an update.

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Synectics plc, a leader in advanced security and surveillance systems, anticipates its fiscal year 2024 profit to significantly exceed market expectations, driven by momentum across its market sectors. The company reports a robust order book of £37.8 million and strengthened cash reserves of £9.6 million, indicating strong prospects for the upcoming year. Investors can look forward to the audited results in March 2025.

For further insights into GB:SNX stock, check out TipRanks’ Stock Analysis page.

[leedsu36] 09/12/2024 10:01

Better than anticipated figures for security and surveillance tech company.

Well worth holding till full figures released in March :
Security and surveillance technology business, Synectics, expects its profit before tax and revenues for FY 2024 to be materially ahead of market expectations of £3.9m £55.4m respectively.

In an update on trading for the year ended 30 November 2024, the Sheffield-headquartered company says its upbeat forecast reflects continued momentum in the second half of the year across all of its market verticals.

The firm adds that it ended FY 2024 with a strong order book, totalling approximately £37.8m (31 May 2024: £30.2m; 30 November 2023: £29.2m), underpinning the Board’s confidence for the year ending 30 November 2025.

Cash at 30 November 2024 was £9.6m (31 May 2024: £6.4m; 30 November 2023: £4.6m), with undrawn bank facilities of £3m.

Synectics says it expects to release its audited results for FY 2024 in early March 2025.

[brucie5] 09/12/2024 10:00

So: a three bagger in a year. Well done if you saw this and got in then.

[leedsu36] 09/12/2024 09:42

Trading all over the world in a growing business.
Security and surveillance systems firm Synectics has been awarded two contracts for oil and gas contracts in Qatar and Brazil, totalling £2.3m.

Synectics said on Monday that the contract in Qatar, which was worth approximately £1.8m, will see the group supply North Oil Company with its innovative security camera station technology.

Separately, the AIM-listed group stated it had been selected to provide its specialist security and surveillance solutions for a Floating Production Storage and Offloading vessel in Brazil, with a contract value of approximately £500,000.

Synectics said its solution will be integral to the vessel's security operations and overall situational awareness, ensuring compliance with rigorous offshore safety and performance requirements.

[leedsu36] 09/12/2024 09:40

Security and surveillance systems specialist Synectics announced on Thursday that it has been awarded contracts totalling $2.7m to deploy its flagship Synergy software platform in gaming resorts in the Philippines and the United States.

The AIM-traded firm said the contracts included agreements with two new customers in the Philippines, where Synergy would be implemented in leading gaming resorts.

It said the platform was chosen to enhance surveillance and security in high-demand control room environments.

Additionally, Synectics said it had expanded its partnership with PENN Entertainment, securing contracts for two more casinos in its portfolio, bringing the total number of PENN properties using Synergy to 25.

The board said the projects were scheduled for delivery within Synectics’ current financial year ending 30 November 2025.

“Today's announcement demonstrates our positive momentum in the gaming market, and the continued demand for our innovative, market-leading surveillance and security technology,” said chief executive and chief financial officer Amanda Larnder.

“We are delighted to be collaborating with two new customers in the Philippines, further expanding our footprint in the region.

“Additionally, our continued partnership with PENN Entertainment demonstrates the enduring value and adaptability of Synergy in supporting PENN's complex security and surveillance needs across its portfolio.”

[martinmc123] 09/12/2024 09:36

4*
Synectics plc a leader in advanced security and surveillance systems, issued a very positive update on trading for the year ended 30 November 2024. The Company expects profit before tax for FY 2024 to be materially ahead of market expectations, reflecting continued momentum in the second half of the year across all of its market verticals. And these FY 2024 market expectations were for adjusted PBT of £3.9m which would already have been up 47% on FY23 levels...from WealthOracle

wealthoracle.co.uk/detailed-result-full/SNX/1069

[leedsu36] 09/12/2024 09:30

If these declare the next divi nicely up, there's absolutely no reason this shouldn't motor.
Expect brokers and analysts to be all over these figures today and tomorrow.

Looking forward to what Simon Thompson has to say for one, he's done some good coverage here and brought them to my attention.

[qs99] 09/12/2024 09:20

so say c.£60m market cap now,c.£10m cash maybe by now, so EV £50m....current PBT forecasts £3.9m and materially ahead of so could be what 15% ahead (10% is IMO/DYOR rule of thumb for having to make an ahead of RNS)....so say £4.5m PBT....so 11 times, but growing....EBITDA number to use, likely to reduce this.

Could it do £5.5m-£6m next year? AS someone says above, how long before it is delivering c.£10m EBITDA?

DYOR, but this has a long way to go and new contract wins will all add gist to the mill

[qs99] 09/12/2024 08:27

Still a fair bit of stock around IMO....not close to offer as yet....DYOR

[leedsu36] 09/12/2024 08:27

Well one thing is for sure, you ain't gonna get diluted here with so much cash in house.
These are tightly held for good reason, and not a lot in free float.