Synectics Share Discussion Threads

[ohisay] 28/10/2020 12:28

Took another 10,000 this morning .Am in for the long view . £18m market cap and £7m net cash in a quality company in an important/ potentially consolidating sector is too cheap. Plus technically its a contrarian buy with the daily rsi close to zero. These don't come up very often and usually deliver in my experience . DYOR of course

[red ninja] 04/10/2020 14:54

A bit out of date, but the Downing Strategic Micro Cap IT August letter had the following on SNX :- SYNECTICS PLC – Since February Synectics has communicated well with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.

[arthur_lame_stocks] 29/9/2020 06:40

Fairly poor trading update, I wonder if Whitehall will bid or force a sale of this company.

[sharw] 10/8/2020 14:59

Whitehall is registered in Panama and thus somewhat opaque so I doubt if you will get an answer. The Indigovision shares were obviously obtained from long term holder New Pistoia Income of Switzerland who didn't bother to notify change in holding.

[she-ra] 10/8/2020 13:33

How come Whitehall Associated (Synectics largest shareholder) appeared as a major shareholder of Indigovision (with a 28.13% stake), a competitor of Synectics, just after Indigovision had accepted a takeover offer from Motorola Solutions? https://www.investegate.co.uk/indigovision-group--ind-/rns/whitehall-associated---form-8-3---indigovision/202003311746423048I/

[jswift10] 27/7/2020 14:00

So if I am reading it correctly, Cavendish sold their holding- Stonehage Fleming has added to their holding But last April-Stonehage Fleming acquires investment management activities of Cavendish Asset Management- so there is/was a connection between the two companies already

[jswift10] 23/7/2020 17:08

My mistake- I stand corrected- Red Ninja post is correct

[red ninja] 23/7/2020 11:37

I read that as Cavendish Asset Management Ltd selling out their stake, now just 0.09% remaining, down from over 5%.

[jswift10] 23/7/2020 08:08

Appears the buyer was Cavendish Asset Management Ltd now with 5%+

[joerog] 14/7/2020 07:23

agreed. the last point makes ok reading but the rest is pretty poor.

[red ninja] 14/7/2020 07:15

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 https://www.investegate.co.uk/synectics-plc--snx-/rns/interim-results/202007140700028666S/

[jswift10] 13/7/2020 11:54

Yes 3% but we do not know if they already have a small holding- I have had these shares a long time and would be happy with an exit at some point.

[joerog] 13/7/2020 11:31

I thought we would have heard by now. Technically they have until tomorrow/ weds to let us know (2 working days for the purchaser and then up to 3 for the co). If it isn't Whitehall, then someone bought around 3%.

[joerog] 08/7/2020 20:54

Oh yes - I missed that. I would be very surprised if it isn't Whitehall based on the previous trades. Having looked back, they are sometimes a few days late in reporting so we should get a holdings RNS this week.

[jswift10] 08/7/2020 20:13

large late trade again today

[jswift10] 07/7/2020 19:00

Watching with interest- hopefully something will happen this time

[joerog] 07/7/2020 15:12

if those big trades today are Whitehall, that takes them over 30% and would mean they have to make an offer to the other shareholders at the highest price paid in the past 12 months...

[red ninja] 28/6/2020 09:19

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:- https://www.investegate.co.uk/synectics-plc--snx-/rns/business-update--covid-19/202003231428302442H/ Thus the projections shown in your link are pre-Covid-19 and are no longer valid.

[ohisay] 27/6/2020 19:22

Not that different in recent years with the oil/gas plunge behind them. https://www.marketscreener.com/SYNECTICS-PLC-4002251/financials/

[red ninja] 25/6/2020 20:13

Yeah, but that is from 2015 when things were different.

[ohisay] 25/6/2020 15:13

Yes....Broker target is 315p!

[arthur_lame_stocks] 25/6/2020 10:23

Whitehall are now up to nearly 30 pct. Will they put in a bid for the whole thing I wonder?

[value hound] 22/5/2020 07:28

Yes excellent news and patently undervalued. I've been surprised at the rel' muted reaction. Patience required to get closer to £2.

[ohisay] 22/5/2020 07:08

Great news today .Excellent undervalued company.Gotta be a takeover target . https://www.thebusinessdesk.com/yorkshire/news/2056444-city-briefs-synectics-tissue-regenix-and-more

[ohisay] 23/4/2020 08:59

Thats often the best way... I've been invested in SNG for years and now look whats happened. I've always liked this company and still believe its a takeover target at some point. £19m market cap even in these times isn't at all expensive.