Synectics Share Discussion Threads

[philo124] 26/2/2014 08:25

Ok read the whole statement now sat in Spanish café where the noise is above the uk health and safety level- 6 women talking.

[valhamos] 26/2/2014 08:22

Same here beckaroo - disappointing outlook does not justify current P/E rating. Not able to sell at open so will hold for now.

[philo124] 26/2/2014 08:21

Very disappointing fall.

[5oletrader] 26/2/2014 08:20

Unjustified drop.

[dasv] 26/2/2014 08:20

"Taken together, these factors lead the Board to expect another good performance in 2014, with results likely to be at a similar level to 2013. The pattern of our current order pipeline suggests that trading will be significantly skewed towards the second half"

I take that to mean no EPS growth and some weak/negative news flow in H1 2014 but things improving in H2.

Also 29p is a slight miss on forecasts.

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
30-Nov-13 84.01 7.11 32.33p 16.7 0.7 +23% 8.75p 1.6%
30-Nov-14 94.29 8.40 38.03p 14.2 0.8 +18% 9.50p 1.8%
30-Nov-15 99.33 10.04 45.45p 11.9 0.6 +20% 9.50p 1.8%


"Financial performance for the year was held back by the profile of our multi-year managed services contracts being more weighted towards early years, where lower margins are usual, and by delays in closing out a large integration project. The latter issue has been closely addressed as part of the organisational and MIS changes referred to above and should not recur."

I think the market is focusing on the negatives in the RNS (see above) but there are lots of takeaway positives too. 2015+ looks good for Synectics. I had to sell though on open (had to join queue to sell - no market) because I fear the share price will languish in 2014. I will keep the share on watch and read RNS's with interest.

[beckaroo] 26/2/2014 08:17

Its the reduced order book and them saying profits next year will be the same as this year but more skewed towards the second half.

I tried to sell at the open but no market so reckon I will hold at these prices.

[awesome45] 26/2/2014 08:14

6.6 PBT below consensus of 7.1

[philo124] 26/2/2014 08:10

And some peeps new before results.

[philo124] 26/2/2014 08:10

Order book?

[philo124] 26/2/2014 07:54

Good. 38p 2014, 45.5p 2015. In Sipp so will continue to hold.

[philo124] 19/2/2014 13:23

Disappointing move ahead of next week's news.

[dasv] 19/2/2014 12:52

thanks - yes prelims will be 26th Feb

20 January 2014

Synectics plc (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, will announce its preliminary results for the year ended 30 November 2013 on Wednesday 26 February 2014.

A meeting for analysts will be held at 10.00am on the day of results at the offices of Buchanan, 107 Cheapside, London EC2V 6DN.

For more information, or to register attendance, please contact Buchanan on 020 7466 5000

[old tyke] 19/2/2014 12:27

Finals 26 Feb, actually.

[dasv] 19/2/2014 12:22

Vol is v. light

Prelims generally early March.

No idea re: share price move

[5oletrader] 19/2/2014 11:53

Any ideas on - why the drop?!

[kombimatec] 30/12/2013 11:22

Warren Buffet advises to invest and stick with well run businesses. I believe this is one of those well run businesses.

[philo124] 20/12/2013 09:20

Got valuations this a.m. ; had missed the drop; topped up in SIPP. Still got a target of 670p for next year.

[dasv] 13/12/2013 09:00

"Growth was particularly strong in the Group's Synectic Systems division, providing proprietary large-scale surveillance systems for specialist high end requirements"

To me - this indicates revenue growth will be sustained and the company can scale up to meet larger contract size demand.

Also Asian growth introduces a new vertical

"The largest component of growth came from sales in the Asia Pacific region, which included the successful deployment of one of the largest and most technically challenging systems in the Group's history. "

I too will add on weakness.

[philo124] 13/12/2013 08:19

Can understand sells in short term but in Sipp and I expect 760p -38eps next year so I will just hold; may add if goes to 560p

[dasv] 13/12/2013 08:18

2014 PEG of 0.8 - still meets zulu screen.

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
30-Nov-13 84.56 7.11 31.76p 18.9 0.9 +21% 8.50p 1.4%
30-Nov-14 91.59 8.51 38.25p 15.7 0.8 +20% 9.00p 1.5%

[wjccghcc] 13/12/2013 08:11

Looks ok. In line with forecasts which are for PBT to increase 28%. Also looks like revenue growth accelerated in H2 (FY+9% vs H1+6%).

[philo124] 13/12/2013 07:41

Interim trading update.

[kombimatec] 27/11/2013 07:15

A lot of what appears to be bed and breakfast type deals has been going on to crystallise profits I presume before next leap. Or could it be for some other reason?