Synectics Share Discussion Threads

[she-ra] 28/10/2014 17:57

I'd like to know what the net debt stands at now.Hope they don't need a placing.

[pugugly] 28/10/2014 16:32

27 Oct finnCap Hold 170.00 550.00 210.00 Downgrades
27 Oct Westhouse Securities Buy 170.00 550.00 315.00 Under Review

If finnCap correct suggests still a lot more to fall.

[pugugly] 28/10/2014 16:29

A web search suggests they are a Panamanian Company.

[varies] 28/10/2014 14:45

Whitehall Associated S.A. seems to have bought 125,000 shares on 24 October, presumably at over 300p, to bring its holding to 2,497,500 or 14.04%.
If so, it is re-assuring to learn that gullible mugs here like myself were not alone in failing to see the bad news coming.
Does anyone remember who Whitehall Associated are ?

[luckymouse] 27/10/2014 18:48

Taken from the 29th July Interims:

Commenting on the results, John Shepherd, Chief Executive, said:
"Though trading in the first half of this year has been worse than expected, none of the fundamental factors which will drive profitable growth have changed. We continue to focus on delivering advanced proprietary integrated command and control systems to the most demanding global customers and invest in the intellectual property necessary to keep us ahead of the competition.

"The detailed reasons for the shortfall against expectations are set out in the Chairman's Statement and I firmly believe that those factors which are within our control have been properly addressed and will not recur.

"We have undertaken a thorough review of all projects to ensure there are no further material loss-making contracts and, now integration of the Systems division has been completed, there will be no more disruption to operations.

"We have not allowed these setbacks to slow progress against our strategic objectives, especially the launch of our integrated command and control software platform - Synergy 3, which is gaining significant interest in the market. We have seen strong growth in the Group's consolidated order book and qualified pipeline and are therefore well positioned to maximise the opportunities we can see in our chosen niche markets especially in the Middle and Far East.

"I expect a strong performance in the second half of this year and for that momentum to continue into 2015 and beyond."

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AMAZING mis-guidance! They were unlucky though as well - the oil price tanked about 1 week after they released the interims which they couldn't have known - that plus nervous geopoliticals has suddenly meant a lot of projects are on hold simply because theres less money and certainty around. Client project forward budget planners don't stack up.

www.4-traders.com/WTI-SPOT-2355639/

[varies] 27/10/2014 10:01

The interim statement issued on 29 July expressed strong confidence in profits for the second half, ie the period 1 June to 30 November, of which nearly two months had already passed. So this latest warning does come as a shock.
If there are any rays of sunshine here, I cannot see them.

[stegrego] 27/10/2014 08:08

Surely needs to drop much lower than current 270.

[davebowler] 29/7/2014 11:46

Westhouse;
Buy













SNX.L / 342.5p / £60.95m / TP: 550p













Event: Results issued













Likely % change in earnings forecasts: No Change














Interim results – much better second half expected

It is encouraging that Synectics expects a strong performance going forward after trading in the six months to end May 2014 proved even more difficult than had initially been anticipated. We make no changes to any of our adj. PBT forecasts implying £5m of adj. PBT in H2 2014 and making the uplift to £9.0m for FY2015 achievable in our view.

With a strong order book and sales pipeline we believe that the share price will improve as confidence in hitting our forecasts increases. We maintain our 550p target price and Buy rating.

[eggbaconandbubble] 25/6/2014 11:14

I'm gobsmacked that this appears to have come as a suprise to the market.
Surely as soon as Iraq kicked off didn't everyone bail out of any company who was operating there. Gulk Keystone etc.
Reading the trading statement very carefully, a couple of times infact, I think it is cushioning the blow for worse to come.

[valhamos] 25/6/2014 09:36

For a company that is a "leader in the design, integration, control and management of advanced surveillance technology and networked security systems" it seems remarkable that it is unable to get it own parts and systems working together.

The board's recent updates have given the impression that they are mere spectators not actually managing the company - poor management; gives AIM a bad name. Reluctant hold at these prices.

[cockerhoop] 25/6/2014 09:18

I take your point and I agree often contract management problems often become more widespread than when initially reported (RHL is a classic case). I would though rather the company admit failings and hopefully correct them than be in denial.

[dasv] 25/6/2014 08:26

yes but they admit ineptitude re: project management and cost overruns. It remains to be seen whether new measures taken will prevent similar problems in the future. Getting to be a value play at these levels with market cap falling below turnover. Enterprise value 74.6m versus market cap 75.8m

[cockerhoop] 25/6/2014 08:13

Obviously it's a unwelcome (to say the least) update but I think the company deserves some credit for the comprehensive nature of it, explaining clearly what the issues have been and taking responsibility for some of them.

Fairly encouraging order book (especially as they've just lopped £7m off it) - if it contains profitable orders :-)

[dasv] 25/6/2014 07:55

if bad news comes in three's I'd expect another bad one minimum to follow. awful update.

[vb79] 25/6/2014 07:48

Sorry, my mistake

[stegrego] 25/6/2014 07:46

Nope I think that is SNTY Synety

[vb79] 25/6/2014 07:35

Wasn't the main man from SNX at a Paul Scott investor evening very recently promoting the company?

[stegrego] 25/6/2014 07:33

Stonker of a profit warning that one. May be OK providing the pipeline comes good and they sort out internal controls, which seem very poor.

[davebowler] 28/5/2014 10:07

Westhouse;



SYNECTICS*
Buy













SNX.L / 420.0p / £74.74m / TP: 675p













Event: News report













Likely % change in earnings forecasts: No Change














Launch of Synergy 3

Synectics has announced the wide-scale roll-out of Synergy 3, its latest command and control platform. Synergy 3 is simple to deploy and integrate and its new functionality ensures it has applications across all of Synectics' target sectors. With customers able to select the right functionality to meet their needs, both businesses and organisations can grow their surveillance solutions organically.

As Synectics is "very excited by its potential" we would hope to see sales momentum build in the second half of FY2014 and beyond. We make no changes to any of our forecasts, 675p target price or Buy recommendation.

[davidcod] 30/4/2014 09:37

Breakout continues from yesterday:

1-yr (daily):


10-yr (weekly):

[davebowler] 30/4/2014 09:31

Westhouse;


AGM statement

Synectics has said that trading so far this year has been in line with management expectations. Given the order pipeline trading is anticipated to be more skewed to the second half of FY2014. More encouragingly, management now expects some of the new projects in the Far East to mature into substantial orders over the next six months. This follows on from the major contract won and delivered in Singapore in FY2013. This should enable profit growth to resume in FY2015.

At this stage we make no changes to any of our forecasts, our 675p target price or Buy recommendation