Synectics Share Discussion Threads

[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

[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:-


Thus the projections shown in your link are pre-Covid-19 and are no longer valid.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.

[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 .

[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.

[topnotch] 23/4/2020 08:48

Hmmm, doesn't get busy here does it?....

[arthur_lame_stocks] 19/4/2020 11:00

Well I don't expect things to be great for them for a while but I hope with quite a substantial pile of cash they are well placed to weather the storm and hopefully return to making operating profits of £5m a year in a couple of years time.

I don't know about Whitehall. I've not heard of them before and you're never going to find out much about them being as they are based in Panama. They could just be an investor or maybe they are more like private equity and will bid for the whole lot.

[dekle] 19/4/2020 10:33

Are Whitehall just an investor? Are they likely to buy a whole company? Problem for Synectics are a few fold including oil industry decline, bus security loss of contract and general lack of customers investing. Casinos have been their saviour up to now. This is all my opinion. I have held these for many years and hope I am completely wrong.

[arthur_lame_stocks] 19/4/2020 09:34

I bought a few more of these the other day. I think in normal times they are worth at least £2 a share and with a strong balance sheet they should be able to survive until things recover.

There is also the possibility of a bid from Whitehall.

[ny boy] 28/8/2018 17:15

Danieldanj..can you please add the charts in the header..tks

[ohisay] 28/8/2018 14:17

A bid target at some point - broker has a 3£ + PRICE TARGET on it

[ohisay] 17/7/2018 06:28

Excellent results with a good cash cushion.

[danieldanj] 16/7/2018 02:11

Synectics (SNX) Earnings-Reaction to Keep an Eye