Synectics Share Discussion Threads

[sharw] 07/2/2021 08:55

This is not news - it was announced by the company almost 3 months ago:

[jswift10] 06/2/2021 21:48

good news and a good read- any idea what date this was published please.

[f15jcm] 06/2/2021 14:02

Irish Rail contract win: hxxps://www.sourcesecurity.com/news/synectics-secures-ip-based-video-surveillance-systems-contract-irish-rail-co-1623-ga.1610965269.html?utm_source=SIc&utm_medium=Redirect&utm_campaign=Int%20Redirect%20Popup

[moreearl] 12/1/2021 10:45

Needs to break 130p first then will cruise to 150/160p. It could do with creating some good news momentum to show how cheap this looks

[value hound] 11/1/2021 16:06

Up over 11% on the day - anyone want to buy mine for 150p? I always sell too early!

[simon gordon] 07/1/2021 19:30

Smart Cities World - 7/1/21:

Berlin's S-Bahn smart rail project goes live

Teams based at S-Bahn’s ‘4S’ operational headquarters are able to connect, respond, and collaborate with passengers and staff on-board trains, at stations, and with field personnel.

[moreearl] 07/1/2021 14:29

Thanks Simon gordon - nice feels like this could the start of a decent run up. Seems to move quickly on low volumes so fingers crossed

[simon gordon] 03/1/2021 07:24

Got a mention in Yorkshire Post tips for 2021 - 1/1/21:

I’m going for surveillance firm Synectics, a company likely to see its shares soar as the world takes the first tentative steps back towards normality.

As the vaccine is rolled out globally, crowds will return to cities. Casinos, a key market for Synectics, will reopen.

New orders will start to land on the desk of Paul Webb, the company’s CEO, providing shareholders with shafts of light after a bleak period.

Last month, Synectics reported growing interest from figures behind large government-related urban transport and critical infrastructure projects.

Progress on the large and strategically important contract with Deutsche Bahn for Berlin’s S-Bahn has continued to go well, Synectics said. The contract is scheduled for deployment this month.

The need for surveillance will grow in these watchful times, so Synectics is set to prosper in 2021.

[simon gordon] 19/12/2020 21:28

Back in 2013 they did 7.1m PBT and 32.6p EPS. Then the price of oil fell and the share collapsed. Due to the casino sector succeeding the share got close to 300p but has since ebbed away as they have struggled to grow. The last six years have been pretty grim for shareholders.

Synergy 3 was launched in 2014 and looks to have taken until 2019 before landing a mega contract, which Downing say is worth £9m. SNX spend a lot on r&d but it doesn't seem to help the business grow rapidly or give much bang for the buck. Are the Chairman and CEO good capital allocators?

A big open question, can Synergy 3 now re-light the share price or will it be stuck between 100p and 200p in six years time?

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TU - 15/12/20:

There has been growing interest in the areas of development in which Synectics is continuing to invest, particularly from large government-related urban transport and critical infrastructure projects.

With our ongoing investment in advanced product development and deep customer relationships, Synectics is well positioned across our global markets for long-term success.  We remain confident in our growth prospects as our software and technology capabilities continue to open up new opportunities in evolving markets for our security and surveillance technology.

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Interims - 14/7/20:

Strategy
 
Important progress was made in the first half towards building on the recent market breakthroughs achieved by Synectics' Synergy platform in the field of security operations control for transport and infrastructure. The scale and complexity of such systems has meant that, up to now, the market has largely been supplied by very costly and inflexible bespoke software solutions. The latest versions of Synergy ;offer typically 75% - 90% of the required functionality in its standard commercial-off-the-shelf core modules, with only the limited remainder requiring bespoke software code. The available benefits to customers in cost, delivery timescales and, most importantly, project risk management, are considerable.

Following on from the Deutsche Bahn project won last year, and long-term work for BVG, also in Berlin, Synectics is in the process of bidding or preparing a small number of similar proposals elsewhere. As a result, positive engagement is underway with prospective customers as well as, critically, major IT systems integrators with global footprints. These latter potential partners will be key to enabling Synectics to increase the pace at which it can scale its market penetration.

[red ninja] 18/12/2020 21:03

Yep that would be the one, but then again name the fund manager who has a blemish less record. If you can they probably won't have in 20 years time. I seem to remember Neil Woodford had the best record, but not so great now. In truth buying at fund level is a lot harder that a PI who can reverse a position much more easily.

In fairness if there had been no Covid Downing UK Micro-Cap would be in a much better place.

[sharw] 18/12/2020 17:30

That is Judith MacKenzie whose Downing UK Micro-Cap (SNX in top ten holdings) has done so badly that it has been suspended.

See

[simon gordon] 18/12/2020 17:27

Any thoughts on share price targets looking out to 2022 and 2023 if they start landing one or two big Synergy 3 contracts per year, casinos come back strong and the stripped back cost base ups margins?

[simon gordon] 18/12/2020 15:10

SNX discussed, starts 33 mins in....

Vox Markets - 18/12/20:

Judith MacKenzie of Downing LLP discusses her portfolio and predictions for 2021

[sharetips] 15/12/2020 21:09

Today even!!

[sharetips] 15/12/2020 21:09

Comment in city confidential tidsy

[sharetips] 15/12/2020 21:08

Not a bad statement today. Loads of potential for recovery next year and 2022

[simon gordon] 02/12/2020 11:21

Red,

Ah! So, Downing have it spread across various funds, as they're on the register holding 12.52%.

They are the kiss of death to most small caps they buy.

[red ninja] 02/12/2020 11:16

Downing UK Micro-Cap Synectics holding is 3.75% of 8.4 million = £315,000 of Synectics which is not huge.

Also it is not totally clear that they will close fund.

If they do they can perhaps sell as one transaction to another fund or sell over few days or weeks.

[simon gordon] 02/12/2020 07:56

2nd biggest shareholder in a pickle:

City Wire - 18/11/20

Downing UK Micro-Cap suspends as losses mount

Investors in the open-ended fund were blocked from trading earlier this month, with Maitland, the fund’s authorised corporate director (ACD), warning the fund was no longer viable ‘at its current size and liquidity profile’.

‘It is our opinion that the continued operation of the fund is therefore no longer in the best interests of investors,’ it said in a notice to investors.

Maitland is now evaluating ‘a range of options to ensure an outcome that is in the best interests of investors’, including rolling the portfolio into another fund.

‘If no viable solution is found within a reasonable timescale, the ACD will seek regulatory approval for an orderly winding up of the fund and a controlled liquidation of the assets. In this scenario, our aim will be to return cash to investors as soon as possible,’ it added.

Continued...

[jswift10] 19/11/2020 18:51

and always good when it happens on two days for three Directors

[jswift10] 18/11/2020 19:27

Always good to read that a Director is buying shares (RNS today price 1.02)

[ohisay] 17/11/2020 13:56

Market reacted badly to the recent update on Casinos but this sector should bounce back if vaccines rolled out successfully .

See this recent write up ...thanks to RN for heads up.



We considered trading first and have categorised each company based on the expected impact to earnings this year and next year. We have made these estimations based on what we know from the initial hard lockdown and furlough schemes, and subsequently the localised lockdowns which are currently rolling across different countries. We haven’t assumed any vaccine in 2021.
Trading outcomes differ significantly. For example, Synectics has been negatively affected by the closure of casino sites globally but has still managed to win new contracts in this sector during COVID. As casinos are experiencing low footfall, these deployments have been delayed. However, Synectics has managed to maintain a baseload of work in public sector monitoring and has won new rail infrastructure and transport, and oil and gas contracts during COVID. We do expect casinos to reopen, but we must take a view that a second wave could have a negative impact on next year’s earnings.
The business 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 ‘solutions’ 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.

Current cash of course is over £7m..

[moreearl] 17/11/2020 12:53

I'm in for first dabble. Struggling to see why this is valued so lowly at the moment

[ohisay] 17/11/2020 10:10

Still cheap ..World class long established company with an Ev of only £10m operating in a key area .

Synectics employs between 60 to 70 staff at its Sheffield head office and a large number of its research and development staff have been hired from local universities.

[ohisay] 09/11/2020 15:50

Another 30k today for me on the vaccine news .
Good news for SNX markets (Casinos,oil,public transport etc)