Synectics Share Discussion Threads

[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)

[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?

[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.