Synectics Share Discussion Threads

[arthur_lame_stocks] 09/2/2023 20:08

I don't think there's anything Downing can do without the agreement of Whitehall Associated.

[chrisdgb] 08/2/2023 15:56

Wonder if Downing are getting someone to bid for this, the same way as Adept, announced today.....

[ohisay] 03/1/2023 13:22

Yes I wonder if DSM are after increasing their position ..they have plenty of spare cash.

[chrisdgb] 03/1/2023 12:37

Wow, someone's paid up......

[ohisay] 03/1/2023 04:51

Re China casinos and specifically Macau ...things are not as bad as they once seemed, albeit they obviously have a short term problem with the latest covid outbreaks.



The casino industry all over the world took a hit with the pandemic. The brands that relied on land-based casinos took a blow, but once the situation was under control, they got back up again. A similar situation happened in Macau.

This region bounced back from the pandemic and introduced new measures to tackle it. Recently, the 6 casino operators in the region signed new contracts that let them continue their operations and introduce non-gaming operations to stabilize the economy. All they have to do now is implement these measures

The 6 operators that got a new license are SJM Holdings, Melco Resorts, Galaxy Entertainment, MGM China, Sands China, and Wynn Macau. They have agreed to the terms offered by the government and will implement them soon enough.
.

[arthur_lame_stocks] 02/1/2023 23:03

I have some shares here and think it's a quality company, however I think a bit of patience may be required before we see this return to fulfill its potential.

With China still locked down it's going to be some time before spending on casino projects gets back near to previous levels.

Hopefully O&G can pick up some of the slack and there is always a chance that the company will be sold.

[ohisay] 31/12/2022 04:44

Ah me too .
Current circa £15m EV for access to that disparate premium Customer base is just ridiculous .
One tip sheet I've seen has a target price of 155p ..wouldnt disagree with that at all.

[chrisdgb] 28/12/2022 09:53

One of my shares for 2023.........

[chrisdgb] 13/12/2022 09:32

All looks good here......

[ohisay] 13/12/2022 09:19

This is the new casino SNX has a contract for presumably ..

Nevertheless, in the last few weeks, the Company has been awarded a contract to provide the surveillance system for a large new-build casino resort in the Philippines, which is expected to be delivered next year. Further details of this project will be announced in the New Year once the detailed contract scope has been finalised.

Quite a vote of confidence in a small company like Synectics.

[ohisay] 12/12/2022 08:35

We should have some interims this week...

[ohisay] 02/11/2022 03:24

44 mins in ..
I have a lot of time for her..
Check out DSMs recent update ..a model of transparency and research for an investment trust,

[ohisay] 01/11/2022 08:13

Bought another 10k this morning too..

[chrisdgb] 01/11/2022 08:11

Punchy..........

[ohisay] 01/11/2022 08:07

from DSMs half year report today..

Update to the investment case
Covid recovery reorganisation yielding positive results
Latest financial results demonstrate significant turnaround in performance
Strong order book
New contract wins
Progress against investment case
Synectics has seen the impact of its reorganization through Covid
continuing to yield financial return. Over GBP2 million of annualised
cost savings were taken out of the business, leaving a leaner, more
efficient structure that is highly operationally geared. Recent interims
saw a substantial profit turn-around, booking profit before tax of
GBP0.5 million versus a loss of GBP0.8 million in the previous year.

This was accompanied by a healthy order book (at the end of May 2022)
of GBP29.6 million. We like how Synectics measures its order book
-- these are real signed orders; not pipeline orders. The cash of
GBP4.2 million (at end of May 2022) was higher than anticipated and
complements no bank debt and a GBP3 million undrawn facility.
New contract wins over the course of the last six months include those
in the oil and gas and infrastructure markets. These are all solution-based
contracts at good margins. We are confident that the business can
grow from here. While a recovery in the Asian gaming market may take
longer, the US is returning strongly, as is investment in oil and
gas which we had written off in our original thesis. This is a business
which used to generate over GBP80 million of revenues when the oil
price was strong.
In the last few months, the company readdressed the incentive plan
for management -- crudely put this means that management need to reach
a base EPS of 17.2p before any pay out and would receive a full incentive
at 24.36p EPS (starting hurdle of 11.87p). Reading this through, we
believe that a fair and modest price-earnings ratio is 12-15x for
this type of company -- therefore implying 292p/365p per share (before
valuing cash). The current share price of around 120p is therefore
significantly undervaluing the future value of the business in the
eyes of the board.

[chrisdgb] 21/10/2022 09:38

Dipped my toe this morning with a maiden position, hopefully I bring you guys luck...!

[ohisay] 10/7/2022 18:30

That was my 5k buy btw at 95p..

[ohisay] 27/5/2022 14:38

Its been mentioned a few times over the years actually.Its one of the reasons I have such a large holding ..its plainly undervalued.

[she-ra] 24/5/2022 14:22

So Synectics has an enterprise value of £15.2 million. Interesting. One wonders if this current valuation may have caught the attention of Motorola Solutions who have just acquired Videotec of Italy.

[matthew palmer] 08/5/2022 14:34

Anyone on TECHINVEST, I am wanting to form a group of similar minded people to discuss its views etc and information.

Click my name and send a note.

[ohisay] 25/4/2022 04:32

2022-04-07 ex div
paydate 2022-05-06 GBP 0.0150

1.5p dividend due on the 6th of course.

[ohisay] 20/4/2022 07:57

..Very solid update today.

[arthur_lame_stocks] 03/4/2022 08:49

I also bought some at sub 90p.

[ohisay] 03/4/2022 07:35

I look forward to you both buying substantially more then! A few months ago I seemed to be the only one buying sub 90p..