Synectics Share Discussion Threads

[ohisay] 15/12/2023 08:08

As I mentioned before they've said there will be something in Februarys results for this.

[she-ra] 14/12/2023 16:16

I would like to know more about the Cedar Lane Technologies potential costs. However they do seem to be suing some very big companies over the same issue such as Motorola Solutions.

But they do have a history of success. Its a horrible thing they are running but people do need to be aware that they do this because they know they can make money.

[chrisdgb] 12/12/2023 11:28

Well, Downing always thought it was worth well over 200p....

[ohisay] 12/12/2023 10:09

Very positive too

[chrisdgb] 11/12/2023 09:49

Thanks, nice upgrade….

[ohisay] 11/12/2023 08:36

Shore comment..
Synectics, a leader in advanced security and surveillance systems, has released, in our view, an extremely encouraging trading update for the year ended 30 November 2023. The Company expects results for FY23F to be materially ahead of market expectations, reflecting strong trading in the second half, particularly in the Oil & Gas market.
Accordingly, we have upgraded our FY23F forecasts to adj. PBT of £2.8m (vs. £2.3m) on sales of £47.5m (vs. £45.4m). This leads to adj. EPS of 13.1p (vs. 10.9p). Net cash at 30 November 2023 was also ahead of our .forecast at £4.6m (vs. £4.2m) and there were undrawn bank facilities of £3.0m.

[chrisdgb] 11/12/2023 07:36

Even better to see the trading update today…..

[chrisdgb] 29/11/2023 07:49

Nice to see contract news.........

[ohisay] 27/11/2023 11:47

It does seem to be a fishing enterprise throwing its nets as far as it can .



I saw it dismissed in one of the investor meets broadcasts .But should hear more shortly ?

...29 mins in .

[brileyloucan] 24/11/2023 08:31

I don't know much but have managed to find

hxxps://dockets.justia.com/docket/texas/txwdce/6:2022cv00961/1189145

and

hxxps://insight.rpxcorp.com/litigation/txwdce-1189145-cedar-lane-technologies-v-synectics#overview

claims infringement of 3 patents. Cedar lane technologies appears to be a patent troll, but that doesn't mean they won't win. Any more info gratefully received.

I find the fact this hasn't been addressed by synectics frustrating, even if just to say they believe the case has no merit.

[dekle] 23/11/2023 23:42

Could you tell me more about the patent infringement please?

[brileyloucan] 23/11/2023 18:20

@ohisay, you've been in this a while. what are your thoughts on the patent infringement case and have you had any colour on this from management?

I've built a mid-sized position here but patent case and Downing overhang put me off going higher.

Thanks in advance
BL

[ohisay] 22/11/2023 12:40

Nibbled a few this morning..Ridiculously cheap.

[chrisdgb] 21/11/2023 15:59

the illiquidity does my head in......someone took 92.4p.....

[chrisdgb] 09/11/2023 07:41

Thank you, once again I will reiterate how frustrating the share price is...........

[ohisay] 09/11/2023 07:13

Synectics PLC (Synectics) (5.94% of net assets)

Cost: £3.98m Value: £2.02m

Background

Synectics is a leader in the design, integration, and support of advanced security and surveillance systems. The group has deep industry experience across gaming, energy, urban transport, public space and critical infrastructure projects. Its expert engineering teams work in partnership with customers to create integrated product and technology platforms, proven in the most complex and demanding operating environments.

Update to the investment case
► Target markets are strong and recovering

► Latest financial results demonstrate significant turnaround in performance

► Strong order book

► FY results expected to be in line with market expectations

Progress against investment case
Synectics announced its interim results for the six months ended 31 May 2023 and highlighted that revenue was £21.9m, 14% ahead of the same period the year prior. Underlying operating profit increased by 61% to £0.8m and underlying profit before tax was up 62% to £0.7m. Strength in the oil & gas market underpinned the strong results, with growth in other markets more modest. The group has a strong order book at £28.4m and the board expects significantly improved trading in the second half of its financial year. Synectics operates in markets that are strong and recovering, and the company has solid long-term growth potential, from a sound platform. The group possesses excellent technology in thriving global markets, including oil & gas, gaming, and public safety, which are experiencing renewed growth. With a robust financial position and a clear strategic direction, future success will be delivered by the execution of that strategy.

DSM comment today ....

[ohisay] 01/11/2023 04:16

Encouraging that they are prepared to pay such a premium

And Macao back to preCovid levels..

[ohisay] 16/10/2023 15:24

They dont have one as such but to reiterate their thinking ...
Using the 0.55x-0.7x 2019 EV/sales multiple range for Synectics would imply a share price of somewhere between 230p and 285p.

[chrisdgb] 16/10/2023 09:28

Do we know what their target price is?....thanks

[ohisay] 16/10/2023 08:30

Shore (House broker) after the Synergy update today.

Capital Markets Day scheduled for 15 November 2023 – While this is not expected to involve any new trading information two weeks ahead of the end of the FY23F it will provide an insight into Synergy. We would then expect to get an update on how FY23F has progressed in a trading update in December 2023.
Notwithstanding the macroeconomic concerns, in our view, as more normal trading conditions return, as we have highlighted throughout the last 12 months, there remains the potential for a significant uplift in profits, leading to even more compelling valuation metrics than those in the table below.

[chrisdgb] 10/10/2023 08:34

Can the price finally shake off the shackles...? If so, 150p pretty quickly.....

[arthur_lame_stocks] 09/10/2023 21:53

A flurry of small buys today and a tick up in price. As far as I know we're not due any news.

[chrisdgb] 28/9/2023 07:35

Nice additional contract, no financials......

[ohisay] 25/9/2023 09:36

Encouraging footfall numbers recently.