Synectics Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Synectics Plc LSE:SNX London Ordinary Share GB0007156838 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 107.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
105.00 110.00 107.50 107.50 107.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Prof & Coml Eq & Supply-whsl 46.37 1.47 - 13.44 19.13
Last Trade Time Trade Type Trade Size Trade Price Currency
12:54:50 O 25,000 103.00 GBX

Synectics (SNX) Latest News

Synectics (SNX) Discussions and Chat

Synectics Forums and Chat

Date Time Title Posts
28/8/201818:15Synectics (SNX) One to Watch on Monday 3
17/7/201216:12Synexus - One To Watch127

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Synectics (SNX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-08 16:15:00103.0025,00025,750.00O

Synectics (SNX) Top Chat Posts

Top Posts
Posted at 22/5/2023 18:23 by arthur_lame_stocks
There's an article in the FT that might be of some interest to holders. It's behind a paywall but if you type "macau casinos mount comeback as mass market players return" into Google you should be able to read it. I'm not sure how much business SNX does there so if anyone knows please let me know.
Posted at 17/5/2023 09:47 by chrisdgb
The longer it stays at the wrong price, the more inevitable a bid will be.....
Posted at 09/5/2023 08:59 by chrisdgb
It is clearly the wrong price, in the short term there is a background seller to work through, then we can head to 150p in short order......
Posted at 09/5/2023 07:19 by ohisay
DSM today....Synectics saw its share price up by 18.2% in the period and contributed 1.5% to performance. This was a recognition of good order intake and new contract wins which included the most recent Saudi pipeline surveillance contract for GBP3.5m.
The analyst forecasts are underpinned by this contract's strength and therefore look to an EBITDA of GBP4.3m in 2023, implying an EV/EBITDA multiple of sub 5x. Next year (2024) this drops to sub 4x, delivering a 10% free cash flow yield.
Clearly the market is cynical on delivery of this, however, confidence from management and the arrival of a new chair has begun to attract attention to a company that has been overlooked by the market.

Posted at 27/3/2023 11:01 by ohisay
The Directors recommend the payment of a final dividend of 2.0p per share (2021: 1.5p). Subject to shareholders' approval at the Company's forthcoming Annual General Meeting, this will be paid on 5 May 2023 to shareholders on the register as at the close of business on 11 April 2023
Posted at 20/3/2023 10:19 by chrisdgb
Continues to be a crazy price and will probably be bought this year......
Posted at 13/12/2022 09:19 by ohisay

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.

Posted at 01/11/2022 08:07 by ohisay
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.

Posted at 02/11/2021 06:31 by simon gordon
Cheers Ohisay!

This seems to be the hidden gem and potential share price catalyst, be that order flow or prize asset in a take over:

'A critical strategic focus, addressing a new and growing market, these new Synergy systems are almost wholly software-based. They underpin the Group's objective of increasing earnings quality through a higher gross margin business mix and an increasing proportion of recurring and repeat revenue.'

-Interims: 13/7/21

Also got gaming sector to come back. All in all, the odds favour a higher share price in 12 months time.

Posted at 01/11/2021 09:47 by red ninja
downing-strategic-micro-cap half year report comment :-

Synectics recorded an unrealised loss of £0.77 million for the half-year period. This holding sits at an unrealised loss position of £1.96 million and we view it as one of the Covid laggards, where the market has not yet caught up with the positive initiatives taken through Covid. We expect the share price to reflect these initiatives and contract wins. If not, the M&A activity in the sector, where earnings multiples paid are way in excess of the 4x EBITDA that this company trades on, will surely be reflected in the valuation soon. Some of the highlights are below:

Over £2.4 million p.a. of cost savings;
3 multi-million pound project wins in the interim period; and
Significant improvement in prospects and cash generation.


Synectics share price data is direct from the London Stock Exchange
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