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SNX Synectics Plc

335.00
-25.00 (-6.94%)
Last Updated: 12:18:20
Delayed by 15 minutes
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
  -25.00 -6.94% 335.00 178,244 12:18:20
Bid Price Offer Price High Price Low Price Open Price
330.00 340.00 365.00 335.00 365.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Elec Apparatus & Equip-whsl 49.13M 2.16M 0.1281 26.15 60.8M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:48:53 O 1,500 337.40 GBX

Synectics (SNX) Latest News (4)

Synectics (SNX) Discussions and Chat

Synectics Forums and Chat

Date Time Title Posts
04/3/202512:39SYNECTICS829
03/11/201914:35SYNECTICS1
28/8/201817:15Synectics (SNX) One to Watch on Monday 3
17/7/201215:12Synexus - One To Watch127

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Synectics (SNX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:48:55337.401,5005,061.00O
12:46:14337.501,4794,991.63O
12:40:05344.902,0427,042.86O
12:36:53332.557502,494.13O
12:32:22332.555471,819.05O

Synectics (SNX) Top Chat Posts

Top Posts
Posted at 04/3/2025 08:20 by Synectics Daily Update
Synectics Plc is listed in the Elec Apparatus & Equip-whsl sector of the London Stock Exchange with ticker SNX. The last closing price for Synectics was 360p.
Synectics currently has 16,889,000 shares in issue. The market capitalisation of Synectics is £56,578,150.
Synectics has a price to earnings ratio (PE ratio) of 26.15.
This morning SNX shares opened at 365p
Posted at 26/2/2025 09:19 by basem1
Mmm interesting NT only to buy even 1000 shares Bid at mid price, chart looks perfect for the next leg too coming back to a level of support Just adding a few more now at NT 350
Posted at 24/2/2025 16:01 by leedsu36
On Tuesday 4th March, possibly one of the busiest days for SmallCaps reporting, one of my recent favourites, Synectics (LON:SNX) will be announcing its 2024 Final Results – and I am looking forward to hearing what the group has to say about its business going forward.

The Business

The Sheffield-based group is a leader in advanced security and surveillance systems that help protect people, property, communities, and assets around the world. 

It also has operations in Berlin, Macau, Singapore and in Wheat Ridge, Colorado.

The company’s expertise is in providing solutions for specific markets where security and surveillance are critical to operations.

Such markets include gaming, transport, public space, oil and gas, and critical infrastructure.̷9;

Its experience and technical excellence, combined with long-standing customer relationships, provides fundamental differentiation from mainstream suppliers and makes the company a stand-out in its field.  

Recent Contract Win

On Monday 27th January this year, the group followed up the award of several contracts late last year, with the announcement that it had been awarded a further contract, worth some $2.2m, for the professional services to deploy a Synergy upgrade and expansion at a major gaming resort in South-East Asia, one of the most successful and highest profile gaming resorts in the world.

Synectics will provide a comprehensive suite of professional services, including the project management and on-site commissioning required to upgrade the existing software and hardware infrastructure to enhance the customer’s security capabilities to meet its evolving operational needs.

This is not for a new client, in fact it has been working with this customer since 2014, and the contract is further to the $13.2m contracts awarded, in aggregate, in FY 2024 (June and September).

It is a complex project, with the customer’s system remaining in operation 24/7 throughout the upgrade, which is expected to be delivered predominantly in the current financial year.

Management Comment

CEO and CFO Amanda Larnder stated that:

“We are delighted to provide our professional services to such a prestigious and long-term customer in a market and territory in which we have significant experience.

This contract demonstrates the Customer’s confidence in Synectics’ end-to-end expertise required to deliver such an organisationally critical project and the commitment to our ongoing partnership.”

Analyst View

At Shore Capital Markets, its analyst Rob Sanders has estimates out for the group’s year to end-November 2024 showing £57.0m (£49.1m) revenues, lifting its adjusted pre-tax profits to £6.1m (£4.8m), with earnings of 20.3p (14.2p) and paying a dividend of 4.5p (3.0p) per share.

For the current year he looks for £61.7m sales, £5.0m profits, 23.9p earnings and a dividend per share of 6.5p.

The year to end November 2026, he estimates, could show £67.0m revenues, £6.1m profits, with earnings leaping to 29.0p per share, easily covering a dividend of 8.0p.

In a recent note on the group, Sanders states that:

“As the order book for FY25F and beyond continues to build, we believe that there remains the potential for a further significant uplift in group profits at some stage.

Indeed, the technology infrastructure in place provided by the Synergy command & control software platform gives the group the potential to deliver £10m of adj. EBIT at some point in the future, in our view.

Even though the share price has performed well over the last 12 months or so, we believe that the valuation metrics in the outer years, suggest there is scope for further significant share price upside.”

In My View

This is a cracking little business, with masses of potential business, especially outside of the UK.

Its global stretch is impressive, so too are its systems offering, which is why it is continuing to win more business – and once in situation it just rolls on as an income generator.

The shares have not moved too much since my first feature on the group way back at the start of this year, on Thursday 2nd January, then at 352p, since when they have been up to 370p and later suffered profit-taking in the technology rout taking them down to 311p, ahead of the recent steady climb back up to 366p at one point yesterday.

They are now 358p and look so appealing, I still anticipate a 50% rise in due course.

Perhaps the Finals being reported on 4th March will help the cause.
Posted at 23/2/2025 20:55 by value hound
"Share Tip: Synectics – this is a ‘clever technology business’ – its global marketplace offers so much potential, ahead of its 2024 Finals in two weeks"

Full article available via UK Investor magazine.

(I don't subscribe but do hold a few SNX that I'm running for free having sold half)
Posted at 18/2/2025 12:21 by rimau1
https://m.youtube.com/watch?v=iNnap-EbSIQSNX is near the beginning. No new insights but useful to reaffirm conviction
Posted at 09/2/2025 15:47 by leedsu36
There you go Mortimor, don't say i don't do owt....

Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, provides an update on trading for the year ended 30 November 2024 ("FY 2024")
The Company expects profit before tax for FY 2024 to be materially ahead of market expectations*, reflecting continued momentum in the second half of the year across all of its market verticals.

The Company ended FY 2024 with a strong order book, totalling approximately £37.8 million (31 May 2024: £30.2 million; 30 November 2023: £29.2 million), underpinning the Board's confidence for the year ending 30 November 2025.

Cash at 30 November 2024 was £9.6 million (31 May 2024: £6.4 million; 30 November 2023: £4.6 million), with undrawn bank facilities of £3.0 million.

Synectics expects to announce its audited results for FY 2024 in early March 2025.
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Posted at 27/1/2025 07:40 by rimau1
Totally agree, just consolidating after our strong share price rise in H2 IMO we should be rated at 20x very hard to buy on the minor dips which is a good sign.
Posted at 14/1/2025 01:55 by leedsu36
The sells yesterday @ £3.60 and £3.61 and we know for certain now that it's Whitehall, now Whitehall were at 30%, miles in front of the next largest shareholders.
The sells are being easily absorbed, the share price has not been affected, indeed it has rose slightly, and that's even against this market turmoil that's hitting the ftse etc.

So, there is a buyer, Whitehall have reduced down from 29% give or take, to 26% give or take, so the buyer possibly has 3%, maybe they haven't finished yet to have to report, but the good thing is that this is holding firm and still pi's are getting onboard with the smaller trades that we can see.
Whitehall are not killing the sp, they have probably said the price they'll let some go at, but are not daft, and imo not selling out. Why would they when in 8 weeks now they're looking at a 'materially ahead of expectations' results statement, and I have no doubt have spoke to the company.
Posted at 06/1/2025 21:52 by adamb1978
I couldnt find anything about them when I looked earlier, probably because they're based in Panama.

It could just be that with the share price run-up their SNX has become too alrge for their fund or risk appetite.

Or perhaps they've been selling shares in other companies, private or public.

Or maybe they need more liquidity and as a listed shareholding, SNX is a place to look.

Very difficult to even guess that their rationale might be for selling, and therefore whether the selling could continue, without any background on them
Posted at 09/12/2024 11:51 by leedsu36
So this year they have already hit £3.55p and now this trading update today with March 2025 to come.

Synectics Plc Ord 20p is listed on the London Stock Exchange trading with ticker code SNX.L. It has a market capitalisation of £59.53m, with approximately 16.77m shares in issue. Over the last year, Synectics share price has been traded in a range of 220.00, hitting a high of 355.00.
Posted at 04/11/2024 13:05 by boystown
Re-tipped by Simon Thompson today...

This technology stock keeps on delivering

A security and surveillance systems company has won yet more contracts to underpin another step change in profits that is simply not priced in

- £2.2mn additional contract wins with National Grid
- EPS set to double over three-year forecast period
- Cash-adjusted ratio set to fall to 9.5 within 12 months

Sheffield-based Synectics (SNX:265p), a leader in advanced security and surveillance systems to customers operating in technically and logistically demanding environments, has won further contracts with National Grid to protect its critical infrastructure across 12 sites.

In January 2024, the energy group awarded Synectics £4mn of additional contracts to deliver security improvement work across 13 new sites. The latest contract win means that Synectics’ technology is now deployed across 32 sites throughout National Grid’s estate. The company has a 30 November financial year-end, so the contract awards help underpin house broker Shore Capital’s expectations for the 2024-25 financial year, when analysts expect annual revenue to increase by 8 per cent to £60mn.

Furthermore, as I noted when I rated the shares a buy, at 233p, at the interim results (‘Another upgrade for this cash-generative tech stock’, 16 September 2024), order intake is underpinned by a raft of contracts for the installation of security and surveillance systems at casino resorts in Asia and further contract wins with oil and gas giant Saudi Aramco. Synectics has deployed more than 10,000 specialist COEX camera stations to safeguard oil and gas refineries, pipelines, offshore vessels, and platforms for industry giants including Saudi Aramco and Shell. The gaming and global oil and gas market account for a fifth and a quarter of annual revenue, respectively.

Accelerated earnings growth

It’s worth noting, too, that a leaner cost base following a restructuring programme, the natural operational leverage of the business and a tailwind from the recovering oil and gas market mean that the operating margin will expand in a positive revenue cycle. In fact, analysts expect pre-tax profit and earning per share (EPS) to increase by 28 per cent to £5mn and 23.9p, respectively, in the new financial year, or more than three times the growth rate of revenue. On this basis, the shares are trading on a modest forward price/earnings (PE) ratio of 11.

In addition, the business is highly cash generative, so much so that Shore Capital forecasts a doubling of annual free cash flow (FCF) to £4.8mn (27p), which underpins a bumper FCF yield of 10.3 per cent. It means that even if the board hike the dividend per share by 44 per cent to 6.5p at a cost of £1.2mn, as analysts predict, net cash will continue to build. Indeed, the house broker pencils in a near-50 per cent increase to £7mn (39p) in closing net cash in the 12 months to 30 November 2025, rising to £9.3mn (52p) a year later. On this basis, the cash-adjusted PE ratio could drop to 9.5 by this time next year, falling to 7.3 in November 2026.

That’s a modest rating for a company targeting end markets with high barriers to entry and in sectors that are often challenging to penetrate. For instance, Synectics' proprietary security and surveillance software manages and records more than 250,000 channels across 270 locations worldwide, including high-security environments such as town and city centres, stadiums, tourist attractions and critical infrastructure sites.

Synectics’ share price hit a seven-year high of 299p earlier this month after I suggested buying the shares in the summer, at 188p (Alpha Research: ‘Spying a small-cap profit opportunity’, 12 July 2024). I now feel that my upgraded fair valuation of 320p (up from 280p) is achievable to capture the anticipated doubling of EPS to 29p over the 2023-26 forecast period. Buy.
Synectics share price data is direct from the London Stock Exchange

Synectics Frequently Asked Questions (FAQ)

What is the current Synectics share price?
The current share price of Synectics is 335.00p
How many Synectics shares are in issue?
Synectics has 16,889,000 shares in issue
What is the market cap of Synectics?
The market capitalisation of Synectics is GBP 60.8M
What is the 1 year trading range for Synectics share price?
Synectics has traded in the range of 162.50p to 365.00p during the past year
What is the PE ratio of Synectics?
The price to earnings ratio of Synectics is 26.15
What is the cash to sales ratio of Synectics?
The cash to sales ratio of Synectics is 1.15
What is the reporting currency for Synectics?
Synectics reports financial results in GBP
What is the latest annual turnover for Synectics?
The latest annual turnover of Synectics is GBP 49.13M
What is the latest annual profit for Synectics?
The latest annual profit of Synectics is GBP 2.16M
What is the registered address of Synectics?
The registered address for Synectics is SYNECTICS HOUSE, 3–4 BROADFIELD CLOSE, SHEFFIELD, S8 0XN
What is the Synectics website address?
The website address for Synectics is www.synecticsplc.com
Which industry sector does Synectics operate in?
Synectics operates in the PROF & COML EQ & SUPPLY-WHSL sector