Synergia Energy Share Discussion Threads

[vmax] 03/12/2002 18:05

see rns news @ 16.40

[ainsoph] 03/12/2002 16:11

cannot find any news or rumour even ..... the two 200K trades look like a roll over - L2 all blue with everyone on same quotes more or less. I am surprised at lack of interest in this stock but gets little media coverage.



ains

[addict] 03/12/2002 16:02

ains,
Not 8 letters?Anyway,the transparency of the markets means the MM's resort to ever more 'skillful' tactics to keep everyone guessing so we wait for the RNS's.Anyone trying to trade today must have had an interesting time if my experience was typical.

[ainsoph] 03/12/2002 15:52

I always think of a 9 letter word when someone says that :-)) but assume we are talking m+a activity ..... has to be a holding ann tomorrow. Not gone up enough for the volume - maybe matching trades later or morning.



ains

[addict] 03/12/2002 15:38

Are you serious?But I know nothing..

[addict] 03/12/2002 15:26

ains,
Dare we suggest the 'b' word...LOL!

[ainsoph] 03/12/2002 14:46

agreed ..... personally - my time is with TWT at the moment but will look around for some news later


ains

[addict] 03/12/2002 14:25

Mmmm-too many punch drunk BB followers methinks.Incredible that today's trades/share price movement haven't generated more interest.

[addict] 03/12/2002 13:05

Watch this space.

[ainsoph] 29/11/2002 18:32

Hi Boadicea

In these markets I am happy with a realistic forward growth forcast of 6/7% and agree with your thoughts this should easily be exceeded if all goes well. They are containing costs at worse and still looking to reduce work units and therefore assume a lot of the additional revenue will filter through to the bottom line.

CS are one of the few brokers I do not use but currently there are 7 mm's with actual spreads of between 4/5p. Clearly it depends on the competative market situation for the actual touch prices at any one time but would have thought you should easily
get between a half and a penny within the spread both ways. I am holding for the longer term rather than trading this stock and try to accumulate in the dips. I am sure they will outperform the sector as time goes by.

Incidently I saw an interesting program on your namesake recently on one of the cable channels :-))

ainsoph

[boadicea] 29/11/2002 17:21

Thanks ainsoph.
"....growth of 6 to 7% p.a...."
This doesn't seem ambtious, but if it's realistic in present circumstances there will be more credit for exceeding a modest target than missing a higher one. The question, of course, is what will it do for profits?

The price looks stable at the moment so I am adding a few more as a longer term hold and will contemplate averaging if it comes back significantly without corresponding reason.

Incidentally, the spread quoted at close on advfn is a horrible 58-61, and on Schwab it's 57-62! I have noticed this effect on other stocks recently - Are CS losing touch?
Further, it hasn't moved all day and I bought at 60.5 (and I'm not Steve Vaughan).
Moral is, always put a limit on - well nearly always - and be patient! This is obviously one of those stocks which can often be bought inside the quoted spread.
imho, dyor etc.

Boad.

[ainsoph] 29/11/2002 07:35

Not much coverage and I missed this on the day


Synstar Posts FY Profit After Selling Swiss Unit (Update2)
By Duncan Hooper

Bracknell, England, Nov. 27 (Bloomberg) -- Synstar Plc, a U.K. provider of back-up computer systems, posted a full-year profit after it sold an unprofitable Swiss unit.

Net income for the 12 months ended Sept. 30 was 3.97 million pounds ($6.2 million), or 2.4 pence a share, compared with a loss of 22.4 million pounds, 13.8p, a year earlier. Its shares rose 1p, or 1.7 percent, to 59.5p.

``I'm happy that we're the right size and growing,'' Chief Executive Officer Steve Vaughan said in an interview. ``We think we can see growth rates in our business of 6 to 7 percent for the next few years.''

Revenue from continuing operations rose 1 percent to 222 million after the company stopped selling items such as computers and printers, which were worth between 9 million and 10 million pounds a year in sales, Vaughan said.

Itris Maintenance AG bought Synstar's Swiss business in February for 300,000 pounds.

In September Synstar said it won a five-year, 120 million- pound contract, its largest ever, to provide computer services to Computer Sciences Corp.

The company offers data recovery and back-up systems to clients including Allied Irish Banks Plc and Vodafone Plc so that they can continue operating when their own computer systems fail.

In 2001 Synstar wrote down 10.4 million pounds from its purchase of Lancare. Vaughan doesn't expect any more significant charges.

[ainsoph] 28/11/2002 21:45

I would say very much a vote of confidence - top price in recent times.



ains

[boadicea] 28/11/2002 21:38

LONDON (AFX) - Synstar PLC said chief executive Steve Vaughan has bought
49,180 shares or 0.03 pct of the company at 60.5 pence each.
[e-mail]

i.e. £30,000
I think we can assume he knows what he's doing!

Boad.

[ainsoph] 28/11/2002 11:30

director buy of 49180 @ 60.5p




ains

[ainsoph] 27/11/2002 07:48

Just reading through quickly as there is a lot to digest - I can only see good things almost without exception. i tend to go to the forward comments after reading the headline figures and once again I am impressed


'By any standards, the second half of 2001/2 was an eventful period for Synstar
sales. We have increased our forward order book from #230m at 31 March 2002 to
#319m. In September we signed our biggest ever contract, a 5 year, #120m
maintenance and managed service agreement with CSC. We also signed our first '
total customer' - Westland Helicopters now buys every service line that we sell,
under a #21m, six-year agreement. We now provide virtually all its
infrastructure support.

For the first time, Synstar has a sales force with the range of support it needs
to take on leading competitors and win. At Westland, we were on the shortlist
against IBM and EDS. The customer stated that we were selected because "proven
track record, innovative and flexible approach to resolving business issues and
expertise for delivering high value business availability services". At Avecia,
which also signed a multi-year, multi-service line contract with us in
September, the customer declared, "Synstar demonstrated considerable flexibility
in the provision of a comprehensive range of IT services, which is key to our
requirements. We were also impressed by its wide breadth of coverage and
ability to provide the services we require directly rather than engaging third
parties". This is a major and very welcome change in perception'


They have delivered and promise to continue delivering on all fronts - sales - costs - strategy - profits ......

personally very pleased.



ains

[ainsoph] 27/11/2002 07:40

Not a lot of volume yesterday and the markets were down ...... anyway time for a read


ains

[boadicea] 27/11/2002 07:19

Disappointing tick down yesterday, I suppose from those thinking the expectation was outstripping the fact. We can now judge for ourselves. The statement is certainly upbeat and I await analytical comment. Quote....

RNS Number:3263E
Synstar PLC
27 November 2002

27 November 2002

Synstar plc

Preliminary Results for the year ended 30 September 2002

Highlights:

* Preliminary results better than expectations:
* Operating profit before goodwill and exceptional items #8.0m (2001:
#4.6m)
* Turnover #221.9m (2001: #238.2m), reflecting withdrawal from
unprofitable geographies. Growth from continuing operations 1%.
* Cash generation #8.4m (2001: #1.8m) producing net cash of #16.4m
(2001: #8.0m)
* Adjusted EPS trebled to 3.4p (2001: 1.1p)
* ROCE trebled from 5% to 15%; Group now value generating
* Order book increased by 46% to #319m (2001: #219m)

* Substantial benefits from the successful implementation of the staged
recovery plan:
* Largest ever single contract, with CSC (#120m over 5 years)
* First 'total customer' contract, with Westland Helicopters
* Increase in the number of customers taking multiple services
* Significant renewals of major contracts on a long term basis
(eg BA, ITNet, Renault, HSBC, Shell)
* Outstanding customer satisfaction ratings
* Company positioning itself as a trusted partner for infrastructure
managed services
* Additions to executive management team
* New Business Continuity facility in Frankfurt
* Expect to meet market forecasts for the current year
_____________
Boad.

[ainsoph] 22/11/2002 14:36

Resistance at around 65p according to my chart - but the right news will soon see us through



ains

[boadicea] 22/11/2002 14:13

Now up another .5p mainly due to a widening spread. Oh those MM's always wanting it both ways! Tough on the DT's, which fortunately I'm not.
We're within 5 days of announcement so I suppose it's only to be expected.
I note that analysts' concensus is generally positive and rising over the past month. Worth hanging in, imho.
Good luck all!
Boad.

[ainsoph] 22/11/2002 11:32

Still ticking up @ 58/60p

[boadicea] 20/11/2002 23:41

Results to 30.9.02 are due on 27th Nov.
They have said (see Ainsoph post 56) that they should be able to meet market expectations.
That, with a little more encouraging sales news ought to lift the price imo.
In fact I wouldn't be surprised to see some movement in the next day or two.
I am assuming volume should feed through strongly to the bottom line.
But, as always, dyor.
Boad.

[norcomm] 10/11/2002 09:09

the trend shows up to £1 by jan

[ainsoph] 07/11/2002 14:55

600k cross at the new mid price looks promising .....