Synergia Energy Share Discussion Threads

[boadicea] 07/1/2004 09:27

French sale - Wise move, good news, imho.
Should be more able to move forward now.
Top-up time again.

[maut too] 07/1/2004 08:29

MRS Stock talk : Synstar exits France in buyout
07-Jan-2004 08:25
Synstar disposes of its French
operations, via a management buy-out,
for a cash outflow of #8.7m - less than
Arbuthnot's George O'Connor
anticipated.
France has long dragged on
profitability and speedy exit will be
welcomed.
Notes French business had little
managed service revenue. Impact already
factored into model although 2004 net
cash forecast cut to #10.9m.
Rates at buy and expects more
disposals.
At 0825 GMT, shares were flat at
63.5p. (NPF)

0825 GMT Jan 07 2004

[maut too] 07/1/2004 07:49

CAS Synstar : Completes French disposal
07-Jan-2004 07:27

Synstar reports today the completion
of the Synstar France sale.
In the company's statement on Dec. 2,
2003 of its preliminary results, the
board disclosed that it was in advanced
negotiations to sell its operations in
France. Following the Workers' Council
giving an opinion on the disposal,
Synstar has completed that sale to the
subsidiary's management team.
The consideration for the sale was a
cash payment of #0.2m. The net assets
at the time of sale were #10.0m. After
legal, redundancy and other costs, and
the write-off of goodwill through the
Group profit and loss account of #3.1m
(previously written off to reserves),
the sale of Synstar France will result
in a loss on disposal of #14.5m. The
cash effect of the sale is expected to
be an outflow of approximately #8.7m.
In addition, a small number of Business
Continuity contracts managed by Synstar
Belgium but executed in the main by
Synstar's french operations will be
assigned to the newly independent
Synstar France.
The disposal will bring an immediate
and beneficial effect on the operating
performance of the Group. Synstar
France reported operating losses of
#3.3m in the year ended Sep. 30, 2003
and, given the limited scope for
business development and cost
reduction, a similar scale of loss
could have been expected in the current
financial year.
Synstar France will join the
pan-European "Synstar Business Network"
as a financially sound and independent
business, and continue as a local
delivery partner that uses it's
processes and is tightly bound into
delivery infrastructure.
Synstar France had been a long-term
loss making business. In the year ended
Sep. 30 2003, Synstar France reported
turnover of #16.4m (2002: #17.1m) and
operating losses of #3.3m (2002: an
operating loss of #0.9m).
As a result, the Board believes that
the sale of Synstar France represents a
clean break from a loss making business
that will benefit the group both in
terms of improved operating performance
and increased management focus on the
group's continuing operations.

ICV Edited News from Dow Jones
0727 GMT Jan 07 2004

[maut too] 04/12/2003 14:50

CAS Synstar : Holding in company
04-Dec-2003 14:42
The Company today reveived notification
from Scottish Widows Investment
Partnership Limited that they are
interested in 6,866,698 ordinary shares
of 1p each in the Company ("Shares"),.
Of this interest, 6,226,757,
representing
approximately 3.83% of the Company's
issued share capital, comprise a
material and notifiable interest.
The notifcation is made on behalf of
Lloyds TSB Group plc, Lloyds TSB Bank
plc and Scottish Widows Group Limited,
who are also deemed to be interested in
the Shares, being companies within the
Lloyds TSB Group of companies.

ICV Edited News from Dow Jones
1442 GMT Dec 04 2003

[octopus100] 02/12/2003 11:38

What is that 5.2million for?

[maut too] 02/12/2003 11:21

heavy trades going through including a 5.2 million cross at the mid

[maut too] 02/12/2003 09:05

AFX-Focus) 2003-12-02 08:47 GMT: Synstar initiates divs with FY; selling French ops; plans 5 mln stg spend
LONDON (AFX) - Synstar PLC initiated dividend payments today with a 0.5 pence payout declared alongside results for the year to Sept 30 2003.
Chairman John Leighfield said: "This has been another good year of progress for the business with our existing business excluding France performing well in terms of gross margins, operating profits and cash generation."

The company announced today that it is in advanced negotiations for the sale of its French operations to management. If completed successfully, this action will improve the operating profitability of the group, Leighfield said.

Leighfield said there has been a recent acceleration of the pressure on margins in the group's traditional maintenance business but the strategy of offering integrated Managed Services to large companies is producing significant contracts with long-term revenue streams at good margins.

"The progress made this year and the next phases of our strategy that we are planning will position Synstar well for the future and hence the board's decision to begin paying dividends to shareholders," he said.

The group's next phase of its strategy includes a 5 mln stg investment in people and skills in the UK and Europe, which will be taken as an exceptional charge.

Turning to the figures for the year under review, the group said total operating profit was up 6 pct to 8.5 mln stg from 8.0 mln and pretax profit rose to 8.7 mln stg from 6.5 mln.

Net cash inflow before financing was up 17 pct to 9.8 mln stg from 8.4 mln.

It said the mixed performance in Continental Europe was counterbalanced by the strong performance in the core UK business where operating profits were up 44 pct to 13.7 mln stg from 9.5 mln.

[e-mail]

[maut too] 02/12/2003 08:02

good results with management looking to chop the bits that do not work and improve/expand the bits that do

[boadicea] 30/11/2003 13:51

Note: Results on Tuesday 2nd Dec.

[maut too] 26/11/2003 14:54

still ticking up on modest buying inc a mm buy ... with finals due any day soon - guess we can expect good news :-))

[maut too] 25/11/2003 10:01

no new news around - vols were high on Friday but surprisingly low yesterday albeit the market was a low volume day ... looks like a stock shortage - up today on low vol

[boadicea] 25/11/2003 09:30

Very quiet of late, but now seems to be starting another run up. Significant X-trades on Friday, and since then a series of 15/30k buys. Any whispers on the grape-vine?

[norcomm] 28/10/2003 11:20

octopus 100 stay for the mid term. will be up to £1 by xmas / Jan

[maut too] 28/10/2003 10:09

we seem to be at the bottom of the current trading range - you have to decide whether you are an investor or a trader

[octopus100] 28/10/2003 10:03

What is going on with this one bought in a few weeks ago on the back of news of directors buying into the company significantly and since then nothing in fact dropped off 10p - has anyone any thoughts on whether to bail out now or hold for the long term?

[maut too] 27/10/2003 11:15

I think it's just a recent slowing down of the tech market in general

[boadicea] 27/10/2003 11:01

Very muted - in fact nil - response to recent news and press comment this morning. (See previous two helpful posts). Not even the customary tick up from mm's. The profit forecast of jam postponed has been long known. Anyone have a comment on other possible reasons for current dullness?

[davidhel] 24/10/2003 20:01

Good:



LloydsTSB hands "multimillion" pound deal to Synstar

October 24 2003

by Andy McCue

Will link up 750 branches across the UK


LloydsTSB is to replace the network cabling across its 750 branches in the UK in a "multi-million" pound deal with Synstar.

Inconsistency in service delivery across branches after the merger of Lloyds and TSB was one of the key drivers in the bank's decision to deploy the new cabling infrastructure.

Synstar, which beat off competition from four other companies in the competitive tender process, will install an Ortronics Cat6 Structured cabling network, with the first phase of 293 branches due to go live by 12 December this year. The remaining 457 will go live by 31 March 2004.

Paul Strickland, project manager at LloydsTSB, said in a statement that the bank has set tight timescales for the installation and that Synstar's "significant experience" of similar projects with another major high-street bank is key to ensuring minimal disruption to the branches in the run up to the busy Chrismas period.

[maut too] 24/10/2003 10:43

Arbuthnot Securities has upgraded its rating for Fibernet to buy from add and has a long position in Chrysalis and a short position in Capital Radio after the Rajar numbers. The broker has a buy ratings for Blacks Leisure, Northgate, AIT and Synstar but a reduce rating for Shanks Group. Arbuthnot recommends buying rail maintenance contractors Carrillion, Amec, Amey and Balfour Beatty on weakness.

[boadicea] 21/10/2003 16:41

norcomm - You have inside or private information then? Perhaps you could share it - after you have bought your fill, of course.

[norcomm] 21/10/2003 11:13

these will be up and over £1 by xmas

[maut two] 17/10/2003 08:41

Investors move in for Synstar
17 October 2003, Evening Standard

HREWD investors have moved in for IT group Synstar since it signed one of its largest-ever deals last month. Recent buyers include Citywire AAA-rated Unicorn fund manager* Peter Webb, A-rated Rathbone manager Carl Stick and the smaller companies team at Aberforth. But Synstar has warned full-year results will be at the lower end of City forecasts.

[maut two] 17/10/2003 08:41

Investors move in for Synstar
17 October 2003, Evening Standard

HREWD investors have moved in for IT group Synstar since it signed one of its largest-ever deals last month. Recent buyers include Citywire AAA-rated Unicorn fund manager* Peter Webb, A-rated Rathbone manager Carl Stick and the smaller companies team at Aberforth. But Synstar has warned full-year results will be at the lower end of City forecasts.