Synergia Energy Share Discussion Threads

[maut too] 01/7/2004 09:26

moving up strongly today on lowish volume

[maut too] 27/6/2004 10:49

Has been moving up over the last few days - pone of the favourites picked by the BrainsTrust as discussed in todays Telegraph

[timtom2] 23/6/2004 12:13

Nice one isn't it ! But when will the market wake-up to the potential or a buyer appear. Can't waitto see Syn prove the strategy with results and the stock price move accordingly. Don't sell too soon !

[maut too] 23/6/2004 07:59

LONDON (AFX) - Synstar PLC said it has signed a full Managed IT Services contract with Avecia, a global fine and specialty chemicals company.
This will increase the value of Synstar's relationship with Avecia to some 19 mln stg in the next 3 years.


Under the terms of this additional contract, which begins on July 1 2004, Synstar will be providing IT infrastructure and applications support to Avecia's key locations. As part of the agreement, 54 Avecia staff and some full-time contractors will transfer to Synstar.

The agreement provides for a possible extension of a further three years after the initial three-year contract period.

Synstar chief executive Steve Vaughan said the contract will help the company deliver on its plans for profit improvement driven by revenue growth.

[e-mail]

slm/

[maut too] 23/6/2004 07:48

CAS Synstar : Signs IT svcs deal with Avecia
23-Jun-2004 07:45
Synstar today announces that it has
signed a full Managed IT Services
contract with Avecia, a global fine and
specialty chemicals company.
Synstar said that this will increase
the value of its relationship with
Avecia to circa GBP19 million in the
next 3 years.

More to follow...

ICV Edited News from Dow Jones
0645 GMT Jun 23 2004

[maut too] 22/6/2004 20:11

CAS Synstar : Holding in company
22-Jun-2004 17:27

The Company today received
notification, dated Jun. 21, 2004, from
Aberforth Smaller Companies Trust of a
notifiable holding of 6,532,200
ordinary shares (4.01%).
The Company today received further
notification, dated Jun. 22, 2004, from
Aberforth Partners that Aberforth has a
notifiable holding of 17,213,731 Shares
(10.57%).

ICV Edited News from Dow Jones
1627 GMT Jun 22 2004

[boadicea] 14/6/2004 08:44

chrissey - You may be right, but I've already tied up the released funds in JMAT, which was also tipped in same article, and in RTD.

[boadicea] 13/6/2004 14:57

I see that some opinion is contrary to mine (above). Glad to post for balance.

Sunday Telegraph -
"Software and computer services group Synstar seems to be one of the brightest small technology companies to have joined the stock market in recent years. After a difficult period of restructuring it is benefiting from a new approach based on managed services. Buy at 69p."

[boadicea] 10/6/2004 20:19

I sold out on the profit set-back in the expectation of a gradual sag during the summer doldrums and with a view to possibly buying back in later. Although I consider the price has been surprisingly resilient until today, I would not be surprised to see 60p tested in due course (July/August) unless more encouraging news intervenes. In a poor market it could even retest 52p imho.
Anyway, I want sub 60p to consider a re-entry.
Good luck to all who hold.

[timtom2] 02/6/2004 12:28

It's still a hold - can't see what has really changed as we all new the jam would be when the newer contracts kick-in which hasn't happened yet. It will.

[maut too] 02/6/2004 07:38

that seems odd

[janus62] 02/6/2004 07:29

Disaster Recovery group Synstar announced a 41% slump in underlying first half pre-tax profits to 2.235 million pounds but promised that revenues for the rest of the year would grow by 8-10% helped by the mammoth new Fujitsu contract. WestLB reckons that in marking the shares down by 1p to 73p the City got it wrong and set an 85p fair value as it reiterated its "buy" stance but Arbuthnot reckons that the shares are still overvalued and advised its clients to "sell."

UK-Analyst.com

[maut too] 02/6/2004 07:26

01.06.04 :-1, (73) delivered first half results which failed to excite the market, though analysts remained broadly positive on the company. Earlier, the company posted a 41% drop in underlying profit in the six months to March 31, on turnover down 3.3% to 107.8m, well short of the 111.4m forecast by house broker Arbuthnot. However, analyst George O'Connor repeated his 'buy' recommendation on the stock, describing the 13.8 multiple of 2005 earnings the shares are trading on as "pedestrian". Fellow broker Panmure Gordon, which also rates the stock a 'buy', said the results were "reasonably solid". It has an 85 pence share price target.

[maut too] 01/6/2004 12:46

I closed one small trade at a modest profit after the market seems less than impressed. I still hold lots however as I think it was the way the story has been put across rather than the story itself

[thamestrader] 01/6/2004 12:34

not impressed.
sold at zero profit.

[maut too] 01/6/2004 08:00

CAS Synstar : Restructuring almost complete
01-Jun-2004 07:58

Synstar today said its pretax loss for
the 6 months to March 31, 2004, was
#14.5m, compared with a year-earlier
profit of #3.8m.
Steve Vaughan, chief executive, said:
"Phases four and five of our plan are
no less ambitious than the first three
phases, completed last December. The
restructuring is nearing completion and
has so far been delivered successfully.

"We are now securing the right sort of
pipeline to deliver on our commitments
in Phase five for turnover growth.
"Our contract wins showed good
momentum in the first half and look set
to continue in the second half. Our
additional contract for Fujitsu
Logistics, announced in April, and the
pipeline of Managed Services deals
suggest that Synstar should be able to
achieve turnover growth on continuing
operations of about 8-10% in the
current financial year, and also in
2005.
"I am hopeful that the realignment of
the business will help in maintaining
relatively stable margins going
forward.
"We are clearly pleased that so much
is being achieved during this period of
significant change with both the
emphasis on Managed Services and our
new logistics business providing a
solid foundation for future revenue
growth in the second half and
thereafter."
John Leighfield, chairman of Synstar,
said: "This is a resilient financial
performance given the extent of change
in Synstar's business over the past six
months. The management's focus has been
on moving the company towards higher
margin Managed Services contracts and
we have invested heavily to achieve
this.
"The changes effected during this
financial period give us a strong base
for the full year and the longer term
market leadership aspirations of the
business."

ICV Edited News from Dow Jones
0658 GMT Jun 01 2004

[maut too] 01/6/2004 07:51

LONDON (AFX) - Synstar PLC posted a 41 pct drop in underlying profit in the six months to March 31 as the UK IT services company attempted to reposition itself in the face of ongoing erosion of profit margins in certain areas of its business.

Synstar said pretax profit from continuing operations, before exceptional items, fell to 2.235 mln stg from 3.797 mln in the year earlier period, while sales inched 0.9 pct higher to 102.8 mln on a continuing basis.

But the company painted an upbeat assessment of its prospects, predicting that revenues will grow by between 8-10 pct this year and next.

rhb

[intco] 11/5/2004 20:12

maut too.

That Michael Jackson is lucky, he managed to sell his holding in ID Data at 12p, just before they crashed to 5.25p.

[maut too] 11/5/2004 09:29

for interest


Sage brightens IT prospects
James Rossiter, Evening Standard
11 May 2004

AGE, Britain's biggest software company, today bolstered the confidence in the wider IT sector as it turned in half-year figures showing strong underlying sales growth.



Providing detailed figures behind the 17% surge in interim pre-tax profits outlined in a trading statement last month, chairman Michael Jackson said he viewed 2004 with confidence as existing business showed no let-up in consumers' desire to upgrade their Sage software packages.


Sage has more than 4m small and medium-sized business customers who bought 226,000 additional licences in the six months to 31 March, helping drive up software revenues 15% in the period to £124.7m and represented 38% of group revenues.


This helped boost overall group revenue 23% to £332.5m which has also been aided by four acquisitions during the period. Jackson said: 'These results show the underlying revenue growth compared to recent reporting periods.


'They also show the early contribution from our four recent acquisitions where integration into the group is proceeding swiftly and effectively.


'While market conditions are substantially unchanged, these results show that our growth strategy is gaining momentum in each of our core markets.'


Services revenues, which accounts for 62% of revenues, grew 29% to £207.8m. Stripping out the effect of new business purchases and overall like-for-like sales grew 3%. The interim dividend* rises 10% to 0.611p.

[maut too] 07/5/2004 15:51

CAS Synstar : Holding in company
07-May-2004 15:37
Following the disposal of 100,000
ordinary shares of 1p each in the
Company, the AEGON UK plc Group of
Companies no longer has a notifiable
interest in the Company's issued
ordinary shares.

ICV Edited News from Dow Jones
1437 GMT May 07 2004