Synergia Energy Share Discussion Threads

[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

[chaddz] 07/5/2004 11:04

I am still holding on to my stake in these boys. I think the company is a well run, well managed company with an eye to the future. These are volatile times in world markets, and it takes time to build a quality business when clients are nervous.

The product offerings fit well with the way the computing indistry is been driven and providing Synstar can win it's fair share of contracts I am sure this company will do well in the longer term.

A quality buy and hold stock for me.

[maut too] 06/5/2004 07:40

h1 on the ist of June

[intco] 05/5/2004 16:03

maut too.

It keeps stumbling at the 80p mark, looks like it will need a good set of results to take it any higher, I'll wait for them before I buy anymore.

[maut too] 05/5/2004 11:38

Must admit I am doing okay - I hold some and trade some - last trade showing a 10% gain and my holding has almost doubled. They are a little slow - probably because they are not a well traded retail stock but mostly institutions etc

[intco] 05/5/2004 11:34

maut too.

Still can't believe the price compared to some other stocks on the market, I wish I'd never set eyes on this company, makes everything else in my portfolio look expensive.

[maut too] 05/5/2004 08:56

vols were relatively high again yesterday - good start thi morning with a tick up on the bid - 5/8 mm's are blue and 1.2

[timtom2] 29/4/2004 15:21

Don't follow Robbie Burns with a stock like Syn - he trades in/out - this is one for the patient and anyone in < 70p will do very well if they hold for a while and the value and changes start to show through.

[maut too] 29/4/2004 13:38

I can understand that Intco - it was quite a dip

Bet the guy who writes in the paper on sunay is upset - he keeps reminding us he sold :-))

[intco] 29/4/2004 13:35

Cheers maut too.

Looking good for the next two years, I wish I'd bought more now, lost confidence with the last drop.

: ((

[maut too] 29/4/2004 13:24

a month to go before HI - still tickingup ahead of US preopen - L2 mm's are all blue

not sure if I posted this at the time

13.04.04 :+0, (71) upgraded to 'buy' from 'neutral', at Panmure Gordon, who also hiked their price target to 85 pence from 65. The move was based on the group's recent announcement that it had brought a large contact forward by a year. This will materially impact earnings in 2005, the broker said. In addition, Synstar should see some benefit from its restructuring programme which is nearly complete.

[maut too] 29/4/2004 12:48

still moving up on high vols - bigger trades mostly

+1.5, (76.5) at 12:10pm
29.04.04 :an article in the Guardian reports: the shares rose 1p to 75p amid rumours of a large contract win from a German logistics group.

[intco] 29/4/2004 12:14

Nice, class is showing through at last.

: ))

[maut too] 29/4/2004 11:33

big cross at the offer and a tick up on the bid

[maut too] 26/4/2004 10:08

lots of vol again and a small tick up on the bid

[maut too] 23/4/2004 11:52

yes ... they are coming back into fashion :-))

[sdjames] 23/4/2004 11:47

received a divi this week...which was nice.

[maut too] 22/4/2004 11:10

+0, (73) at 09:10pm
22.04.04 :an article in the Independent reports: the shares were unchanged at 73p despite rumours that the group is close to winning a logistics services contract from a German company.

[maut too] 21/4/2004 15:46

some big trades going though and we do seem to be ticking up a little slowly but surely