Syqic Share Discussion Threads

[loverat] 12/6/2014 10:15

This is going very low again on seemingly little volume. Anyone think there must be a large seller in the background? Tempted to buy here but difficult to call the bottom.

[cantrememberthis2] 12/6/2014 09:01

Strange radio silence regarding Share Price and sharp movements.

Average is not great.

Top up - late 20s? Surely not!

[the shuffle man] 11/6/2014 14:45

Couldnt resist averaging down at this level. Hopefully this will be near the bottom.

[dasv] 11/6/2014 13:42

snowydays - your point is valid in one way - why didn't PT nextnation Prisma have the money to pay SYQ immediately following the regulatory investigation?

However the IPO document doesn't differ from the current state of affairs - a payment plan for PT NextNation Prisma was announced in the IPO doc. They payment plan is not news post IPO. It was announced pre-IPO.

IPO doc:

"The Group's revenue in the first half of 2013 was significantly lower than the corresponding period for 2012.

This is largely attributable to the lagging impact of a one-off regulatory issue in Indonesia that emerged in late 2011 affecting all mobile service content providers in the country which indirectly affected the Group's contract with PT Nextnation Prisma, a key distribution partner for the Indonesian market. There was an industry-wide investigation by the Indonesian telecommunications regulator on the sale of add-on services to cellular end-users in Indonesia. This industry-wide investigation has since been concluded (without penalty on either the Group or PT Nextnation Prisma). The investigation however, resulted in delays in collections of revenue for sales from mobile operators by PT Nextnation Prisma. The Group took the decision to address the matter in early 2013 which included a temporary suspension of the Group's services in Indonesia to manage risk. A payment plan was agreed in April 2013 between the Group and PT Nextnation Prisma, to reduce the £2.4 million receivable from PT Nextnation Prisma as at 31 December 2012, which has since reduced to £2.0 million as at 30 September 2013. Services via PT Nextnation Prisma have since recommenced upon implementation of the payment plan."

[fairenough11] 11/6/2014 13:02

The IPO was well oversubscribed at 62p.The hunger for shares was high based on the IPO DOC so the INVESTORS were happy with what it included.

Some digging for negatives and a couple of sells,the fact of the matter is that the share price can also fly on just a few buys and we are 30%+ BELOW IPO SP,so some could be caught out as deals/news will follow in the not too distant future imo.

HIGHS---120P+.

[snowydays] 11/6/2014 12:08

There is something about that which does not make sense to me. The IPO documents said that the reason for the customer not paying on time was that there was an investigation by the Indonesian regulator. It implied that payments were frozen while the investigation was ongoing.

But if that is the case then the money should have been sitting in a bank account waiting to be paid once the regulators finished their investigation. Why did the customer not have the money?

[dasv] 11/6/2014 10:06

"I think the real problem / shareholder concern here is that 60% of their business is through a Malaysian partner"

The partner is PT NextNation Prisma. I believe they are Indonesian not Malaysian. PT NextNation Prisma are the license owners for Indonesia and are the conduit between SYQ and Indonesian telcos.

" who has not been paying them. " - they haven't missed one payment out of 11 so far - but yes they did not meet the standard timescales for payment - hence a payment plan for these trade receivables. Allenby assumes further payment plans will be required for this customer for 2014 revenue on top. Their note is worth a read (see this thread).

One of the advantages of Yoonic OTT is that SYQ will not have to sell via telcos. By selling direct to the consumer they cut out middle men and increase their margins further.

[fairenough11] 11/6/2014 09:59

SYQ Mcktcap £9Million????

Well placed in Asia to profit from this exponentially growing sector.Growth prospects are stunning imo.

[fairenough11] 11/6/2014 09:56

Big Paydays Ahead for OTT And Entire Digital Video Biz
by P.J. Bednarski, Jun 5, 2014, 1:01 PM

Pricewaterhouse Cooper's annual Global Entertainment and Media Outlook, is blindingly packed with numbers about the growth of digital but let's start with just this one:

PwC, in this report that aims to take a look at the world five years from now, predicts that over-the-top TV streaming will be a $10.1 billion segment in 2018, up from just $3.3 billion last year.

And in fact, the report, says home video, mainly driven by subscription video-on-demand purveyors like Netflix, HuluPlus and Amazon Prime and others, will take in $17.03 billion by 2018, from $7.34 billion in 2013. That's a good indication of why bigger and bigger players are entering the online space.

By 2017, the home video biz will finally overtake box office receipts, and at 43% of the total, will become the main contributor to filmed entertainment.....

[fairenough11] 10/6/2014 17:27

Hi Cyprus,

IPO well oversubscribed at 62p says the investors are not too concerned.

Give away under IPO share price imo.

[cyprussteve] 10/6/2014 17:23

Hi fairenough,
Thanks - very helpful.
I am surprised that the Company did not state this in their report on the accounts - I am sure this would have alleviated a major concern. I would prefer to hear it direct from the Company than via their brokers.
One could take the view that either the Company are VERY sure they will get their money back, or, that they were seriously imprudent in their judgement in letting such a large debt build up.
Regards
Steve

[fairenough11] 10/6/2014 17:20

At 49.5p" the market is essentially assuming that the company will never receive any of the payments due to it under the receivables plan----despite the fact that the company has received in full all of the last 11 payments."

[fairenough11] 10/6/2014 17:15

From Allenby:-

"At current levels we think the market is essentially assuming that the company will never receive any of the payments due to it under the receivables plan---despite the fact that the company has received in full all of the last 11 payments,For 2014 we forecast top line growth of 66% and on our revised earning we anticipate underlying PAT growth of over 200% to £1.8Million.At 49.5p the company is trading on just 6.4x 2014 earnings."

[cyprussteve] 10/6/2014 16:58

"Trade receivables increased to £3.7 million from £2.3 million in 2012. Of this amount £3.3 million is owed by one customer with which the Group has agreed a repayment plan under which the full amount will be repaid in monthly instalments by June 2016."
I think the real problem / shareholder concern here is that 60% of their business is through a Malaysian partner who has not been paying them. SYQ have agreed a repayment schedule for the old debt which is apparently being kept to, but the total debt is ~£3m. If the Malays default then SYQ is virtually bust. There is no note in the SYQ accounts to say what the situation on payments in the newer monthly recurring debts are (ie whether these are being paid on time).
I cannot find a balance sheet on the debtor's website which helps me to make an assessment of their cash position so ability to pay - maybe I am missing something ?
Can anyone else advise please.
Ciao
Steve

[fairenough11] 10/6/2014 09:40

ENTREPRENEURS 6/09/2014 @ 10:10AM 231 views
Digital Video And OTT Poised For Dramatic Growth


If you had any doubt about just how much internet delivered video was changing the entertainment economy – the latest data from Pricewaterhouse Coopers (PwC) consulting will open your eyes wide.

In the next seven years, the Entertainment and Media Outlook report that predicts that television's dominance of advertising is poised to give way to the Internet.

The report projects that TV advertising is poised to generate $173.7 billion worldwide in 2014 growing to $214.7 billion by 2018. Internet advertising in the same period will climb from $133 billion up to $194.5 billion.

The Report has some dramatic conclusions and predictions:

By 2018, 33% of total advertising revenue is forecast to be digital, compared to 17% of consumer revenue.
Mobile Internet is driving the change, with penetration reaching 55% in 2018, driving digital advertising to increase its share of total advertising revenue to 33% by 2018.
In 2013, US advertisers generated $7.08 billion in mobile Internet ad revenue, up 110.2% from 2012.
By 2016, mobile will overtake display to become the number two Internet advertising channel in the US.

[jollynews] 09/6/2014 15:03

SyQic (SYQ) Rumoured Bango Approach 80p
Posted by admin On June - 8 - 2014
SyQic, a Mobile TV Service (OTT) provider of live and on-demand international video content dubbed 'Yoonic', has entered a partnership with US mobile payments and analytics companyBango. This partnership, which is fully integrated , will allow global users...
hxxp://microcapicks.com/syqic-syq-rumoured-bango-approach-80p/

[jollynews] 09/6/2014 15:01

SYQIC EXPANDS ACROSS EUROPE WITH BANGO

Bango CEO Ray Anderson
Mobile payments technology from Bango in Cambridge UK is being leveraged by Asian company SyQic as it expands its video streaming services into Europe.
The client, headquartered in the Philippines, has tasked Bango to provide frictionless payment for customers accessing international live and on-demand video content via its Yoonic platform.
Yoonic serves international migrant audiences around the world with content from their 'home' countries. The partnership with Bango, which will be fully integrated in November, will allow global users of the Yoonic service to securely purchase a wide range of mobile international videos using a variety of payment methods, including operator billing, credit, debit and pre-paid cards.
Operator billing enables users to charge the cost of a purchase to their phone bill, often in one click, and is emerging as the payment method of choice for many of the giants of mobile, particularly in markets with relatively low credit card penetration.
The Yoonic service allows users to access videos 'on the go', leveraging on its ability to stream video content across a wide spectrum of telecoms networks. More than 70 'live' channels and 20,000 hours of video on demand embrace news, current affairs, sports, music concerts, movies and drama.
The content genres are available in over 17 languages ranging from Arabic, Punjabi and Hindi to Indonesian, Malaysian and Korean. SyQic continues to build on its content inventory and plans to have one of the largest repositories of international content in the world.
Yoonic is accessible via mobile devices, PCs and tablets – it will also incorporate social networking, blogging, and gaming to enhance the user experience in the coming months.
Bango's CEO Ray Anderson said: "Digital merchants of all kinds are embracing Bango operator billing as the fast-track to mobile monetisation. The democratised payment tool of phone and phone bill is perfectly suited to Yoonic's huge content portfolio and diverse customer base."
SyQic's current expansion into Europe is designed to serve as a bridge – bringing Asian content to the local and diaspora markets in Europe and European content to local and diaspora markets in Asia.

[jollynews] 09/6/2014 12:59

LSE then steve please as i dont post on any forums