Syqic Share Discussion Threads

[m1das_touch] 13/6/2014 07:45

Yes, excellent update. Basically we already have 75% of last year's revenue before the half-way stage this year. Reassurances on the Indonesian telco customer's payments are welcome too, plus a promise of more good news to come in the coming weeks.

This should stop the rot and lead to a nice bounce after the recent savaging of the share-price. I bought some at 39.5p - too early with the benefit of hindsight, but never easy to time these things when a share-price is dropping like a stone on low volumes for no apparent reason.

[fairenough11] 13/6/2014 07:44

I really like the potential here and we are sat on a Mckcap of barely £9m??

With things going so well this cannot continue---Expect a re rate!

[loverat] 13/6/2014 07:43

Indeed - I think they had to put out a statement to clarify that everything is on track. Agree - very positive and hopefully should see a significant turnaround in the share price

Just shows you that in alot of cases of an unexplained fall in share price there is nothing actually wrong.

[eric76] 13/6/2014 07:35

Agreed, very positive update and hats off to them with the timing too. It was a great way to address the fall off in the share price imo.

[fairenough11] 13/6/2014 07:28

What a great UPDATE.

Further Growth all round.

"SyQic will be making a further positive announcement in relation to the Yoonic OTT service within the next few weeks."

I do hope no one was shorting SYQ because as you can see things are growing FAST,with more POSITIVES in the next few weeks.

CLEAR ENOUGH FOR EVERYONE?

[scruffee] 13/6/2014 07:21

i feel pounds coming on 150p by the end of june.

[the shuffle man] 13/6/2014 07:19

Look forward to further positive announcements in the next few weeks !

[professor x] 13/6/2014 07:15

Well that should put a few concerns to rest.

[scruffee] 13/6/2014 07:04

LIFT OFF


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SyQic PLC (SYQ)
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Friday 13 June, 2014
SyQic PLC
Trading update on YooMob Service
RNS Number : 5612J
SyQic PLC
13 June 2014




Press Release
13 June 2014


SyQic plc

("SyQic" or the "Group" or the "Company")

Trading update on YooMob Service and long-term receivable

SyQic plc (AIM:SYQ), a fast growing OTT provider of paid mobile video content across mobile and internet enabled consumer devices, is pleased to announce the following trading update in relation to the Group's core telco business, YooMob.

YooMob generated revenues of approximately £2.0 million (unaudited) in Q1 2012. Trading subsequent to that has been encouraging with combined revenues for April and May 2014 of just under £1.6 million (unaudited). The board anticipates that this upward trend will continue during the rest of the current financial year.

The growth in YooMob revenue has been primarily attributable to increased user take-up across all of the Group's telco service platforms. This increase is largely attributable to new content channels on the YooMob platforms showing new Korean hit series' and awards shows. SyQic has a rolling programme to add compelling video titles and content planned for the rest of the year.

The Group expects that performance in Q3 2014 will demonstrate further growth following the launch of a new Indonesian YooMob site with SmartFren on 9 June 2014. SmartFren is a leading Indonesian internet service provider. This is significant as it is the debut of the YooMob Plus technology platform which caters for the new generation of smartphones and delivers enhanced content. The Group anticipates further launches of the YooMob Plus Service in the coming months with both new and existing telco customers.

SyQic's major Indonesian telco customer PT Nextnation Prisma ("PTNP") has confirmed to the Company that 2014 billings will not be on a payment plan and will be paid much more promptly going forward. PTNP continues to adhere to the previously agreement payment plan for 2012 and 2013 revenues and all scheduled payments have been made. To date RM 4.8 million (approximately £902,000) has been received under the agreed payment plan and the debt is continuing to be paid down.

SyQic will be making a further positive announcement in relation to the Yoonic OTT service within the next few weeks.

-Ends-

[loverat] 12/6/2014 15:42

Forced seller would be the most likely explanation in these situations.

[kinkell] 12/6/2014 15:32

No evidence, but it seems to me that perhaps someone took shares at the placing with a view to short term turn, were unable to turn (all of them?) and have become a forced seller for some reason.

[cyprussteve] 12/6/2014 11:53

Hi fairenough11,
Yes - I understand that - and I won't labour it further - although I don't think it reflects much credit on their Nomad whose job it is to advise them on such matters.
Anyway - enough said - I am presently thinking of topping up - but, I want to watch this trading pattern for a bit longer before deciding.
Ciao
Steve
PS - PLEASE call me "Steve" - it is my name :):)

[cantrememberthis2] 12/6/2014 11:44

Interesting.
Spread and offer seem odd too.
Lack of RNS is odd.
BLUR like mentality, yet I think their concept with larger PDAs and mobile phones is well on the money.
Wanted to average down but 32p isnt on offer!
Holding for now.

[fairenough11] 12/6/2014 11:23

Cyprus,

they're still learning,only just over 6 months as a listed company so I think we can cut them a bit of slack.

All the investors that bought the oversubscribed IPO at 62p,bought on the back of the IPO DOC and realizing that the last 11 payments had been met.

This young company is growing in a sector that's red hot world wide.

£9M Mckcap is at least BUY ONE get TWO FREE imo.If we were priced at £40m people could start knit picking,but as the broker stated when the share price was at 49.50p,"the market is valuing SYQ as if no payments will be received",so at 33p it must be saying SYQ will pay them:-))))lol.

BUY and HOLD imo.

[scruffee] 12/6/2014 11:20

wish i had free funds but adding each day now on 74k

[fairenough11] 12/6/2014 11:17

Re Short tracker

My mistake have edited.

[cyprussteve] 12/6/2014 11:15

I am not saying that they have or haven't kept up their payment schedule - I just cannot understand why the Company would choose to communicate this via their broker rather than through their own newsflow - it does seem a strange way of keeping shareholders informed.
Any ideas?
Ciao
Steve

[cyprussteve] 12/6/2014 11:12

Hi fairenough,
On their website it states - "We no longer track disclosures after they drop below 0.5%"
Ciao
Steve

[fairenough11] 12/6/2014 11:05

Agreed,some kind of shorting/selling imo and it started around the time the above question was asked before,so on the balance of probability.......
Previous replies to the repeated question:-

fairenough11 10 Jun'14 - 17:20 - 285 of 303 1 0 edit

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 Jun'14 - 17:27 - 287 of 303 2 0 edit

Hi Cyprus,

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

Give away under IPO share price imo.

fairenough11 11 Jun'14 - 09:56 - 288 of 303 0 0 edit

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 11 Jun'14 - 09:59 - 289 of 303 0 0 edit

SYQ Mcktcap £9Million????

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

dasv 11 Jun'14 - 10:06 - 290 of 303 1 0

"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.

[cyprussteve] 12/6/2014 11:04

Hi cantrememberthis2

My first thought was also the possibility of shorting, but, from the only shorting website I know of, as link above, it does not seem to be the case for SYQ.
I cannot vouch for the 100% accuracy of this website, although on the previous occasions I have used it, it does seem to be a useful tool.
Ciao
Steve

[cyprussteve] 12/6/2014 10:58

Ref my previous posting - extract as follows -
"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 have been delving into this further, and, assuming I have the correct website -
This relates to the balance sheet of the debtor, or perhaps the Company managing the debt.
It is quite an interesting read - and I wonder if the extract below is relevant to the transaction - I am no accountant so just asking a question .
"Amount due from an associate company 13 - 1,820,063 -1,338,111"
I am also very much puzzled as to why the Company do not disclose the payment schedule and progress in it's RNS - I really cannot understand wjy they allow their broker to communicate it - this seems most odd to me.
By the way, if anyone thinks I am trying to scaremonger - I am NOT - I am simply a shareholder trying to further research the Company in depth and asking questions when there are things I do not understand - surely that is the purpose of the board ?
Any further thoughts would be appreciated,
Regards
Steve

[cantrememberthis2] 12/6/2014 10:55

WTF

I thought 40p was low.

Now 31p bid yet offer throughout the week has been approx 34p.


Beginning to think it is being shorted.

BLUR and this company seem dog tired short!

[loverat] 12/6/2014 10:51

I think the company should really have put out a statement about the fall. It is not clear why the fall has happened (aside from a few usual possibilities) so think it is justified in this case.

The market makers are also very greedy.

[the shuffle man] 12/6/2014 10:22

I thought i was getting in cheap yesterday. There is a constant amount of small sells that keeps dragging the price down.

Maybe there is something else going on in the back ground that we dont know about.

At these levels if the forecasts are to be believed and the debtor is continuing to pay then they look ridiculously cheap at these levels.