Syqic Share Discussion Threads

[m1das_touch] 13/6/2014 09:31

Even after this morning's bounce the market cap is still only £11.3m, a steal in my view for a growth company in a hot sector, and one which is already profitable!

Looks good for a return to £1.00 and beyond, particularly with the promise of further good newsflow to come in the next few weeks.

[loverat] 13/6/2014 09:29

Yesterday was a good time to buy. Feel sorry for those bounced out @40p on that shake. Anyone who has watched this one for a while knows it is volatile.

[andyview] 13/6/2014 09:26

I bought a few more yesterday...good timing for once (partly offset my very bad coms timing !)

Really positive update this morning and we should see this move up higher as the day goes on

gla

[aishah] 13/6/2014 09:23

Stock offered to me at 38p last week which I took up. dyor

[fairenough11] 13/6/2014 09:20

Once those who wish to sell have sold we can then carry on our journey back to highs.With further positive news to come I won't be selling any until we are well above IPO price,£1+ at least and only then I may sell half and let the rest run in this very interesting company which is growing fast within a sector that's exploding world wide.

[biggest bill] 13/6/2014 09:12

I bought back in this morning. I sold after the results because I was concerned that revenues had stopped growing and I didn't like how slowly they were getting paid. The trading update this morning was very good indeed. I am surprised that the shares have not risen further; this has allowed me to get a decent number of shares at a good price.

[m1das_touch] 13/6/2014 09:06

mikeja, the low rating is most likely down to concern about one it's major telco customer's in Indonesia - it's heavily reliant on them for a significant amount of revenue and they're paying owed monies to Syqic on a payment plan.

This morning's announcement significantly reduces that risk, assuring investors that all payments under the plan continue to be paid on time and that future invoices will be settled more quickly and not subject to similar payment terms.

[scruffee] 13/6/2014 09:04

expect some big delayed buys to come through soon might show as sells.lol the games mms PLAY!!

[scruffee] 13/6/2014 09:01

next wave of buyers who in thier right mind would sell at this level im looking for 60-65p later today for starters

[mikeja] 13/6/2014 08:46

Incidentally I was the early buyer in the low 40s

[mikeja] 13/6/2014 08:44

Can one of you experienced Syqics tell me why these are selling around 3x this year;s earnings?Digital look indicates revs of £11m for 2015 and eps of 14.5p.
Looks like we might be banging on that this year with an exit rev of around £1m per month.What am I missing?

[androyd] 13/6/2014 08:31

Well spotted Midas, they've corrected the error in an updated RNS.

[scruffee] 13/6/2014 08:30

went 2v1 l2 going to jump quickly to 60p

[scruffee] 13/6/2014 08:26

More cash now than had at ipo ie 62p oversubscribed went to 130p no brainer rns more good news coming

[dasv] 13/6/2014 08:23

So that's 9.6m annualised without factoring in the predicted "upward trend" in the trading update.

re PT Nextstation Prisma further payments: This is the key concern allayed - especially with respect to worries re: dilution and even more pressingly working capital:-

"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."

My concern was that PTNP's late payments would squeeze SYQ's working capital. Note there is a reliance still on a single customer so not ideal. And also: PTNP will probably be the middle-man between SYQ and Smartfren (another indonesian mobile telco - indo-english: "smart" as in smart phone, fren meaning "friend".)

[m1das_touch] 13/6/2014 08:21

Hah, didn't notice that little error in the RNS...referred to £2m revenue in Q1 2012!!

I think we can forgive them :)

[androyd] 13/6/2014 08:19

After this latest news, the Company should be able to get the placing away at a much healthier shareprice, 80-100p hopefully.

[fairenough11] 13/6/2014 08:18

only 9/10p more to go to get to oversubscribed 62p IPO price and we now know they have grown from that level.

Should see new highs at some point imo.

HIGH 129.50P

[m1das_touch] 13/6/2014 08:03

Ok, well that's what a call a positive market reaction - 45p on the bid at the open!!

I don't know how borrowable this stock was, but I'm thinking that anyone who was short will be rushing to buy :)

[loverat] 13/6/2014 08:02

A massive RNS and therefore should be a significant recovery. Good start already.

Target of 60p for starters.

[fairenough11] 13/6/2014 08:01

....with more positive news to be released in the next couple of weeks.

Hold on tight:-))

[fairenough11] 13/6/2014 07:59

No probs Steve.

This company has only been listed just over 6 months and I am getting a very good vibe.

Back to 120p then???

[loverat] 13/6/2014 07:56

Steve

Well done for asking the question. That may have prompted the board to address this in the RNS. They probably read BBs like most BOD.

[simonparker5] 13/6/2014 07:55

Well done Steve, I said it would come good! We just need Ferrex to do the same and we are quids in.

[cyprussteve] 13/6/2014 07:54

Well done everybody - it is clear that my concerns yesterday were misplaced - ( I was wrong - you guys were right ) - and I am delighted with today's RNS.
Ciao
Steve