Syqic Share Discussion Threads

[biggest bill] 04/12/2013 15:13

Allenby's revenue forecasts of £7.8m for 2014 and £11m for 2015 look very conservative to me. Likewise, I think their earnings per share forecasts of 8.68p for 2014 and 14.5p for 2015 are too low.

[willydoctor] 04/12/2013 15:10

Thanks for the link.
This looks like a really interesting play. I am tempted to get in.
Thanks again for the note

[awesometactics] 04/12/2013 14:28

Broker Note issued

hxxp://www.allenbycapital.com/research/syqic.html

Target price at end of investment overview, p.5

[tradesense] 04/12/2013 14:10

SyQic provides access, predominantly via mobile devices, to over 70 live television channels and to over 20,000 titles of online video on demand content. As such, the Company is a clear beneficiary of the trend to watch media away from the traditional household television set. Customer access to date been restricted to distribution relationships with major Telco operators but shortly an OTT version of the service will be launched which will allow access to anyone with internet access. The Company raised £3.2m in an over subscribed IPO (£2.45m new money, £0.75m vendor placing), the funds will be used to increase the content offering and launch in new regions. SyQic has been profitable since inception and is forecast to make profit after tax of £0.85m in 2013 rising to £2.0m in 2014. We feel a 2014 PE ratio of 15x is justified for a company with SyQic's financial profile and market positioning which would imply a fair value of 130p

[awesometactics] 04/12/2013 14:05

It's good to see this is running under the radar for now, we know there's less than 25 million shares in issue and Allenby capital last 10 IPOs resulted in an average gain of 200% so I guess its just a case of buy, hold and wait for the market to wake up to the potential of this company.

[awesometactics] 04/12/2013 12:00

Yeah, really Interesting prospects here and it offers a really solid investment at a massively discounted rate, The recent growth figures in revenue and profit alone make this an amazing opportunity and now they are expanding even further.

[andyview] 04/12/2013 11:48

I'm with you awesome, the technology and rate of growth make this very appealing

[someuwin] 04/12/2013 11:45

Interesting.

[awesometactics] 04/12/2013 11:45

Plenty of buys coming in now and the share price is ticking up as well, Interesting couple of weeks ahead.

[awesometactics] 04/12/2013 11:39

No harm in running them in parallel!

No mention of the recent IPO in that title, at least this might grab more attention to the fact that this is a very recent listing with tons of potential.

[mistermagoo3] 04/12/2013 11:37

Do we really need another thread??

this one already running

[awesometactics] 04/12/2013 11:37

They are being brought to the market by Allenby Capital and their track record speaks for itself
Last 8 deals Allenby have brought to market:
Raised Price price Gain
The Fulham Shore ISDX 30-Apr-13 £0.58m 4p 11.50p 188%
All Asia Asset Capital AIM 02-May-13 £3.57m 3p 23.00p 667%
Myanmar Investments AIM 27-Jun-13 £6.14m 105p 160.00p 52%
Xplorer Standard 11-Jul-13 £1.00m 16p 45.50p 184%
Trafalgar New Homes AIM 16-Jul-13 £0.28m 2p 4.38p 119%
RapidCloud Intern AIM 14-Aug-13 £1.00m 54p 85.00p 57%
Macromac AIM 20-Sep-13 £0.48m 10p 53.00p 430%
Palace Capital AIM 21-Oct-13 £23.50m 200p 228.00p 14%
Average 214%

[awesometactics] 04/12/2013 11:35

Description of business:
SyQic is a fast growing OTT provider of live TV and on-demand paid video content across mobile, internet-enabled consumer electronics devices such as mobile phones and tablets. SyQic has established relationships with both content providers and service distributors and provides a mobile video service that enables end-users to gain access to content from anywhere and at anytime on easy-to-navigate software. SyQic's current focus is the Asian market together with global migrant and expatriate communities and the SyQic group seeks to provide content to customers at an affordable price. The SyQic group is headquartered in the UK, where its key operations and R&D are located, and has its main back-end office and servers in Malaysia and Singapore. Since 2010, the SyQic group has pursued a paid mobile delivery model and, as such, it does not rely on advertising revenue, instead generating its revenues through access fees charged to its end-users. As at 31 July 2013 SyQic had, in aggregate, served over 1 million end-users across its core markets in Malaysia, Philippines and Indonesia. In October 2013 it achieved approximately 1.04 million subscription transactions, more than seven times the 147,000 subscription transactions achieved in June 2013. In the year ended 31 December 2012, SyQic generated revenues of £3.9 million and profits before taxation of £625,000.

[awesometactics] 04/12/2013 11:03

This looks like a great investment opportunity, the companies been hammering out profits and growing at a profound rate! I think 100-150 P should be seen very quickly, definitely looks well undervalued as it stands.

[mistermagoo3] 04/12/2013 09:21

the Group has been profitable for each of the last three financial years and its revenue has grown from
£978,000 in 2010 to £3.9 million in 2012, representing an increase over the period of around 300 per
cent.

[mirabeau] 04/12/2013 09:07

30pete

I'm afraid not mate but does look interesting which is why I set up the thread

Certainly one to watch and an excellent start on its first day

[30pete] 04/12/2013 09:03

Thanks mistermagoo3 - that helps a lot

[30pete] 04/12/2013 09:02

You invested in these Mirabeau?

I got in first thing this morning having seen Allenby were bringing it to AIM. There last few deals have performed well and reading up on what SyQic do this looks like another good deal for them. Basically buys TV content and then broadcasts it over internet using technology to deliver good picture on low bandwidth. Main focus is Asian market and people subscribe to it to get access to content.
Would be good if anyone who has seen the IPO research could give us some idea on the forecast growth rates for their subscribers.

Sure more info will be released to help educate the investors better.

[mistermagoo3] 04/12/2013 08:54

Placing Price
62 pence
Number of Ordinary Shares in issue immediately following Admission
23,198,845
Market Capitalisation of the Company at the Placing Price on Admission
£14.4 million
Gross proceeds of the Placing
£3.2 million
Gross proceeds of the Placing receivable by the Company
£2.45 million

only 25% free float!!

[mistermagoo3] 04/12/2013 08:52

From Allenby

SyQic provides access, predominantly via mobile devices, to over 70 live television channels and to over 20,000 titles of online video on demand content. As such, the Company is a clear beneficiary of the trend to watch media away from the traditional household television set. Customer access to date been restricted to distribution relationships with major Telco operators but shortly an OTT version of the service will be launched which will allow access to anyone with internet access. The Company raised £3.2m in an over subscribed IPO (£2.45m new money, £0.75m vendor placing), the funds will be used to increase the content offering and launch in new regions. SyQic has been profitable since inception and is forecast to make profit after tax of £0.85m in 2013 rising to £2.0m in 2014. We feel a 2014 PE ratio of 15x is justified for a company with SyQic's financial profile and market positioning which would imply a fair value of 130p. (MB