Syqic Share Discussion Threads

[mikeja] 03/12/2014 09:36

Assuming revs hit £11m I update my eps back to 9.5p for this year based on an additional £600k net profit on margin of 40% on extra revs.

[mikeja] 03/12/2014 09:22

New Allenby note updates target to £2.50,I would be happy with that.

[adamb1978] 03/12/2014 09:06

Re-assuring update rather than anything else. Confirms that trading continued to be positive in Sept and that PTMP havent reneged on the agreed payment plan, though I agree with teh comment above that at the end of the year there will still be the payments for May-Dec outstanding. Regardless, the share price seems to be discounting for this overly heavily and not factoring in much/any upside from things away from the core business. This could easily be over £1 by this time next year

[aishah] 03/12/2014 08:40

So we're now at float price after all the progress! I'm accumulating as and when. The market will eventually re-rate these.

[daz] 03/12/2014 08:31

I think the main purpose of the RNS was to announce the Myanmar launch, the trading update just confirms that H2 trading continues at £1m a month.

The news on PTNP is a little disappointing, as they announced the receipt of the Feb 2014 payment towards the end of September, so to only expect another 2 payments by the end of the year means they are slipping a little. The main point though is that they continue to pay and aren't being considered a bad debt.

Perhaps the main point though is to confirm that they remain on track to exceed the Allenby revenue forecast for this year and who may possibly upgrade on the back of this.

[jojaken] 03/12/2014 07:38

Can't see any hidden irregularities in the statement, but wish they won't try to obfuscate.

So fractionally over 3m in the three months to the end of Sept if my calculations are right. So at the 9month stage, we can be a little more confident that Yoomob should give us revenue of 11m or a little under for the full year. I think to break the 11m mark talked about in earlier posts though depends on Maaduu's performance, which remember is from a standing start.

[fairenough11] 03/12/2014 07:38

Excellent trading update.

SYQ does what it says on the tin.Certainly growing fast.

[the shuffle man] 03/12/2014 07:25

Seems you are correct prof. These should fly today.

[professor x] 03/12/2014 07:10

Cracking trading statement. So we have 7.6m revenue so far this year against 4.7m for the whole of last year. Can someone please tell me if I am reading this correctly?

[mikeja] 02/12/2014 14:19

53 bid for 10k,56.75 offered in 1k

[daz] 02/12/2014 12:29

Seems so Mike, can only buy 5000 at full ask now.

A shame for me, as I was looking to add a few more.

[mikeja] 02/12/2014 10:04

The offer side seems to have suddenly shrunk,if seller is finished am looking for a decent pop

[daz] 28/11/2014 11:49

Cheers Mike, very useful to know

[mikeja] 28/11/2014 11:03

The seller originally had a little more than 800k from the recent placing.
This is probably now down to about 200k or so.The recent board moves are very strong for SYQ,the new chairman and Malaysian heavyweight would not have joined a dubious co.Jamal has a strong reputation in SE Asia.
My estimate for this year's eps is more like 8.5p.

[daz] 28/11/2014 08:43

I think so Mas, the seller only dribbles enough onto the market that people will buy, so it looks like he just wants to take a turn on his placing shares and is not that desperate to sell.

Of course, if another seller were to appear, then the game changes but it doesn't look that way at the moment.

[masurenguy] 28/11/2014 00:41

If your theory is correct the 50p placing price should act as solid support if this drifts down any further.

[daz] 27/11/2014 22:58

There is some stock from the August placing leaking onto the market and that's what has caused the recent price weakness, it's definitely not due to trading as the interim's showed strong progress.

Given that the placing was 3 months ago, I don't think there can be much of the overhang left. There were 3.7m shares issued and if say 15% of that went to a weak holder, that would only be around 550,000 shares, which if 50,000 shares get bought in a day like today, wouldn't last that long.

I'd expect to see the rump placed quite soon and then hopefully the price will recover to a more realistic level.

[yump] 27/11/2014 20:29

Looks like a 'boredom' drop since July to me. I just read the earlier part as punters going for the float and then a panic sell-off, which overdid the drop.

The small co AIM market does swap from idealistic jam to despondent doom quite readily. Somewhere inbetween is reality I guess, which in general is hopefully higher than when you collect a few shares near their apparent lows.

Can't do much more than pick a reasonable price/valuation that is some way off the spike and then wait to see if its a goer.

XLM is another odd overseas one. Obviously traded vigourously since float, which makes it look like there's a problem, when its actually on double the dividend yield of the top bank savings accounts and on a prospective of about 10.

[pj 1] 27/11/2014 19:29

Its one of those enigma shares. too good to be true. Looking bearish. Its on the w/l

Blame QPP and market sentiment, maybe?

[daz] 27/11/2014 19:05

Yes, undoubtedly the company, being foreign based and AIM listed will always trade at a discount because of the fiasco's with several Chinese and Indian based AIM stocks.

The CEO's 33% stake has to count for something though, his interests should be aligned with other shareholders.

The other concern is cash flow but if the company shows it has been cash flow positive in H2, as the Allenby note suggests, then hopefully that in itself should lead to a re-rating.

[yump] 27/11/2014 17:06

I guess the apparently low future rating is because of people being a bit wary of businesses in overseas markets. Fairly understandable, but have to assume that some of them are decent businesses, run in a straightforward way.

(Not that its any easier to find out about and understand UK AIM stocks than those trading in overseas markets !)

[daz] 27/11/2014 11:07

Looking at it from a future prospective Yump, I think the forward p/e of 4 is the main attraction.

This looks well underpinned by the revenue build up at Yoomob and it doesn't on the face of it look too difficult to wring extra advertising revenue from Maaduu, with the connections with advertisers that the company has.

There is some stock around today, so I took the opportunity to pick up some more. At the current price it looks an excellent entry point if forecasts are met and as has been pointed out above, the Allenby forecasts looks conservative, so any upgrade will make them look cheaper still.

[yump] 26/11/2014 14:35

Quite interested. A historic of 15 ish doesn't seem expensive in a growth market.

[eric76] 26/11/2014 13:30

Impressive no's and good to see some interest here the last couple of days. Bit of a forgotten gem this one imo.

[nashwan123] 25/11/2014 12:22

For any holders getting bored with inactivity with the SP, here is a reminder why I invested looking at recent results.

FINANCIAL HIGHLIGHTS
-- Revenue increased by 424% to GBP4.59m (H1 2013: GBP0.87m)
-- Profit after tax increased by 2,643% to GBP0.96m (H1 2013: GBP0.035m)
-- Earnings per share increased by 1,700% to 4.14p from 0.23p
-- Net cash at 30 June 2014 of GBP0.45m (H1 2013: GBP0.12m)


Outstanding growth and the new feeds are only just beginning to roll out.