Syqic Share Discussion Threads

[mikeja] 07/2/2015 07:48

Viki deal gets mention in Small Caps column of FT today.Generally pretty bullish.
Mas,I think there are some insti holdings post the rights issue,though not huge.Hopefully looking forward to trading update next week this should cement SYQ's attractions in investor's minds.

[masurenguy] 05/2/2015 08:19

It is not "market irrationality" that is the issue here but illiquidity. The shareprice went up by 15%, following the RNS on Tuesday, stimulated by a trading volume of 554K shares, which was the highest daily volume in over 7 months since the YooMob update in June last year. The shareprice slipped back by 5% yesterday on a miniscule trading volume of less than 10K.

There are just under 27m shares in issue and there are no UK institutional investors. The CEO owns 33% and a Singaporean Venture Capital Company owns nearly 12%. The rest of the shares are either owned by individuals or small private funds. This means that the free float is very small and the consequent illiquidity has a disproportionate impact on the shareprice movement, positive or negative, following any meaningful news. In my opinion it is unwise to try and buy or sell on the day when positive news is announced since MM's will quickly mark up the price to tempt holders to sell shares in order to enable them to fill new orders. The reverse would apply on negative news. Consequently the price rise on Tuesday did not follow through on Wednesday since there was little stock available to trade and one must assume that existing holders just sat on their hands as they are happy to hold.

The liquidity issue is a problem with many sub £30m market cap AIM stocks. In the longer term the only way to address this will be to broaden the shareholding base or to liquidate a capital gain/loss for all shareholders via a trade sale in due course.

[nashwan123] 04/2/2015 18:40

This market gets more irrational by the day. It doesn't help that shorting appears to be the new way to invest particularly in AIM.
SYQ is not very liquid and although not being shorted needs more City exposure. Yesterday's RNS could be quite transformational and I topped up on the basis they would rise on paper talk today. Wrong!!

[jojaken] 04/2/2015 03:07

So Rakuten and Syqic are in effect merging content. I would image that will put PTNP in a difficult position if they continue to pay Syqic late for content. Rakuten is an online behemoth in Japan. While relatively unknown in the UK,it is bigger than than even Amazon in Japan, the number 2 player. I can’t imagine Rakuten standing for the drawn-out late payments and ‘payment plans’ being then imposed for those already late payments. PTNP have forced Syqic to endure ‘payment terms’(bullying) like so many other small businesses for way too long. Let’s hope this is deal can bring this to an end. For at the end of the day, a business lives or dies on it’s cash flow!

[saucepan] 03/2/2015 13:04

I agree: this is an important technical breakout. Let's hope it heralds a long-term uptrend.

[daz] 03/2/2015 10:42

Clear breakout from the extended pennant formation, that has been in place for over 6 months. I think we're now in new territory and the shares can start to rerate and reflect their underlying worth.


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[fairenough11] 03/2/2015 10:41

SYQ haven't put a foot wrong so far.In theory we should be on our way to new highs,but this is AIM innit.

[the shuffle man] 03/2/2015 10:37

Another AIM small cap at the wrong price

[eric76] 03/2/2015 10:35

No probs was just a google search. Got the update out quick didn't they?
Good to see the share price beginning to move that $200m makes SYQ's marketcap look even sillier than the predicted EPS does imo.

[saucepan] 03/2/2015 08:54

Thanks for the link eric :-)

[masurenguy] 03/2/2015 08:47

Very positive development !

[mikeja] 03/2/2015 08:46

Yes,I believe that a take out is Jamal's end game.Unfortunately we don't know any figures from the Viki takeover by Rakuten so hazarding a guess is difficult.However SYQ has its own business as well as maaduu which is fast growing and highly profitable.I remember seeing a figure of $50m for maaduu when it recovered its clientele.There has been a very rapid climb in hits over the past three months.The figure mentioned is over twice SYQ's market cap on its own.

[androyd] 03/2/2015 08:46

It was about this time last year that we shot up from 60p-120p, here's hoping for a repeat performance!

[daz] 03/2/2015 08:37

Thanks Eric,

Strange that the RNS doesn't actually state that the agreement is to distribute Viki's Korean content as I had wondered whether the content was complimentary but clearly if they do have 'prime time' content as the RNS states, then this really ought to drive up numbers for all SYQ's platforms.

It's this type of deal, which makes the Maaduu (CoolVu) acquisition look very shrewd. Running costs were estimated to be £30,000 a month, so more content leading to more subscribers will lead to a significant contribution.

I think there is a good chance this years numbers will be beaten and of course we wait to hear what the year end 2016 estimate will be, which I expect to make the shares look even cheaper

[eric76] 03/2/2015 08:17

Allenby have done a note on this partnership already. Still reading it myself but they believe that this deal could lead to an approach for SYQ from Ratuken which would be quite a plus given the $200m they paid for Viki.

[daz] 03/2/2015 08:00

Yes and hopefully the extra content will lead to an increase in subscribers and therefore revenue, at would be minimal cost

[mikeja] 03/2/2015 07:47

Should also add maaduu visitor figures continuing to climb

[mikeja] 03/2/2015 07:45

Important update from SYQ.The Viki deal takes them world wide and will widen their market at no cost.Jamal is in SE Asia atm and I would expect a trading update next week.

[masurenguy] 22/1/2015 13:43

Todays 10% fall, on a paltry trading volume of circa 100K shares, takes the shareprice down fractionally below the placing price of 50p last year.

[daz] 15/1/2015 13:51

Great timing Nashwan, the share price seems to be all over the place at the moment.

[nashwan123] 15/1/2015 13:38

MMs moving back up again. Chart looking ok too.

[nashwan123] 15/1/2015 11:53

Just taken a few more of the MMs at this price. Not sure what they are up to with these wild swings? Might be a delayed trade to come through or they might be trying a shake to get some stock in.

[mikeja] 14/1/2015 11:44

I expect trading update first part of Feb.

[adamb1978] 14/1/2015 09:19

Nashwan - Agreed about the payment time, however this is a cultural thing. As long as the payment times dont extend, then I dont have a problem with it though

[nashwan123] 14/1/2015 08:23

As is often the case trading updates don't always give a full picture. It is still frustrating to see major invoices are taking up to 9 months to settle. SYQ's cashflow would look a lot better and its ability to use the revenue on developing its network would improve.No bombshells and a long wait until we all see a fuller picture with the next results. In the meantime I will hold on with the knowlege that this is a fast improving cash generating business.