Syqic Share Discussion Threads

[adamb1978] 18/2/2015 08:07

regarding cash, its not surprising given they spent over 500k on m&a in the period

[mikeja] 18/2/2015 08:07

Income very satisfactory.It looks like they have received about 440k pounds since the year end from PTNP.I do wish they would not use the phrase"in line with market expectations" which is pretty meaningless.

[adamb1978] 18/2/2015 08:04

Anyone know what market expectations for operating profit were? Assuming EPS is also in line, then SYQ is on a PE of sub 7x for the year just finished

[daz] 18/2/2015 07:36

Well here it is, the long awaited trading statement


Trading is strong but cash levels are low at 0.22m following significant investment but bolstered post year end by the payment from PTNP of approximately 0.3m, giving 0.5m in total.
Trade debtors are also higher, which while expected is not particularly welcome. Hopefully with most of the investment out of the way and a focus on receivables, cash can build up to a more comfortable level.

[yump] 17/2/2015 16:39

androyd

Well the share price has been more or less the same since Christmas, so I think there are rather a lot of other stocks that would 'beat' this one on the downside !

[eric76] 17/2/2015 12:23

Agree the share price action is disappointing given the potential but think weatherly ran away with the aim dog title today :(

[androyd] 17/2/2015 12:16

This is shaping up to be a contender for AIM dog of the year!

[mikeja] 16/2/2015 16:50

Would not be surprised to see a trading update later this week.CEO has been in Far East,just returned.

[daz] 16/2/2015 15:19

Adam

The company's number is 01753 880628 (taken from the website). You could ask to be put through, I did that once last year and he didn't seem to mind.

[adamb1978] 16/2/2015 12:50

Does anyone know the CFO's email address? I've tried guessing it using 6 different format but all got bounced back

[snowydays] 16/2/2015 12:46

I can't see them issuing a trading statement so soon after the announcement about rebranding Maaduu to cool2vu.

[adamb1978] 16/2/2015 11:46

They put one out in December though so they might feel that there isnt an urgency for one.

They obviously dont have to put one out however my view would be that if they're not planning to get their prelims out til May like last year then they probably should put something out this week

Has anyone email the company?

[daz] 16/2/2015 11:40

There is no financial calendar on the website, so without confirmation from the company, anything is a guess.
Last year, they issued one on Feb 7th, so it is overdue and so should in theory be soon.

[mr roper] 16/2/2015 10:08

any idea when the TU is due?

[imranawan] 12/2/2015 16:38

Following up on my post from yesterday I contacted Allenby Capital, to ask when a TU may be issued, and they said they weren't able to say. Based on last years timescale I would have expected this to be issued around about now.

[yump] 12/2/2015 15:24

You would think that the Chinese would float a few good-uns, if only to ensure a supply of mugs for future floats, otherwise their ability to convert money very profitably to sterling or dollars will eventually get cut off.

[snowydays] 12/2/2015 15:17

I think there is a growing distrust of Asian shares on AIM. Several Chinese companies have proved to be fraudulent and have delisted. Others such as DQE have failed to produce the goods despite looking good on the numbers.

Superficially SYQ looks to have outstanding prospects and should be valued much more highly, but I think many small investors would rather avoid this type of share altogether now, perhaps with good reason.

[yump] 12/2/2015 14:24

There seem to have been a large number of smallish shares recently that have all been drifting downwards for no apparent reason (given the current level of the main indexes), levelling off and only rising on trading updates.

I think people are worried about profit warnings and many of the shares have previously been at much higher levels (often on high p/e ratios) on the back of recovery from recession, so the sell-offs now look much worse.

If it had been bull market with no particular economic worries, I bet a lot of them would have been rising well into updates or results.

If you take the wild spike and trough out of this, imo the gradual curve of the share price probably represents the slight unease in the market since November when it floated.

[snowydays] 12/2/2015 14:03

This share seem to be incapable of holding on to any rise.

[imranawan] 11/2/2015 10:53

Anyone know when the next trading statement is due. Looking back at last year, it was issued on the 7th Feb.

[mikeja] 09/2/2015 12:24

simon,the mention was in the FT,see above.I think you may be a little optimistic on eps for 2014.My guess is around 9p,don't forget rights issue dilution and maadu costs

[simonparker5] 09/2/2015 12:09

Thanks Daz, lets hope so.

[daz] 09/2/2015 11:48

Simon,

I think the interest reflects the trading statement expected this week rather than a tip. I think this is going to be positive and it looks like others think the same as well.

[simonparker5] 09/2/2015 11:10

A lot of interest here this morning, has SYQ been tipped somewhere?
Mind you with over 4p per share at the half year and perhaps as much as 11p per share earnings to the end of Dec 2014 this should be trading at over £1.

[adamb1978] 07/2/2015 08:02

What date is the trading statement? Is that confirmed?