Syqic Share Discussion Threads

[eric76] 27/3/2015 14:09

Not sure these will stay this cheap for long imo, not without being snapped up.
The opportunity is still seen as huge and the sector consolidating with competition already miffed they missed buying Maaduu,

[professor x] 27/3/2015 13:59

If the spread wasn't so ridiculous I'd be topping up! The only snag on the chart that I had has now been dealt with!


free stock charts from uk.advfn.com

[mikeja] 27/3/2015 13:57

Mopped up the cheap stock

[mikeja] 27/3/2015 12:08

Got any stock,androyd,can bid you 34 for 20k?

[androyd] 27/3/2015 08:47

Looks like this could be heading for sub 30p, syqic = sickic.

[adamb1978] 25/3/2015 21:55

do you have the last couple months' balance sheets?

[jojaken] 25/3/2015 08:41

"No reason, other than perhaps the risk of a placing"!!!!

I'm sorry I couldn't agree with you less Masurenguy. I am now out, but I had to ease my shares though the market over a week! While I held more than most private holders, I didn't have a huge number, there just were so few buyers!

To be honest, I don't blame them. Just look at the changes in the balance sheet over the last couple of months and that should be enough to warn most. I can't believe the optimistic tone here!

I don't wish to enter prolonged agreements on a BB, but at the very least please look at the *changes* in cash balances and forecasts from the beginning of the year to now.

[masurenguy] 24/3/2015 15:13

Poor liquidity can be very easily illustrated by this share. The price has recently dropped from 56p to 37p, or 34%, over the past 7weeks on an average daily trading volume of just over 40,000 shares. In fact the total trading volume of circa 1.4m shares during this period accounts for just over 5% of the total number of shares that are in issue.

During that period we have just had a positive year end trading update and a couple of announcements relating to cooperative deals with Viki. No reason, other than perhaps the risk of a placing if PNTP fall behind in their stage payments (which has not occurred so far), so what goes down on comparatively small trading volumes can just as easily rise on the same basis.

[yump] 17/3/2015 15:32

I do wonder at times whether it is better for the share price for the company to be making a whacking great loss, so that everything can be in the imagination, rather than actually having profits, when people can start pointing at the figures and deciding that a p/e of 5 is the max. for anything outside the UK.

It will be interesting in a few years to look back on the last few years of AIM floats by overseas businesses (separating US and 'other'), to see if ANY of them actually posted reliably improving figures, with no issues about receiveables, debt etc.

Not that UK based floats would necessarily do any better on that basis...

In theory, if the main markets stay stable at the recent new levels, the SME market should pull up. Unless its the case that SME's are now finding it increasingly difficult to grow in general. In which case SME investing will be dead in the water.

[saucepan] 17/3/2015 15:00

Snowydays: good posts.

I think you are right about the over-hyping. I myself wondered how many Indians would be interested in Korean content, even though the population is massive!

There has been no feedback/evidence (to my knowledge) of the contribution Bangladeshi prepay cards are making.

I am still interested in the story here and the apparently compelling fundamentals, but the chart is keeping me out. I need to see the market being convinced and then join the bandwagon - hopefully not too late.

That is a rather surprising and very disappointing recent low being made again.

[snowydays] 17/3/2015 10:47

Masurenguy, yeah it's a superstition of mine. I noticed that shares i write favourably about on bulletin boards seem to go down, so now if I want a share to go up I make negative posts about it. Unfortunately it doesn't always work.

You asked me when I bought and why. I have to admit that i first bought in close to the top, at 122p I think. At the time the shares had come up on the St0ck0pedia Zulu screen and the numbers looked good to me. Fortunately i set a stop at 83 for safety thinking it would not be hit. It was actually hit within a few weeks. I then bought back at 57p thinking it was oversold, but it kept going down. I sold those shares when then price failed to hold after the recent trading update, again at a loss.

On another note, can anyone here actually show me anywhere that actually sells the Yoonic prepaid cards which Syqic supposedly rolled out in the UK over a year ago now? Do these cards even exist?

Good luck to all holders here, but in my experience, when the market seems to massively undervalue a company, more often than not the market turns out to be correct.

[yump] 17/3/2015 09:27

They do like their big numbers, which can be taken whatever way you like. There is probably a tiny minority of the smaller companies that quote big number markets and then actually follow up by reporting in any detail on what they have achieved within those markets.

If you have an unspecified issue with the actual financials, then that's a different matter and you are probably best out. Presumably not every foreign stock is fiddling the figures though.

They have revenue growth and pre-tax profit, which puts them in a small minority of companies who quote big numbers, while also having a viable business.

Its not exactly close to red-lining on the rampometer though.

[masurenguy] 17/3/2015 09:26

Hmmm....I'm utterly amazed that you ever owned any shares in this company since a quick review of your historical contribution here reveals that all of your prior posts were negative about the company and its prospects - posts #178, 256, 291, 563, 606, 608, 650, 653, 671, 673. If I had formed a similar view on any company then I certainly would never have invested in it.

Therefore I'm very curious - when, and why, did you buy and what price did you pay? Last month you were telling people in #650 to "get out while you can" so when did you sell and at what price did you "cut your losses on this one" ?

[snowydays] 17/3/2015 09:06

The announcement tends to imply that the directors are ramping the stock.

What exactly does expansion into India for cool2vu mean? Does it simply mean that internet users in India are no longer blocked from accessing the cool2vu website?

The announcement makes a big deal about the size of the online viewing market in India, but how many Indians want to watch Korean films? In any event the advertising revenues are miniscule.

It is not the first time Syqic has done this. Shortly after flotation Syqic made a big deal about rolling out prepay cards for the Bangladeshi community in the UK. However, a year later there still do not seem to be any actual outlets in the UK where those cards can be bought, and there have been no figures on how many (if any) have ever been sold.

I have cut my losses on this one. The figures all look good, but the figures cannot be trusted in my opinion.

[masurenguy] 16/3/2015 18:21

androyd - 682: Down again despite positive news. We're now about 35% below the float price, looks to me like a placing could be in the pipeline.

The volume today was miniscule - just 36K shares traded which means nothing. The shareprice hasn't really moved just the spread has widened to circa 20% (40 - 47) which is the problem.

[yump] 16/3/2015 15:57

This one, like many, also suffers from having been overblown. It sometimes takes a long time for earlier shareholders to get bored, sell their remaining stock etc. etc. before the share price can make any firm upwards progress, regardless of any business progress.

Add to that a few traders who think they've spotted the bottom and then the share price turns down, so they go out pretty soon afterwards.

[yump] 16/3/2015 15:50

Depends on who you think has moved the share price.

Its clear from smaller stock performance that there's not much appetite for them atm, let alone 'foreign' ones.

[androyd] 16/3/2015 15:24

Down again despite positive news. We're now about 35% below the float price, looks to me like a placing could be in the pipeline.

[masurenguy] 16/3/2015 08:01

It is very interesting to see this further development in their ongoing relationship with Viki. There really seems to be some good synergy between them !

RNS Number : 4627H
16 March 2015
SyQic plc

Further service expansion for cool2vu

SyQic (AIM: SYQ), the fast growing provider of live TV and on-demand video content across mobile and internet enabled consumer devices, announces a further expansion of its contract with Viki to launch cool2vu in India.

Viki - further territory expansion

SyQic announced on 9 March 2015 an expansion of its agreement with global video service provider Viki, to make its cool2vu platform (www.cool2vu.com) available to SyQic customers in Europe, South America and Central America. SyQic is delighted to announce that it has now secured the rights from Viki to further extend its Korean entertainment service into India. The mobile compatible service is available in 7 different languages and will now have an addressable customer base of 3.13bn people across 4 geographic regions. The cool2vu service is currently advertising supported until a subscription service is introduced later in the year. cool2vu is already generating advertising revenues in most countries where the service is available. SyQic currently has a revenue share arrangement with Viki.

Jamal Hassim, CEO of SyQic, commented: "We are delighted to be continuing the rapid roll-out of cool2vu, our Korean themed entertainment service, into the vast and dynamic market that is India. According to ComScore, the analytics company for the digital media industry, the total online video audience in India grew by 74 percent between 2011 and 2013 to 54 million viewers. This rapid and continuing growth in the Indian online video market, both in terms of viewers and consumption time, means there could be a substantial upside for the key players in this market. We therefore believe this development could represent a significant commercial opportunity for SyQic."

[nashwan123] 16/3/2015 07:25

Another positive announcement that will increase revenues. At the moment I'm out owing to market fickleness.

[saucepan] 13/3/2015 22:02

The Shuffle Man: thanks.

[the shuffle man] 11/3/2015 17:56

Saucepan

I think it must be the cash generation the market is not happy with. They have big customers that owe them lots of money which are being paid down on a payment plan. So far the payments received are on plan but we need to see this continue.

Also its a foreign company listed on AIM.

[saucepan] 11/3/2015 17:23

Thanks, yump; point well taken.

I am currently watching SYQ from the sidelines, having been long at one point. The story looks great, but there is clearly something the market is not convinced about, judging by share price momentum.

[yump] 11/3/2015 13:15

Take it from me, there are no reliable traffic estimating sites. Most of them are there to earn pence for an accidental click on an advert that they run. Site values are way out, they are based on a guess at market value not earnings.

Don't even get me started on the difference in supposed traffic measures.



Not supposed to give out investment advice on a forum, but for goodness sake don't make investment decisions based on external traffic measures.

[saucepan] 11/3/2015 12:05

Nice research, snowydays; thanks.