Syqic Share Discussion Threads

[eric76] 14/9/2015 08:46

Yes another one! Results towards end of month will be worth a read imo esp at this 'cap

[androyd] 14/9/2015 08:42

That's a new low!

[daz] 31/8/2015 16:06

We're in a news vacumn at the moment, so not much to say.

I can't imagine that people would watch any less Korean programming because of the stock market turmoil, so would hope plans are on track.

Hopefully the interims will also say that cash has increased since the end of June, which would help alleviate concerns about collection of receivables and their risk to the balance sheet.

[masurenguy] 31/8/2015 11:36

Very quiet here and this had just drifted slightly down on no further news since the AGM in mid-July. Trading volume has been very modest with a daily average of just circa 18,000 shares.

Worth reviewing the main points from that AGM statement. "Trading in the first half of 2015 has continued to accelerate in line with management expectations. In particular, Cool2vu is showing signs of strong growth potential across Southeast Asia, Europe, South America, Central America, India and the Philippines as the emerging advertising revenue stream and the cross-selling of our services to our telco partners begins to deliver positive financial results for the Group. The Cool2vu service is expected to grow further post expansion into North America and Australasia during the second half of the year. Since launch, the Cool2vu service has been accessed by more than 149,000 users in 184 different countries, with an average session duration in excess of 40 minutes. Yoomob continues to grow revenue through its transactional revenue model, and the dependence on the Group's primary Indonesian customer has reduced further over the past six months............the balance sheet has strengthened in the period since the year end. The level of long-term receivables has continued to
fall and the net cash balance stood at £0.6m as at 30 June 2015 (H1 2014: £0.4m)."

Interims are due before the end of September so we will wait to see whether the recent turmoil in Asian markets has had any negative impact upon the positive progress they alluded too in Q1.

[adamb1978] 15/7/2015 08:57

Would have been unusual to see much more detail given the recent results, but the cash position comment helps. Its hte only logical thing which is holding back the share price at the moment - once hte market doesnt think that they might need to raise equity, then this should re-rate quickly

[daz] 15/7/2015 08:03

Re the AGM statement, a little light on detail, given that numbers should be known but it looks like things are going in the right direction.

[scrutable] 05/7/2015 12:41

I have looked quite assiduously - without success - for a note of just how much of the old receivables debt was repaid last week. Why is the company so shy of stating the facts?

Would someone with sharoer eyes than mine care to repeat what I have missed?

This is an astonishing growth business with a clever strategy, first mover advantage, and very much on the ball commercially. A great investment I believe despite the (fading?) originally high risks

[androyd] 03/7/2015 17:57

Holdings RNS, Utilico Emerging Markets have added.

[androyd] 02/7/2015 16:19

Be nice if it was Rakuten.

[mikeja] 02/7/2015 16:15

Yes,interesting question remains,who were the buyers? Hopefully we will get some clarification over next few days.Almost certainly institutions.

[androyd] 02/7/2015 16:08

Looks like a Greek bail-out!

[masurenguy] 02/7/2015 16:05

Thanks - found it now on their website.

[mikeja] 02/7/2015 15:55

Google up Syqic shareholder register and it is on company website,under Securities and Information. A Mr Angelidis owned 2,158,771 shares,8.03% of the co.Is that a figure that rings a bell? All other transactions are buyers,I suggest,as the shares are placed.Mr A was a pre IPO holder if you look back.

[masurenguy] 02/7/2015 15:40

mikeja - do you have a link to the company share register? There is no shareholding data on their website and my other usual sources just indicate no institutional holders and don't list any significant private shareholdings.

[mikeja] 02/7/2015 15:28

Interesting question is where the shares have been placed.

[mikeja] 02/7/2015 15:14

Have a look at the share register and you can work it out.Nothing to do with Jamal.

[mikeja] 02/7/2015 15:10

Nothing to worry about here.

[masurenguy] 02/7/2015 14:46

It could be a private sale to one or more entities at the agreed current Bid price of 37p. There is not much stock available today with 25,000 @44.75p as the maximum available on offer at the moment.
Both sale transactions of 2,158,771 and 810,000 are over the 3% threshold so there should be an RNS to clarify these trades over the next few days.

[androyd] 02/7/2015 13:43

That's over 10% sold today and no movement in sp, what's going on?

[daz] 30/6/2015 13:47

I'm hoping to go Mike

[mikeja] 30/6/2015 12:02

yump,what are you smoking or is it the 50% scotch?:)

[mikeja] 30/6/2015 11:46

If the cashflow probs are now sorted these are worth far more than current price.Given prior hiccups they will take some time to get the rating they deserve but 50p short term should be reachable.
AGM is 15th July,I was the sole attendee last year but hopefully one or two posters might get along.

[yump] 30/6/2015 11:42

There should be a ban on 'there's no smoke without fire', as clearly there can be smoke for all sorts of reasons. Some of it is just mist, 50% of which is scotch.