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What the f… Well unless we're going to see some delayed sells this has to be a shake to try and pull out some stops or weak holders surely? Putting my optimistic hat on maybe MM's need some shares to fill an order and as this is so illiquid best to knock the price down and pick em up cheap.
I agree and did not mean to denigrate your remarks in any way. Company is adopting a prudent approach as well which is good ie.not throwing money at the US until they can see there is a sufficiently large market for us. SNTY has plenty of capacity on their platform for 100,000 seats (users). Another thing I like is that they don't have to spend a lot of time and money selling their products as partners do a lot of the donkey work there. A couple of points I'd like to add. I don't think the market really 'gets' this business model yet and thats part of our problem atm. Secondly, slightly longer term I'd like to see evidence of new products emerging.
Yep we're hovering around the bottom band. Need a catalyst. Great ramp btw lol.
These guys have the right offering and are pushing hard to onboard more partners/integrators......I picked up a slice last week and if the dip goes sub 150 will be back for another slice before the festives. Sound investement....
It's given good news almost weekly. Surely the profit-takers are mostly gone. I think we may see a small slide, or perhaps just widening of the spread up until an update on figures, when the market will make a decision one way or another. Personally, I think it'll fly.
news otherwise it'll drift to 140s again methinks - most defo worth another look down there if it happens ...
Yes, have to agree on all counts. This is def a company to be invested in rather than trading. The spread also stifles the sp. Will add if the sp drops below 150p, although I do not expect it will.
Mine was the only trade of the day. I thought I'd top up. I know it's not going anywhere far in the next month, but it's a good entry point still for when the results come. M
I think the lack of shares are always going to exagerate sp movement. Good and bad. I seem to remember on the last rise there were more sells than buys. Perhaps a seller in the background. Not sure if you have experienced the same but every time I have traded this I have to ring my broker. Tbh, who knows.. just my thoughts.
14,983 out of 24,112 shares traded today are BUYS - over half yet we are 6p and 3.43% DOWN on the day. Can anybody explain how that reflects supply and demand?
Stucki, hope you manage to get your entry point. Not sure how many shares you intend to buy but your post seems to reflect the sp movement.
Thanks for your views - good post. :-)
I think the market doesn't really understand or at least cannot accurately evaluate the worth of each of the integrations. We know they open a door for SNTY to new customers each time and that they will add new 'seats' as a result. But its very difficult to quantify as we don't have enough information. I suspect NetSuite is likely to be one of the 'biggies'. A look at their customers on their website shows they have customers in a number of different vertical industries simply because they are an ERP provider. I note they (NetSuite) are growing their revenues rapidly, latest Q3 results: "Record Q3 Revenue of $106.9 Million, a 34% Year-over-Year Increase" I also see they are targeting mid size ERP customers in particular where they feel SAP have exited the market. I think this sounds a good fit currently with SNTY CLoudCall. In terms of the markets ability to rerate SNTY it looks like this will largely come through trading updates the next we should receive probably early in the New Year I suspect. A big announcement on Oracle or SAP could change that though….
Surprised there's no comment? So, NetSuite latest for SNTY to climb on board with. American company with a growing UK presence but, of course, SNTY now have a US telecoms licence so they can begin selling to NetSuite in the states. Now, I like this integration. Why? Because it is not a CRM company, it is an ERP company, so a much bigger and a different product offering. This matters to SNTY because it substantially widens the scope of who they are selling to. ERP's are essentially sold to larger companies who wish to unify all their various functional operations under a single software platform. And ERP's tend to have a large number of users. The other really ERP big catches that I'm looking out for in new integration partners are Oracle and SAP. I know that SNTY have high level contacts with SAP and I would imagine that, given the sheer size of SAP, it is simply a case of waiting until SAP have the resources to complete the integration work from their end. This is quite normal for a company of SAP's size which has a large pipeline of projects to work through and though this would be highly significant for SNTY its probably not quite so high on SAP priority list. Nonetheless another piece of good news this morning no question.
We're still in an uptrend based on a 1 year chart. 20 day EMA is also still above 50 day EMA which is also bullish but we are at a key point just now.
Yes a big spread unfortunately, presumably cos the vol is so low - and yes, the counter-benefit to that is that just a few trades can really move it as I and a couple of others discovered at 120p ;)
called? ;) OK then, nice sensible gap fill Friday which, hopefully, bodes well and clears the way to my (current and first) target of c250p - bit of a key point here though at the mo as it could go back to 140s/150p but that 225p gap is begging to be filled and I'm hopeful that she'll keep going from here ...
any chartist here?...are we concerned by lower highs?
I suppose it is to be expected when there are so few shares in circulation. Small trades seem to exagerate the sp movement. I have also noted the spread on the sp. Always 5% or above.
One word. Disappointing. But, only one day and lots of good ones to come.
Thanks for clarifying that. Had a look at the company's website earlier. Still recruiting staff which is always a good sign. What cannot be disputed is SNTY are a growing business and no doubt the MC will increase accordingly. Looks like we are holding on to this weeks gains. Happy days.!
Smeagol - agreed with your hypothesis. leas - the business model doesn't work like that. SNTY's integration partners effectively do the selling for us and, if necessary, SNTY go in to present and seal the deal. But we don't get notification of contracts because all our business is conducted through our integration partners as our product becomes part of their product if you like. Smeagol is right, we will obtain the overall sales (seats) progress through trading updates and hopefully we'll get another one in December if not the new year. I'm expecting impressive progress.
It's good to hope. I'm not sure, but I think most of the partners we'll work through in the US are the same as we're with in the UK, so I don't think we'll see news of progress in the US until the initial sales figures start trickling through, and I doubt we'll get an update on those until the new year now. Should be very good when it comes tho! Maybe a couple more integrations before then (?)
was hoping rather than predicting. However, I suspect every time a new contract is signed a RNS will be released. American contracts especially.
Timely news tomorrow?