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I was waiting...but seem to have missed out
All I can say is you certainly DO have an idea if you are here mate. You can spot a genuine investing opportunity with solid results, solid partnerships, growing recurring revenue, massive market exposure mixing with huge names. Rather than the typical 'contracts on the way - jam always jam tomorrow' outfits that litter AIM.
Agreed Dibs, Wish I had had some spare spondoolics this morning, as I would have done the 'the rat up a drainpipe' as in my initial purchase last year. Looking forward to the US Taking off, and the Oracle initial sign-up is great, not many bigger with potential excellent, the market is still asleep to this gem. Regs.
I bought when others were selling this morning. I know there are doubters here but I know this is a fantastic opportunity, not without risk, nothing is on AIM. But these guys are selling their excellent product through partnerships/integration with some of the largest CRM companies in the world. Wakey wakey mr market stop focusing on the now (in terms of revenue) start looking at the future!
47.5p rally from this mornings low. What a bullish turnaround. Those people who (quite frankly stupidly) sold out this morning must be gutted.
We do trade as a private family company, so it is habit to say we. HUR looks good. We were too late for the big rise although we were watching it. Can you believe there were investors selling c5,000 Synety at c£1.75 and now they are back to over £2 to sell? It does pay to know the companies you invest in and not to panic. PIs talk about MM games but I believe they simply react to supply and demand. They trade as wholesalers, they don't buy and hold large numbers. They were not going to risk being lumbered with SNTY when there were only sells early on. On level2 you can see the Bid Ask prices adjusting when a partcular share is selling selling very quickly. The adjustments are so rapid it has to be a program, not human intervention. The one strategy they do use I know from someone who worked for a MM, is to mark a share down to trigger stop losses where they are filling a large order, at the same time as delaying reporting their buys.
I do hold two remaining small miners hoping there'll be a buyout or joint venture down the line so I'm holding rather than realising a loss right now. I have one oil (HUR) which was bought on research alone not intuition and it's looking good aside from last 2 days drop over Scottish independence uncertainty. Anyway, SNTY was staging a recovery to £2.10 and just dropped to £1.72 (22% down!) so it's an extraordinary day - maybe what folk refer to as 'MM games'. Brycen you write posts using the royal "we" - are you a company / investment house?
We totally agree about small cap miners. We are looking at oil companies again. Some of their prices are very low after such a long period when sentiment was against them. But you have to be careful, some companies have multiple asset and are conservatively managed, Fastnet for example, now recovering from an all time low, conserving cash and seekiing farm in partners. Some rely on one asset or even one drill. Take Tower and Tangiers recently where a dry well meant a massive loss. However, Synety will reain our biggest investment, relying on growing revenues which you pretty well know will happen rather than drilling for minerals or oil, which is always massively speculative.
Thanks to Dibs and Brycen for your considered and reassuring posts and to Dino78 for the TV link. I topped up yesterday as my diary was flagged with the interims and investor day today - wish I'd left it until this morning as I've paid over the odds. It is strange as you guys suspect PIs bizarre strategies and shortsightedness (seeing "loss"). I'm sitting tight as I feel the product and company are sound and run by level headed types; time will tell! I think my real problem is that I tend to be an intuitive investor - no problem when it goes right but when it goes wrong my investment decisions are difficult to defend! Overall though, my 'intuitive' stuff is going quite well but I've learnt to stay out of mining exploration companies - I reckon small cap miners share prices behave less predictably than atom movements in quantum mechanics.
Investor open day is being held at Synetys office in Leicester this morning. Be interesting to see what happens later today. I don't think investors will be selling their shares afterwards!
This is our biggest holding and we have been convinced the future is huge and investing here building our holding for a over a year. I guess the PIs who sold today saw one word "loss" and that was enough to bail out. In my opinion it is madness. They ignore the fact the loss is from doubling the sales team and opening a USA office. The way they are selling in the USA through integration with major American CRM companies is clever. It indicates success, unlike so many IUK companies incluiding M&S and Tesco who have failed there. In our opinion Synety has the potential to become a very large company. With such a first mover advantage it is difficult to see another company overtaking them. I am not that puzzled by the drop. Some PI investment strategy defies belief. Look at Evocutis, by comparison a company with nothing but promises of potential and very little substance. It is on a rollercoaster ride driven alternatively by hype, optimism and them panic selling and then back again. Give me Synerty any day. Look at the past performance of Cloudby and Seeing Machines to see what happens once a company's potential is recognised. Look at the integrations Synety have made and hopefully like us, you will feel this company will go places. It is simply not on investors' radar yet. Note, the institutions are not selling and the open offer was over subscribed at 250p. They have plenty of cash, a growing customer base and revenue. One of the few exceptional long term investments on the AIM but please DYOR.
I've said before if you have a report with nine positives and one negative this market will always focus on the one negative. My own feeling is that it was at first sight a slightly confusing announcement and the message within it. But I've checked the growth in the KPI's and it very good. It seems that as Synety brings on board bigger customers they, in turn, take longer to 'go live' than their earlier small customers. This has created a lag in revenue forecasts this year. But ARR growth looks very strong to me. Getting on board with Oracle is excellent news as they are another top ten premium CRM provider. Market response not completely unexpected IMO but has created a good buying opportunity which I see some people are already starting to snap up. I have topped up this morning.
TV interview with Simon Cleaver on today's results; http://www.fmp-tv.co.uk/companies/synety-group
Dibs61? Anyone more knowledgable than me? Help! I believe in this little company and just read the RNS. Not bad at all - steady growth but not mining style "we've struck oil" but steady - the management aren't prone to hyperbole. Then new integration announced with ORACLE - 2nd largest software company! The share price as I write is on Google at £1.95 (11.4% down). I think this might be a message for me - you're out of your depth in AIM stick to the larger FTSE 100 companies. Any further insight welcomed.
Yes del that would be good but they're already fairly loaded up so we'll see. KPI's in early Oct should be more illuminating and significant than the interims IMO. I'm expecting a sharp rebound to stronger growth again after a slight slowdown earlier in the year caused by the office move and other factors.
Agreed Dibs. Lets also see if we get some director buying after the interims as well.
Important facet of next Tuesdays interims will not be the results as we know we're not at break even yet. It will be about any indication of progress in the US. If that is bullish I see a good run in the offing as we're now at a fairly sensible valuation. Long term this has got winner all over it provided management can execute strategy and take us to profitability without over extending capability. I believe they can.
This time next week interims and investor open day.
We're going to get at least two significant announcements in the next month or so. Look out in particular for news on US venture - very exciting. Interims are due on 9th Sept KPI's update due around 7th Oct Could also get more news of contracts and/or integrations. I expect the SP to be somewhat higher than the current level by year end.
Salesforce is SNTY's biggest integration partner and therefore has potentially their largest customer base. Read these reviews by Salesforce customers talking about CloudCall: https://appexchange.salesforce.com/listingDetail?listingId=a0N3000000B41HaEAJ&utm_medium=social&utm_campaign=Salesforce1_Ribbon_8.22 Very satisfied customers using a great product which improves their business performance and productivity and provides them with a great back up service. No brainer investment.
Best day here for a while and finished at high of the day.
Looking forward to the interim results to 30th June on 9th Sept in which I hope we will get an update on the US operations. Company still on course for 30 integrations this year according to SC. If so, that means we can expect a healthy news flow between now and the end of this year.
third decent RNS of the month, feels like their is some momentum here. be interesting to see what the run rate numbers look like for Q3. sit tight.
That's the nature of this AIM market Dave. Most shares actually spend more of their time going down, it's those 'growth spurts' when they're going up which we hope will produce the returns. It's normally a patience game.
Totally agree. I just wish the share price would stop difting down between these anouncements so that some real gains are actually made!