SYQ6 Nov 2014 11:26
Creeping massively under the radar here. Hints from the last RNS that takeover looks to be highly likely as SQY continues to grow and take a larger slice of the asian market. Maaduu opens up some exciting doorways for the company and exepect revenues to increase significantly. Project PE of around 6 from the Interims but could even be as low as 4-5 come year end. At some point SYQ SP will start moving northwards as it should easily be over 100p.
"The acquisition of Maaduu and the subsequent re-launch of the service by SyQic comes against a backdrop of the recent acquisitions of Viki and DramaFever, by Rakuten for $200m in September 2013, and, by Softbank for an estimated $100m in October 2014 respectively. Both Viki and DramaFever were focused on supplying Southeast Asian content. Both deals, particularly that of DramaFever, indicate that targeting highly engaged audiences with niche content has been a successful strategy."