Member Info for jollyspeculator

again...that's probably a buy lol

1750@62.8p ...reckon cheap now on EV/EBIT ...but clearly the adage: profits warning come in three would lead you to avoid this lol ...(oh and my previous enthusiasm for SAL was misplaced...so I have form here)

this...and for the ceo ...AIM investors are becoming pretty harsh on (wary of) FCF issues for growth companies imv ...even for gbo (now +FCF and trading on less than 10* according to my assessment of run rate...& with euro40m+ net cash) ...so if you compare SYQ and GBO (which is kinda fairish), then the challenge for SYQ is clear enough ...dyor, all...opinion only

v good post...recommended

...going nowhere slowly & perhaps another consolidation ...and all in context of low low comparators like gbo

now in that post is one of the greatest bits of advice ...never paid to be a trader, but spent plenty of time in their refined company...& I imagine that refusing to sell at a loss (JUGGLER are you reading lol?) is a clear sign that you are not up to the job

just banter & waffle only

lull,,,hmmmm ..hammock time & Jolly Mad Bottoms ...What not to like?

no..you are young & open minded...this share thingy takes a long long time in my experience...keep at it... ...you've got plenty of posts from interesting characters on LSE to read...riddler...perhaps even fg01 if you are desperate lol ...just don't be reckless lol

and have the bears really sunk their fangs in here yet?

lol...no idea here m8 ...much prefer to buy into sp strength on good news re revs and in particular +fcf

buying more until FCF clearly on right track

surely oversold for today?...so perhaps some recovery.. ....I am not looking to buy more for a while (happy with my free carry...in wait & see mode) ...very interested in next IMS/substantial rns...but my concerns on FCF will take time to play out, so may not be

too kind to say genius...but I have pro training & long/successful experience...and in AIM that is/seems rare.... outside some of the iis

OK..here's the thing lol ..companies need working capital (WC) to support the manufacturing and payment cycle...without being too rude, best to look at a textbook for more...absolutely baserock/necessary work to give any investor a chance of understanding what is going on ...Cashflow (CF) and Free CF (FCF) are periodic analysis of actual cash in and out of the business...one of the three fundamental statements in all accounts...usually the third presented...have a close look at SYQ's...interesting stuff...worth spending 30 minutes at least if you are unfamiliar with terms...and make reference to the relevant notes ...financial analysis matters, folks...and certainly gives me an edge (imho lol)

yr post is fine imv... ...I am concerned about WC management here ...looks like close run thing given limited cash ....but opinion only ..cf gbo with euro42m net cash getting in the neck lol

worth spending some time here looking at the CF...doesn't look pretty in 2013 or 2012 ..where is the FCF? ...it is not necessarily non payment that may present challenges..it is merely the cash conversion cycle...and look at gbo to see what a lag on sp that may cause ...suspect this may fall (?much) further... & esp if Paul Scott (or some other character better known to investors than Jolly) are harsher than I am about growth and/or balance sheet ..opinion only (back on free carry, as you might have guessed lol)

yes, Dan, I highlighted this on shan's Fin Analysis thread and on the SPE BB...for tech companies the handling of R&D expense is important to understanding what goes on...most particularly to avoid schoolkid error of focusing on EBITDA ...the choice (allowed by the auditors as far as I understand) is for capitalising a portion of R&D expenses in a year cos this is deemed investment like buying a piece of kit) ...SYQ still capitalised £342k (as per cashflow) last year...so a little puzzling given statement on fully expensing. ...but I wouldn't raise a red flag lol

"As a consequence of the continuing strong billings in the first quarter of 2014, trade receivables have increased further since the year end"...with only £1m cash: do they have enough to support growth & how vulnerable are they to non payment by major telecos (or others)? Goes on to try to reassure:.... "although the Board remain confident in the payment arrangements that are already in place. The Group's largest customer, PT Nextnation Prisma has fully adhered to the payment plan entered into in 2013 and the original £2.4 million receivable has now been reduced to £1.8 million as at 31 March 2014. A new payment plan has been agreed with PT Nextnation Prisma to settle the 2013 receivable by June 2016.

support is vulnerable...given poor results (on surface)... ...I didn't like Q1 rev lower than previous Q (despite excuse offered) ...well done, hh, for taking quick buck ...now worth waiting & watching imv