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Revenue, PBT, and EPS all increased hugely over the half year. This is something I predicted months ago because of how exceptionally poor 2013 H1 was for the company. SyQic have also confirmed that they made £1.96m in July and August also so, on a run-rate where we presume revenue per month for H2 is the same as July & August’s, would make full year revenue of £10.47m. This would represent an impressive 123% increase in revenue. The PBT margin is about 21% so we can reasonably predict full year PBT will be £2.2m – a 2100% increase on last year, or a 279% increase on an underlying basis (excluding exceptional costs relating to listing on AIM). Therefore the FY results will sparkle as I guestimate that… Revenue will show c 120% growth PBT will show c 2100% growh Underlying PBT will show c 280% growth Forward PE ratio is 6.9 – suggesting this is very cheap Forward EV/EBIT is 8.25 - suggesting this is very cheap And TNW to be about 27% of the market cap – alright Conclusion SyQic is offering both remarkably fast growth and you can currently buy that at a cheap price. Strong Buy.

13p held mate and it was less than a 1% fall today, so nowt to worry about :)

The recent RNS said: "The board anticipates that the activation of a mobile payment service for its OTT offering will complement Yoonic's current scratch-card payment method providing a simple process by which customers can pay for content directly via their mobile phones. The new payment service is expected to help facilitate the proliferation of the Yoonic TV service into new markets globally." Which sounds amazing ofcourse but I just happened to remember that SyQic partnered with Bango (AIM:BGO) a while back to provide frictionless mobile payments so why does Fortumo now come in to it? Why has there currently been a scratch-card payment service? Did the Bango partnership not prove fruitful? And, if so, why weren't we told? Hmmmm

Crash next month. Oh yeah how could I have forgotten? Haha

I first tipped this at 265p and, in just twelve days, it's already up 11% ...but I'm not in yet. Please hold up!

Hi paduardo, Ah I didn't realise that. That's superb news - it shows that the results aren't heavily dependent on there being loads of IPOs etc (my one worry) I'm delighted. The forward PE ratio (on a run rate) seems fair to do now, and it calculates at just 7.95 - brilliant! Very best regards, Dan

Growth at a reasonable price with Produce Investments A potato growing company called Produce Investments (PIL) has just qualified for the both the Zulu Principle and the Naked Trader screens. It exhibits the characteristics of a classic growth stock at a reasonable price, with respective trailing and forward P/E ratios of 5.8 and 7.1, despite the fact that earnings per share have grown by more than 1,300% this year. Sales have also grown by 25%, while earnings are expected to grow by another 16% over the next twelve months. PIL’s cheapness could perhaps be attributed to weather related issues that affect potato price volatility. On the other hand, the company does meet Jim Sater’s qualitative criteria of offering ‘something new’, in this case, a new acquisition. On 16 May, PIL’s announced plans to acquire The Jersey Royal Company. Management insists that “Jersey Royals are a widely recognised brand in the UK”, and the takeover could strengthen the company’s product offering and broaden its consumer base. Produce Investments (PIL) also meets another qualitative Zulu criteria, namely a positive outlook from the chairman. PIL’s interim report for H2 2013 noted that “the business continues to perform ahead of expectations, with integration plans completed ahead of schedule.” Management also insists that the company is “on track to meet market expectations for full year.” http://www.stockopedia.com/content/guruscreens-upgrades-amp-downgrades-june-3rd-83757/#sthash.phAErz9r.dpuf

For those of us who can't view the article cos of the paywall (like me) would you mind telling us what it says mate?

Financial highlights • Pre-tax profit from continuing operations of £1.9m (H1 2013: £0.3m) - 533% rise • Post-tax profits of £1.6m (H1 2013: £0.1m) - 1500% rise • Earnings per share of 10.00p (H1 2013: 0.93p) - 975% rise • Debt free balance sheet Operational highlights • Significant growth in revenues across both primary and secondary businesses • Growth in corporate finance and related income reflects a strong client list • Selective investment in new people continues across the firm The outlook is bullish too. The forward PER (on run-rate) is just 7.35 now for a company showing 500%+ rise in PBT is outstanding. There's Value and Growth here. Superb!

jolly, I don't think its cash flow positive yet but allenby capital said it's confident it will be, for the first time, in H2 2014. I'm not sure if it'll be that soon because, for it to be that soon, would rely heavily on PTNP paying off their debt quite fast (probs at same rate would do) but I don't trust them to do so. I just know that, in the medium term, as more and more cash is generated from the OTT model then SyQic will inevitably become cash flow positive. My prediction is by the start of H2 2015 (trying to be conservative). Either way, by this one negative no longer becoming a negative with a medium term view, this is well worth buying because it's thoroughly undervalued at present. Glad you topped up. VBR Dan

I agree. IC have gone down in my estimations I have to admit...

no problem btw is it goes EG solutions because EG are the initials of its founder, Elizabeth Gooch? just a thought

Gav, Check out my 21st August post. This looks really cheap. I think it just suffers from illiquidity so am umming & erring over what to do (because there's other shares I really like too) Let me know what you decide. Dan

Interestingly their revenue esttimates have increased and they now expect revenue to grow 100% this year. Yet profit and EPS forecasts have gone the other way. Nevertheless PBT will rise 220% officially, and 46% in reality. And the forward PE ratio is just 8, and the EV/EBIT ratio is below 8. Both of which are superb. Obviously the biggest concern is about cash flow but I think it is sorting itself out now, and won't be long before this company - for the first time - is cash flow positive.

Could be transformational for SyQic going forward, especially considering their one weakness to date has been cashflow and this will help address it. As said previously the cash flow problems are linked to the Telco offering. Allenby Capital, the broker, have made this point before saying “a major limitation of the Telco model is that SyQic has to wait for the Telco to pay SyQic it’s share of the revenues”. Whereas the new OTT model means that users no longer need to go through a Telco to access the system but can instead access the website and pay SyQic directly. Specifically, the problem lies with one Telco (PT Nextnation Prisma), who owe money for the 2012, 2013, and 2014 years. From what I understand this is linked with the regulatory issues that emerged in late 2011. Anyway, from going through the Allenby Capital broker notes, there’s 2 PTNP repayment plans going on at the moment. There’s one for the 2012 and 2013 years, and then there’s the 2014 repayment plan. The situation is so bad there’s more than one repayment plan, and I don’t feel like the company is being honest about this. I’ve had to work a lot of this out from Allenby Capital broker notes, and that’s not right. I really dislike how they said “Given PTNP's confirmation that 2014 will not be on a payment plan and the fact that the Company has now received consecutive payments for January and February 2014 within the previously notified timeframe SyQic will not continue to announce the receipt of PTNP payments going forward.” The good news is PTNP have paid £1.4m out of the £1.9m they’ve paid under both repayment plans in the last 8 months. This suggests they’re paying off their debt to SyQic much more quickly now. Consequently Allenby Capital reckon, for the first time, SyQic will be cash flow positive in H2 of 2014. The superb news is that SyQic have partnered up with another company to launch a mobile payment service for its OTT offering. The company, Fortumo, collects the money off customer and SyQic then collects the payments on “a monthly basis leading to an expected improvement in overall cash collection.” Because Fortumo has live mobile payment services in 81 countries, with a focus on emerging markets, the partnership will also facilitate Syqic’s plan to introduce its OTT services into new countries. So, all in all, this is a very good RNS. The future looks very bright here.

Well done for finally buying in buddy :) PS - there was a lot of buys on Friday so I'm very surprised the share price didnt reflect that...

Riddler dependiong on ones average on SFE, I just can,t see it breaching £140mln/180p any time soon, and while its a cracking company with divi and cash flow to die for, its the choice of words ( like THAL @ 200p+) that I am picking vibes from .......or am I being too unkind? Our expectation for the market as a whole is of modest volume growth for the remainder of 2014 and into 2015. With our focus on increased geographic penetration and market share gains Libero Re: SFE Yeah you are being too unkind IMHO. The company is growing in a very solid, organic, and boringly predictable way so I don't see it doing a THAL. Just look at how it's market share has grown year on year (and another 5% in the 6 months from December to June). Having said that it's boring, because of exceptional stuff which hit their full year profits in 2013, PBT will "officially" show 80%+ growth (or 14-20% growth on an underlying basis, which is more accurate really). As a result the PE ratio is 10ish, the EV/EBIT ratio is 8.5, the yield is an impressive 4.9%, and so it's likely to re-rate with the FY results being the catalyst I reckon. Could be wrong of course but SFE looks like a winner to me.

A couple of quick growth stats courtesy of Stockopedia ………. 3 year compounded sales growth of 30.2% per year! 3 year compounded EPS growth of 63.6% per year! This years revenue and profit is expected to also be growing strongly, a P/E of 20 here is still cheap based on the growth rate.

AEO Full Year Results are out in three weeks time and the share price is likely to appreciate hugely IMHO. -This time last year the share price jumped from 18p to 47p. Additionally, before the interim results were released in February, the share price rose from 35p to 71p. (it’s ability to rise could be linked with the fact it has very few shares in issue) -Very few shares in issue -The results will be bloody good. Profit before tax will be at least £500k. The BOD first said this in April and they reiterated it on 28th July. - This means the final year results will show profit has grown by 39% at the least … but expecting PBT to be £500k may be conservative considering H1 PBT was 97% up - AEO have a lot of cash. They said on 28th July that they expected cash to be £1.5m, that equates to 28% of the Market Cap. - They have more cash than their total liabilities (both current and non-current). - AEO pay a dividend (of 2.4% at present) - Even if PBT does grow by 39% to £500k (only), the EV/EBIT ratio will still be about 9.5 and the forward cash-adjusted PE ratio is about 8. This means it’s very cheap considering the growth, the superb balance sheet, and the fact it pays a nice yield also. - Long term contracts in place provide good revenue visibility. They announced a £2m contract in April, that would last 3 years. In July they said they had signed a number of high profile contracts, including a 3 year contract at Cannes Lions. Summary This is a company that fast-growing, cash-rich, and undervalued company that usually rises a lot around the time of results. I reckon it’ll reach 90p within a short time frame, representing a 46% upside. For research, read Riddler’s article from April http://www.valuethemarkets.com/index.php/2014/04/07/aeorema-communications-plc/

Just flicked through this week's edition and they've tipped THAL again at 139p and said they were unlucky about the timing of their tip last time around (they seemed quite sorry for themselves!)