Syft Technologies Limitd

[percy]

Syft agm.
Agm started at 1pm.Outgoing Chair R Richardson spoke well.Then handed over to MD Don Hastie,whose enthusism radiated.He then handed over to the CFO,who spoke well.We then heard from another four or five staff who included, sales,R & D,production etc .All spoke well.Then we saw an excellent video of what and where they do things.All incredibly postive.
Concentrating on Semicom and Enviroment,however still working on other areas,such as ;pharmaceutical industry,breath research and food processing.
Air monitoring.Only manufacturer of "real time" equipment.So no need to send samples to laboratories.This is very important.
Used in container safety,outdoor air quality,odour emissions,indoor air quality,vehicle emissions,and laboratories.
Staff numbers have increased from 46 in 2017 to 101 in 2019 and today 113.
Revenue growth 2015 ..6%.......2016..15%..........2017..36% ..........2018..49%..............2019 ..69%
ROE ...24%............Margin 61% which they are looking to improve.
MD was asked about listing on NZX.Sorry I should have done some work on that this year,however I have been to busy...lol.
Most probably the best presentations I have ever seen at an agm.
A big meeting,with many original shareholders.Had to leave early,however I can only say if you hold Syft shares you are "well postioned".
After all that I see the presentation is now USX site.Better check my facts?.!

[Oliver Mander]

Thank you for the update Percy. Interesting response on NZX query - was one of the questions on my email list (never sent) for the company!
At the moment, I'm happy with my little foray.

[percy]

Thank you for the update Percy. Interesting response on NZX query - was one of the questions on my email list (never sent) for the company!
At the moment, I'm happy with my little foray.

Before the meeting I knew a bit of their history.I learnt so much from attending the meeting.Learnt more in an hour and a half than I would have reading up on them for a year.!!The people are passionate,they have "the edge", and now the reputation to deliver on their promises.I never expected to come away and placing a buy order . The importance of attending these agms really came home to me.
Thanks to others here for motivating into going to the meeting.

[garfy]

Thank you Percy for your input. Much appreciated! This is a most interesting company, with very good leadership, driving a team who are intent on proving their science world wide. The results so far are stunning. I do like their balance between science and commerce - one without the other doesn't work. A very happy holder.

[percy]

I have been buying a few at $1.03 and $1.10.
Interim result is sometime away.It will be released late November or early December.
At agm time they would have had 4.5 months under their belt,and being so upbeat at the agm,I expect the interim will be good.
I thanked CFO Nicole Robinson for allowing me to attend the agm,and asked her about the big sale at the end of the financial year.It was to Micron.She expected more steady[even] sales in future.

[percy]

I have been buying a few at $1.03 and $1.10.
Interim result is sometime away.It will be released late November or early December.
At agm time they would have had 4.5 months under their belt,and being so upbeat at the agm,I expect the interim will be good.
I thanked CFO Nicole Robinson for allowing me to attend the agm,and asked her about the big sale at the end of the financial year.It was to Micron.She expected more steady[even] sales in future.

The result was very different than expected.
I would guess some said "I am gone.".Meet the market.and move on".Trouble meeting the market was/is the buyers were well below what SYFT had been trading at.
My own view is I will give them more time.Most probably until this time next year.

[percy]

The seller at $1.10 has finished selling.
Only 10,000 for sale at $1.32.
72,750 on the buy side from $1.05 to $1.10.

ps.I have finished my buying until the interim result.

[whatsup]

Percy, Well done.

[pedro.nz]

Have held since the beginning so have observed the hard struggle it has been to get to this point which is not unusual here in NZ for startups coming out of our universities. (Eg Bliss - still going, Nuon - no longer around)
Great ideas and technology but it is always difficult for these companies to get traction in the markets that matter and to get the funding needed to do same. Looking forward to the day this one realises Doug Hastie’s dream of being a billion dollar company
Went to the AGM and yes, they certainly sounded enthusiastic didn’t they. I got the impression that they are now a much more structured company than they have been in the past and with well selected people at the wheel they will continue to improve markedly year on year.

[percy]

30,000 shares traded today at $1.15.Seller still has 1347 for sale at $1.15.Next seller has 5,000 for sale at $1.19 and the $1.32 seller has 10,000 for sale.
On the buy side 18,000 wanted at $1.12.