PDA

View Full Version : Syft Technologies Limitd



garfy
12-12-2018, 06:05 PM
A very interesting Tech. company that shows great promise. Under the guidance of Doug Hastie over the past 6 years, every report has shown progress in every department. Staff almost doubled, output set to increase, financials healthy, and a great range of clients..... What's not to like?

Arthur
28-02-2019, 05:12 PM
Dear Shareholders,

After several months of onsite trials Syft has just signed a letter of intent for multiple units with a large Semiconductor manufacturer for its instrument to be used as the global standard for airborne molecular contaminant monitoring in the cleanroom. While this letter of intent is non-binding, our expectation is that it will be formalised and we will deliver multiple units over the next 18 months.

This success is on top of our growing supply relationship with Samsung and there is an expectation within Syft, that we can extrapolate this success to other major players in the Semiconductor industry.

Our business in general in Asia is very strong. We opened our office in Korea earlier this month, and had over 70 customers and partners attending. They view this new office as a strong commitment to this market, and will generate even more growth to what is already a strong market.

Finally I would like to say thank you to all Syft staff. This success is due to many hours of hard work, and initiatives taken over a number of years. When we started this journey, we did not know it will lead to the customers we have today, or the Semiconductor industry in particular. The success we have today though is due to our confidence in our future, our focus on long-term profitability, and sheer persistence and hard work to persevere no matter what the obstacle. We at Syft don’t see this as success, we see this as the start.

Regards,

Doug Hastie
Managing Director
Syft Technologies

kiora
28-02-2019, 07:52 PM
I can't find a current financial report,can someone post it?

percy
28-02-2019, 08:46 PM
I can't find a current financial report,can someone post it?

Go to www.usx.co.nz
Click onto market.
Then quote sheet
Then SYF
Then announcements, and 2nd announcement is the annual report.

garfy
07-03-2019, 06:39 PM
A good interim report from SYFT - over a million shares traded today...... Proceed with caution, but I like the way this company is moving!

garfy
15-03-2019, 11:53 AM
A very good presentation at Forsyth Barr Emerging Companies presentations. Increased demand and productivity, and a growing top line. Not afraid to point out the areas where progress has gone more slowly than hoped. But over-all forecast for 2019 most promising!

pedro.nz
15-03-2019, 04:54 PM
Do you have a link please Garfy

percy
15-03-2019, 07:57 PM
Go to www.usx.co.nz
Click onto market.
Then quote sheet
Then SYF
Then announcements, and 2nd announcement is the annual report.

Follow the above and you will find the presentation.

garfy
16-03-2019, 08:47 AM
This presentation was on 14/03/2019. Easiest to find by going to <www.usx.co.nz>, and on the right-hand side of the page is the link. Cheers.

pedro.nz
16-03-2019, 11:13 AM
Thanks for that

garfy
19-03-2019, 06:27 PM
An interesting couple of weeks for SYFT.... 1,500,000 +shares traded, a very positive presentation..... increasing interest in a company that is presenting itself to the world in a very positive way, the science is good, and the staff growing both in numbers and abilities. I like it!

Waiuta
23-03-2019, 11:03 AM
Is there any indication when this company will be paying dividends. I still wonder if this is another Hi Tech NZ company shredding cash chasing scale. I recall when it first started from tech out on Canterbury University. If I remember rightly Stephen Collins (x Harcourts) was involved earlier on the board. I think the technology is world class but what's the cost of getting it to market? Things seem a bit vague and I'd be interested in other's thoughts.

garfy
24-03-2019, 06:15 PM
I have re read most of the announcements from SYFT and feel fairly confident that the forward projections look very promising. I am no accountant, and struggle with balance sheets, so DYOR. The end of Syft financial year is 31 Mar 2019 so not long to wait to see whether their anticipated results come to fruition. I am very optimistic. Time will tell.

garfy
26-03-2019, 06:29 PM
30,000 shares traded today, and at a 2cent rise to 0.95c/share. There is no suggestion of dividends at this stage which I think is understandable in a development phase. As for markets, the CEO has stressed that having the best technology in the world is no guarantee of success if the world doesn't know you or your product. Accordingly, the sales and promotion aspect has been increased markedly over the last ~5 years - and SYFT now has sales in Sth Korea, USA, UK, AUS, Canada, Germany, and NZ, and probably other places. A lot of thought has gone into improving production - you can have orders, but if you can't supply the goods...... I feel the concept of becoming the largest company in NZ a hope, but striving towards that goal ..... A very interesting company!!

garfy
07-05-2019, 03:39 PM
That month of May..... Started off very well for SYFT - a 5c rise in sp to $1.00, and 96,00 shares traded at that price in the first 7 days.
SYFT is involved in an international symposium in Germany, involving 6 other countries on July 4th - getting the message out there!

Arthur
09-05-2019, 01:19 PM
Syft Market Release of Unaudited Results for FY2019

Syft delivers operational revenue of $21.0m up 70%.
Operating profit of $4.8m up 343%.
Letter of Intent with Semiconductor manufacturer, Micron, turns in to purchase orders worth NZD$13.3m to date.

Performance Highlights (NZD)

Strong sales growth and recurring revenue
• Syft continues to achieve consecutive years of high growth with sales up a record 70% YOY.
• Growth rates continue to increase as more sales creates more customer advocates.
• Staff increase 35% from 78 people to 105 people.
• Many new large-scale customers and reorders from existing customers.

Corporate milestones
• We have successfully opened an office in Korea, which is helping to strengthen our position in the Semiconductor market.
• We have employed Jihoon Lee, based in our Korean office, as our sales leader.
• We expect to make more senior appointments in production, development, and sales, as the scale and footprint of our business increases. Many of these positions will be overseas based.
• We have introduced a next generation “Infinity” instrument, that delivers much higher performance specifications, and this is driving our growth in the Semiconductor market.

Changes to the Board of Directors
As part of a planned Board re-fresh Syft announces today the appointment of Desh Edirisuriya as a Director.

Desh has a high level of expertise in R&D, manufacturing operations, quality management systems and business improvement methodologies, a skill set very relevant to Syft’s specialist manufacturing demands. He knows the company well having acted as a consultant in recent times. Desh will bring a wealth of knowledge and experience to the table and as the pace of instrument production continues to grow his skill set will be highly valuable to Syft. Desh currently serves as the General Manager Business Excellence for Fisher and Paykel Healthcare. Desh replaces Martin Goldfinch, an ACC appointed director, who has resigned today.

About Syft Technologies
Syft Technologies designs and manufactures revolutionary scientific instrumentation that enables instant detection of most gaseous chemicals.

Customers include:
• Global companies such as Samsung, LG, SC Johnson, Ford, and Kraft Heinz Company.
• Universities such as Harvard, Stanford, Imperial College and Cleveland Clinic.
• Government agencies such as Australian and Canadian Customs.

In a diverse range of industries including semiconductor manufacturing, pharma, vehicle testing, environmental monitoring, and food and flavour research. Syft instruments deliver a combination of unique attributes: high selectivity, very low limits of detection, high throughput, ease of use, and very low total cost of ownership. Syft provides class-leading after-sales support.

whatsup
09-05-2019, 04:20 PM
Syft Market Release of Unaudited Results for FY2019

Syft delivers operational revenue of $21.0m up 70%.
Operating profit of $4.8m up 343%.
Letter of Intent with Semiconductor manufacturer, Micron, turns in to purchase orders worth NZD$13.3m to date.

Performance Highlights (NZD)

Strong sales growth and recurring revenue
• Syft continues to achieve consecutive years of high growth with sales up a record 70% YOY.
• Growth rates continue to increase as more sales creates more customer advocates.
• Staff increase 35% from 78 people to 105 people.
• Many new large-scale customers and reorders from existing customers.

Corporate milestones
• We have successfully opened an office in Korea, which is helping to strengthen our position in the Semiconductor market.
• We have employed Jihoon Lee, based in our Korean office, as our sales leader.
• We expect to make more senior appointments in production, development, and sales, as the scale and footprint of our business increases. Many of these positions will be overseas based.
• We have introduced a next generation “Infinity” instrument, that delivers much higher performance specifications, and this is driving our growth in the Semiconductor market.

Changes to the Board of Directors
As part of a planned Board re-fresh Syft announces today the appointment of Desh Edirisuriya as a Director.

Desh has a high level of expertise in R&D, manufacturing operations, quality management systems and business improvement methodologies, a skill set very relevant to Syft’s specialist manufacturing demands. He knows the company well having acted as a consultant in recent times. Desh will bring a wealth of knowledge and experience to the table and as the pace of instrument production continues to grow his skill set will be highly valuable to Syft. Desh currently serves as the General Manager Business Excellence for Fisher and Paykel Healthcare. Desh replaces Martin Goldfinch, an ACC appointed director, who has resigned today.

About Syft Technologies
Syft Technologies designs and manufactures revolutionary scientific instrumentation that enables instant detection of most gaseous chemicals.

Customers include:
• Global companies such as Samsung, LG, SC Johnson, Ford, and Kraft Heinz Company.
• Universities such as Harvard, Stanford, Imperial College and Cleveland Clinic.
• Government agencies such as Australian and Canadian Customs.

In a diverse range of industries including semiconductor manufacturing, pharma, vehicle testing, environmental monitoring, and food and flavour research. Syft instruments deliver a combination of unique attributes: high selectivity, very low limits of detection, high throughput, ease of use, and very low total cost of ownership. Syft provides class-leading after-sales support.


I wondered why there was recent interest, now I know/

garfy
13-05-2019, 05:38 PM
It seems that interest in this company increases. The unaudited results for FY2019 are very positive. The sp rises.
So far, so good. At this stage I am very enthusiastic!

Arthur
21-06-2019, 03:12 PM
It seems that interest in this company increases. The unaudited results for FY2019 are very positive. The sp rises.
So far, so good. At this stage I am very enthusiastic!

https://www.syft.com/wp-content/uploads/2019/06/Syft-Annual-Report-2019.pdf
disclosure I have some

percy
20-08-2019, 03:53 PM
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
20-08-2019, 05:05 PM
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
20-08-2019, 05:27 PM
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
20-08-2019, 05:54 PM
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
23-08-2019, 11:03 AM
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
23-08-2019, 01:25 PM
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
23-08-2019, 08:27 PM
Percy, Well done.

pedro.nz
24-08-2019, 02:59 PM
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 :t_up:
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
29-08-2019, 03:17 PM
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.

percy
30-08-2019, 02:44 PM
Another 43,600 traded today at $1.15.

garfy
31-08-2019, 06:53 PM
Syft is a most interesting company, and if it achieves what its aims are.... :-)) I have found the Unlisted companies most interesting. Frankly, I feel that there are more opportunities in this 'area' Yes, shares in both SYF and PAZ, and very comfortable wth them. Onwards and Upwards........

RupertBear
04-09-2019, 04:49 PM
Another 43,600 traded today at $1.15.

Got on board yesterday at $1.15 :D but i didnt buy 43,000

percy
04-09-2019, 05:11 PM
Syft is a most interesting company, and if it achieves what its aims are.... :-)) I have found the Unlisted companies most interesting. Frankly, I feel that there are more opportunities in this 'area' Yes, shares in both SYF and PAZ, and very comfortable wth them. Onwards and Upwards........

We are "good to go" now RupertBear is onboard,as he is with PAZ.
He got rid of the $1.15 seller.
Next seller has 14,000 for sale at $1.19 and then there is a seller of 10,000 at $1.32.
A little while to wait until the interim result late November/early December.

RupertBear
04-09-2019, 05:32 PM
We are "good to go" now RupertBear is onboard,as he is with PAZ.
He got rid of the $1.15 seller.
Next seller has 14,000 for sale at $1.19 and then there is a seller of 10,000 at $1.32.
A little while to wait until the interim result late November/early December.

I am feeling “well positioned” Percy, thanks for your insights into these interesting companys :)

Vaygor1
03-12-2019, 08:14 PM
Last year on 8-November-2018, Syft issued their H1 interim financial statements (for the 6 months ending 30-Sept-2018).
I can't find any H1 financials issued this year and Christmas is 3 weeks away. Must be due soon.
Anyone have any info regarding this delay who could shed a bit of light on the matter?

Joshuatree
03-12-2019, 09:09 PM
Must be imminent. I note the interim in 2017 was 8th dec. Disclose ,holding.

Vaygor1
04-12-2019, 05:41 PM
Must be imminent. I note the interim in 2017 was 8th dec. Disclose ,holding.

Thanks JT.

percy
05-12-2019, 11:36 AM
Not a good look seeing the share price drop ,when the interim result is due.
7,500 sold at $1.12,
25,000 sold at $1.10.
Seller has 2334 for sale at $1.10.
Highest bidder for 30,000 is at just .86 cents.

percy
05-12-2019, 12:16 PM
SYFT interim is now available.
Go to www.usx.co.nz
Syft
announcements.
While the first six months have been positive for Syft, we are forecasting a full year loss for FY20 as sales previously expected in this financial year have been moved to early FY21. While this is not ideal, it’s not a concern as it is a timing issue only.

Outlook The first six months have provided an excellent start to the 2020 financial year. While our sales pipeline remains strong, we expect our full year financial results to be affected by the timing of sales contracts. Sales we had previously expected to be finalised in the current financial year are now likely to move to FY21. The impact of the delay is that Syft is expected to report a loss for the FY20 year.

Our focus remains on delivering long-term profitability. We continue to remain very positive on the short, medium, and long-term prospects of our business subject to the inherent volatility associated with the timing of unit sales in the short-term.

mfd
05-12-2019, 12:38 PM
Revenue is still going gangbusters, up 80% on last year. Let's hope the profit catches up eventually - I get the impression they are all hands to the pump getting through current demand.

percy
05-12-2019, 12:49 PM
The period has been dominated by the production and installation of the new Infinity instruments for Nasdaq-listed Micron Technologies. While this relationship is very positive for Syft in the long-term, it has caused significant short-term disruption as we have refocused our resources to fulfil Micron’s requirements. Primarily this has driven a need to redeploy people from sales and development to production and installation. The offset to the short-term disruption is our expectation of further future sales to Micron and other semiconductor providers.

Joshuatree
05-12-2019, 01:08 PM
Yes costs have risen heaps because of it and also accounting treatment changes. This is the second time they've cited timing issues though, a bit disappointing atpit. Holding for another 6 months atp. Good to see improvements coming re communicating with us. The website has mainly old stuff on it atm. Looks like the staff recruitment has slowed down too from my browsing.Did see 4 jobs on Seek.

September_2019_Interim_Results_Announcement.pdf (https://www.usx.co.nz/uploads/paperclip/documents/1924/original/September_2019_Interim_Results_Announcement.pdf?15 75499888)


Syft_Technologies_Interim_Financial_Statements_30. 09.19.pdf (https://www.usx.co.nz/uploads/paperclip/documents/1924/original/Syft_Technologies_Interim_Financial_Statements_30. 09.19.pdf?1575499888)

percy
18-12-2019, 04:30 PM
Yes costs have risen heaps because of it and also accounting treatment changes. This is the second time they've cited timing issues though, a bit disappointing atpit. Holding for another 6 months atp. Good to see improvements coming re communicating with us. The website has mainly old stuff on it atm. Looks like the staff recruitment has slowed down too from my browsing.Did see 4 jobs on Seek.

September_2019_Interim_Results_Announcement.pdf (https://www.usx.co.nz/uploads/paperclip/documents/1924/original/September_2019_Interim_Results_Announcement.pdf?15 75499888)


Syft_Technologies_Interim_Financial_Statements_30. 09.19.pdf (https://www.usx.co.nz/uploads/paperclip/documents/1924/original/Syft_Technologies_Interim_Financial_Statements_30. 09.19.pdf?1575499888)

The market did not like the result.
Went from trading at $1.15 down to $1.05 and today 15,000 were traded at 88 cents.
I was looking to add to my holding, had the result been good.As it was not what I expected, I have decided to sit on what I have.
As per any new addition to my portfolio,I buy a modest holding, then depending on results, I either hold,sell,or buy more.

RGR367
19-12-2019, 08:20 AM
The market did not like the result.
Went from trading at $1.15 down to $1.05 and today 15,000 were traded at 88 cents.
I was looking to add to my holding, had the result been good.As it was not what I expected, I have decided to sit on what I have.
As per any new addition to my portfolio,I buy a modest holding, then depending on results, I either hold,sell,or buy more.

A bit lower more and I could be persuaded to take a punt on it :p

garfy
19-12-2019, 05:36 PM
A share price fall from $1.05, (earlier $1.15) to $0.88.... a 16.2% fall!

Accepted that the Interim Result was not as good as hoped, although accountancy changes made it difficult to understand the actual position of the company.

But, I do not understand why anyone would sell their shares for $0.88p/s. For a quick sale, an offer of $1.00, or even $0.95, would have realised their goal....... but $0.88p/s???

I think a 'please explain' is justified. Management have been a bit tardy in their 'newsletters'.

Perhaps SYFT has over-reached itself and hit the rocks, and there is a panic seller - who would have to have some inside information to make THAT offer, surely.

Thoughts?

percy
19-12-2019, 05:45 PM
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.

garfy
20-12-2019, 04:00 PM
Thanks for your response percy. My naivety shows - we are here dealing with the Unlisted SE..... and 0.88c/s was the best offering at this time, hence "I am gone" at 0.88c/s.

I have been interested in SYFT - I like the science, I like the way they have thought through the 'best' way to progress the company: ie. Science+Salesmanship. Perhaps a bit extravagantly.... but positive and believable.

The UnlistedSE has been very interesting, and I have invested a modest amount in the some of the available companies. SYF and PAZ were my two major investments - well until yesterday......

Still in the 'blue', so lets see what happens. I will not relinguish any of these shares in a hurry.

whatsup
20-12-2019, 07:45 PM
Yes but now the future of SYFT is tied to the likes of U S companies like MU which just released a good result so we should expect a better result next quarter or half.

Red Bus
10-01-2020, 10:48 AM
Issuing Hastie 997,000 shares under the staff employment scheme seems a tad rich.

percy
15-01-2020, 12:43 PM
SIFT-MS technology drives simplification of bowel cancer screening
15 January 2020 Press Release
Firm: Syft Technologies Limited
Security: Syft Tech Ords
Documents:
Syft_bowel_cancer_trials.pdf


This should be very interesting.Warning it will take years,but I don't think anyone will miss having a colonoscopy.?

Joshuatree
15-01-2020, 01:15 PM
Thanks this doc should work.

Syft_bowel_cancer_trials.pdf (https://www.usx.co.nz/uploads/paperclip/documents/1936/original/Syft_bowel_cancer_trials.pdf?1579047886)

pedro.nz
15-01-2020, 01:15 PM
Excellent news - might take a while to get all the testing etc done but once completed, it will prove very popular methinks :t_up:
Have had a stake in this company from almost the beginning - has been a long haul but they are getting there...

percy
15-01-2020, 01:59 PM
Thanks this doc should work.

Syft_bowel_cancer_trials.pdf (https://www.usx.co.nz/uploads/paperclip/documents/1936/original/Syft_bowel_cancer_trials.pdf?1579047886)

Thanks for the link JT.
Hopefully the library will run another computer course this year...
Can copy announcements for emails,but can't get them on here.

mfd
15-01-2020, 02:46 PM
Pay off could be pretty incredible if widely adopted across GPs, although that's obviously many years and several clinical trials away. People say that medicine moves fast but high technology can take a very long time to filter through unfortunately, even after the trials. Just another possible string in their bow - currently keeping more than busy enough with existing customers and applications.

Joshuatree
15-01-2020, 03:14 PM
Thanks for the link JT.
Hopefully the library will run another computer course this year...
Can copy announcements for emails,but can't get them on here.

So youve right clicked on the link, a window opens up with choices, and one left clicks on "copy link"

Then goes to sharetrader reply space, right clicks and window comes up, left click on "Paste "and presto.

PharmaZen_half_year_result_2019_USX.pdf (https://www.usx.co.nz/uploads/paperclip/documents/1859/original/PharmaZen_half_year_result_2019_USX.pdf?1564615796 )

percy
15-01-2020, 04:12 PM
Testing?
https://www.usx.co.nz/uploads/paperclip/documents/1936/original/Syft_bowel_cancer_trials.pdf?1579047886
JT That's incredible..Thank you.

garfy
17-01-2020, 03:41 PM
Good to see Prof. Kate McGrath appointed Independent Director. She is currently Deputy Vice-Chancellor of University of Technology Sydney. Previously had senior appointments at Victoria University, MacDiamard Institute, and Callaghan Innovation.

And interesting to see Syft Technlogies units are being used in cancer detection research by Imperial College London, Otago University, and Callaghan Institution. Early days, but good to see the advancement of this technology into the medical sphere.

It is all progress.

kiora
18-01-2020, 08:43 PM
[QUOTE=percy;785843]SIFT-MS technology drives simplification of bowel cancer screening
15 January 2020 Press Release
Firm: Syft Technologies Limited
Security: Syft Tech Ords
Documents:
Syft_bowel_cancer_trials.pdf


This should be very interesting.Warning it will take years,but I don't think anyone will miss having a colonoscopy.?[/QU
Interesting timing after issuing those shares for something that has being trialed for 2 years

kiora
18-01-2020, 08:46 PM
Interesting timing after issuing those shares for something that has being trialed for 2 years

garfy
26-03-2020, 02:21 PM
SYFT Quarterly Newsletter shows further progress. The FY result soon - hopefully will be very good news.

percy
27-03-2020, 03:30 PM
https://www.usx.co.nz/uploads/paperclip/documents/1978/original/Syft_Quarterly_Newsletter_March_2020.PDF?158518710 5

garfy
27-03-2020, 04:09 PM
Thanks for putting the link up, Percy. My computer skills leave something to be desired.

percy
27-03-2020, 04:35 PM
Thanks for putting the link up, Percy. My computer skills leave something to be desired.

I am one minute ahead of you thanks to Joshuatree;
Right click on link.
Window opens up,left click link

Sharetrader;
reply space,right click and window comes up,left click paste.

ps I practice by trying it out first on an email to myself.If it works I then come on here and post...lol.
pps No one minds you trying it out on this thread.

mfd
08-05-2020, 09:41 AM
Good to see Syft picking up a few bids and the price moving back from the recent lows. Nice update today, all going reasonably well and looks like a good response to the situation.

Interesting that some groups are trying to use Syft tech for covid testing, would be an very fast response compared to other methods if it works. Company doesn't sound too excited about it, they already have more leads than they have capacity.

"When life gives you lemons, you make lemonade! We’re making good lemonade as hard and fast
as we can."

percy
08-05-2020, 10:54 AM
https://www.usx.co.nz/uploads/paperclip/documents/2007/original/Syft_Covid19_Update_8_May_2020.pdf?1588887005

revilo
15-05-2020, 08:01 PM
Looking at Syft share price over the last 3 years you would think the underlying business has not been performing, FY17: $1.45, FY18: $1.13, FY19: $1.10 and the current price at $0.80. However, the EBITDA over these periods has been growing strongly at $0.9m(FY17), $1.4m (FY18) and $5.5m (FY19).

Assuming the FY20 EBITDA is on track we would expect it to be anywhere between $8m to $10m - meaning the current EV/EBITDA ratio is between 6 and 7 times, which is extremely low.

Am I missing something?

Southern Lad
16-05-2020, 08:05 PM
Not sure where you get your expectations of a FY20 EBITDA of $8m to $10 from revilo given that at half year they were predicting a full year loss - see https://www.usx.co.nz/uploads/paperclip/documents/1924/original/September_2019_Interim_Results_Announcement.pdf?15 75499888

The company has a large R&D spend and has plenty of potential if they can execute on their plans. It is difficult to value the shares on fundamentals rather it is a question of whether they can successfully commercialise their IP or find a large tech firm that is prepared to pay handsomely to take over Syft to gain control of the IP.

While they have achieved good revenue growth over the last couple of years, I suspect the share price suffers because they have often disappointed to fully deliver to expectations. When they do finally deliver, there should be potential for a good share price lift. Someone has been picking up all sell offers at 80 cents over the last week so there is someone at least who thinks they are a good buy at current prices.

percy
18-05-2020, 05:34 PM
Result will be interesting.
Just how big the loss turns out to be,and have they finished the Micron [disruptive] contract.
The road to "non lumpy" earnings is still not insight,or is it.?

Southern Lad
18-05-2020, 09:48 PM
Agree Percy but not holding my breath that the FY result will surprise on the upside.

While the quarterly newsletters are a step in the right direction, they haven’t to date provided any substantive insights into how the company is progressing commercially.

percy
02-06-2020, 08:45 AM
https://www.usx.co.nz/uploads/paperclip/documents/2020/original/Syft_FY2020_Annual_Report.pdf?1591044336
Result is out.
eps well down from 4.91cps to 1.13 cps.
Revenue up 47% to $30.9mil..
Timing of sales has affected revenue and profit.
Of concern is their policy of capitalising development costs.
A great deal of costs have been added to the business in expectation of increased revenue.
Will perhaps get a better picture of how the company is tracking, and a forecast at their agm in August.

mfd
02-06-2020, 11:56 AM
Report reads well, the company certainly seems confident about the future. Shame about the lower profits, company will have to show soon that the high revenue growth can turn into higher profits. Couple of highlights:

This is what bad looks like for Syft - 47% revenue growth and generating a profit.

The five-year compound annual growth rate in operational revenue is 52%. In the medium term, we expect our annual revenue growth rate will continue to be around this sort of level with the momentum we have built up gaining strength through greater customer awareness of our products, and an increasing level of interest in the expanding Syft product line.

Southern Lad
03-06-2020, 10:33 PM
Will perhaps get a better picture of how the company is tracking, and a forecast at their agm in August.

CEO’s webcast tomorrow (Thursday 4 June) at 3:00 pm may be useful also in getting an insight as to how company is tracking along with near term priorities.

percy
04-06-2020, 07:47 AM
CEO’s webcast tomorrow (Thursday 4 June) at 3:00 pm may be useful also in getting an insight as to how company is tracking along with near term priorities.

Thanks for posting,as I had forgotten about it.
Have now registered so "am good to go."

percy
04-06-2020, 02:43 PM
Another excellent presentation.
Expect [revenue] 52% growth rate.
Gross margin to increase.
Net profit margin and net profit to increase.
Although they are spending more on research and development,as revenue increases the % spent is not increasing greatly.
Appear to be watching their cash carefully, and allocating capital wisely.

Southern Lad
04-06-2020, 06:56 PM
Our man Doug certainly presents a confident view on the future of Syft. There are a number of exciting opportunities ahead and if Syft can capitalise on them today’s 84 cents per share will be a steal. Not without risk but having done your own research you might conclude its worthy a of a place in a balanced portfolio with a weighting appropriate to your risk profile.

percy
12-06-2020, 12:13 PM
https://www.usx.co.nz/uploads/paperclip/documents/2035/original/Reid_Poole_appointment.pdf?1591923670

percy
16-06-2020, 02:54 PM
I note buying interest again in Syft shares.

Joshuatree
16-06-2020, 04:40 PM
https://www.usx.co.nz/uploads/paperclip/documents/2020/original/Syft_FY2020_Annual_Report.pdf?1591044336
Result is out.
eps well down from 4.91cps to 1.13 cps.
Revenue up 47% to $30.9mil..
Timing of sales has affected revenue and profit.
Of concern is their policy of capitalising development costs.
A great deal of costs have been added to the business in expectation of increased revenue.
Will perhaps get a better picture of how the company is tracking, and a forecast at their agm in August.

That is the third time ive heard the Timing excuse thats too many for me.Goodluck.
I have never bought back this (and many other) stocks since my Feb 4th selldown.

percy
17-06-2020, 01:28 PM
That is the third time ive heard the Timing excuse thats too many for me.Goodluck.
I have never bought back this (and many other) stocks since my Feb 4th selldown.

Well we now know the buying has come from recent appointed director, Jeffery McDowell .
Brought a total of 92,034 at prices from 75 cents to 85 cents.

percy
18-06-2020, 11:44 AM
https://usx.co.nz/uploads/paperclip/documents/2038/original/Damien_Fischer_appointment.pdf?1592440369

mfd
18-06-2020, 12:14 PM
https://usx.co.nz/uploads/paperclip/documents/2038/original/Damien_Fischer_appointment.pdf?1592440369

A couple of encouraging hires lately - the company is clearly still going hard for growth. Reminds me a little of A2 5 or so years ago when they reinvested all their income back into growth, until they started spewing more cash than they could spend. Obviously very different companies, but let's hope the same happens here.

percy
18-06-2020, 12:38 PM
A couple of encouraging hires lately - the company is clearly still going hard for growth. Reminds me a little of A2 5 or so years ago when they reinvested all their income back into growth, until they started spewing more cash than they could spend. Obviously very different companies, but let's hope the same happens here.

Yes going hard for growth,and to achieve that you need great sales people.
These two appear to "have the goods."

mfd
24-06-2020, 01:33 PM
More environmental monitoring sales, now to the US. I believe there are quite a few in use in South Korea already, let's hope a few more countries pick up on this. Not Syft's main target audience at the moment but good to see more progress, and another potentially large market starting to develop.

https://www.usx.co.nz/uploads/paperclip/documents/2040/original/Sale_of_unit_to_US_EPA_June_2020.pdf?1592964059

percy
24-06-2020, 01:38 PM
More environmental monitoring sales, now to the US. I believe there are quite a few in use in South Korea already, let's hope a few more countries pick up on this. Not Syft's main target audience at the moment but good to see more progress, and another potentially large market starting to develop.

https://www.usx.co.nz/uploads/paperclip/documents/2040/original/Sale_of_unit_to_US_EPA_June_2020.pdf?1592964059

Positive and good seeing the share price back up to $1.00.

garfy
24-07-2020, 03:29 PM
Growing_Christchurch_company_Syft_Technologies_mov es_into_City_Centre.pdf (https://www.usx.co.nz/uploads/paperclip/documents/2055/original/Growing_Christchurch_company_Syft_Technologies_mov es_into_City_Centre.pdf?1595550846)

SYFT Technologies moving into new premises in Christchurch CBD. Interesting. Would I be right in presuming that this would be a "front of house" move, rather than the whole enterprise?

percy
24-07-2020, 03:46 PM
Growing_Christchurch_company_Syft_Technologies_mov es_into_City_Centre.pdf (https://www.usx.co.nz/uploads/paperclip/documents/2055/original/Growing_Christchurch_company_Syft_Technologies_mov es_into_City_Centre.pdf?1595550846)

SYFT Technologies moving into new premises in Christchurch CBD. Interesting. Would I be right in presuming that this would be a "front of house" move, rather than the whole enterprise?
I took it to be the whole shooting box.Everything under the one roof.

Southern Lad
17-08-2020, 11:56 AM
Significant volume in Syft traded on Unlisted so far today (as at 12:55 pm) - 345,000 at $1.15.

Just someone accumulating a position or something bigger at play?

percy
17-08-2020, 03:57 PM
I am pleased to see the good volumes going through at $1.15.
Although some one is buying,some one else is selling.
Current price means the buyer is the keener party.?...lol.

percy
21-08-2020, 09:09 AM
385,000 traded at $1.15 on 16th August.
10,750 traded so far today at $1.20.

macduffy
25-08-2020, 02:06 PM
Been doing a bit of DYOR on Syft and think I have a basic understanding of what they are about, but - Is there any element of recurring sales, such as FPH have with their consumables - or are sales 100% new instruments? There doesn't appear to be any mention of the former, nor any sales breakdown, as far as I can see. Comments welcome and appreciated!

percy
25-08-2020, 02:50 PM
https://usx.co.nz/uploads/paperclip/documents/1867/original/FY2019_AGM_Presentation.pdf?1566272001

Last year's agm presentation may help.
New instruments ,but look at the big number of vital sectors they cover.

macduffy
25-08-2020, 03:58 PM
Thanks, percy. I'd missed that. First time I've seen Sales and R&D spend added together in one number, though.

percy
25-08-2020, 05:04 PM
https://usx.co.nz/uploads/paperclip/documents/2023/original/FY2020_Investor_Update.pdf?1591238996

More reading.
"real time" Syft instruments analysis in 'real time'.The old way was to collect air samples,send to be analysed by a lab, and get an answer in a day or two.
Syft instruments do it in real time.ie then and there all the time,.
We then can figure out just how important "real time" is to Syft's customers.
R&D spend with sales.Yes an odd thing.
Not sure I can explain what I want to.They see so many opportunities in so many sectors.At present the semiconductor sector is giving them a lot of sales.They expect "environment" in the medium term,long term "breath".So although a sector may not be working for them they are keeping up their R&D expenditure.
Any profits will be reinvested in the business.We will never see a divie.

One other thing that gives me confidence is the calibre of the board and the CEO.
As an aside ACC is a major [active] shareholder.

This is an interesting recent appointment.[makes sense]
shareholder.https://usx.co.nz/uploads/paperclip/documents/2035/original/Reid_Poole_appointment.pdf?1591923670

mfd
25-08-2020, 08:21 PM
I'm not sure I fully agree - I think we will see a dividend once the company reaches the target of a billion dollars revenue. Could be a few years yet but I'm feeling patient.

percy
25-08-2020, 08:47 PM
I'm not sure I fully agree - I think we will see a dividend once the company reaches the target of a billion dollars revenue. Could be a few years yet but I'm feeling patient.

Hope you are right.
Bring on the billion dollar revenue...!!!.

percy
02-09-2020, 06:02 PM
Sales today at $1.20.
Currently buyer is at $1.20, and there is a seller at $1.30.

garfy
02-09-2020, 06:40 PM
It is very pleasing to see that SYF shares are holding at $1.20. I have really enjoyed seeing the development of this company - the approach 'management' has taken to the companies development has been very measured, and along sound business lines. I hope I live to see the magic Million dollar sales!! Thank you for your updates, both here and PAZ, and SFF - companies which actually proved more interest to me than a lot of companies on the main NZX.

Southern Lad
02-09-2020, 09:25 PM
Should we read anything into the absence of the 2020 Annual General Meeting so far. Is something up that means there is an incentive to delay it? The two most recent AGM’s were held on 20 August 2019 and 21 August 2018.

The 2020 annual report was released three months ago on 2 June but I haven’t even seen a notice of meeting for the 2020 AGM yet. What is holding this up? I understand that under the Companies Act 1993 that an AGM must be held within six months of balance date, although there may be some COVID-19 extensions allowed this year.

Either way, we are due for a further shareholder update.

percy
03-09-2020, 07:58 AM
Should we read anything into the absence of the 2020 Annual General Meeting so far. Is something up that means there is an incentive to delay it? The two most recent AGM’s were held on 20 August 2019 and 21 August 2018.

The 2020 annual report was released three months ago on 2 June but I haven’t even seen a notice of meeting for the 2020 AGM yet. What is holding this up? I understand that under the Companies Act 1993 that an AGM must be held within six months of balance date, although there may be some COVID-19 extensions allowed this year.

Either way, we are due for a further shareholder update.
I phoned the company.
Notice of meeting will be sent out shortly.
The date of the agm is 25th September.

Southern Lad
03-09-2020, 09:23 AM
I phoned the company.
Notice of meeting will be sent out shortly.
The date of the agm is 25th September.

Cheers Percy. Will be interested to see if there is anything ‘out of the ordinary’ in the notice of meeting.

Southern Lad
09-09-2020, 09:39 AM
Cheers Percy. Will be interested to see if there is anything ‘out of the ordinary’ in the notice of meeting.

AGM notice is finally out, no business of any particular note. Guess the company has just been busy getting on with creating value for shareholders.

I see another 200,000 shares traded at $1.20 this morning, so someone is building a sizeable stake.

macduffy
09-09-2020, 03:35 PM
AGM notice is finally out, no business of any particular note. Guess the company has just been busy getting on with creating value for shareholders.

I see another 200,000 shares traded at $1.20 this morning, so someone is building a sizeable stake.

And last trade at $1.30. I guess I've got to treat this as one that got away.

:mellow:

percy
09-09-2020, 04:17 PM
And last trade at $1.30. I guess I've got to treat this as one that got away.

:mellow:

Not so..............Still 70,000 available at $1.30............................................. ...lol.

percy
10-09-2020, 05:23 PM
Well there was a window of opportunity today at $1.25.
Trust it was a cunning Sharetrader member who took it.

Southern Lad
18-09-2020, 12:54 PM
I note that Rangatira Ltd disclosed a shareholding if Syft worth $0.1m (rounded) in their March 2020 annual report. Maybe they have continued to build on their shareholding stake since then?

percy
18-09-2020, 01:38 PM
I note that Rangatira Ltd disclosed a shareholding if Syft worth $0.1m (rounded) in their March 2020 annual report. Maybe they have continued to build on their shareholding stake since then?

Very interesting.
I would think they will have added to that.

percy
24-09-2020, 01:51 PM
I will be watching the agm on line tomorrow afternoon.

garfy
24-09-2020, 03:37 PM
You and me both, Percy!! I like the progress of this company.... long may it continue. Tomorrow will tell a bit more of the story.

percy
25-09-2020, 01:20 PM
Perhaps I may have learnt something had I attended the agm in person.
The live stream was extremely disappointing because of it's poor quality .
https://usx.co.nz/uploads/paperclip/documents/2102/original/Syft_FY2020_AGM_Presentation.pdf?1601006402

garfy
25-09-2020, 06:33 PM
I agree it wasn't the most professional 'stream' I have seen.....

But SYFT still seems on track to make an extremely valuable inclusion to a portfolio. Their approach to balancing R&D and commerce impresses me, and the personnel they have with the enthusiasm....... They don't have many "runs on the board" at this stage... I hope I have enough years ahead of me to see this one out! If 'one other' University-started company had approached their commercialisation with the attention to all aspects of 'business' ...
Overall, I was pretty impressed by the presentation, and their forward projections.

Southern Lad
28-09-2020, 04:08 PM
Doug Hastie's reappointment as a director failed to pass at AGM and he has resigned as CEO:

https://usx.co.nz/uploads/paperclip/documents/2104/original/Syft_Announcement_28.09.2020.pdf?1601264109

29.4 million votes against suggest there was an orchestrated campaign to remove him.

Presumably frustration with a lack of substantive progress.

percy
28-09-2020, 04:27 PM
He made a funny comment during the meeting along the lines "if you don't like what I am doing vote against me",which a lot of people did.!!
I do not know what must have gone on behind the scenes, but he was responsible for turning "a dead duck into a going concern.".
However, as you pointed out there must have been "an orchestrated campaign to remove him".Considering he held a large shareholding it must have been very well organised,and included major shareholders..
I think we shareholders are lucky having Al Monro as chairman to step into the CEO's role, with his back ground to guide the business.
I expect the share price will be under a lot of pressure with Doug Hastie wanting out.
We live interesting times.
I will hang onto my shares as I feel the business has excellent prospects.

garfy
28-09-2020, 06:54 PM
Bugger!!!! I am very sorry to hear of this internal strife. When this type of power play occurs there are two 'camps' wanting to go in different directions. I have been impressed by the way SYFT has produced their products to international standards, and have been very involved in R & D, but also ensuring that the product has a marketing stream - science and sales moving in a complimentary manner. (What if PEB had the same approach...?)

SYFT is growing - and now I think the battle is Science v. Sales. I still think this company can, and will, become a market leader in its field.

I hope they sort the difficulties out quickly. My sympathy also goes to Doug Hastie, who has grown the company to its present stage. Sometimes leaders can overstep the mark.... Best wishes to all.

Czechmate
28-09-2020, 08:17 PM
Hmm the last two presentations I went to gave me the feeling Doug thought it was his show and not that worried about shareholders wanting to see value reflected in the near term. So fell on his sword so to speak. Interesting times.

Southern Lad
28-09-2020, 10:58 PM
29.4 million votes against suggest there was an orchestrated campaign to remove him.

Looking at the ten largest shareholders detailed in the 2020 Annual Report we have:

ACC 11,670,738
Doug Hastie 11,253,981
Whale Watch Kaikoura (Ngai Tahu) 8,725,000
Douglas Ziffel & Snoot (New York) Ltd 4,400,000
Collins, Dwyer & Bill Parsons Trustee Ltd 3,000,000
Wing Kai Leung 2,168,783
Iconic Investments Ltd 2,108,706
Opihi Investments Ltd 2,062,447
Forsyth Barr Custodians Ltd 1,277,044
Maarteen Janssen 1,223,505

29.4 million votes against is a very substantial voting block.

Does the dissatisfaction explain the delay in the AGM notice being issued as the protagonists and Doug Hastie sought to work out their differences?

percy
29-09-2020, 07:42 AM
Would have taken a lot of organising getting that voting block.
Would really have needed No.1 and No.3 shareholders onboard.
The fact the vote was not a show of hands tells me it was not unexpected.ie The chairman did say the results would be announced on Monday.
No.1 shareholder has had a lot of impute in the business.ie have a director.
It would appear it was Doug's way or the highway.Shareholders voted the highway.

pedro.nz
29-09-2020, 02:25 PM
The Herald reports that ACC, the largest shareholder, was behind the power play.
The head of ACC private markets lost his board seat last year so who knows what has been going on...

Disc:- Long time shareholder

percy
01-10-2020, 09:22 AM
Well Doug's departure has spooked the market.
One buyer for 661 shares at 60 cents.
Lowest seller with 50,000 is at $1.25.
It is a times like this, we are reminded of that great definition of a long term hold......A short term one that did not work out......lol.

pedro.nz
01-10-2020, 05:59 PM
Well Doug's departure has spooked the market.
One buyer for 661 shares at 60 cents.
Lowest seller with 50,000 is at $1.25.
It is a times like this, we are reminded of that great definition of a long term hold......A short term one that did not work out......lol.

not wrong there ;)

percy
05-10-2020, 05:08 PM
https://usx.co.nz/uploads/paperclip/documents/2112/original/Market_update_5_October_2020.pdf?1601868067

Southern Lad
05-10-2020, 06:16 PM
A good announcement from SYF, seeking to provide reassurance that there is nothing to see here following the dumping of Doug Hastie.

The Board have strong credentials and experience. Damien Fischer also looks like a good appointment. Interesting that the announcement today also has Nicole Robinson’s name on it, suggesting she is onside with the change (or maybe I’m reading too much into that?).

Im hopeful that a new CEO will accelerate the commercial progress of the company. Fingers crossed they can recruit a candidate with the appropriate talent, connections and drive. Through an equity sweetener as part of the remuneration package, there should be plenty of upside if the new CEO can drive shareholder value.

Will be interesting to see where the share price goes over the next few months, however Doug Hastie’s stake is a large overhang until it finds a buyer.

percy
27-10-2020, 06:21 PM
306,000 shares traded today at 80 cents.From last previous sale of $1.25 we have seen Syft's market cap fall in one day $33.267 mil.
ie down 45 cents with 73,925,992 shares on issue.
I would doubt it is Doug Hastie selling on market,however I think it will put pressure on the price he will receive for his 11,253,981 shares .

Southern Lad
27-10-2020, 07:05 PM
I’m assuming it would be in Doug Hastie’s best interests to find a trade buyer for his 15% stake - dumping the shares into a relatively illiquid secondary market will take some time to move and only put further pressure on the share price.

If I were Doug, I’d be looking for an industry player or a venture capital fund who believes there is some upside. Maybe the large shareholders who rolled Doug believe in the future without him and are prepared to double down?

percy
27-10-2020, 08:04 PM
I’m assuming it would be in Doug Hastie’s best interests to find a trade buyer for his 15% stake - dumping the shares into a relatively illiquid secondary market will take some time to move and only put further pressure on the share price.

If I were Doug, I’d be looking for an industry player or a venture capital fund who believes there is some upside. Maybe the large shareholders who rolled Doug believe in the future without him and are prepared to double down?

The large shareholders who rolled Doug have seen the value of their shares fall 36% today.
I trust they have a buyer/buyers for Doug's shares.
Be interesting seeing at what price.
I had thought of adding to my holding, in the expectation the rollers had a plan to see Syft progress more positively.
However I will sit on the sidelines until the dust settles,as I do not add to a losing position,yet I think Syft have all the ingredients to be very successful.

Valiant
22-11-2020, 10:39 AM
I’m assuming it would be in Doug Hastie’s best interests to find a trade buyer for his 15% stake - dumping the shares into a relatively illiquid secondary market will take some time to move and only put further pressure on the share price.

If I were Doug, I’d be looking for an industry player or a venture capital fund who believes there is some upside. Maybe the large shareholders who rolled Doug believe in the future without him and are prepared to double down?


Does anyone have any insights whether Doug Hastie has been moving his stake or not? From what I can see the number of trades and volume through USX has been small over the past month. I agree with Southern Lad that he's better off approaching a VC, fund or potentially existing substantial shareholder.

I also note from my review of their 5th October market announcement that the half year results should be out this coming week. Any insights whether the impacts from Covid they had previously noted have continued? If they haven't been able to get to customers and make installments then I'd say this will impact them significantly.

percy
24-11-2020, 01:11 PM
Result announcement.
https://usx.co.nz/uploads/paperclip/documents/2163/original/Syft_Interim_Results_Announcement_-_September_2020.pdf?1606176011

Interim Report;
https://usx.co.nz/uploads/paperclip/documents/2163/original/Syft_Interim_Report_2021.pdf?1606176011

Still profitable,with a strong balance sheet,however cash flow is negative,and the move to a greater service model will add to overheads.

mfd
26-11-2020, 02:01 PM
I thought the results were fairly respectable in the circumstances but certainly a big drop in growth. Share price has been absolutely hammered since Hastie was shown the door, I am wondering whether to top up at these prices. Huge potential if they can stay on track.

kiora
26-11-2020, 04:12 PM
What put me off last time I looked at this company was their low stock turnover.
Is it/will it improve?
Even the best technology will drop out of sight if not enough stock can be sold

mfd
26-11-2020, 04:27 PM
I believe their current problem is more opportunities than they can explore and they have been going hard to increase production. Hopefully moving to the new building will help with that.

Until covid, growth was pretty exceptional and expected to continue with ambitious long term targets (1 billion in revenue). They are currently working hard in environmental monitoring and semiconductor manufacturers, but there are plenty of other areas they can explore when they have the capacity and freedom to travel for sales and installations.

kiora
26-11-2020, 09:19 PM
Sounds great but
Sales $14m,inventories $7 m? So they have 6 months worth of inventories?
Trade & other receivables $9m nearly 60 % of annual sales?
If they sell $1.1m/month they are waiting 8 months to collect their money ?

Is this too simple a summary ?

Sadly, it just does not conjure up a company going anywhere fast. No wonder the board? was not happy.