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.
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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.
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.
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 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.
Percy, Well done.
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.
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.
Another 43,600 traded today at $1.15.
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........
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?
Must be imminent. I note the interim in 2017 was 8th dec. Disclose ,holding.
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.
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.
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.
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.