Yes going hard for growth,and to achieve that you need great sales people.
These two appear to "have the goods."
Printable View
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/paperc...pdf?1592964059
Growing_Christchurch_company_Syft_Technologies_mov es_into_City_Centre.pdf
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?
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?
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.
385,000 traded at $1.15 on 16th August.
10,750 traded so far today at $1.20.
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!
https://usx.co.nz/uploads/paperclip/...pdf?1566272001
Last year's agm presentation may help.
New instruments ,but look at the big number of vital sectors they cover.
Thanks, percy. I'd missed that. First time I've seen Sales and R&D spend added together in one number, though.
https://usx.co.nz/uploads/paperclip/...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/...pdf?1591923670
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.
Sales today at $1.20.
Currently buyer is at $1.20, and there is a seller at $1.30.
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.
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.