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  1. #31
    Aspiring to be an Awesome Bear
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    Quote Originally Posted by percy View Post
    Another 43,600 traded today at $1.15.
    Got on board yesterday at $1.15 but i didnt buy 43,000
    Last edited by RupertBear; 04-09-2019 at 04:51 PM.

  2. #32
    percy
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    Quote Originally Posted by garfy View Post
    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.

  3. #33
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    Quote Originally Posted by percy View Post
    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

  4. #34
    The past is practise. Vaygor1's Avatar
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    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?

  5. #35
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    Must be imminent. I note the interim in 2017 was 8th dec. Disclose ,holding.

  6. #36
    The past is practise. Vaygor1's Avatar
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    Quote Originally Posted by Joshuatree View Post
    Must be imminent. I note the interim in 2017 was 8th dec. Disclose ,holding.
    Thanks JT.

  7. #37
    percy
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    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.

  8. #38
    percy
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    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.
    Last edited by percy; 05-12-2019 at 12:27 PM.

  9. #39
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    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.

  10. #40
    percy
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    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.

  11. #41
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    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


    Syft_Technologies_Interim_Financial_Statements_30. 09.19.pdf
    Last edited by Joshuatree; 05-12-2019 at 01:11 PM.

  12. #42
    percy
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    Quote Originally Posted by Joshuatree View Post
    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


    Syft_Technologies_Interim_Financial_Statements_30. 09.19.pdf
    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.
    Last edited by percy; 18-12-2019 at 04:33 PM.

  13. #43
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    Quote Originally Posted by percy View Post
    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

  14. #44
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    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?

  15. #45
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    Quote Originally Posted by percy View Post
    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.
    Last edited by percy; 19-12-2019 at 06:30 PM.

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