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  1. #1
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    Default Syft Technologies Limitd

    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?

  2. #2
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    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

  3. #3
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    I can't find a current financial report,can someone post it?

  4. #4
    percy
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    Quote Originally Posted by kiora View Post
    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.

  5. #5
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    A good interim report from SYFT - over a million shares traded today...... Proceed with caution, but I like the way this company is moving!

  6. #6
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    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!

  7. #7
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    Do you have a link please Garfy

  8. #8
    percy
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    Quote Originally Posted by percy View Post
    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.
    Last edited by percy; 15-03-2019 at 09:13 PM.

  9. #9
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    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.

  10. #10
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    Thanks for that

  11. #11
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    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!
    Last edited by garfy; 19-03-2019 at 07:28 PM. Reason: spelling

  12. #12
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    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.
    A quote attributed to Margaret Thatcher goes along the lines of
    "The problem with socialism is that eventually you run out of other people's money."

  13. #13
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    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.

  14. #14
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    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!!

  15. #15
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    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!

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