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  1. #61
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    Thanks for putting the link up, Percy. My computer skills leave something to be desired.

  2. #62
    percy
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    Quote Originally Posted by garfy View Post
    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.
    Last edited by percy; 27-03-2020 at 04:37 PM.

  3. #63
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    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."

  4. #64
    percy
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  5. #65
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    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?

  6. #66
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    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/paperc...pdf?1575499888

    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.
    Last edited by Southern Lad; 16-05-2020 at 08:08 PM.

  7. #67
    percy
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    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.?

  8. #68
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    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.

  9. #69
    percy
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    https://www.usx.co.nz/uploads/paperc...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.
    Last edited by percy; 02-06-2020 at 08:54 AM.

  10. #70
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    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.

  11. #71
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    Quote Originally Posted by percy View Post
    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.

  12. #72
    percy
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    Quote Originally Posted by Southern Lad View Post
    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."

  13. #73
    percy
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    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.
    Last edited by percy; 04-06-2020 at 03:13 PM.

  14. #74
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    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.

  15. #75
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    Last edited by percy; 12-06-2020 at 12:15 PM.

  16. #76
    percy
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    I note buying interest again in Syft shares.

  17. #77
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    Quote Originally Posted by percy View Post
    https://www.usx.co.nz/uploads/paperc...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.

  18. #78
    percy
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    Quote Originally Posted by Joshuatree View Post
    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.

  19. #79
    percy
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  20. #80
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    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.

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