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Member
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
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Member
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."
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Member
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.
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Member
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!!
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Member
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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Syft Market Release of Unaudited Results for FY2019
Syft delivers operational revenue of $21.0m up 70%.
Operating profit of $4.8m up 343%.
Letter of Intent with Semiconductor manufacturer, Micron, turns in to purchase orders worth NZD$13.3m to date.
Performance Highlights (NZD)
Strong sales growth and recurring revenue
• Syft continues to achieve consecutive years of high growth with sales up a record 70% YOY.
• Growth rates continue to increase as more sales creates more customer advocates.
• Staff increase 35% from 78 people to 105 people.
• Many new large-scale customers and reorders from existing customers.
Corporate milestones
• We have successfully opened an office in Korea, which is helping to strengthen our position in the Semiconductor market.
• We have employed Jihoon Lee, based in our Korean office, as our sales leader.
• We expect to make more senior appointments in production, development, and sales, as the scale and footprint of our business increases. Many of these positions will be overseas based.
• We have introduced a next generation “Infinity” instrument, that delivers much higher performance specifications, and this is driving our growth in the Semiconductor market.
Changes to the Board of Directors
As part of a planned Board re-fresh Syft announces today the appointment of Desh Edirisuriya as a Director.
Desh has a high level of expertise in R&D, manufacturing operations, quality management systems and business improvement methodologies, a skill set very relevant to Syft’s specialist manufacturing demands. He knows the company well having acted as a consultant in recent times. Desh will bring a wealth of knowledge and experience to the table and as the pace of instrument production continues to grow his skill set will be highly valuable to Syft. Desh currently serves as the General Manager Business Excellence for Fisher and Paykel Healthcare. Desh replaces Martin Goldfinch, an ACC appointed director, who has resigned today.
About Syft Technologies
Syft Technologies designs and manufactures revolutionary scientific instrumentation that enables instant detection of most gaseous chemicals.
Customers include:
• Global companies such as Samsung, LG, SC Johnson, Ford, and Kraft Heinz Company.
• Universities such as Harvard, Stanford, Imperial College and Cleveland Clinic.
• Government agencies such as Australian and Canadian Customs.
In a diverse range of industries including semiconductor manufacturing, pharma, vehicle testing, environmental monitoring, and food and flavour research. Syft instruments deliver a combination of unique attributes: high selectivity, very low limits of detection, high throughput, ease of use, and very low total cost of ownership. Syft provides class-leading after-sales support.
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 Originally Posted by Arthur
Syft Market Release of Unaudited Results for FY2019
Syft delivers operational revenue of $21.0m up 70%.
Operating profit of $4.8m up 343%.
Letter of Intent with Semiconductor manufacturer, Micron, turns in to purchase orders worth NZD$13.3m to date.
Performance Highlights (NZD)
Strong sales growth and recurring revenue
• Syft continues to achieve consecutive years of high growth with sales up a record 70% YOY.
• Growth rates continue to increase as more sales creates more customer advocates.
• Staff increase 35% from 78 people to 105 people.
• Many new large-scale customers and reorders from existing customers.
Corporate milestones
• We have successfully opened an office in Korea, which is helping to strengthen our position in the Semiconductor market.
• We have employed Jihoon Lee, based in our Korean office, as our sales leader.
• We expect to make more senior appointments in production, development, and sales, as the scale and footprint of our business increases. Many of these positions will be overseas based.
• We have introduced a next generation “Infinity” instrument, that delivers much higher performance specifications, and this is driving our growth in the Semiconductor market.
Changes to the Board of Directors
As part of a planned Board re-fresh Syft announces today the appointment of Desh Edirisuriya as a Director.
Desh has a high level of expertise in R&D, manufacturing operations, quality management systems and business improvement methodologies, a skill set very relevant to Syft’s specialist manufacturing demands. He knows the company well having acted as a consultant in recent times. Desh will bring a wealth of knowledge and experience to the table and as the pace of instrument production continues to grow his skill set will be highly valuable to Syft. Desh currently serves as the General Manager Business Excellence for Fisher and Paykel Healthcare. Desh replaces Martin Goldfinch, an ACC appointed director, who has resigned today.
About Syft Technologies
Syft Technologies designs and manufactures revolutionary scientific instrumentation that enables instant detection of most gaseous chemicals.
Customers include:
• Global companies such as Samsung, LG, SC Johnson, Ford, and Kraft Heinz Company.
• Universities such as Harvard, Stanford, Imperial College and Cleveland Clinic.
• Government agencies such as Australian and Canadian Customs.
In a diverse range of industries including semiconductor manufacturing, pharma, vehicle testing, environmental monitoring, and food and flavour research. Syft instruments deliver a combination of unique attributes: high selectivity, very low limits of detection, high throughput, ease of use, and very low total cost of ownership. Syft provides class-leading after-sales support.
I wondered why there was recent interest, now I know/
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Member
It seems that interest in this company increases. The unaudited results for FY2019 are very positive. The sp rises.
So far, so good. At this stage I am very enthusiastic!
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IMHO Has potential
Originally Posted by garfy
It seems that interest in this company increases. The unaudited results for FY2019 are very positive. The sp rises.
So far, so good. At this stage I am very enthusiastic!
https://www.syft.com/wp-content/uplo...eport-2019.pdf
disclosure I have some
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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?
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