|The 3 year loan note they arranged at 7% pa to fund the deal wan't exactly cheap either|
|True, it was a big purchase and a major expansion of the German part of the business. I don't expect to hear much about that till the AGM announcement.|
|IMO, a lot will depend on what the outlook is for Annovo systems, the acquisition they bought for €16.5 million on 3rd Jan17. Traditionally Scisys management have been very cautious, so to bet the farm (> 2xsales and 15x EBIT) on such a deal was slightly out of character. Obviously everyone is hoping that it all goes to plan.|
|It seems to have been a good year plus a gain from the exchange rate so the accounts should be good. During the last few months it looks like there has been a seller in the market, but not one of the major investors, the list on the last announcement looked unchanged to me.|
|SSY has proved to be a quite boring stock to hold with MMs leaving a wide spread to reduce risk. In the last 5 months the shares have been a bit soft and probably not looking for too much in the results.|
|SCISYS PLC ("SCISYS"; AIM SSY), the supplier of bespoke software systems, IT-based solutions and support services to the media, broadcast, space, government, defence and commercial sectors, will announce its preliminary results for the 12 months to 31 December 2016 on Thursday 30 March 2017.
Investor Lunch Programme
SCISYS will be holding a series of Investor Lunches for Private Client Investment Managers and Private Investors. Those wishing to attend should contact Tom Cooper on [email protected]r.com - 020 7933 8780 or 0797 122 1972 for further details.|
Trading update in Nov confirmed revenues and profits ahead of expectations. Since then
there have been several new contract wins....
Price may be below the 50dma but the 200dma lays at 90p. Strong support at 100p.|
|Price curving 20 and 50d sma. Close to 200 too. Does not look good here imo. dyor
Expect a profit warning|
|Possibly AISHAH. Have added today.|
|Looks like selling has dried up. Can't buy in any decent size now. Should move on from here imo.|
|Added to my holdings today.|
|There's an overhang. Can buy in size at the moment. Once that clears we're off to the races imo. Strong fundamentals and newsflow. Good to see investors adding here. Low PSR and PEG. finnCap have 155p target.|
Also bought back in again today. Should never have sold out first time around with the benefit of hindsight.
Surprised there is no movement in the share price today but no matter results next month should make interesting reading.|
SciSys on Mission Control for GMV
SciSys has provided more evidence this morning of healthy SITS activity in the space sector, signing a mission control contract worth up to €1.9m with GMV, a privately-owned technological business group. SciSys will be responsible for the design and implementation of a mission control system to support the EUMETSAT Polar System earth-observation programme, which will provide weather-prediction data for national meteorological services during the 2020’s and 2030’s. The contract starts this year and is expected to be delivered by 2021.
Coming hot on the heels of yesterday’s news that SciSys is to support ESA’s Rover Mission to Mars (see Scisys launches into new space contract), the win demonstrates the value of SciSys’ expertise and experience in earth observation satellite systems. In this area of the market in particular, there is a lot to be said for choosing a supplier with a strong track record and re-use of proven solutions.|
|Bought back in today, I did hold before but grabbed my profits on a spike in November, yet always intended to buy back. The two contract announcements this week provided the catalyst I needed to prompt me into action. Fundamentals look rather zulu like with PEG rating at 0.02 and 0.33 plus PER looks good value at 13 and 10. They were in a net cash position before a large acquisition in November, so it will be interesting to read the statement in the results next month to see how the acquisition is performing and to see how their cash position has changed.
Chart is forming a nice consolidation now which might prove interesting once it can start to breakout.|
|Another contract win. Looks like the business is in good shape.|
Scisys launches into new space contract
It’s great to see Scisys continue its lengthy involvement in supporting some of the most fascinating projects in the space sector. The company has signed a contract for c€3.7m with Thales Alenia Space Italia S.p.A. “to perform activities relevant to the design, coding and verification of the Rover Mission Management Software Instruments Layer (MMS-IL) for the European Space Agency ExoMars RSP (Rover and Surface Platform) 2020 Mission”. The MMS-IL software, which will orchestrate the Rover instruments and deliver observations and analyses back to Earth, is crucial to the mission’s aim to launch and land a European rover on Mars by 2021.
Though some might assume that future BREXIT might impact the UK Government’s commitment to the European Space Agency, that couldn’t be further from the truth. Indeed, at the end of last year, the UK committed the equivalent of around £300m per year for ESA over the next four years. And in January, Business Secretary, Greg Clark, announced that UK space businesses were set to benefit from a £152m fund, using British expertise in satellite technology for international projects monitoring and addressing problems such as flooding, drought and deforestation. When we talk to SITS companies involved in this space, like Scisys and CGI, we sense a real excitement about opportunities in this space|
|"SCISYS PLC ("SCISYS"; AIM SSY), the supplier of bespoke software systems, IT-based solutions and support services to the media, broadcast, space, government, defence and commercial sectors, is pleased to announce that it has signed a contract for circa €3.7m with Thales Alenia Space Italia S.p.A, to perform activities relevant to the design, coding and verification of the Rover Mission Management Software Instruments Layer (MMS-IL) for the ExoMars RSP (Rover and Surface Platform) 2020 Mission.
This contract is expected to be fully completed by 2021 and underpins current market guidance."|
|Not sure, they've done it a few times, sometimes citing employee share schemes and others not.
It could be to dish out to the employees of Annova, but i'm just looking for excuses. It doesn't say they're cancelling them, just holding them in treasury.
One theory is that they expect the value of the shares to rise and are getting in on the act.
Director deals are closed 2 months before results are due, so before 31 Jan in this case, but company buybacks aren't restricted like this.
50k shares is only £55k less 0.5% stamp duty, so they'd need a major boost to the price to cover the loss in the value since it has dropped from 110p recently...|
|Can anyone confirm why the company bought back 50k shares today? Is it part of a larger buyback strategy?|
Scisys maintains orbit with Thales contract extension
UK software services firm Scisys continued its success in winning small but strategic contracts, extending its current deal with Thales Alenia Space France for another two years.
The €5.2m agreement involves updating the software used by the Galileo Ground Mission Segment (GMS) to monitor and communicate with a series of navigation satellites orbiting the earth.
Currently in talks to acquire Germany-based software editorial solutions supplier ANNOVA Systems, Scisys has been buoyed by a series of contract wins for its Enterprise Solutions and Defence (ES&D) and Media & Broadcast (B&M) divisions in the last 12 months (including the MoD, South Africa Broadcasting Corporation and a large UK radio broadcaster).
We expect to see Scisys' FY16 (which ends 30th December) to build on its positive H116 results, a welcome turnaround from FY15 when revenue declined 11% and operating profits fell to £800k from £3.2m the year before.|
|SCISYS WINS CONTRACT TO BUILD THE PAYLOAD OPERATIONS CENTRE FOR THE FRENCH-GERMAN MERLIN CLIMATE MISSION
SCISYS PLC ("SCISYS"; AIM SSY), the supplier of bespoke software systems, IT-based solutions and support services to the media, broadcast, space, government, defence and commercial sectors, is pleased to announce that it has signed a contract with Airbus DS GmbH in respect of the Payload Operations Centre (PLOC) for the MERLIN (Methane Remote Sensing LIDAR Mission) satellite's LIDAR instrument. This contract is part of the French-German MERLIN climate mission.
The contract value is EUR3.3m and covers the period from the end of 2016 until the planned launch of the MERLIN satellite in April 2021.
The contribution by SCISYS to the MERLIN mission includes hardware and software elements, as well as central functions of the Payload Operations Centre. This includes important interfaces to the overall satellite ground segment of this joint satellite mission.
Klaus Heidrich, CEO of SCISYS PLC, commented:
"I am delighted with the continued involvement of SCISYS, through its space division, in the MERLIN programme. SCISYS is recognised as a long-term partner to Airbus and the German Space Agency (DLR), and I am very pleased to strengthen our role as a valuable partner of the German national space programme. This is another great achievement for SCISYS and its space division, and further supports the group's positive outlook."|