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SSY Scisys Group Plc

253.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Scisys Group Plc LSE:SSY London Ordinary Share IE00BD9PKV79 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 253.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Scisys Share Discussion Threads

Showing 301 to 322 of 875 messages
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DateSubjectAuthorDiscuss
07/2/2017
13:10
"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."

slopsjon2
19/1/2017
11:37
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...

smcmahon993993
16/1/2017
19:28
Can anyone confirm why the company bought back 50k shares today? Is it part of a larger buyback strategy?
pauliewonder
19/12/2016
13:29
TechMarketView:

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.

aishah
19/12/2016
13:12
SCISYS WINS CONTRACT TO BUILD THE PAYLOAD OPERATIONS CENTRE FOR THE FRENCH-GERMAN MERLIN CLIMATE MISSION

(SSY: AIM)

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."

aishah
28/11/2016
10:33
Edison note out:

SCISYS is acquiring Germany-based ANNOVA Systems for an estimated deal value of £15.3m. ANNOVA is a leading supplier of software-based editorial solutions to the media sector. It has a track record of generating strong revenue growth and in 2015 won a landmark contract with the BBC, which underpins financial forecasts for 12 years. ANNOVA complements SCISYS’s dira! product offering for radio broadcasters, extends the group’s capabilities into television and creates cross-selling opportunities. The deal significantly boosts earnings, aided by cheap debt financing costs, and is value enhancing on our assumptions. Consequently, we believe the stock continues to look attractive on c 10x our FY17e earnings.

Forecasts: ANNOVA incorporated
We have added ANNOVA into our existing forecasts from year end. This results in a significant boost to revenue and adjusted operating profit while interest and tax also go up. Revenue rises by 17% in FY17 and FY18, adjusted operating profits go up by 39% and 37%, while EPS rise by 27% in each year. However, the group swings into a significant net debt position: we forecast £7.8m as at 31 December 2016, which rises to £13.5m after including the c £5.6m estimated earnout liabilities, which are on a discounted basis.

Valuation: ANNOVA leverages the opportunity
The stock trades on c 0.87x our FY17e revenue forecast and c 8.2x EBITDA, which is attractive if SCISYS can successfully exploit the M&B division’s strong BBC success story to drive cross-selling opportunities within Europe and extend the product outside Europe. Our DCF model – which is based on our forecasts, a conservative weighted average cost of capital (WACC) of 10% and a 10.7% long-term margin target – values the stock at 142p, or 28% above the current level.

aishah
24/11/2016
10:41
TechMarketView:

Scisys ups the Broadcast & Media ante with ANNOVA

It’s taken quite some time but Scisys has found a company that appeals and is acquiring ANNOVA Systems, a German-based supplier of software editorial solutions to large and medium sized broadcasters in Northern European. It is far from an unknown quantity as the two suppliers have a set of common customers.

ANNOVA’s OpenMedia product, which enables story centric workflows for news creation and distribution on any medium, complements the dira! audio playout software Scisys takes to market through its up and coming Media & Broadcast division. The combination will broaden the Scisys portfolio and create stronger positions in Germany and across Europe, while also enabling it to access a larger part of the media and broadcast technology market.

It appears to be a positive move on all fronts because Scisys expects ANNOVA to be “strongly earnings enhancing” from 2017. For the year to December 2015 ANNOVA reported revenue of €7.5m (vs. € 6.3m) with EDIT of €1.1m (vs. €1.4m). Its EBIT of 15% exceeds the Scisys average so it is expected to improve the overall Group margin profile. The sums Scisys is paying – an initial consideration of €11.35m (£9.7m) cash with a three year earn out of up to €16.48m (£14.09m) cash or shares, for a maximum of €27.83m (£23.8m) – seems reasonable.

Media & Broadcast is an up and coming segment within Scisys that has seen rising activity over the past year, including a landmark contract with the South African Broadcasting Corp (SABC), that followed hard on the heels of a contract with a UK radio broadcaster. The contracts were small but strategic, providing next gen broadcasting reference cases to help grow the division which is c20% of the business. One of the benefits of ANNOVA is that it signed a 12-year contract with the BBC in 2015 and this will be a highly valuable reference site.

aishah
24/11/2016
09:42
For transparency I did sell my holdings into the rise this morning, thought acquisition news positive as well as recent trading updates, just took advantage of the unexpected strength, but likely to be buying back at some stage.
interceptor2
24/11/2016
09:06
Acquisition. Strongly earnings enhancing from 2017. finnCap ups target price to 155p from 120p!
aishah
18/11/2016
13:49
Techmarketview:

Scisys: Emerging stronger

This year is going so much better for Scisys than last year. Its 2015 ‘perfect storm’ (see Management guiding Scisys through perfect storm) now feels like a distant memory. Following a wholly positive results announcement for H1 (see Scisys bounces back in H1), the second half of the year has now gone better than was expected. Adjusted operating profit and revenues for the year to end December are now predicted to be ahead of market guidance. The sterling to euro exchange rate movements have helped but Scisys also points to additional contract wins and improved efficiency in delivering existing projects. It appears the lessons learned last year, when the company had to deal with a problem contract, are being applied and resulting in better project performance in the rest of the business. Great to see Scisys back on form.

aishah
17/11/2016
16:14
I've bought a new lot of 32 Red (TTR) - still have some that I have nearly trebled on.

32 Red runs gambling platforms allowing addicted
gamblers to be parted from their money in whichever way they fancy.

So if they prefer to lose
their money playing Poker, or love losing playing Bingo, no problem.

It looks cheap and no reason why it shouldn't head back to highs of 170 plus. It's got a deal
with ITV for "I'm A Celebrity" and Ant and Dec games and there is strong rising revenue
and profits. Looks a good gamble!

tattooed93
17/11/2016
15:39
finnCap up tp by 20% from 100 to 120p
aishah
17/11/2016
08:06
Not surprised at the strong update today. Ahead of forecasts. Still very undervalued imo.
aishah
10/11/2016
16:33
Lot of room here to progress imo. SSY at a 50% discount against FTSE Sector. Low PEG and PSR.
aishah
10/11/2016
15:57
Yes pleased to see SSY joining in now with the overall rally, after what seemed to be a potentially significant contract win.

They did seem rather upbeat when releasing their interim results in September, said that all divisions performing to or exceeding budget, also expect to see positive impact on profitability from weaker pound in second half.

interceptor2
10/11/2016
15:31
Good to see the share price moving up now and joining in the rally with the rest of the market. :-)
cfro
09/11/2016
16:10
I've bought back in today interceptor2 after selling out a while ago.

The contract announcement today looks to be quite significant imo. The next trading update might make interesting reading.

I like the chart too which now looks like it is turning back up after hitting trend support.

cfro
09/11/2016
08:51
Contract win announcement this morning.

Wonder why the price hasn't responded yet :o)

interceptor2
03/10/2016
12:02
SCISYS reported a strong H1, with revenues up 35% to a record £22.2m and the group returned comfortably to profit, despite being held back by currency hedging due to the slide in the pound against the euro. The performance partly reflects the impact of a problem project in H115, which led to deferrals. The group has also been winning new business and had a strong closing order book at £35m. Cash flow was very strong, with the group returning to a net cash position of £1.4m from £1.0m net debt at end-December. We have upgraded our adjusted operating profit forecasts by 12% in FY16 and 8% in FY17. Given the potential for margin recovery and the improving growth profile, in combination with a strong balance sheet, we believe the stock looks attractive on c 12x our FY17e earnings.
aishah
29/9/2016
16:51
Thanks for the article AISHAH.

Strong breakout here today.

cfro
23/9/2016
10:07
Techmarket view:

It was good news pretty much all around at Scisys as it revealed results for the first half of 2016 (to June 30), and a marked contrast to the dreadful ‘perfect storm’ effect of the year ago period (see here).

Revenue was up 35% to £22.1m while operating profit reversed from a £1.1m loss to a £1.1m profit, despite an FX hit impacting hedging contracts in the immediate aftermath of the EU exit vote – essentially Scisys took all the H216 and FY17 pain in June 2016, but will reap top line rewards going forward). The company also improved its cash position, swapping £1.9m of net debt for £1.2m of net cash. In a nutshell, H1 was all about the “bounce back” as chairman Mike Love described it.

Speaking with the management team it is apparent there is no shortage of activity within the company and all three core divisions moved forward. Enterprise Solutions and Defence revenue was up 79%, Space rose 22% and Media and Broadcasting saw a 12% uplift, with margin improvements across all three too.

CEO Klaus Heidrich highlighted several areas of activity that show the company is making active use of its expertise to colonise adjacent areas, such as the rapidly growing commercial space flight sector. Of particular note is the post period contract – a “stunning win” according to Heidrich - with new internet telecommunications enterprise OneWeb for the Pleniter product which will be used to plan a major mission of several hundred satellites. Scisys has also partnered with PTScientists and their “Mission to the Moon” as part of the Google Lunar-X-Price competition. Its marine defence contract with the MoD was also a standout in ESD, and the contracts with South Africa Broadcasting Corp and a large UK radio broadcaster also helped drive performance within the up and coming Media and Broadcasting division.

What was also interesting was that although the contribution of the acquired Xibis business is tiny, technology transfer and cross customer conversations are happening between it and ESD, as Xibis apparently infuses ESB with new ideas and mobile and web approaches. This is definitely a development to watch.

aishah
22/9/2016
07:22
Yes very good results here, I am surprised that they didn't highlight an adjusted PBT and EPS figure, adding back the £500k from currency hedging in the first half, it is a fair calculation imo.

Adjusted EPS is 4.3p, by adding back the £500k and deducting tax at 15%.

They say that if sterling remains at these lower levels during the second half, then there will be a good currency gains. So same performance again in H2 would see basic eps of 4.3p and then additional profits over this on currency gains.

Edit, Last four years H1/H2 weighting = 45/55

interceptor2
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