Scisys Share Discussion Threads

[200308] 10/4/2008 14:07

it seems to be in auction - can anyone corroborate this?

[bhoy1966] 10/4/2008 14:03

my god, i've actually made a correct investment decision

[200308] 10/4/2008 13:44

mitzis,

I'll second that, ;0)

[mitzis] 10/4/2008 13:25

60p here we come.

[mitzis] 10/4/2008 13:00

welcome back..

[bhoy1966] 10/4/2008 12:51

I'm back in, sold these last year at a loss, so back in to make that loss back and hopefully some profit.

[200308] 10/4/2008 12:49

no i am back in!

[cockneyrebel] 10/4/2008 12:39

50p 6 months ago, reckon they will have to pay 20%+ over the best price in the last 6 months. Quite a few large investors well underwater with these too so don't think they will accept being low balled.

CR

[mitzis] 10/4/2008 12:37

Wow incredible CR...


just the 2 of us no 3some..

[cockneyrebel] 10/4/2008 12:36

I reckon if you look back over 1 year and the price these were and what the co says about improving performance any bid will be over 60p mitzis.

Seems like it's just me and you :-)

CR

[mitzis] 10/4/2008 11:45

Yes agreed there CR wont be long now.

[cockneyrebel] 10/4/2008 11:43

Looking prettty horny today - reckon the bid won't be far off.

CR

[mitzis] 10/4/2008 10:18

This is coming in.

[mitzis] 08/4/2008 10:50

I guess they want it but at what price 40p to 50p..?

[cockneyrebel] 07/4/2008 21:08

:-)

At about a 100% premium too I seem to remember?



CR

[smarkmmm] 07/4/2008 19:56

From recent Microgen results:

"Strong balance sheet with cash of £18.1 million (2006 : £15.3 million)"

"...the Board continues to explore strategic opportunities for the further development of Microgen, including mergers and acquisitions, that could enhance the Group's offerings and customer base..."



and in July '07 Microgen's 180p offer for Trace Group was unsuccesful....

[cockneyrebel] 07/4/2008 17:21

Looks like Microgen will be the bidders then :-)

CR

[cockneyrebel] 07/4/2008 10:59

I wonder who AXA have sold their stake to? One of their partners has taken a large stake and their partners include Oracle, Lotus, IBM and Experian. If any of them are after SSY they won't muck about, the £10m mkt cap is peanuts to them. Plenty of other large holders in there to lever a good price out of any bidder. These were trading much higher in recent times too.

CR

[cockneyrebel] 06/4/2008 17:51

Gets a mention in the FT too.

CR

[cockneyrebel] 06/4/2008 17:45

Article in the Times:



"SciSys, an IT consultant for the European Space Agency, the Ministry of Defence and TV broadcasters, rose 7¾p to 35p after it said that one of its trading partners had taken a "significant stake" in the company. It said that there were no bid discussions "at the current time". The name of the predator is expected to be disclosed on Monday.

Somebody bought 5.3 million shares, or 19 per cent of the company, at 32p on Thursday. Its software partners include giants such as Oracle, Lotus, IBM and Experian. It has a big contract with Arqiva, controlled by Macquarie, which owns Britain's TV transmission masts to help it to switch to digital transmissions up to 2012. Lockheed Martin is another client that might be interested. Vega, the satellite software firm, was recently taken over by Finmeccanica, of Italy.

SciSys has been trying to rebuild its reputation since its shares plunged on a profit warning last May over contract delays and cost overruns, followed by the departure of Mark Hampson, its chief executive."

CR

[cockneyrebel] 04/4/2008 19:49

Lucky director buy of 700K a few days ago.

A cynic would say that he knows they are going to be bid for, that was just a sweetner the bidders let him have. To announce a bid so soon after him buying would be embarrasing so I suspect the formalty of saying they are in bid talks has been put off till 4-6 weeks time or so.

The bidders must beserious, they bought 5.3m shares yesterday @ 15% above the market price - that's not a small stategic investment, it's way too keen at that much over market, they've had to bargain hard with someone to get them, and must be well keen imo.

CR

[mitzis] 04/4/2008 13:06

Take-over...!

[hywel] 04/4/2008 13:04

Scisys plc ('Scisys' or the 'Company')

4 April 2008

Statement re share price movement

The Company notes the recent movement in its share price and confirms that it
has received informal indications that a significant stake in the company has
been purchased by one of its trading partners. At the current time there are no
discussions taking place with regards to a potential offer being made for the
Company by this or any other third party.

Enquiries:

Scisys 01249 466 466
Mike Love, Executive Chairman
Peter Murden, Company Secretary

Landsbanki Securities 020 7426 9000
Simon Bridges, Managing Director
Simon Robinson, Associate Director

[tricky1992000] 04/4/2008 08:49

gigglestrip

I am not actually in this share, but have one eye here. Shares magazine thinks this company is a top takeover prospect, what is your take? (this is probably driving the price up at the moment)

BUY SciSys (SSY:AIM) 22.5p, L, C

The shares of the IT consultant have slumped from 110p to just 23.25p since it was spun out of CodaSciSys barely 18 months ago. Sentiment was badly damaged last year by a trio of profit warnings, when the Chippenham firm mishandled a pair of contracts and suffered delays in two further defence deals. However, experienced chairman Mike Love took over the reins from chief executive from Mark Hampson late last year and swiftly overhauled the management team, bringing in several old hands. A recent fresh share price slump suggests there may be more problems to emerge and the stock is therefore not without its risks. But assuming Love is able to draw a line under the botched deals with the full-year results due next week, SciSys does look cheap. A market capitalisation of £6.5 million is barely a quarter of last year's sales, compared with the one times' sales Italy's Finmeccanica paid to acquire one-time CodaSciSys suitor Vega late last year. (RM)