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SysGroup Share Discussion Threads
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("SysGroup" or the "Group")
Appointment of Netplan as an authorised channel partner to Epicor's BisTrack Solution
SysGroup plc (AIM: SYS), the managed services and cloud integrator, is pleased to announce that its subsidiary Netplan Internet Solutions Ltd ("Netplan") has been appointed by Epicor as the sole UK and Ireland authorised partner for Epicor® BisTrack™, a fully integrated enterprise resource planning system ("ERP") designed for distributers, merchants and wholesalers. Epicor is a global leader in business software solutions and the developer of Epicor® BisTrack™.
Netplan has previously provided BisTrack™ customers with hosting, consulting and advisory services, as previously announced on 26 August 2015, however, this appointment is in recognition of Netplan's longstanding strong relationship with Epicor and the merchant sector. As a result, Netplan is now an active partner to BisTrack's on-premises and cloud solutions throughout the UK and Ireland. Netplan will additionally provide a full suite of support services and implementation expertise. This partnership will further maximise customers' opportunities to grow their business and benefit from their investments.
Furthermore, the BisTrack™ software has been updated to version 3.8 offering new capabilities across business intelligence, data management and analysts systems which, coupled with Netplan's cloud capabilities further enhances the value proposition to customers of this authorised partnership agreement.
This appointment builds upon the cloud partnership between Netplan and Epicor. Netplan now provides end-to-end solutions, including application support and licence sales to a wide number of Epicor customers. The Netplan solution includes the deployment of the application, optimising it and providing support services for the application.|
("SysGroup" or the "Company" or the "Group")
Half yearly results for the six months ended 30 September 2016
SysGroup PLC (AIM: SYS), the managed services and cloud integrator, is pleased to announce its unaudited half year results for the six months ended 30 September 2016.
· Total revenue (including discontinued operations) up 40% to £3.38m (H1 2016: £2.41m)
· Revenue from continuing operations up 111% to £2.68m (H1 2016: £1.27m)
· Organic growth from existing Managed Hosting business excluding the acquisition of System Professional Ltd ("Sys-Pro") up 19% to £1.34m (H1 2016: £1.13m)
· Adjusted EBITDA1 (including discontinued operations) of £0.44m (H1 2016: £0.28m)
· Adjusted EBITDA2 (continuing operations) of £0.23m (H1 2016: £0.03m)
· Reported loss from continuing operations of £0.55m (H1 2016: £(0.21)m)
· Reported profit after tax (including the sale the SME Mass Market division) of £1.05m (H1 2016: £(0.05)m)
· Basic EPS 6.1 pence (H1 2016: (0.04) pence)
· Net cash at 30 September 2016 of £3.66m3 (30 September 2015: net debt of £0.004m)
1Adjusted EBITDA is earnings before interest, taxation, depreciation, amortisation, acquisition costs, restructuring costs, fair value adjustments, share based payments and profit on sale of discontinued operations
2 excludes contribution from the SME Mass Market division sold in July 2016
3 Net cash/(debt) calculated cash less interest bearing debt and obligations under financial leases
· Successful acquisition of Sys-Pro for an initial consideration of £3.9m
· Oversubscribed placing to raise £5.0m gross in July 2016
· Disposal of non-core SME Mass Market division for £2.7m (4.9x EBITDA) in July 2016
· Transformation to a Managed Services Provider
· Expanded partnership with Epicor through its ERP (BisTrack) application software
· New banking facilities of £3.0m, including a £2.5m acquisition facility agreed with Santander post period end
Chris Evans, Chief Executive commented: "We are pleased with the progress we have made during the period in transforming the focus of the Company to that of a Managed Services provider while at the same time delivering a solid set of results.
With our strong cash position and new banking facilities from Santander we are ready to supplement our solid organic growth with additional strategic acquisitions. With the expected benefits from the integration of Sys-Pro into the Group and the increasing number of opportunities we are seeing in the market, we believe the Group is well-positioned to deliver on the objectives we have set ourselves for the remainder of the year and beyond.
We therefore look forward to the year ahead with confidence."|
|thanks , that useful to know , back to sleep again then.|
|I've been picking a few up recently. For the first time, I actually think they are decent value.
They picked up some decent Institutions on the last placing.|
|well that consolidation has cost me a few hundred , I never like consolidations, if I had been awake should have flogged when it was still DAIP , but was on hols .|
|Is there some confusion over the new code SYS being associated with System Healthcare rather than the new group?|
|Is ther some confusion over the new code SYS being associated with System Healthcare rather than the new group?|
|5 July 2016
Daily Internet plc
("Daily Internet" or the "Company" or the "Group")
Result of Annual General Meeting, General Meeting and Change of Name
The Board of Daily Internet (AIM: DAIP) is pleased to announce that at the Annual General Meeting held today the resolutions as set out in the Notice of Annual General Meeting were duly passed. In addition, further to the announcement on 15 June 2016 in relation to the Proposals, the Directors are pleased to announce that all resolutions proposed at the General Meeting of the Company held earlier today were approved. Consequently, the acquisition of System Professional Ltd will proceed and in addition the Company's name will change to SysGroup plc ("SysGroup"). Following the change of name, the Company's ticker will change to 'SYS'.
Following the Share Consolidation, the Company's ISIN and SEDOL will change to GB00BYT18182 and BYT1818, respectively. It is expected that the New Ordinary Shares arising as a result of the Share Consolidation in respect of Existing Ordinary Shares held in uncertificated form, i.e. in CREST, will be credited to the relevant CREST accounts on 6 July 2016.
Total voting rights
Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM and this is expected to become effective at 8.00 a.m. on Wednesday 6 July 2016. Following completion of the Share Consolidation, the Company's issued share capital will consist of 22,151,151 New Ordinary Shares. No shares were held in treasury at the date of this announcement.
The total of 21,151,151 New Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Directors' shareholdings on Admission
Number of New Ordinary Shares
Percentage of Enlarged Share Capital
Julie Ann Joyce
Terms used in this announcement shall have the meanings given to them in the Company's shareholder circular dated 15 June 2016 ("Circular").
The Circular is available on the Company's website www.sysgroup.com|
|The Circular is available on the Company's website www.sysgroup.com|
|hello big crowd here !|
|Where's the brightly coloured charts?|
|Hello from the FX thread.|
|Hi MT yes very much in to systems. I've started a couple of threads along themes linked to systems:
System Traders Resouces Thread STRT
Tracking the Arbitrageurs WAM
Hedge Fund Tracking HFT
What is your experience of system trading to date?|
|Anyone else into Technical Systems.|
Average IU for UK PTP buy-outs over the past 3 years has been between 36 and 44 percent. Average bid premium has been between 36 and 41 per cent in same period.
Last week at this time this was trading at about 47p so bid premium before market got wind of offer is about 49 percent.
My main point is that if private shareholders continue not to invest in companies like this then they will constantly be taken over at relatively cheap levels.
I have had this happen several times in the past few years and you soon learn that institutions will sell you down the river to make a fast buck.
With few PIs investing the only way to get even is to try to spot potential targets and get in and hold until they are spotted as M&A targets.|
|...Gerd and Akhtar
...only 33% is not a reasonable amount.....
imho it means that a good amount of large shareholders did not say YES when the directors phoned them up to ask them if they agreed to the deal/price....
the large shareholders will be ringing round to see if any other co. is interested (eg. Medicare....a USA co. which is currently deploying at least 1 major project in the UK...so...perhaps it may be worth asking them....)
and perhaps a deal could be agree with 20p cash return to shareholders...
AND keep the sale price at 70p...making 90p|
Comment on System C acquisition|
|Market seems to think its a done deal as you can get 69p to sell now.
They have 33% IUs so that is a reasonable amount. Pity to see so many small cos going off the market as this one did have potential. But as I said private investors no longer invest in small cos in any number so many can be taken out fairly cheaply.|
|That was quick. 70p a share.|