|Systems Union Group
||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Real-Time news about Systems Union (London Stock Exchange): 0 recent articles
|safman: Systems Union Group PLC
27 March 2006
27 March 2006
Systems Union Group plc
Statement re share price movement
The Board of Systems Union Group plc (the 'Company') notes the recent movement
in the Company's share price.
As part of its strategic growth objectives and in the background of ongoing
consolidation in the Enterprise Resource Planning and Corporate Performance
Management marketplace, the Board confirms that it is currently holding very
early stage discussions which may or may not lead to an offer being made for the
Company. A further announcement will be made in due course.
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers the
Company confirms that, as at close of business on 24 March 2006, it had in issue
109,899,919 ordinary shares of 5 pence each. The International Securities
Identification Number for these shares is GB0009348755.
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in
1% or more of any class of 'relevant securities' of Systems Union Group plc, all
' dealings' in any 'relevant securities' of that company (including by means of
an option in respect of, or a derivative referenced to, any such 'relevant
securities') must be publicly disclosed by no later than 3.30 pm (London time)
on the London business day following the date of the relevant transaction. This
requirement will continue until the date on which the offer becomes, or is
declared, unconditional as to acceptances, lapses or is otherwise withdrawn or
on which the 'offer period' otherwise ends. If two or more persons act together
pursuant to an agreement or understanding, whether formal or informal, to
acquire an 'interest' in 'relevant securities' of Systems Union Group plc, they
will be deemed to be a single person for the purpose of Rule 8.3.
Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Systems Union Group plc by Systems Union Group plc or the Offeror
or by any of their respective 'associates', must be disclosed by no later than
12.00 noon (London time) on the London business day following the date of the
A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a 'dealing' under Rule 8, you should consult the Panel.
This information is provided by RNS
The company news service from the London Stock Exchange|
|mattboxy: are you getting lonely tom??
Almost as much action on here as with the share price|
|sack of spuds: tom it appears to attract a lot of posts the company has to :
1. issue a profits warning
2. the share price plunge 90%
3. then out come the bottom feeders and rampers
hey presto you have pages of twaddle.
I should know i own a few duff'uns....try arx if you want posters. lol.|
|samg99: "What's afoot is that the share price is going up, Watson."
"My goodness, Holmes! How on earth can you tell that?"
"Elementary, my dear Watson. It is clearly indicated by the chart provided by those excellent ADVFN people, plus, of course, Level 2 showing individual market makers going up."
"Great Scott, Holmes! You are a genius! But pray, WHY is it going up?"
"Elementary, my dear Watson. There are more buyers than sellers. Or there has been a broker upgrade. Or sector sentiment. Or bullish market conditions. Or a rumour of a takeover bid. Or whatever.
"But the actual reason is unimportant, Watson. The point is, the price is rising, and, if you will permit the jargon, this looks like a clear case of a chart breakout".
"Thank you Holmes. I shall cable my stockbroker straight away, and place an order. By the way, how on earth did you acquire so much knowledge about stocks and shares?".
"Oh, it's just one of my mental activities when I'm under the influence of "the needle", my dear Watson. As it happens, I have written a small monograph on the subject, 'Speculating for profit on the Stock Market', which is available for a reasonable price on something called Amazon".
"Holmes, you amaze me!"|
|holkham: COMPANIES that meet or beat the City's earnings forecasts, find wonderful things happen to their share price. Management teams that consistently outperform create an almost Messianic following - that can lead to superior price/earnings multiples that factor in a high degree of reliability.
Financial software group Systems Union may not have achieved the kind of reliability yet - there was a blip in half- year profits and the software sector remains, well, soft - but the performance seems to be moving in the right direction.
Providing a preview of results to be announced later this month, Systems said it will be announcing the ninth consecutive half-year period in which the group has met, or exceeded, market expectations, for adjusted earnings per share. (The other important requirement is that companies repeatedly remind investors how well they are doing, as System never fails to do.)
The company said group revenues grew 33% compared to 2003 to approximately £104m, helped by acquisitions. That trading continued to generate cash. There was £16.1m in cash at the year end and £15m in bank debt, after spending £13m on acquisitions.
Although the dividend yield remains unexciting, the strength of the balance sheet has given management the confidence to recommend a final dividend of 1.5p, making the total for the year 2p - double the 2003 payout.
A blot on the encouraging copybook will be a £2m charge in the accounts, mainly for the closure of loss-making activities in Germany. But consensus forecasts point to £11m of profits at the pre-tax level, compared to £6m in 2003.
The strategic picture, remains encouraging. As the market for financial management and business intelligence software continues to consolidate, the group is well placed to take over more competitors. Management has reorganised the operation into four global regions, a move expected to enhance sales performance.
Systems provided by each division can now interface with software from many sources, according to the company, which should lead to improved corporate market share.
In September, I said the shares were attractive based on a view that they were oversold at 86.5p each. Now, 30% higher, the current consensus earnings estimate of 10p for 2004 means they trade on a multiple of 10 - hardly crediting the growth potential. With positive forecasts for the software sector in 2005, the shares deserve a higher rating. Buy.
Andrew Griffiths is managing editor of the Aim & Ofex Newsletter. www.aimnewsletter.co.uk|
|boozey1: So Jammin, what has that statement got to do with the Systems Union Share price? Is there a cryptic message there somewhere?!|
|boozey1: if you happen to follow charts as a result of analysis of a share price it is interesting to note that in December 2003 the SUG share price went from 95p to 126p over a 3 week period with only one day when the price dropped slightly. Since October 9th the SUG share price has risen from 88p to 105.5p and has not yet dropped on a single day. Hopefully another 10p rise or so to come.|
|divina: 5% drop in EBDITA
25% drop in share price
wow this market stinks of sh!t|
|pacman88: Citywire tips shares - shares double - CEO buys shares.
19 March 2004
(c) 2004 Citywire.co.uk. All Rights Reserved.
SEDOL code for assoc. funds..: 3126925
FT MX code for assoc. funds..: U2FAS
SEDOL code for assoc. funds..: 3161379
FT MX code for assoc. funds..: NH26
SEDOL code for assoc. funds..: 3179123
FT MX code for assoc. funds..: U2UKSI
SEDOL code for assoc. funds..: 3155424
FT MX code for assoc. funds..: FMSR
S & P code for assoc. stock..: E:EINEIN
S & P code for assoc. stock..: E:SUGSUG
The boss of Citywire tip Systems Union decided to put his money where his mouth is yesterday and add to his holding in the accountancy and business software specialist.
Chief executive Paul Coleman spent £;30,000 on Wednesday for 25,000 shares at 120p each to increase his holding to 175,000 shares. He now holds 0.17% of the £;125 million company (SUG).
The news of Coleman's purchase helped the share price to add 4.5p to 123p on Thursday. Over the past year, as confidence flowed back into the smaller cap and technology markets, Systems Union's share price has more than doubled from a low of 56p.
Citywire tipped the shares at 57.5p last March and reiterated our tip at the beginning of March when the company produced its annual results. In 2003 turnover rose by 5.1% to £;78.4 million and pre-tax profit was up 42% to £;6.1 million and by the end of the year the company had £;19.6 million in cash.
Systems Union produces high-end accountancy software packages for larger companies through SunSystems and lower end products through Pegasus and in October it boosted its range with the acquisition of business intelligence software operator MIS. In 2003 SunSystems struggled but the other businesses fared rather better.
Coleman admitted at the time of the results that the company would continue to look for acquisitions.
The company remains a favourite of shrewd investors and some have even been buying in recent weeks. AAA-rated Peter Webb of Unicorn holds shares through several funds including the Eaglet investment trust (EIN), Unicorn UK Smaller Companies unit trust Unicorn UK Smaller Companies A Inc and Free Spirit fund Unicorn Free Spirit A Income, which added 58,000 shares to its holding since the beginning of February.
Fellow AAA-rated Mark Slater of Marlborough holds 275,000 shares in the Marlborough Slater Recovery unit trust MFM Slater Recovery Acc to which he added 25,000 shares in January. AAA-rated Patrick Evershed, who bought 50,000 shares in January, holds 750,000 shares in the New Star Select Opportunities unit trust New Star Select Opportunities.|
|qas27: Interim Results 26th August, any idea what they will be like??
I think share price will build momentum prior to results...
Any feedback wud b appreciated.|
Systems Union share price data is direct from the London Stock Exchange