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ESYS Essensys Plc

18.25
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Essensys Plc LSE:ESYS London Ordinary Share GB00BJL1ZF49 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 18.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
18.00 18.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cmp Facilities Mgmt Service 25.25M -15.71M -0.2429 -0.75 11.8M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 18.25 GBX

Essensys (ESYS) Latest News

Essensys (ESYS) Discussions and Chat

Essensys Forums and Chat

Date Time Title Posts
31/8/202310:53Essensys538

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Essensys (ESYS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-23 13:51:4818.463,624668.99O
2024-04-23 08:06:1718.012,844512.20O

Essensys (ESYS) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Essensys Daily Update
Essensys Plc is listed in the Cmp Facilities Mgmt Service sector of the London Stock Exchange with ticker ESYS. The last closing price for Essensys was 18.25p.
Essensys currently has 64,662,015 shares in issue. The market capitalisation of Essensys is £11,800,818.
Essensys has a price to earnings ratio (PE ratio) of -0.75.
This morning ESYS shares opened at -
Posted at 28/3/2023 08:17 by p1nkfish
The underlying market they are addressing needs to be healthy no matter how efficient ESYS makes participants in that market.

Unfortunately commercial real estate in the US is a bit of a basket case currently.

A real shame as this is a neat company and product but fighting with one hand tied behind its back.

The cash burn is pretty unpleasant looking.

I might be totally wrong but glad I sold. Hope everyone is OK.
Posted at 01/12/2022 10:44 by p1nkfish
Think again and look at the US office market as an example.
The money was raised on the basis of a particualr oulook that has since changed.
ESYS got lucky with the window to raise that cash.
They have scaled back their ambitions and cash should be returned if they don't utuilise it to achieve a return better than that shareholders can achieve for themselves.
Posted at 01/12/2022 09:05 by p1nkfish
In a very different economic environment. Even ESYS has decided to scale back its approach. Cash can now be better deployed outside of ESYS.
Posted at 30/11/2022 11:06 by shieldbug
2020 they raise £7m at 151p, in 2021 they raise £31m at 285p - Pinkfish thinks they should give the money to him when the share price is 50p. What?
Posted at 18/3/2022 09:28 by hedgehog 100
18/03/2022 07:01 UK Regulatory (RNS & others) essensys PLC Director/PDMR Shareholding LSE:ESYS Essensys Plc

Director/PDMR Dealing

essensys plc (AIM:ESYS), the leading global provider of mission critical software-as-a-service (SaaS) platforms and on-demand cloud services to the flexible workspace industry, has been notified that on 16 March 2022 the following director and PDMRs purchased, in aggregate, 64,100 ordinary shares of 0.25 pence each ("Ordinary Shares") at a price of 74 pence per Ordinary Share.

Name Position Ordinary No. of Ordinary % holding
Shares purchased Shares held following purchase following purchase
Chief Financial
Officer & Chief
Alan Pepper Operating Officer 20,200 424,766 0.66%
-------------------- ------------------ ---------------- -----------
Chief Customer
David Kinnaird Officer 13,500 620,028 0.96%
-------------------- ------------------ ---------------- -----------
Jeremy Bernard CEO, North America 30,400 30,400 0.05%
-------------------- ------------------ ---------------- -----------

Details of the transaction can be found in the Notification of Dealing Forms below. ...




18/03/2022 07:01 UK Regulatory (RNS & others) essensys PLC Director/PDMR Shareholding LSE:ESYS Essensys Plc

Director/PDMR Dealing

essensys plc (AIM:ESYS), the leading global provider of mission critical software-as-a-service (SaaS) platforms and on-demand cloud services to the flexible workspace industry, announces that on 17 March 2022, Mark Furness, Chief Executive Officer, purchased 350,000 ordinary shares of 0.25 pence each ("Ordinary Shares") at a weighted average price of approximately 74.58 pence per Ordinary Share.

Following these transactions, Mark Furness' total beneficial interest in the Group has increased to 19,679,066 Ordinary Shares, representing approximately 30.56 % of the Group's total issued share capital.

Mark Furness is treated as acting in concert with other shareholders, being Barry John Clark, Ian Bryn Sadler, Michael John Guest, Michael Grant and Liam Joachim Kavanagh (the "Concert Party"). Certain of these shareholders have also purchased shares. As a result of these purchases, the aggregate number of Ordinary Shares held by the Concert Party has increased from 24,065,272 to 24,447,680, representing an increase from 37.38% to 37.97% of the issued share capital of the Group.

These purchases were effected under the terms of Note 11 on Rule 9.1 of the Code and therefore had no consequences under the Takeover Code.

The members of the Concert Party also hold the following options over Ordinary Shares: ...
Posted at 17/3/2022 14:18 by hedgehog 100
Doesn't look like it, as the ESYS share price has gone up since you posted.

About ten Million ESYS shares have been traded this month, out of 64 million ESYS shares in issue.

Which obviously would have been about half buys and half sells.

So yes, some big selling, but big buyers who are happy to mop them up at this price.

The ESYS share price looks to have levelled off, with volume now picked up again this week, which sets a strong basis for a significant move up.
Posted at 15/3/2022 15:51 by hedgehog 100
I've just noticed that ESYS's largest customer, Industrious, raised US$200M. just three weeks ago, which bodes well for its expansion plans ... in partnership with ESYS of course.

Might Industrious even been tempted to take over ESYS at ESYS's current lowly price?

The success of Industrious during the pandemic is testament to its high levels of customer satisfaction, which in turn is a strong validation of ESYS's technology.

Technology that can help to give its customers a competitive advantage, and succeed even in challenging times.


14/10/2021 06:00 UK Regulatory (RNS & others) essensys PLC Customer Renewal LSE:ESYS Essensys Plc

"Major renewal and expansion with largest customer, Industrious

Framework to support Industrious' global expansion plans

essensys plc, the leading global provider of mission-critical software and technology to the flexible workspace industry, has renewed its strategic partnership with Industrious, the Group's largest and fastest growing customer.

The new global framework agreement consolidates all existing business between essensys and Industrious and establishes the framework for essensys to support Industrious's global expansion plans.

essensys currently serves 111 Industrious locations, comprising in excess of 3 million sq ft predominantly in the USA. The Group has recently supported Industrious's establishment in the UK.

Mark Furness, CEO of essensys, said:

"We are delighted to renew and expand our existing partnership with Industrious. Industrious is an example of our strategy to grow with our leading customers, by supporting their expansion plans. Industrious was one of our early partners when we established our US operation and we have worked together for over four years. This contract renewal reaffirms our joint commitment to provide great customer experiences using our technology. Our recent fundraising to expand the business globally will allow us to continue to support Industrious as they expand their operations both in North America and internationally.""




"2.22.21 — 3 minute read
Industrious Announces Milestone Investment From CBRE
BY INDUSTRIOUS PR TEAM

We’re thrilled to announce that CBRE has invested more than $200 million in Industrious.

This investment represents a significant minority stake in the company and is our largest fundraise to date. It’s also the clearest indication yet that Industrious is the leading platform for sustainable and strategic growth in the workplace-as-a-service industry.

Putting Industrious and CBRE’s complementary capabilities behind a shared vision will create the world’s leading flexible workplace offering. And while Industrious already has the highest customer satisfaction in the industry, this partnership will extend the scope and scale of Industrious’ offerings, making it the workplace provider of choice for the Global Fortune 1000 and beyond.

Here’s what Bloomberg had to say about this milestone investment:

Dallas-based CBRE paid about $200 million in cash for primary and secondary shares, and is transferring its own flexible workspace brand Hana — which operates 10 locations in the U.S. and U.K. — to Industrious as part of the transaction, the companies said .…

Industrious, which entered Singapore last year, will take a “judicious” approach to global expansion and expects ample opportunities as tenants seek to deploy employees across multiple spaces instead of one location in a post-pandemic world. The company will use fresh funds to fuel growth by hiring and for capital pledges linked to new management agreements.

CBRE’s investment in Industrious values the company at more than it was worth in 2019, when it raised capital from Brookfield Properties and Canada Pension Plan Investment Board, among others."
Posted at 13/3/2022 11:39 by hedgehog 100
Thanks to Riddler for these ESYS posts on Twitter:

"riddler@riddler_smitb· 9 Mar
Alot of NON Russian companies got hammered for slight rev/profit warning in the 1st 3 days of the invasions
#DOTD risen well since
Been buying #ESYS .....fell from £2.60 to 80p on a minor slippage 7 days ago
£50mln cap
£31mln cash (fund raise mid 2021 £2.00+)
£20mln annual RR"

"riddler@riddler_smitb
IC covered it the day after the initial crash (96p)
At current 75p imho it's a bargain after complete over reaction caused primarily by the geo political situation at time of ESYS up date
1:16 pm · 12 Mar 2022·Twitter for Android"




So the IC describes it as: "A mildly disappointing trading update ..."

Normally you might think that would warrant a fall of about 20%: so say to about 200p.

E.g. Berenberg has cut its target price for ESYS from 345p to 270p, i.e. a 21.7% reduction.

Instead of which ESYS has fallen 70%, to 73.5p!


A rise of a about a third from this level, similar to Dotdigital (DOTD) in the last few days, could see ESYS back up to about 100p.

Dotdigital (DOTD):
Posted at 07/3/2022 10:48 by hedgehog 100
MrSimmons,

I would agree that the long term business results of ESYS will ultimately determine its long term share price.

But the share price you pay can be a crucial determinant of your overall return.

For example, if you pay double, then your profit on the same sum invested would be more than halved.

And I see the company's 15 year history in more positive terms, as it suggests a more established company, with more substance, and greater barriers to entry.

In addition, not many companies grow from start-up status to £22M. of annual revenues in just decade an a half, so that for me is impressive.

Equally, not many companies have a 100% customer retention rate, especially during the pandemic, but ESYS's 87% recurring revenue rate gives it more certainty than most, and it won nine new customers in the first half.

The pipeline is still strong. We are talking about delays due to the pandemic, which has hit companies like this, and others, across the board.

Indeed many companies have seen their revenues slump during the pandemic, whereas ESYS's are at least increasing.

If they can do that during the pandemic, then it bodes well for the post-pandemic performane.


01/03/2022 07:00 UK Regulatory (RNS & others) essensys PLC Trading Update LSE:ESYS Essensys Plc

" ... Outlook

The Board remains confident in the Group's future growth which is underpinned by long-term structural drivers. Despite a delay in accelerated bookings growth due to the prolonged challenges caused by COVID, the pipeline for FY23 and FY24 is strong. The Group has seen pipeline opportunities continue to grow, particularly amongst large multi-site property organisations. Larger flexible operator customers are starting to expand once again. The Board now expects revenues for FY22 will not be less than GBP23.5m (FY21: GBP22m), with an adjusted EBITDA(1) loss of not more than GBP7m.

Mark Furness, CEO commented:

"essensys has a resilient business model and we are well placed to deliver our long-term expansion plans. Our US business continues to grow strongly. Whilst COVID has undoubtedly had an impact on our recent sales performance, our pipeline for FY23 and FY24 remains strong, supported by positive market dynamics, existing customers returning to growth and exciting opportunities that are already underway. Our new product development activities are starting to deliver further new capabilities and we look forward to sharing more details in due course. ..."
Posted at 06/3/2022 13:10 by hedgehog 100
"Berenberg Bank set a target price of 270 GBX for the company

Posted by ABMN Staff on Mar 1st, 2022

essensys (LON:ESYS – Get Rating) had its price objective dropped by investment analysts at Berenberg Bank from GBX 345 ($4.63) to GBX 270 ($3.62) in a research note issued to investors on Tuesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 114.40% from the stock’s current price. ..."




So Berenberg has cut its target price for ESYS from 345p to 270p, i.e. a 21.7% reduction.

Whereas in comparison, ESYS has fallen from 245p at the end of February to 82.5p this weekend, a 66.3% fall.

And the upside from 245p to the old target price of 345p was 40.8%.

Whereas the upside from 82.5p to the new target price of 245p is 197%!


An interesting after hours trade on Friday, by far the biggest of the day:

Recent Share Trades for Essensys (ESYS)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
04-Mar-22 17:05:54 99.04 88,333 Unknown* 80.00 85.00 87.49k O

If it was dealt on Friday then surely it has to be a buy, probably from an institution bargain-hunting.

After all, institutions were backing ESYS in a placing in July at 285p.
Essensys share price data is direct from the London Stock Exchange

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