Scisys Share Discussion Threads

[simon gordon] 12/4/2017 08:04

Thanks for the heads up Connor.

That's put the kibosh on this story for a while.

[connor23] 12/4/2017 07:22

Trimmed my holding today on story in FT about concerns on future contracts with ESA.

[aishah] 06/4/2017 13:52

Edison note out - 145p target:

Both FY16 revenue and adjusted operating profit were 4% ahead of our forecasts, while EPS beat by 8% on a favourable tax charge. The acquisition of ANNOVA Systems, a leading supplier of software-based editorial solutions to the television sector completed at the end of the period. ANNOVA underpins our financial forecasts and complements SCISYS’s dira! product offering for radio broadcasters, creating cross-selling opportunities. Management has reintroduced its goal to achieve £60m in revenues and double-digit operating margins within three to five years. Hence, we believe the stock looks attractive on c 9x our FY18e EPS.

[davebowler] 05/4/2017 11:32

Finncap;
It is not often that Iain Dowie is quoted in equity research, but the former Crystal Palace manager gave us a good turn of phrase for the ability to recover swiftly from setback, and that is precisely what SCISYS demonstrated last year. H1 2015 was affected by a problem contract but it was swiftly resolved in H2, and now we see FY 2016 has been a superb year for revenue and profit, even beating our November upgrades. The strong sales growth and margin improvement was entirely organic, spread across all three major divisions, albeit assisted by appreciation of euro earnings from Germany. FY 2016 ended with the debt-funded acquisition of the German newsroom software supplier Annova, which should continue to drive excellent growth and enhanced margins from the high-quality IT services business. There is no change to impressive FY 2017 expectations other than a recalculation of the share dilution that lifts EPS from 10.5p to 11.0p, but we issue FY 2018 forecasts and reiterate our 155p TP.

[cambium] 31/3/2017 19:51

i took a couple of tranches here today too

[whymps2] 31/3/2017 10:14

Just opened a position here.

[noirua] 31/3/2017 09:20

Some large sells ranging up to 75,000 shares have held the stock price back in the last 3 days. Opportunity Knocks as HG often said.

[interceptor2] 31/3/2017 08:55

Always a good sign when we hold the same company BBD. :O)

Welcome......

[bigbigdave] 31/3/2017 08:45

In for a few today.

[noirua] 31/3/2017 08:28

.At least the pull back gave a chance to add after the results. All the good news should gradually push SSY past the 112p level.

[mfhmfh] 30/3/2017 18:08

good write up today on triple i

[mfhmfh] 30/3/2017 13:12

looking to add on any dip

[chasbas] 30/3/2017 11:14

Following excellent results and very positive future earnings/growth/margin prospects the share price fell back to opening level on low volume.
IMHO share price is very cheap for a high quality stock. Is this company a bit boring despite impressive leading edge tech? I'll hold.

[aishah] 30/3/2017 08:34

finncap:
Shows 'bouncebackability';FY16 has been superb year for revenue and profit. Reiterates 155p target.

Will try and add on any weakness.

[noirua] 30/3/2017 07:51

As the exclusion of Annova sinks in the shares should recover from the sell off. We do not know the estimated profit margins on each contract and must remember that most of 2016 was before Brexit and the tumble in the £sterling. SSY will have much stronger figures in 2017 if the pound stays at the present level.

[madmix] 30/3/2017 07:47

Agreed, just trying to find negatives. Certainly lots of positives in those results.

Contract wins will always be 'lumpy' so the overall trend of the order book is more important than the value on any specific date.

[wjccghcc] 30/3/2017 07:37

Plus they've announced Eur5.5mm of contract wins since the year end.

[cfro] 30/3/2017 07:32

But thats excluding ANNOVA isnt it and i fully expect further, perhaps significant contract wins this FY so that figure is neither here nor there imo.

[madmix] 30/3/2017 07:28

Probably getting sold on the reduced order book.

"Excluding ANNOVA, the year-end order book was 8% lower than the record prior-year level at GBP34.1m (2015: GBP37.2m)"

Edit: And worse than that on a constant currency basis when you factor in GBP weakness since the end of 2015.

[cfro] 30/3/2017 07:26

Agreed.

Very strong emphasis on returning to full strength and extremely upbeat about future prospects. The ANNOVA acquisition looks to be a very good move and has the potential to win many new contracts.

SSY is a solid, patient hold for me.

[bigwig] 30/3/2017 07:26

Good set of results. Eps impressive, Looks like it's turned the corner, may get noticed more now

[interceptor2] 30/3/2017 07:14

Very strong results issued today, very content that I added earlier this week. Could breakout of the consolidation period if interest is generated?