Scisys Share Discussion Threads

[aishah] 04/5/2017 11:53

TechMarketView:

Thursday 04 May 2017
Seven suppliers on Met's £350m digital policing framework

Seven suppliers, including two SMEs, have been awarded a place on the Solution Provider Framework issued by the Metropolitan Police Service (MPS).

The MPS expects to commission approximately 10 projects a year through the framework, which is valued at £250m to £350m over four-years. Whilst it was developed for the MPS, it will be available for use by the rest of MOPAC (Mayor's Office for Policing And Crime), the Greater London Authority, the Police ICT Company and all other UK police authorities.

Example projects put through the framework, which will mainly be awarded through mini-competitions, include: asset management platform upgrade, information management transformation, public access improvements, mobility enhancements, and the digitisation of assets and records.

The MPS received applications from 15 suppliers and eventually selected seven for the framework. These included five big players: Accenture, BAE Systems, Capita, IBM and Leidos, and two SMEs: SCISYS and Informed Solutions.

Andy Whitehead, Divisional Director of Enterprise Solutions & Defence for SCISYS said: "This is a potential game changer for SCISYS in the MPS; our long-standing relationship with the MPS gives us a great platform to bring benefits to their business through this new framework.”

Digital transformation is a key component of the MPS’s drive for greater efficiency, but it still has work to do in this area. Its latest update to the London Assembly’s Police and Crime Committee reported that the Digital Policing overspend had increased by £6m to £30.3m in addition to using £24m worth of reserves.

[its the oxman] 30/4/2017 17:14

Chart looks overdue a sizeable move up. Fingers crossed.

[trier1] 28/4/2017 15:04

Interesting timing of granting of share options.

[runthejoules] 28/4/2017 13:13

Chances of it bringing in more work from
Other mega-police forces?

[garfield8] 28/4/2017 11:02

1.20 next stop get in fast before next wave to 1.50

[moneytree1] 28/4/2017 08:55

how much profit will the revenue bring in is more the question...

[soupdragon55] 28/4/2017 08:50

Great news, as pre says this is not a 300m deal. They expect around 30m of work from it. Not bad for a mcap of £30m.

[davr0s] 28/4/2017 08:36

That's my reading - so spread over the period a circa 20-30% uplift in annual revenue

[pre] 28/4/2017 08:33

posted on LSE:

adzeds
Posts: 105
Off Topic
Opinion: No Opinion
Price: 107.50
RE: RnsToday 08:58Think people are ready the RNS wrong!

This is not a 300m deal!

They have access to apply for up to 300m worth of contracts but are competing against all the others on the platform.

Likely effect is more likely only 50m max?

[potential] 28/4/2017 08:21

Vol picking up

[runwaypaul] 28/4/2017 08:15

breaking 110 resistance should bring a whole wave of fresh buyers gl

[aishah] 28/4/2017 08:00

finnCap reiterate 155p target.

[simon gordon] 28/4/2017 07:50

Think Downing is the seller, down to 2m shares, had c.3m at the start of the year.

[ileeman] 28/4/2017 07:37

Bought a big chunk this morning.

[spooky] 28/4/2017 07:33

Just continuing to work through the seller that has been hanging around since the results, they will run once he's done IMO.

[bigbigdave] 28/4/2017 07:32

Agreed, been adding today.

[janeann] 28/4/2017 07:25

well surprised this hasn't reacted more strongly to last nights rns..... This is a potential game changer for SCISYS

[noirua] 28/4/2017 00:56

Turnover from header indicated at £36.1m for SSY annually. Framework is £250m to £350m between 7 participants over 4 years.
I won't guess a share price move tomorrow as I always get it wrong.

[davr0s] 27/4/2017 16:38

I saw the price move as an alarm went off after a low alarm went off earlier so knew something likely up - should be a good day tomorrow then?

[noirua] 27/4/2017 16:27

Following an intense procurement process, SCISYS is one of only seven organisations to win a place on the framework. SPF expect to have a pipeline of GBP30m from the MPS and can be used by other UK police forces, parts of the Greater London Authority, and by partner organisations such as Transport for London. It is expected that up to 16 projects will be active at any given time and that up to 10 projects will be commissioned annually. The total value of the framework over its four year duration, including all potential participants, is estimated at between GBP250m and GBP350m.

[noirua] 27/4/2017 16:21

16.26hrs - few saw that in time. Myself included. They could have left it 4 minutes.

[tallprawn] 27/4/2017 15:29

Nice bit of news to end the day!

[simon gordon] 20/4/2017 09:33

TechMarketview - 20/4/17:

Scisys reassures on Brexit & space business

Scisys’ share price has been on a downward trajectory for the last couple of weeks. On 6th April, it stood at 110p. Its low point was Tuesday this week, when it stood at 91p. The reason? Press speculation regarding the future of existing contracts with UK firms for the European Union’s Galileo satellite navigation system project. There is a fear that the EU is calling for the right to cancel existing contracts with UK firms for the latest phase of work. The work is managed by the European Space Agency.

Scisys has, over the years, won several contracts through its British and German subsidiaries, both independently and in collaboration, to deliver key software systems for the programme (see Scisys maintains orbit with Thales contract extension and Striking year for Scisys). According to Scisys’ last annual report, the Galileo programme contributed €6m of revenues in the company’s FY16, representing c30% of the revenues of the space division, and 13% of total Group revenues. It’s, therefore, unsurprising that Scisys has sought to reassure, via a Board note today, that Brexit will not impact those revenues from Galileo. The main thrust is that it will be able to bid for work through either its UK or German offices. The company also expresses its confidence that a pragmatic solution will be found for Galileo that will benefit all parties (the EU, the UK Government and British industry). Moreover, Scisys points to new opportunities within the space sector that will benefit the Group, for example, via the UK Space Agency.

It is good news that Scisys can bid for Galileo contracts via its German subsidiary, Scisys Deutschland, because there remains considerable uncertainty around the impact of Brexit on UK suppliers to the Galileo programme (including British company, Surrey Satellite Technology). The day after the EU Referendum last year, SpaceNews published an excellent article on the potential for Brexit to disrupt the Galileo procurements – see Britain’s quitting the EU but will it be forced out of the EU space programs?. While the 22-nation European Space Agency is not a European Union organisation, the article explains that complications arise because the European Commission owns the Galileo positioning, navigation and timing network. The article also goes further, explaining other Brexit complications, like the fact that it may now be less attractive for international companies to invest in the UK to gain access to ESA and European Union space project funding.

[brummy_git] 20/4/2017 07:27

Likewise the FT said this morning that Brussels was scaling back in awarding contracts to British firms

[whymps2] 20/4/2017 07:10

Scisys released note reiterating that 'Brexit' will not affect earnings.http://www.scisys.co.uk/who-we-are/media-centre/detailed-news/article/898.html#.WPhekDwmKEc