Scisys Share Discussion Threads

[soundbuy] 21/9/2017 08:11

ANNOVA's outperformance should be taken as a positive............

Reads well...............

No ref to share buy back announced in May, never kept a tally.........guessing its completed........

[yump] 21/9/2017 08:00

Nothing new really. Probably does depend on the market mood. Some folk might not already have known about the heavy second half weighting.

Outperformance of Annova is good, giving rise to the exceptional. That's obviously good for prospects, but again, reaction of share price is market mood dependent.

Some folk might have preferred it to perform 'in-line', which would be bizarre, given the idea is to grow.

[boadicea] 20/9/2017 11:37

Clearly a reluctance to raise the offer above 100p ahead of results tomorrow but no discounts being offered to buyers and restricted availability on-line.
I'm not sure if this is a good sign??
The medium term looks strong but it may turn out to be a case of jam tomorrow which could prove a bit sticky in current markets.
All will become clearer soon.

[boadicea] 19/9/2017 14:27

It won't take much buying to cause a tick up - possibly the last chance below the pound. Currently some buys are going through on NEX rather than LSE and virtually at full ask.

[chasbas] 19/9/2017 11:04

Announcement on 7th Sep: "interim results for the half year to 30 June 2017 on Thursday 21 September 2017. The Directors remain confident that SCISYS will comfortably achieve current full-year guidance, a view supported by its 30 June 2017 order book value of £64m and buoyed by recent contract wins."

IMHO the only negative going forward is perceived exposure to Brexit, despite the company's refutation. It does have a full subsid in Germany.

Anybody else looking forward to good results on Thurs + maybe increased guidance etc? IMHO this stock is just too cheap now following reassuring newsflow on ANNOVA acquisition and other contract wins.

[boadicea] 15/9/2017 08:32

I note that the share issue to ANNOVA announced today has a 3 year lock-in period.

[tudes100] 07/9/2017 09:07

That £64m order book compares to £35m at AGM in June 16, nice bump up bodes well for year ahead imo.

[yump] 07/9/2017 08:23

and its full year guidance, not 'management expectations !

[soundbuy] 07/9/2017 07:44

The Directors remain confident that SCISYS will comfortably achieve current full-year guidance, a view supported by its 30 June 2017 order book value of GBP64m and buoyed by recent contract wins.

That'll do.......

'comfortably achieve' preferred to 'broadly in line', less wiggle room............

[mctmct] 31/8/2017 17:12

Downing seem to have sold 200k shares. No wonder the price has been held back despite recent good news.

[boadicea] 25/8/2017 09:36

"Underpins" is a fairly neutral expression implying that the probability of the two recent contract wins was already factored into the forecast. There is no suggestion (although we might hope) that the forecast will be soundly beaten.

However, the forecast is for a forward (Dec 2017) p/e of under 10 and with everything apparently proceeding to plan, leaves the share looking relatively cheap.

[stocky12] 21/8/2017 07:19

Another contract win.

[mfhmfh] 10/8/2017 15:57

this sounded positive '...and further underpins our current market guidance.'

IMHO.

[chasbas] 10/8/2017 15:47

Finncap (corporate broker) has a target price of 155p.

I went to investor lunch on 18th July. They know that to attract investor support they need to be bigger, hence target of increasing revenue from £46m to over £60m. Margin will also rise.

I remember another technology company saying that to be taken seriously in the industry they need revenue above £100m. So SSY seems to be on a steeper growth trajectory but probably needs more acquisitions. Company had less than £8m of net debt in April. Maybe they just need to be less cautious/less German. Given that they are mainly (entirely?) in niche areas, it is unclear quite what the company's growth potential is.

I also accumulated between 100p and 110p. GLA

[runthejoules] 10/8/2017 15:01

@chasbas "Easy 10-15% upside this year." Hah, that will take me to breakeven! Fingers crossed, eh?

[boadicea] 10/8/2017 13:53

I was in this in its CODA-SCISYS days and sold out following the split. Since then there have been a few bumps along the road but I have followed for the past few months as it was looking interesting again. Nearly bought yesterday, then saw the contract this morning and decided to opt in. It cost a penny or two more, but now have a better idea where we are headed.
Incidentally, many trades are going through on NEX (enter SSY.GB in the trade monitor) where they are all buys to date except line 1, but showing as sells.

[chasbas] 10/8/2017 11:10

New German Newsroom customer circa €2.5m: a major public German enterprise broadcaster. Validates product and prospective synergies from ANNOVA acquisition. "Commencing in Sep 2017, this initial contract is expected to be delivered by the end of 2018 and further underpins our current market guidance."

SciSys's CEO describes it as a "particularly exciting contract win..."

IMHO the ANNOVA acquisition risk has all but gone and with good results in prospect for 2017/18 the shares are just too cheap. We haven't had H1 2017 results yet but have had an upbeat AGM update on 8th June. There is no real BREXIT risk as company has a major subsidiary in Germany.

Shame there is so little interest in this small but very high quality tech company. In the past it has not delivered much growth but IMHO this will improve from this year. Big time! Easy 10-15% upside this year.

[weatherman] 10/8/2017 08:22

Contract win in Germany

[chasbas] 09/8/2017 08:54

Commercial milestone achieved in BBC contract by ANNOVA Systems GmbH

SCISYS PLC ("SCISYS"), the supplier of bespoke software systems, IT-based solutions and support services to the Media & Broadcast, Space, Government, Defence and Commercial sectors, is pleased to make the following announcement, further to its acquisition of ANNOVA Systems GmbH (“ANNOVA”;) in December 2016. ANNOVA has successfully completed a key milestone in respect of its long-term contract with the BBC, for the supply of ANNOVA’s OpenMedia software. With the critical software functionality implementation and live pilot milestones successfully completed, roll-out of ANNOVA’s OpenMedia software solution across the BBC will now start as part of the next stages of this project.

On achieving this milestone, an earn-out payment of €2.02m will become payable to the sellers of ANNOVA in respect of ANNOVA’s financial year ending 31 December 2016. This will be satisfied by a cash payment of €1.82m, funded from existing cash resources and bank facilities, with the balance to be satisfied in new ordinary shares in SCISYS, subject to a 36 month lock-in. A further announcement will be made once the final number of shares is determined in accordance with the terms of the original acquisition agreement, and application for admission to AIM will be made.

ANNOVA (www.annova.tv), based in Munich with roots going back to 1989, is a leading supplier of newsroom editorial solutions in the media sector. It has a robust business model based on its mature OpenMedia software solution. OpenMedia provides next-generation newsroom system functionality, enabling story-centric workflows for news to be created for distribution on any medium. OpenMedia software licence sales are complemented by the sale of professional and consultancy services.

Commenting, Klaus Heidrich, CEO of SCISYS said:

“Congratulations to the entire ANNOVA management and team. We are excited that ANNOVA has successfully achieved this important project milestone in close cooperation with the customer, which supports our assumptions made when evaluating the potential in ANNOVA’s contract with the BBC.

“The team will maintain the momentum as it moves into the so-called transition phase where OpenMedia will be deployed across the BBC. The achievement is testament to the outstanding capabilities and performance of ANNOVA and impressively proves the rationale for this acquisition.”

[tudes100] 21/6/2017 23:43

Really interesting, thanks for sharing

[weatherman] 21/6/2017 13:37

UK growth in space sector.

[2breakout] 16/6/2017 00:17

Failed to break 110p 3 times, would buy if if went through that level or falls back closer to 70p.

[aishah] 14/6/2017 05:09

Time to add more. All on track and broker target of 155p. Very undervalued imo. Dyor

[2breakout] 13/6/2017 21:44

Doubt CR and BBD are still holding

[2breakout] 13/6/2017 21:43

Not performing well.