Scisys Share Discussion Threads

[davebowler] 23/10/2017 10:41

FinnCap;

SCISYS will see its Space division revenues underpinned over the next 5 years by a huge €18m contract to deliver the ground station control and communications infrastructure for the German national satellite-communications mission. The supplier of bespoke software systems, IT-based solutions and support services to the space, media & broadcast, government, defence and commerce sectors, has won the “Heinrich Hertz” Mission contract as prime contractor, incorporating its proprietary PLENITER software suite. Although work commences imminently, the majority of project revenues will be seen between 2018 and the scheduled completion date in 2021. We make no changes in our forecasts at this stage but this contract brings even greater confidence in the medium to long term success of the business.

[mfhmfh] 23/10/2017 09:33

Significant statement from the Divisional Director of SCISYS Space:

'Consequently we are now taking a step-change from a subsystem supplier role to being the prime contractor for the full ground segment of an important national space mission.'

All IMHO.

[mfhmfh] 23/10/2017 09:07

significant win for space division. hopefully will allay fears Brexit will negatively affect Space Division.

[boadicea] 23/10/2017 08:52

A muted reaction in terms of trade volume - but don't ignore the additional trades on NEX (enter SSY.GB to see them).
That's fine - this isn't a gogo share and will take its time for the market to digest. I would expect to see more institutional support in due course if they can get large enough blocks to make it worth their while.

[nick rubens] 23/10/2017 08:49

That's a big contract. Should get some broker forecast upgrades.

[runthejoules] 23/10/2017 07:26

Euro18m Prime Contractor Win for Space Division
RNS Number : 2632U
SCISYS PLC
23 October 2017


The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014



SCISYS PLC

(AIM: SSY)



€18m Prime Contractor win for Space Division



SCISYS PLC ("SCISYS"), the supplier of bespoke software systems, IT-based solutions and support services to the space, media & broadcast, government, defence and commerce sectors, is pleased to announce it has been awarded a €18m contract by OHB System AG to deliver the ground station control and communications infrastructure for the German national satellite-communications mission, Heinrich Hertz, as prime contractor. The project will commence in 2017 and the majority of project revenues will be delivered between 2018 and the scheduled completion date in 2021.



SCISYS Space will deliver the Heinrich Hertz ground station control and communications infrastructure incorporating our proprietary PLENITER® software suite for the planning, implementation, control and operation of complete satellite missions.



One key advantage of the solution is that it offers the potential, where needed, to provide reliable automation technology that complements the conventional, non-automated system elements. This may help make future operations more efficient.





Dr. Horst Wulf, Divisional Director of SCISYS Space, said:



"This great success reflects the outstanding work of SCISYS Space as a partner in the ground segment of many key national and international space missions. Consequently we are now taking a step-change from a subsystem supplier role to being the prime contractor for the full ground segment of an important national space mission. Our state-of-the-art software solution will combine both reliable automation technologies and non-automated software elements."



Klaus Heidrich, CEO of SCISYS, added:



"I am delighted to announce this exceptional win by our Space division. It underscores that our growth strategy in this domain is bearing fruit not least because of the proprietary PLENITER® product. My congratulations go out to the entire management and team in our Space division who have been working on this opportunity to finally secure this great success."

[boadicea] 23/10/2017 07:25

Anoother important project win strongly reinforcing forward growth prospects and emphasising the apparent undervaluation of SSY.

[penpont] 23/10/2017 07:24

Excellent contract news.

[boadicea] 13/10/2017 16:46

A satisfactory end to the week.

Any weekend press comment would be helpful - otherwise we may have to wait for the next trading update which, last year, was as early as mid-November and which carries a decent probability of an upgraded earnings forecast.

[mfhmfh] 12/10/2017 11:39

hopefully share price can break past this resistance of around 110-112p. clear skies after that.

[boadicea] 11/10/2017 16:45

The market has been slow to catch on here, imo.
Not complaining!

[soundbuy] 11/10/2017 16:03

Jeez, a few stale bulls in this one......onwards and upwards....

[martinthebrave] 11/10/2017 14:24

Just bought back in having read Simon Thomson piece in IC. One to tuck away for a year or so.

[penpont] 11/10/2017 13:27

That is a very strong buy rec from ST. He doesn't get them all right but this time I think his conviction is justified. Hopefully today's rise will be backed by more buying when the print copy of the mag comes out on Fri.

[x54v] 11/10/2017 12:05

Just been tipped by Simon Thompson:

[boadicea] 06/10/2017 16:18

I have been wondering how long this would stay in the doldrums - quite useful when one is quietly trying to build a modest position without inflating the price.
Reached my initial target a few days ago, so pleased now to see some overdue advance.
Unlike many other small caps the broker target here (fincap 155p) does not seem too fanciful.

[boadicea] 22/9/2017 13:34

So "expectations" are now at the "higher end of expectations" which is a bit of a nonsense. Do we now formally have new expectations at the higher end of previous so that formal notification will be required if results appear likely to fall below the mid-point of the original expectation?... or do the rules still require notification of an upward miss?

A future statement could clarify. However we do not know how to interpret the absence of any statement before the next results day.

[runthejoules] 21/9/2017 22:56

Ah, is it another fund getting out of small caps is it? Naked Trader says it's too low atm. Holding for the bounce

[runthejoules] 21/9/2017 22:56

Ah, is it another fund getting out of small caps is it? Naked Trader says it's too low atm. Holding for the bounce

[yump] 21/9/2017 12:04

Well its nice to be in a business with a modest p/e (10 ish for this year?) that's got a fair chance of growing. Sometimes the share price rises ahead of the growth, sometimes not, but if there's growth more than 10% it will eventually.

There are always good businesses on relatively low p/e's and everyone tries to work out why they are 'too low'. Thinking in particular of INSE until it started rising to meet growth expectations.

Sometimes it must just be a constant trickle of share onto the market from early investors that keeps the share price flat.

[davebowler] 21/9/2017 11:31

Finncap;
Price: 97.5p Target Price: 155.0p
Lorne Daniel
020 7220 0545
[e-mail]



A strong set of interims leaves the company comfortably positioned to deliver at the higher end of expectations for FY 2017. Assisted by six months of ANNOVA, acquired in December, H1 revenue grew 22% YoY (and 6% organic) to a record £27.2m. This delivered adj. PBT of £0.9m, down 12% on H1 2016 due to the increased interest from the acquisition loan. We are lifting our revenue expectation from £53.4m to £54.0m. SCISYS profits are traditionally H2-weighted, so we continue to expect it to deliver adj. PBT of £4.0m for 2017 thanks to the exceptional £64m order book and several large new contracts. We reiterate our 155p target price.

[simon gordon] 21/9/2017 11:15

Biggest headwind is Downing selling down, day they clear it could bounce hard.

[runthejoules] 21/9/2017 10:49

I know Paul Scott has been watching this one so maybe he'll cover it later. Loss on Annova to be expected by us but perhaps not by anyone reading it for the first time. I think Brexit is still weighing on sentiment more than it should with Theresa May's offer of 20 million euro likely to be derided.

[mfhmfh] 21/9/2017 10:46

FinnCap today reiterates 155p target price.

[mfhmfh] 21/9/2017 10:46

Record half-year order book of £64m (2016: £35m).

Interim dividend up 11% at 0.59 pence per share (2016: 0.53p).

ANNOVA's success exceeded expectations...

Mike Love, Chairman of SCISYS, commenting on the results, said: "At this point in time we anticipate that we will deliver full-year results at the upper end of current guidance."