Scisys Share Discussion Threads

[mrnumpty] 27/2/2019 17:48

Bigwig . Thanks for the information and the clarification . I'm still holding and , as I wrote earlier , in my very humble opinion this might be an opportune moment to top up . Although I only have the most rudimentary understanding of charting , the price at the moment is surely below all of the various moving day averages since autumn 2017 . Anyway , thanks again .

[mfhmfh] 25/1/2019 08:52

SSY always seem conservative in their statements but always seem to deliver good results.

Cash flow is always a good judge of a company IMHO:

'Net cash flow for 2018 was healthy, with the year-end net debt reduced to £3.1m (2017: £5.9m) despite substantial exceptional cash costs for the execution of Brexit contingency plans and payment of a final earnout settlement relating to the December 2016 Annova acquisition.'

I wouldn't be surprised if debt at half-year results was cleared or completely cleared unless they make another acquisition.

No more earnouts need to be paid for the Annova acquisition and likely one-off Brexit related costs are now out of the way.

All IMHO.

[cfro] 25/1/2019 08:15

Good update. Revenues and profits to be comfortably inline.

Bumper order book and debt reduced to around half despite costs associated with moving to Ireland.

[boadicea] 21/1/2019 16:54

RE: 763
The company has not moved its Head (or 'Corporate') Office which remains in Chippenham.
The move relates to the Registered Office of a new holding company which is in Dublin. It may be no more than a post box or broom cupboard for all I know. One has difficulty locating it on their website excapt as a red dot on a map. All the listed sites are elsewhwere except for the corporate broker who is located in the RoI.

A note issued by the company to correct misleading press reports clarifies -

HTTPS//www.scisys.co.uk/who-we-are/media-centre/detailed-news/article/brexit-clarification.html#.XEXwus2nzcs

[yump] 21/1/2019 14:58

Some stocks really do drop in an unnerving way. MCL has done the same in the past.

But the rises make you wonder whether people that really, really know the businesses are regarding those drops as opportunities for quite heavy buying.

Plenty of other sp's drop drastically on no bad news and then do very little in the way of bouncing.

[mfhmfh] 21/1/2019 14:48

may have a trading update this week which could boost the share price further (last year was on 23rd January).

[hyperboreus] 21/1/2019 13:50

Correct cfro.

Headline:

'Scisys on a mission for highly profitable growth'

Conclusion:

'The deleveraging of the balance sheet, a growing record order book and the slew of EU-funded contract wins, should give investors confidence to value the shares on a far higher rating than a forward PE ratio of 12.5 for 2019, one reason why I believe fair value is now around 230p, having last advised buying them, at 145p (‘Exploit a mispriced Brexit winner’, 24 Oct 2019). Buy.'

[cfro] 21/1/2019 13:36

Price rise right on 12 noon. My best guess is this has been tipped, quite possibly by Simon Thompson of IC.

[tomg23] 21/1/2019 13:18

I bought some at 139.65 and 139.40. Only small as was just a top at at the time. Has there been a tip on this somewhere today does anyone know?

[yump] 21/1/2019 12:52

Be back to its old high soon, which is pretty good going considering all the stuff that is going on.

So own up, who bought at 140p ? I didn't as got too excited when it broke out to 160 April 2018, so have got enough !

Would have been a great trade 3 times if you liked trading although the spread has been quite wide - easy to say in retrospect.

[cfro] 16/1/2019 08:14

Yes, agreed, all part of moving to Ireland, so likely to be pre-negotiated contracts.

The company is in a very strong position now. the concluding part of the statement was interesting:

"With our strong involvement in EGNOS and Galileo, we are one of the leading partners in Europe's independent satellite navigation programmes. The future prospects of the Group continue to look highly encouraging."

[interceptor2] 16/1/2019 07:51

Another contract win announced this morning, interesting statement within the RNS "We are delighted with this further contract win by our Space division, which concludes the recent series of Space contact wins"

Looks like the final contract win for a while and indicates that these awards from the ESA were held back until they moved the head office to the ROI.

[mfhmfh] 11/1/2019 10:48

finnCap yesterday reiterated 205p target price.

[cfro] 11/1/2019 10:03

Agree with the above,

As these contracts were already anticipated it does seem crazy that they have all been 'landed' since the head-quarter move to Ireland.
Perhaps the company were put in a position that if they didnt move then there was a possibility they could lose all these lucrative contracts...

But either way i think we can safely deduce two things: firstly, that the company have a very strong relationship with the ESA, and secondly, the company is clearly doing something very right and as a consequence must be trading extremely well.

[yump] 10/1/2019 12:14

I think that is the crux of it - reassuring shareholders and I guess the contracts are significant and material - they certainly would be if they hadn't happened.

[illiswilgig] 10/1/2019 11:17

On the face of it these RNS's for contracts which are anticipated may seem unnecessary.

But these are not normal times and they do provide confirmation that SSY ability to win these contracts has not been affected by the current uncertainty over relationships with the EU.

A known known if you like.....

cheers

[boadicea] 10/1/2019 09:00

cfro - Yes. Each of the five recent rns's issued for contract awards have included the statement that it is included in existing market guidance. By implication therefore they have been anticipated.
Prior to the recent move to company registration in the RoI there may have been some embarrassmant in ESA and that could possibly account for the apparent bunching of the awards. This is of course a silly reason insofar as the change is purely cosmetic but may have saved face for some ESA overlords.

[davebowler] 10/1/2019 08:32

Chart breakout I think.

[cfro] 10/1/2019 08:10

Another contract win. Looks like this one was perhaps anticipated though.

[montyhedge] 03/1/2019 08:57

Wonder what the profit margins are? No good winning these contracts on thin margins.

[cfro] 03/1/2019 08:39

An impressive line-up of contract wins.

[interceptor2] 24/12/2018 07:58

And another contract win, that is three decent new contract win in the last 7 days.

[mfhmfh] 20/12/2018 14:10

contract win