Scisys Share Discussion Threads

[paleje] 14/5/2019 11:47

Simon Thompson has tipped these today

[boadicea] 01/5/2019 13:30

On balance I would guess the share price will stick around the £2 mark for a while, either just above - bouncing off it as a support level, or just below as a ceiling. Anyway, buys have breached the 200p mark today.

Its tendency to be reliant on quasi-governmental organisations (EU, Space, Broadcasters, utilities etc.) gives it a measure of stability insofar as they are mainly Western and spending other people's money. The complexion could change somewhat when the new EU parliament is installed shortly - it may look very different from the current one - especially if it decides to get a grip on the executive.

However, any effect on SSY is likely to be slow due to the longer term nature of its contracts.

[boadicea] 01/5/2019 13:26

On balance I would guess the share price will stick around the £2 mark for a while, either just above - bouncing off it as a support level, or just below as a ceiling.

Its tendency to be reliant on quasi-governmental organisations (EU, Space, Broadcasters, utilities etc.) gives it a measure of stability insofar as they are mainly Western and spending other people's money. The complexion could change somewhat when the new EU parliament is installed shortly - it may look very different from the current one - especially if it decides to get a grip on the executive.

However, any effect on SSY is likely to be slow due to the longer term nature of its contracts.

[weatherman] 30/4/2019 11:49

It should go through 200p soon and form a new support level - imo.

[metis20] 30/4/2019 07:54

Employing around 650 staff, SCISYS Group is a leading developer of information and communications technology services, e-business, web and mobile applications, editorial newsroom solutions and advanced technology solutions. The Company operates in a broad spectrum of market sectors, including Media & Broadcast, Space, Government and Defence and Commercial sectors. SCISYS clients are predominantly blue-chip and public-sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Thales Alenia Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, Radio France, RTL, RNLI, Pets at Home, Siemens and the National Trust.

[boadicea] 30/4/2019 07:51

The interesting point about this and other recent contract wins is the accompanying statement that they are within current guidance - meaning that the wins have already been factored into forecasts.

The positive implication is of considerable confidence in their chosen path and of having the European project side of the business effectively sewn up.
The negative side, not so far in evidence, could be the possibility of programme delays or cancellations when heavily dependent on contracts from a single source.

On account of the above, the share price does not perhaps show quite the exuberance that might be superficially expected from the raft of wins over past months. However, the arrival of anything less anticipated from a more diversified source could give the company a significant boost.

[blackfinance] 30/4/2019 07:17

Good looking contract win!

[blackfinance] 15/4/2019 08:38

Dr Know - Many thanks for the update.

[dr know] 09/4/2019 21:37

Here you go.

A raft of contract wins increased profit by 16% and the consequent cash flow halved borrowings to £3.1m so eps increased by 40% to 12.8p with an increase in the dividend that has seen the payout increased by over 10% every year since 2013. The order book is at record levels, and it has Brexit-proofed its ownership structure. "I maintain my earlier view that Scisys is a real Brexit winner. Buy." Target price of 230 reiterated.

[blackfinance] 08/4/2019 09:39

Welsheagle - Any chance of a brief synopsis...if possible? Thanks.

[welsheagle] 08/4/2019 09:34

Good positive article by Simon Thompson in Investors Chronicle this week

[mfhmfh] 05/4/2019 15:01

buys above 180p coming in

[yump] 30/3/2019 16:52

Seems pretty clear that the exceptionals and amortisation are one-offs and therefore the headline profit figure is a reasonable reflection of progress. Annova amortisation, the final payment to the owners and the movement to Ireland are not going to happen again.

So in 2019 there should be a 'clean' set of results and with increasing revenue, would expect forecasts to be of good growth.

One of the more solid businesses I'm invested in thank goodness !

[yump] 28/3/2019 12:21

Interesting reversal again as with some other shares - mm's clearly nervous about all results (even the good ones) until they stimulate a bit of buying.

[mfhmfh] 28/3/2019 12:12

positive write-up by ST in IC today.

He has a 230p target price.

'I maintain my earlier view that Scisys is a real Brexit winner '.

[mfhmfh] 28/3/2019 11:59

great results today IMHO.

Highlights:

· Record order book of £98.6m (2017: £88.2m restated).

· Net debt reduced to £3.1m (2017: £5.9m) despite exceptional cash outflows

· Adjusted basic earnings per share increased to 13.1p (2017: 9.3p).


Also the following looks like the company will be involved in the EU and UK satellite programmes:

'SCISYS is now well placed to expand its participation in EU-funded space programmes (EGNOS, Galileo & Copernicus) and bring its wealth of expertise in the design and build of ground segment and on-board systems to the projected UK national programme for a UK satellite navigation system alternative to Galileo.'

[mfhmfh] 28/3/2019 11:53

Finncap today reiterates 210p target price.

[runthejoules] 28/3/2019 07:46

Hmm.

Adjusted operating profit was up 16% at £5.1m (2017: £4.4m restated), while statutory operating profit was £2.5m (2017: £4.5m restated) after bearing amortisation costs relating to the Annova acquisition of £1.3m (2017: £2.0m) and net exceptional charges of £1.3m (2017: £2.1m credit).

So profit basically halved due to expansion & Brexit, yet divs up 10% and debt almost halved. A very well run diversified company it seems with management not afraid to invest long term to avoid bumps in the road, which mainly seem over now.

I could see some selling on the decease in short-term profits but more fool them.

[podgyted] 28/3/2019 07:38

Figures look really good. Adjusted EPS of 13.1 is in excess of the consensus forecast 12.1p on Stocko.

[gconvery] 27/3/2019 12:44

Looking perkier now....hopefully results will push this on...

[boadicea] 27/3/2019 09:25

"The Directors expect that the Company's trading results for 2018 will comfortably meet current market guidance in respect of revenues and adjusted operating profit." [Update 25th Jan 2019]

Seems there is a distinct lack of heightened expectation about tomorrow's results.

[blackfinance] 20/3/2019 08:38

Sev22 - Lets hope your trade was responsible for the tick up today !!!

[sev22] 18/3/2019 12:20

I topped up earlier, the trade for 7,900 shares was my buy.