Scisys Share Discussion Threads

[brucie5] 14/6/2019 12:53

And UK PLC is cheap atm, c/o of Brexit.

[yump] 14/6/2019 12:51

There’s some stuff on tv / media about uk tech startups - encouraging them etc etc. Shame the government can’t protect them in some way. So it’s ok to have gov funding and help for risky startups but ok to let them go when they’re successful.

[brucie5] 14/6/2019 12:46

Damn, that's a shame. For 20% premium, there goes another great UK PLC.

[balancer] 14/6/2019 12:44

I am sorry to see it go. SciSys has been one of my best AIM shares for a decade. 254 is lower than I would have liked but considering the weak price over the last 10 days it would probably have taken till next year to get to 250 in the market.

CGI is Canadian, SciSys had to move to Eire to keep its EU work in Germany, what will happen to that now.

[boadicea] 14/6/2019 10:34

Unfortunately the bid is agreed and not contested. This puts any counter-offerer at a disadvantage.

[mfhmfh] 14/6/2019 09:06

I agree - I had this as a long-term hold.

254p too cheap. I'm waiting (hopefully) for a counter offer.

CGI Group know they've bought this on the cheap.

I'm looking for a 300p counter offer.

All IMHO.

[yump] 14/6/2019 08:38

Shares like this longer term are the ones you rely on to boost the portfolio to more than cover other losses but it seems in the uk everything is for sale

I suppose counter offer would be a small compensation

[runthejoules] 14/6/2019 07:21

Going to hold for div and possible counter offer. And because I'm too stingy to pay HL £11.99.

[the vampire] 14/6/2019 06:38

254 offer price.

[yump] 10/6/2019 14:55

Blame me for jinxing it if you like, but its looking very bullish at the moment.

[yump] 07/6/2019 10:28

Given the very significant reversal yesterday, I wouldn't be at all surprised to find 200p becomes support - give it time. The rating in the previous range all the way from June 18 was often higher than it is now and that was with the Brexit worries. Now SSY have sorted that out and are still growing, it would seem a good reason to be higher than 200p by a margin.

Its not that unusual for quality businesses to run at p/e's of 20.

[runthejoules] 06/6/2019 23:05

Prolly should have bought those 183p shares I could have got earlier! Got a few enough already though

[mfhmfh] 06/6/2019 16:43

Finncap have a 225p target price.

[boadicea] 06/6/2019 16:15

SSY has changed somewhat over the past five years but for the record there has been a tendency for a dip on mid-year AGM statements as below -
2014 a fall of ~10% (~89 to ~80p) followed by recovery on statement in July
2015 larger drop of ~28% as a reaction to a potential breach of banking covenants
2016 generally stable but responded well on a pre-results statement in August
2017 fall of ~10% (~110p to ~98p) followed by a strong advance on September statement
2018 spike down below 150p and immediate strong recovery to ~180p.

In contrast to this, the interim figures in late September of most years have produced almost no market response - so the company is evidently good at expectation management.

The above is a very rough outline and I haven't correlated the drops exactly to the mid-year/AGM statement dates. However yump's idea appears valid on balance and supports mfh's suggestion of a time to top up. The question is whether to do it now or wait for some less-than-exciting interim figures in September and risk losing out to a further contract win announcement.

At least we know that the 200p support was not there and we could now be looking at 180p, perhaps with 200p as a ceiling for some months ahead.

[yump] 06/6/2019 15:24

That was very short-lived and looks like one of those 'return to support before a breakout' things that the charters talk about.

[yump] 06/6/2019 08:54

I suppose it might be worth seeing what the share price has done in the past when there's been a forecast of second half weighting, to see if there are predictable drops for buying, but I can't be bothered. The business is in very good shape - I think just buying when off the top and waiting will do.

[mfhmfh] 06/6/2019 08:11

positive statement today. top-up opportunity. IMHO.

[its the oxman] 06/6/2019 08:06

Buying opportunity , prospects remain strong.

[boadicea] 06/6/2019 07:49

The market is in no mood at the moment to do other than look for negatives.
It appears to have found one in the dreaded "second half weighted" comment (see below) which it is probably interpreting as a prediction that the first half will disappoint when it had more likely been anticipating a "marginally ahead".

"The Directors expect that the Group's earnings in 2019 will follow the more familiar pattern of being heavily weighted towards the second half of the year; the more balanced profile of business seen in 2018 proved to be a temporary phenomenon."

[runthejoules] 06/6/2019 06:35

Good update, it seems to me. Positive, in line.

[boadicea] 15/5/2019 12:26

Good to see it in the 200's. Will it hold?
If so we can hope for a strong support level to develop.