Sysgroup Share Discussion Threads

[jolomo] 23/6/2021 18:52

Thanks Martin, look forward to your comments after speaking with management.

[hastings] 23/6/2021 18:30

Yes hoping to, been away and snowed under since I've been back.

[jolomo] 23/6/2021 17:36

Martin, are you going to be talking to management any time soon? I'd be interested to hear why they felt unable to give any kind of current outlook guidance as we are already 3 months in. Appreciate that they are likely to still be COVID impacted so not expecting anything special, but still think they should tell us how things are going.

[tiltonboy] 22/6/2021 14:46

Picked a few up at 41.25

[weatherman] 22/6/2021 13:50

hxxps://ukinvestormagazine.co.uk/sys-group-appealing-valuation-and-highly-cash-generative/

[weatherman] 21/6/2021 11:45

How do you get that market cap corrected? Fall this am is really unwarranted. It surely deserves an EBITA / price ratio of at least 10 imo.

[hastings] 21/6/2021 10:40

CEO just been on Sky news, came across well as always and sounded positive enough for me!

[varies] 21/6/2021 10:31

As I expect others have noticed, ADVFN shows a mkt cap of under £6 million whereas the correct figure is about £22 million. Excellent figures.

[tiltonboy] 21/6/2021 09:50

I'm happy with those figures. Great recurring revenue.

[weatherman] 21/6/2021 09:31

Looks as good as expected. Presentation on results 1100am tomorrow Tuesday 22 June

[the chairman elect] 21/6/2021 07:55

No further acquisitions were made during the year but we remain very much committed to our stated strategy of being a consolidator in a hugely fragmented market. We are in a strong position to make accretive acquisitions with committed debt facilities, a strong cash position and a supportive institutional shareholder base. Whilst we have continued to seek out complementary acquisitions during lockdown, we have maintained our discipline and only focus on quality assets that meet our strict acquisition criteria. As we begin to come out of the pandemic and are once again able to meet with potential vendors face to face, we are confident that the pipeline of opportunity will pick up, with anticipated changes to Capital Gains Tax fuelling this further. The above is an extract from the Chairman's statement. LSE:SYS will in my view need to do X amount of M&A to get to critical mass - then it could get very interesting with LSE:SYS likely to come a T/O target itself!

[holts] 21/6/2021 07:47

I was expecting better .

[masurenguy] 21/6/2021 07:33

Solid set of results as expected. While revenue is down by 7%, EBITDA is up 4%, PBT is up 18%, eps up 3% and there is a positive net cash position of £1.88m. Summary and Outlook FY21 overall has been another successful year for the Group, demonstrated by the increase in Adjusted EBITDA and the strength of our year-end balance sheet. The £1.95m growth in Net Cash is also testament to the performance of the business throughout the course of the year. I said this time last year that the world has gone through material change and that technology has been an enabler for many to simply survive. Twelve months later and I now believe that almost all businesses will have no option other than to embrace technology in order to thrive. SysGroup is well established and ready to take advantage of those opportunities that will once again come to the fore when key decision makers have the confidence to once again commit to termed contracts and enhanced spending. Our business is highly cash generative and we remain committed to our stated acquisition strategy and continuing to be a consolidator in a highly fragmented market whose relevance over the last 15 months has really come to the fore. As the year progresses and we move beyond the fears of further lockdowns, I am certain confidence will return to pre-pandemic levels and the investments made by businesses into their technology platforms will exceed all previous levels. "I am pleased to report that the business has performed well over the last year given the significant challenges posed by a full 12 month period of lockdown restrictions. Improved Adjusted EBITDA and increased net cash, despite ongoing investment for the future, reflect our high levels of recurring revenues, strong operational controls and cash flow generative model. As lockdown restrictions ease and greater economic certainty returns, I have no doubt that investment into IT will be a major priority for many business leaders, as the pandemic has made our industry more relevant than ever. With a clear market focus and with the operational developments made over the past year, SysGroup is well placed to take advantage of this anticipated growth. The strength of our balance sheet coupled with our supportive investor base will also enable us to continue to be a consolidator in a fragmented, growing market, and I look forward to the future with confidence." Adam Binks, CEO.

[petewy] 06/6/2021 14:26

Thks Mea#sure

[masurenguy] 06/6/2021 13:02

Annual results are due to be announced on Monday week (June 21). Shouldn't be any negative surprises following the year end trading update in April so the current year outlook is likely to be the main influence on the shareprice direction. "The Group has continued to experience solid trading throughout the year despite the economic uncertainty. Revenue is expected to be approximately 7% lower than the comparative period due to the impact of the pandemic as customers deferred decisions on new expenditure, as noted in the Group's half year results to 30 September 20. Conversely, adjusted EBITDA is expected to be c.3% up on the prior year, slightly ahead of market expectations as the Group has benefitted from acquisition synergies coupled with tight management cost control. The Group had a cash balance of £3.47m at 31 March 21 (£3.04m at 31 March 20) with strong operating cash generation in the year. As we enter the new financial year and lockdown restrictions ease further, we are confident of delivering further growth, underpinned by our solid cash position and strong levels of recurring revenue" Y/E Trading Statement: 19 April 2021.

[tiltonboy] 28/4/2021 13:12

Impressive price action. It's suddenly become my second largest equity holding.

[hastings] 23/4/2021 13:22

Nice write up below that is worth a read. Https://businesscloud.co.uk/meet-the-flying-entrepreneur-who-refused-to-furlough-staff/

[the chairman elect] 21/4/2021 10:10

TECHINVEST interested ?!?!?

[tiltonboy] 21/4/2021 10:06

A four year high!

[weatherman] 19/4/2021 20:24

In 2015 shares were issued at 60p as the company acquired the business that became SYS Group after change of name - they traded above 70p for a while. EPS has gone from 0.9p to 3.4p in 2020. Undervalued imo at 42p.

[cheshire man] 19/4/2021 18:51

Clickable link :-) hTTps://martinflitton1.wixsite.com/privatepunter/post/sysgroup-trading-update-keeping-optimistic-19-04-22

[masurenguy] 19/4/2021 18:47

Cheers Martin - interesting and positive update !

[tiltonboy] 19/4/2021 18:15

Thanks for the update. Hopefully make a base above 40p, for the push up to 50p.

[weatherman] 19/4/2021 17:44

Thanks for that Martin - it deserves a better rating for its cost controls and growth potential.