2023 new management covered here... |
 Copy of header
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Next corporate event: Final Results for the period ended 31 March 2024 on 31 July 2024.
Shaded area on intraday chart is the spread, line is the mid-price.
VERY long term chart. Eod close above historical resistance [50] needed.
[Scroll down for order depth]
Half year results for the six months ended 30 September 2023
Executive Chairman Heejae Chae joined the Board in June 2023 and has taken 6,800,000 shares [13.90%] formerly at SCAPA, + NED at IPGroup[IPO.L ]& Elementis plc[ELM.L]
HC subsequently added and now holds 14.2%
After placing 7/6/24 HC is diluted and now holds 7,707,575 or 9.30%
Post 1 Significant shareholders and changes.
Post 2 Useful research links
Post 3 Chart with pattern target and u/l trendline convergence dates.
The Company’s issued share capital consists of 85,515,091 ordinary shares
1% of shares = 855,150.91
The Company holds 2,561,394 ordinary shares in treasury
In addition to the LSE, SYS also trades on the AQSE...
Keep tabs on new strategic trading partner Softcat
Andrew Hermsen, Softcat plc's Chief Technologist - Data, AI & Automation commented
"We are pleased to announce our strategic partnership with SysGroup, which represents a significant step forward in addressing the evolving needs of our customers in the dynamic and rapidly growing machine learning market. This collaboration leverages the unique strengths of both companies, combining SysGroup's innovative AI and ML solutions with Softcat's deep expertise in the IT market. Together, we are poised to deliver unparalleled value, helping our clients harness the transformative potential of machine learning to drive business growth and innovation. As the opportunities in this space continue to expand, we are committed to providing cutting-edge solutions that empower our customers to stay ahead of the curve."
Heejae Chae, SysGroup's Executive Chairman commented
"We are thrilled to have achieved 'Preferred Partner' status with Softcat plc, marking a significant milestone in our journey to become a leading force in the AI and ML markets. This partnership not only validates our innovative approach to AI and ML solutions but also opens up new possibilities for us to deliver exceptional value to our clients. By combining our strengths with Softcat's industry-leading expertise, we can offer comprehensive and cutting-edge solutions that drive efficiency and innovation for our customers. We look forward to the tremendous opportunities this collaboration will bring and are excited about the positive impact it will have on our clients' success."
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SYS Group on twitter
Heejae Chae on Linkedin
Shareholder Martin Flitton
Martin Flitton's blog |
Significant shareholders [16/11/23] and changes. [Pp = Post placing 7/6/24]
Significant shareholders Number of shares Percentage holding
Gresham House Asset Management Limited 12,999,563 26.57% Pp 21,815,963 26.30%
Canaccord Genuity Group Inc 8,093,302 16.53% Pp 9,453,302 11.40%
Heejae Chae 6,800,000 13.90% RNS TR-1 17/8/23 6,950,000 14.20% Pp 7,707,575 9.30%
Darren Carter 3,552,632 7.27% RNS 29/2/24 5,038,158 10.29% Pp 5,788,158 6.98%
Herald Investment Management Limited 3,444,581 7.04% Pp 4,194,581 5.06%
[New 7/6/24] NR [Nat Rothschild] Holdings Limited 3,000,000 3.62%
Praetura Group Limited 1,710,256 3.49% RNS 29/2/24 0% SOLD ALL to D Carter
Directors Number of shares Percentage holding Pp 7/6/24
Heejae Chae 6,950,000 14.20% Heejae Chae Pp 7,707,575 9.30%
Martin Audcent 117,499 0.24% [No longer a director as of 11/3/24]
Mark Quartermaine 76,923 0.16% [No longer a director as of 12/12/23]
Mike Fletcher 77,193 0.16% Mike Fletcher 122,647 0.10%
Owen Phillips 60,606 0.10%
Paul Edwards 151,515 0.20%
Mark Reilly 45,454 0.10%
Davin Cushman 303,030 0.40%
================================
The Company holds 2,561,394 ordinary shares of one penny each (£0.01) in treasury and there are no restrictions on the transfer of the Company’s securities. Therefore, the total number of voting rights in SysGroup PLC is 48,934,690 and this number shall be the denominator for shareholders to calculate if they are required to notify their interest.
The company intends to hold these shares that were bought from the retiring CEO for the long term, to be used to fulfill options and other corporate obligations.
26 May 2023
" In respect of Adam Binks' departure, the Board has agreed that the 826,394 unvested options granted to Adam Binks under the Company's 2020 LTIP Scheme may vest with immediate effect with all restrictions on all his options waived. Adam Binks has agreed to immediately exercise all his options granted under the 2018 and 2020 LTIP schemes, totalling 2,076,394 ordinary shares of 1p each ("Ordinary Shares"). Adam Binks has further agreed to sell, and the Company has agreed to buy, a total of 2,076,394 Ordinary Shares at a price of £0.375 per Ordinary Share. The Company will hold these Ordinary Shares in treasury to satisfy the exercise of future share options under SysGroup's share incentive schemes." |
SysGroup expects to publish its half year results for the six-month period ended 30 September 2024 on 3 December 2024.
Shaded area on intraday chart is the spread, line is the mid-price.
VERY long term chart. Eod close above historical resistance [50] needed.
[Scroll down for order depth]
Half year results for the six months ended 30 September 2023
Executive Chairman Heejae Chae joined the Board in June 2023 and has taken 6,800,000 shares [13.90%] formerly at SCAPA, + NED at IPGroup[IPO.L ]& Elementis plc[ELM.L]
HC subsequently added and now holds 14.2%
After placing 7/6/24 HC is diluted and now holds 7,707,575 or 9.30%
Post 1 Significant shareholders and changes.
Post 2 Useful research links
Post 3 Chart with pattern target and u/l trendline convergence dates.
The Company’s issued share capital consists of 85,515,091 ordinary shares
1% of shares = 855,150.91
The Company holds 2,561,394 ordinary shares in treasury
In addition to the LSE, SYS also trades on the AQSE...
Keep tabs on new strategic trading partner Softcat
Andrew Hermsen, Softcat plc's Chief Technologist - Data, AI & Automation commented
"We are pleased to announce our strategic partnership with SysGroup, which represents a significant step forward in addressing the evolving needs of our customers in the dynamic and rapidly growing machine learning market. This collaboration leverages the unique strengths of both companies, combining SysGroup's innovative AI and ML solutions with Softcat's deep expertise in the IT market. Together, we are poised to deliver unparalleled value, helping our clients harness the transformative potential of machine learning to drive business growth and innovation. As the opportunities in this space continue to expand, we are committed to providing cutting-edge solutions that empower our customers to stay ahead of the curve."
Heejae Chae, SysGroup's Executive Chairman commented
"We are thrilled to have achieved 'Preferred Partner' status with Softcat plc, marking a significant milestone in our journey to become a leading force in the AI and ML markets. This partnership not only validates our innovative approach to AI and ML solutions but also opens up new possibilities for us to deliver exceptional value to our clients. By combining our strengths with Softcat's industry-leading expertise, we can offer comprehensive and cutting-edge solutions that drive efficiency and innovation for our customers. We look forward to the tremendous opportunities this collaboration will bring and are excited about the positive impact it will have on our clients' success."
================== |
Thank you for the SYS chart bamboo2 - any chance of a longer term SYS chart at say 5 years or even longer? |
Nice looking chart. Price rising above correctly ordered rising sma's. |
When was that 44k traded |
Trading Update & Notice of Results
SysGroup plc (AIM:SYS), the managed IT services, cyber security and cloud hosting provider, is today providing an update on the Group's performance for the six months ended 30 September 2023 ("H1 FY24" or the "Period").
Group trading performance
The Group has delivered a steady trading performance for the Period delivering growth in high value Managed IT services revenue, which has been offset by lower Value-Added Resale ("VAR") sales. Overall, this has resulted in slightly lower Group revenue when compared to the same period in the prior year. The Group is expecting to report revenue for H1 FY24 of £10.96m (H1 FY23: £11.32m) and Adjusted EBITDA1 of £1.56m (H1 FY23: £1.68m).
At the end of the Period the Group's gross cash was £1.98m (H1 FY23: £4.22m) following payments to satisfy the Truststream year one earn-out, acquisition of 2,076,394 ordinary SysGroup shares (now held in Treasury) and the settlement of the former CEO's contractual terms. Net debt2 at the end of the Period was £3.43m (H1 FY23: £1.92m) and excludes future contingent consideration of £1.84m (H1 FY23: £2.93m).
Organisational Changes
SysGroup plc is pleased to announce the following appointments to strengthen its senior management team as it focuses on delivering an end-to-end data solution.
· Heinrich Koorts - Chief Revenue Officer (formerly Softcat plc)
· Ross Humphrey - Chief AI Officer (formerly JP Morgan/Rebura)
· Paul Sullivan - Chief Technology Officer (SysGroup/Truststream)
· Wendy Baker - General Counsel and Company Secretary (formerly Scapa Group plc)
Heejae Chae, Executive Chair, commented:
"During the past six months, we have assessed the market opportunities and our competitive position. We recognise that most companies today are grappling with how to leverage Artificial Intelligence (AI). Whilst the potential benefits are compelling, it is not clear to many as to what these benefits are and how they can achieve them. Companies are looking for a partner who can help them build a compelling business case for AI as well as help them achieve data maturity in a cost-efficient way as they modernise their existing platform. We believe the most effective way to deliver such a result is to provide an end-to-end data solution including data engineering, networking, storage, analytics and, of course, security.
Leveraging our existing capabilities, we will invest in our operational capability and put the building blocks in place to become the partner of choice in the AI adoption journey. We look forward to expanding further on our strategy when we publish our half year results."
Notice of results
SysGroup expects to publish its half year results for the six-month period ended 30 September 2023 on 27 November 2023. |
Broadly flat trading statement, but forward focus upon AI and news of senior management reorganisation. |
Nice to come back to after a break in the sun! |
Not another small cap Take Over at a massive premium? |
Steaming ahead again today |
Nice 48,778 share buy at 41p at 15:21 (when the offer price was 38p I believe?) - someone's keen.... |
Sense a major announcement coming our way |
Hello gleach, thanks for the info on AQSE
I didn't realise SYS was traded on the AQSE exchange.
I can access the data within a standard trades page by adding '.GB' to the ticker, thus SYS becomes SYS.GB
This is a link...
Is thread author 'cpap man' still around? Can we add this link to the header?
If not, is it time for a new thread? |
Hi bamboo2...your 10k shows up on the AQSE exchange which I have a feeling your subscription doesn't allow you to see.
Thanks for highlighting the 125,773 trade which is timed as yesterday @ 10.35 and equates to £50k worth....interesting. |
Added another 10k, towards the end of the day, but haven't yet found a record of it in today's trade archive.
I was surprised to see a larger trade of 125,773 at 39.75 |
The last market price based chart has a bowl which confirms as valid on eod close above 38.8, target is approx 48 |
That was a delayed trade from when they were 37 offered!
They are 36.5 bid on the RSP
Not many AIM stocks trading at a 2 year high! |
Cheers bamboo2. Steady buying still coming in, notably just now a 39,475 share buy at almost the new full 38p offer price. |
riv, Dummy trades bid .3436 for 30k
None to buy on auto-quote, have to use order. |
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