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. |
Continuing to edge up on small volumes. Perhaps not much stock around. |
My chart suggesting possible further share price rises here tomorrow |
Nice to see it edging up again. |
My chart suggesting possible news here tomorrow. |
Nice bit of volume so far this morning.
45,500 top price 35 |
Certainly not much stock around - ticking up on just a £3k buy. |
It will be interesting to see what the plan is for the company |
Nothing wrong with a little speculation.
Anyone any ideas? |
I presume a little mention somewhere |
They never even got to deliver an initiation note! Obviously the new man has his own plans and direction and another ex Scapa appointment to the board is interesting! |
LIBC didn't last long! |
 26 September 2023
SysGroup plc
("SysGroup", the "Company", or the "Group")
Board Changes and Change of Adviser
SysGroup plc (AIM:SYS), a leading provider of managed IT services, cyber security and cloud hosting, announces a change to its Board of Directors, together with a change of Adviser.
Board Changes
The Board is delighted to announce the appointment of Paul Edwards as Non-Executive Director, effective immediately.
Paul is currently Chief Financial Officer of Tatton Asset Management plc and has previously been Group Finance Director of a number of quoted companies including Scapa Group plc (Scapa) and NCC Group plc (NCC). He has also held a number of other senior finance roles in a broad range of listed and private companies.
Heejae Chae, Executive Chairman commented:
"We are delighted to welcome Paul Edwards to the Board as a non-executive director. His previous experience at Scapa provides him with a valuable understanding of driving growth and profitability, having delivered significant growth in shareholder value through a buy and build strategy. Paul was also part of the buyout management team and initial CFO following the IPO of NCC, the UK leader in Cyber Security, giving him a deep understanding of the challenges and opportunities facing our industry.
The Board believes Paul's skills and experience will further strengthen and enhance its ability and support the Company in achieving its strategic goals."
In accordance with Schedule 2(g) of the AIM rules, Paul Edwards (aged 56) holds or has held in the past five years the following directorships:
Current Directorships
Tatton Asset Management plc
Paradigm Investment Management LLP
Sinfonia Asset Management Limited
Tatton Crown Investments Limited
Tatton Onshore Tax Strategies Limited
Tatton Investment Management Limited
Tatton Oak Limited
Paradigm IFA Company Limited
Tatton Capital Group Limited
Paradigm Partners Limited
Nadal NewCo Limited
Tatton Capital Limited
Amber IFA Co Limited
Previous Directorships held during the last five years
Amber Financial Investments Limited
Paul holds no shares in the Company.
There is no further information on Paul required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
Following the appointment of Paul Edwards today and the retirement of Michael Edelson at the recent AGM, the Board comprises Heejae Chae (Executive Chairman); Martin Audcent (Chief Financial Officer); and Mike Fletcher, Mark Quartermaine and Paul Edwards (Non-Executive Directors).
Change of Adviser
The Group has appointed Zeus Capital Limited as Nominated Adviser and Sole Broker with immediate effect. |
£42750
7 August 2023
SysGroup plc
("SysGroup" or the "Group")
Director / PDMR dealing
SysGroup plc (AIM:SYS), the multi award-winning managed IT services, cyber security and cloud hosting provider, announces that Heejae Chae, Executive Chairman, on 4 August 2023 acquired 150,000 ordinary Shares in the Group at a price of 28.5p. As a result, Heejae Chae is interested in 14.2% of the Group. |
In my opinion there has been an opportunity missed by the incoming Chairman, post appointment he could have announced his strategy. He's had long enough to come up with one and has bought in for a reason.
Thats one missing piece, the other is a CEO highly experienced in the sector has gone, with that position now vacant and the new Exec Chair I assume performing that role but with no prior experience of the sector.
Its a steep learning curve and the question is how much value leakage is there going to be from a ruderless ship until it finds land? (or is rescued)
He's not going to get a placing away without significant dilution for us retail holders. He's going to have a lot on his plate with the steep learning curve. Or maybe he's just bought his shares on margin with the intention of flipping it at a premium? Who knows. I'm out. |
If the new man can now obtain real scalability both organic as well as by aquisition then agree SYS could be a multi bagger |
Well they've got Liberum on board, I'm told that won't change. Secondly, given how the new man transformed Scapa I'm pretty upbeat. Sys has already navigated a tough climate well enough, so we could see a really good return in the medium-longer term. |
I'm looking forward to seeing what the new man can bring. It's not easy out there at the moment for smaller companies....but perhaps that brings opportunity. I just hope they find a broker that looks after them! |
No initiation note yet from Liberum as they will be meeting with the new man regarding strategy etc. I'm also in the process of getting something set up with him in due course.Potentially exciting times at Sys, as it moves on to the next chapter! |
Indeed, and there's also the deferred acquisition consideration to pay over the next couple of years (assuming Truststream achieves its EBITDA targets). But these are minor considerations set against the good progress the business has made and appears to be continuing.
Nice summary on Techmarketview this morning:
"Monday 26 June 2023
SysGroup CEO departs on a positive note
sysgroupFollowing a rather painful FY22 where revenue was impacted by the pandemic, SysGroup has turned in a good set of FY23 results. The top line leapt 47% to £21.6m with adjust EBITDA up from £2.82m to £3.33m.
Managed Services were c.80% of revenue but accounted for a reduced share of the total with the resale stream more than doubling to £4.2m. This change in mix has pushed down the gross margin.
The revenue line was buoyed significantly by acquisitions made in the first half – that of Truststream Security Solutions Ltd and Orchard Computer Ltd. The former provides professional and managed cyber security services, with clients in both the private and public sectors. Orchard is a managed services provider and brings a diverse client base. Acquisitions aside, organic growth was a reasonable 6%.
Last month, CEO Adam Binks announced he would step down following the release of the full year results. He has been at the helm for nine years, taking revenue from c.£8m to more than £20m. Heejae Chae joins the Board as Executive Chairman and will take day-to-day responsibility for the running of the Company.
FY23 saw SysGroup put some growth foundations in place with the acquisitions, and the first two months of the new year have been “in line with the Board’s expectations”. FY24 therefore represents something of a new chapter in more ways than one." |
Need to factor in a tax charge for next year! |
Good news. Much credit to SYS for achieving 6% organic growth when many sector comparators have been performing so badly.
The historic P/E is only 8.7, and the current year has started well. Cash flow from operations was up 23% to £3.02m, and net debt is fine at £1.32m - I'd hope for further acquisitions now the last two have been successfully bedded in.
Recurring revenues remain at an extremely high 81%, and the new major shareholder Heejae Chae will want to drive things along now he's Chairman. |
Results out and adj EPS at 3.9p ahead of previous guidance. Current year has commenced in-line with expectations. Hopefully Liberum will have the initiation note out today. |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
