Sysgroup Share Discussion Threads

[bamboo2] 18/4/2023 18:35

hastings, Maybe he'll post something here!

1% of shares = 494,196.9, so after today's volume, a few more notifications may appear.

[hastings] 18/4/2023 17:23

Well, I'll take the former Scapa man taking a significant interest as a very positive development!

[hastings] 18/4/2023 14:28

Agree rivaldo, has to be a sale. I believe that either Jupiter or Downing or both have suffered over the last year or so, particularly from redemptions, so I'm far more interested in who is buying at the current price. No doubt all will become clear before too long!

[rivaldo] 18/4/2023 14:16

Another 1m shares have gone through at 27p (must be a sale), so it seems our mystery background buyer remains very keen.

[tiltonboy] 18/4/2023 08:35

Perhaps a different fund then.

[weatherman] 18/4/2023 08:13

Downing LLP sold down its 4.83% declared today to 0.39%, matches with buy 4.83% announced 10 October 2022.

[hastings] 18/4/2023 08:06

I think you can view it both ways and as we know, funds have their own reasons for exits.What is interesting here though is three or is it four selling more or less in tandem.If they've gone to one home it could prove very interesting, particularly with Gresham sitting on more than 28%

[tiltonboy] 18/4/2023 07:47

riv,

I take the opposite view re: buyers v sellers. We know the apparent bull case, but why would three holders look to reduce/sell, especially with two of them being AIM/IHT specialists.

weatherman,

Downing topped-up, but have been a long-term holder, and likely considerably down on cost

TCE,

GBP has rallied sharply recently against the $, although is down from it's peak

[the chairman elect] 18/4/2023 07:33

Interesting weatherman - well if we think that SYS is cheap perhaps certain corporates do as well especially those corporates that benefit from a weaker GBP£ !?!?!

[weatherman] 18/4/2023 07:31

Techinvest in July 2022 (sample online) saw SYS as a takeover target.

[rp19] 18/4/2023 07:23

Plenty more nil cost options for the Execs.

[rivaldo] 18/4/2023 07:23

Even more fascinating - there is absolutely no overhang from those sold shares and apparently big demand for more.

Online you can buy a maximum of a measly 800 shares at 29p - there is just no stock available. Whereas you can sell a whopping 50,000 shares at a premium at 27.8p - an unheard of amount for SYS.

[the chairman elect] 18/4/2023 07:15

Another question - would with the recently weaker GBP£ a North American group be interested in a TAKE OVER of SYS?

[the chairman elect] 18/4/2023 07:08

Why the red tick in POST 404 - it is a very valid question!

[weatherman] 18/4/2023 07:07

Downing bought in last Oct, likely under 20p - so they have a 30%+ increase in 6 months.

[the chairman elect] 18/4/2023 06:50

Potential bidder buying?!?!?

[hastings] 18/4/2023 06:34

Fascinating indeed!

[bamboo2] 18/4/2023 06:34

14/4/23 Helium Rising Stars Fund Cayman Islands -6.87% to 0%

14/4/23 CANACCORD GENUITY GROUP INC 18.4176% to 16.5644% [8,093,302]

6.87 + 1.8532 = 8.7232% notified as sold in TR-1's

======================================================

14/4/23 Downing 4.83% - .39% = 4.44%

8.7232% + 4.44% = 13.1632% [TR-1's]

[rivaldo] 18/4/2023 06:33

Fascinating - so someone has bought at least 10% of SYS given Helium and Downing's sales.

Buyers are always more interesting than sellers, as institutions sell for all sorts of reasons but there's only one reason for buying, and that's to make money.

We await with bated breath :o))

[weatherman] 18/4/2023 06:13

Downing have sold down to 0.39% from 4.83%.

[hastings] 17/4/2023 19:14

It'll be interesting to see who has either added or emerges as new name.

[bamboo2] 17/4/2023 19:10

14/4/23 Helium Rising Stars Fund Cayman Islands -6.87% to 0%

14/4/23 CANACCORD GENUITY GROUP INC 18.4176% to 16.5644% [8,093,302]

6.87 + 1.8532 = 8.7232% notified as sold in TR-1's

[weatherman] 17/4/2023 18:50

Lots of sales recorded in two RNSs, no buys mentioned yet.

[ggrantsu] 17/4/2023 17:59

All very odd the recent RNS's after the volumes traded last week on Friday...any idea what is going on? surely we should be receiving an update on who the new holder is...