Sysgroup Share Discussion Threads

[rivaldo] 24/4/2023 11:49

Excellent article hastings, cheers. Very useful info on the transfer of shares to our new investor from the sellers.

If Liberum's new forecast for this year is around 3.9p EPS as suggested then it's easy to see a share price of say 47p on a modest multiple of 12.

And with only a small and improving net debt position there could soon be another earnings-enhancing acquisition too.

[hastings] 24/4/2023 10:54

A few more thoughts.https://martinflitton1.wixsite.com/privatepunter/post/sysgroup-sees-new-investor-on-board-24-04-23

[hastings] 19/4/2023 11:09

That's a very big vote of confidence, from a proven player. Question is, will he be a passive investor or be seeking an active role.Guess I'm happy either way!

[rivaldo] 19/4/2023 11:06

Yep, confirmation that he did indeed buy that 1m shares going through yesterday - he now has 6.8m shares worth £2.1m here.

Quite a vote of confidence:

[weatherman] 19/4/2023 10:40

13.92% now for Mr Chae

[rivaldo] 19/4/2023 07:46

Out last night so just seen the news - intriguing! Here's his CV - 12 years as CEO of Scapa and 4 years as CEO at Volex. Plus he started out as an analyst, so he knows his onions re investing in companies.

I'm guessing he's around 52 or so now, so definitely young enough to still be looking for opportunities, though whether his motives here are simply investment-based or whether he wants to get hands-on remain to be seen:

[the chairman elect] 19/4/2023 07:40

Means a lot come from one of the stars of Dragons Den!

[peterjones2023] 19/4/2023 07:36

looks to be good value

[hastings] 18/4/2023 20:23

Yes, my apologies, get the drift and I think you are right.

[bamboo2] 18/4/2023 20:18

hastings, we saw another 1m trade today, so he could be adding more? Sorry not to be clear.

[weatherman] 18/4/2023 20:11

NED at IP group, recent Exec Director at Scapa group Plc

[hastings] 18/4/2023 19:45

Sorry bamboo2 I'm lost, he's got 11.87%? Quite a statement!

[bamboo2] 18/4/2023 19:35

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 18:23

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

[hastings] 18/4/2023 15:28

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 15:16

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 09:35

Perhaps a different fund then.

[weatherman] 18/4/2023 09:13

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 09:06

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 08:47

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 08:33

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 08:31

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

[rp19] 18/4/2023 08:23

Plenty more nil cost options for the Execs.

[rivaldo] 18/4/2023 08:23

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 08:15

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