Sysgroup Share Discussion Threads

[bamboo2] 27/10/2023 17:51

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

[bamboo2] 23/10/2023 14:26

The last market price based chart has a bowl which confirms as valid on eod close above 38.8, target is approx 48

[tiltonboy] 23/10/2023 10:36

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!

[rivaldo] 23/10/2023 10:28

Cheers bamboo2. Steady buying still coming in, notably just now a 39,475 share buy at almost the new full 38p offer price.

[bamboo2] 20/10/2023 13:41

riv, Dummy trades bid .3436 for 30k
None to buy on auto-quote, have to use order.

[rivaldo] 20/10/2023 13:25

Continuing to edge up on small volumes. Perhaps not much stock around.

[apotheki] 11/10/2023 14:43

My chart suggesting possible further share price rises here tomorrow

[hastings] 11/10/2023 12:23

Nice to see it edging up again.

[bamboo2] 10/10/2023 11:47

My chart suggesting possible news here tomorrow.

[bamboo2] 06/10/2023 09:20

Nice bit of volume so far this morning.

45,500 top price 35

[rivaldo] 05/10/2023 10:22

Certainly not much stock around - ticking up on just a £3k buy.

[tiltonboy] 03/10/2023 14:05

It will be interesting to see what the plan is for the company

[bamboo2] 03/10/2023 13:59

Nothing wrong with a little speculation.

Anyone any ideas?

[tiltonboy] 03/10/2023 10:03

I presume a little mention somewhere

[hastings] 26/9/2023 08:49

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!

[tiltonboy] 26/9/2023 08:11

LIBC didn't last long!

[bamboo2] 26/9/2023 07:06

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.

[bamboo2] 07/8/2023 07:14

£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.

[chrisevo] 30/6/2023 07:10

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.

[apotheki] 27/6/2023 12:00

If the new man can now obtain real scalability both organic as well as by aquisition then agree SYS could be a multi bagger

[hastings] 27/6/2023 10:50

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.

[tiltonboy] 27/6/2023 09:21

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!

[hastings] 27/6/2023 09:14

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!

[rivaldo] 26/6/2023 11:32

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."