Sysgroup Share Discussion Threads

[tiltonboy] 27/11/2023 08:18

I guess it's no longer about the earnings, more about how SYS transforms into an AI/ML company.

How long until the first acquisition!

[apotheki] 27/11/2023 07:20

Heejae Chae, Executive Chair, commented:

"Our strategy aims to position SysGroup as the go-to end-to-end data solution provider for small and medium sized businesses ("SMB") embarking on their AI/ML journey. AI's prominence is undeniable with daily media coverage and increasing demand for AI strategies at the board level of every company. We recognise a significant market gap: while many SMBs are eager to adopt AI/ML, they often lack a clear strategy or implementation path. There is a great demand for a partner to support their development of an AI/ML strategy and transition from the current platform.

We have made significant investments in both technology and people. We have recruited a team of ML engineers from industry leaders such as AWS, JP Morgan, Validus and McLaren. We have significantly strengthened the senior management team to help take us on this journey, bringing together the right skillsets and mindsets. Throughout the organisation, we are reinforcing a culture of customer focus and outstanding service underpinned by innovation, entrepreneurialism and high performance. Whilst we are at the early stage of our journey, I am excited at the potential of what we are building at SysGroup combined with the considerable unexploited market opportunity that lays ahead of us.

Finally, the core business, which has more than 80% recurring revenues provides a very solid base from which we can expand, giving us very good revenue certainty and visibility, albeit that in the short term we may see our overall bottom line performance impacted marginally, reflecting the investment we are making in the Company to drive revenue growth in future financial years."

[apotheki] 27/11/2023 07:18

Results out [1/2 year report]

[bamboo2] 19/11/2023 16:19

Exciting news! We are thrilled to announce that Ross Humphrey has joined SysGroup as our Chief AI Officer. He leads a dynamic team, delivering cutting-edge AI/ML solutions to customers in On-Prem and Cloud environments.

[bamboo2] 16/11/2023 17:52

Apotheki, I started a new thread with more chart options in the header.

The short timeframe charts allow me to monitor the stock more easily from my mobile when at work. Following your request, there is also a longer term, 7 year chart.
I can modify the header to suit any one elses requirements.

Don't feel obliged to move from this thread, as there is a wealth of good posts here.

[bamboo2] 16/11/2023 14:28

2023 new management covered here...

[bamboo2] 16/11/2023 14:28

Very long term.

[bamboo2] 16/11/2023 14:27

SYS Group on twitter


Heejae Chae on Linkedin


Shareholder Martin Flitton


Martin Flitton's blog

[bamboo2] 16/11/2023 14:27

Significant shareholders [16/11/23] and changes.

Significant shareholders Number of shares Percentage holding

Gresham House Asset Management Limited 12,999,563 26.57%

Canaccord Genuity Group Inc 8,093,302 16.53%

Heejae Chae 6,800,000 13.90% RNS TR-1 17/8/23 6,950,000 14.20%

Darren Carter 3,552,632 7.27% RNS 29/2/24 5,038,158 10.29%

Herald Investment Management Limited 3,444,581 7.04%

Praetura Group Limited 1,710,256 3.49% RNS 29/2/24 0% SOLD ALL to D Carter

Directors Number of shares Percentage holding

Heejae Chae 6,950,000 14.20%
Martin Audcent 117,499 0.24%
Mark Quartermaine 76,923 0.16%
Mike Fletcher 77,193 0.16%

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

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."

[bamboo2] 16/11/2023 14:27

SysGroup expects to publish its half year results for the six-month period ended 30 September 2023 on 27 November 2023.



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%] Heejae formerly at SCAPA, also NED at IPGroup [IPO.L] and Elementis plc (ELM.L).
HC subsequently added and now holds 14.2%

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 51,496,084 ordinary shares
1% of shares = 514,960.84
The Company holds 2,561,394 ordinary shares in treasury



In addition to the LSE, SYS also trades on the AQSE...

[apotheki] 04/11/2023 11:10

Thank you for the SYS chart bamboo2 - any chance of a longer term SYS chart at say 5 years or even longer?

[bamboo2] 04/11/2023 10:50

Nice looking chart. Price rising above correctly ordered rising sma's.

[tiltonboy] 02/11/2023 17:35

When was that 44k traded

[apotheki] 01/11/2023 07:45

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.

[weatherman] 01/11/2023 07:15

Broadly flat trading statement, but forward focus upon AI and news of senior management reorganisation.

[hastings] 31/10/2023 16:27

Nice to come back to after a break in the sun!

[apotheki] 31/10/2023 16:05

Not another small cap Take Over at a massive premium?

[apotheki] 31/10/2023 15:33

Steaming ahead again today

[rivaldo] 30/10/2023 22:47

Nice 48,778 share buy at 41p at 15:21 (when the offer price was 38p I believe?) - someone's keen....

[apotheki] 30/10/2023 16:15

Sense a major announcement coming our way

[bamboo2] 30/10/2023 07:37

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?

[gleach23] 27/10/2023 19:35

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.