Sysgroup Share Discussion Threads

[bamboo2] 23/2/2024 08:21

Added another intraday chart to header that will include trades on AQSE, if any!

[bamboo2] 12/2/2024 20:18

Appeared on twitter today...

The difference between Zero Trust and VPNs? Better protection for your business
Zero Trust Network Access (ZTNA), also known as the software-defined perimeter (SDP), is a set of technologies and functionalities that enable secure access to internal applications for remote users.

It operates on an adaptive trust model, where trust is never implicit, and access is granted on a need-to-know, least-privileged basis defined by granular policies. ZTNA gives remote users seamless, secure connectivity to private applications without ever placing them on the network or exposing apps to the internet.

[hastings] 06/2/2024 08:41

Overdue reversal of the recent trend, but still looking potentially very cheap.The main man has completely cleared the decks here and looks set to replicate what he achieved at Scapa, (imo)

[apotheki] 06/2/2024 07:45

Heejae Chae, Executive Chairman of SysGroup, commented,

"We continue to strengthen the senior management team with individuals with invaluable experience and expertise from industry leading companies. Owen joined Matillion in 2018 at its start-up phase with 60 employees. Matillion is a global tech unicorn with over 500 employees around the world.
His wealth of experience in helping Matillion with its growth and maturity will be invaluable in our journey.

I would like to take this opportunity to express our appreciation to Martin for his valuable contribution since 2018 and extend our best wishes for his future endeavours."

[rivaldo] 06/2/2024 07:24

Good to see the trading update confirms strong Q3 trading, with double digit revenue growth, a new £500k contract and an inaugural AI/Machine Learning contract with a drug discovery company.

[bamboo2] 06/2/2024 07:08

6 February 2024



SysGroup plc



("SysGroup", the "Company", or the "Group")



Board Changes, Progress Update and Change of Registered Office





SysGroup plc (AIM:SYS), the technology partner for delivery and management of cloud, data and security to power Artificial Intelligence ("AI") and Machine Learning ("ML") transformation, announces a change to its Board of Directors, provides a progress update and notification of change of Registered Office.

Board Change - Chief Financial Officer

The Board is delighted to announce the appointment of Owen Phillips as the Chief Financial Officer and as a director of the Company. After five years' service, Martin Audcent has decided to step down from his role as Chief Financial Officer and member of the Board to pursue other interests. These changes will take effect on 11 March 2024 and Martin will continue to support the business until 30 June 2024 to ensure a smooth transition.



Owen currently serves as a Director in the finance function at Matillion Limited. Headquartered in Manchester, the company is a leading provider of cloud data integration tools and one of only a handful of Manchester tech unicorns, with a valuation of $1.5 billion at the last funding round. Previously, Owen held various financial management positions in the data/tech sector as well as working in professional practice at Grant Thornton UK LLP.



Progress Update



The Company has performed well during the third quarter with double digit revenue growth versus comparable period last year. We continue to build strong revenue pipeline as the new sales organisation is embedded. The AI/ML offerings are gaining momentum with a pipeline of opportunities with both new and existing customers. We have already signed our inaugural AI/ML engagement to support a drug discovery company on their AI data journey. We have also recently concluded a three-year agreement valued at over £500,000 to deliver a market-leading security solution to a public sector organisation via G-Cloud Framework. The full value of the contract will be recognised in the fourth quarter.



Closing of Liverpool Office and Change of Registered Office



The Company's Liverpool office will be closing at the end of February when its lease expires, and with effect from 1 March 2024 the Company's Registered Office will be 55 Spring Gardens, Manchester M2 2BY.



Heejae Chae, Executive Chairman of SysGroup, commented,



"We continue to strengthen the senior management team with individuals with invaluable experience and expertise from industry leading companies. Owen joined Matillion in 2018 at its start-up phase with 60 employees. Matillion is a global tech unicorn with over 500 employees around the world.
His wealth of experience in helping Matillion with its growth and maturity will be invaluable in our journey.



I would like to take this opportunity to express our appreciation to Martin for his valuable contribution since 2018 and extend our best wishes for his future endeavours."







In accordance with Schedule 2(g) of the AIM rules, Owen Rhodri Phillips (aged 43) has not held any directorships in the last 5 years.

Owen holds no shares in the Company.



There is no further information on Owen required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.



Following the appointment of Owen Phillips and the resignation of Martin Audcent, the Board will comprise Heejae Chae (Executive Chairman); Owen Phillips (Chief Financial Officer); and Mike Fletcher, Mark Reilly and Paul Edwards (Non-Executive Directors).

[bamboo2] 18/1/2024 08:05

Added a few.

[bamboo2] 10/1/2024 17:36

tb, It's pretty obvious that changes at the top will have left a number of ex-management holding shares, which are likely to be sold in a tax efficient manner.

Price has now hit the top of the recent support zone, so may well find some traction. My chart shows a possible turn date today/tomorrow, but these apex based turns are not especially reliable in low volume environments.

[tiltonboy] 10/1/2024 15:38

Not certain what is more mystifying, the steep rise to 44 or the re-tracement back to 30.

Proper Grand old Duke of York!

[tiltonboy] 18/12/2023 14:16

Look to be heading back to 30 again

[bamboo2] 13/12/2023 20:36

Clearout of the old continues.

12 December 2023

SysGroup plc

("SysGroup", the "Company", or the "Group")

Board Changes

SysGroup plc (AIM:SYS), a managed service provider of end-to-end data solutions focused on Artificial Intelligence and Machine Learning, is pleased to announce the appointment of Mark Reilly as Non-Executive Director, effective immediately. In addition, after more than a six-year tenure, Mark Quartermaine, Non-Executive Director, will step down from the Board with immediate effect.

Mark Reilly is currently Managing Partner, Technology at IP Group plc. Mark was previously a non-executive director at Actual Experience plc and Mirriad Advertising plc. He has overseen more than 200 private and public company venture transactions and has over a decade of experience sitting on technology company boards. He was a board member of Wave Optics when it was sold to Snap Inc for over $500m and led the first investments into several of the UK's most exciting Deep tech start-ups. Mark holds a PhD in Engineering from Cambridge University.

Heejae Chae, Executive Chairman commented:

"We are delighted to welcome Mark Reilly to the Board as a Non-Executive Director. Mark's extensive background as an investor in deep and emerging technologies aligns seamlessly with our new strategic direction to become the go-to end-to-end data solution provider for companies embarking on their Artificial Intelligence ("AI") journey. His insights and experience in nurturing innovative tech ventures, particularly in AI and related fields, will be invaluable as we explore and integrate advanced AI solutions into our services. The Board is confident that Mark's unique perspective on technology investment and his hands-on experience with cutting-edge technologies will significantly contribute and accelerate our vision of becoming a leader in AI-driven IT services."

"On behalf of the Board, I would like to express its appreciation to Mark Quartermaine for his dedicated service and contribution to the Board and the Company over the past six years."

In accordance with Schedule 2(g) of the AIM rules, Mark Reilly (aged 44) holds or has held in the past five years the following directorships:

Current Directorships

No current directorships

Previous Directorships held during the last five years

Actual Experience Plc

Mirriad Advertising Plc

Mark holds no shares in the Company.

There is no further information on Mark required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Following the appointment of Mark Reilly and resignation of Mark Quartermaine today, the Board comprises Heejae Chae (Executive Chairman); Martin Audcent (Chief Financial Officer); and Mike Fletcher, Paul Edwards and Mark Reilly (Non-Executive Directors).

[bamboo2] 27/11/2023 08:28

Closed period due to half-year has ended now so unless other news waiting in the wings, management team etc are free to buy shares.

[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

Copy of header
================

Next corporate event: Final Results for the period ended 31 March 2024 on 31 July 2024.



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%] formerly at SCAPA, + NED at IPGroup[IPO.L ]& Elementis plc[ELM.L]
HC subsequently added and now holds 14.2%
After placing 7/6/24 HC is diluted and now holds 7,707,575 or 9.30%

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 85,515,091 ordinary shares
1% of shares = 855,150.91
The Company holds 2,561,394 ordinary shares in treasury



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


Keep tabs on new strategic trading partner Softcat


Andrew Hermsen, Softcat plc's Chief Technologist - Data, AI & Automation commented

"We are pleased to announce our strategic partnership with SysGroup, which represents a significant step forward in addressing the evolving needs of our customers in the dynamic and rapidly growing machine learning market. This collaboration leverages the unique strengths of both companies, combining SysGroup's innovative AI and ML solutions with Softcat's deep expertise in the IT market. Together, we are poised to deliver unparalleled value, helping our clients harness the transformative potential of machine learning to drive business growth and innovation. As the opportunities in this space continue to expand, we are committed to providing cutting-edge solutions that empower our customers to stay ahead of the curve."

Heejae Chae, SysGroup's Executive Chairman commented

"We are thrilled to have achieved 'Preferred Partner' status with Softcat plc, marking a significant milestone in our journey to become a leading force in the AI and ML markets. This partnership not only validates our innovative approach to AI and ML solutions but also opens up new possibilities for us to deliver exceptional value to our clients. By combining our strengths with Softcat's industry-leading expertise, we can offer comprehensive and cutting-edge solutions that drive efficiency and innovation for our customers. We look forward to the tremendous opportunities this collaboration will bring and are excited about the positive impact it will have on our clients' success."
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[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. [Pp = Post placing 7/6/24]

Significant shareholders Number of shares Percentage holding

Gresham House Asset Management Limited 12,999,563 26.57% Pp 21,815,963 26.30%

Canaccord Genuity Group Inc 8,093,302 16.53% Pp 9,453,302 11.40%

Heejae Chae 6,800,000 13.90% RNS TR-1 17/8/23 6,950,000 14.20% Pp 7,707,575 9.30%

Darren Carter 3,552,632 7.27% RNS 29/2/24 5,038,158 10.29% Pp 5,788,158 6.98%

Herald Investment Management Limited 3,444,581 7.04% Pp 4,194,581 5.06%

[New 7/6/24] NR [Nat Rothschild] Holdings Limited 3,000,000 3.62%

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

Directors Number of shares Percentage holding Pp 7/6/24

Heejae Chae 6,950,000 14.20% Heejae Chae Pp 7,707,575 9.30%
Martin Audcent 117,499 0.24% [No longer a director as of 11/3/24]
Mark Quartermaine 76,923 0.16% [No longer a director as of 12/12/23]
Mike Fletcher 77,193 0.16% Mike Fletcher 122,647 0.10%

Owen Phillips 60,606 0.10%
Paul Edwards 151,515 0.20%
Mark Reilly 45,454 0.10%
Davin Cushman 303,030 0.40%


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

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 2024 on 3 December 2024.



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%] formerly at SCAPA, + NED at IPGroup[IPO.L ]& Elementis plc[ELM.L]
HC subsequently added and now holds 14.2%
After placing 7/6/24 HC is diluted and now holds 7,707,575 or 9.30%

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 85,515,091 ordinary shares
1% of shares = 855,150.91
The Company holds 2,561,394 ordinary shares in treasury




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


Keep tabs on new strategic trading partner Softcat


Andrew Hermsen, Softcat plc's Chief Technologist - Data, AI & Automation commented

"We are pleased to announce our strategic partnership with SysGroup, which represents a significant step forward in addressing the evolving needs of our customers in the dynamic and rapidly growing machine learning market. This collaboration leverages the unique strengths of both companies, combining SysGroup's innovative AI and ML solutions with Softcat's deep expertise in the IT market. Together, we are poised to deliver unparalleled value, helping our clients harness the transformative potential of machine learning to drive business growth and innovation. As the opportunities in this space continue to expand, we are committed to providing cutting-edge solutions that empower our customers to stay ahead of the curve."

Heejae Chae, SysGroup's Executive Chairman commented

"We are thrilled to have achieved 'Preferred Partner' status with Softcat plc, marking a significant milestone in our journey to become a leading force in the AI and ML markets. This partnership not only validates our innovative approach to AI and ML solutions but also opens up new possibilities for us to deliver exceptional value to our clients. By combining our strengths with Softcat's industry-leading expertise, we can offer comprehensive and cutting-edge solutions that drive efficiency and innovation for our customers. We look forward to the tremendous opportunities this collaboration will bring and are excited about the positive impact it will have on our clients' success."
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