Sysgroup Share Discussion Threads

[hastings] 30/4/2024 12:54

Agreed rivaldo. I believe the Chair and major holder with some good connections could well replicate the success he had at Scapa.

[rivaldo] 30/4/2024 08:47

Encouraging overall in terms of:

- "the second largest contract in SysGroup's history, totalling £2.2m of revenue over three years" won this month (couldn't this have been RNS'd or RNSNON'd separately?)
- the tone of today's RNS which is extremely positive and bullish as regards the potential in AI/ML
- the growth in revenues from £10.96m in H1'23 to £11.74m in H2'23

But H1'23 £1.57m EBITDA compares to £0.43m EBITDA in H2 due to "significant investment in technology and people to support our strategic growth".

The opportunity is huge in SYS's sectors, and SYS look good value on a £14.93m m/cap. Let's hope the investment last year pays off quickly in terms of a return to H1's EBITDA and above (can't see any forecasts from Zeus on Research Tree yet).

[z1co] 30/4/2024 08:36

The £2.3m contract is their 2nd largest ever.

[z1co] 30/4/2024 08:32

Hi mark

Hope you're keeping well.

He stopped harassing me , so i leave him in peace.

And yes clco has always been pile of sh~te with it's huge debt.

Apologies for the off topic.

[markwell] 30/4/2024 08:15

Hey ZICO, you should take a look at your pal beeksy on CLCL this morning.

[z1co] 30/4/2024 08:13

£2.2m contract:

At the end of April, we closed the second largest contract in SysGroup's history, totalling £2.2m of revenue over three years.

[apotheki] 30/4/2024 07:50

Heejae Chae, Executive Chair, commented:

"Our strategy, execution and leadership has been totally transformed over the past nine months since I joined the Group. We have set a strategic vision to become the premier end-to-end data solution provider for small and medium sized businesses ("SMB") embarking on their AI/ML journey. We will provide further details on our strategy and progress in the year-end results announcement in July 2024.

In a short period of time, we have developed new capabilities in AI/ML, data management and cloud which are crucial in today's data driven world. Our progress is recognised by our partners, evidenced by achieving AWS Select Partner Status, approval for Zscaler Global MSSP Program, and working with one of UK's largest Valued Added Reseller to be their Machine Learning Partner of choice. Our customers, more importantly, are embracing our transformation and new capabilities as demonstrated by the double-digit organic growth following years of stagnation.

We believe that we are ideally positioned to participate in the most consequential development in technology. Evidence is becoming indisputable that adoption of AI is no longer an option for businesses. However, the challenge for SMBs to embark on the AI/data journey is significant. Our vision is to be the partner of choice for the UK business in their transformation."

[apotheki] 30/4/2024 07:48

Group Trading Performance

Group revenues increased 5% to £22.7m (FY23: £21.6m), driven by a significant 14% increase in the second half of the year (compared to the same period FY23), which offset a 3% decline in the first half. We continue to maintain the momentum into the new financial year across all our technology offerings. At the end of April, we closed the second largest contract in SysGroup's history, totalling £2.2m of revenue over three years, providing cyber security managed services to a leading challenger bank. Our AI/ML proposition continues to gain traction amongst both new and existing customers, with a growing pipeline of opportunities.

Following significant investment in technology and people to support our strategic growth, the Group expects to report Adjusted EBITDA1 of approximately £2m.

The Group finished the year with a gross cash balance of £1.9m (FY23: £4.2m) and a net debt2 position of £3.4m (FY23: net debt2 of £1.3m), excluding contingent consideration of £1.8m (FY23: £2.7m). Cash balances have been utilised in satisfaction of: (i) £0.9m in the Truststream Year 1 earn-out and (ii) £1.5m in settlement of the former CEO's contractual departure terms including the Company's purchase of 2,076,394 ordinary SysGroup shares (now held in treasury) following the exercise of share options and immediate sale of those shares.

[apotheki] 30/4/2024 07:47

Year End Trading Update

"Total Transformation of Strategy, Execution and Leadership"

SysGroup plc (AIM:SYS), a leading technology partner specialising in the delivery and management of cloud, data and security services to power Artificial Intelligence ("AI") and Machine Learning ("ML") transformation, is pleased to provide a trading update for the year ended 31 March 2024.

[bamboo2] 18/3/2024 07:41

Heejae joining ELM as NED.

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

Elementis plc (ELM.L) (the "Company"), global specialty chemicals company, today announces the appointment of Heejae Chae as a Non-Executive Director with effect from 25 March 2024. Heejae will join the Audit, Nomination and Remuneration Committees.

Heejae is also a Non-Executive Director of IP Group plc, where he chairs the remuneration committee, and the Executive Chairman of Sys Group plc. He served as Chief Executive of Scapa Group plc, a global supplier of products for healthcare and industrial markets, for twelve years, until its sale in 2021. Prior to joining Scapa Group plc, he held roles as Group Chief Executive of Volex Group plc, and was the Group General Manager, Radio Frequency Worldwide, for Amphenol Corporation. Heejae spent the early part of his career in finance at The Blackstone Group and Donaldson Lufkin and Jenrette, before moving into industry.

Heejae holds a Bachelor of Arts in Economics and Bachelor of Science in Engineering from Columbia University, and an MBA from Harvard University.

John O'Higgins, Chair of Elementis, said:

"I am delighted to welcome Heejae to the Board. Heejae has had an outstanding career to date in both executive and non-executive roles and has demonstrated a track record of delivering significant value for shareholders. As such, he will have much to contribute at Elementis as we execute on our ambitious strategic goals."

[bamboo2] 12/3/2024 08:44

eigthwonder, thanks for the info.

Will edit post.

[eigthwonder] 12/3/2024 08:41

He added that number in August last year

[bamboo2] 12/3/2024 08:28

The board changes announced on 6/2/24 took place yesterday.

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).

Updated holdings and changes on post 1.

I note on the co. website that Heejae Chae has added 150,000 taking him over 14%.
There should have been a TR-1.
[Edit, there was a TR-1 7/8/23 HC added 150,000]

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

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 TR-1 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 TR-1 29/2/24 0% SOLD ALL to D Carter

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

Note holdings by Martin Audcent, from RNS dated 26/5/2023
Will he hold or sell?
Recent transactions by the board have been very orderly, therefore I don't think we will see a piecemeal disposal.

"The Remuneration Committee has agreed that the 482,235 unvested options granted to Martin Audcent, the Company's Chief Financial Officer, under the Company's 2020 LTIP Scheme may vest with immediate effect with all restrictions on all his options waived."

[bamboo2] 29/2/2024 15:31

riv, I'm sorry I have created a confusion. Happy to use either.

I did try to contact cpapman the prior thread author, to get the old header updated, but had no reply.

When out of the office, which is most of the time, I like to monitor trades on mobile from time to time using the intraday charts on thread headers. It's a lot easier than getting the trades archive running, and the ADVFN header chart options are one of this website's strengths.

[rivaldo] 29/2/2024 14:19

Bamboo2, you previously said that we should continue using the other thread since it has lots of useful info on it, and that this was just a chart thread for your reference, yet you seem to be using this as your main thread.

Which is it? There's no point in having two threads going at the same time!

[hastings] 29/2/2024 10:54

Sure you are right also a NED at Peel Hunt.

[bamboo2] 29/2/2024 09:25

DC's shares came from the Praetura holding.

Praetura are now out of SYS.

[rivaldo] 29/2/2024 09:15

From today's second RNS it seems Darren Carter essentially took all or almost all of Praetura Group's 3.49% stake from them. Good to see that Praetura are completely out and a potential overhang has been easily cleared:

[bamboo2] 29/2/2024 07:55

Darren Carter increased from 3,552,632 or 7.27% to 5,038,158 or 10.29%

This was the large trade on 27/2/2024

I presume this is the same Darren Carter that is involved with Praetura, whom are also on the register with 1,710,256 or 3.49%

[rivaldo] 29/2/2024 07:14

Darren Carter has been buying in substantial amounts - he's increased to 10.29% (from 7.27%) and now has 5.04m shares:

[hastings] 29/2/2024 07:12

I see Mr Carter had upped his holding!

[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."