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SYS Sysgroup Plc

29.00
0.50 (1.75%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sysgroup Plc LSE:SYS London Ordinary Share GB00BYT18182 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 1.75% 29.00 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
28.00 30.00 29.00 29.00 29.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 22.71M -5.9M -0.0711 -4.08 23.64M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 29.00 GBX

Sysgroup (SYS) Latest News

Sysgroup (SYS) Discussions and Chat

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Date Time Title Posts
19/11/202407:33SYS Group - Cloud Hosting & Managed IT Services86
19/11/202407:14SysGroup plc....a potential serious winner in the making?521
05/6/201514:29Technical Index Trading & System 5
21/7/201113:02SYSTEMS1
07/3/201109:59System C Healthcare145

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Sysgroup (SYS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-11-20 14:33:2628.7810,0002,878.00O
2024-11-20 12:21:4428.50181,70551,785.93O
2024-11-20 12:07:2928.7515,0004,312.50O
2024-11-20 11:20:4228.751,500431.25O
2024-11-20 10:32:4228.7540,00011,500.00O

Sysgroup (SYS) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Sysgroup Daily Update
Sysgroup Plc is listed in the Computer Related Svcs, Nec sector of the London Stock Exchange with ticker SYS. The last closing price for Sysgroup was 28.50p.
Sysgroup currently has 82,953,697 shares in issue. The market capitalisation of Sysgroup is £24,056,572.
Sysgroup has a price to earnings ratio (PE ratio) of -4.08.
This morning SYS shares opened at 29p
Posted at 08/11/2024 13:25 by apotheki
Missive from Slater Investments

“The manager points out that historically when small caps as a group trade on under 10 times earnings they have subsequently rallied around 60% over the following two years. This part of the market now trades on a PE (price to earnings) ratio under nine times, says Slater.”
Posted at 21/8/2024 18:43 by bamboo2
21 August 2024

SysGroup plc

Grant of Options and Director/PDMR Dealings

SysGroup plc (AIM:SYS), the technology partner for delivery and management of cloud, data and security services to power Artificial Intelligence ("AI") and Machine Learning ("ML") transformation, announces that on 20 August 2024 the Remuneration Committee of the Board of Directors made share awards over 2,489,846 ordinary shares of £0.01 each under the SysGroup plc Performance Share Plan ("PSP") and 300 conditional share awards under the SysGroup plc Value Creation Plan ("VCP") (together, the "Plans"). These Plans were approved by shareholders at the general meeting on 24 June 2024 and have subsequently been adopted by the Board.

The structure of the Plans is as set out in the announcement made by the Group on 6 June 2024.

Under the VCP, participants will subscribe to conditional share awards, which consist of A ordinary shares of £0.01 each in a wholly owned subsidiary holding company, SysGroup Holding (No 1) Limited (company number 15880286). The subscription price for these shares has been determined based on the Unrestricted Market Value of the shares, as calculated by an independent adviser, for UK tax PAYE best estimate purposes.

Participants in the VCP have also received awards under the PSP which take the form of nil cost options over ordinary shares in the Company, and which vest subject to performance against financial targets over a three year period. The PSP awards will not be exercisable until 26 June 2029, the measurement date of the VCP. If the VCP awards vest, a corresponding reduction will be made to the number of shares that vest under the PSP awards to ensure that participants benefit from only one of the Plans.
Posted at 09/8/2024 08:32 by bamboo2
hastings, more often than not share price returns to placing price!

Could be a tip, could be insider buying.
Good to see share price supported at this level.
Posted at 31/7/2024 06:24 by bamboo2
31 July 2024



SysGroup plc

("SysGroup" or the "Group" or the "Company")
Final results for the year ended 31 March 2024



Well positioned for the future with a strong balance sheet to accelerate growth and innovation



SysGroup plc (AIM:SYS), the technology partner for delivery and management of cloud, data and security services to power Artificial Intelligence ("AI") and Machine Learning ("ML") transformation, today announces its annual audited financial results for the year ended 31 March 2024 ("FY24" or "Period").



Financial Highlights

· Revenue grew 5% to £22.7m (FY23: £21.6m) driven by growth in H2 in cybersecurity

· Recurring revenue as a % of total revenue increased to 76% (FY23: 75%)

· Gross margin declined to 46% (FY23: 50%) due to unmitigated supplier cost increases combined with a change in product mix

· Adjusted EBITDA1 £2.0m (FY23: £3.1m2) driven by substantial investment in people and systems to support our new growth strategy coupled with gross margin decrease

· Statutory loss before tax of £(6.6)m (FY23: £(0.3)m 2) driven in part by £1.8m exceptional costs (FY23: £0.4m) including upgrade of the leadership team, and £3.7m impairment of historic acquisitions (FY23: £nil), as part of the implementation of the new strategy

· Net debt3 of £3.4m (FY23: £1.3m); increase due to payment of Truststream acquisition earn-out and settlement with former CEO



Strategic & Organisational Highlights

· Heejae Chae acquired 14% share interest and was appointed Executive Chairman

· Repositioned as technology partner for Small Medium Businesses ("SMBs") in their AI and digital transformation

· Replaced 11 senior leaders (including CEO and CFO) with 6 new talents

· Recruited an AI team of software engineers with extensive experience in ML and data architecture and a team of cloud experts

· Rebuilding of go-to-market organisation

· Refreshed the Board with seasoned professionals with extensive and relevant experience

· Achieved AWS Select Tier Service Partner status (Level 2)

· Announced a strategic partnership with Softcat to become their designated outsource partner for AI/ML offerings



Post Balance Sheet Highlights

· Raised £11.2m in oversubscribed equity placing to fund an internal transformation project, strengthen the balance sheet to provide for ongoing working capital requirements and liquidity for acquisitions

· Closed the second largest contract in SysGroup's history totalling £2.2m over three years

· Progressed to AWS Advanced Tier Service Partners stratus (Level 3) qualifying for fundings and joint sales and marketing

· Authorised as one of only two UK Zscaler Managed Security Service Partners



1) Adjusted EBITDA is earnings before interest, taxes, depreciation, impairments and amortization of intangible assets, exceptional items, and share based payments

2) Includes prior year adjustment. See accounting policies note within financial statements

3) Net debt represents cash balances less bank loans and leases liabilities



Heejae Chae, Executive Chairman, SysGroup Group, said:

"Over the past year, the Group has completely transformed its strategy, execution and leadership. Since acquiring a 14% share and becoming the Executive Chairman, we have repositioned the Company as the preferred technology partner for Small Medium Businesses in their AI and digital transformation efforts. AI will have a significant impact on businesses and represents a key opportunity for transformation. Our goal is to guide SMBs through the complex AI value chain and support their transformation journey from start to finish.

We raised £11.2 million through an oversubscribed equity raise to accelerate our growth and innovation. We have invested in additional R&D resources, including offshore capabilities in India and Eastern Europe. In order to showcase the impact of AI transformation, we are implementing 31 use cases internally to transform SysGroup to demonstrate the benefits of AI. This will allow us to serve as a live case study of best practices for our customers and achieve significant productivity gain. Additionally, we are actively seeking complementary acquisitions to expand our technical capabilities and customer base.

I am very excited about the Company's potential and future prospects. AI will be the transformational technology of our generation and will continue to gather momentum as the technology improves and benefits are crystallised. As with any innovation, its adoption will not be a straight line and will follow a J-curve. Our mission is to inform and support British SMBs which accounts for 99.2% of total business population in this journey.
Posted at 14/6/2024 10:45 by bamboo2
14 June 2024



SysGroup plc

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

Result of Retail Offer

SysGroup (AIM:SYS), the technology partner for delivery and management of cloud, data and security services to power Artificial Intelligence ("AI") and Machine Learning ("ML") transformation, is pleased to announce that the Retail Offer launched on 7 June 2024 has raised in aggregate £0.3 million through the issuance of 837,157 Retail Offer Shares at a price of 33 pence per share.

Accordingly, the Company has conditionally raised total gross proceeds of approximately £11.3 million in aggregate by way of the Placing, the Subscription and the Retail Offer.

A separate announcement will be made following the General Meeting as to the results of the General Meeting and the total voting rights following Admission.

Admission

Application will be made to the London Stock Exchange for admission of the New Ordinary Shares to trading on AIM ("Admission"). It is expected that, subject to the necessary resolutions being passed at the General Meeting, Admission will become effective and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 26 June 2024.

Admission is conditional, inter alia, upon Admission becoming effective, the Placing Agreement not having been terminated and becoming unconditional, and upon the approval of Shareholders at the Company's forthcoming General Meeting to be held at 1:00 p.m. on 24 June 2024.
Posted at 07/6/2024 10:45 by apotheki
Hybridan Small Cap Feast: 07/06/2024

SysGroup 34.5p £16.9m (SYS.L)

The technology partner for delivery and management of cloud, data and security to power Artificial Intelligence and Machine Learning transformation, announces that further to the announcement at 5:11 p.m. on 6 June 2024, it has successfully conditionally completed and closed the conditional oversubscribed Placing and Subscription to raise gross proceeds of £11m at an issue price of 33p per share. Approximately £2m of the proceeds of the Fundraising is intended to be used to fund an internal transformation project to provide the Group with systems utilising AI driven technologies. This will enable the Company to be a true AI adopter and innovator, acting as a live real case study of best practice to customers. Rather than drawing the Group's existing Bank facility, a further £2m will be used to meet the contingent earnout payment due in August 2024 in relation to the acquisition of Truststream Security Solutions Limited.
Posted at 07/6/2024 06:29 by bamboo2
6 June 2024

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

Proposed Fundraising to raise approximately £10 million

SysGroup (AIM:SYS) the technology partner for delivery and management of cloud, data and security services to power Artificial Intelligence ("AI") and Machine Learning ("ML") transformation, is delighted to announce a proposed fundraising to conditionally raise approximately £10 million (before expenses) at a price of 33 pence per New Ordinary Share from new and existing Shareholders.

KEY HIGHLIGHTS

· Proposed equity fundraising of approximately £10 million, comprising of a conditional Placing and a conditional Subscription, as well as a conditional Retail Offer to raise up to a further £0.5 million

· Placing to be conducted by way of an ABB launching immediately following this Announcement

· Retail Offer to be launched following the close of the ABB on the BookBuild Platform

· Net proceeds of the proposed Fundraise will be used to fund an internal transformation project, strengthen the balance sheet to provide for ongoing working capital requirements as the business continues to drive growth, as well as liquidity for M&A opportunities, whilst ensuring that the Company remains compliant at all times with its obligations under its existing financing arrangements

· Issue Price of 33 pence per Fundraising Share

· Management to provide an investor presentation at 11:00 a.m. on 10 June 2024

· A General Meeting of the Company's Shareholders will take place at 1:00 p.m. on 24 June 2024

· Zeus is acting as Nominated Adviser, Sole Broker and Bookrunner to the Company in connection with the Fundraise



The Issue Price represents a discount of approximately 5.7 per cent. to the Closing Price of 35.0 pence per Ordinary Share on 5 June 2024, being the last practicable date prior to announcement of the Fundraising.

In addition, each of the Directors, the Company Secretary and certain sophisticated investors have indicated an intention to subscribe for New Ordinary Shares as part of the Subscription.

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

7 June 2024

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

Result of Oversubscribed Placing and Subscription

SysGroup (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 that, further to the announcement at 5:11 p.m. on 6 June 2024 (the "Announcement"), it has successfully conditionally completed and closed the conditional oversubscribed Placing and Subscription to raise gross proceeds of £11.0 million.

The Placing has conditionally raised gross proceeds of £8.9 million through the placing of 26,939,427 new Ordinary Shares to certain institutional and other investors. The Subscription has raised a further £2.1 million through the subscription of 6,242,423 new Ordinary Shares by Directors, a PDMR and certain sophisticated investors directly with the Company, in each case at the Issue Price of 33 pence per share.

In addition to the Placing and Subscription, the Company is providing all shareholders with the opportunity to subscribe for an aggregate of up to 1,515,151 Retail Offer Shares at the Issue Price, to raise up to approximately £0.5 million. No part of the Placing or Subscription is conditional on the Retail Offer proceeding or on any minimum take-up on the Retail Offer.
Posted at 07/6/2024 06:25 by apotheki
Result of Oversubscribed Placing and Subscription


SysGroup (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 that, further to the announcement at 5:11 p.m. on 6 June 2024 (the "Announcement"), it has successfully conditionally completed and closed the conditional oversubscribed Placing and Subscription to raise gross proceeds of £11.0 million.


The Placing has conditionally raised gross proceeds of £8.9 million through the placing of 26,939,427 new Ordinary Shares to certain institutional and other investors. The Subscription has raised a further £2.1 million through the subscription of 6,242,423 new Ordinary Shares by Directors, a PDMR and certain sophisticated investors directly with the Company, in each case at the Issue Price of 33 pence per share.


In addition to the Placing and Subscription, the Company is providing all shareholders with the opportunity to subscribe for an aggregate of up to 1,515,151 Retail Offer Shares at the Issue Price, to raise up to approximately £0.5 million. No part of the Placing or Subscription is conditional on the Retail Offer proceeding or on any minimum take-up on the Retail Offer.


The Fundraising is conditional upon, inter alia, the approval by the Shareholders of the Fundraising Resolutions to be proposed at the General Meeting to be held at 1:00 p.m. on Monday 24 June 2024. A circular, containing further details of the Fundraising, Notice of General Meeting, proxy form and Application Form (together the "Circular") will be despatched to Shareholders today and will be available on the Company's website at hxxps://www.sysgroup.com/about-us/investor-relations/.


It is expected that Admission will occur, and that dealings will become effective on or around 8:00 a.m. on Wednesday 26 June 2024. The Placing Shares, the Subscription Shares and the Retail Offer Shares (together, the "Fundraising Shares") will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares, including the right to receive all dividends or other distributions made, paid or declared in respect of such shares.
Posted at 07/6/2024 06:18 by apotheki
Result of Oversubscribed Placing and Subscription



SysGroup (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 that, further to the announcement at 5:11 p.m. on 6 June 2024 (the "Announcement"), it has successfully conditionally completed and closed the conditional oversubscribed Placing and Subscription to raise gross proceeds of £11.0 million.



The Placing has conditionally raised gross proceeds of £8.9 million through the placing of 26,939,427 new Ordinary Shares to certain institutional and other investors. The Subscription has raised a further £2.1 million through the subscription of 6,242,423 new Ordinary Shares by Directors, a PDMR and certain sophisticated investors directly with the Company, in each case at the Issue Price of 33 pence per share.



In addition to the Placing and Subscription, the Company is providing all shareholders with the opportunity to subscribe for an aggregate of up to 1,515,151 Retail Offer Shares at the Issue Price, to raise up to approximately £0.5 million. No part of the Placing or Subscription is conditional on the Retail Offer proceeding or on any minimum take-up on the Retail Offer.



The Fundraising is conditional upon, inter alia, the approval by the Shareholders of the Fundraising Resolutions to be proposed at the General Meeting to be held at 1:00 p.m. on Monday 24 June 2024. A circular, containing further details of the Fundraising, Notice of General Meeting, proxy form and Application Form (together the "Circular") will be despatched to Shareholders today and will be available on the Company's website at hxxps://www.sysgroup.com/about-us/investor-relations/.



It is expected that Admission will occur, and that dealings will become effective on or around 8:00 a.m. on Wednesday 26 June 2024. The Placing Shares, the Subscription Shares and the Retail Offer Shares (together, the "Fundraising Shares") will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares, including the right to receive all dividends or other distributions made, paid or declared in respect of such shares.
Posted at 02/3/2022 17:17 by hedgehog 100
Tiltonboy,

SYS's financial year ends at the end of this month, and we can expect a trading update soon after that year end, in April.

I don't think that it would be good practice for directors to buy in so relatively soon before that, even if it's not an official close period.

Rather, the time to buy would be straight after that update, in a brief window before the two month close period ahead of the final results themselves.

Indeed that was the case two years ago. -

20/04/2020 06:00 UK Regulatory (RNS & others) SysGroup PLC Trading and COVID-19 Update LSE:SYS Sysgroup Plc
" ... The Group's trading for the year is in line with the Board's expectations ..."


21/04/2020 06:00 UK Regulatory (RNS & others) SysGroup PLC Directors Share Purchase LSE:SYS Sysgroup Plc


30/06/2020 06:00 UK Regulatory (RNS & others) SysGroup PLC Final Results LSE:SYS Sysgroup Plc



SYS's first half performance was on course, at which point SYS expressed confidence in its full year outcome.

I think that we would have heard already if there was going to be any dramatic divergence from that.

Moreover, SYS's adjusted annualised eps (earnings per share) based on H1 is 3p per share, so SYS's current share price of just 24p is dirt cheap for a quality, profitable IT services company, in a strong cash position.

22/11/2021 07:00 UK Regulatory (RNS & others) SysGroup PLC Half-year Report LSE:SYS Sysgroup Plc
"... Adjusted EBITDA (1) of GBP1.34m (H1 FY21: GBP1.41m), in line with management's expectations ...
Adjusted basic EPS (3) of 1.5p (H1 FY21: 1.7p) ...
Adam Binks, Chief Executive Officer, commented:
"I am pleased with the performance of the business in light of the ongoing economic uncertainty and the Board is confident in meeting expectations for the full year. We have a strong customer base who rely heavily on the business critical support that we provide and we benefit from very high levels of recurring revenue.
"Throughout the pandemic we have focused on ensuring that our business is optimised to take full advantage once conditions normalise and I am delighted with the progress made. IT infrastructure and support is integral to all businesses and as budget confidence returns we have the right market solutions, the right people to deliver and the right platform to scale rapidly." ..."
Sysgroup share price data is direct from the London Stock Exchange

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