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SYS Sysgroup Plc

34.00
0.00 (0.00%)
26 Jul 2024 - Closed
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
  0.00 0.00% 34.00 112,774 08:00:00
Bid Price Offer Price High Price Low Price Open Price
33.00 35.00 34.00 34.00 34.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 21.65M -7k -0.0001 - 16.64M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:51:45 O 50,000 34.685 GBX

Sysgroup (SYS) Latest News

Sysgroup (SYS) Discussions and Chat

Sysgroup Forums and Chat

Date Time Title Posts
24/7/202407:08SYS Group - Cloud Hosting & Managed IT Services68
28/6/202411:26SysGroup plc....a potential serious winner in the making?518
05/6/201515:29Technical Index Trading & System 5
21/7/201114:02SYSTEMS1
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
2024-07-26 10:51:4534.6950,00017,342.50O
2024-07-26 09:50:3834.6925,0008,671.25O
2024-07-26 09:48:5534.6025,0008,650.00O
2024-07-26 08:40:3933.302,774923.74O
2024-07-26 07:00:3133.5510,0003,355.00O

Sysgroup (SYS) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 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 34p.
Sysgroup currently has 48,934,690 shares in issue. The market capitalisation of Sysgroup is £16,637,795.
Sysgroup has a price to earnings ratio (PE ratio) of -3400.00.
This morning SYS shares opened at 34p
Posted at 28/6/2024 07:59 by rivaldo
Nice - Nat Rothschild has taken a 3.62% stake in SYS through his vehicle NR Holdings Ltd, buying 3m shares:
Posted at 14/6/2024 11:45 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 11:45 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 07:29 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 07:25 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 07:18 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 10/5/2024 15:16 by beckaroo
The only negative I found in the recent trading update was this. Does anyone know why the old CEO got a £1.5 million pay off when he told the company he wanted to leave? 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.
Posted at 30/4/2024 08:47 by rivaldo
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).
Posted at 30/4/2024 07:48 by apotheki
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.
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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