System1 Share Discussion Threads

[longshanks] 10/1/2022 17:10

We should get a trading update soon to report on what is historically their busiest trading period.If the recovery is continuing to plan, we could see this breaking GBP 5 on the back of the buy-back rally and could easily be north of GBP 6 by end of January.

[longshanks] 07/1/2022 11:34

Not sure I would describe the business as 'borderline profitable': and cash flow has always been excellent.Clearly, the agreement with Cannacord on the buyback process took longer than anticipated to put in place, but the delay is negligible really.Buybacks totalling GBP 0.75m is less than I was expecting.

[boonkoh] 07/1/2022 11:14

About time the delayed buyback started! Also means trading is going well, otherwise they wouldn't have given the green light?A pity I've now completely sold down my stake, as I'm positioning to not be high multiple growth shares that are borderline profitable atm. And I can't buy back within 30 days for compliance reasons. Had also thought since the share buyback hadn't started in Dec, something was wrong. But that's now been shown as a false assumption on my part...

[p1nkfish] 07/1/2022 07:48

About 1.4% of the company (at current market cap) targetted to be bought back by end of March. Current average volume per day is about 18K shares over past 3 months.

Interesting to watch price response unless there is some larget holder prepared to spool stock out to satisfy the butyback.

[cockerhoop] 05/1/2022 11:05

Stefan Barden was brought in to do a specific job in the transition of the business and as it said in the RNS it was not planned for him to be a permanent executive director.

[boonkoh] 04/1/2022 16:07

If this goes up any further it would be >25% in less than two weeks. Surely company would have to issue a statement whether there is anything share price moving that isn't public yet.The volume today has just been relentless. Loads of trades at the full ask, picking up small quantities all day.

[apad] 04/1/2022 15:04

Looks to me like 'personal circumstances' AdamB. Illness, whatever.
apad

[adamb1978] 04/1/2022 14:57

Odd management change? Relatively recent CEO leaving to become an advisor again and former CEO coming back in?

If anyone speaks to the company, would be good if they could try to get an explanation. THe RNS could have done with more of an explanation why...

[miti 1000] 04/1/2022 10:56

Yep thought as much, np.

[boonkoh] 04/1/2022 10:52

Sorry, my bad. Got confused with another share. GS (Goldman Sachs) definitely not building a stake here. Just lots of private interest today.

[boonkoh] 04/1/2022 10:27

Quite a bit of trading volume already so far today. Don't know if it's the Stocko NAP inclusion, or GS continuing to build their stake. Very bullish they had kept buying at the end of last week despite strongly rising prices.

[p1nkfish] 04/1/2022 09:54

Well, pleased to see. Onwards and GLA.

[boonkoh] 04/1/2022 08:53

Listed=muted

[boonkoh] 04/1/2022 08:53

Indeed. The rise so far has been on listed buying volumes, with more interest this share will pop.Wondering if there's a bit of insider trading going on. The sustained rise has been very strong with trades often at the full bid price. Are SYS1 on the cusp of announcing a profit upgrade...

[topvest] 03/1/2022 14:20

Good to see that this is the NAPS 2022 Stockopedia portfolio. Should possibly push this up tomorrow.

[boonkoh] 23/12/2021 23:47

Wasn't the buyback meant to start in Dec? Only a few more days left ?

[longshanks] 23/12/2021 18:03

Certainly looks very strong. Not sure where the company is going to source the shares for the buy back though: the market liquidity is not helping. Perhaps JK will offload a few that he will in turn reacquire when his options vest.

[boonkoh] 23/12/2021 14:19

Poised for a bit of a breakout to 400p+. The fact that it's risen nicely and consistently this week on low volumes is encouraging.

[boonkoh] 07/12/2021 08:21

Share buybacks starting imminently, now we're in December. Will rocket the share price given the low liquidity here. Expect a few percentage points boost with their first RNS on buybacks.

[boonkoh] 30/11/2021 12:52

Quite a chunk bit of shares traded just now. Highest volume in a while, at 320p.

[cockerhoop] 30/11/2021 10:20

My understanding from a thread on Maynard Patons site is that System1 LLC applied for the System1 trademark in the US but failed (abandoned Apr 2019) and then System1 PLC applied successfully in September 2021.

[boonkoh] 30/11/2021 09:12

Picked up more this morning. Love the illiquidity and lack of interest, as in the past two updates this share barely moved on results day before motoring up double digits in the coming week or two. Looks like the same will happen.

[longshanks] 30/11/2021 08:52

Agreed. System1 LLC own the System1.com domain name which shows some precedence - but equally it could just have been a cybersquatted domain when SYS1 were registering.Either way SYS1 do have registered trademarks so it will come down to what trademarks System1 can claim IMO given that term is not used by any of their umbrella businesses