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SYS1 System1 Group Plc

45.00 (6.57%)
12 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
System1 Group Plc LSE:SYS1 London Ordinary Share GB00B1GVQH21 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  45.00 6.57% 730.00 720.00 740.00 755.00 700.00 700.00 82,698 16:12:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coml Econ, Sociolog, Ed Resh 23.41M 404k 0.0319 228.84 86.85M
System1 Group Plc is listed in the Coml Econ, Sociolog, Ed Resh sector of the London Stock Exchange with ticker SYS1. The last closing price for System1 was 685p. Over the last year, System1 shares have traded in a share price range of 160.00p to 755.00p.

System1 currently has 12,678,929 shares in issue. The market capitalisation of System1 is £86.85 million. System1 has a price to earnings ratio (PE ratio) of 228.84.

System1 Share Discussion Threads

Showing 301 to 322 of 425 messages
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
Ebiquity is a good partner going forward. They have a global data pool unmatched by any other in the space. If SYS1 want to get to the heights they suggested a while back EBQ can help. My money is on EBQ getting to $1Bn first if either manage it at all. Operational metrics for this past year have really turned and gaining traction. Together they can offer some interesting capabilities neither could do alone.
Just generally interesting that they are working together.
Burden maintaining his holding looks good.
No idea if he just finished his job or if there's more to it.
The tightly held float and buyback is keeping this up as much as anything else in my opinion.

Yes, well spotted. It doesn't look a particularly big deal for SYS1. See Stefan Barden has now gone. Either job done, cost cutting or falling-out. Any thoughts?
Share price holding up OK with the buy backs.

Sys1 partnered with EBQ.
Thanks for the link Maynard - a very well written summary.
SYSTEM1: Data Services Reaching 43% Of Revenue Supports Long-Term ‘Platform’ Ambitions Although Q4 Consultancy Warning Emphasises Risk Of Transition Mishaps #SYS1

"An influx of new Data clients suggests the partnership with ITV is working"

I think they have burst their balloon. Not just the loss of business but loss of confidence in management's ability to forecast with confidence = increased risk/uncertainty.

Just mho.

The 13 day gap between the previous trading statement and this one is a large part of the difficulty with today's announcement.

The consulting part should be very forecast-able, so this sudden drop suggests either they have a limited/no pipeline of projects such that even if one customer cancels something, they dont have replacement projects which can be brought forwards OR they have a very very large customer and a cancellation by them is too big to be replaced.

I think H2 will now be loss making given H1 PBT was £1.3m and the forecast before today was £1.8m for the year, so now £0,8m for the year in total. So perhaps 6p-7p EPS, which is low but you can look past that given the cash balance and if you feel you have a good view on where next year is heading

The problem now is that the future is very uncertain given the slowig data part in Q3 and now this. Plus the cost base is fatter - this sort of business should be generating say 15%-20% operating margins - if they can get to that then the price now looks cheap, but H1 was 11% and the FY will be around 5% I think

All highly uncertain with SYS1 now I'm afraid (aside from the cash in the bank)

Yet another board making, with hindsight, a strategically wrong buyback decision wasting shareholder funds down the drain buying back shares over the last month at significantly higher prices than current price-

Message communicated they - for some reason - had lost touch with the progress of the sales teams when they took the decision to commence the buyback programme on " 7 January 2022 Share Buyback Programme

System1 Group PLC (AIM: SYS1), the marketing decision-making platform, announces its intention to commence a share buyback programme (the "Buyback Programme"), using the Company's existing cash resources to make market purchases of System1 ordinary shares for an aggregate value of up to GBP0.75 million (the "Maximum Amount") in order to enhance shareholder returns and to satisfy obligations in relation to employee share schemes.

The Company has entered into an agreement with its broker, Canaccord Genuity Limited ("Canaccord Genuity"), to carry out purchases under the Buyback Programme on its behalf on an irrevocable and non-discretionary basis. The Broker will make its trading decisions under the Buyback Programme independently of, and uninfluenced by, the Company. The Company has agreed the Buyback Programme will commence immediately and run to no later than 31 March 2022". .

Very lucky however sale by Kearon in November " that John Kearon, Founder and Executive President of the Company, sold 100,000 ordinary shares ("Shares") at a price of 320 pence each. Following this transaction, Mr. Kearon holds 2,818,235 Shares, representing 21.96 per cent of the issued share capital of the Company.

However only a small percentage of his holding so he is certainly the biggest loser today. If he had suspected (but of course not known of) problems ahead might have sold more. So something seriously gone wrong after his sale decision but reason for slowdown not clear (to me anyway from the rns)

Prominent Shareholders
No. of 1p ordinary shares % of voting rights
John Kearon (Director) 2,818,235 21.85%
University of Notre Dame 1,200,000 9.30%
Inv.AG f. langfr. Invest. TGV 1,020,000 7.91%
Ruffer Investment Mgt 770,000 5.97%
Motley Fool Funds Trust 645,000 4.33%
Ennismore Fund Management 558,012 5.00%
Compagnie Odier SCA 557,476 4.32%
Heritage Capital Management UK 494,342 3.83%

One to watch to see how the sales/contracts/revenue position is improved (imo) before taking action.

All a bit disappointing. Cash position is still good. Data is the future and so there is some risk on the consultancy revenues if they are spending most of their time on the data side. Q3 data announcement was already disappointing, so Q4 equally so. Still optimistic long term. Remember, that they had always warned of significant cost increases this year as 1. they are investing more; and 2. Last year had lots of furlough income. We will no doubt see buy-backs support the price at the £2.50 level. It's actually good news for the company to buy-back the shares 50% off!
Management certainly took eye off the ball.
No excuses for that.

Management must think we're idiots. Clearly something else wrong going on, not just the £1m revenue loss from consultancy.A £1m revenue loss does not directly produce a £1m PBT loss. No business has 100% operational gearing. You can't trust these guys, they are hiding something and not doing a good job at it.Probably costs increase (ie headcount, etc) overran but no good financial controls and realised too late to warn the market. But then conveniently a project loss came along to use as a flimsy excuse.
Implies that H2 will be loss-making right?
Err f/c was 1.8m pretax, so 1m announced so late in the year is rubbish by any standards IMO...

It was easy to see this coming IMO. Directorspeak and all that.

way overdone for 1m less profit no? Almost 20m wiped off mcap.
Not a good update this morning. Consultancy revenues are always lumpy. Data revenue growth in the final quarter is not able to plug the gap. A big drop likely today. Unusual that they were buying back shares so recently, but maybe the projects have only just been cancelled. I suspect they will now opportunistically take up the slack and buy-back shares aggressively, so the shares may recover a bit once that kicks in later on in the day.
Not really gaining any great momentum, revenue wise.

One wonders about similar Ad rating offerings from Kantar and others, will limit ambition here.

Chart looks very positive here.
Got that wrong!!
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.
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.
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...
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older

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