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SYS1 System1 Group Plc

720.00
0.00 (0.00%)
Last Updated: 08:00:00
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
  0.00 0.00% 720.00 710.00 730.00 720.00 720.00 720.00 947 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coml Econ, Sociolog, Ed Resh 23.41M 404k 0.0319 225.71 91.29M
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 720p. Over the last year, System1 shares have traded in a share price range of 170.00p to 755.00p.

System1 currently has 12,678,929 shares in issue. The market capitalisation of System1 is £91.29 million. System1 has a price to earnings ratio (PE ratio) of 225.71.

System1 Share Discussion Threads

Showing 351 to 375 of 425 messages
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
DateSubjectAuthorDiscuss
17/4/2023
10:40
SYSTEM1 UPDATE: Following SYS1's RNS on 13 April, Stefan Barden has provided the following statement for publication on my blog:



Maynard

tmfmayn
13/4/2023
08:08
Well done Maynard. They may have ignored you at the AGM, but they really know who you are now!
longshanks
13/4/2023
07:32
The soap opera continues.......doesn't seem like the most polished management change attempt to me but what do I know. I hope it fails. With the trading update surely shareholders can't be sacking off the 21% share holding founder at this point? Imagine the pressure on the share price of he leaves alongside other key staff. Would surely undermine the whole thing.
hydrus
12/4/2023
14:33
True APAD. Could be smoke and mirrors I guess. Revenue increase looks decent though.
hydrus
12/4/2023
13:58
Mmmm, Hydrus.
A 'mandate' is an authority to do something.
So, can they sign up big spenders to spend very little with a mandate?
😊
apad

apad
12/4/2023
13:52
Rainbows, bluebirds and unicorns I'd say ;)Definitely an interesting point in SYS1 development but sustainability of growth is of course the key question. If they sign some more big spenders in this quarter then you may review your exit decision? Alternatively your exit position might be a bit tidier.
hydrus
12/4/2023
13:47
Can't fault that perspective, Hydrus.
So, when the existing management win on the 21st. there will be another share price jump and the future will be rainbows and bluebirds?
apad

apad
12/4/2023
13:41
Agreed APAD. I imagine the proposed changes though are dead in the water now. The fact they have signed 3/21 too advertising spenders and are profitable then a chunk of the main reasons for change have been dismissed. Would likely be foolish from shareholders to back a completely different approach that means the 21% share holding founder is booted out. 'The improved revenue performance in H2 is expected to bring a return to profitability at adjusted and statutory levels for H2 and also for the year as a whole, based on the unaudited management accounts, and the Board now anticipates that profit for the year ended 31 March 2023 will slightly exceed its previous expectations.'
hydrus
12/4/2023
12:51
Indeed Hydrus, they will have spent days polishing every number they can find.
It is a trading update, so one has to be carefull 😊
I don't want to be part of the issue and its outcome, it's just a question of when to bail out for me.

"Oh, you need timin'
A-ticka, ticka, ticka, good timin'
A-tocka, tocka, tocka, tocka
Timin' is the thing"

I tend to ask myself questions such as 'would I prefer to be in SYS1 or CLX'.
Anyroadup, interesting times.

apad

apad
12/4/2023
12:40
To be fair to the existing leadership I have to be fair and say these results are encouraging. Presumably this is also ammo to encourage shareholders to reject the new plan/leadership?
hydrus
09/4/2023
12:18
Probably sensible APAD. Still plenty of other opportunities out there in small cap world.
hydrus
09/4/2023
12:10
I suspect the 'sell it on' is vote catching strategy, Hydrus. Pretty meaningless predicting that future.
Fortunately I haven't got a lot, so I think I can find better places to be, rather than waiting twiddling my thumbs. Even though it is cheap on a revenue measure.
apad

apad
09/4/2023
12:02
A strategy to plump it up and then sell up to someone else never works. The strategy should be to create a sustainable, growing company. If someone then happens to wants to buy it because it's so great then well that's a bonus. All sounds a bit desperate to me.
hydrus
09/4/2023
11:14
Good digging Maynard. A bigger separation than I had seen. I hope your article will contribute to Barden's prospects of success.

If management win the vote they will be glued to proving their current approach. Although they seem to be 'true believers' anyway. So, perhaps 'more glued'.

I have been wondering if there is a synergy between d4t4's 'data validity' platforms and the Barden ambition to return SYS1 to its basics. Although a revitalise SYS1 might simply be a customer. Mmmm. Maybe not.

Strategy?
Wait for a Barden success and sell on the rise because it always takes longer and costs more to do this sort of stuff than the market likes? And he will clear out ALL the skeletons in July!
Or.
Wait for a Barden loss and sell instantly, or after the inevitable share price drop and slow recovery?

apad

apad
08/4/2023
23:51
Me again. Spoken to Stefan Barden about his proposed board changes and possibly discovered 'the fundamental flaw at the heart of the company'!

The sales approach based on advert creativity is all wrong.

If the proposed board changes are voted through, Mr Barden will refocus the sales approach back to selling better/faster/cheaper marketing data. He also plans a £100m-plus trade-sale exit within the next few years. Long-ish blog post below!

SYSTEM1: Proposed Board Changes Still Have My Support After Stefan Barden Explains Data-Platform Sales Focus, 5-Bagger Exit Ambition And ‘Now Or Never’ Vote Decision #SYS1

tmfmayn
15/3/2023
16:02
TMFMayn,

I have been wondering about the semi-automation of the process of assessing adverts.
It could be that it is an experience/skill based process that is not amenable to algorithmic emulation. Good idea, but boring, tick box techniques don't cut the mustard.
Your analysis is nothing short of stunning, but there might be a fundamental flaw at the heart of the company 😊

apad

apad
15/3/2023
15:47
Hi Maynard,

Thanks for your post. I was quite angry at the Chair's dismissive treatment at the AGM of your attempts to engage in serious discussion. He struck me as typical of many chairs, who tend to be alpha males with a penchant for the sound of their voice and a limited ability to listen. I will message you directly as we met some years ago through a mutual friend. Good to hear that the current shareholders are not the typical nodding fund managers, who typically are scared to speak out.

velocytongo
12/3/2023
12:01
A (very long!) blog post below. Would be very interested to hear of reasons why the proposed board changes should not go ahead.

SYSTEM1: Proposed Board Changes Have My Support After H1 2023 Cash Outflow Of £2m, Underwhelming Strategic Review And Frustrating Management Q&A #SYS1

"Fresh executive leadership seems needed to maximise SYS1's 'superb, proven suite of products' and re-establish worthwhile levels of profit. I support the proposed board changes and continue to hold."





Seems to me Stefan Barden as former board adviser and CEO knows the real potential of SYS1's products. He helped drive through the transition to Data services, backed that up by buying 6% of the company, then left John K to follow through... and then it all fell apart. Pretty sure Mr Barden is also the architect of SYS1's £1billion market-cap ambition revealed the other year, which is why he is going to all the trouble of the requisition to (finally!) get SYS1 to create proper value for shareholders.

tmfmayn
12/3/2023
11:48
Hi VelocyTongo

I think they can count, as the AGM last year saw 3.3 million votes (26%) against the re-election of certain non-execs and suggested some shareholders were already unhappy. The strategic review then promised to assess the board's composition, but the (poor) H1 results simply revealed John K moving to the States to generate extra sales, and the COO becoming CEO.

Among the top 8 institutional shareholders, two are German and two are American, who may not follow City protocol when casting their votes. The rationale for the requisition seems clear to me -- despite good products that have been validated by partnerships with ITV and LinkedIn, SYS1 has underperformed over time, is currently losing money and fresh leadership is required to fully exploit the group's products for shareholders.

Maynard

tmfmayn
10/3/2023
11:07
Very interesting. I hope they can count because John Kearon has 22% of the shares and if he votes against them, they will have their work cut out. Moreover, UK institutions rarely vote against the incumbents. I'd also like to see the reasons for the requisition notice.
velocytongo
07/3/2023
07:42
Oh dear. Trouble at t'mill.Interesting to see two such prominent previous employees seeking such significant board changes.
longshanks
28/2/2023
15:03
This looks like it's completing the transition to a data business, just as YouGov did 10-12 years. The key for You was a US acquisition that has hugely driven growth and led to the share price rising from 37p to 1000p. With so many so short form internet adds coming out the whole time (as opposed to just testing TV adverts) the market is getting bigger the whole time.
velocytongo
30/11/2022
20:41
Unfortunately, the data business is eating the consultancy business and so they are replacing the previously profitable consulting work with loss making data revenue. Whilst the data business is interesting, volumes need to increase much faster than they currently are. It all looks a bit of a mess.
topvest
30/11/2022
12:29
So the strategic review is kicked down the road to 28 Feb Capital Market Day.
Also, it seems to have gotten more vague - quite an achievement.

One of my mantras is that rapidly growing revenue in a small cap gives the management options about where to introduce change. Stagnation in revenue is a pair of handcuffs.

Yours looks to have been a good decision, longshanks.

apad

apad
30/11/2022
11:46
Doing an AI project with Warwick Uni doesn't inspire confidence.
apad

apad
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