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http://www.investegate.co.uk/Article.aspx?id=201205310700094682E
http://www.edisoninvestmentresearch.co.uk/researchreports/scisys310512update.pdf
08 December 2011 SCISYS PLC ("SciSys" or the "Company") SciSys Space Division sees substantial extensions to order book SciSys PLC (stock code: SSY), the specialist supplier of bespoke software systems, IT based solutions and support services is pleased to provide an update on a number of recent contract wins by its Space Division. The SciSys Space Division* (the "Division") is a leading supplier of spacecraft ground software systems and onboard software to the European Space Agency ("ESA") and many other customers worldwide. In the period since 30 September 2011 (the "Period"), the Division has been awarded contracts worth in excess of EUR12M in aggregate on projects for European Space Agency and European Commission programmes. Further details on the individual contracts In November the Division was selected by Thales Alenia Space France (Toulouse) as the element prime contractor for the Galileo** Network Monitoring Facility ("GNMF"). The recently signed contract has a value of EUR 1.6 million and will be based at SciSys' German office in Bochum. The purpose of the GNMF is to manage the Galileo mission data dissemination networks. Features include collection and aggregation of monitor and control (M&C) data, reception and processing of performance data as well as the configuration control for distributed equipment being installed worldwide in the Galileo data dissemination networks. Earlier in the Period, contracts valued at over EUR6M were awarded to the Bochum team for Galileo ground segment systems to perform asset management, monitoring & control and archiving for the Galileo Ground Mission Segment and the Galileo Ground Control Segment (GCC). Additionally a separate contract worth over EUR2M was awarded to the SciSys team in Bristol for the Galileo spacecraft mission planning and operations preparation systems. These contracts are to maintain and evolve the Galileo systems for the Full Operational Constellation (FOC) phase 1 of the Galileo programme. The systems are currently being used to support operations for the first two Galileo spacecraft, which were successfully launched at the end of October 2011. The evolutions will extend the systems to support the FOC constellation and operations from several control centres in particular from the GCC sites in Fucino (Italy) and Oberpfaffenhofen (Germany). Building on the win of the GFC-8 frame contract at the European Space Operations Centre last year, the SciSys team at Chippenham has recently started work on a project worth EUR1.6M excluding options to develop the Sentinel-2 and Sentinel-3 earth observation spacecraft operations simulators. These simulators are essential tools for the validation of the ground systems, operations preparation and the training of the mission operations team. The operational simulators are procured as part of the EC's Global Monitoring for Environment & Security (
The results read well
Commenting on the results, Mike Love, Executive Chairman of SciSys plc said: "Like most companies in the ICT sector, SciSys faced some major challenges in 2010 caused by the spending reviews undertaken by UK government and the more difficult wider economic environment. I am pleased to report that overall the business performed ahead of our expectations in the second half of the year notwithstanding the uncertain and difficult market conditions."
Operational Highlights: · Key contracts won in 2010 with Capgemini, ERTU, Polish Institute of Meteorology and Water Management (IMWM), Irish EPA, European Space Agency (GFC8 framework- ESOC), Cable & Wireless Worldwide and French Space Agency (CNES). · Support contract renewals and enhancement work across a wide range of customers including The National Archives, Transport for London, EDF Energy, Parliamentary ICT and Cable & Wireless Worldwide. · ISO270001 (Information Security Management) was achieved.
Financial Highlights: · Revenue up by 5% to £43.6m (2009: £41.7m); · Adjusted operating profit up by 24% to £2.1m (2009: £1.7m) before amortisation of intangible assets, share based payments and exceptional charges; · Operating profit £1.7m (2009: £0.6m); · Basic earnings per share 3.4p (2009: 1.2p); · Net cash position as at 31 December 2010 of £4.9m (2009: £2.4m). · Annual dividend increased to 1.1p (2009: 1.0p)
Chairman Mike Love commented "SciSys is delighted to be working on this strategically important programme for the Environment Agency. Delivering these enhancements to the Environment Agency's Permitting solution builds on the work that has been undertaken for the Environment Agency over a number of years in helping them to develop solutions to meet their Better Regulation objectives. This contract further strengthens the Environment Division's position as a leading provider in the regulation solutions market."
SciSys to provide Enhancements to Environment Agency Integrated Regulation Solution SciSys plc (AIM: SSY), the specialist supplier of bespoke software systems, IT based solutions and support services is pleased to announce that it has been awarded a work package with the Environment Agency for the consolidation and completion of existing work packages as well as the delivery of enhancements to the Environment Agency's Permitting solution. It is expected that the value of the work package during the analysis, design, development and implementation phases will be circa £1.75m over a 15 month period. The enhancements will improve the Environment Agency's effectiveness as a regulator, provide a better service to those they regulate and the public and reduce their costs. This investment will improve both the Environment Agency's permitting process and their use of information to support their overall objective of creating a better environment for now and the future. This work package further strengthens the relationship between the two organisations and builds on the work that the Environment Division has been undertaking for the Environment Agency over several years in the domain of Environmental Regulation.
LONDON (Dow Jones)--SciSys Plc (SSY.LN), a the supplier of bespoke software systems, IT based solutions and support services, announced Thursday that its Space Division has has been awarded a Frame Contractor or FCO position under the European Space Operations Center's or ESOC ground systems software frame (outsource) contract from the European Space Agency. MAIN FACTS: -The initial duration of the award is for three years with a possible extension of two years. -Selected as one of only four FCO suppliers, SciSys is the only U.K. space software company to have been awarded "Prime Contractor" status under the frame contract. -This status allows the company to tender for work on future satellite mission data systems, infrastructure software and support activities. -The total value of work indicated in the invitation to tender to be let through the frame contracts is projected to be in the region of EUR20 million per annum and is expected to include opportunities on a wide range of space missions and infrastructure developments including: *Ground Segment Infrastructure User Support (GSIUS) *Sentinel-1 Mission Control System *Simulators for the Sentinel-1, -2 and -3 missions *Mission Control Systems for METOP-B and MSG-3 *Support work for Galileo L-CSIM and L-SCCF * Earthcare and Bepi-Colombo MCS or Simulators -The frame contract requires SciSys to work with subcontractors across Europe, chosen from an ESA selected list of Qualified Partners. -The start date of the Frame Contracts is scheduled for April 1, 2010. -Thereafter, the ESA will start issuing Requests for Proposals for new activities falling under the scope of the Frame Contracts. -By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com (END) Dow Jones Newswires February 11, 2010 02:50 ET (07:50 GMT)
http://www.investegate.co.uk/Article.aspx?id=200905150700112897S
at 42. some very positive sentiment here. Makes a change investing in a share that shows a steady rise, rather than the 'big-dipper' ones in my portfolio!
Company has said that the results will "comfortably meet market expectations". Extremely positive hence the rise today. As results are due to be announced on 26 Mar 09 then this may well be a buying opportunity. I hold these shares so DYOR. As always good luck to fellow investors. Regards - M
Hi Guys, I'd appreciate your judgement on this share. The SP dropped yesterday on the basis of delayed contracts that will affect profit for the year. However the company itself looks to be in a really interesting sector and has some strong clients. Just wondering if they will bounce back in time...