Sysgroup Share Price (SYS)

Odd that the share price has dropped over the past few weeks if Darren Carter bought 3% of the company on the open market...?

But the second RNS today shows Praetura Group have sold out of their 3.5% holding. Darren Carter is most likely the same Darren Carter that is a NED of Peel Hunt and Praetura Group, so it's likely that DC picked up 3% of Praetura's holding.

The other c0.5% were probably either sold to someone who doesn't have to disclose their holding of on the open market.

33p is still is a good bet for the risk-reward on offer here.

Darren Carter has been buying in substantial amounts - he's increased to 10.29% (from 7.27%) and now has 5.04m shares:

Https://uk.advfn.com/stock-market/london/sysgroup-SYS/share-news/SysGroup-PLC-Holdings-in-Company/93384596

Good to see today's trading update confirms strong Q3 trading, with double digit revenue growth, a new £500k contract and an inaugural AI/Machine Learning contract with a drug discovery company:

Https://uk.advfn.com/stock-market/london/sysgroup-SYS/share-news/SysGroup-PLC-Board-Change-Update-Change-of-Registered-Office/93211894

AI (artificial intelligence) should be a key IT driver in 2024, so IT companies should highlight their exposure to this.

"The Year Ahead: Human Capital Management Industry’s Projected Outlook Remains Bright

Spotlight Growth - Thu Dec 28, 2023

... Chief Human Resource Officers (CHROs) are stating their plans for 2024 to include continued development of employee experience, as well as investment in AI ...

Lastly, the survey points to an increased priority to utilize technologies, such as AI, to help automate more HR processes and functions. 61% of CHROs surveyed said they are investing in AI to streamline HR. ...

Asure Software Stands To Benefit From These CHRO Priorities

Asure Software (NASDAQ: ASUR) is one such cloud-based human capital management service provider that stands to see continued benefits from overall growth in the industry. Throughout 2023, Asure has launched several new products and services specifically aimed at helping small and medium-sized businesses (SMBs) cut costs by streamlining operations, as well as improving employee retention and recruitment.

In partnership with companies like H&R Block (NYSE: HRB), Intuit (NASDAQ: INTU), Amazon’s (NASDAQ: AMZN) AWS, ZayZoon, Harbor Compliance, Lendio, and more, Asure has worked to deliver its SMB clients with a wide range of services across payroll & compliance, employee taxation, employee benefits & 401k, remote worker compliance & services, on-demand earned wage access, treasury compliance services, access to funding service providers and more.

During Asure’s recently-announced third-quarter financial results, the HCM provider reported a 34% y/y boost in revenues to $29.4 million. The company also beat its bottom-line estimates with an adjusted EBITDA of $6.2 million, which represented an improvement of $4.4 million in the third quarter of 2022. ..."

HTTP://www.theglobeandmail.com/investing/markets/stocks/AMZN-Q/pressreleases/22999650/the-year-ahead-human-capital-management-industrys-projected-outlook-remains-bright/

Asure Software (NASDAQ: ASUR), which is singled out in the above article, is one of the impressive range of software partners of Grosvenor Technology - which is a subsidiary of AIM-listed Newmark Security (NWT) - and both GT & NWT have AI articles on their websites:-

"The power of AI in workforce management: unlocking productivity and efficiency

... Grosvenor partners with a range of leading software channel partners who integrate their software – and all of the AI you’ll need – onto our devices. ..."

https://newmarksecurity.com/insights/the-power-of-ai-in-workforce-management-unlocking-productivity-and-efficiency/

https://www.grosvenortechnology.com/insights/the-power-of-ai-in-workforce-management-unlocking-productivity-and-efficiency/

I nipped over to their website after seeing the AI mention in the RNS. I couldn't see any significant mention of it which conflicts with with the RNS content, at least for me as a potential new researching investor. It might be useful to make a bigger deal of it publicly if they want to steer potential customers in the direction of their latest stated aims.