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Share Price Information for Sysgroup (SYS)
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Share Price:
35.00
Bid:
34.00
Ask:
36.00
Change:
0.00 (0.00%)
Spread:
2.00 (5.882%)
Open:
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Thu, 03rd Mar 2011 22:06
US-based McKesson Corporation is making a recommended offer of 70p a share in cash for healthcare IT provider System C Healthcare.The shares were trading at 46.5p prior to the announcement of bid talks. The bid values AIM-quoted System C at £87m. System C has net cash of £15.7m. Shareholders on the register on 25 February will still receive the interim dividend of 0.25p a share. McKesson already has acceptances totalling 33.3% of the System C share capital. System C joined AIM in June 2005 at a placing price of 54p a share, which valued the company at £47.7m. McKesson is a US IT business that has been involved in the healthcare IT sector in the UK since 1999. It is valued at more than $20bn and has annual revenues of $108.7m. As well as IT it distributes drugs and other healthcare products. The combined business will be able to provide a wide range of software and services to the NHS and private healthcare operations. The release of NHS trusts from central procurement of IT will provide opportunities to for the combined group to gain market share.The development of new software and declining revenues from older products pushed System C into loss into the six months to November 2010. That is why management believes that the longer-term prospects of the business will be enhanced as part of a more financially strong company.
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7 Jun 2024 13:04
IN BRIEF: SysGroup raises GBP11 milllion through placing, subscription
SysGroup PLC - Liverpool, England-based IT services, cybersecurity, and cloud hosting provider - Raises GBP11.0 million via oversubscribed placing and subscription at 33 pence per share. Originally intended to raise GBP10.0 million. Says placing has raised GBP8.9 million and the subscription has raised GBP2.1 million. In addition, SysGroup plans to launch a GBP0.5 million retail offer.
Read more6 Jun 2024 19:55
IN BRIEF: SysGroup plans to raise GBP10.5 million to support growth
SysGroup PLC - Liverpool, England-based IT services, cybersecurity, and cloud hosting provider - Plans to raise GBP10 million via placing and subscription at 33 pence per share. Also plans GBP0.5 million retail offer at same price. Proceeds will be used to fund an internal transformation project, strengthen the balance sheet to provide for ongoing working capital requirements as the business continues to drive growth, as well as liquidity for M&A opportunities, whilst ensuring that the Company remains compliant at all times with its obligations under its existing financing arrangements.
Read more29 May 2024 12:18
SysGroup inks machine learning-focused partnership with Softcat
(Alliance News) - SysGroup PLC on Wednesday announced a strategic partnership with Softcat PLC, which it said would solidify its position as one its fellow London listing's machine learning partners.
Read more30 Apr 2024 14:26
SysGroup sees revenue rise on strong second half but earnings fall
(Alliance News) - SysGroup PLC on Tuesday said revenue increased in its financial year, driven by a strong second half, although it expects earnings to fall.
Read more30 Apr 2024 11:33
SysGroup FY revenues grow on strong H2 performance
(Sharecast News) - Data solutions business SysGroup said on Tuesday that revenues had grown in the second half, offsetting a modest H1 decline.
Read more6 Feb 2024 14:08
SysGroup shares jump on new CFO appointment and revenue growth
(Alliance News) - SysGroup PLC on Tuesday appointed a new chief financial officer, alongside reporting double-digit revenue growth in its third quarter.
Read more27 Nov 2023 14:29
EARNINGS AND TRADING: SysGroup loss widens, Ajax interim loss narrows
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more1 Nov 2023 14:22
SysGroup revenue falls despite steady trading
(Sharecast News) - Managed IT services provider SysGroup reported a steady first-half trading performance in an update on Wednesday, with notable growth in high-value managed IT services revenue.
Read more1 Nov 2023 11:45
IN BRIEF: SysGroup expects interim revenue drop; shares plunge
SysGroup PLC - Liverpool-based IT services, cybersecurity, and cloud hosting provider - Reports steady performance for the first half of the year ending March 31, but expects to report a revenue drop of 2.7% to GBP11.0 million from GBP11.3 million in the corresponding half a year ago. Adjusted earnings before interest, tax, depreciation and amortisation is expected to be 5.9% lower at GBP1.6 million from GBP1.7 million a year prior. Appoints Heinrich Koorts of Softcat PLC as chief revenue officer.
Read more26 Jun 2023 12:38
SysGroup reports annual revenue boost following acquisitions
(Alliance News) - SysGroup PLC reported on Monday a sharp rise in annual revenue following two significant acquisitions last year, and affirmed its optimism for the year ahead.
Read more26 May 2023 09:32
IN BRIEF: SysGroup names former Volex head as exec chair; CEO to leave
SysGroup PLC - Liverpool-based IT services and cloud-hosting provider - Says Chief Executive Officer Adam Binks will step down following publication of annual results on June 26. He will remain as a consultant for six months "to ensure the orderly and smooth transition of his responsibilities." Also on June 26, Heejae Chae will join as executive chair and "take day-to-day responsibility" for running SysGroup. Chae was previously CEO of Scapa Group PLC and Volex PLC, and is chair of the remuneration committee at IP Group PLC. Following Chae's appointment, current Non-Executive Chair Michael Edelson will step down to become a non-executive director. Edelson plans to retire following next annual general meeting in September.
Read more17 Apr 2023 21:31
DIRECTOR DEALINGS: Frasers Founder Mike Ashley ups stake
(Alliance News) - The following is a round-up of director dealings by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more17 Apr 2023 11:42
SysGroup FY results seen in line with expectations
(Sharecast News) - Technology solutions provider SysGroup said on Monday that a "strong performance" had left it with full-year results that were in line with expectations.
Read more17 Apr 2023 11:34
IN BRIEF: SysGroup shares up as annual revenue set to increase
SysGroup PLC - Liverpool-based IT services and cloud-hosting provider - Expects trading for the financial year that ended on March 31 to be in line with expectations. Revenue is expected to grow 47% to GBP21.6 million from GBP14.7 million the year before. Says the growth in revenue was achieved through a combination of "6% organic growth supplemented by the successful acquisitions of Truststream and Orchard". Adjusted earnings before interest, tax, depreciation and amortisation is expected to be GBP3.3 million, up 18% from GBP2.8 million.
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