Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
magazine2018 shaping up nicely for fast growing SciSys
SCISYS (SSY:AIM) 189.5p
Gain to date: 35.8%
Original entry point: Buy at 139.5p, 19 April 2018
This year seems to be shaping up very nicely for bespoke IT systems supplier SciSys (SSY:AIM), yet even after a near 36% rally the share price (since we said to buy) still looks inexpensive.
SciSys is a Chippenham-headquartered provider of project-based IT skills, tools and services to large public sector (the ESD division), broadcast media (M&B) and space industry clients.
The UK’s Ministry of Defence is a big public sector client, while it has worked for years with the BBC and European Space Agency, including on its Galileo and Mars missions.
SciSys’s most recent trading update in June and confirmed ‘impressive start to 2018’, delivering on contracts that formed part of its £100m-plus record opening order book, winning notable new contracts and generating strong cash flow.
SciSys continues to manage Brexit question marks, with various contingency plans in place depending on the ultimate outcome of UK and EU negotiations.
Broker FinnCap has nudged its 2018 forecasts a fraction higher with earnings per share of 12p pencilled in this year instead of the previous 11.7p. Estimates for 2019 stand at 14p, implying a price to earnings multiple of 15.8, drifting down to 13.5.
Half year results are due in mid-September.
Important information:
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
