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System1 Group – argues “commercial promise”… but currently delivers “materially below the current market expectation”…

2020-02-06 11:40:27

Previously writing on marketing services group System1 (SYS1), in November I concluded its stated upside potential is still very much to be proven and the shares only on the watchlist. Today “Trading Update and Planned Share Buyback”…

System1 (#SYS1) – warns “trading in Q4 to date has been disappointing” but intends “up to £1.5m” share buyback program in Spring

2020-02-06 07:36:52

System1 Group – interims, what of the service “at the heart of the increased new product development programme”?

2019-11-07 11:39:26

Previously writing on marketing services group System1 (SYS1), last month I concluded not great at marketing itself to investors or a continuation of the trend which saw only £3k of revenue generated by AdRatings in the company’s last year despite launching before Christmas? It now looks to be a case of waiting for the half-year results statement scheduled for 7th November and thus, still currently, on the watchlist. So, what of the half-year results?...

System1 Group – half-year trading update… but how’s the outlook (including for “the heart of the increased new product development programme”)?

2019-10-14 13:49:29

Marketing services group whose last results statement included “our pioneering application of Behavioural Science to predicting which ads will create the greatest long-term growth and profitability”, System1 (SYS1) has updated including “normalised H1 pre-tax profits… are expected to be some £2.4m, approximately 24% higher than in the comparable period”. Sounds good…

System1 (#SYS1) – H1 gross profit c. +7% (+4% at constant currency), net cash £4.1m

2019-10-14 07:22:24

System1 Group – full-year trading update, share price recovery imminent?

2019-04-15 11:30:38

Previously writing on marketing services group System1 (SYS1) in November with the shares just under 200p, I concluded amidst a clearly continuing challenging trading environment… I’ll monitor with interest, but re. the shares currently continue to avoid. Now a year ended 31st March 2019 trading update…

System1 Group – interims emphasise growth & Ad Ratings ‘excitement’, but is material recovery really imminent?

2018-11-02 15:50:54

Marketing services group System1 (SYS1) has announced results for its half year ended 30th September 2018 including emphasising “26% growth in diluted earnings per share to 5.3p” and “we are excited about our new Ad Ratings service”. The shares have currently responded circa 8% higher, but a still sub 200p share price compares to almost 400p early in 2018…

System1 Group – ‘underlying H1 pre-tax profit expected to be some 73% above prior year’, so why the lack of share price response?

2018-10-15 10:25:44

Marketing services group System1 (SYS1) has updated including “underlying H1 pre-tax profits, pre-Ad Ratings and share based payments, are expected to be around £1.9m, some 73% above the £1.1m achieved in H1 2017/18”. Having decreased steadily to around 200p, why are the shares not now though responding positively?...

System1 (#SYS1) – H1 gross profit “stabilizing, albeit at a slower rate than we anticipated”

2018-10-15 06:23:20

System1 Group – ‘a return to profit growth’… or not?

2018-09-10 10:15:22

Marketing services group System1 (SYS1) has updated including that “a return to growth in operating profits vs H1 prior year… is anticipated”. Already down from more than 1000p reached last year, the shares have though currently responded slightly further lower to 230p. Hmmm…

System1 (#SYS1) – revenues “stabilising, albeit at a slower rate than anticipated”, lower operating costs

2018-09-10 06:31:26

System1 Group – admits FY results “disappointing”, but “potential to build a much larger and more stable business”?

2018-06-01 05:00:26

Market research and marketing group System1 (SYS1) has announced results from an admitted “disappointing” year ended 31st March 2018, but considers it now has “a more competitive and scalable offer, with the potential to build a much larger and more stable business over the years to come”…

System1 Group – trading “has been disappointing”, so why are the shares higher?

2018-04-18 07:20:36

A trading update from marketing services group, System1 (SYS1) including noting trading during year ended 31st March 2018 “has been disappointing”. The shares are though currently approaching 7% higher, at 320p…

System1 (#SYS1) – 2017/18 disappointment; expects PBT of “£1.6m to £2.0m”

2018-04-17 23:23:42

System1 Group – following “very disappointing” interims, what now in a ‘Trading Update’?

2018-01-08 04:37:50

Previously writing on marketing services group System1 (SYS1) in October I concluded that the circa 400p share price looked to not reflect the trading risks and to continue to avoid. Today a Trading Update announcement…

System1 (#SYS1) – “Q3 trading continued to be worse than anticipated”, now expects FY “little over break-even”

2018-01-08 00:48:40

System1 Group – further down following recent interims, where now for the shares?

2017-10-31 01:23:00

Last writing on marketing services group System1 (SYS1), the former BrainJuicer Group, I concluded with the shares at 530p that I’d currently continue to avoid. Following recent results for the six months ended 30th September 2017, the shares are presently further lower, towards 400p…

System1 Group – trading update, more lack of visibility concern?

2017-10-16 07:25:32

Previously writing on the former BrainJuicer Group, now System1 Group (SYS1), in August I noted the lack of a Benjamin Graham ‘margin of safety’ biting as the shares slid to 635p and that I continued to avoid. The shares are currently at 530p on the back of a further trading update…

System1 (#SYS1) – following H1 “slower than expected”, remains cautious on prospects for remainder of year

2017-10-15 23:14:43

System1 Group – “Trading Update” sees lack of a Benjamin Graham ‘margin of safety’ bite

2017-08-18 02:35:55

Previously writing on System1 Group (SYS1), then named BrainJuicer Group, as the shares slid below 700p I concluded there still, despite self-admitted “limited revenue visibility”, a clear lack of a Benjamin Graham ‘margin of safety’ (”for absorbing the effect of miscalculations or worse than average luck” e.g. an earnings miss or negative change in stock market sentiment) and I thus continued to avoid. The shares have though recently been above 800p… until a “Trading Update” announcement today…