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SysGroup – from “supplementing our organic growth” & “substantive market opportunity” to a “significantly below” profit warning… in less than a week!

By Steve Moore | Monday 6 November 2017


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Last week SysGroup (SYS) was “pleased to announce” an acquisition (of Rockford IT Ltd), with CEO Chris Evans emphasing it “supplementing our organic growth whilst enhancing our services portfolio and providing cross selling opportunities for products and services… We believe that this acquisition enhances our position to capitalise on the substantive market opportunity available”. Sounds promising – and today a “Trading Update” announcement for the six months ended 30th September…


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