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magazineSciSys bats off Brexit threat
SCISYS (SSY:AIM) 100p
Loss to date: 9.5%
Original entry point: Buy at 110.5p, 6 April 2017
Shares in the IT services and projects supplier went within a whisker of our stop-loss after a press reports suggested Brexit could scupper further European Space Agency (ESA) work. SciSys’ (SSY:AIM) subsequent denial comes as no surprise; management had previously reassured Shares on this issue.
It benefits from strong relationships (it’s a supplier on the ongoing Galileo programme, for example) and its base in Germany, through which it should meet any new EU rules.
We remain confident on the company’s prospects and the stock’s re-rating potential. (SF)
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