Updates

CODA Scisys - Will demerge in September

August 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

CODA Scisys has confirmed its intention to split its CODA (financial software) and Scisys (specialist consulting) businesses into two separate publicly traded companies. The demerger will take place in late September and at the same time it is anticipated that a once off special dividend of 25p will be paid. The demerger comes at a time when both sides are performing strongly although CODA is clearly the more solid business with 50% of revenue derived from repeat maintenance income. CODA, which specialises in finance-based management systems, had been acquired by the group in 2000 and splitting this from Scisys, which supplies consultancy and applied technology to optimise business processes, will provide greater focus for each part. ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Spice Holdings - Forecasts upgraded

Inspace

Coda SciSys - Shares break higher (February 2006)

Coda SciSys (January 2006)

CODA SciSys (October 2005)

Coda SciSys (August 2005)

CODA SciSys - Acquisitions planned in both divisions (July 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X