May 31st 2012 - Edison Investment Research today published a report on SCISYS (SSY.L, LSE:SSY, LON:SSY) entitled "2012 Remains On Track". In summary, the report says:
In a trading statement released in conjunction with its AGM, SciSys reports that H1 trading is proving more buoyant than had been originally budgeted mainly due to some business shifting forward from H2. Also, the order book has continued to rise (from £26.7m in December to £28.8m in March). Nevertheless, we are maintaining our forecasts on the grounds that some work previously budgeted for H2 will slip into 2013. We are also continuing to maintain our forecast adjusted EBIT margin target of 6.7% by 2013, which should, in our view, support a share price of c 92p.
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