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Bullboard - Stock Discussion Forum Sylogist Ltd T.SYZ

Alternate Symbol(s):  SYZLF

Sylogist Ltd. is a Canada-based software company, which at provides mission-critical software-as-a-service (SaaS) solutions to over two thousand public sector customers globally across the government, nonprofit, and education segments. The Company’s segments include SylogistMission, SylogistEd, SylogistGov, and SylogistSolutions. SylogistMission segment provides mission-critical, modularized... see more

Bullboard (TSX:SYZ)

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Comment by NLMooseon Nov 15, 2022 1:13pm

RE:RE:RE:RE:RE:Target $12...it only makes sense to cut or eliminate divy

Buybacks are not wise for Sylogist as the Trudeau Government will soon impose a "2% Buyback Tax" starting January 1, 2024.
Comment by lotus1on Nov 15, 2022 12:57pm

RE:RE:Talk About Being Punished For Doing The Right Thing

Looks lik that !! Why would company spend funds for NCIB buyback, if they are saving funds to use for Growth Initiatives/Capital Allocation strategy.
Comment by Lawyerupon Nov 15, 2022 12:54pm

RE:RE:RE:RE:Target $12...it only makes sense to cut or eliminate divy

Dividend is not eliminated it is reduced to 1 cent per share which anytime a company does this the stock takes a hit.  Probably a wise move on the part of management because the buybacks will be ...more  
Comment by lotus1on Nov 15, 2022 12:40pm

RE:RE:RE:Target $12...it only makes sense to cut or eliminate divy

It seems like that !! Lot of investors in Sylogist tolerated the price decline for past many years simply for the sake of consistent dividends. With dividend eliminated, management will have a ...more  
Post by NLMooseon Nov 15, 2022 12:37pm

Talk About Being Punished For Doing The Right Thing

Normally, when companies plan to consolidate or purchase their own stock, the share price usually goes higher as the number of outstanding shares decline and concentrated. However, for some strange ...more  
Comment by NLMooseon Nov 15, 2022 12:32pm

RE:RE:Target $12...it only makes sense to cut or eliminate divy

If Sylogist gets rid of dividends, the share price will be substantially lower as investors will lose an incentive to invest in that company.
Comment by lotus1on Nov 15, 2022 12:29pm

RE:Target $12...it only makes sense to cut or eliminate divy

Not sure, if price targets have alreday been updated by analysts, post Results/CC ! Acumen, Laurentian and Cormark were on the CC. Someone, please post when avaailable.
Post by 88guy88on Nov 15, 2022 12:07pm

Target $12...it only makes sense to cut or eliminate divy

this money is better served by growth in the company and the company knows it has more value with the buy back starting in a couple of days for buying back up to 10% of the company shares and ...more  
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  • Possibleidiot01X
Comment by Possibleidiot01on Nov 15, 2022 7:12am

RE:RE:Div down 92%

Possibly , the company has fixed a problem for an investor for me by drastically cutting the dividend. I never understood how what was considered a growth company could not retain those earnings to ...more  
Comment by lotus1on Nov 14, 2022 9:33pm

RE:RE:RE:the call

The Company will host a conference call at 9:00 AM Eastern Time on November 15, 2022. Bill Wood, Sylogist's President and Chief Executive Officer, and Xavier Shorter, Sylogist's Chief ...more  
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  • zrobertsonX
Post by zrobertsonon Nov 14, 2022 6:39pm

Div down 92%

As Navajojoe said was imminent and anyone that did more than look at Yahoo Finance would have known needed to happen for years, quarterly dividend is now $.01 down from $.125.
Comment by Aarman4on Nov 01, 2022 4:13pm

RE:RE:the call

Is there a link anywhere to this conference call? Cheers!
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  • snootchybootchyX
Post by snootchybootchyon Oct 31, 2022 3:54pm

I'm in

Been watching this for awhile and finally took the plunge and took a full position today. I think the dividend is safe. Willing to collect my 8.4% dividend until tech stocks and small cap stocks ...more  
Comment by NLMooseon Sep 20, 2022 11:31am

RE:RE:the call

I don't think Sylogist will get rid of their dividend as the company is still making a large profit in spite the low share price. Get rid of the divident, and they'll hurt the stock even ...more