Sylogist Ltd T.SYZ

PenderFund

[prophetoffactz]

From SEDAR:


"2.1 State the name and address of the eligible institutional investor. PenderFund Capital Management Ltd. (“PenderFund” or "Pender") 1830 – 1066 West Hastings St. Vancouver, BC V6E 3X2 2.2 State the date of the transaction or other occurrence that triggered the requirement to file this report and briefly describe the transaction or other occurrence. During the month of November 2022, PenderFund acquired 992,338 Shares, bringing the total number of Shares over which it exercised control and direction to 3,355,252 Shares, approximately 14.03% of the Issuer’s outstanding Shares"

[Mephistopheles3]

Thanks for that posting mate, I didn't see that one before.  SYZ is actually their largest holding in their small cap fund if you go to their holdings.  Also at the same itme, Seymour Investment Management picked up a couple hundred thousand shares, bringing them to10% ownership as well.  They also had to file a report on SEDAR.  Good news as it shows some institutions

[AlwaysLong683]

I believe Barr looks for companies he believes are takeout candidates and he's been successful in his past efforts in this regard, so Meph has some good company in suspecting the endgame will be a the sale of the company...? Not sure if CSU would be interested as SYZ may not be big enough to move the earnings needle much given CSU's enormous size today. Perhaps the smaller ENGH would be

[Mephistopheles3]

Look at Bill Wood's LinkedIn profile as well.  He has a history of running these companies well for a couple of years and selling them off. Constellation has a good non-profit arm that might be interested later on, but I doubt SYZ is on the radar for them just yet. His personal options are in the $10 range, so this is not a quick sale like CTS, but a long-term position.  I believe