Corero Network Security Share Discussion Threads

[damanko] 28/5/2013 16:21

In addition, to Corero Network Security plc's security focused business, we have managed our business in such a way that it has lost significant monies for private shareholders over many years, whilst enhancing the bank account balance of a host of executives. As a company we like to keep everyone 'on message', and welcome with open arms any private shareholder who has not undertaken (definitely) due, and (most definitely) diligence.

Dress code: Wallet & cheque book

REGISTER NOW

[tradervic] 28/5/2013 10:49

Andrew Miller, COO and Executive Director to present in London on 17th June

The Innovation & Growth Investor Evening will showcase up to 4 leading innovative and imaginative growth companies bringing them together in one room for one evening only!

• Presentations from Directors of leading edge growth companies about their latest plans
• Opportunity for you to talk face to face with the companies attending
• Networking drinks/canapés - your chance talk to other attendees - private investors, wealth managers, private client brokers, fund managers and financial institutions



Attendance is FREE, but places are strictly limited, so register now!

Supported by: The London Stock Exchange

Date: Monday 17th June 2013

Venue: Novotel Tower Bridge, 10 Pepys Street, London EC3N 2NR

Evening timings:

18:00 - 18:30 Registration and coffee
18:30 - 20:30 Presentations
20:30 - 21:30 Drinks reception and canapés

Companies presenting include:

Inland Homes (INL)

Inland Homes is a dynamic developer of urban regeneration projects around southern England. Predominantly specialising in brownfield developments, our highly experienced team can provide solutions to a variety of difficult and sensitive land situations.
Inland Homes successfully navigates the complex planning system, applying meticulous attention to detail throughout the design process whilst utilising our close working relationships with local authorities. Our ability to identify and control sites has resulted in our track record in the development of brownfield opportunities to be second to none.

Speaker: Stephen Wicks, Chief Executive Officer.
________________________________________
Corero Network Security (CNS)

Corero Network Security plc's mission is to be a leading network security systems company delivering solutions to address the challenges organizations face in protecting their IT systems and networks and on-line assets from the threats of cyber crime.

Corero Network Security plc's strategy is to acquire IT network security businesses or assets to develop a comprehensive suite of IT and network security products, encompassing hardware, software and subscription based services, to address the network security challenges encountered by mid-market and enterprise organisations as well as telecommunication service providers.

In March 2011, Corero Network Security plc acquired Top Layer which now trades as Corero Network Security.

In addition, to Corero Network Security plc's security focused business, Corero Business Systems serves the business and education sector in the UK by delivering powerful, dynamic modular accounting and business management software and services.

Speaker: Andrew Miller, COO and Executive Director
________________________________________

Dress code: business attire

[romeo] 25/4/2013 00:51

Well, hope springs eternal - nice to hear news of new customer wins.

1 quid by Christmas?

[marben100] 19/3/2013 17:47

Comment from the EGM:

The full EGM report is available on ShareSoc's member network, here:

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Cheers,

Mark

[ashmok] 27/2/2013 18:40

Wow. And to think I felt a little bad when I sold my holding (for a massive loss) at around 60p, last year... I should have known I wasn't going to miss much.

Still, maybe something will happen here eventually. Good luck to anyone still holding.

[cocker] 08/2/2013 12:06

The only saving grace is that the directors are the main underwriters. The worst share I have ever had the miss fortune to have owned. 10k sell mine & only a few lkeft

[orange1] 08/2/2013 11:09

I don't understand - somebody said a while back the chart looked outstanding.

[gac141] 08/2/2013 11:02

Well that explains the drop in the share price...

[cocker] 23/1/2013 15:37

Corero are about to have a name change for their stock listing. Apparantly its going to be Titanic plc as this represents its sinking share price more so & the epic code will be TIT, as this is what its shareholders are. Me be one of them.

[rambutan2] 11/12/2012 00:58

Noted...

Advanced Computer Software Group plc (AIM: "ASW", "Advanced", or "the Group"), a leading provider of healthcare and business management software and services, has agreed to acquire Serco Learning ("Serco Learning"), one of the UK's market leading education software providers for a total cash consideration of £7.25m payable £6.25m to Serco Group and £1m to iGate for the novation of a material services contract. Completion is expected on 31 December 2012.


A reminder...


Implications?

[cocker] 26/11/2012 17:36

I guess its the sign of the times when no one post when a director tops up & the share price rises 8%.

[romeo] 19/10/2012 06:50

Welcome news, indeed. I continue to hold.

[cocker] 18/10/2012 07:44

Most welcome news indeed albeit that they are existing customers...

[spurious] 10/9/2012 12:41

Thanks magpie
Glad your prospering
regards SP

[orange1] 06/9/2012 08:33

I wish I had taken on board Orange´s view! Incidentally, some very cutting remarks on the excellent www.techmarketview.com:

¨Corero goes further off track

It really does seem like Corero CEO, Jens Montana, is driving the business down a steep incline. He is 'transforming' the once profitable provider of software to the UK education market into a network security play (see Corero returns to profit as transformation begins) but all that seems to be happening is that it is losing more and more money.

In fact Corero lost more money in the first 6 months of this year than it did in the whole of 2011. Headline revenues grew by 45% to $10.8m (they now report in USD – see Mixed messages as Corero switches currency), much to do with the reverse-in to US-based Top Layer Networks last year (see Corero finds a new Top Layer (two, actually!)). Net losses were 'transformed' from $1.4m in H1 2011 to $2.6m, exceeding the $2m 2011 FY loss.

The losses were entirely due to the emergent network security division (CNS). Corero Business Systems (CBS) – the UK education software division – generated the only profit – about $1m – on $4.1m of revenues, which by the way were up 34%, all organic. However, CBS operating margins lost over 3 points yoy, to 24.6%. Operating margins for 2011 were 31.3%, so this squeeze is a little worrying.

Meanwhile, Corero COO Andrew Miller (for it is only his name on the results announcement) (no relation, by the way) warned that 'ongoing macroeconomic uncertainty' was extending sales cycles in CNS; indeed CNS revenues were 'lower than expected', at $6.7m.

I am assuming that Montana and Miller are hanging on to CBS for as long as they can in order to keep the rest of the boat afloat. There would surely be many potential buyers for CBS (RM, Capita, to name just two); management just have to make sure they don't drain the very lifeblood out of the division so that there is still something of value to sell when the CNS division can stand on its own two feet – or falls into the chasm.

Posted by Anthony Miller [on 6th September 2012]¨

[cocker] 06/9/2012 07:27

I wish I had taken on board Orange view all those years ago & then perhaps my huge losses would not have grown into those mega losses.

[romeo] 06/9/2012 01:10

Orange, give it a rest. I am holding, continue to hold, believe this stock will come good in the end.

[diggulden] 05/9/2012 21:24

Yes I think so Matt, city obviously weren't expecting gross margin to be hit so much in H1. Sales up though, and reasonably bullish update statement. Need to see why those costs were so high though.

[matt123d] 05/9/2012 19:11

Picked up a few here, looks interesting at these levels.

[orange1] 05/9/2012 16:49

Romeo and illiquid small-caps...

Romeo 29 Mar'12 - 01:56 - 47 of 60

Through 60 pence, chart looks outstanding!

[goodgrief] 05/9/2012 14:47

Charts and illiquid small-caps...

Romeo 29 Mar'12 - 01:56 - 47 of 60

Through 60 pence, chart looks outstanding!