||EPS - Basic
||Market Cap (m)
Defenx Share Discussion Threads
Showing 476 to 499 of 500 messages
|This peaked at 116 last time we had news on predicted results, no reason why it won't do it again imo.|
|You could have got 95 today|
|Yes I would like to add circa 95p. Spread too wide at moment|
|Not much, just waiting for results to come out next month. I'll too up below 100|
|What's happening here?|
|Anything below 100 is good value|
|Buying opportunity imho|
|Exactly, sold a chunk at 116, will buy again below 100|
|chatted to their guy at the Shares Forum, liked his quiet straightforward approach. He accepted there is a risk in going mainly for developing countries, and hence also slow cash flow, but said they are - as yet - a small player in a huge global market. Revenue rising by over 50 %, expected P/E at 5.7 and reducing to below 5 next year. What's not to like - bought in today looking for 100 % gain over 18 months.|
|Should stabilise before another jump with final results in Apeil|
|Target 140 for me just adding more as funds become available|
|Interview on Directors Talk, covers more detail on the cafe bazaar deal.|
|No wounded, hoping for a pull back|
|Did you get some in the end?|
|Can't buy these on Barclays account|
|I am a buyer just need the right entry level|
|Defenx PLC (DFX) has issued its year end trading statement today, which highlights strong double-digit organic revenue growth during H2-16, plus a sharp bounce-back in operating profit. Cash collection remains an issue, but the implementation of debt factoring will alleviate this going forward. Trading on only 2.4x FY-17 EV/EBITDA this business is undervalued. A multiple of 4.0x is more appropriate we believe, giving us our target price of 170p. Buy.|
|Thanks wordog. Let's wait and see the numbers but the fact they don't mention it suggests they're still bleeding cash.|
|Here you go WJCC....
○ Typical collection terms 90-120 days, but minimal bad debt history
○ Plans agreed with channel partners improving average debtor days|
|From 4.5mil (2015) to 7.3mil (2016 year end) so still 3 months more revenue to come from the FY.
Presumably the 57% increase in revenue is year end 31 Dec 16 & 17.
Market Cap was about the same this time last year so you would assume this is undervalued. However, it will be interesting to see the cash flow and if they are getting on top of the trade receivables.|
|Thanks Wordog, will take a closer look at the others on the board.|
|Firtashia - Worth also looking at the amount of shares in the hands of the CEO and CFO, which is encouraging. Also the Non-Exec Tony Reeves who is Chairman of Cloudtag, which 6x bagged in 2016.
WJCCGHCC - Trade receivables have always been high for this company and is a personal concern for me. Having quizzed PP on this in the past he said it is the nature of business when the majority of your market is in the developing nations. Even in Italy you have twice as long to clear invoices than in the UK.|
|The problem is the profit bears no resemblance to the cashflow. Large increases in receivables and capitalisation of software development reminds me of certain Chinese software companies.|