Defenx Share Discussion Threads

[wordog] 11/4/2017 11:06

Receivables have been a going concern for me too, but they are right in their statement that longer terms are common within the markets they operate. To be fair to them they have always made comment on this issue in every update so it's not something they are hiding amongst the figures and they do state they are focussed on recouping the funds.

[interceptor2] 11/4/2017 10:47

Have taken an initial small holding here after some impressive growth figures, if growth continues at the same pace then they look very good value. The only thing that held me back from a more normal size investment was the receivables which look rather high, but will give them the benefit of the doubt for now due to the exciting potential, but will keep a close eye on receivables.

EDIT, Snap already holding PTY :o)

[a2584728] 11/4/2017 10:45

PTY are similarly well run with good management etc.

[wordog] 11/4/2017 10:23

It's already mine! I was planning to sell on the spike post trading update, but given the news on the strategic partnership I'm happy to hold. They can't flip the shares for a year and they stand to lose too much influence by dropping below 20%, so the partnership seems pretty solid.

[a2584728] 11/4/2017 10:19

This is going to become my largest holding over the coming days, great business with exceptional management and Executive.

[wordog] 11/4/2017 09:58

Quite a lot to take in there, but essentially the deal does seem quite "transformational", the new encryption software package is the final price in the puzzle. Hopefully this will provide an integrated solution for larger corporations. I wouldn't be surprised if we start to see a move into the Defence and Government sector given the strategic partner experience and the future offering.

Good news all round, I'm expecting some big news over the next year.

[a2584728] 11/4/2017 07:08

Great numbers, this company has a wonderful future

[wordog] 07/4/2017 15:32

It's moving now though.

Someone is confident about the results, and why not, it went to 116 on trading update before.

So if the final results are the same or better we should see another significant jump.

If the trade receivables are under more control then I will be staying here for the long term.

[a2584728] 07/4/2017 10:49

I suspect we have a buyer in the background, no movement at all and no trades being shown??

[wordog] 05/4/2017 18:57

Agreed, i think they have found a realistic niche in a very competitive market, results in the next 2 weeks and hopefully an update on the white label contract too.

[a2584728] 05/4/2017 14:08

I agree, £1.20 short term is realistic, this is such a well run business and happily under the radar at the moment.

[wordog] 30/3/2017 23:39

I'll be disappointed to not get a 20% jump.

The key figure for me is how well they have managed the trade receivables, if it's down I'll stay in. If it's up then I'm out once and for all.

[a2584728] 30/3/2017 11:07

I think? Results next week? Hoping to see us break new highs following them.

[wordog] 27/3/2017 19:44

It has been 2 months since the last RNS or media engagement by the company. The longest previous gap was 1 month, this tells me something might be going on, not sure what.

However, it's 3 weeks until they release the end of year results (19 April 2016), maybe all will be revealed then?

[wordog] 21/3/2017 09:59

This peaked at 116 last time we had news on predicted results, no reason why it won't do it again imo.

[wordog] 13/3/2017 22:56

You could have got 95 today

[a2584728] 13/3/2017 15:50

Yes I would like to add circa 95p. Spread too wide at moment

[wordog] 13/3/2017 10:46

Not much, just waiting for results to come out next month. I'll too up below 100

[a2584728] 13/3/2017 10:00

What's happening here?

[wordog] 23/2/2017 20:10

Anything below 100 is good value

[a2584728] 23/2/2017 13:09

Buying opportunity imho

[wordog] 05/2/2017 09:19

Exactly, sold a chunk at 116, will buy again below 100

[puku] 02/2/2017 12:45

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.

[wordog] 01/2/2017 20:42

Should stabilise before another jump with final results in Apeil

[a2584728] 01/2/2017 14:00

Target 140 for me just adding more as funds become available