Defenx Share Discussion Threads

[judgement] 08/12/2001 16:53

Volume starting to build quite nicely.

[stewjames] 07/12/2001 15:33

Looks like we can expect a big buy to go through either at today's close or early next week.

[the jitters] 07/12/2001 14:52

Panic over....it was just rolling over in its sleep!

Phil

[bangers for bucks] 07/12/2001 13:07

The jitters
somethings afoot, i just hope it jumps and not crawls...

[the jitters] 06/12/2001 19:44

Looking at the volume today, its just possible that this dog is about to crawl out of its kennel :o)

Woof woof!

Phil

[veto] 05/12/2001 18:31

Thnak you once again alsfar, the information you have provided is very useful and enlightening.
I did dip my feet into DFX and purchased some shares!

[veto] 05/12/2001 14:46

alsfar, thank you for your informative and honest reply.
I would appreciate it if it is possible to shed some light on what VET & SPE actually do. What are their business areas that they focus on and what are their products? And by the way, where do you manage to get all this info. from?

[veto] 05/12/2001 11:48

Thanks alsfar!
What are your views on the prospects for Dataflex and Virtual Internet?
I accept that you have kindly indicated that this information is not intended as advice and before investing you have to DYOR!

[alsfar] 05/12/2001 10:04

There is a fair amount of DFX information already on this thread.
If you are interested in possibly oversold, cash rich companies,
you may also want to have a look at VET (Virtual Internet).
As ever, no investment advice intended, DYOR.

[veto] 05/12/2001 09:46

Dataflex seems to be missing out on the current rally in the TMT sector.
It seems to me to be very much oversold and I wonder if the time is right for a correction in the share price?
Surely for a company to be valued less than the amount of cash in the bank is absurd?
Does anyone else have any other information or views on this share?
I would very much appreciate any honest opinions as I am seriously considering buying these shares but I cannot understand the share price!
I see a large trade of 50K was a buy this morning!!

[the jitters] 22/11/2001 01:49

Hi ghh,

Was racking my brains trying to think of your bloody name!!! Hows things with you?

Only got a few actually (25000), even a daft old fool like me knows such small techs are still speculative :o)))

Did you sell out of Soco in fully in the end or do you still hold a few? Things looking like they are moving in the right direction for them and next year should be quite special.

Regards
Phil

[cb7] 22/11/2001 00:36

mike, thats the 1/08 aitken campbell 2m and eps2.1? However the agm 13/9 reiterated that core markets remain difficult and that sales will be significantly lower than previous half year....sales on downward trend of 30m then 15m for each of last six month periods......last weeks IC said quote "brokers reckon this means an interim loss, possibly 2nd half break-even and 12 month sales of perhaps no more than 20m"....I think this is more up to date info

[olyhun] 21/11/2001 15:59

this stock is choice of the buys on investtech according to charts, is this reliable tia

[ghhghh] 21/11/2001 15:49

On the 30th July announced Final Results to end June:

'* Net cash balance of #19.5 million (2000: #16.5 million)'

BUT THE FINAL RESULTS HAD £11m CREDITORS AND £6m DEBTORS.

SO ACTUAL NET CASH WAS £14.5m.


On the 19th of November:

'This places the Company, together with its forecasted #15 million of
cash at end of December, in a strong position to take advantage of any
improvement in market conditions.'

WE DO NOT KNOW THEIR ESTIMATE OF CREDITORS AND DEBTORS AT END DECEMBER. IF UNCHANGED THEN ACTUAL NET CASH WOULD BE £10m.

I'm not saying that it is £10m but merely that it is a point worth finding out.

[cb7] 21/11/2001 15:44

ghhghh is correct in that we dont know whether its NET cash or not....and just to clarify :- that 15m was at end dec 01, not their financial yr end

[stewjames] 21/11/2001 15:34

alsfar, in my experience such a crystal-ball analysis is normally a very good first approximation.

What I'm unclear on is how they get the net cash balance of 19.5M in the finals anyway? Looking at the figures it should actually be 21.2M cash + 6M debtors - 11.2M creditors = 16M?

[alsfar] 21/11/2001 15:21

Well I can only conclude, that you are assuming a linear distribution of expenditure (and receipts?) throughout the year. Basically, you seem to be simply saying, that since the cash pile has reduced by £5m in first half, it must reduce again in the second half by another £5m. I think you are well into crystal-ball analysis with that kind of maths. So, by all means dream on.

[ghhghh] 21/11/2001 15:06

At last results Company said cash was £19.5m. Add £6m debtors and deduct £11m creditors gives £14.5m FREE/REAL net cash.

A few days ago Company announced cash would be £15m at end year. What are the debtors/creditors? If unchanged net free cash would be £10m.

And Phil, you sound like a man with a barrel load!

Hope you are keeping well.

Best wishes

Paul

[the jitters] 21/11/2001 14:52

I have a hunch someone wants to buy in on the cheap alsfar and is trying to spook a few people so they come cheaper.

I could be wrong of course but thats how ghh's post reads to me.

Phil

[alsfar] 21/11/2001 14:44

ghhghh - Seems to me, you managed to lose £5m in you calculation. As end of June Cash was £20m, debtors £6m, creditors £11m (approx). Therefore 20+6-11 = £15m. Latest figures for cash pile = £15m. How did you get down to £10m? Allow for half debtors, I still get £12m. How do you get £7m?

[ghhghh] 21/11/2001 14:23

They say cash of £15m at year end, down from £19.5m at last accounts.

But at last accounts creditors were about £5m greater than debtors.

So does this mean actual net cash will be about £10m, assuming all creditors paid and all debtors pay up. Until we know the estimated December creditors/debtors position we can't judge - has anyone asked the Company?

When evaluating the true cash position I normally assume that only half the debtors pay up but all the creditors have to be paid. Applying this conservative rule would reduce free net cash to about £7m or 10p a share.

Nevertheless I agree that shares look cheap because cashburn hopefully not a great worry.

My main reason for hesitating to buy is that the Nasdaq has run up 35% and looks overdue a correction, maybe slight, maybe severe. Any correction will be fuelled by profit taking as we quickly dump everthing that has gone up.

The sensible long term investor will probably buy now but I'm greedy.

[mikelangdon] 21/11/2001 13:09

Thanks for that CB7.
I have dipped my toe into DFX this am.