Faith in Tech IPOs

Share On Facebook
share on Linkedin

The recent weakness in Defenx (LSE: DFX) highlights a buying opportunity. The first results since listing on AIM in December, will be announced on Tuesday 19th. DFX Floated at 148p with £2.1m raised to fund growth at this smart phone mobile security business which owns its Core Intellectual Property. DFX is profitable and turnover should be Euro 4.3m, which is 80% ahead of last year. To date 2.9m security software licences have been sold and faster growth is expected.


New products have been launched since December; the Defenx suite of products is now available for Windows 10 devices, which along with Andriod and IOS it brings availability to 90% of the smart phone platforms. Defenx Cloud Backup is also available, which offers online backup, synchronisation and file sharing across multiple mobile and desktop devices. It is available in 16 languages and elements of it are not commonly available.

Competitively priced Defenx have global distributions partners primarily in Europe, the Middle East and Africa.  The marketing strategy is focused on while-label and profits sharing arrangements with Distributors, Telecom companies and hardware manufacturers.  WH Ireland have a 200p price target as they say that it’s prospective P/E is around half of other comparative listed companies.


There is no structured debt so the net proceeds of £1.4m is to develop the business.

Trading Strategy

When new investors start discovering  this growth opportunity hopefully with  the figures next week the price should improve.

Defenx (LSE:DFX)

118p (115p-120p)

Mkt Cap: £7.6m

Next Results: Finals Tuesday 19th April

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210923 04:03:59