Corero Network Security Share Discussion Threads

[spike_1] 06/1/2016 08:49

edit - wrong thread - sorry

[rolo7] 06/1/2016 07:40

More great news europe isp!

[bones30] 06/1/2016 00:14

This is very interesting to me.

[woodcutter] 05/1/2016 10:49

One of the things i liked was the director financial commitment. They also seem to have around 8.6m options but the exercise price is well above the current share price so i figure we'll see a few more given away.

I looked at the last annual report and it also seems that Andrew Miller significantly reduced his emoluments from 2013. Notwithstanding Miller and Ashley Stephenson are on a fair crust given the size of the business.

One area i'm struggling to find any quality info on is the revenue streams and how much of it is recurring. It looks to me like these contracts are a fixed fee with no recurring revenue at all. The downside of this is it only takes one attack on the ISP/company/cloud to be successful and other clients begin to question the quality of the product so existing and future reveune streams become more at risk.

woody

[billbyrne] 05/1/2016 09:49

Welcome Woodcutter. Bought a few after the last contract announcement
myself.

They were having SmartWall TDS trials with three of the top 10 US Internet service providers when they announced half year figures. Looks like this could be number two of the three to come in. Momentum seems to be building.

Directors stumped up £2m of the £5m raised in August, very positive.

Will they have enough cash to last, not sure, the final figures in March
should make the picture a bit clearer.

[woodcutter] 05/1/2016 09:32

Well product development capitalised is coming dowm appreciably

H1 & H2 2013 $4202
H1 & H2 2014 $3621
H1 2104 $2173K
H2 2014 $1448
H1 2015 $1069

operating expenses are also coming down but not so stable over six months.

H1 & H2 2103 $12911
H1 & H2 2014 $11250
H1 2104 $6338
H2 2014 $4912
H1 2015 $5856

My guess would be we need to see revenue more than double to around $20m for the business to look comfortable. Is there sufficient cash on the balance sheet to get there?

Directors have decent skin in the game too.

woody

[woodcutter] 05/1/2016 08:50

Had a small nibble here this morning. Loss making and much to improve but if the order flow comes then it may well turn out to be a good investment. Need to do a bit more research on the contracts and recurring revenue streams and historical costs of product development. Will watch with caution.

Not my usual investment but had a decent year in 2015 so worth a small punt!

woody

[tradermel] 05/1/2016 07:46

* double post, sorry

[tradermel] 05/1/2016 07:46

Today will certainly bring new interest, nice RNS

[napoleon 14th] 10/12/2015 20:45

A couple more of these contracts could really get the crowds in,
then what target do we have?

A bit like KNOS (I hold) there could be a spike worth cashing in
& buying back lower...

if you're that lucky!

[rolo7] 10/12/2015 12:49

Cup with handle on chart? Could rise this afternoon when USA buyers wake up

[raysor] 10/12/2015 12:44

"....these are exciting times for Corero’s development"

[affc21] 10/12/2015 08:46

Good news this morning, Tentative first steps on the American tier 1 ISP market, with the potential of substantial orders to follow.

[rolo7] 25/11/2015 14:52

a few buys over the last few days, i see dave larson been made coo also a positive sign?!

[raysor] 20/11/2015 15:44

Does it say pre-IPO and listing in December? Strange
Presumably Nasdaq First North Exchange isn't a "proper" exchange

[rolo7] 16/11/2015 20:42

Also on shareprofets website zac looked at the chart!

[rolo7] 16/11/2015 20:41

Also on shareprofets website zac looked at the chart!

[raysor] 16/11/2015 14:18

Mentioned in Daily Mail over the weekend

[napoleon 14th] 16/11/2015 13:47

Good volume & +8% this a.m. Who knows something we don't?

[napoleon 14th] 01/11/2015 07:19

Their options will improve when/IF the contracts won put them in a different category.
The board's taking a lot for granted until they deliver "proof of concept".
Their rating reflects their record so far, so the share is a punt until.....

[raysor] 30/10/2015 15:54

Where might they re-list? ISDX, NASDAQ, full list
How would it improve liquidity?
Maybe they would like to leave the cesspit that is AIM for a better image.

[affc21] 30/10/2015 15:37

Sorry to but in, but my take on it (aim listing?) is that the management were/are disappointed with the investing community lack of interest in CNS and hence which is also reflected in the share price...I'd have thought any U.S. tier 1 I.S.P contract wins will cancel those suggestions to history.For more info look at the company RNS (snippet below):Proposed fund raising and Trading UpdateAIM ListingThe Directors have, in response to discussions with the some of the Company's shareholders, considered the appropriateness of the Company's AIM listing. The Directors believe that it is in the best interests of the Company and its shareht the present time but will continue to assess, on a periodic basis, whether an AIM listing remains appropriate. Shareholders will be notified of any future developments in this regard.

[napoleon 14th] 30/10/2015 12:42

You mean delisting & getting off AIM?
Not heard anything about it...

[the shuffle man] 29/10/2015 20:36

Thing that worries me is they were considering their listing on aim. Napolean any views on this ?