Corero Network Security Share Discussion Threads

[grim] 02/5/2018 20:31

Over on the WEY thread they have been discussing Miton's need to sell £10m worth of their holdings by 27 April to facilitate their shareholder redemption requests. During April both WEY and VRS were sold heavily by Miton Group PLC. Interesting that during the same period they infact increased their CNS holding threefold at a cost of £2m ish.

[thaiger] 02/5/2018 17:06

May be due to Miton tripled the stake!

[enewman36] 01/5/2018 14:19

SP up nearly 50% in the last week or so and no comments....

[9degrees] 01/11/2017 10:46

Great news again today with contract renewal

[owenski] 30/10/2017 08:45

I still wouldn't buy this, these contracts are few and far between and still for small sums. Cost base is still high and though they indicated aiming for breakeven this year, I dont see that happening - again, there will be another fund raise next year IMO.

[owenski] 27/9/2017 09:09

For what it's worth, analyst coverage but it's commissioned by CNS -

[owenski] 18/9/2017 14:13

Yep, they're not done with burning cash and the contracts being signed might be for larger sums in aggregate but they need to come in at a faster rate. Their cost base is surprisingly high as well.

[mr macgregor] 14/9/2017 20:06

Right story, wrong results. Surprising to see gross profit has declined and operational cash burn has shown a big increase since this time last year. The six month cash burn has jumped from $2m last year to $3.7m. At this rate, with $5.1m left last June, they'll need another raise before the spring.

[tialouise] 14/9/2017 14:21

Might get to make a profit in 10 yrs lol

[jammytass] 14/9/2017 07:40

good contract win

[chadders] 13/9/2017 20:03

I note the 50000 shares buyer has been accumulating again. H1 2017 results tomorrow so good luck all long termers.

[owenski] 01/9/2017 08:41

Contract wins have been a bit thin on the ground lately need to see how the cash burn is going.

[chadders] 01/9/2017 08:34

There's been a regular buy pattern of 50000 shares for a while now. Somewhat surprising the share price hasn't ticked up.

[chadders] 31/8/2017 22:09

Been very quiet on here for a while. Half year results in a fortnight which I expect will show more steady progress towards profitability.

[owenski] 19/7/2017 15:40

Nice recovery post fund raise. Fund raise was expected and it was a good signal that management stumped up a huge wedge, interests aligned and all that.

[[e-mail]] 19/7/2017 14:51

just brought a few shares. looks good.

[chadders] 19/7/2017 10:29

Cybersecurity is the space to be in at the moment. CNS have the best DDoS system around and business contract wins are accelerating, intro recently into the Fed Gov and expanding resources and headcount. Chairman very confident as he's pumped millions of his own cash into this. More to come methinks

[chadders] 18/7/2017 08:50

Gaining a bit of traction now. More news to come methinks.

[chadders] 14/7/2017 15:59

Corero increasing their presence in Edinburgh.

[mrphiljones] 07/7/2017 10:16

I miss Heshe....;-)

[chadders] 07/7/2017 10:07

Good to see another tick up this morning.

[chadders] 04/7/2017 07:37

Another contract win for CNS which bodes well. No news yet as to how the Juniper relationship is progressing, so much more to come methinks.

[chadders] 28/6/2017 14:23

I wonder if we'll see interest from US investors this afternoon.