Coro Energy Share Discussion Threads

[gac141] 16/6/2011 13:08

Good for us...

200 of worst performing primary schools to become academies....

[gac141] 15/6/2011 17:59

Still have the the shares and time will tell if I made the right decision...

[25october1969] 15/6/2011 13:20

Who is Mondas, does he still post here?

[damanko] 15/6/2011 11:04

I can only admire you guys, all the promises, all the changes in management. All the disappointments, all the massive losses - never mind the company - just the share price since Mondas promised so much.....

Are there any realists left here?

[gac141] 15/6/2011 09:13

So we have the product in place and the sales team in place.... Next stop making the sales!

[gac141] 13/6/2011 14:52

Nice little come back. Maybe some good news on the way....

[romeo] 13/5/2011 00:44

George, I second that emotion:
----------------------------------------
4 May 2011
CORERO PLC

Key appointments to US-based security division

Corero plc (AIM:CORO, 'Corero'), the international network security business and supplier of accounting and management information software solutions to the education and commercial markets, has appointed Aimee Rhodes as Chief Marketing Officer of its US-based security division (Top Layer).

Corero has also made key international sales hires and signed up new channel partners in the US, Europe and Asia.

Aimee Rhodes is a seasoned marketing executive in the enterprise technology sector. Most recently, she was vice president of marketing at Xceedium, a network access control provider, where she was responsible for all marketing and lead generation activity. Prior to that, Aimee was VP of marketing at firewall management company AlgoSec, and VP of corporate communications at remote access SSL VPN vendor Whale Communications, which was acquired by Microsoft. Aimee will play a key role in Top Layer's drive to expand market share by exploiting new sales channels.

Corero has also established sales teams in Taiwan and France hiring experienced network security sales managers and systems engineers. In addition, the company has appointed three sales managers in the US and a North America Channels Manager to expand the US channel partner base. Since the Top Layer acquisition which closed on 2 March, 2011, 12 new channel partners have been appointed in North America, Europe and Asia.

Jens Montanana, Chairman of Corero, said:

"Aimee has a proven track record and brings hands-on experience as well as strategic marketing skills to Top Layer. The appointment of Aimee and the additional planned investment in marketing will further raise the profile of Top Layer and equip the sales team to increase sales and revenue.

"Our sales team expansion in Europe and Asia and the new talent we have recruited in the US are key elements in our strategy to drive revenue growth by boosting channel sales."

Corero has two divisions: Corero Security Systems, which includes Top Layer, and Corero Business Systems, which serves the education and commercial sectors.

[gac141] 11/5/2011 16:27

This is the quality of people we now have with Corero..

Datatec Limited

Strong financial performance drives EBITDA up 31%

Datatec Limited ("Datatec" or the "Group", JSE and LSE: DTC), the international Information and Communications Technology (ICT) group, is today publishing its audited results for the financial year ended 28 February 2011.

Financial highlights

-- Revenue up 15% to $4,3 billion (2010: $3,7 billion)

-- EBITDA up 31% to $142,2 million (2010: $108,5 million)

-- Underlying* earnings per share up 25% to 37,9 US cents (2010: 30,3 US cents)

-- Capital distribution per share up 8% to 13 US cents (2010: 12 US cents)

*Excluding goodwill and intangibles impairment, amortisation of acquired intangible assets, profit or loss on sale of assets and businesses, fair value movements on acquisition related financial instruments and unrealised foreign exchange movements

Operational highlights

-- Strong performance and operational leverage

-- Solid revenue growth in Westcon and Logicalis; up 13% and 25% respectively

-- Margin expansion; overall gross margins 13,9% (2010: 13,3%)

-- EBITDA increases at 2x revenue growth rate

-- Group continues to benefit from international scale and business diversification

Jens Montanana, Chief Executive of Datatec, commented:

"I am delighted to be able to report on strong results for the year, ahead of previous guidance.

"Despite an environment which remained challenging in many markets, our focus on operational performance has meant that we have been able to increase revenues and expand margins resulting in the bottom line growing at twice the rate of revenues.

"This performance is being driven by a combination of strong operational leverage and an improving global economy which is returning to a more predictable and aligned recovery across the majority of the Group's geographies.

"We have a robust business model which should deliver further improved results in the years ahead and we are therefore increasing earnings guidance for the current financial year."

Enquiries:


Datatec Limited (www.datatec.co.za)
Jens Montanana, Chief Executive

[mollymolly] 04/5/2011 20:28

This Company has always had promise. I'm holding my shares and hoping. Corero has always managed to spin a decent story, but never (so far) produced results. I can't see how the share price will move until management PROVES themselves.

[gac141] 04/5/2011 19:40

So we are all still here. Have not sold a single share. No choice or thinking that things could get a whole lot better.

[rambutan2] 04/5/2011 16:02

Perhaps a worry that the new team doesn't do stuff on the cheap. Will new sales etc keep ahead of the ever growing wage bill and distribution of options etc?

[cocker] 04/5/2011 13:19

All pointing in the right direction where as share price heading in the other.

[cocker] 04/5/2011 07:36

2 rns in two days all of which are pointing in the right direction. Are we entering a prosperous new era as shareholders?

[spurious] 19/4/2011 11:27

Interesting insight. Looks like they are busy in a positive way
Regards
Patrick

[25october1969] 18/4/2011 12:25

Hot off the press!

Corero sets out Top Layer channel ambitions


Alex Scroxton
April 18, 2011 11:50 AM

Ahead of this week's Infosec show, buy-and-build security outfit Corero, the new owner of IPS and DDOS solutions vendor Top Layer, has been setting out its ambitions in the channel after signing distie VADition for the UK market.

Corero swooped on Top Layer in a £9.4m deal at the start of February in the first an anticipated series of acquisitions.

Corero sales vice president Andre Stewart told MicroScope he hoped to back into other companies in the IPS space that were, for whatever reason, having "difficulty executing".

He confirmed Corero is in talks with at least two other vendors, and though he was unable to name names, said the next deal was likely to materialise towards the end of 2011. For now, said Stewart, the emphasis is more on the integration of the Top Layer business.

In channel terms, Corero has already been chasing resellers of other recently-acquired security vendors such as McAfee and TippingPoint, now owned respectively by Intel and, through its acquisition of 3Com, HP.

Said Stewart: "In the past month we've moved about eight McAfee and Tipping Point partners over to Top Layer worldwide. Niche security vendors aren't particularly interested in selling HP or Intel because the margins disappear.

"We're going for a two tier strategy, and we want to be able to give high margins to a few very focused and valuable partners," he continued.

"Top Layer had some direct sales and some sales to VARs, and it was frankly a bit of a mess. We're trying to clean that up.

"The history of Top Layer is that they had a lot of money invested, some great products and some great references, including BT and Vodafone among others, but they pulled back because they couldn't execute effectively. They had no marketing and we're just now starting to invest in it," Stewart explained.

Corero is hoping to bring on board between five and 18 dealers to address the UK market, and is open to the possibility of appointing a second distributor within the next 12 months.

[romeo] 09/4/2011 15:59

Here is a copy of the presentation given to analysts:

[cocker] 08/4/2011 20:25

Just read in my local newspaper that all 4 secondary schools in my town have applied for academy status & i guess that maybe the case around the country.If only we had been left with the resource side we shareholders would be sitting pretty for now, instead of relying on what might be.

[gac141] 07/4/2011 10:14

Great ideas, Great market waiting on the others......

[magpie99] 06/4/2011 21:27

Great company, great management and grrrrreeaat future!

[gac141] 06/4/2011 16:19

Notice the rush to buy the shares after analyst presentation. The management have plenty to do to convince me of keeping my shares. Some great ideas let's see if they come to anything?

[cocker] 29/3/2011 21:33

For years the finacial side of the business had been a constant drain on resources & I for one questioned PW on why we could not either sell it or get shot of it. He belived that it was only a matter of time before we shareholders would see significant rewards for our patience. How wrong he was!. If only we could have kept the resource side we shareholders would be far better off than what we are now. It seems as if shareholder dilution has occured & is likely do do so in the future. The recent share options are another two fingered guesture @ shareholders & for me suggest that this bunch are probably no better the last bunch of to---rs. Patricks 85p end of year target seems even harder to achieve as every month passes us by. So having looked into my crystal ball I shall predict a share price of below 40p by year end with Bernard Snow still owning his small handful of shares.

[emily bronte] 23/3/2011 11:24

A rant from TW on JPJShare.com - what do shareholders think of the option grant?

[cocker] 23/3/2011 07:34

Options granted that are not performance related!. Sounds about right to me.