We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Defenx Plc | DFX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.60 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.60 | 1.60 |
| Top Posts |
|---|
Posted at 29/8/2019 14:51 by wordog Summary from the annual report, as far as I’m concerned BV Tech going nowhere and committed to launching new products and covering losses until sales recover.Mkt Cap £1.35mil BV Tech now owns 67.1% of Defenx Defenx has received €1.0 million and going forward will receive 50% of any sales in excess of €5.0 million BV Tech have committed to purchase products to a minimum value of €150,000 per quarter (total €1.2 million) in the period to December 2020 DFX entered into a software services agreement with BV Tech which defines our product development roadmap with a cap of €1.2 million for 2019 development spend with BV Tech. Secure Mail is currently in final testing for imminent release with Mobile Communications expected shortly thereafter. Finally, we are upgrading the infrastructure for Cloud backup; migration is scheduled for completion in Q4 2019. We will work with BV Tech to develop our secure messaging for delivery in 2020. BV Tech has provided a non binding letter of support for €350,000 loan. BV Tech already invested ~€4.6mil in DFX If that isn’t a buying trigger I’m not sure what is, but until the company post a solid positive RNS this isn’t moving, but when they do it will rocket! |
Posted at 01/8/2019 19:10 by 5h4k35p34r3 This won't recover until DFX start making money. |
Posted at 29/7/2019 17:36 by smackeraim If you go back and check the BV Tech distribution agreement from April, you can see the calibre of clients they expect to market the tech to. Now BV Tech is the majority shareholder, CEO from BV Tech installed to steady ship and oversee operations until new team is assembled.BV Tech won't let DFX go under and lose it all, so they'll position while the new "reboot" happens and gain well from feeding from the bottom around here. Maybe even other manoeuvres in holdings .. who knows.. |
Posted at 29/7/2019 15:12 by shanur90 Taken dfx could do ide style rise |
Posted at 18/7/2019 11:15 by 5h4k35p34r3 7Digital Group PLC posted late accounts last year and are operational. Premier African Minerals. Mineral & Financial Investments.DFX did indeed do this last year but responded by BVT investing a further €1m, redesigning and re-launching the DFX website, entering into partnership arrangements with various affiliates and entering into an agreement with BVT to sell DFX's products to BVT's customers like the Italian defence industry. And the share price recovered as a result. The share price will make a sustained recovery if DFX shows that it is selling its products and services so is independently solvent. We know the next accounts only go up to end-December 2018 and will be bad so recovery is dependent on whether the RNS that accompanies them has any vision / commitment or not. |
Posted at 09/7/2019 20:32 by 5h4k35p34r3 Unless DFX is now solvent then the money from BVT has run out - the latest part of the loan having been drawn down and used. So, the next announcement will have to include some decision on its future. 12p would be illegal before October. It would have to be 13.5p. |
Posted at 09/7/2019 19:26 by wordog Final option is continue to support DFX as a separate corpoRate entity and continue to list on Aim. Which I believe is unlikely as they have already demonstrated their preference to buy equity rather than utilise the public listing for investment. My feeling all along has been their ambition to take DFX into their private group but have to wait until the 12 month minimum value becomes tolerable to make a sensible and affordable offer. Explains the lack of appointments amongst other decisions.My holding isn’t big, but happy to hold out for some form of buyout. 12p would be welcome, |
Posted at 09/7/2019 19:01 by 5h4k35p34r3 wordog is right. The whitewash resolution is pertinent only to individual events, in this case, the previous act of making an open offer in April 2018 to provide further funding for DFX. It is not infinite and would need to be sought again if there were another open offer.So, the options appear to be: BVT making another open offer to invest further in DFX and increase its shareholding; BVT making a buyout offer, which may seem unlikely with them having previously avoided doing so, but could be more likely now that the cost of their buyout is now a fraction of what it was last year; administration which results in all investors losing their investments, including BVT who have made by far the largest investment, who also risk losing DFX's commercial and technical assets to another party. Plus, formal investigation of the BVT Directors by the administrators. |
Posted at 09/7/2019 15:43 by 5h4k35p34r3 I don't think honesty nor fairness come into it. If BVT buy out the remaining shares then AIM rules require that it is at the highest share price achieved over the previous year. Currently, that's 13.5p, achieved on 2nd November 2018 so a buyout up until November will cost BVT circa £1.58m.Considering BVT's latest €950,000 loan plus annual AIM listing charges of €234,000, BVT are reaching the point where a buyout may be preferable to pumping even more money into DFX. All of their RNSs though suggest that they value being AIM-listed and want to deliver shareholder value, but talk is cheap... After November though, the highest share price collapses further making it even cheaper to buy out. I remain suspicious as to how so many healthy buys have not improved the share price whilst so many pocket money sells have immediately devalued the stock. Haike was an exception, perhaps fuelled by it being a profitable business so able to finance the buyout. BVT own 67.1% of DFX and cannot delist without 75% shareholder support so would need to make an offer to remaining shareholders to permit delisting. I think administration is unlikely as BVT lose control and potentially loss of their investment and DFX's assets. So, BVT are either strategically committed to DFX meaning further investment and/or sales driving recovery else this limping from one suspension to another prompts a buyout to take it private and answer only to themselves. If they have the moral and ethical conscience that Haike have, then that would be very welcome. |
Posted at 09/7/2019 13:38 by 5h4k35p34r3 I can't see the owners BVT wanting administration. If that happened, the Directors' activities will be investigated by the IP. Should anything untoward be discovered they may face disqualification as Directors, financial penalties and personal liability for company debt. They lose control of DFX and DFX's assets become the responsibility of the Administrator who will sell them off to the highest bidder to settle with creditors, i.e. BVT could lose all of DFX's assets to any other software house that's interested.Administration is a bad dream for PIs as we will lose all of our investments but it's a nightmare for BVT who will lose the £millions that they've invested in convertible loans so far as well as potentially all of DFX's technical assets. It is in BVT's interests and control to return DFX to being a profitable company, hence their investments so far, as recently as March, the revamped website, the licensing arrangements with BVT to exploit their Italian defence industry contacts, etc. The accounts are late, again. When they're published they will be bad as they only go up to end-2018. What is needed is evidence of 2019 sales driving recovery and returning DFX to self-sufficiency and solvency. Otherwise, BVT will have to invest still further in DFX else lose everything, as will we. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
