Defenx Share Discussion Threads

[lyndy] 11/1/2001 13:18

OH HI ITS ME AGAIN i AM SORRY I DIDNT SEE THE OTHER POSTS ON HERE MY PAGE HAD STOPPED AFTER THE NUNS ENTRY HOWEVER THE IMPUTS MAKE EXCELLENT READING IS ANYONE THERE NOW WITH ANY OPINIONS ABOUT DFX AS I AM DEBATING WETHER TO BUY BACK IN OR NOT. AS FAR AS I CAN TELL THEY LOOK AN EXCELLENT BUYING OPPORTUNITY

lINDY

[lyndy] 11/1/2001 13:13

IS THERE ANY REASON FOR DFX TO HAVE DROPPED SO LOW CONSIDERING THEY HAVE ANNOUNCED ABOUVE MARKET EXPECTAIONS

LYNDY

[kennethrich] 09/1/2001 09:13

TO ROLANDP

9 January 2001 IPO Community


Dataflex to report sales boom, but is it only short-term?

By Jon Mainwaring
Mon 8 Jan 2001


ELECTRONICS manufacturer Dataflex is expected to announce a significant leap in revenues and profits at its imminent half-year results thanks to huge sales of its SmartGem product which helps cut the cost of phone calls.

But Dataflex, which makes equipment enabling alternative telecoms operators to offer low-cost calls over existing telephone networks, needs to prove that it can develop other significant revenue streams in order to attract long-term investors.

A key client for £103m Dataflex, once part of Sir Alan Sugar's Amstrad empire, is gas and electricity supplier Centrica. In September it ordered £10m worth of the company’s SmartGem single line call routers – the product that accounts for almost all of Dataflex’s sales.

Centrica intends to have one million subscribers to its telecoms service by the end of 2001 in a market of over 20m homes dominated by BT.

Centrica gives Dataflex’s SmartGem routers to its subscribers so that they can use its network without needing to dial special access codes. The routers also allow Centrica to manage the services it provides to its customers.

The £10m Centrica order has helped boost house broker WestLB Panmure’s half-year revenue expectations for Dataflex in 2001 to £28m, with pre-tax profits of £7.2m. This beats Dataflex’s results for the full year in 2000, which were £25.8m in revenues and £5.62m in pre-tax profits. The 2001 half-year results are expected by early February.

But with no guarantee of future Centrica orders, WestLB’s forecast for the second half of Dataflex’s financial year estimates revenues of £20m, with pre-tax profits of £4.2m.

Hopes of long-term sales of SmartGem to other alternative telecoms providers are also far from guaranteed because of regulatory changes.

BT and other incumbent telecoms operators in most of the European Union are being required by law to provide rivals with routing into their exchanges making devices such as SmartGem unnecessary.

Analyst Tony Lavender at telecoms research group Ovum said, ‘It will become defunct where the routing systems in the local network are capable of dealing with all these services.

‘Where there still may be a market will be in second-tier countries like Greece, Portugal, and in Eastern Europe.’

Dataflex’s share price has suffered along with other technology stocks since its flotation in March, after which it soon hit a peak of 463p.

Its current price-to-earnings ratio of 12.9, assuming a tax rate on this year’s earnings of 30%, makes Dataflex look cheap for a telecoms hardware developer, although WestLB’s forecast drop in SmartGem sales does give some cause for concern.

Although Dataflex’s, chief executive officer, Jacob van Houdt concedes that the company’s reliance on one product probably explains its low share price compared with its profits and sales, he believes that ‘the unbundling of the local loop will give Dataflex other opportunities’.

As well as SmartGem, Dataflex has been developing other products and services. Its PrimeGem product, an ISDN call router, is targeted at large businesses, while MultiGem is an analogue call router similar to SmartGem aimed at small-to-medium-sized businesses.

Meanwhile, Dataflex is developing products that it says will give alternative telecoms providers access to GSM mobile phone networks, like BT Cellnet and Vodafone Airtouch.


It is also working on advanced call routing systems, which will enable alternative telecoms providers to enhance the service they give to their customers, and an automatic meter reading system which it intends to sell to energy and gas providers.

[kennethrich] 09/1/2001 00:43

dataflex near the end of jan has got to be worth a short term punt
as we keep on hearing that they will have good fig.
any one got any views
ps. look at sharecast today

[rolandp] 08/1/2001 16:58

Ken
The fundamentals on this co I think look good but the market obviously doesn't agree. What do they know that I dont?
What was on sharecast?
Roland

[the nun] 03/1/2001 20:36

More good news from Dataflex today!! With Interims due at the end of this month I feel January/early February should see a significant rise in the share price.

"Dataflex Holdings PLC
3 January 2001


DATAFLEX HOLDINGS PLC

PAXDATA ACQUISITION STRENGTHENS DATAFLEX'S BROADBAND OFFERING TO TELECOM
OPERATORS

Dataflex Holdings plc ('Dataflex' or 'the Company'), one of the leading
European suppliers of innovative voice solutions for alternative
telecommunications operators (ATO's), announces today the acquisition of
Paxdata Networks Limited ('Paxdata'). Paxdata, historically a developer and
supplier of conventional data communications equipment, is currently
developing a range of Integrated Access Devices (IADs) for connecting Small
and Medium Enterprises to Digital Subscriber Line (DSL) broadband access
networks. With the Unbundling of the Local Loop progressing throughout Europe,
IADs are key building blocks for ATOs to acquire business and residential
customers. Paxdata is an excellent fit with Dataflex's declared strategy
which includes becoming a leading supplier of broadband voice solutions and
the acquisition significantly accelerates Dataflex's introduction of IADs.

The acquisition of Paxdata is for an initial consideration of £1.37 million,
to be satisfied by the issue of up to 541,126 new Dataflex ordinary shares and
the payment of £0.5 million in cash. The agreement also provides for possible
additional payments up to a maximum of £1.75 million in cash and shares in the
same proportions as the initial consideration, conditional on the actual sales
achieved by Dataflex of Paxdata's products over the three years to December
2003. The cash element of the consideration is to be funded from existing
resources.

Application will be made to the UK Listing Authority and the London Stock
Exchange for up to 541,126 new Dataflex shares (depending on the closing
balance sheet), to be admitted to listing on the Official List of the UK
Listing Authority and to trading on the London Stock Exchange. Dealings in the
new ordinary shares, which will rank pari passu with the Company's existing
ordinary shares, are expected to commence on 31 January 2001.

The vendors are restricted from disposing of their shares in their entirety
for 24 months from the date of each issue or 42 months from the date of
completion of the acquisition, whichever is the earlier.

Reason for the acquisition

The Unbundling of the Local Loop provides a range of new opportunities for
ATOs, addressing in particular the Small and Medium Enterprises. The
relatively low cost, high speed, always-on internet access, combined with the
more valuable voice traffic, will improve the overall functionality and reduce
the costs for these businesses.

IADs are a key building block of the overall access solution in this
application. Paxdata, with its expertise of data communications devices like
ISDN terminal adapters, are well underway in the development process of these
IADs. It already has working products, based on proprietary protocols, that
will enable Dataflex to be among the first to market once the ultimate
standards have been ratified.

The combination of Paxdata's new products with Dataflex's other activities in
this sector will provide a comprehensive Voice over DSL and Voice over IP
solutions for business applications. Building on Dataflex's already strong
ATO customer base the enlarged Dataflex will be well positioned to exploit the
opportunities offered by the process of the Unbundling of the Local Loop.

Paxdata will be integrated into Dataflex's existing UK based subsidiary,
Dataflex Design Communications Limited, and Paxdata's management will be
retained following the acquisition.

Paxdata financials

Based on Paxdata's un-audited management accounts for the twelve months ended
31 March 2000, turnover was £198k, making a loss before tax of £81k with
negligible net assets as at 30 November 2000. Following integration of Paxdata
within the well established Dataflex engineering team and sales and marketing
channels, which should take approximately six months, the acquisition is
expected to be earnings enhancing.

Commenting on the announcement, Jacob van Houdt, group CEO of Dataflex said:
'We are extremely pleased to announce this acquisition. The products Paxdata
has under development will provide a crucial element to the overall solutions
Dataflex offers the ATOs who want to exploit the opportunities of the
Unbundling of the Local Loop throughout Europe.'

Jim Fitzpatrick, the founder of Paxdata, commented:
'We are very excited to become a key part of the overall Dataflex strategy of
offering attractive solutions to Small and Medium Enterprises by combining
fast Internet access with Voice over Digital Subscriber Lines'.



For further information:
Dataflex Holdings plc, Jacob van Houdt, Group CEO : 020 8710 1700
GCI Financial Group Limited, Richard Sunderland / Geoff Callow : 020 7398 0800"

All the best,

The Nun

[bangers for bucks] 13/12/2000 00:58

A press release from yesterday.

Current Press Releases
11/12/2000

Spanish success for Dataflex, Focus on European telecoms operators continues

Dataflex Holdings plc, ("Dataflex" or "the Company"), one of the leading European
suppliers of innovative network solutions for alternative telecom operators and the
European market leader in the supply of call routing solutions for the residential and
SME sectors, has received orders from Uni2, Spain's third largest
telecommunications operator, worth in excess of $1 million. The contract
emphasises the Company's continued focus on European markets and takes the
total value of Dataflex's business in Spain to over $1.5 million.


Uni2, one of the leading competitors to Telefonica (formerly Spain's State operator),
has placed initial orders for Dataflex's SmartGem call routers and the GemManager
Dialler Management System following a technical and commercial evaluation
arranged through Dataflex's local telecoms agent in Madrid. The decision to select
Dataflex's call router solution was based on its high quality and reliability together
with the locally based support and management services. These orders are to be
delivered over the next 12 months, and are in line with expectations.


Uni2, partly owned by France Telecom, is the third largest telecommunications
operator in Spain, and also owns a 75% stake in al-pi, another Dataflex customer
operating in Catalunya, Northern Spain. Forecasts from Uni2 indicate that to meet
their market demand, orders for business call routers will grow throughout the year.


Jacob van Houdt, CEO of Dataflex commented on the deal: "Dataflex has placed a
good deal of emphasis on the Spanish market over the last year, and with our local
partner we believe we have built up a solid support capability there. We continue to
search for new markets for our products and are delighted with these latest orders
from Uni2, a key player in the Spanish market, and to whom we are proud to be a
supplier."


According to Mr. Aurelio Montaño, director of the Uni2 Enterprise Division, "Uni2 has
decided to use call routers as a way of continuing our expansion here. Dataflex
delivers a robust, scalable system, which will enable us to offer accurate and flexible
call routing and a high quality of service to our customers. We use SmartGem and
by outsourcing the GemManager system to the local agent, we make sure that the
installed base of call routers is monitored and managed to help us maintain our high
level of service."

just found this on iii bb.

[rolandp] 12/12/2000 13:36

IMHO this co is great value at this price. I bought some more yesterday.
Roland

[apsoo] 08/12/2000 13:44

Furthermore, in the statement the company says the interims for the period upto 31/12/00 will be released towards the end of January.That is incredibly quick, Isn't it ? It cannot do the share price any harm from these levels.They are a snip in my view.

[apsoo] 08/12/2000 13:40

nig 295 - you say you have gone long on this one.Does this mean you can "Spread Bet" this stock ?

[bangers for bucks] 08/12/2000 09:09

nig 295 are you still long?

[the nun] 06/12/2000 20:36

Have a read at the interview below, it puts a bit more meat on the bones of the trading statement issued yeaterday.

INTERVIEW: Dataflex Holdings expects H1 pretax of 7 mln stg on 28 mln revenue
AFX News UK (Extel) - 12/05 09:20
LONDON (AFX) - Dataflex Holdings PLC should make a first half pretax profit of about 7 mln stg on half year revenue -- at about 28 mln stg -- exceeding that recorded for the whole of the last fiscal year, its chief executive said.
Jacob van Houdt told AFX News that he was confident that the figures --
predicted by house broker WestLB Panmure -- could be delivered. Last year's revenues amounted to 25.8 mln stg, with a pretax profit of 5.6 mln.
The first half figures finishes on December 30, and van Houdt said that the
order book for the last month of the half is full.
The better-than-expected performance, he explained, is entirely down to the
contribution of the company's work with Centrica PLC. "The Centrica contract is
in addition to our expectations," he said. "We haven't incurred extra overheads so it feeds straight through to the bottom line."
The 10 mln stg Centrica deal is to supply single-line routers for the
company's consumer telecoms offering, allowing its customers to route all their calls onto Centrica's network and off BT's.
But he warned that figures for the full year will now probably be in line
with revised expectations. "This is not forever, these kind of percentages," he
said. "I don't think it will influence expectations [for the full year]; we're
making it clear that the next six months will be in line."
The success of the Centrica contract is swinging the balance of revenues
further in favour of the UK over Europe, van Houdt said.
"Last year it was about 70-30 in favour of the UK over continental Europe,
and we'll struggle to achieve the same," he said. But the 1.3 mln stg in new
contract wins in Portugal, Poland and Spain may help to offset the Centrica
effect.
jsj/mkp



Taken from www.hooversuk.newsalert.com/bin/story?StoryId=CoIWWabCcmteWm

All the best,

The Nun

[nig295] 06/12/2000 09:50

Went long yesterday, staying that way today. Should continue up for a while, nice start to the day.

[the nun] 05/12/2000 22:02

Have a look at the trading statement below from Dataflex, another profit making tech company, the European leader in their field, that has been savaged, undeservedly so, along with other, non profit making tech companies.

5 December 2000

Dataflex Holdings plc
("Dataflex" or "the Company")

Trading Statement

Dataflex (LSE: DFX), one of the leading European suppliers of innovative
network solutions for alternative telecommunications operators, announces that
it expects the interim results for the six months ending 31 December 2000 to
exceed market expectations.

This is as a result of accelerated deliveries for the Centrica contract, which
was announced on 7 September 2000. This contract, which has a sales value of
£10 million, is for the supply of Dataflex's SmartGem single line managed call
routers and a range of services. These include call router management, using
the GemManager platform, as well as dispatch and fulfilment services.

Dataflex continues to explore opportunities in new markets and initial
contract wins, with a total value of £1.3 million, have been signed with
alternative telecommunications operators in Spain, Poland and Portugal.

It is expected that trading for the second half of the year ending 30 June
2001 will be in line with market expectations. The interim results for the
period ending 31 December 2000 will be released towards the end of January.


For further information:

Dataflex Holdings plc: 020 8710 1700
Jacob Van Houdt / Martin Byrne

GCI Financial Group Limited: 020 7398 0800
Richard Sunderland / Geoff Callow


END
TSTDZLFBBLBBFBQ

The Nun