Defenx Share Discussion Threads

[the jitters] 03/12/2002 02:34

Small NMS, so by my reckoning we could have some BIG delayed transactions dropping out for up to 3 days. No way the trades reported today accounted for the rise, specially as it kept ticking up throughout the day rather than just a single spike.

Question is however, who is buying and what do they know??? If something is going on behind the scenes, it would explain the very abrupt responses from the company when myself and a couple of others have mailed them recently asking for direction!

Phil

[hugepants] 03/12/2002 01:56

Yep, just logged on and frankly thought my monitor had broken. DFX never goes up! Growing, breakeven business now valued at cash in bank so not exactly over-valued.

[guyclayton] 02/12/2002 21:05

Somebody knows something, because this share hasn't budged for bleeding ages and the transactions today do not explain the rise. Will watch with interest.

[raj13] 02/12/2002 18:57

Can anyone please explain what threads really mean and how it works.I would be greatfull.

[wild cat and pussy] 02/12/2002 17:59

neglected this share for some time. just saw 14 posts since i last read. Still holding. volume was up today and results are proably due soon - this may explain today's rise. anyway very pleased. i bought after the finals and belive that there is value here plus a business with huge potential upside for which the city is giving it no credit

[vegrqbvgt4e] 02/12/2002 17:46

What's with the rise ?

Anybody have any news ?

[trevorb] 02/12/2002 14:32

Hmmm... What sort of recovery can DFX hope to have with only 1 real customer?
They have closed down all the bought companies, have no salesmen and are
just treading water waiting for dialers to come back in to fashion. Which with
Customer Pre-Select (CPS), will be like...Never!!

[bangers for bucks] 02/12/2002 13:12

Back in hopeing for last decembers rise again.

[the jitters] 28/11/2002 14:17

Funnily enough, I was thinking along the same lines Martin!

I note a hint of sarcasm in your remark about Van Houdt, was this who you contacted 2 years ago?

Phil

[martin c-j] 28/11/2002 13:32

Phil

Unfortunately, DFX have a long history of poor PR. I remember pointing this out to them 2 years ago. My guess is they want the share price low so they can do an MBO for peanuts. Good luck with Van Houdt.

Martin

[the jitters] 28/11/2002 13:07

No reply waiting for me this morning, which doesnt surprise me too much.

You dont happen to have the e-mail address for the Van Houdt do you? I think it might be time to talk to the organ grinder ;o)))

Also, do you have any knowledge of how he or Jobson came by their share holdings as I can find no RNS announcements relating to purchases or option grants etc.

Phil

[hugepants] 28/11/2002 07:29

Phil

Well done. You've just motivated me to do the same! Maybe I should be aggressive as well. Threaten to send the bouys round if he doesn't start being a bit more forthcoming.

[the jitters] 27/11/2002 23:07

I sent this to the company today and got a reply from Brian Jobson the company secretary, which said absolutely nothing except the usual "we cant discuss etc and pointed me at the annual report". Not content with this flimsy response from someone who owns 8.69% of his company, I fired off a second slightly more aggressive reply (not like me at all LOL). I'll let you know what his response is, if/when I get one.



Dear Sir,

I've been a shareholder in Dataflex since the early part of this year, and
bought into the company as a bright recovery prospect based on their
previous good record and innovative solutions for the future. You can
therefore understand my dismay when I see the share price languishing at its
current levels.

Most importantly, I am keen to understand why the company fails to promote
itself through interviews or news releases to the city? A quick glance at
your website reveals an interesting product release this month, but no RNS
announcement telling the city, and hence potential investors of this fact,
the net result being the company is ignored by investors. The most recent
set of results showed a tremendous turnaround in the business, which is to
be congratulated, but without self promotion all this hard work is not
reflected in an increase in share holders value.

Its worth noting that some Dataflex directors also have substantial holdings
in the company, making it even more difficult to understand why shareholder
value has been allowed to continually deteriorate to level it currently
finds itself.

I would be most grateful if you would give me some indication as to how and
when the company will address this important issue, along with some
indication of how the company is progressing on sales of its new products
and general prospects for the future.

Many thanks





Hi Brian,

First of all, thank you for such a prompt response.

I must say I'm rather disappointed however in your response. Whilst
appreciating that there are certain rules by which you must abide, your
response didnt tell me anything at all. It also failed to address the
question as to why Dataflex refrain from issueing trading updates to the
market. If you spend a little time checking the RNS announcements of many UK
listed companies, its obvious that RNS is used as a means of communication
between the company and its shareholders, DFX however report their results
twice a year and little if anything else. Clearly if Dataflex were
forthcoming with information, private shareholders wouldnt feel the need to
interupt you with such questions.

As a holder of 8.69% of the issued share capital of Dataflex, surely you
must be as disappointed as myself in the current disinterest shown in the
future prospects of our company by the city, specially when one considers
its actually valued at less than its current bank balance. What I am really
interested in, is what Dataflex management are planning to do with regard to
addressing this issue. If you feel unable to answer this question directly
without contravening the listing rules, perhaps a public statement may help?

Regards



Anyone got any thoughts? Getting a bit fed up now with holding a stock so awash with cash and seeing a dead trade log everyday and a languishing share price.

Phil

[the jitters] 19/11/2002 12:58

Nothing major, but a small gaggle of buys showed up today and pushed the ask up a fraction. They look like private buys to me, so perhaps its a few early birds ready to get another overlooked tech bandwagon rolling.......and not before time too! LOL

Phil

[the jitters] 14/11/2002 02:04

Oops........must improve my speed reading :o)

Phil

[hugepants] 14/11/2002 02:01

Jitters, I bought on 12th so you'll have a long wait!

[the jitters] 13/11/2002 17:53

Not showing on the log yet which is interesting.

I agree with your sentiments by the way, and have held for some time. Wouldnt mind it staying down here for another couple of weeks though as I fancy a few more but waiting for a couple of trades to finish first.

Phil

[hugepants] 13/11/2002 04:27

Why is this share still so darned undervalued?

Has the Techmark not risen 25% in the last few weeks.

Bought yet another 9K yesterday

Pants.

[hugepants] 09/10/2002 04:44

Sold out after the rise after results but bought some again recently at just over 16p. With 21p cash and strong forward order book looks very safe.

[wild cat and pussy] 01/10/2002 16:02

Phil,
it could be a buy as there was a large line sold not so long ago.

[the jitters] 01/10/2002 15:44

490k trade just gone through on the bid.......priced as a sell but price has held firm so can only surmise its a swapsie of some description.

Phil

[wild cat and pussy] 18/9/2002 07:35

Ashley,
the balance sheet is extermely clean. The share price is at a discount to net cash and therefore the busienss is in for free. several points on the business:
1) significant losses in H1 last year were reversed in H2 by swift mgt action to reduce costs and grow the revenue (£8m in H2). Mgt has continued to mainain tight control over its costs.
2) Dfx has potential in its telecoms offerings, VOIP equipment, which could be large money spinners. It is surprising that the mkt gives no value for its technology.
3) director shareholdings aligning co,performance with value of dfx.
4) A relatively large sale went thru recently and this may hold back the price until this is cleared.

As Phil pointed out, in the s-term, a quick buck is unlikely in dfx. However, there is evidence of a well-managed company with strong cash backing and significant upside in the business. I liken the potential to that of the impact on amstrad when it had some of its more successful product launches - the price multiplied several times.
I bought after the final results and have put these in the long-term fund and will buy more over time.

[the jitters] 17/9/2002 14:48

I paid 20p for recovery ages ago. The company has since turned a disastrous set of results into break even in just 6 months and in a poor trading environment. I personally think that warrants slightly better treatment by the city than to trash the share price again which is what it has done.

One things for certain ashley, with a market cap of less than cash with zero cashburn it sure aint going bust in a hurry!

Chairmans comments after the last results look cautiously optimistic, but reading between the lines I feel he was being overly cautious after their statements a year before hand bit them so badly.

Its your money Ashley, but risk/reward profile looks good. Might need some patience though.

Phil

[mr ashley james] 17/9/2002 01:26

Is this worth looking at comments please?