Defenx Share Discussion Threads

[the nun] 29/1/2001 23:01

By the way,

For those who reckon the price will hit 30p,

GET REAL!!!!

There are 68,366,033 shares in issue, at 30p this values the Compant at £20.5 MILLION, they have cash of £20 million and assets of £29.219 million and a 6 month profit of £7.612 million!!

The sell off has been overdone

The Nun

[the nun] 29/1/2001 22:47

Despite the warning that 2nd 1/2 profits would be significantly lower than expectations they are still expected to be above those suggested at the time of the IPO and as yump suggests taken in line with the massive over performance in the 1st 1/2 the P/E ratio is still under 10. I for one and hanging on,

The Nun

[yump] 29/1/2001 17:40

Er..they have had new products in development for some time now and have been getting initial sales of their existing one in markets which are now opening up.

All companies have to develop new products and markets otherwise they die.

They have a current sales problem - that does not mean they have a future sales problem. They must be reasonable at managing otherwise they wouldn't have done so well with the current product.

Annoucement-wise, tech companies are on a hiding to nothing at the moment. They have to report faultless figures and statements.

The full year say at 10p gives them a p/e of under 10.

Given the current 'glass half empty' approach of the market towards any sort of profit worries, it is probably important not to get too pessimistic.

Plenty of investors have been selling out of other companies at the bottom, where the bottom was a gross overreaction, only to see the price recover 40 + %.

Suits the shorters only if investors panic.

[dvda] 29/1/2001 17:14

Judgement - I think you've pretty much hit the nail on the head. They are in a position now where the second half of their year is going to be disappointing, with no sign of things improving next year. They need to either start selling into new markets such as eatern europe or south america, or develop new products.

The big question is how soon can they acheive this. Until that becomes a little clearer I can't really see them recovering too much.

[mnouman] 29/1/2001 16:24

I honestly don't think it will go down to 30p like you suggest. The current price of 78-80p looks like a support base as the price has not fallen considerably sine the initial 35% fall last week. Even the trading volume has increased which clearly shows that recovery could come any time once the confidence comes back and the fear goes. They do say fear and greed makes the market move, so come on guys just be patient and wait for the recovery. Dataflex is a fast increasing company and this can only mean that buying at this low price will make fast profit! Good luck and I bought 5000 shares last week and I am not panicking!

[judgement] 29/1/2001 16:03

The directors seem to have suffered a sharp opinion reversal regarding the prospects for the company. The results really couldn't have been presented in a way more likely to drive down the share price. Very strange!

It appears (at least at this stage) that there has been considerable indecision over the future product portfolio of the company. Now they are in a situation with their one significant product at the end of its life, with no established replacement. I would therefore think they are likely to become loss making in the near future.

Until they come out with some fairly positive statements regarding future product plans, and produce some evidence of sales oportunities, it seems likely that the share price will continue to decline. If there is no good news within the next 6 months, I would personally expect 30p. Investors will be very reluctant to get back into a company where the senior management have shown such incompetance.
DYOR, etc.

[lyndy] 29/1/2001 15:34

what on earth is happening with dfx?
Has everybody bailed out or is anyone hanging on in? Does anybody know any really bad news to have made the share price half and if so would you be kind enough to share it with me? I have invested a fair amount in this company as it seemed to have excellent results and the company seemed to have a positive outlook regardless of their advisors opinion. As it stands now I am losing a great deal as I am sure some of you must be.

[eventure] 26/1/2001 14:32

crashed and burned.............

[brucy] 26/1/2001 09:33

Any thoughts on wheather this share is further diving or doing a slight recovery?

[abbo64120] 25/1/2001 21:44

I think the silence speaks volumes....... unlike the buying activity!

[vm creative] 25/1/2001 15:28

well what did he have to say for himself.

[penived] 25/1/2001 11:52

CEO is on bloomberg small caps focus now 11:50

[biomax] 23/1/2001 16:21

1 quid, oh dear, dear

[taimur] 19/1/2001 08:35

well, came out yesterday at 1.57, went back in again this morning at 1.60.

Very successful, went off and bought BHM instead and just netted a 12% gain to come back into DFX with.
Still holding MONI to creep over the £8.00 mark before too long.

All buys this monring 72,000 so far. Not heavily marked up fro the start so still some potential for this one to move up into the mid-1.60s today.

Taimur

[taimur] 19/1/2001 00:06

Further movement and activity today, but few volume trades, mainly small punters.

However, quite a flurry over the past hour has moved the price to 147/148 . If a bit more interest happens then it should move above 1.50.

2 x 25,000 buys have gone through in the past 20 minutes at the ask.

Could be interesting.


Taimur

[taimur] 18/1/2001 19:57

To be honest I took the profit and went straight back into MONI (my favourite share) at just under 7.30.

There was some keen profit taking at 157/160 and I'm not one to buck a trend :o)

Back down to 152/153 and I'll be back in providing there is sufficent support to not let it drop below 1.50 again.

Still reckon it will climb over the next few weeks.

Lots of Volume Accumulation before Xmas and the prioce never rose. It should now.


Check out the Technical Market Scan on the following link.



Taimur

[paulm1] 18/1/2001 19:51

Still BLM rising and DNK should come good just have to wait and see.

[paulm1] 18/1/2001 19:49

Taimur I wish I had sold blm,dnk taken the loss and got on dfx why did barclays give me such a low trading limit.Buy the time my new account kicks in it will be too late

[taimur] 18/1/2001 13:41

And don't say I didn't tell anyone.
Major revaluation in the space of a few hours.

Was 1.43/1.45

Now 1.57/160

And still rising. Should stabilise in the mid- 1.60s

Taimur

[taimur] 18/1/2001 13:18

And there she pops. Moved up sharply to 152/155.

As this is well oversold and results which are known to be good to be announced shortly, could prompt some bigger interest and make a move back into the more stable 165/167 range.

One to watch quietly as it moves closed to its interim results.

Taimur

[smyth] 18/1/2001 00:57

I have taken a punt at 1.45 watching for something to happen ???

[vm creative] 18/1/2001 00:41

Alot of buys going through at the moment something about to happen???

[vm creative] 17/1/2001 09:55

I also brought in at what I thought was a low price (£1.70) not so good now.

[vm creative] 17/1/2001 00:50

What is wrong with this stock it seems to just get dragged down for no reason.

[lyndy] 16/1/2001 20:25

well I bought in bought it has gone down every day since seems so strange with such a published report