Defenx Share Discussion Threads

[cragside] 23/8/2017 22:28

There are also issues in being dependant on a small number of customers for business. If one of these goes elsewhere, or wants better terms of trade, or even more extended credit then DFX is not in a strong position to refuse

[levkowitz] 23/8/2017 20:48

I think the concerns around trade receivables and capitalization of development costs are well known. But the cash flow is really not that bad and the company didn't have any problems to raise a 2MM from institutional investors at a higher price than what people sold for. The bond issue is well underway, too.

So this looks like slightly naive or panicked selling to me.

I wouldn't be surprised to see some 8/9MM revenue with minimal net positive cashflow for 2017. At this price it would be a steal.

[cragside] 23/8/2017 17:46

The company may show an increasing level of sales and profit. However the size of trade debtors, and amount of capital expenditure means that they will need more and more cash. A classic case of accounting profit, but cash flow loss as far as I can see.

[twistednik] 23/8/2017 16:57

Hmmm dropping like a stone.... any thoughts? Glad I held off making a purchase.

[eh9] 14/8/2017 10:37

This seems a stinker. Raising money every way under the sun diluting shareholders with no locked down reason for the money raising

[ga_dti] 10/8/2017 07:55

Defenx Plc (LON:DFX) CFO Philipp Prince and UK Bond Network CEO Christopher Maule talk about the seeking of up to £2m via UK Bond Network alongside a separate equity placing. Philipp explains why they chose the network over a more traditional route to raise equity, why this point in time and what the proceeds will be used for, while Chris tells us what attracted the UK Bond Network to working with Defenx and why this type of funding can better support a growing business.

[twistednik] 07/8/2017 09:10

Not too much of a discount and only 7% of share capital so dilution is minimal.

Can anyone explain the below?

"In addition, the Company has granted the Broker Option to WH Ireland so as to raise up to a further £450,000 before expenses in order to enable WH Ireland to deal with additional demand received after the closing of the accelerated book build process"

Does this mean they can issue further shares up to £450k after the book build? Is this likely to depress the price (or at least hold the share price back) as extra stock hits the market?

Any salient advice welcome!

[twistednik] 07/8/2017 09:07

Defenx PLC
("Defenx" or the "Company")



Proposed Placing and Subscription to raise approximately £1.37 million at 160 pence per share

Issue of Secured Convertible Bonds to raise up to £2 million



Defenx PLC (AIM:DFX), the cyber-security software group, is pleased to announce a proposed Fundraising to raise up to approximately £3.37 million (before expenses) comprising approximately £1.12 million under a Placing and £0.25 million under a Subscription by BV Tech at a price of 160 pence per share, and up to £2 million through the issue of Secured Convertible Bonds.



Highlights:



· Proposed Placing of approximately £1.12 million before expenses at a price of 160 pence per share

· Subscription by BV Tech for up to £250,000 at a price of 160 pence per share

· Placing being conducted through an accelerated book build process which will open with immediate effect following this announcement and is intended to close at 7.30 a.m.

· In addition, the Company has granted the Broker Option to WH Ireland so as to raise up to a further £450,000 before expenses in order to enable WH Ireland to deal with additional demand received after the closing of the accelerated book build process

· Proceeds to be used to accelerate the Group's growth plans, as further detailed below

· Placing Price represents a discount of approximately 13.75 per cent to the closing mid-market price of Defenx's existing ordinary shares of 185.5 pence on 4 August 2017

· Placing and Subscription Shares, assuming full take-up, will represent approximately 7.2 per cent. of the Company's existing issued share capital

· Further details of the Placing are set out in the appendix to this announcement

[still waiting] 07/8/2017 09:06

trying to develop the required tech. that others already have by the looks of it.

[its the oxman] 07/8/2017 08:57

Reasons are in the statement.

[wordog] 07/8/2017 08:21

Strange they didn't state the reason for the placing? Normally they specify what the cash is for, have I missed something?

I'd guess its to cover the integration costs.

[its the oxman] 07/8/2017 08:12

Bound to be down today but raising money to fire up further growth is not a bad thing. May add if gets anywhere near placing price.

[levkowitz] 05/8/2017 14:01

Anyone got an idea when the interim results will be announced?

[a2584728] 20/7/2017 12:41

Yes just added a few more

[its the oxman] 20/7/2017 11:34

Profit taking before a break of 200p.

[a2584728] 19/7/2017 07:52

Have you not read the analysts report ?

[big7ime] 18/7/2017 15:11

Haha, do they indeed?
"well respected in the market" I have heard some corkers, would you mind backing that up

[a2584728] 18/7/2017 10:23

Buying opportunity, 5% drop on very little volume, they need stock .

[a2584728] 17/7/2017 15:00

Next resistance looks like 220p

[a2584728] 17/7/2017 13:08

No brainier for me, I hold lots and will add more on any weakness, great company and well respected in the market.

[its the oxman] 17/7/2017 11:19

Going well. Hoping for a move through and consolidation above 200p. Very cheap and exciting sector so very possible. Just don't bet the house.

[glennrcharles] 17/7/2017 11:17

Everyone too hot to comment? Seen the price??

[a2584728] 13/7/2017 14:01

There is a broker note from WH Ireland doing the rounds with a target of 316p

[twistednik] 13/7/2017 13:26

Why the jump ?

[a2584728] 13/7/2017 12:25

Agreed 300p 6 months time