Defenx Share Discussion Threads

[a2584728] 03/10/2017 11:50

And a few more, building a nice little position, average well down now.

[a2584728] 29/9/2017 09:42

Took a few more.

[a2584728] 28/9/2017 11:37

I think this is a well run business but the CEO needs controlling. Why announce that before the II presentations

[zipstuck] 28/9/2017 09:41

Hope this is not another Fusionx

[a2584728] 27/9/2017 17:11

I wouldn't be surprised to see a lot of buying at this level tomorrow after tonight II presentation. Others to follow over the coming weeks

[scrutable] 27/9/2017 11:50

AIM Investors seem to ignore good marketing plans and investment driving sales growth, They tend to focus on debt and fund raising. In the DFX case revealed today revenue is " .....up 35% to €3.13 million (1H16: €2.32 million)" driven by the impressive effects of choosing, winning, and motivating several new channel partners.

"...... Underlying revenue growth, EXCLUDING the impact of both Memopal and sales incentives, was 45%" - ie overall it was even higher.

Thus the new channel partners of which two had not kicked in by the end of H1, produced £1.3m increase in sales, yet were only operational for part of the period.. Expect therefore much more than that 35% increase in H2, which will be stronger in any case.

These results are extremely good and are forward looking in a favorable business climate as the new EU "GDPR" (General Data Protection Regulation)comes into force.

Most Sales Directors would expect a pat on the back for an increase in turnover of this magnitude just a few months into the new sales campaign.

[levkowitz] 27/9/2017 10:57

I am not sure I see much of a problem with this deal.

The numbers don't look terrible to me either. If it follows the trend of previous years, we would see 9-10MM EUR in revenues for the year with some fairly small loss or profit.

The company has just demonstrated that it can raise cash at a higher valuation.

Let's see what we'll hear tonight. I'm hopeful that there will be positive press coverage.

[henryatkin] 27/9/2017 09:43

Could be a long wait A2584728. I've decided I've got better places to hold my cash until the long term becomes clearer. I had such short/medium term hopes for this as well. Can't win them all - I'm out.

[a2584728] 27/9/2017 08:47

I have just added a few more dont see this as a real sue going forward.

[zipstuck] 27/9/2017 08:44

No guarantees of anything and if held in house will be at reduced margins against competitors. BV are hedging their bets.

[a2584728] 27/9/2017 08:43

Ok read it properly now, why say this the morning of the II presentations??

[a2584728] 27/9/2017 08:41

I don't see what's so bad about this deal? Am I missing something?

[zipstuck] 27/9/2017 08:14

And a spurious deal with its major shareholder

[zipstuck] 27/9/2017 08:09

So now we know why they need the bond raising

A profits warning for the second half

[a2584728] 21/9/2017 15:20

And investor presentations next Wednesday so price is accommodating for them.

[scrutable] 21/9/2017 15:16

Nearly all buys today. Poor liquidity but share price trend channel rising at 88%/pa through all of 2017.
SP now recovering from trend channel low point ahead of interims due next Wednesday.
Forecast suggests revenues nearly double last year. Nice to look forward to.

[a2584728] 20/9/2017 08:49

Is that the seller done?

[a2584728] 07/9/2017 09:30

That's why the price was dropped to let II in at low price

[a2584728] 01/9/2017 10:41

That dip should put the market makers in front now having taken most of the EIS stock at a premium

[a2584728] 01/9/2017 08:24

I think the overhang Of EIS stock may have been dealt with

[a2584728] 29/8/2017 14:10

EIS traders should be done by now so that 316p target by WHI should start to gain some traction.

[levkowitz] 24/8/2017 10:38

I don't think the free cash flow is that terrible. It was just about 1.5MM GBP 2016 and the company just demonstrated it can bag money from institutions.

I think the management, Philipp Prince in particular understand the concerns we all share and I have some confidence this firm will deliver some free cash flow in the not too distant future.

If the market agrees is of course a different question :) I'm pretty hopeful we'll see much higher levels once the trading statement comes out.

[twistednik] 24/8/2017 09:41

Crags - completely agree.

It's clear from the brokers notes that this is the case. The ol' capitalisation of development costs trick enhancing profit but leaving you with no cashflow. The debtor cycle is also a concern.

What I quite like is the scalability - at some point, whilst dev costs appear more fixed, once turnover passes a certain threshold, this will start dropping straight to the bottom line and real profitability will increase very quickly.

That's the time to jump on board imho ! The benefit of operational leverage will be substantial...

The trouble is I'm not sure when that will occur or how quickly!? Difficult one to call.

[wordog] 23/8/2017 22:44

And don't underestimate the technology integration costs, that will be significant. They have recently acquired packages from 2 other companies and looking to bund the lot together into an integrated service.