Defenx Share Discussion Threads

[barnetpeter] 16/7/2018 14:24

On 6 April 2018, Defenx (AIM: DFX) announced proposals to raise GBP1.2 million (gross) (approximately EUR1.38 million) by way of an issue of, in aggregate, 14,962,899 New Ordinary Shares at a price of 8 pence per New Ordinary Share, further details of which were set out in the circular dispatched to Shareholders on that day (the "Circular").

The Fundraising, comprising a Subscription of 10,564,676 Subscription Shares and an Open Offer of 4,398,223 Open Offer Shares, was conditional upon, inter alia, the passing of the Resolutions at the General Meeting.

Commenting on this announcement, Tony Reeves, Chairman of Defenx said:

"We are pleased to have today finalised the Fundraising, which we believe was the best opportunity available to the Company to allow it to continue trading and start to implement its new Defenx 2020 strategy. We would like to thank our shareholders for their support in the Open Offer and we look to the future of Defenx with confidence."

[a2584728] 16/7/2018 06:20

Someone should be looking into the BOD. All very very wrong

[quidzinn] 29/6/2018 16:09

Don't tell Skidmore ... she thinks it's gonna fly ..... lololol

Q

[levkowitz] 25/6/2018 22:33

Fingers crossed, indeed.

[wordog] 25/6/2018 20:15

Big week, annual report and final results due.

Fingers crossed that the smooth outweighs the rough. BVT have been so quiet they must be putting all the news in a single release.

[levkowitz] 17/6/2018 10:50

The results need to be out by the end of the month by AIM rules. Not that it would be the first company to be suspended from trading for failing to present result on time.

I guess, there are some things - presumably with revenue recognition - that causes headaches in the audit. I have seen a job ad for an non-exec to head the audit committee somewhere. So, I'd imagine they want the CFO to see it through and the hand over to someone else.

The actual results will almost certainly be pretty ugly. But that's why it trades at the current price.

[jas0701] 17/6/2018 00:41

How does Defenx compare to Tern?Any similarities?

[jas0701] 17/6/2018 00:39

When will the results likely to be out roughly?

[levkowitz] 14/6/2018 15:35

A lot of volume traded the last 30 days. I wish I could trust everyone following the position disclosure rules.

I've added some more of these. Let's see what happens when the results are finally published. I guess they won't be pretty, but at least that should be behind us then.

[levkowitz] 14/6/2018 15:35

A lot of volume traded the last 30 days. I wish I could trust everyone following the position disclosure rules.

I've added some more of these. Let's see what happens when the results are finally published. I guess they won't be pretty, but at least that should be behind us then.

[cudmore] 13/6/2018 10:56

These are primed for lift off! Someone is hoovering these up for a reason. Anyone selling just allows them to buy on the cheap. HOLD for the rewards that are obviously coming!

[onceatraders] 12/6/2018 11:45

There is a large hidden buyer using two of the market makers here to buy. They cannot get enough stock to feed it, hence they are trying to lower the bid every day to entice or scare the holders into selling. IMO BV is building a stake to 75% before offering to buy out existing holders. Remember the official take over rules dictate offer to be at 52 week high. Therefore buying on the extra 25% on open market at current price is essential. With roughly only 13m in free float across the company, it will not be long before you see the end game. Hold for the big pay day - 52 week high was 200.50.

[cudmore] 04/6/2018 11:01

Take a look at MYN. Amazing RNS but the market hasn’t woke up to it apparently. Multibagger in the making

[turbotrader2] 04/6/2018 10:54

It's just a matter of time

[5h4k35p34r3] 04/6/2018 09:42

I suspect it's BV Tech. If they achieve 90% then they can compulsory purchase the remaining shares of all minority shareholders and take Defenx into private ownership.

[petebarnes1] 04/6/2018 08:56

agreed cudmore

[cudmore] 04/6/2018 08:23

The way the mm’s were behaving on Friday i’m certain there is a huge buyer in the background. They clearly didn’t want to sell. Buy snd hold what you can below 30p imho.

[petebarnes1] 01/6/2018 18:16

good call turbo today !! roll on more next week please

[cudmore] 01/6/2018 14:05

Yes I get that feeling turbo. Their loss!

[turbotrader2] 01/6/2018 13:48

No one listening unfortunately

[cudmore] 01/6/2018 12:47

27p TO BUY!!! She’s going to take off!!