Share Name Share Symbol Market Type Share ISIN Share Description
Defenx Plc LSE:DFX London Ordinary Share GB00BYNF4J61 ORD GBP0.018
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.60 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.50 2.70 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 1.28 -3.41 -13.85 1
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.60 GBX

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Defenx Daily Update: Defenx Plc is listed in the Mobile Telecommunications sector of the London Stock Exchange with ticker DFX. The last closing price for Defenx was 1.60p.
Defenx Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 4.25p while the 1 year low share price is currently 0.40p.
There are currently 38,708,894 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Defenx Plc is £619,342.30.
5h4k35p34r3: 1. With the main aid of amortising against development intangible assets the loss has been limited and reduced to 29% of 2017's, but that's just creative accounting. 2. The massive and various cost reductions are very welcome. 3. The new development and Cloud investments are encouraging and demonstrate a clear product roadmap stretching into next year and beyond. Those need to generate sales to make Defenx solvent again. 4. Tony Reeves' annual remuneration increasing from £30k to £90k is galling - it's difficult to see what he actually does. 5. BVT's connections to the Italian defence and space industries are key. 6. BVT's commitment to keeping Defenx listed on AIM and turning the company around via loans. distribution agreements, utlising its connections in Italy, etc., is unwavering. 7. £11.5k worth of buys raise the share price by 22.5% then one sale of just £610 reduces it by 6%. Baffling.
5h4k35p34r3: 7Digital Group PLC posted late accounts last year and are operational. Premier African Minerals. Mineral & Financial Investments. DFX did indeed do this last year but responded by BVT investing a further €1m, redesigning and re-launching the DFX website, entering into partnership arrangements with various affiliates and entering into an agreement with BVT to sell DFX's products to BVT's customers like the Italian defence industry. And the share price recovered as a result. The share price will make a sustained recovery if DFX shows that it is selling its products and services so is independently solvent. We know the next accounts only go up to end-December 2018 and will be bad so recovery is dependent on whether the RNS that accompanies them has any vision / commitment or not.
5h4k35p34r3: I don't think honesty nor fairness come into it. If BVT buy out the remaining shares then AIM rules require that it is at the highest share price achieved over the previous year. Currently, that's 13.5p, achieved on 2nd November 2018 so a buyout up until November will cost BVT circa £1.58m. Considering BVT's latest €950,000 loan plus annual AIM listing charges of €234,000, BVT are reaching the point where a buyout may be preferable to pumping even more money into DFX. All of their RNSs though suggest that they value being AIM-listed and want to deliver shareholder value, but talk is cheap... After November though, the highest share price collapses further making it even cheaper to buy out. I remain suspicious as to how so many healthy buys have not improved the share price whilst so many pocket money sells have immediately devalued the stock. Haike was an exception, perhaps fuelled by it being a profitable business so able to finance the buyout. BVT own 67.1% of DFX and cannot delist without 75% shareholder support so would need to make an offer to remaining shareholders to permit delisting. I think administration is unlikely as BVT lose control and potentially loss of their investment and DFX's assets. So, BVT are either strategically committed to DFX meaning further investment and/or sales driving recovery else this limping from one suspension to another prompts a buyout to take it private and answer only to themselves. If they have the moral and ethical conscience that Haike have, then that would be very welcome.
newtothisgame3: DEFENX Share Price - DFX Share Price - Stockopedia Rating: 6/99
wordog: We have to also remember that most original shareholders will have high averages in their current holding prior to applying for open offer shares. Especially considering the previous share price being above 200p at one point. Most of them will not be in profit at this current share price. If you take an example of someone buying 10000 at 100p, they will only be eligible for 1/3 (3333) on the open offer and 29% of excess. It's likely that their average will be around the 50p mark. Is that worth flipping for a reduced loss? Or holding for 50-80 on buy out or operational turnaround?
twistednik: Relieved I held off investing. Trading update is pretty shocking and without quantifying the slippage, it leaves investors guessing how bad this is. Certainly doesn't help to put a floor under the share price. I would take a thorough look at the revenue recognition policies of this business before investing (i.e. do they book revenues up front with the costs incurred afterwards, hence inflating profits?). When does cash come in relative to Capitalised Dev spend? I don't know the answers but worth investigating and taking 'EPS' with a pinch of salt. My previous concern was around scalability and cash flow... and would need to see some signs of recovery before looking at this one again.
twistednik: 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!
addict: Small tech stocks are getting re-rated...even the ones with no isn't it about time the share price of this one moved up in sympathy?Still capped at less than net cash.DYOR.
the jitters: 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: Nah Stew, your view is far too pessimistic. Check out the companies RNS remarks over the past year or so, this turnaround in H2 was hinted at if you look. Its also hard to suggest a huge improvement in revenue is a fluke when the markets are so bloody tough, specially in their sector! After their trading update which was basically a warning only a month after a reasonable update, about 12 months ago, you can understand the company being a bit cautious with its forward guidance as I doubt those previous remarks went down well in the city. DFX is without doubt decently run, that can be seen by the quick turnaround after the business got into difficulties. As wild cat says, the share price might drift for a while but without doubt this should give us a good chance to accumulate. Personally I just cant see why the share price is lower than it was before the H2 results given their cashpile which is greater than cap. with zero cashburn. You watch, just to show how odd the market can behave, you watch KSS issue dire results resulting in the share price going on a flyer! I can just feel it! LOL Phil Phil
Defenx share price data is direct from the London Stock Exchange
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