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  6. Defenx Plc (DFX)

  7. Defenx Plc (DFX) Share Price

DFX

Defenx Plc

1.60
0.00 (0.0%)
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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
Upgrade Icon
  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
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.60 GBX

Defenx (DFX) Latest News

Real-Time news about Defenx Plc (London Stock Exchange): 0 recent articles

Defenx (DFX) Discussions and Chat

Defenx Forums and Chat

Date Time Title Posts
10/12/201910:53Defenx PLC1,084
09/4/201910:31INTERVIEW: Defenx Plc & UK Bond Network28
23/5/200706:59DATAFLEX - Now at BreakEven and Valued Below Net Cash127
29/7/200212:04Circa Ј20m cash ......Mkt Cap circa Ј12.5m150
18/11/200123:11ITK Wed, TAD Thurs, TOA Friday, DFX Monday 30%++??2

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Defenx (DFX) Most Recent Trades

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Defenx (DFX) Top Chat Posts

Top Posts
Posted at 04/12/2019 14:50 by tomboyb
End game -

3p per share from a mid low of 0.30p -

10 bags -
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Posted at 04/12/2019 14:49 by tomboyb
The terms of the Exit Opportunity are:

-- a purchase price of 3 pence per Ordinary Share (representing a 253 per cent. premium to the closing mid-market price per Ordinary Share on 3 December 2019, being the latest practicable date prior to this announcement and a 8 per cent. premium to the 3 month VWAP per Ordinary Share on 1 November 2019, being the last practicable date prior to announcement of the Cancellation);

-- the Exit Opportunity shall remain open from 7.00 a.m. on 4 December 2019 until 1.00 p.m. on 6 January 2020; and

-- any sale of Ordinary Shares by Minority Shareholders will be free of trading costs to the seller applied by the Receiving Agent or WH Ireland on behalf of BV Tech or the Company, which will be borne by BV Tech.

Enquiries
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Posted at 04/12/2019 14:48 by tomboyb
3p per share!!
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Posted at 29/8/2019 14:51 by wordog
Summary from the annual report, as far as I’m concerned BV Tech going nowhere and committed to launching new products and covering losses until sales recover.

Mkt Cap £1.35mil
BV Tech now owns 67.1% of Defenx
Defenx has received €1.0 million and going forward will receive 50% of any sales in excess of €5.0 million
BV Tech have committed to purchase products to a minimum value of €150,000 per quarter (total €1.2 million) in the period to December 2020
DFX entered into a software services agreement with BV Tech which defines our product development roadmap with a cap of €1.2 million for 2019 development spend with BV Tech.
Secure Mail is currently in final testing for imminent release with Mobile Communications expected shortly thereafter. Finally, we are upgrading the infrastructure for Cloud backup; migration is scheduled for completion in Q4 2019. We will work with BV Tech to develop our secure messaging for delivery in 2020.
BV Tech has provided a non binding letter of support for €350,000 loan.
BV Tech already invested ~€4.6mil in DFX

If that isn’t a buying trigger I’m not sure what is, but until the company post a solid positive RNS this isn’t moving, but when they do it will rocket!
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Posted at 29/7/2019 12:11 by 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.
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Posted at 18/7/2019 11:15 by 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.
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Posted at 09/7/2019 19:01 by 5h4k35p34r3
wordog is right. The whitewash resolution is pertinent only to individual events, in this case, the previous act of making an open offer in April 2018 to provide further funding for DFX. It is not infinite and would need to be sought again if there were another open offer.
So, the options appear to be: BVT making another open offer to invest further in DFX and increase its shareholding; BVT making a buyout offer, which may seem unlikely with them having previously avoided doing so, but could be more likely now that the cost of their buyout is now a fraction of what it was last year; administration which results in all investors losing their investments, including BVT who have made by far the largest investment, who also risk losing DFX's commercial and technical assets to another party. Plus, formal investigation of the BVT Directors by the administrators.
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Posted at 09/7/2019 15:43 by 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.
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Posted at 09/7/2019 13:38 by 5h4k35p34r3
I can't see the owners BVT wanting administration. If that happened, the Directors' activities will be investigated by the IP. Should anything untoward be discovered they may face disqualification as Directors, financial penalties and personal liability for company debt. They lose control of DFX and DFX's assets become the responsibility of the Administrator who will sell them off to the highest bidder to settle with creditors, i.e. BVT could lose all of DFX's assets to any other software house that's interested.

Administration is a bad dream for PIs as we will lose all of our investments but it's a nightmare for BVT who will lose the £millions that they've invested in convertible loans so far as well as potentially all of DFX's technical assets.

It is in BVT's interests and control to return DFX to being a profitable company, hence their investments so far, as recently as March, the revamped website, the licensing arrangements with BVT to exploit their Italian defence industry contacts, etc.

The accounts are late, again. When they're published they will be bad as they only go up to end-2018. What is needed is evidence of 2019 sales driving recovery and returning DFX to self-sufficiency and solvency. Otherwise, BVT will have to invest still further in DFX else lose everything, as will we.
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Posted at 09/4/2019 08:41 by newtothisgame3
DEFENX Share Price - DFX Share Price - Stockopedia
https://www.stockopedia.com/share-prices/defenx-LON:DFX/
Rating: 6/99 https://www.stockopedia.com/share-prices/defenx-LON:DFX/
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Defenx share price data is direct from the London Stock Exchange
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