We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Narf Industries Plc | NARF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.475 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.475 | 0.475 | 0.475 | 0.475 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 30/12/2024 09:38 by martinmc123 2*Narf Industries plc, the cybersecurity group specializing in high-end threat intelligence and critical infrastructure security, posted disappointing results for the six months ended 30 September 2024 this morning. The Company experienced a decline in revenues, reflecting temporary U.S. government budget delays, with revenue for the period down to $1.18 million (HY2023: $3.11 million) representing a shift in focus toward long-term growth initiatives. As a result proactive measures were implemented to optimize costs and ensure financial flexibility ...from WealthOracle wealthoracle.co.uk/d |
Posted at 08/10/2024 07:04 by clem h fandango For those unaware, also owned (and linked) to Narf as the top brass here are also the top brass over there. |
Posted at 27/8/2024 06:05 by saucepan Signifiant contract win, and it sounds like more to come.NARF seems to be delivering on its promises, which was a key benchmark for me - very encouraging. CEO Bassi: "In June, we outlined a strategic plan that included a crucial milestone: achieving near-term validation of demand from a major customer. I am proud to report that our team has achieved this milestone months ahead of schedule. With this validation, we are now swiftly moving forward with engagements from additional customers and partners to reinforce our leadership in these multi-billion-dollar cybersecurity market segments." |
Posted at 31/7/2024 17:34 by saucepan mdchand. It would be good to know the date and source of that.Premium Beeks: I thought about adding, too, but decided against for now. (I also tend to feel far more comfortable buying dips once I am "in the money" on a position, which is not the case with me for NARF just yet, unfortunately). I hope your purchase proves well-timed for you, however. I suspect market fear is of a discounted placing. Depending if/when that happens, there may be an opportunity to add even lower. Additionally, for me, the following is a key reference point, which I made note of at the time. From the 6 June operational update: "We will provide future updates over the next 120 days as we expect first contract awards and work with industry partners to form go-to-market alliances." We should therefore expect positive news catalsyts of some kind before early October. I would like to see whether NARF can deliver on its promises, with regard both to timeliness, and also how impressively. That will likely mean paying a higher price, if news is good, but there will be less downside risk. |
Posted at 31/7/2024 13:50 by mdchand Found this somewhere.......Faster software transition likely to impact forecasts - moving to Under Review: Narf is leveraging its strong 'social cyber' open source software security expertise to develop commercial recurring revenue software to sell into government and industry sectors. This transition may require extra funding and a reallocation of resources that will likely impact financials. Narf expects to update the market on this in the coming months, in the meantime we place our estimates, rating and target price Under Review. |
Posted at 06/6/2024 08:11 by premium beeks Hydrus, I didn't mean to come off as dismissive of your post, I know how smallcaps like this can become polarised in one direction! I'm genuinely interested in your points of view as otherwise things can become a little "tunnel vision".I can't see a way that NARF generate the income to accellerate progress to a commercial product, I agree and have highlighted this previously. However that's much the same of any minnow and inward investment is almost always needed and here it's a known entity. The scale and direction of the sector leads me to beleive that either NARF gets snapped up or a partner comes in with a chequebook. The investor roadshow earlier in the year was obviously delivered to garner knowledge and show the investment support case to IIs. I would hazard a guess that progress is already far down the route on this. We'll know more soon of course. Best wishes |
Posted at 05/6/2024 10:15 by premium beeks There's not really a great correlation between NARF and crowdstrike, there's little crossover.Industry trajectory is that it is maturing and the major players are now known. The next phase of maturity is keeping or gaining market share, this will only come through innovation. That's why NARF are sitting in such a sweet spot at the mo. |
Posted at 02/6/2024 22:43 by premium beeks Hi Saucepan,Apologies for the tardiness of a response here. The research note you speak of is paywalled unfortunately, however you may get some joy from IR as a freebie. CYBA was created specifically to pick up Cyber Assets, NARF was a target they went after. I don't think it was a circumstance that NARF couldn't grow in the US, rather that maybe CYBA were in the right space at the right time, waving pound notes at a startup! hxxps://www.ajbell.c As for revenue. It's an IP and technical consultancy company in the Cyber space. I expect at 20m revenues the profit side of things will be high as net costs are specialist staff and effort rather than raw materials of any type. My thoughts are that this will get taken out at a certain point in it's development of very sophisticated and next gen products in the Cyber Arena, at many multiples of the current price. As a side, the issues that the company work on are not going away - in fact are only getting worse. Evne this weekend you see the breaches of Ticketmaster and Santander (and up to 400 other companies affected) - this due to Supply chain credential theft. This type of cyber attack along with 3rd party risks are the biggest challenges facing industry at the moment and need some very sophisticated and advanced thinking to resolve a very difficult problem. NARF are in the mix with the leading governement agenceies to fix some of these issues - it's small change for a Tenable or a Palo Alto to take them out at massive premium to the current price. Credential wise I have led various teams of Vulnerability specialists at global corporates, although i'm not in the same league as these guys! Have a profitable and safe weeks trading all! |
Posted at 01/6/2024 14:29 by saucepan Hi folksI am currently researching NARF and like very much what I have learned so far.It is clear that some of you here clearly know your proverbial onions. I have just watched the Investor Meet, 7 March presentation: very impressive! I am trying to get hold of the Cannacord initiation note. The link to it, through the Narf website, does not work. I have written to IR to see if they can send it to me directly. A couple of key questions I currently have are as follows. The first relates to the 36-month plan to get to US$20m revenues. That is a top line growth figure. I am wondering how this might equate to bottom line growth: profit and eps. Has anyone seen any projections or what do you yourselves think might be realistic? Secondly: in talking about approaches to Cyber Security Steve Bassi refers to the importance of spotting anomolies. Taking the concept of an anomoly, and to put it crudely: what is (to all other intents and purpsoes) a US company working for highly sensitive US government departments doing listing on UK AIM? Why cannot it not get all the financial support and exposure it needs in its own backyard? Is something not entirely right about the Company that prevented this? Does anyone have a good answer? TIA Saucepan |
Posted at 04/3/2024 10:17 by fred buckle A market professional sent me this research note.Headline from Canaccord Genuity research dated 19 Feb 2024: Price 0.7p. Market cap: £11.9m. Price target: 2.2p. Canaccord Genuity view Hidden cybersecurity growth gem with >200% upside potential High-end cybersecurity services business with a $1bn TAM: Narf provides US government agencies such as the Department of Defense, DARPA and others with highly advanced cybersecurity threat intelligence, offensive and defensive 'mission' services as well as bespoke software solutions. Narf's track record as a trusted supplier creates sticky customer relationships and repeat revenue streams. The US government's growing focus on securing its IT and critical national infrastructure has led to material growth in cybersecurity budgets and we estimate Narf's current main agency counterparts spend up to $1bn p.a. here. Rapidly scaling and turning profitable: In 2023 Narf more than doubled sales organically to $6m generating breakeven EBITDA and positive free cash flow. The secular demand drivers and sizeable TAM opportunity in our view support continued double-digit growth with our forecasts expecting a 28% sales CAGR accompanied by rapidly improving margins and cash generation from this year onwards. A potential multiplier; initiating with Buy: As the company executes on expected growth and becomes sustainably profitable, the shares' current 1.3x 2025E EV/Sales and 8.6x P/E multiples look too low to us. With median cybersecurity peer EV/Sales of >2x and P/Es ranging from 15-26x (UK only), we see scope for a material re-rating over the next 12+ months. Should Narf achieve its $20m sales goal by 2027, then our bull case analysis indicates three-year upside potential to up to 3.7p/share. Multiple growth themes Narf's broad range of highly advanced and sometimes classified 'offensive' and 'defensive' cybersecurity services and missions for the US government focus primarily on threat intelligence, the protection of critical national infrastructure from bad actors and 'hardening' the US government's open source software estate to make it less vulnerable to cybersecurity threats. In addition, Narf retains software IP rights for most of its work which it can then commercialise with other government agencies and enterprises. This effort is still in its early stages, but we believe it could enable the company to build a fast-growing, recurring revenue stream that would materially improve visibility. Three-year bull case upside potential to up to 3.7p/share The rise in cyberattacks on US government IT and physical infrastructure creates high demand for Narf's cybersecurity services and has led to material budget increases at its three main agency counterparts (DARPA, DoD and DoE) with combined spending on cybersecurity now ~$1bn p.a. With every 1% of this market worth $10m in potential sales, the company has recently issued a $20m revenue ambition by 2027. Should Narf successfully achieve this target and the shares re-rate to a 3x or 4x P/Sales multiple then we estimate potential upside to 1.9-3.7p/share or 1.7x to >4x from current levels. Target set at 2.2p; >200% upside potential We set our target price at 2.2p/share based on a blend of two valuation approaches: 1) a 4x 2024E EV/Sales multiple and ~24x P/E based on growth-adjusted UK and global listed cybersecurity peers; with a 2/3 weighting; and 2) a 1/3 probability of the company achieving its 2027 target of $20m in sales valued at a 3x P/Sales multiple. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
