ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

NARF Narf Industries Plc

0.425
0.00 (0.00%)
22 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Narf Industries Plc LSE:NARF London Ordinary Share GB00BMH18M70 ORD GBP0.0001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.425 430,300 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.40 0.45 0.425 0.425 0.425
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 7.57M -1.45M -0.0009 -4.67 7.19M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:45:07 O 46,059 0.441 GBX

Narf Industries (NARF) Latest News

Narf Industries (NARF) Discussions and Chat

Narf Industries Forums and Chat

Date Time Title Posts
21/1/202509:59Narf cyber security272

Add a New Thread

Narf Industries (NARF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:45:080.4446,059203.12O
10:36:070.44268,6681,182.14O
10:30:450.44115,573505.52O

Narf Industries (NARF) Top Chat Posts

Top Posts
Posted at 22/1/2025 08:20 by Narf Industries Daily Update
Narf Industries Plc is listed in the Computer Related Svcs, Nec sector of the London Stock Exchange with ticker NARF. The last closing price for Narf Industries was 0.43p.
Narf Industries currently has 1,692,481,100 shares in issue. The market capitalisation of Narf Industries is £7,108,421.
Narf Industries has a price to earnings ratio (PE ratio) of -4.67.
This morning NARF shares opened at 0.43p
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/detailed-result-full/NARF/1108
Posted at 07/11/2024 07:39 by saucepan
This was what made me bullish mid-year:

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."

Note "awards" plural. There has been just the one announced (27 August). That and the sliding share price made me fearful that things were not progressing quite as well as expected. I divested my last tranche earlier this week. I think I might have got a bit lucky as this reads like a profit warning to me, too.

I'll continue to follow with interest - but an "ahead of expections" update would have been far more encouraging than "jam tomorrow".
Posted at 22/10/2024 13:04 by clem h fandango
Thanks themachine.It looks like we are heading for corporate action. It was flagged prior due to the change of focus to a SAAS product through their developed specialisms. Anyone looking at the share seriously would understand this as even the advisor has flagged.But you knew that of course, yes?
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 18/6/2024 15:43 by saucepan
Added a few at the lows.

This from the 6 June operational update:

"As presented, we are making exceptional progress with targeting new opportunities and reallocating resources to keep pace with this significant near-term demand. 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."

I don't think it will be long before there is news to get the share price motoring again.
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.co.uk/articles/stockmarketwire/235057/cyba-receives-us-regulatory-nod-acquire-narf-industries



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 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.
Narf Industries share price data is direct from the London Stock Exchange

Narf Industries Frequently Asked Questions (FAQ)

What is the current Narf Industries share price?
The current share price of Narf Industries is 0.425p
How many Narf Industries shares are in issue?
Narf Industries has 1,692,481,100 shares in issue
What is the market cap of Narf Industries?
The market capitalisation of Narf Industries is GBP 7.19M
What is the 1 year trading range for Narf Industries share price?
Narf Industries has traded in the range of 0.425p to 1.65p during the past year
What is the PE ratio of Narf Industries?
The price to earnings ratio of Narf Industries is -4.67
What is the cash to sales ratio of Narf Industries?
The cash to sales ratio of Narf Industries is 0.93
What is the reporting currency for Narf Industries?
Narf Industries reports financial results in GBP
What is the latest annual turnover for Narf Industries?
The latest annual turnover of Narf Industries is GBP 7.57M
What is the latest annual profit for Narf Industries?
The latest annual profit of Narf Industries is GBP -1.45M
What is the registered address of Narf Industries?
The registered address for Narf Industries is 5 FLEET PLACE, LONDON, EC4M 7RD
What is the Narf Industries website address?
The website address for Narf Industries is narfgroup.com
Which industry sector does Narf Industries operate in?
Narf Industries operates in the COMPUTER RELATED SVCS, NEC sector

Your Recent History

Delayed Upgrade Clock