Osirium Technologies Share Discussion Threads

[david gruen] 30/9/2022 08:00

Appreciate the positive feedback Kem! I've always respected and valued your opinion.

[kemche] 29/9/2022 20:04

Likewise your contempt breeds much success.

[kemche] 29/9/2022 10:39

He does have an enviable record. Quite remarkable.

[david gruen] 29/9/2022 10:30

Exactly!

You're learning Kem!

[kemche] 29/9/2022 10:28

Classic treeshake to allow David, Hedgehog, Afzal, IBM, Microsoft etc in on the cheap. Typical MMs.

[divmad] 23/9/2022 17:03

Does it work from the theoretical lowest price point, or the level DG makes his bullish posts?

[valuetracker] 23/9/2022 15:40

In other words an almost guaranteed bagger. Gruen especially knows his stuff. I don't know his formula, but it just works.

[kemche] 23/9/2022 11:05

In short this a David Gruen and Hedgehog stock.

[kemche] 23/9/2022 11:04

Today's price action, and the price action since they launched, is down to one thing only.

And that is the sums. The ENTIRE purpose of being listed is the sums. And the financing of those sums.

Very much like AERO, RMS, NNN, CRCL, RRR etc

[timbo003] 23/9/2022 10:56

I wonder if they are planning to delist? It would certainly explain today's price action 🙁

[dave4545] 23/9/2022 10:37

These cybersecurity stocks do not seem as hot as they once were.

I'm waiting on FLX results and luckily for them they have a nice cash buffer to fall back on but making profits seems to be very hard for this sector.

I'm not tipping FLX as a alternative to OSI, maybe the whole sector is a avoid, good for the occasional spikes

I just do not understand why people held this on their awful results when they were around 15p, it was clear they were losing millions and running low on cash it was a cast iron sell

[megasonic] 23/9/2022 10:31

The sums? A Placing would keep MCap at circa £2m or below. The impact will be that value of your shareholding will fall. =====Given OSI need £2m+ per annum to keep the lights on AND by this month bank balance will be close to nil (Jun 2022 being less than £300k) AND more likely than not OSI will continue losses over next 12 months, the company will require £3m+ injection over the year.=====Potential Placing may only try to cover 6 months operations so try to raise circa £1m which if successful would dilute current share pool by 50% if not more, ie your current holding may be worth 50% less. The sums are above. Just need to look at what happened with previous placing in February.

[kemche] 23/9/2022 10:16

Looks like the sums are being done.

Whoosh!

[bookbroker] 23/9/2022 09:47

Are the people running this company working for nothing, because that is about all this company can afford. Revenues do not barely even cover the electricity bill!!

[david gruen] 23/9/2022 09:36

Dreadful isn't it?

All factored-in though. A cyber security and digital automation solutions provider who has a foothold in the UK public sector and making significant progress in the US, for circa 2M market cap?

Do the sums.

[megasonic] 23/9/2022 09:24

Haven't been posting on OSI for some time, not since that ramping con artist hedgehog finally stopped with his silliness. Had a read of the financial report yesterday and wanted to post a couple quick comments. Rampers might not appreciate what I have to say but they are facts.======According to June 2022 Balance Sheet Cash and Cash Equivalents fell to below £300,000. Keep in mind annual Operational Costs are north of £2m so OSI needs cash ... again. In February 2022 statement OSI Board had already telegraphed that additional funds would need to be raised in second half of 2022. =======Investors and Holders should be expecting yet another Placing (the second of 2022) in the coming weeks. I believe that would take OSI to 7 Placings in past 5 years with no indication the company will turn a profit in next 3-5 years. ========Further share pool dilution on the horizon with absolutely no sign of profitability and talk of lucrative takeovers designed to smokescreen the poor performance of a business operating in a sector seeing exponential growth. Board of Directors not fit for purpose IMO.

[kemche] 22/9/2022 09:37

Game changing results. Whoosh!

GLA LTHers!

[wololol] 22/9/2022 07:55

From the osi results this morning about the cyber market trends. One trend of note is the increasing price and higher criteria needed to attain cybersecurity insurance. According to the Global Insurance Market Index from Marsh & McLennan, in Q2 2022, cyber-insurance prices increased 79% year-on-year in the USA,This is an amazing driver so more companies will need to adopt the services of Falanx as standard to reduce premiums. See Falanx tech like a burglar alarm.

[david gruen] 20/9/2022 10:22

I'm not going to make a case for 290k (or 10% of the market cap) being a game changer in itself, but it's what it represents in the broader context which is important.

1) Lessons the chance of the second raise, or at least kicks that can down the road.
2) It once again validates the OSI solutions.

Onwards and upwards.

[kemche] 20/9/2022 09:45

Game changer!

GLA LTHers!

Whoosh.

[david gruen] 20/9/2022 07:13

Well well...


Osirium Technologies PLC

20 September 2022

20 September 2022

Osirium Technologies plc

("Osirium" or the "Group")

Significant contract extension

Osirium PAM commitment extended for a further three years

Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity and IT automation software, is pleased to announce that it has agreed a three-year Privileged Access Management ("PAM") licence extension with an existing customer (the "Customer"), a leading provider of IT services to local and national government in the UK.

The Customer initially purchased Osirium PAM in 2019 and rapidly grew from 250 to 2,600 licenses within the first year. The Customer has now decided to renew their commitment to Osirium PAM for another three years in a contract with a total value over GBP290k.

In line with the Group's SaaS business model, the full licence fee is payable at the outset and will be reflected in bookings and cash in the current financial year, with revenue being recognised over the three-year term, further underpinning management expectations for the current year.

David Guyatt, Chief Executive Officer, commented:

"We are delighted to have agreed this three-year extension, reflecting the ongoing value and importance of privileged security to our customers when cyber-attacks have never been more prolific.

"In line with our land-and-expand strategy, we continue to focus on increasing contract values, product take-up and device numbers with our existing customers alongside new customer acquisition."