Osirium Technologies Share Discussion Threads

[megasonic] 14/1/2022 15:47

I pointed out in Sep when OSI was hovering at 25p that the share price was in free fall. Hedgehog took umbrage to this and in fact stated OSI was in an uptrend. Now in January 2022 the share price is sat at 14p - that is 40% down since my original assessment that the share price is in free fall. Let us also not forget OSI share price has lost 93% of its value in 5 years. I suppose Hedgehog may have been right to pull me up on the "free fall" description. OSI is not so much in free fall as it is dropping like a rock, a rock that has yet to meet the bottom. ===But hey, what do I know? I have only been warning about cash flow, unsustainable losses, continuous Placings and steep share price decline for the past couple years and it is not like any of my concerns have manifested ... oh wait, they have, as evidenced in the OSI chart. Take your pick: 5 year, 3 year, 1 year, 6 months, 3 months, even 1 week! All the charts show the same trend: a ceaseless decline in share price. And the scariest part is the Board has no clue as to how to reverse this trend.

[hedgehog 100] 14/1/2022 14:42

Megasonic first recommended IGP here, on this OSI thread, on 21st. July last year, when its share price was about 105p.

It's currently 75p, i.e. down nearly 30% on his tip price.

I think this illustrates the risks of buying a highly-rated share that has already multibagged.

It's safer in my opinion to try to position yourself AHEAD of such multibagging, rather than buying in AFTER it.


And perhaps I could rehash the start of Megasonic's post 432 above:

'I believe Megasonic has managed to fool enough people about IGP in the past months that he has been able to cash out. Unfortunately that pump-and-dump con artist would have pulled in several less informed investors to help prop up the price while he was busy offloading - he literally took their money. No doubt he is busy ramping another stock and scamming more investors.'

[kemche] 14/1/2022 14:04

Agreed HH very comparable. Does it also remind you of early Amazon? Would you kindly put up a chart of that too? TIA.

[hedgehog 100] 14/1/2022 13:16

Today's current top riser SIM - which has currently doubled today to 8.5p - is comparable to OSI.

And the same sort outcome could happen here.


"LSE % Gainers Top Lists
EPIC Name %
SIM Simigon +100%"


14/01/2022 12:30 UKREG SimiGon Limited Proposed Merger & Delisting
"SimiGon (LON:SIM) a global leader in modelling, simulation & training solutions, is excited to announce that following months of negotiations, the Company has today entered into a definitive agreement to merge with Power Breezer Sub Ltd and Maxify Solutions Inc. ("Maxify") (the "Merger" and the "Merger Agreement"). The consideration for the Merger attributes a valuation to the Company of $8.5 million.
Assuming shareholder approval of the resolutions at the Special General Meeting of Shareholders (as further described below) and completion of the Merger, it is proposed that the Company will cancel its admission to trading on AIM of its shares.
Background of the Merger
In the past several years, SimiGon has focused on developing its strategies of growing its market share and enhancing its products and services portfolio. However, the Company's Board of Directors ("Directors") has periodically reviewed a variety of business strategies, including possible business combinations, with the Company's senior management and in certain circumstances also with external advisors. These reviews took account of the Company's financial performance and market, economic, competitive, and other conditions. During these discussions, the Directors and management have also noted the challenges of continuing on the path as an independent public company, operating in both a highly competitive and consolidating market.
SimiGon's management has been working on expanding the Company's offering to domains that are beyond its existing markets. Initial discussions with Breezer Holdings LLC ("Breezer") led to identifying multiple synergies between SimiGon's technology and the needs, the Company believes exists, in the Simulation Based Design of fulfilment and distribution centres. As Breezer already has a foothold in this domain, SimiGon and Breezer started discussions about a potential transaction and have been structuring the transaction and negotiating its terms for several months. ..."



Compare this to OSI's statement today, that they have been assessing the Company's go-to-market strategies:

14/01/2022 07:01 UKREG Osirium Technologies PLC Trading Update
" ... David Guyatt, CEO of Osirium, commented:
"We are pleased with the strong growth in customer numbers and high customer retention rates during 2021, which is testament to the need for our offering across a range of sectors and geographies despite the effects of the pandemic upon customer decision making. We expect this customer decision making to return towards normal levels in 2022.
"With a significantly broadened customer base, our teams have the opportunity to focus on upselling and cross-selling in line with our land-and-expand strategy. We have made good progress in the year following a focus on growing our partner network which is yielding results, and we continue to assess the Company's go-to-market strategies to ensure the Group remains well-positioned to capture the substantial market opportunity available. I look forward to providing a full update to shareholders at the final results later in the year." ..."

[megasonic] 14/1/2022 12:59

I have not the time right now to dissect this morning's TU but one thing of note that does jump out is cash and debtors balance is £700k at December end, from memory cash balances alone were under £2m at the end of June 2021 - so that is a cash burn of more than £1m in 6 months. This suggests OSI will burn through the £700k balance within the next 3 months which in turn will lead to another share pool diluting Placing within that time.

[hedgehog 100] 14/1/2022 11:46

Thanks for your excellent postings today David.

A slight revenue increase in 2021, a year in which many tech companies have seen their revenues fall, is a creditable performance, and bodes well for the outlook as markets recover.

And at the current depressed share price of just 14.5p, a predator could pounce at any time.


29/11/2021 06:59 UKREG Osirium Technologies PLC Trading Update
" ... As a result, the Board anticipates that bookings and revenue for the year to 31 December 2021 will be broadly at the same levels achieved in the prior year and slightly behind current market expectations. ..."


14/01/2022 07:01 UKREG Osirium Technologies PLC Trading Update
" ... Further to the Company's announcement on 29 November 2021, the Board confirms that, subject to completion of the audit, it expects to report bookings and revenue for the 12 months to 31 December 2021 of at least GBP1.6 million (2020: GBP1.57 million) and GBP1.45 million (2020: GBP1.43 million) respectively, in line with the prior year. Deferred revenue at 31 December 2021 was GBP1.66 million, providing visibility as the Group starts the new year. Debtors and cash balances as at 31 December 2021 were GBP0.7 million. ... "

[kemche] 14/1/2022 11:02

I too would love a fundraising for a change. I believe they have had a couple before.

Could the change of broker to Allenby presage yet another one?

Welcome it would be too.

[david gruen] 14/1/2022 10:52

I would welcome a fundraise if required, and would definitely take up my full allocation. A couple of years worth of cash-runway should get them over the line (in terms of a larger player taking them out).

[kemche] 14/1/2022 10:49

I'm sure you are right David.
You usually are.
My apologies - I stand corrected.

I promise to pick some up at the forthcoming fundraising should such an odd thing occur.

[david gruen] 14/1/2022 10:40

Kemche, don't let your pedantry continue to prevent you making money. We have a Cyber Security Solution trusted by the NHS and many others. It has a market cap of less than 4 million. This is a red-hot sector, and when IT post-pandemic projects kick off the OSI share price will be multiples of today's.

[kemche] 14/1/2022 10:30

Trading update 29 November 2021:

" Customer retention rates remain high at 97%"

Trading update 14/01/2022:

"Customer retention rates for the year were 95.4%"

Hmmm.....

[kemche] 14/1/2022 10:22

"Debtors and cash balances as at 31 December 2021 were GBP0.7 million."

How much were debtors and how much was cash - separately?

No mention of creditors? How odd!

Profit? How curious!

[david gruen] 14/1/2022 08:40

...from the man who thinks OSI is a scam, and BT is a ponzi scheme heading for 0p.

Filtered!

[george stobbart] 14/1/2022 08:09

disaster update. smells like dead meat

[david gruen] 14/1/2022 07:41

"Osirium has more than doubled its customer base in 2021 to over 100 customers at 31 December 2021. New customers signed in Q4 2021 included two more NHS trusts, an international telecoms operator and a London-based law firm"

That will do for me. The NHS rollouts will snowball in my experience as each NHS trust shares their experiences and knowhow internally. Ransomware is a major concern across the public sector and significant resources will have been directed into impact assessments and potential mitigations.

[livewireplus] 14/1/2022 07:14

The Trading Update is indeed out ...

[hedgehog 100] 12/1/2022 15:36

Welcome aboard David - I envy your entry price!

There's solid value here, unlike a lot of very small cap. stocks on AIM.

As a reminder, and for newbies:

OSI's co-founder and CEO, David Guyatt, has massive previous success as a co-founder and CEO ... resulting in his company being sold for a cool one billion dollars.

"David Guyatt
CO-FOUNDER AND CHIEF EXECUTIVE OFFICER

Co-founder of Osirium, the management team is led by David Guyatt, who has over 30 years’ experience in turning next generation IT products into successful technology businesses. He is a recognised pioneer in establishing the content security software market, being a co-founder and CEO of the Content Technologies group, which created MIMEsweeper and became the recognised world leader in content security solutions, with a 40 per cent global market share, and was sold for $1Bn within 5 years, the largest European cyber security acquisition at the time.

Previously, David was Sales & Marketing Director at Integralis from 1990 to 1996, as it established itself as Europe’s leading IT security integrator - now part of the NTT group."

[david gruen] 12/1/2022 13:01

I've tested the water with 8 grands worth. Will top up further as price action unfolds as expected. I have a 40p target. I expect that target to be achieved within 4 weeks.

GLA

[hedgehog 100] 06/1/2022 17:06

Nice to see OSI have its first up day for about two months: a 0.75p rise to 15.25p, and on the highest volume since the first half of last year: 373,345 shares traded, which is well over one per cent of the shares in issue.

Could this be a turning point?

It will be interesting to see what the trolls have to say ... though some may choose to use them as contra-indicators, LOL!

[kemche] 06/1/2022 00:21

All true HH.
Especially as it comes from your good self.

A Trillion $ I tells ya!

[hedgehog 100] 05/1/2022 21:24

Kemche is a renowned troll of CRCL, and CRCL finished 2021 very strongly, rising particularly well on 29th. and 31st. December.

So how does Kemche repond on 31st. December?

By crawling out from underneath his rock, to vent his embittered, thick frustrations elsewhere!

Because this thoroughly evil c--t is a bizarre sort of thick-dishonest hybrid: like a cross between Simple Simon & Goebbels.

He seems to change his mind more often than most investors change their socks (though he still hasn't found one that works properly), and has admitted to buying CRCL after bashing it.
- So he is clearly a truly dishonest parasite, who would I believe be a legitimate target for legal action.

In fact he was recently warned with legal action on a CRCL thread by Align Research.

[hedgehog 100] 05/1/2022 20:54

Dear oh dear, don't these sad little trolls have anything better to do than peddle their sick little lies about me?

I suppose it's envy over my excellent investment track record.
Those that can, do. Those that can't, troll.

And don't judge others by your own dishonesty ...

2021 was another brilliant investment year for me, and though OSI has disappointed so far, this is often the case with the best investments.

I'm still in OSI in size, obviously well underwater you will doubtless be delighted to hear, though only a small fraction of my gains elsewhere last year, and eagerly awaiting takeover news which could still make this a very profitable investment for newer investors!!

From this level it could easily be one of the shares of Q1 2022.

Here are some interesting recent posts from Twitter:

Dom Von Posen @DomPosen
"#OSI it will be fascinating 1-3 months for @Osirium . Most likely cash levels are running low and there is just not enough momentum and scale with signing new clients. My guess for this holding is that majority shareholders will probably start looking at takeover options.."
2:38 PM · Dec 29, 2021·Twitter for iPhone

Dom Von Posen @DomPosen· Dec 29, 2021
Replying to @DomPosen
"…rather than pumping more cash into #OSI . There are several large companies within IT security, already in UK or just watching from outside which could make a very good use of our products and our NHS existing contracts. Question is what kind of money would satisfy…"

Dom Von Posen @DomPosen· Dec 29, 2021
"…current #OSI investors, many of them well under water. I don’t think anyone will entertain anything below £20M but it’s depend on how much leverage we will have in potential negotiations and how our cash situation will looks like. IMO there might be an RNS soon …"

Dom Von Posen @DomPosen· Dec 29, 2021
"…informing us that our BOD is “reviewing all options” to go forward. #OSI is one of these companies with very low liquidity and tiny mcap. Things could move here with speed of light Thumbs upThumbs upThumbs up"

[kemche] 05/1/2022 11:19

Megasonic, sage advice.
I believe he is peddling his wares elsewhere now.
Quelle surprise!

[megasonic] 05/1/2022 11:11

Kemche, I believe hedgehog has managed to fool enough people here in the past months that he has been able to cash out. Unfortunately that pump-and-dump con artist would have pulled in several less informed investors to help prop up the price while he was busy offloading - he literally took their money. No doubt he is busy ramping another stock and scamming more investors.===Coming back to OSI, I really cannot underscore enough how precarious a situation this company is in. OSI has been loss making since IPO with every indication that it will continue to lose money for at least the next couple years (assuming OSI survives that long). The company will also run out of funds within months and there is good reason to doubt they will secure any further funding from the market.===This is not a stock for inexperienced investors. Heck in my opinion OSI in its current form is not a stock for any investor. If you are not in OSI then keep it that way.