Osirium Technologies Share Discussion Threads

[kemche] 22/7/2022 14:05

Classic treeshake to let Afzal in on the cheap.

[oilandgasman1] 22/7/2022 14:04

This pump n dump is over

[kemche] 21/7/2022 10:19

This is a material and game changing contract. Rumours abound that they are also bidding for other contracts in the range of £50 to £360. GLA LTHers.

[bluepill] 21/7/2022 08:27

Nice RNS this am

[dave4545] 08/7/2022 09:39

So you dumped this one while telling others it was going to do 100%+

Shameless pump and dump operator

[genierub] 08/7/2022 09:22

Looks like TGP is about to let loose. 10p cracked there with a 60p year high!!!! Thanks Babbler.

[babbler] 08/7/2022 08:52

nah... but tgp will.

[dave4545] 08/7/2022 08:37

Shameless genierub

Last time we crossed paths you were pumping FPP at 2.7-3p and that is 0.95p now

Pumping a stock that has clearly said they need to raise money.

[genierub] 08/7/2022 08:33

Looks like this is going to do an SAE today

[babbler] 08/7/2022 08:29

more than likely. Logic escapes the market sometimes.

[genierub] 08/7/2022 08:28

Ill take some. A lot of noise on twitter and telegram. Could do a 1X today.

[babbler] 08/7/2022 08:25

because that was aaaaages away on trading terms. Now its imminent as they have less than 1m cash left and said H2 which started this week.

[dave4545] 08/7/2022 08:11

All depends on the price, in this market I've seen some shocking placings.

The madness of the markets, make money, do well price goes down, lose millions need to raise price spikes up 25%

[timbo003] 08/7/2022 08:11

Also, I don't think you can be absolutely sure that all the funds required will come through a placing. There are other ways of raising finance (see my AGM notes above)

[timbo003] 08/7/2022 08:09

Given that they have flagged the forthcoming fundraise at the beginning of the year and this has been repeated in all updates since, has it occurred to anyone (apart from me) that a placing is already priced in?

[babbler] 08/7/2022 08:04

ridiculous. Placing is a certainty and probably at discount. Next week?

[david gruen] 08/7/2022 08:03

Pre-placing ramp?

[dave4545] 08/7/2022 07:57

I'm not a fan of "record" turnover when you are still losing millions

And they state they need to raise money, shows the dangers of twitter and popular accounts how on earth did they manage to spike this to 20p this year

[timbo003] 09/6/2022 08:05

>>>Dave, yes, there appears to be no need for a raise a FLX at the mo', but i wouldn't ever rule out an opportunistic fund raise from an AIM tiddler.

I haven't had a good look, but have the BOD ruled out a cash raise for other purposses, for example strategic acquisitions? to build up the sales force to help accelerate organic growth? to entry into new foreign markets? and all the other reasons often cited by AIM directors for a fund raise when you are not expecting one?

[dave4545] 09/6/2022 07:45

timbo

Well that is certainly a lot of different reasons to buy a stock from the norm.

You will not get a discounted placing in FLX because like I said they have cash the same level as their market cap hence the reason I thought they are better value than OSI, growing and ebitda profitable now.

[timbo003] 09/6/2022 00:05

>>>dave

My main reason for investing in these sort of high risk/high reward companies is for the EIS tax breaks:

* I receive 30% off an already discounted placing price
* Any gains are totally free of CGT
* I can claim any losses against my income tax, so if if it all goes pear shaped, I can claim back 40% of the loss


If I were to buy Falnx in the open market, I would not get any of those benfits, however if there was an opportunity to buy some Falnx in a (VCT/EIS qualifying) discounted placing then I would almost certainly take a look

[dave4545] 08/6/2022 23:08

timbo

Do you not think FLX is a more value option than this ?

Same market cap, way more turnover, way lower losses, way more cash, infact FLX's last reported cash is the same as their market cap

Thought OSI last results were awful .

[timbo003] 08/6/2022 22:58

A few nuggets from the discussions between Davis Guyatt (CEO) and Shareholders after the AGM yesterday:

* The state of Osirium’s balance sheet has not deterred customers from doing business with them

* Osirium does not ever have problems with bad debtors

* The BOD are looking at other methods of financing the business, not just through issue of additional equity (invoice financing was mentioned as an example)

* Contract length is either one year or three years, some customers have been paying for a 3 year subscription up front

* Renewal rates for contracts are around 95%

* In a few years from now, the company is likely to end up being sold in a trade sale, the CEO has a good track record building tech companies then exiting from a trade sale (most notably MIMEsweeper)

* Over 80% of sales are made through channel partners, the channel partner may take 10 – 30% from the sale, but it involves little or no resource from Osirium.

* Signing up with a major new Channel partner in (say) the US should be seen as potentially very good news, even though it may not trigger an RNS.

The two big players in Privileged Access Management (PAM) are `both US based, one of which is is Beyond Trust which is owned and funded by Private Equity


The other company is Cyberark with is quoted on Nasdaq, with a market cap of around $6bn and annual sales of around $460m