Osirium Technologies Share Discussion Threads

[18bt] 08/10/2020 08:49

Albert - I titally agree with you. Priviledged access to "super users" is a growing issue and I can't see why it is going away. As well as in-house priviledged access, further outsourcing of office support and more frequent roll out of updates and inter-linking of systems means this isn't going away. Cloud migration makes absolutely no difference - different people still need different access to systems whether office server-room or cloud based.

[notknowing] 08/10/2020 08:36

Cloud migration will further reduce this need.

[notknowing] 08/10/2020 08:35

Sysadmins will all but vanish for the larger players.

[albert arthur] 08/10/2020 07:48

How? It's growing and growing and being more regulated.Working in Financial services on Linux machines, this is something being enforced by regulation, something required. Sysadmins will not vanish... neither will local, or cloud based access. Cyberark are similar. Listed on the NASDAQ, and have a cap of 4b over. OSI cap is 3.2m 1250 times higher. Also OSI are much more than PAM.Good thing about OSI is they have 100% renewals, also stealing customers and winning against competitors. Increasing revenue.

[notknowing] 08/10/2020 07:35

The problem with PAM solutions is they fix a problem that is reducing over time. The market for such solutions will be tiny in 5 years time. Let's hope these guys evolve with the changing landscape.

[18bt] 08/10/2020 07:31

Outsting an incumbent is a big plus as is the 5 year term. I suspect the revenue will be small, but it maintains a bit of momentum.

[albert arthur] 08/10/2020 07:26

Competitive contract win with major UK RetailerOsirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software, is pleased to announce a contract win with a major UK high street retailer. The contract win was secured in a competitive bid against four other Privileged Access Management ("PAM") vendors and displaces an incumbent supplier, highlighting the strength of Osirium's functionality and integrated PAM platform.The new client has purchased a 60-month term license for the Osirium PAM platform including the Privileged Access Management, Privileged Task Management and Privileged Session Management modules. Consultancy and training from Osirium Professional Services are included in the contract.

[albert arthur] 16/9/2020 17:32

More like good results, 100% renewals, more contracts and less costing. Results in the next two weeks.

[molatovkid] 11/9/2020 11:21

...and a chunky spread

[bookbroker] 10/9/2020 20:41

More like insolvency, a thoroughly badly managed company with supposed heavyweight board members. Just goes to show the past is no guide to the present, sophisticated rhetoricians inebriated in the exuberance of their own verbosity!

[craffert] 10/9/2020 19:21

placing incoming?

[albert arthur] 13/8/2020 18:29

I also don't mind funding on a 3m cap in-fact.. May even take a TR1 here. Sorry, had a busy day today.. I'll post some research notes here soon. I'm done for the day.

[albert arthur] 13/8/2020 18:17

Yes, the loans notes were at 40p too I believe.

[euclid5] 13/8/2020 17:52

They have a very high cash burn, which keeps the lid on the price moving up - which ever way you cut the mustard, it sems they may need to raise further funding

They have over £4.5m admin expenses - pretty high

£2.3m Conv Loan Notes


"Nonetheless, at the time of writing, we cannot ignore the increasing impact on our business of the Coronavirus pandemic. To the best of our ability we have factored this into our planning. The safety and health of our employees, partners and customers is paramount, and we have taken decisive steps to move fully to remote working, with an online engineering, sales, marketing and support model for engaging with our customers. The Board remains cautious and vigilant in the very short-term as the full impact of COVID-19 on the general economy is not yet known, however we have contingency plans in place and factored these into our planning and are limiting the cash outflows out of the business as best as we can"

[albert arthur] 13/8/2020 14:24

The revenue and negative net, is all about to change. Very strange pattern to look at, and I noted it. But it's dev costing which is justified which caused it.... I believe we will start to see a reversal this year.

[craffert] 13/8/2020 14:19

Interesting Albert Arthur. Good to get a tech analysis. Loss making and less than a year of cash to burn through are the only things that put me off, but when I see nasdaq valuations for loss making companies I do wonder if this is mispriced. Its a classic bust or takeover, or 100 bagger situation. My accountant head worries about them going under before they scale/turn the corner. Good to have some sensible debate about this. perky today. Must be your purchases!

[albert arthur] 13/8/2020 11:41

I've had my eye on it for about a year.. I've also coded and worked on similar products... They are branching out to USA, have contracts with the NHS.. it's at a rock bottom low, I believe ahead of the curve buying here now. 100% renewal rates. FT have even targeted 1000% high 700% mid 12 months.. I also like the 3m cap, and the solid BOD.

[18bt] 13/8/2020 11:33

Albert - was there a trigger for your purchase if I might ask?

[albert arthur] 13/8/2020 11:05

I've bought here today.

[18bt] 15/5/2020 10:53

Agreed - it just doesn't seem to be getting traction despite the warm words from the CEO. Needs to be taken out by another player - who has scale and who can cut the sales and PLC costs.

[craffert] 15/5/2020 10:35

Ouch...loss before tax means they have about one year of cash left to burn through... the shocker here is the slow 54% increase in bookings from a staggeringly low base. In these times I would have expected them to be a beneficiary of network security, isolation and widespread working from home. The revenue numbers, while pointing in the right direction aren't moving fast enough for me, so I've changed my plans to buy these. I expect to see another placing pre Christmas

[trad3m3] 06/5/2020 22:58

Double bottom....? interesting

[trad3m3] 06/5/2020 22:56

Uuuu quiet before the storm...?

[craffert] 01/5/2020 15:10

if they had £3mn left at 31 March and they burn £1mn pere month they will need to get a placing done long before June ... the price action suggests that the cap is being handed out to the brokers so the only questions are how much, and at what discount

[skyracer] 27/4/2020 17:02

Yes there seems to be a potential problem here. They haven't made it close enough to breakeven. With cashburn of £1m per 3 months and cash at 31st March of £2.9m, any deferring of revenue due to Covid will bring forward the need for a placing at a price, I suspect, well below the last one at 35p. Perhaps not until June however.