Osirium Technologies Share Discussion Threads

[livewireplus] 23/3/2021 12:46

At least the spread isn't 22/27 anymore :-)

[sphere25] 22/3/2021 11:20

I can see a little stream of buying here like I saw in TMO in the 30's so I'll mention it, but again it is one of those where I struggle to get involved because of the concern over the financing and placing risk (horrible spread too).

Clearly those who took the risk early in TMO have had the opportunity to make a nice quick return, so sometimes being too cautious doesn't work either, but still have to be very careful with these sorts and be prepared to take the downside loss.

It is also very illiquid like TMO so the price to sell isn't always what is quoted. Note that the market makers are dealing in size of 1500 here. Once you get down to market maker quotes of 1000-2000, you really are in extreme illiquidity plays that are prone to very sharp moves in either direction.

It clearly needs more buying and a break of 30p for the short-term buyers here to consider it a success.

All imo
DYOR

[livewireplus] 22/2/2021 20:31

Well I've popped back after just over a month later to look at this again - and the bid/offer is still 22/27 !

[livewireplus] 15/1/2021 15:06

So the summary is that Osirium Optimistic For 2021 Following Revenue Growth In 2020.... With 5p spread on bid/ offer of 22/27p then this will never turn in to a day traders stock :-)

[megasonic] 15/12/2020 12:13

BOD announces new contracts but never once has given any indication as to value of any. costs have been constantly way out of control for last several years. For example, Rev of £0.96m and £1.17m in 2018 & 2019 respectively. Compare that to a cost of £3.64m and £4.57m against same years.All these costs look are designated "admin" expenses and there does not seem to be any information on directors salaries which should raise eyebrows.I'm seeing a lot of cash burn here which suggests a placing imminent.

[babbler] 02/12/2020 08:00

The Board confirms that it now anticipates bookings being ahead of current market expectations for trading in the year to 31 December 2020. The Group expects to provide a further update in January 2021 consistent with previous years.

[18bt] 02/12/2020 07:29

Better announcement this morning - still no indication of size.

[hodhasharon] 15/10/2020 15:12

Testing 15p. Might buy a few as a punt at that point.

[euclid5] 15/10/2020 09:27

Edison Research B dated 6 Oct 2020

Outlook and changes to forecasts

Although management expects an uptick in new business wins in H2 and better revenue growth in FY21, it notes that FY20 revenue may be lower than current market estimates. We have reduced our bookings forecasts for FY20 and FY21, reflecting the delays in decision making while COVID19 restrictions are in place. This results in a reduction in our reported revenue forecasts for both years.

At the same time, we have reduced our operating cost forecasts, reflecting salary reductions this year as well as lower spend on travel and events. Overall, this reduces our EBITDA loss forecast in FY20 and slightly increases it in FY21.

We continue to expect that the company will need to seek more funding in FY21 and provisionally model this as an increase in debt.

[the white house] 15/10/2020 08:34

Previous RNS detail 250 and 500 units. This one is for 5,000. Is this as big a deal as that sounds'

[euclid5] 09/10/2020 09:55

If it's just based on 5 yrs, plenty of growth in that time for PAM system - 5 years is plenty of time in the IT business world. If it was 1 0r 2 that's a different story

Have to check to see the latest broker report on OSI

Thanks for the reply

[18bt] 09/10/2020 06:51

Euclid, the debate is probably about where technology will go and whether OSI has a continuing market c5 years hence. A lot of businesses are currently years behind in their adoption of priviledged access controls. Personally I think it highly unlikely that they will leapfrog current best practice and move their systems to where NotK thinks they should be. So IMHO there is a good 5 years of growth and after that it is much more difficult to see. But a 5 year horizon is OK for me.

[euclid5] 08/10/2020 20:31

Lockdowns across major regions (Europe, Asia, and North America) due to an increase in the spread of Coronavirus (COVID-19), has a positive impact on the privileged access management (PAM) market. Increasing demand to enforce social distancing from governments due to the highly contagious nature of Coronavirus (COVID-19) has encouraged enterprises to deploy work-from-home (WFH).

Therefore, enterprises are focusing more on online activities that is expected to increase the cyber-threat. To overcome this threat, enterprises are focusing on deploying privileged access management solutions to secure their online accounts. Hence, this is positively impacting the adoption of privileged access management (PAM) worldwide.

hxxps://www.transparencymarketresearch.com/privileged-access-management-pam-market.html

[euclid5] 08/10/2020 20:22

This is on the Harwell capital website, one of their major s/holders:

"Osirium offers the world’s first, built-for-purpose, 21st-century cyber-security and privileged infrastructure automation solution, which effortlessly protects its customers from the cyber-threats of hybrid-cloud IT Infrastructures, as well as driving down operational costs by automating and delegating privileged tasks"

hxxps://www.harwellcapital.com/our-portfolio/osirium/

[euclid5] 08/10/2020 20:21

This is on the Harwell capital website, one of their major s/holders:

"Osirium offers the world’s first, built-for-purpose, 21st-century cyber-security and privileged infrastructure automation solution, which effortlessly protects its customers from the cyber-threats of hybrid-cloud IT Infrastructures, as well as driving down operational costs by automating and delegating privileged tasks"

hxxps://www.harwellcapital.com/our-portfolio/osirium/

[euclid5] 08/10/2020 20:12

A very good technical debate / discussion here.

So NotK doesn't think the OSI PAM system is in a growth market area and Albert A belives it is.

I am not clused up with you gutes on this level. so can't add much here.

Are there any reports on their system we can download to see if they are in a large growth market, i.e. Deloitte / PWC reports

[notknowing] 08/10/2020 10:25

Banks take a risk based approach.....

PAM (and the risk it introduces), V

background checks, training, SIEM, network enclaves accessible by the chosen few, scripted remediation, tried and tested troubleshooting runbooks. The list goes on.

PAM can be more trouble than it's worth. There's more than enough forensic capability in the average OS.

[albert arthur] 08/10/2020 10:20

Most banks do, most will never get off it. Most have tried. JP Morgan, HSBC, And many others. Not only oracle, but most core banking system run on it. And have been developed over the last 30 years.

[notknowing] 08/10/2020 10:16

You're using Oracle! Say no more!

If you're working in a GMT -10 years context, this solution should work for you.

[albert arthur] 08/10/2020 10:11

I'm migrating the entire oracle banking estate to a mixture of OCI, and AWS. We are using cloud infrastructure, we need to access the OS. As root and oracle etc, also, the database as a sysdba. Also, users connecting via the application need to Eli are their privileges. Post entire cloud migration the world will always need users. Sysadmins... very basic web application still need OS manual intervention. So totally disagree with your comments.

[notknowing] 08/10/2020 09:47

To add to that......

Most instances don't even have interactive user accounts on them in the new world. The management ports are blocked off. The only ingress points to an instance (production or management), is via 443 for browser/api traffic.

Even your traditional on promise Admin instances (Active Directory, Exchange, DNS, DHCP, etc,) are now managed in the cloud via a browser. PUs will still exist, but in the context of the browser based application, and working within the confines of the provided capability.

Don't get me started on Containerisation. The problem you're trying to fix diminishes even further.

[notknowing] 08/10/2020 09:29

That's cloud v1, where on-premise is built in the cloud. Cloud v2 with immutable instances, Infrastructure as Code, and CICD pipelines......there will be no reason for an admin to actually log into a box. It's all abstracted, the Devs and the Engineers build the solution, security is built into the pipeline (Static Code Analysis, AV etc.), and then the Ops release and manage the solution in Production.

If anything fails, the non-functioning instance or the entire stack is rebuilt in minutes, while the production workload runs on the second stack.

Sysadmins don't log onto boxes in the future. The manage everything via a browser, both control-plan and management services. It's all abstracted.

[albert arthur] 08/10/2020 09:23

Cloud infrastructure still requires root access from Staff. Infrastructure and DBAs will not be outsourced. They will simply use cloud infrastructure, which will always require super users.

[notknowing] 08/10/2020 08:57

What problem do you think PAM fixes?