Like buses...you try andfind an account based investor and two turn up LOl ...plz could u two run the harsh slide rule over the "reinstatement" of £400k on EIT results update in august...and also how far 11p could be to "value entry" plz
Yeah, the "boss" has put £5.8m in here in the last two years which is intriguing, presumably his crystal ball is a top of the range one! …….
I guess sp often falls to discount..but in this case a decent slug of the placement is to the boss who is maintaining his substantial holding ...even posted a concern about CNS' competitive position (but isn't that priced in at such low EV/rev multiple?) ...Jolly puzzling...but not fighting the trend ...so sub 12p...or even lower???
I found this hard to get my two brain cells around “the shift away from the previous generation product is occurring faster than expected.” “Consequently, the Company expects that results for this year will reflect this shift and to be below market expectations” shifting more of their new product is generating less revenue ….. probably something to do with the Cloud, it needs more investigation because like you I’m a little surprised to see the SP under 15p
can buy at 10%+ discount
Corero Network Security plc (AIM: CNS),a leading provider of security solutions for defending against DDoS (Distributed Denial of Service) attacks and cyber threats, is pleased to announce a conditional placing to new and existing shareholders and a conditional subscription by Jens Montanana, chairman of the Company, of a total of 30,000,000 new ordinary shares of 1p each (the "New Ordinary Shares") at a price of 15 pence per New Ordinary Share to raise up to £4.5 million (before expenses) (the "Fundraising").
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