We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
As soon as this goes under 0.90 I will buy. I feel a takeover at 1.50 is on the cards, this would provide a healthy profit.
Dont blame you at all. Opportunities are there for the taking in today's commercial climate.......but this lot appear to be fast asleep. What exactly are the sales team doing?
Glad I sold out. I think it's probably very difficult for. Tiddler like OSI to raise any new money here! Ifbit goes under a penny I might buy back in. Too much competition in this sector I fear.
Another media video too, nice to know vodaphone using osirium i had no idea, a few more big companies signing up would do wonders for the sp, Bargain imo. Good luck to all.
Link to webinar for those who missed it
https://youtu.be/HTt80OuoCeI
Should be interesting webinar tommorow discussing ransomware threat in the NHS & how osirium has the right tools to protect the organisation. Can sign up online for any who are interested.
I have wondered that about the balance sheet putting of customers. You would think large customers would conduct their own DD. This gives more credence to my idea of this being put up for sale, to someone with some synergies, to get the cost down. A company in better shape may just attract more customers. Again, think BOD have had their chance with this. Yes Guyatt has past track record, but its not worked out this time.
Reading back through the ADVFN forums on OSI, a poster called timbo003 claimed to be at the AGM in Jun 2022 and spoke to the CEO afterwards, with these comments from the CEO:
> The state of Osirium’s balance sheet has not deterred customers from doing business with them
(I'm a bit surprised; committing to a 3 year contract and six figures, when the the company hasn't enough money to last 1 year, that doesn't worry customers?)
> 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)
(That didn't work out well for the November or February placings, what should we predict for this coming funding?)
> 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)
(Feels a little bit delusional; shortly after that, the CEO moved to chairman role).
> 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.
("We're sitting around waiting for customers to find us, and it hasn't worked well for years, but hopefully it will sometime soon"?)
"If this doesn’t 10 bag within a year I’ll walk naked down Kensington high street." - AlanCapone, 20th August 2023 at 6.5p/share.
There is always a risk of ANY penny share going into administration. Many are a binary investment, they either work out for you or they don’t.
With OSI it is a risk for sure from the perspective that it could be put into administration to be brought back out and taken private. However, with all the investment gone into getting this business onto the market, I would like to think that they will get a placing away to secure the funding they need to drive this forwards.
For what it’s worth I think the potential here is just enormous. Once they get the placing supported this will move forwards. Until then it’s a waiting game, best guess is we will get updated in September on the placing news.
Not long to find out anyhow, good luck
Is this going bust? a couple of sells of a few hundred quid and it falls
Sometimes feel the mms should be investigated on how they move the price of shares. Reminds me of the gold and silver market and the bullion banks
Up ten down ten
Gla
Lawyers take frontline role in business response to cyber attacks! Intresting osirium already have a law firm using them.
https://www.ft.com/content/2af44ae8-78fc-4393-88c3-0d784a850331
Not all placings need to be at a discounted price.
This is a highly sought after sector and with the rest of 2023/24 we should see a large scaling up new contracts..they already have a proven product ...one BLUE chip contract and we found easily be multiples of where we are now.
It is possible the placing could be at 2p or more, if they find the right investor. Seems there could be positives coming due to todays buying.
16% finish on day. Well done to investors who grabbed a bargain.
Gap up tommorow
They allready said placing coming in RNS and they are exploring all options in this regard.... They might suprise sharehilders & fund via different avenues.
Notwithstanding the positive trading momentum in the first half of the year, the Directors anticipate that the Company will be required to raise additional capital before the end of the year and are exploring all options in this regard. The Company has also identified additional cost saving measures which are being implemented.
Good luck all, as quoted before be greedy when others are fearful. GL all.
Coming
Https://www.google.com/amp/s/www.bbc.co.uk/news/uk-england-hampshire-66315690.amp
Https://www.google.com/amp/s/www.theregister.com/AMP/2023/07/26/uk_ambulance_services_cyber_attack/
Yet another attack this time on the ambulance service.
17 of march 2020 RNS Contract win with major regional Ambulance Service.
Cybersecurity software business Osirium Technologies has won a contract with a major regional ambulance service.
The company's unnamed client has purchased a 60-month term license for 250 devices for the Osirium PAM (privileged access management) platform.
Consultancy and training from Osirium Professional Services are included in the contract.
The Osirium PAM platform has been selected in a public sector tender bid as part of a sales initiative led jointly by Osirium and an approved reseller partner.
Osirium chief executive David Guyatt said: "I am delighted that, in addition to Osirium being selected as the specialist PAM provider for NHS Trusts, we and our reseller partners are now expanding our customer range to include the ambulance services sector.
> You comparing a 2.8 billion pound company to osi? You do realise this is the aim market.... Mabye you should invest in darktrace instead?
Can you explain what you object to about my comparison? Where have I asked anything unreasonable or unfair of Osirium?
You comparing a 2.8 billion pound company to osi? You do realise this is the aim market.... Mabye you should invest in darktrace instead?
> market knew we would need cash then on the next positive update
I'm going to be banging this drum for ages, probably. What Osirium added to their ARR in a year, DarkTrace added in a DAY. And did that EVERY WEEKDAY OF THE YEAR and then MORE ON TOP.
A SINGLE WEEK of DarkTrace size sales in the SIX MONTHS before Christmas and Osirium would be well profitable! They shouldn't need to raise funds, they need someone who can sell, close contracts!
Twice they've issued enough shares to be half the company and they might be about to do it again; surprising nobody with deep pockets has taken a controlling interest and pushed through some changes. How about: CEO bonus suspended until they are profitable. No more 2p options, no options below 6p or 10p. Stuart McGregor has to bring about a significant increase in sales by September update, and another significant one by end of year, or he steps down from CEO role and moves to a supporting role (not sales director), and if he can, the increases have to continue through 2024 as well?
Sorry for the typo, i hate typing on the phone.