The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Need something to move the sp ,been a poor six months apart from a spike a couple of months back ,good company and winning contracts but I’d like to see my investment move a little bit
Should be another RNS tomorrow as KCR will be reporting their interim results. Should be some positive news there.
Contract wins coming thick and fast now. Can only see this increasing significantly as more and more companies and organisations are hit with hacks to their systems.
STREAM is now available on the Crown Commercial Services’ (CCS) G-Cloud 12 Framework. G-Cloud makes the identification and selection of cyber security vendors easier for public sector bodies (including central government, local councils, NHS Trusts etc.) by centralizing and streamlining the information and processes.
By being listed as an approved G-Cloud supplier, firms in the UK public sector can be reassured that Acuity Risk Management is a trusted supplier. In addition, purchasing through G-cloud accelerates the procurement process, meaning customers can get started on STREAM sooner.
Having worked with public sector clients for over 15 years, we are experts in cyber, IT and operational risk management. We help prepare and protect businesses from rapidly growing and changing cyber threats, ensure compliance with complex standards and build long-term resilience. Our STREAM platform provides a clear line of sight into risk exposure and empowers organizations to manage, control and comply with increasingly complex standards and regulations (including IS1, IS2, NIST, Cyber Essentials, GDPR and the NIS Directive).
FatFace fallout: Cyber-attack also puts employee bank details and NI numbers at risk while those affected ask why it took two months to tell them
We have discovered that employees of the retailer were told in an email their bank account number, sort code and National Insurance number could have been accessed in January.
https://schoolsweek.co.uk/surge-in-devastating-ransomware-attacks-cripples-schools/
Acuity Risk Mgmt
@acuityrm
Missed our recent webinar on business and operational resilience? Don't worry, catch up on-demand now. @GRCPundit
http://ow.ly/Kg0Z30rBiA5
There is a hell of a lot of money chasing private software companies at the moment, the firepower of advt as just one example.
Expect the increase shareholding in acuity, other than that I hope they do not overpay and spray money about on unproven products and markets.
At the half-year, the carrying value of Drumz investment in KCR stood at £767k or 31.5 pence per share.
It KCR deliver the improvements they expected for the half-year then there is every chance the current large discount to NAV will be reduced significantly and the book value should then increase.
Irrespective of what eventually Drumz do with the investment in KCR, they are still sitting on funds from the last placing so it shouldn't be too long before there is a further investment announcement.
Torchlight paid £4m for KCR shares at 45p per share, which in itself was a substantial discount to the previous placing by the company. I paid 22p this morning for shares which I hope will prove to be the low when the Interim Report is released.
My main reason for posting this information here is that I believe/hope that liquidity will significantly improve in KCR shares which will allow Drumz to sell their 2.435m shares at a significant premium to the current book value.
It will - the kcr holding directly affects Drumz share price. I think it's their single biggest investment (far outweighs the acuity investmnent for example). I might put something into KCR - they've got a nice portfolio (which I've seen in person) but am a bit wary tbh.
From the KCR previous year results:
"A detailed review of existing assets has been completed and we have taken significant steps to "right size" the cost base. Solid progress has been made, with substantial further improvements expected during the current full year to June 2021. The majority of the restructuring costs have been incurred and expensed during the current financial year and first half of the current year will reflect the reductions made to date."
Well, they were sounding positive back in September, so the solid progress should help the share price of Drumz.
Just bought a few KCR shares at what looks like an all time low. With the interim report due next week, I may have timed it about right which doesn't often happen.
Looking at the KCR Residential interim results for last year, the company reported a loss of £2.5m for the period in question. Since then there have been changes to the company as well as a significant capital injection by Torchlight Fund.
I would expect to see a material change in the current year which should lead to a higher NAV.
https://www.computerweekly.com/news/252498227/50m-ransomware-demand-on-Acer-is-highest-ever
Yes, I think the KCR results will show a substantial improvement over the previous period and a realignment of the share price to reflect a fairer value to net assets.
Still believe Drumz will be able to sell their KCR holding off book at a higher value than the current asset valuation.
Definitely - look at that recent microsoft server hack that made the news. Separately; KCR should bring their results to the market soon (last year it was 27th March). I'm hoping there's been a uptick on performance there (and Drumz owns 8% of KCR through it's energiser investment 3 or 4 years ago) so there'll be a benefit on that front. Can the share price break the 1p barrier I wonder? Probably not.....(feels like there's a seller out there that umps on any uptick in share movement).
I think there will be many more contract wins to follow. Acuity now appear to have the complete package for both large and small organisations alike. With many more employees working from home, cyber security must be at the forefront of everyone's minds.
Hopefully they'll leverage that relationship they've established to other NHS Trusts - there are over 240 nhs trusts within the M25 alone (the big hospitals I mean) - plus myriad smaller gp surgeries (that use a central NHS team - for property services for example). That contract could be the start of something amazing.
NHS cyber contract
Chief executives of top companies are recruiting in-house teams of cybersecurity specialists, as well as external advisers, to try to outwit the digital criminals. The threat of huge fines under the EU’s General Data Protection Regulation and its UK equivalent has also jolted bosses into action.
A survey of more than 5,000 chief executives last week found that 91 per cent were concerned about cyber threats, up from 80 per cent last year. It was the highest-ever level recorded by the PwC poll.
“For many organisations, up until a few years ago cybersecurity was seen as this technical thing that we left to the chief information security officer to deal with,” said Richard Horne, PwC’s UK head of cybersecurity. “Where many organisations are getting to is realising that every big business decision will impact your cyber-risk.”
Working from home? Watch for a Chinese cyberattack
State-sponsored agents are targeting British firms. Staff working from home are highly vulnerable
https://www.thetimes.co.uk/article/working-from-home-watch-for-a-chinese-cyberattack-2k2k03sfb
Won't copy, but on ************* website for those interested.