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I can only see demand increasing for the Acuity products.
https://www.bbc.co.uk/news/business-55824139
Home working increases cyber-security fears
A senior computer network manager for a global financial services company, Peter (who did not want to give his surname, or the name of his employer, due to his firm's anxieties surrounding cyber-security), says they are bombarded from all directions.
"We see everything," he says. "Staff get emails sent to them pretending to be from the service desk, asking them to reset their log-in passwords.
"We see workers being tricked into downloading viruses from hackers demanding ransoms, and we have even had employees sent WhatsApp messages pretending to be from the CEO, asking for money transfers.
"And having staff working from home during the lockdowns has just made it worse, as it is much harder to keep an eye on everyone."
More positive news:
https://acuityrm.com/news/stream-listed-on-g-cloud-12/
Extract:
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)
It would appear shares are moving into very sticky hands with consistent blocks of shares going through over the past couple of weeks.
Patient holders should be well rewarded here given the very positive noises coming from Acuity, plus the cash available for further investments.
New website launched, with an impressive list of customers:
https://acuityrm.com/
I note this reddit buying frenzy thing has singularly failed to spread to any of the stocks I hold...... :) !!
What Angus failed to mention was th cash calls required from shareholders required for this, they do not have cash resources for this. Any decent interviewer would have asked this, any even if not asked Angus should have said this.
Growth should take cash calls into consideration, so not the multiples stated.
Also there are a large number of similar companies to drumz now chasing these sort of software acquisitions, so decent ones cannot be picked up on the cheap.
Just a mere 18x bags from here in that case :)
Well.....according to Augus Forrest - CEO, he expects Drumz to be a £50m company in the next 3 years. With a current mkt cap of £3m, that will be phenomenal growth.
He sounds very positive about the potential for Acuity Risk Management, and also expects to make to make a couple of investments every year in the software, cyber security arena.
Looking forward to the next Acuity announcement or further investment. The company currently has the cash to invest in further businesses.
New interview out on Proactive Investor. Worth listening to.
"Drumz look for 'transformational growth over a 3 year period"
Just added a few more at 0.7525, but will probably show as a sell with the mid price being 0.755.
Interesting day....MM's playing with buy/sell price and buys showing as sells.
Looking to buy a few more this week before the next news release and new website from Acuity is released which was promised for this month.
And here we go again this morning....NT to buy any shares.
The shares had a good run late last Friday, they must be aiming for the 1p now
chart with volume .... http://uk.advfn.com/p.php?pid=staticchart&s=L%5EDRUM&width=600&height=210&p=3&t=1&dm=2&vol=1&cb=
Chatting with a friend of mine over this weekend - she works for a IT company that sells loads of things but her speciality is Cyber software. It really kicked off in March last year, went a bit soft last 3 months of the year and then 2021 has kicked off with a major bang and she's pretty much doubled her revenue comparing Jan 20 to this month and the enquiries, the interest, the action is really looking good for her department this year. Which says to me that that can only be good news for Acuity too.
They wanted 0.9 for 500k
The spread is so tight - I've not seen such a small disparity between buy and sell on this share for.......well, ever actually. That's got to mean something. Surely?
I think the MM's are very short of shares here. Still NT to buy at the raised offer price of 0.80p. Good luck anyone trying to buy in any quantity.
Just had a limit order filled at the full ask and they have now moved up the bid price.
Still NT to buy any though.
0.75 to buy 0.72 to sell for me currently
Still NT to buy.......Someone must be accumulating in the background. Being offered 0.73 to sell.
Can see this moving up pretty sharpish as more news arrives.
MM's definitely playing games here again. NT to buy and they are paying well over the bid for shares.
Buy trades being delayed again this morning. My purchase not showing yet.
Added a few more this morning. Don't think it will be long before we hear of further significant contract wins for Acuity and hopefully further investments utilising some of the cash available to Drumz.
On the Directors Talk website for those who want to listen.
Good interview out with Angus Forrest on the Acuity Risk Management announcement:
https://www.***************************/drumz-acuity-upgrades-mean-faster-deployment-and-can-compete-with-main-competitors-interview/412954648