The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Reading between the lines......the first US deal they signed (last year? year before that?) hasn't really done a great deal so effectively they've had to find alternative routes to market. Hopefully these will bear fruit.
Bebeto.
Although the value in itself may not be that high it does provide an increase in arr, does show they can sell decent deals in the USA and are competitive, they need channels as an inexpensive route to market.
Wished they had more than 25%.
Under whelming!
13 February 2023
Drumz plc
('Drumz' or the 'Company')
New Contract wins and partners for Acuity
Drumz plc (AIM:DRUM) is pleased to announce that Acuity Risk Management Limited
('Acuity'), an investee company in which Drumz has a 25% shareholding has won
contracts with two significant new customers to use its software platform,
STREAM® Integrated Risk Manager(" STREAM® "), which is used by private and
public sector clients to manage their cyber security and other enterprise
risks.
Contract wins
The first contract win is with a North American bank which is adopting STREAM®
to improve its enterprise risk management. This solution has the potential to
be replicated by many other banks and financial institutions.
The second contract is with a leading provider of public cloud and
cybersecurity solutions and services, headquartered in Europe with operations
in Europe, North and South America which is adopting STREAM® for cyber security
and IT risk management.
The aggregate initial order value for these two contracts is c.£300,000 over
three years, equivalent to £100,000 per annum.
New partners
Acuity believes there is an opportunity to accelerate its growth, particularly
in the North American market which represents 45% of global demand. To achieve
growth in this market an experienced channel manager was recruited by the
Company in August 2022. In addition, two new partners have recently been
appointed in North America and revised sales targets have been agreed with
other existing partners. Both new partners are large corporate entities who
specialise in cyber security risks for financial, defence, healthcare and
general market sectors.
Angus Forrest, Chief Executive of Drumz plc, said: "These contract and partners
wins are evidence that the strategic changes to the distribution channels and
new management appointments which have been made are working and setting Acuity
up for faster and transformational growth over the short to medium term."
Simon Marvell, CEO of Acuity said: "The Acuity business has been making great
progress with the investment and support from Drumz and since the recruitment
of Kerry Chambers as Commercial Director in April 2021. These two new exciting
customer wins are testament to performance improvements across all sales and
marketing operations which are now starting to bear fruit."
For further information please
contact:
Drumz Plc www.drumzplc.com
Angus Forrest +44 (0) 20 3582 0566
WH Ireland (NOMAD & Broker) www.whirelandcb.com
Mike Coe / Sarah Mather +44 (0) 20 7220 1666
Peterhouse Capital Limited (Joint
broker)
Lucy Williams / Duncan Vasey +44 (0) 20 7469 0936
Hopefully we'll have some sort of Acuity update from Drumz soon? (living in hope).
Expecting an upward continuation here
This needs a good old pump if you ask me!
You are correct but for me the bigger picture is the acuity play
It is a legacy issue which needs to be dealt with
But Drumz are trying to sell their shareholding aren't they? If they've still got it - doesn't it lower the value of their holding?
Because it’s irrelevant
Chaps - bearing in mind Drum's legacy investment in KCR (when it was Energiser)......best keep an eye on that company and it's......shockingly bad share price performance......it's tanked 35% in recent days........
Anyone have any views on why? And that then brings me to....why has Drum's share price strengthened in recent days?
Little steps
Think this is going to be good
some chunky ones today
Surely we're due an update on things soon? Feels like we're treading water yet again.......sincerely hoping for new of some proper progress.
Clear sign the seller has sold out
Moves on fumes this does
Thats because there isn't many available.Imagine if there was any serious news!
blimey,it doesnt take many trades,to move the sp.
There she goes.Doesnt take much to move this with the tight share registry
Quite a few buys today.Tick up can't be far away
blue
Yeah UFO don't remind me.Did really well there until I forgot to sell.ZPHR will do ok I reckon but nothing mind blowing.
Yep I forgot you arrived in zphr as well , and ufo if i remember. Gets even worse lol. Only joking great to see you in here early
Buy when on offer I was told, so once the seller is done this moves up. 60% held by BOD’s / TR1 holders
Great share mechanics and tiny MCap
This is under the radar just like PXEN was at 2p
Yes i know you are a large holder here.Not in CTL but PXEN and I'm in ZPHR too.Bit cautious on CTL just because its in Chile and always open to political upheaval.
Island girl - are you following me across my 3 holdings PXEN CTL DRUM
Good luck in here, Javed ex TR1 holder is selling down so only time to buy. I have a big holding in here and think it’s a monster in the making
Buy when on offer
GLA