The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
Clearly a bad move changing the name without decent PR its a joke
Large contract signed worth 25% of current share price. Why no movement in share price today?
well i did not see that much new or worthwhile in that update tbh, just a regurgitation of what we already know, not sure why they needed to put this out
@draft yes I was thinking the same, would like to see a nice big contract with US utility company/ies as our services should be in demand with energy security at risk from attack.
GLA :)
war on energy continues as someone has bombed Nordstream. I guess NARF will be in demand as a warning when energy pipelines and supplies are under attack.
This short blip has been happening slowly since May 2021 when it was £1/$1.40 and will take time to reverse, when/if it ever does. In the meantime this should work in our favour.
GLA :)
quite a high mcap already, going to need to some very large contracts to get this moving up tbh
youve taken a short term view there, this is just a blip, sterling wont stay down here for too long i dont think
Morning all - was thinking that the dollar rate against the sterling must be good for us here as payments in $ will be worth more in £ than when this contract was signed.
Just wanted to post a bit of the the RNS for 25th July 2022 (before we were called Narf ). The full version can be seen under the CYBA PLC share info on LSE:
Mon, 25th Jul 2022 07:00
RNS Number : 5750T
CYBA PLC
25 July 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
25 July 2022
CYBA plc
FIRST TIGR CONTRACT
CYBA plc ("CYBA" or the "Group") the cybersecurity group specialising in high-end threat intelligence and critical infrastructure security, is pleased to announce that its 100% owned subsidiary Narf Industries LLC has signed its first commercial contract for its Threat Intelligence for Grid Recovery ("TIGR") suite of products.
Highlights
- First commercial contract for TIGR signed with a large US multi-state natural gas utility listed on the S&P 200 (the "Contract")
- TIGR is an innovative cybersecurity SAAS product that can be used by utilities and cyber first responders to rapidly find/neutralise security compromises in Industrial Control Systems (ICS) devices and restore power following a cyberattack
- Product is being commercialised by Narf having come out of the $200 million RADICS Programme
- Strong market demand now from both Gas and Electrical grid suppliers:
- Early indications show the Total Addressable Market ("TAM") for gas for TIGR could be bigger than the electric grid.
- TAM just for electric grid for TIGR being approximately $8 billion.
- Further customers to be announced - the Group is currently engaged with several major US utilities providers with a view to securing near term purchase agreements
- The Contract has potential revenue enhancing add-ons built in as the roll-out develops.
Contract Win
Cyba plc's 100% owned subsidiary Narf Industries LLC ("NARF") has signed a contract with its first customer for its TIGR suite of products. The customer is a large US multi-state Natural Gas Distributor listed on the S&P 200. This contract win opens the TIGR products to a new market, Oil & Gas Distribution. Early market focus for TIGR was with electric grid utilities and support agencies, evidenced by the fact that current ongoing contract discussions are predominantly with electrical grid utilities and the Department of Defence, but the appetite of this gas utility company has resulted in it being the first customer to sign. The contract has potential add-ons as the roll-out develops.
bu tthe share price didnt move, must be a transfer or rollover
Can't see any yet. This should change when they announce contracts.
in the US yet?
the update in July says more contracts coming so soon hopefully. reckon that's why they wanted listed on otc in the US first.
Further customers to be announced - the Group is currently engaged with several major US utilities providers with a view to securing near term purchase agreements
I have just realised that IG still have this listed as Cyba Plc - I hold on HL and correctly listed as Narf Industries.
Just wonder if there are any other brokers where this is still listed under the old name and possibly putting off potential buyers.
Just musing and holding long.
GLA :)
Didn't know we had a research note.
https://narfgroup.com/Shard%20(Tennyson)%20Research%20-%20March%202022.pdf
we might start getting afternoon action or theres going to be a massive disconnect between us and the USA over time
way to get these shares is get them in the UK, once this goes on nasdaq this could go ape****
I think we will delist from UK soon anyway and fully move to Nasdaq
Good news. Will give greater exposure on US markets.