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.
Started: TargetState, 13 Nov 2023 23:50
Last post: TargetState, 13 Nov 2023
Will we see any money again or is that it, all fine?
Shares removed from acc yesterday , can not see cash .
Looks like my last gamble buy will make my overall loss less.
went up 80% on the news.
- SailPoint Technologies UK Ltd on Wednesday said that it has agreed to takeover Osirium Technologies PLC for 2.35 pence per share.
OSI are strategically important in NHS cyber protection. I assume there must be some Government fund that could provide finance to the company, on its road to break even.
Government sets out strategy to protect NHS from cyber attacks
The government will provide a plan to promote cyber resilience across the health and care sectors by 2030, protecting both services and patients.
https://www.gov.uk/government/news/government-sets-out-strategy-to-protect-nhs-from-cyber-attacks
baby born on 28th jan 2023 is advising me.lol
12 October deadline
Hl just emailed saying offer in and I can still vote
By looks of it, it's a done deal as all votes have been received. I can't see any rival offer bids coming in. I sold out this morning unfortunately. I was hoping this company was going places but we've been played a bad hand here.
Yep 2.35 is a joke of an offer, how the BOD think this is fair valuation is beyond me.... Sailpoint are getting a steal of a deal. All we can hope for is a rival bid/offer.
Anyone got any updates on speculation on what OSI will be doing these next few weeks? Or are we heading for this train wreck of a 2.35 sell out? Ridiculous
Started: livestock, 7 Sep 2023 16:16
Last post: Euston2283, 10 Sep 2023
Those hackers will not be worried at all.
Started: worst, 31 Aug 2023 09:45
Last post: BurrenBoy, 31 Aug 2023
They don't get option shares at 2p do they? Based on being over 4p for 30 consecutive days!
Maybe they will also bid 100million for Microsoft!
And 50 million for apple!
Here's hoping a rival bidder will emerge offering more than 2.35p - entirely possible i think
Wait to see what happens here... 2.35p is too much of a bargain.. it won't happen!!
I don't think they will get 75% approval to proceed. Who is going to accept a massive loss! Better to wait for investment and build a good future
Started: David, 30 Aug 2023 22:05
Last post: David, 30 Aug 2023
This company and work force has to be worth more than a few copper pence some shops not excepting pennies. ? Come on were are the bidders ?
I'll start at 10 pence ?
Hi
Surely it has to go to a vote
But gla
Why don't the private investors club together and bid?
Not too sure but, I think once an offer has been accepted there won't be a knight in shining armour to counter the initial bid,,hope I'm wrong though.Bought quite a lot here to get my average down to 2.27p,so will at least get my investment back,which is more than can be said ror most of my other shares,been a right downer the last three years or so.But is the worm on the turn?
Started: SharePicks, 30 Aug 2023 12:03
Last post: Dartron, 30 Aug 2023
Those 2p options were the give away as I said.
I think they have held off updates to the market to get this deal done. Probably wasn't as bad as they made out. I'm sure a handful of people have done well here at the expense of many. I sold for less, but the t.o. price is lower than what was my 3p average. Shows how these companies are investable floating over 1 pound and gone for tuppence.
David Guyatt runs the company down down down for 15 years, hands over to a new CEO nine months before it crashes into the ground. Good timing.
> Osirium employs approximately 40 staff including those in sales, marketing,
Why has the word 'sinecure' come to mind.
> What if a private equity fund decide to bid and provide capital for rapid growth???
What if they've already had millions and millions and millions and millions of shareholder funds for rapid growth, slow growth, and delivered nothing with it?
What if a private equity fund decide to bid and provide capital for rapid growth???
I paid 2.5p so a small loss but there you go. Better than the 1.2p it was this morning. So many small caps are at bargain levels
What point do they become customers? When a NDA is signed? Or when a LOI is signed, or when an order is agreed, there are many steps before receiving the paid invoice. Previously when they RNS a big contract it said, X million, to be recognised in yy years revenue. Nowhere near the same is it. What is the average customer spend here? It cant be much if they have run out of money again. This stuff is quite simple to read through for a company like this. How many are PAM customers? did someone buy a single end point license for a toaster?
You know nothing about what the customers look like here, other than they were not juicy enough to warrant an RNS, which given the poor show here, id of thought 200k spend would of got a whoop. Stop putting lipstick on this turd please.
Lol @Dartron, what the heck am i talking about when you yourself state the RNS wording as ambiguous? What part of with over 20 new customers signed so far in the year don't you understand? Seriously........ Tbh I shouldn't even bother replying to you. GLA.
Wording is ambiguous at best. They used to RNS large contracts, not for last 12 months, and company running out of money, tells me they don't have enough business.
RNS 18 July
Osirium has continued to grow within its target sectors in the first half, with over 20 new customers signed so far in the year. This includes several contract wins in the UK healthcare sector, where the Group has established a reputation as a key provider of privileged security.
GLA
What the heck are you talking about Yos3mitesam? No Contracts RNS this year.
That's why they go no money...
Started: Yos3mitesam, 21 Aug 2023 12:39
Last post: Yos3mitesam, 21 Aug 2023
Link to webinar for anyone who is interested to join.
Thu, Sep 7, 2023 2:00 PM - 2:20 PM BST
https://register.gotowebinar.com/register/8506080770707118174?source=Osirium+social+media
Swapped mine into Pod Point a couple of weeks back, up 20% already. While I felt there is some possible upside here, Pod point was a dead cert to rebound after its sell off. I guess if you looked at both business as speculative, and ones for the future, pod point has the edge as it is well funded and demonstrating growth, unlike here. I dont think I would buy back in here. Even a buy out at 3p, I would still be down. I can see Pod point at least bagging twice from the 30p entry I got. Good luck all. I shall keep an eye on it.
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.
Started: Yos3mitesam, 2 Aug 2023 23:02
Last post: Yos3mitesam, 9 Aug 2023
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
Started: foolsgold07, 26 Jul 2023 18:44
Last post: Bearsandbulls, 31 Jul 2023
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.
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
Started: Yos3mitesam, 26 Jul 2023 16:43
Last post: Yos3mitesam, 26 Jul 2023
16% finish on day. Well done to investors who grabbed a bargain.
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?
Started: EarlofAim, 12 Jul 2023 11:25
Last post: TastySalmon, 22 Jul 2023
I've read back through RNSs. Current CEO was at Bomgar (now BeyondTrust which sells PAM software, Est. $330M/year). Chairman, Sales Director and CTO were senior at MIMEsweeper, sold for $1Bn after 5 years. I guess they thought they could do that again and get rich quick? Osirium founded 2008 [Sir Ian, Sir Ian, Sir Ian] AIM listed 2016.
RNS highlights:
- 2016 April listing 10M shares at 175p, raised £5.1M, share price tips 200p, £17M market cap.
- 2016 July "strong and growing pipeline of new customer prospects, significant contracts in sight for 2016". Total revenue £162K.
- 2017 January "Revenue growth slower than expected, investment in core functions slower than expected".
- 2017 May results, appointed 4x Directors. Total revenue £477k. Share price lows of 93p.
- 2018 March placing 3M shares @ 134p, Chairman buys. Total 13M shares.
- 2018 April results, appointed 2x Directors. Total revenue £647k. [quiet year].
- 2019 April, share price drops off cliff?
- 2019 May results, total revenue £957K.
- 2019 October placing 7M shares at 34p, Directors buy in, £2.7M convertible loan notes for 2024 at 40p (lol). Total shares 19M.
- 2020 May results total revenue £1.17M. Share price 25p.
- 2021 April placing 9.5M to raise £2M, directors buy in. Total shares 29M.
- 2021 June results total revenue £1.43M.
- 2022 Feb, placing ~16M shares at 6p to raise £1M. Talk of $21Bn market opportunity. Total shares 34M.
- 2022 April results total revenue £1.47M. Almost same as last year? All those ~ business development directors ~ doing what?
- 2022 November placing 63M shares at 2p, raising £1.5M and 12.7M shares sold to Directors.
- Total shares in issue vague, ~95M + 20-30M of options/grants/convertible loan notes makes up LSE reported 122M shares, I think?
- 2023 March results total revenue £1.92M. Share price 2p.
- 2023 July share price 1.25p. £1.5M market cap.
In between those are contract wins, expansions, renewals, record growth and contract sizes, new industries, enormous opportunities, confidence in their strategy, record boot production, and always being at war with EastAsia.
They've lost thirteen million quid in five years but only now doing 'cost saving' measures?? Enough placings that IPO investors need 140x share price to get money back. What is the future, November placing 150M shares, March results £2.6M revenue, placing 300M shares, £3.8M revenue, placing 600M shares, £5M revenue and profitable, placing 1Bn shares to fund R&D because it's 2027 and everyone who wants PAM software has it by then? Sales Director who "saw 600% growth" at Bomgar was overconfident?
But they took revenue from £162K to £2M (12x), built sales networks, gained customers, new products, directors keep buying in, years of slow growth - but consistent - and they're levelling off the nosedive. Is it possible they can pull up into rapid growth? One more placing, 2x revenue to £4M and stop losing money by June 2024, >2x to £10M
The Company will be required to raise additional capital before the end of the year & are exploring all options in this regard. The Company has also identified additional cost saving measures which are being implemented..... Mmmmmmmm i wonder what the options the conpany is looking at in regards to the raise...... lets hope its benefits shareholders! also the cost saving measures will help so thats a positive. Either way the sp is a joke at this price. I feel sorry for people like alan who got in at around 20-22 pence! Come on osi dont let us down.
They have stated in the RNS will need to raise by end of year, imo i expect them to do it after the interim results in September 2023.
1
Market playing games here! Down this much on a £700 sell absolute joke! We had a positive RNS its not like the market didnt know they needed more cash yet a few weeks ago we were hovering around under 2p.... Come on osi give us some good news anything to stop this decline, cant be a raise at this silly price!
It is not quite my worst decision but not far off. I bought in at i think 20p if not 22p
It looks like a bit of a clanger at the moment
Started: deckchair66, 12 Jul 2023 05:56
Last post: deckchair66, 12 Jul 2023
I took a small punt here recently, just into profit.
clicked on the share graph and looked at sp a few years ago......news going me thinks.
Started: EarlofAim, 11 Jul 2023 10:33
Last post: EarlofAim, 11 Jul 2023
Home Security
Security
Barts Health NHS Trust faces cyber security incident
10/07/2023
FacebookTwitterPinterest0TumblrLinkedInEmailWhatsAppShare
The recent ransomware attack on Barts Health NHS Trust, the largest National Health Service (NHS) trust in the UK, highlights the persistent cybersecurity challenges faced by public sector organizations. The attack compromised data of approximately 2.5 million patients and has been described as the biggest breach of healthcare data in the United Kingdom.
One of the key elements of this attack is the involvement of the ransomware gang known as BlackCat or ALPHV. They have claimed responsibility for the cyber attack and stated that they have stolen 70 terabytes of sensitive data, including employee identification documents and confidential internal emails. The threat to publish this information on the dark web adds another layer of concern for the affected organization and the individuals whose data has been compromised.
This cyber attack on Barts Health NHS Trust is not an isolated event within the UK’s public sector. In recent months, there have been several cyberattacks targeting various organizations.
The University of Manchester experienced a ransomware attack that resulted in the breach of a NHS dataset containing information on 1.1 million patients across 200 hospitals.
Additionally, the University of the West of Scotland and Ofcom, the UK’s communications regulator, have reported ongoing cyber incidents. These incidents demonstrate the widespread vulnerability of public sector organizations to cyber threats.
The consequences of these attacks are significant. Beyond the immediate impact on compromised data, such incidents erode public trust in the ability of organizations to protect sensitive information. In the case of healthcare data breaches, there is a particular concern for patient privacy and the potential misuse of personal information. The affected organizations face reputational damage and may incur financial losses due to legal and regulatory implications, as well as the cost of remediation efforts.
To mitigate such attacks, it is crucial for organizations to prioritize cybersecurity measures. This includes investing in robust security infrastructure, implementing regular data backups, conducting comprehensive risk assessments, and ensuring that employees receive proper training on cybersecurity best practices. Collaboration between public and private sectors is also essential to share threat intelligence and develop effective response strategies.
In conclusion, the ransomware attack on Barts Health NHS Trust and the broader cybersecurity challenges faced by the UK’s public sector underscore the urgent need for improved cybersecurity measures. Proactive efforts to strengthen security infrastructure, enhance employee awareness, and promote collaboration among stakeholders are necessary to protect sensitive data and safeguard public trust.
This should be getting government level contract like we've seen during the Covid times.
this is serious, NHS cyber attacks needs Osirium Tech ASAP and should spend £200m to bring other NHS Trusts to Osirium cybersecurity tech
mcap £2m is Phenomenal value
This could be government level contract like we've seen during the Covid times.
this is serious, NHS cyber attacks needs Osirium Tech ASAP and should spend £200m to bring other NHS Trusts to Osirium cybersecurity tech
mcap £2m is Phenomenal value
This is missed by many!
Osirium already have a few NHS contracts, no doubt they will be getting a lot more
UK Suffers ‘Biggest Ever’ Ransomware Attack on #NHS National Health Service
https://www.latestly.com/technology/uk-suffers-biggest-ever-ransomware-attack-on-national-health-service-says-report-5256069.html
Osirium has only few NHS trusts contracts, more to come!!!
London: The UK’s largest National Health Service (NHS) trust has yet again suffered a ransomware attack on its systems, compromising data of about 2.5 million patients, media reports said. Calling it to be “the biggest breach of healthcare data in the United Kingdom”, the notorious ransomware gang BlackCat claimed to have stolen 70 terabytes of sensitive data from Barts Health NHS Trust, which runs five London-based hospitals, the TechCrunch reported.
The sensitive data includes employee identification documents, including passport and driver’s licences, and internal emails labelled “confidential”. BlackCat, also known as ALPHV, had given a deadline of Monday before it starts publishing the information most of which are “confidential documents” on the dark web
Last post: Yos3mitesam, 11 Jul 2023
Right place, right time! With the way things are going with these NHS cyber attacks & others, i expect osi will have multiple contracts in the bag. Long term this has all the hallmarks of being something special. Good luck all.
Osirium already have a few NHS contracts, no doubt they will be getting a lot more
UK Suffers ‘Biggest Ever’ Ransomware Attack on #NHS National Health Service
https://www.latestly.com/technology/uk-suffers-biggest-ever-ransomware-attack-on-national-health-service-says-report-5256069.html
NT to buy and lots of tweets on PAM privileged access misuse (PAM)
"received a research & development tax claim of £640k on top of what they have."
that's fantastic news for the company.
I reckon Some big contracts on its way.
Wonder why it's NT to buy?
big NHS contract due?
Started: EarlofAim, 11 Jul 2023 12:14
Last post: EarlofAim, 11 Jul 2023
Started: EarlofAim, 11 Jul 2023 10:18
Last post: EarlofAim, 11 Jul 2023
More NHS contracts should be coming
UK Suffers ‘Biggest Ever’ Ransomware Attack On NHS: Report
Gone up today 5%,we haven't even sold a siongle share,so if we all keep our money in our pockets this will be well over a quid by xmas!!!!!"!
Started: Porky9, 24 Jun 2023 06:34
Last post: Yos3mitesam, 4 Jul 2023
“The demand for privileged access security continues to surge. Organisations increasingly recognise the approach as an essential component of cybersecurity, reinforced by recommendations from governing bodies and heightened cyber insurance requirements. Osirium’s sector agnostic solutions, the ability to lead with any of our three products, and our well-developed global sales network puts us in a powerful position to keep expanding our presence. We’re truly excited for the future, and have full confidence in the continued growth of the business.”
Sudden dash for the exit, Placing?
The concerning thing about this considering how wonderful it is, is the SP just keeps going down. It is now a 5th of what I paid and shows no signs of heading upwards.
These NHS attacks & others just keep popping up! osi is in the right place at the right time. Good luck all.
St Bart’s Hospital has suffered a major hacking incident, reported last week. NHS trusts seek anti hacking protection.
Selected partners may offer promotions for new customers. We may earn a referral fee if you open an account
Follow the stocks
that matter to you
Create a free LSE account to:
Already a member? Log in
Create Free Account

