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This share is firmly at the bottom of my portfolio, I bought in late September and is always in the red. The graphs looked pretty good until I bought in
From the dizzy heights of £22+ back in September and a 21% drop since...share price back to where we were in June?
Travel restrictions should help boost SCT revenue - less possibility of business travel
...and a nice 3% bounce today, so back up above Monday's close! Hurrah!
finished down 1.5% - seems about right to me!
Yes, there is nothing to worry about here. Looking at Bidstats they continually win new tenders and increase value on existing contracts. As mentioned a nice increase in dividend, this as I said before is difficult share not to be in.
Figs today were good, and special divvy being paid as well. However, market disappointed by flat Op profit outlook but it appears this has more to do with strong investment in the business (important for software company) rather than disappointing sales. Of course we might see further moves down in the price from here as stale bulls exit, but stock looks well placed from a longer term perspective.
I bought into SCT in late September and they’ve fallen every day since. Apologies, that’s what happens when I take the plunge on anything with a good upwards trend.
OSI yesterday RNSed some useful research on ransomware, which is of relevance to SCT:
08/09/2021 07:00 RNSNON Osirium Technologies PLC Release of findings from Osirium Ransomware Index
"Osirium research finds UK businesses vulnerable to ransomware attacks
Osirium Technologies plc (AIM: OSI), a leading vendor of cloud-based cybersecurity software, has today released findings from a research report it has undertaken, suggesting many UK businesses are not sufficiently protecting their critical IT recovery systems should a cyber-attack occur.
The Osirium Ransomware Index surveyed 1,001 IT managers in the UK and found that 80% of businesses rely on backups (whereby a copy of computer data is taken and stored elsewhere) as a plan of recovery should a cyber-attack occur. Yet despite this reliance, only a minority take extra precautions of using privileged access management to protect their backups, leaving the bulk of UK businesses vulnerable to attack, as our report highlights.
Key findings of the report:
- Overall, 79% (4 in 5 businesses) surveyed admitted that they have experienced at least one ransomware attack, with 68% of these stating the attack occurred in the past year.
- Despite 98% of respondents saying they were aware that backups are a target of ransomware attacks, over half do not keep offline backups and only 35% take extra precautions to protect access to backups and backup management systems.
David Guyatt, CEO of Osirium, commented: "Cyber-attacks on UK businesses remain a very real threat and unfortunately is an everyday occurrence for organisations across all sectors with potentially profound consequences. Our report highlights the degree of vulnerability that persists, with 58% of UK businesses surveyed only feeling 'somewhat prepared' for the eventuality of a ransomware attack. M any businesses know they need to bolster their backup protection, and this awareness continues to drive new opportunities for our privileged access management solutions."
Further information on the Osirium Ransomware Index can be found here:
https://www.osirium.com/documents/osirium-ransomware-index
https://uk.advfn.com/stock-market/london/osirium-technologies-OSI/share-news/Osirium-Technologies-PLC-Release-of-findings-from/86001225
@M_Night - "Not a ramp, just a tip. :)" - yeah right, you've posted the same message on numerous boards and you state you own the stock - and it not a ramp!!! - pull the other one.
Look up TERN plc, currently available at 18p a share at a 60mil mcap.
They hold a majority stake in several companies, most notably a 60% holding of Device Authority, which provides some of the best in class security in the IoT space.
They are used by Microsoft, Entrust, Dell, Medigate and many others to name a few: https://www.deviceauthority.com/ecosystem/our-partners
Device Authority's competitors are valued at about 4-8bil and recently it was recognised as offering a better solution than its competitors: https://www.deviceauthority.com/news-article/device-authority-leader-spark-matrix-iot-identity-and-access-management-iot-iam-2021
Device Authority's Keyscaler is the only solution that can delivery security steps 1 to 5, at scale and with zero touch in the IoT device security sector. Hence why it is used by the biggest mammoths in tech. It is the gold standard in this space.
Do your own research of course, but this company is going to be worth magnitudes more than it is worth now and TERN's share price will re-rate into the pounds. The largest holders expect this.
You can currently buy TERN shares for less than the recent placing which was 18.8p. It'll soon head back to the high 20's and break 30's as it is going to be listed in the US within the next few weeks.
Not a ramp, just a tip. :)
Dividend straight back into shares for me. Has been a big drop from almost 2000p to here
Divi now received in my Halifax account.
EQi paid 14 May
I’m with Halifax and I haven’t received it either.
Did I mistake that a dividend was due on 14th May? Nothing has gone through my account with the Halifax. If it was due to be paid, has anyone received it yet?
They were down on Wednesday so bought some more. The Q3 announcement is likely to be very good after all. Bullish noises for the rest of current financial year, likely to drive the sp higher in the short term £20+. There will be a short term dip of 10% at some point, not yet.
If you go, there will be trouble! If you stay, you might just double!
This is a difficult share not to be in. I learnt my lesson with the likes of Ashstead and Spirax Sarco sold out after making good profit and they keep rising. Softcat is definitely a momentum share, there not easy to find with a good divi as well.
Only bought a modest amount @1473 after seeing the Trading Update. Surprising how far the price can travel after the official results come out. Have set a price over £19 to sell at. Though will hold on till Q3 announcement, if any closer. Wouldn't put off anybody holding, as this is a good company with no debt. After selling will reserve money and buy back and acquire some more, if a market correction occurs at the right time. From my point of view, just a pity I wasn't looking to buy a few years ago.
Good luck to all.
hmmmm - approaching £19. In the words of The Clash, Do I stay , or do I go........?
Very good. Similar growth in the second half would yield eps of around 55p, so c30x earnings - not cheap, but not horribly expensive. I think this could go to mid 30 PE. so around £19 would seem a reasonable short term target. I think I'd let them go at that level.
Outlook: the second half has begun well and the Board is confident the Company will deliver a full year result significantly ahead of its previous expectations.
They can sell when they leave the Firm. They can't need the money given the salaries they're on. Lot's of good research on correlation between insiders selling and stock prices.
RT - odd response, but glad you're happy.