Member Info for Cevodniya

Yes, but only modestly.

The most recent Defence Holdings announcement appears to be the strategic partnership for its accelerator programme, bringing in Intelligence Management Support Services (IMSL) as the first formal delivery partner. While not a transformational revenue contract in itself, it is another piece of evidence that management is progressing from concept and networking into actual commercial relationships.

My view of the investment case has changed in the following way:

Period Previous View Updated View

End-2026 2p–5p 2.5p–6p

End-2027 4p–10p 5p–12p

The reason for the upgrade is not today's RNS alone. It is the cumulative effect of:

Increasing evidence that the accelerator model is attracting defence-related partners.

Continued positioning around sovereign AI and UK/NATO defence programmes.

Appointment of a CEO with significant government and defence technology experience.

Growing UK and European defence spending following the Strategic Defence Review and wider geopolitical environment.

What would change my valuation materially?

A genuine revenue-producing contract.

If Defence Holdings announced:

a Ministry of Defence contract,

a NATO-linked deployment,

a major defence prime partnership,

or recurring SaaS/software revenues from its AI products,

then I would revisit the model entirely because the market would stop valuing it as a speculative defence technology platform and start valuing it on commercial execution.

For your holding, the important distinction is that today's announcement is positive but not yet the sort of RNS that justifies a tenfold increase in valuation. It nudges probability in the right direction rather than fundamentally changing the story.

If Defence Holdings can secure even one meaningful contract during the second half of 2026, I could see a speculative spike back toward 8p–15p. Without contracts, I still view 1p–3p as the most likely trading range over much of 2026.

Given your portfolio, I would still regard Defence Holdings as a high-risk option similar to where Empire Metals was before the titanium breakthrough—except Empire now has a defined resource and development pathway, whereas Defence Holdings is still proving that its commercial model can generate substantial revenues.

M22, wako and humility, dear me.

Pretentious, arrogant, condescending, psuedo intellectual public schoolboys are incapable of integrity, humility and ??

Pizel, ask yourself a question.

If you had the options at 1.38p, would you sell?

Most option holders as you know want a minimum 5x and normally 10x return.

These holders aren't generally small tadpole day trader mentality but long term wealth generators.

Pensioninvestor.

Of course you have the democratic right to state your opinion, as the flat earth society, the Apolllo moon landings never happened et al.

But serious adults, normally back up predictions with fundamentals.

Simple really.

Where is he today?

Hopefully, not choking on his daily Greggs sausage roll.

But he normally gives us his daiky wisdom.

Pensioninvestor, why 2.5p.

Seriously, give us some fundamentals, company capitalisation, ROI, profit and revenue generation.

Don't be a moron and simply state one liners.

We're experienced investors here, not penny share speculators.

Asimpleinvestor, we are truly blessed to have such an investor of your expertise and experience to guide us.

People of such esteem as yourself, a self made billionaire, rarely have the time to guide us mere double digit millionaires.

Thank you again for your wisdom, guiding ys through the rise and pullback of this share as the company grows embryonically.

I await your wisdom in 2030.

Minimum 5x, probably 10x

Gravytrain, get back to the dog of a share you are in before your stalking behaviour landed you here, a fantastic investment opportunity that you fell into by complete error.

No analysis, no fundamental decisions.

Just pure luck given to you on a plane and you have the audacity to comment.

Wako, I'm not a company submitting a profit/loss account do don't be disingenuous.

For a single investor a loss or a gain is not realised until it's crystalised.

Don't try and be clever.

Wako, average is 1.566p, no loss as you know at the moment because a paper loss is the same as a paper gain, simply non crystalised.

I wonder if it goes over 1.566p you'll post re my gains?

The Exan, it's a speculative play and the greatest returns are in embryonic startups ala Apple, Amazon, Bodyshop et al.

Re spelling, The reality is you were cutting abd pasting US English articles and couldn't be arsed to proof read.

You didn't know the difference between licence and license.

You are a should of, would of, could of individual when you know deepdown it's should have.

You've stopped your incessant posting of plagiarised material, thankfully.

But, don't try and convince us that you are an intellect.

You are a microbe.

Theexang, people have such an inferiority complex.

On any share thread, if a person is simply honest and states their holding, somebody with less always posts.

Bragging,

Delusional.

Wako's favourite is fantasist.

Sometimes it's the use of the word allegedly holding.

You have to laugh, it's a reflection of a modern narcissistic society. Theexang, you've evolved from an individual who couldn't even spell the company's name correctly i.e the village idiot to the now social psychologist analysing behaviour as the village intellect.

Que sera, sera amigo, es vida.

Theexang, people have such an inferiority complex.

On any share thread, if a person is simply honest and states their holding, somebody with less always posts.

Bragging,

Delusional.

Wako's favourite is fantasist.

Sometimes it's the use of the word allegedly holding.

You have to laugh, it's a reflection of a modern narcissistic society.

This company is positioned in the right sector at the right time.

It has an absolutely superb BOD and an extremely experienced and capable CEO.

It's actually the CEO who gives me confidence.

142 million share options in 3 tranches pails my just over 27 million into insignificance.

I'm convinced he won't exercise any until 5x minimum and 10x is achieved.

I'll settle for 10x 6.9p.

That's my confidence.

TheEx not panicking at all and Defence Holdings is nowhere near my largest play.

Rolls-Royce, EEE are much larger positions.

My point and you are a perfect example is talk.

So much talk, you've cut and pasted so many comments over the months and couldn't even spell the company's name correctly.

This share has been ramped to death.

Revenue is the key driver.

Nappers, you know some pedent will correct you that today's statement isn't an RNS.

Nappers, more eloquent words, but no meat, i.e revenue.

Nothing released impresses the city, institutions or investors,.

Why?

Are they not as intelligent as you.

Not the same extraordinary vision?

Where's the numbers.

I've over 27 million of these, how many have you?

I've been investing for over 45 years and unless something has changed, it's revenue generation and profit that determines a company's performance and SP.

Not words, not extremely informative and technical statements .

Simple revenue forecasts.

Nothing anyone has said has impressed the city.

Where are all the seasoned investors, institutions, weslth trusts, buying in at such a low SP.

One poster earlier today, suggested a capitalisation of £1 billion, on what basis does this share move 33x?

No I didn't retirment.