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Falanx Group - Dismal Results but that is no shock - future bright: Buy

By HotStockRockets | Thursday 21 July 2016


Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Falanx Group (FLX) says that its results for the year to 31 March 2016 were in line with expectation. Put another way, they were predictably dire with sales coming in at £1.81 million, down from £1.92 million) and the loss before taxation hitting £2.65 million, up from £2.20 million. However...


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