Tuesday 30 May 2017 | The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares
Four times in the past three or four months we have advised our readers to bank big gains on shares we tipped - the one before the one before last was a 77% profit (offer to bid ) in just 12 days. But though we target quick gains, most tips take rather longer to make money for our readers. take Falanx (FLX) we tipped it last year at a 4.75p offer - it is a solid cashed up fast growing cyber security play. We like it so much we own a few shares too but won't be selling any of them till after our readers bank big gains. The shares are now 9.5p -10p! That is a potential 100% offer to bid profit!
We own Falanx (FLX) shares and are currently well over 100% up on our investment with stock at 9.5p mid. HotStockRockets readers are now 100% ahead on the share tip too. So with the stock surging on the basis of the massive cyber attack that started on the NHS on Friday what to do? First realise that this is a political scandal.
How often do you see a small AIM company raise a good whack of money relative to its market cap (in this case the new shares issued are just under 20% of the enlarged total) and still see its shares go up on the day? Once in a blue moon. Well it has happened with Falanx (FLX), whose shares closed at 7.5p-8p.
In this video from the storming success that was the 2017 UK Investor Show, Stuart Bladen, CEO of Falanx Group (FLX), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
You would not have thought that Falanx (FLX) had, yesterday, served up some cracking news but it has. The shares rose just a fraction tpo 6.5p-7p. The market is missing what is going on for now, here but the import will sink in. We are well ahead on our 4.5p offer share tip but there is plenty more to go for.
At 6.25p-6.5p cyber security group Falanx (FLX) is capitalised at just £8.2 million. We think it will go higher. It is well up on our share tip at a 4.25p offer so the stance is hold but this should be trading at well over 8p to sell ( our target) post the year end trading statement in a few weeks. But pro tem we were told last week that it has appointed Craig Dawson as Chief Finance Officer with immediate effect - check out his CV.
In a very strong contender for non news of the week Falanx (FLX) has announced the creation of a new business unit, Falanx Cyber Technologies. Right.
Like London buses in days gone by, announcements from Falanx (FLX) do not happen for what seems like an eternity then three arrive on one day.
Normally we do not like share options for management. They are one way bets and are not structured to incentivise but merely to reward the board by diluting those who actually have to put cash up front, mug punters, ordinary investors such as you and us.
The AGM of Falanx (FLX) on Thursday was a cheerful affair. We tipped these shares at a 4.25p offer in May. They are now 6.75p-7.5p. ot only were all the usual tedious resolutions passed but there was an upbeat trading statement.
There is a very strong AGM statement today from Falanx (FLX). I must declare that we own shares in this company. What follows is a Q&A I have just done with Mr Falanx John Blamire.
Intelligence, security and cyber defence group Falanx (FLX) has announced results for its half year to 30th September 2016 and a “continued drive to positive cash flow from operations next year”.
Shares in Falanx (FLX) have "melted up" to 6.75p-7p. The spread used to be enormous but has narrowed pleasantly and the trend is clear. You may have spotted that one investor, Steven Myers, has been buying aggressively and now holds 12,701,000 shares, 10.17% of the equity. Who is he?
So much news so where to start? At the top perhaps? Falanx (FLX) has appointed a new CEO Stuart Bladen. He will work alongside John Blamire who stays as an executive director which is good news.
Back in May, we tipped Falanx (FLX) at a 4.25p offer and a 6.625p limit buying price with a target to sell at 6.5p by August. There have been a few delays caused by a stock overhang and the placing needed to clear a death spiral. But the shares are now starting to motor ahead. They now stand at 6p-6.25p. Do not sell. In fact...
Falanx Group (FLX) has raised £750,000 at 4p in a placing organised by new broker Turner Pope. It was Turner Pope that approached Falanx and we know most of those who put up the cash and they are firm-ish holders not flippers. Turner Pope will get its commission and also 468,750 shares with a six month lock-in.
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...
We own these shares so clearly we are not impartial in what we say about the most incredibly brilliant and perceptive broker report in history. That was my little joke before Wildes reports me to the FCA again. Anyhow Whitman Howard has published a detailed not on Falanx (FLX) as it initiates coverage. Analyst Christopher Furness says:
The shares were 4.25p offer when we tipped this but they are still cheap. Naturally our paying customers got in at lower levels that you can today. However the thesis stands. Falanx (FLX) has not covered itself in glory since its AIM admission just under three years ago. There have been a couple of profits warnings and, just over a year ago, there was a change of strategy, a shift from profitable but dull traditional security to dealing with cyber security. It sounded sexy but it meant huge losses and the shares have slumped to 4p-4.5p. But they are now a buy. Why?
If you want me to analyse a stock for you just drop me a line at email@example.com - Today I look at shares of Falanx (FLX), Flybe (FLYB), Oilex (OEX) and offer some share price targets.
As can be seen from the daily chart trace of Falanx (FLX) over the bulk of the past year, it has generally not been a happy time for the longs, with a deeply entrenched bear run ruling the roost for much of the period.
For some reason it did actually seem that Falanx Group (FLX) shares had been treated rather unfairly by the market going into this week, although it should be said that the subsequent move to the upside will have surprised the bulls in a pleasant way. There is now an interesting share price target.
Security group Falanx (FLX) is potentially a classic value investment with “cloud” upside. At 47.5p it might be worth a nibble. Here’s why.
Falanx Group (FLX) is a bit of a mystery. From the release of its interim results on November 19th last year through to a generic announcement concerning the exercise of warrants on March 13th this year, the company didn’t provide the market with a single update. Yet this didn’t stop the share price rising from 13.2p to 30p over the same period. In the month since, the stock drifted. Suddenly today, the company announced a deeply discounted placement “without the assistance of corporate brokers”. If you find this a bit odd, it is because it is, but should you write this off as a stock to buy?
Security and risk management consultancy, Falanx Group (FLX) has announced a maiden pre-tax profit (£35k) on revenue of £2.18 million for the six months ended 30th September 2013, with Chairman Karl Barclay stating that, “given the expected expansion of work in the Middle East and North Africa, and the new opportunities offered through consolidation of cyber security services, I am confident that the group has a sound base on which to grow the business over the coming months and beyond”. The following updates on a stock added to the Penny Share portfolio on my Nifty Fifty website at a 12.25p offer price last month. The stock is now 14.5p.
Investment Case: International security and risk management consultancy with clients including blue chip corporates and governments, Falanx Group (LSE:FLX) only listed on AIM in June, raising £0.595 million at 12p per share on admission – the shares are now 12.25p to buy.