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Falanx shares starting to motor - hang on, price target increased

By HotStockRockets | Thursday 13 October 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.


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...


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