By HotStockRockets | Friday 17 February 2017
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.
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.
So Falanx has been working hard on cyber threats for more than a year. And the man heading up the new unit is Jay Abbott who has been with the company for a good while. Falanx says
"Falanx Cyber Technologies uses knowledge gained in Falanx Cyber Defence, our managed service business, to develop and produce a range of proprietary technology to continuously improve our 'Security-as-a-Service' offering. We also distribute through channel partners to the wider SME and Major Enterprise market."
Whatever. It is hard to see this announcement as a bombshell although we note the assertion
This form of rapid technology development, based on real-time operations, carries an extremely low cost and we therefore remain on track to achieve profitability and positive cash flow next financial year
That is a bit more like it. Falanx shares are cheap. What we want - and expect - is hard metrics on current trading and new contract wins. We hope for that around the period end in late March and early April. That will give the shares, now 6.25p-6.75p, a re-rate so, while bored senseless by the latest RNS, we suggest a stroing hold - at worst - ahead of those hard numbers.
We expect to be selling at well over 8p within two months.
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