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Falanx Interims - still a buy

By Tom Winnifrith | Wednesday 20 November 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.


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.



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