By Ben Turney | Thursday 17 April 2014
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.
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?
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Time left: 20:27:13