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Falanx - new CFO, check out that CV

By HotStockRockets | Sunday 12 March 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.

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.

"Prior to Falanx, Craig served as Finance Director and Executive Committee member at Global Strategies Group (London) ("Global"). Global Strategies Group is a worldwide defence organisation offering technology, consultancy and services to meet National Security, Critical Infrastructure Protection and Enterprise Risk Management needs. Global at one stage generated annual turnover in excess of $500m, with operations stretching over 5 continents and consisting of approximately 5,000 employees and contractors."

Before that he counted beans at Deloitte. But it is clear that Mr Dawson is a big heavy hitter. He starts on an initial six month contract but for a man with his CV to show interest in such a small firm is a real vote of confidence. Dawson would not have joined without checking out the numbers first so you can bet that he is an insider on that trading statement.

Falanx has served up a series of snippets about contract wins but the trading statement will, we believe, put real meat on the bones in terms of the drive towards showing real profitability. And that is why we expect the shares to go sharply higher soon. 

This article first appeared on HotStockRockets - its always paying customers first.  If you missed out on last week's  red hot share tip, fear not there are TWO more on the way within the next three weeks and you can access both and all of our archive for just £5, HERE

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