Falanx - Placing & Acquisition: Strong Buy

By HotStockRockets | Wednesday 7 March 2018

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.

As we write the RNS states that an accelerated book build to raise £4.6 million is underway at Falanx (FLX). In fact the placing has been done and management is putting in about 7% of the funds with chairman Mike Read on the hook for £250,000+. This is a very good deal.

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