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?
Already a subscriber? Click here to sign in
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |
Site by Everywhen