Falanx Share Discussion Threads

[yump] 26/1/2018 19:02

They are clearly keeping their tinder dry and quietly getting on with business rather than responding to bulletin board worry and their efforts will result in the market sitting up and taking notice big time when the ground-breaking contract news emerges and all the trolls who think its a load of old rubbish will have to eat their words when MidGard is employed at enterprise level and all shareholders will revel in giving the BOD massive bonuses in reward for their foresight and dedication.

Amen.

[owenski] 26/1/2018 16:48

Ebomber has posted some facts and the cash burn can be worked out by anyone - they will be raising funds again.

Kaka you talk a load of kaka

[sclper] 26/1/2018 15:51

The recent contract win was with an existing customer so it's not even a fresh revenue stream. Also it doesn't mention Midgard which the company invested heavily in but doesn't seem to be bringing in sales.

[onjohn] 26/1/2018 15:48

2p on way lads

[ebomber] 26/1/2018 15:46

Just brought to my attention ShareProphets (SP) are pumping this stock.

That says it ALL. The share price keyboard warriors say one thing whilst they "short the stock".

This has a definite health warning written all over it.

[ebomber] 26/1/2018 15:41

Note the excellent contract win announced on 15 Jan 2018 (see below)

Contract Win
The Board is pleased to announce winning a new 3-year managed Cyber Security service contract with a premier UK Health Sector organisation, which has been a valued client of Falanx for over two years. This will generate in excess of GBP250,000 of revenues for Falanx during the course of the contract, further improving visibility of forward earnings.


Struggle to see how £7,000 per month (£250,000 / 36 mths) will cover the bills. To avoid the forthcoming fundraise need 35 more contracts in the next month of equivalent value.

Suggest it is not going to happen!

[sclper] 26/1/2018 15:35

Yeah, I can smell the cash burning a mile off.
The company was so embarrassed about the massive increase in admin expenses that it couldn't even mention them in the interims commentary nor say that they would be reduced. Instead it made a big deal about an 18% rise in revenue which is very poor for a small company in the tech sector.

[ebomber] 26/1/2018 15:28

Extract from FLX September 2017 Interims

The Board is pleased to announce robust growth and believes Falanx is on track to deliver against markets expectations of achieving profitability in the year.

Period Highlights
Financial
-- Continued growth across all service lines with significant growth in revenue year on year
o Group Revenue +18% increase
o Cyber Revenues +40% increase
o Intelligence Revenues +9% increase
-- Cash balance of over GBP1m on 30(th) Sept 2017 (Sept 2016: GBP0.8m)
-- Balance sheet entirely equity financed and debt free

-- Placing of GBP2m of equity in May 2017 used to undertake acquisitions, seed the development of MidGARD and augment growth


Cash burn appears to be at a rate of some £1 million every 4 months (£250,000 per month) based on companies own calculations.

If £1 million cash balance on 30 Sep 2017 and no significant revenue then placing due in next 4 weeks (20 trading sessions).

Keep your powder dry and pick up some cheap stock at sub 4 pence in next month. They clearly need another £2 million in the very short term. Look forward to reading that RNS!

Time will tell..............diary note for Friday 23 Feb 2018 to see level of dilution.

[sclper] 26/1/2018 15:26

I also don't think a placing is far away now. FLX comes to the market regularly for more funds and the market knows it. I expect to see further share price weakness as the placing draws closer but I also think the company will try a pump first. So watch out for an interview or a bullish trading update to signal that the placing is about to happen.

[ebomber] 26/1/2018 15:18

Extract from FLX September 2017 Interims

The Board is pleased to announce robust growth and believes Falanx is on track to deliver against markets expectations of achieving profitability in the year.

Period Highlights
Financial
-- Continued growth across all service lines with significant growth in revenue year on year
o Group Revenue +18% increase
o Cyber Revenues +40% increase
o Intelligence Revenues +9% increase
-- Cash balance of over GBP1m on 30(th) Sept 2017 (Sept 2016: GBP0.8m)
-- Balance sheet entirely equity financed and debt free

-- Placing of GBP2m of equity in May 2017 used to undertake acquisitions, seed the development of MidGARD and augment growth


Cash burn appears to be at a rate of some £1 million every 4 months (£250,000 per month) based on companies own calculations.

If £1 million cash balance on 30 Sep 2017 and no significant revenue then placing due in next 4 weeks (20 trading sessions).

Keep your powder dry and pick up some cheap stock at sub 4 pence in next month. They clearly need another £2 million in the very short term. Look forward to reading that RNS!

Time will tell..............diary note for Friday 23 Feb 2018 to see level of dilution.

[kaka47] 26/1/2018 08:45

Russian cyberattack could kill thousandsDeborah Haynes, Defence EditorJanuary 26 2018, 12:01am, The Timeshttps://www.thetimes.co.uk/article/russian-cyberattack-could-kill-thousands-rhs5ggh9g

[kaka47] 25/1/2018 13:21

What are the benefits of going Cyber Essentials PLUS, rather than just Essentials? Falanx Cyber's Toby Western, explains ow.ly/zqJP30hPNfs #falanxcyber #cybersec

[nearlythere] 24/1/2018 13:39

Yump

At this time shareholders have little to show after 12 months and 2 million pounds, the share price is 0.05 which is lower than it was this time last year. However very soon we will know and it is all about the money now. So far imo there is nowhere near enough contracts to provide breakeven and time is getting shorter by the week.

Imo The next 10 days or so will determine if it was all fluffy nonsense. If there is no update or a blah blah blah update, imo 100 million shares @ 2p, if we get news on reasonable contracts with clear details showing good evidence of breakeven (hopefully including some comments on costs) then 25 million @8p to see what next year brings.


So far for a company with a disruptive product and expecting breakeven the markets reaction has been shall we say muted

[yump] 24/1/2018 09:01

The fuss about MidGard concerns whether it is a new ground-breaking product and therefore whether it will capture new clients.

So far, the statements are simply not clear enough to work out either way, whether MidGard is simply being introduced to existing clients as part of their renewal package, or whether there are new clients.

A 'pipeline of MidGard clients on-boarding' could mean anything.

I am 100% sure that if they captured a big or a series of new clients because of MidGard, they would be making a right song and dance about it. They haven't, so I reckon these are all existing clients being 'on-boarded' (how I hate that phrase).

If that is the case, then the issue is how much extra margin FLX get by using MidGard as against external licensed products (this benefit was mentioned ages ago).

[sclper] 23/1/2018 19:31

Kaka47 - you sound like a very sophisticated investor LOL.

[kaka47] 23/1/2018 19:24

You are lie to much

[sclper] 23/1/2018 19:21

Not for Midgard.
Midgard was officially launched over four months ago on 13 September. Neither of the 2 contract wins announced were for Midgard.

[kaka47] 23/1/2018 19:20

BS READ THIS YOU MUPPET Mike Read, Chairman and CEO, commented:"Since taking over as CEO and conducting a far-reaching review of our business, I am pleased to report Falanx continues to grow and remains in-line with the Boards expectation to move into break even within our financial year.The contract wins announced today provide visibility of high quality recurring revenue, which is further supported by our strong pipeline of MidGARD clients on-boarding now and in the future.