Falanx Share Discussion Threads

[chinese investor] 08/2/2018 09:25

Looking Good !

[sclper] 08/2/2018 09:23

I just double checked and the corporate broker said on 21 December 'Net cash should be at least £0.2m at the year-end date, after capex, but the balance may be higher post advance customer payments.'

[yump] 08/2/2018 09:23

I think what it needs for the share price to really get going, is to get a contract through Stone Group, where MidGard and the rest has been shown to solve the problem of multiple risk areas. Businesses don't have as many areas and generally each business has to be sold to separately.

Education has the potential to then go for it across the board, if budget is available, but if there are savings from using MidGard for the next upgrade to protection, that's an incentive as well.

[sclper] 08/2/2018 09:16

Interesting that TW and now Beaumont say the company is funded. I think the forecast was for cash of £0.2 million at 31 March. Perhaps that will be higher now with the contact wins.

[jestercat2] 08/2/2018 09:05

Thoughts from broker Beaumont:

"Falanx remain funded in the near-to-medium-term and we expect organic cash flows likely to grow strongly during FY19 to achieve positive underlying EBITDA. We maintain our Speculative Buy rating on the shares with a target price of 10p."

[rathean] 08/2/2018 09:00

They're just trying to mug you of your shares on the cheap, management delivering on promises with multiple contract wins and with each one their cost per contract decreases... the beauty of SaaS software delivery.This one is a definite add, trick has always been to know when the potential becomes a thing and we're seeing that now. Imo, dyor.

[kaka47] 08/2/2018 08:46

As Hamidahamida saidMidGard means automation means less of highly skilled staff required means high margin and strong cash generation but as usual derampers are deliberately choosing to ignore all that and obviously you lot don't give a toss what yesterday's signed up top law firm client said about MidGard

[kaka47] 08/2/2018 08:44

First half Cashburn was due to the development of in-house technology MidGARD and there is none of that is recurring in the 2nd half hence the reason break even

[superg1] 08/2/2018 08:43

It would be good to see the company do well just some questions at this time.

Believers will buy and some waiting for meat on the bones may buy if delivery is evidenced.

All this daft talk on various shares of missing out is nonsense.

Generally that's by lemmings with a £500 punt.

It has amazed me over time re serious PIs out there who can make more on a 1% move than the lemming guys can on a 10 bagger.

[nearlythere] 08/2/2018 08:23

All imo

After all the news the reality is the share price is still well down.

On the plus side.

Midgard is now selling to large companies.
Existing customers are remaining with flx.
Management credibility has improved, their view of q4 seems to be holding up.
Even with Flx being so small it seems to be competing and winning against much large companies.
The statement of more contracts to come seem reasonable.

On negative side.

How much money is left
Why was the increase in cash burn not explained, one off costs or reoccurring
How long before the competition are able to replicate Midgard.
where are the resources to allow growth.
Poor communication with shareholders

Ok course if over the next few weeks there is a stream of rnss for contracts of 700k then things will be looking much better.
The market reaction is somewhat worrying. Large contracts with top companies, breakeven expected in 8 weeks and management statements of expecting more contracts soon yet the markets seem unconvinced.
The next few months will be very interesting.

[kaka47] 08/2/2018 07:57

THIS IS WHAT THE CUSTOMER SAID ABOUT MidGARD ....The Chief Information Security Officer (CISO) of the firm said "we are delighted to sign up to the MidGARD service. We believe we're disrupting the traditional approach to security in the legal sector with regard to information security. Falanx was set apart from their competitors because of their market leading technology and business partnering approach.

[hamidahamida] 08/2/2018 07:54

MidGard means automation means less of highly skilled staff required means high margin and strong cash generation but as usual derampers are deliberately choosing to ignore all that and obviously you lot don't give a toss what yesterday's signed up top law firm client said about MidGard

[yump] 08/2/2018 07:40

Actually this thread is quite readable if you remove the rubbish on both sides.

[pj 1] 08/2/2018 07:38

lucicavi
8 Feb '18 - 07:20 - 4268 of 4271
0 0 0
The point is it seems they need to fund raise to qualify as a going concern or accounts will be qualified
=================================================================================
You point you are trying to make is totally incorrect, but you may wish to repost something that makes sense in the first place

[yump] 08/2/2018 07:33

Worth noting that FLX themselves have gone from expecting profitability this year (interims), to expecting breakeven this year (managed services update).

So those articles in blogs etc. aren't even up with what FLX say.

[yump] 08/2/2018 07:29

In theory they're going to save £500K a year by moving clients to MidGard - so that's worth sticking into the financials. The issue with that is whether the bill for the top people has gone up.

Especially if they are paying that amazingly talented and well-connected bloke a packet; funny I've forgotton his name for the moment.

[parsons4] 08/2/2018 07:20

I agree yump the main positive is that a top 20 company considers the product worthy (MIDgard mentioned for the first time) They should be more worthy to comment than many posters. However the cash position is still a worry. The company did not comment which is worrying. I am not increasing just yet.

[lucicavi] 08/2/2018 07:20

The point is it seems they need to fund raise to qualify as a going concern or accounts will be qualified

[yump] 08/2/2018 07:18

Well I hope you do better than the previous FLX investors. Perhaps this time its different. Good luck to you.

By the way, personal comments won't make the share price go up, although they'll make you feel better I guess. I have no gripe with you.

You might find its worth listening to people who post what you call drivel occasionally - that's the only way you'll pick up possible negatives, whether you like them or not, in a share that has a rabid supporters club. Oh, and it might be worth having a look at 'confirmation bias' to see what it means.

Just a bit of advice from an old-timer.

Or you could just contribute analysis here, but I for one, would be very surprised if you did.

[terry topper] 08/2/2018 01:04

Yump
I have only just bought in recently -at 4.9p.
I think this company looks very interesting and a good risk reward investment.
I know that you also post drivel on the IQE thread - is there a 3rd company that you really hate that I can have a look at?

[superg1] 07/2/2018 16:59

So you are saying £95 mill MC soon kaka.