Falanx Share Discussion Threads

[opodio] 18/10/2018 07:04

Another day gone, wages to be paid next week. Ouch!

[nearlythere] 18/10/2018 01:28

Www.vo x markets.co.uk/series/daily-podcast/
Might be worth a listen

[owenski] 17/10/2018 20:37

The share price is saying the market doesn't believe it, equally, there's been no reaction from the Solarwinds arrangement - which opens a large shop window for FLX, even if it's a modest sales outlet, it's still a worthwhile improvement. Funding may or may not be an issue - they say not - we shall see shortly. Meantime for the M.cap involved here the downside is looking covered. I'm not making a call on the SP, but it's starting to look like an interesting situation.

[nearlythere] 17/10/2018 20:17

Richjp

Thanks for your report. as always time will tell and with falanx that time seem to be getting longer and longer. As I suspected they are not going to release the operational update and I will not be surprised if the midterms are late.

[richjp] 17/10/2018 19:11

I attended the presentation yesterday evening and as a shareholder came away more relaxed about my investment than before. I thought MR was a bit more down to earth in his presentation compared to when I saw him at the UK investor Show earlier this year. He recapped some of the things I had heard before but did not just go over the same old material.

The Solarwinds opportunity could really be something. Falanx were already known to Solarwinds before the recent agreement having done software development for them, so the new relationship has developed from that. It looks to me that Falanx’s strategic direction may have changed in the last six months, either because of luck, being in the right place at the right time, or just a better understanding of their market opportunities.

He did say in the presentation about the funding situation that as stated in the RNS funding was fine for their current ongoing business. I questioned him one to one later in the evening and he explained that the comment in the RNS about funding being in place for the “commencement” of the Solarwinds project was based on a relatively conservative uptake of the service. If the demand turns out to be much greater then that might need them to build more capacity. That might or might not lead to an extra funding requirement, however that would soon be justified by the extra business coming in.

He also said that he could not entirely rule out more funding if the right acquisition opportunity came along but I got the impression that nothing was likely to happen in the near future.

I asked why there had been no trading update and he said that it was because the financial half year results were imminent and would be released around about the same date as last year which was 15th November.

[yump] 17/10/2018 17:40

Well having dug into it a bit more, I think Solarwinds will be pushing sales quite hard. Trusted Metrics Inc. who they bought was quite a rapidly growing business based on remote/cloud threat monitoring and through them Solarwinds have got access to various international customers.

Maybe their threat monitoring didn't quite fit with the UK or SA, so Solarwinds have taken an expedient route by using FLX, who are already up and running with some UK businesses.

They certainly put out quite a bit of information on threat monitoring and it appears to be a key part of their strategy for MSP's.

If they become dependent on FLX, I can't imagine them leaving FLX open to being acquired by someone else.

[sclper] 17/10/2018 17:03

To a large degree the amount of new clients secured from this tie up is out of FLXs hands.
It is being sold as a Solarwinds product so the take up rate will depend on how well it is marketed by Solarwinds and its MSPs.

[opodio] 17/10/2018 16:37

Not much cash left here mates

2p placing imho and the price will tank

[nearlythere] 17/10/2018 16:28

Yump
IMO
Look back at the eoy 2017, they assumed they had access to 5,000 customers (re the connections with stone and others)

The eoy 2018 give total customers @ 322 I assume first base brought around 200
So they got APPROX 100 new customers or around 2% of the 5000, so your figures look much better and falanx may be about 10X so the 400k may become 40k.

just my quick look at the figures, i sure any potential investors may go into more detail.
DYOR

[kaka47] 17/10/2018 15:18

Mr Einstein Yump That's 2000 or 2% out of 100000 customers

[hampton58] 17/10/2018 14:55

I note from the RNS. fLX will attend and present at overseas conferences More of that New investrors

[owenski] 17/10/2018 14:49

As a long term bear on this stock I have to say that the Solarwinds deal is a 'new thing' as yet not priced into the stock and if it delivers even modestly on expected customer numbers, it will have a transforming effect on FLX's finances.

I'm still concerned on their finances as they state - they will be ebitda +, not the same as cash flow positive. But, that could prove to be a short term concern.

Worth a watch - link below - covers a lot of the stuff at the TP presentation and is only 2 weeks old. At current prices with the potential for meaningful financial improvement, I'd argue that the downside is getting limited here.

[rathean] 17/10/2018 14:43

Some stubborn resistance at 3p, shorters not trying hard enough. Where is my 1.5p to double up!?

[kaka47] 17/10/2018 14:10

Solarwind and Falanx numbers are amazing.Annual revs from total addressable market are ~£360m pa (£260m from monitoring (recurring) and £120m from professional).FLX is immediately targeting 2% of TAM - which will double existing rev run-rate of £7.2m.Also - No Cash Required.Management was very bullish on beating current GBP7.1 million market forecast

[colinzeal] 17/10/2018 13:49

...and when they do raise the cash it'll go to one of their mates who owns a "market-leading cyber security consultancy firm" or a "GDPR specialist" or some other load of rubbish. Then, it'll be trips to South Africa all round. They've failed to do what they said they would do, period; look at the chart - it confirms it.

[opodio] 17/10/2018 09:13

I suspect the delay is that accounts will require qualification unless they raise more money

To raise more money they will need to issue billion shares imho, its already like confetti

[nearlythere] 17/10/2018 08:39

IMO DYOR

I suppose it was difficult to explain the investment case here when after 6.3 million the company is worth so little and the share price continues to fall. IMO the amounts of last 2 investments by falanx directors provides all the information potential new investors need. I expect one of the main questions may be, if things are going so well, why have falanx not provided existing shareholders with an operational up date, why the delay.

[opodio] 17/10/2018 08:06

seen this today


Fishing Republic PLC Statement re Suspension
16/10/2018 2:52pm
UK Regulatory (RNS & others)

Fishing Rep. (LSE:FISH)
Intraday Stock Chart
Today : Wednesday 17 October 2018

Click Here for more Fishing Rep. Charts.
TIDMFISH

RNS Number : 2348E

Fishing Republic PLC

16 October 2018

Fishing Republic plc

("Fishing Republic" or "the Company" or "the Group")

Statement re Suspension

As announced in the Company's interim results statement on 27 September 2018, Group sales have been significantly affected by strong competitive pressures. This difficult trading environment has continued and the Board has been informed that certain major shareholders are no longer willing to provide further short-term financial assistance to the Group.

Trading in the Company's securities on AIM was therefore suspended at the Company's request pending clarification of its financial position.

[kemche] 17/10/2018 08:04

"well placed to scale Falanx into a significant leader of Cyber Security services in the UK in the short to medium term.”

In the immediate term not so much.

[opodio] 17/10/2018 07:53

Yes, awful

Wall street crashing makes fundraise unsuccessful which worries me

[itworks22] 16/10/2018 22:51

Did anyone get to the Turner Pope presentation this evening and can offer us any detail on Falanx' presentation there ?

I suspect it'll be the same bullish statements from MR that we saw in the recent Proactive video but what was the body language like and were any awkward questions raised and well/badly answered ?